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← INSTITUTE OF GAS TECHNOLOGY

Form 990 for tax year 2023

Filed by INSTITUTE OF GAS TECHNOLOGY.

Totals

Total revenue
$117,981,070
Total expenses
$117,215,320
Contributions and grants received
$43,707,996
Grants paid
$80,500
Program service revenue
$63,569,039
Investment income
$3,060,368
Other revenue
$7,643,667
Total assets, end of year
$151,389,687
Total liabilities, end of year
$62,773,235
Net assets or fund balances, end of year
$88,616,452
Program services expenses (Part IX)
$66,606,578
Management and general expenses
$50,608,742
Fundraising expenses
$0
Program service expenses (Part III)
$66,606,578

Program services were 56.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR DAVID C CARROLL

    PRESIDENT & CEO - former

    Total calculated
    $1,646,990
    From this org
    $1,621,582
    From related orgs
    $0
    Other
    $25,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    -$9,779
    Bonus
    $697,239
    Other
    $934,122
    Deferred
    not reported
    Nontaxable benefits
    $25,408
    Filer's total
    $1,646,990

  • MS PAULA A GANT

    President & CEO

    Total calculated
    $1,147,199
    From this org
    $1,073,872
    From related orgs
    $0
    Other
    $73,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $457,690
    Bonus
    $614,250
    Other
    $1,932
    Deferred
    $47,693
    Nontaxable benefits
    $25,634
    Filer's total
    $1,147,199

  • MR JAMES F INGOLD

    SVP of FINANCE, TREASURER, CFO

    Total calculated
    $721,302
    From this org
    $641,681
    From related orgs
    $0
    Other
    $79,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,631
    Bonus
    $304,863
    Other
    $4,187
    Deferred
    $47,693
    Nontaxable benefits
    $31,928
    Filer's total
    $721,302

  • MR QUINTON B FORD

    SVP, Tech Dev, Gen Counsel, Co

    Total calculated
    $710,222
    From this org
    $633,951
    From related orgs
    $0
    Other
    $76,271
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,986
    Bonus
    $296,971
    Other
    $5,994
    Deferred
    $47,693
    Nontaxable benefits
    $28,578
    Filer's total
    $710,222

  • MR RONALD N SNEDIC

    SVP, CORPORATE DEVELOPMENT

    Total calculated
    $707,119
    From this org
    $622,246
    From related orgs
    $0
    Other
    $84,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,855
    Bonus
    $295,029
    Other
    $4,362
    Deferred
    $47,693
    Nontaxable benefits
    $37,180
    Filer's total
    $707,119

  • MR MICHAEL A RUTKOWSKI

    Officer - Former

    Total calculated
    $554,694
    From this org
    $554,694
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $270,061
    Other
    $284,633
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $554,694

  • MR DONALD STEVENSON

    VP, Carbon MGMT & Conv

    Total calculated
    $396,258
    From this org
    $311,403
    From related orgs
    $0
    Other
    $84,855
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,081
    Bonus
    $47,000
    Other
    $2,322
    Deferred
    $46,930
    Nontaxable benefits
    $37,925
    Filer's total
    $396,258

  • MR DUNCAN ROBINSON

    VP, COMMERCIALIZATION

    Total calculated
    $392,929
    From this org
    $317,558
    From related orgs
    $0
    Other
    $75,371
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,016
    Bonus
    $55,000
    Other
    $1,542
    Deferred
    $36,143
    Nontaxable benefits
    $39,228
    Filer's total
    $392,929

  • MR RICHARD KAELIN

    VP, GOVERMENT Services

    Total calculated
    $390,956
    From this org
    $318,630
    From related orgs
    $0
    Other
    $72,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,820
    Bonus
    $54,000
    Other
    $810
    Deferred
    $36,143
    Nontaxable benefits
    $36,183
    Filer's total
    $390,956

  • MR ANTHONY H EASTLAND

    Senior DIRECTOR, R&D

    Total calculated
    $370,122
    From this org
    $289,658
    From related orgs
    $0
    Other
    $80,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,911
    Bonus
    $34,793
    Other
    $3,954
    Deferred
    $43,139
    Nontaxable benefits
    $37,325
    Filer's total
    $370,122

  • MR JOHN L MARION

    Senior Director, Programs

    Total calculated
    $352,992
    From this org
    $296,395
    From related orgs
    $0
    Other
    $56,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,721
    Bonus
    $32,816
    Other
    $6,858
    Deferred
    $42,101
    Nontaxable benefits
    $14,496
    Filer's total
    $352,992

  • MR SEYMOUR KHALILOV

    MD, Strategy & Bus Planning

    Total calculated
    $349,282
    From this org
    $281,197
    From related orgs
    $0
    Other
    $68,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,087
    Bonus
    $27,000
    Other
    $1,110
    Deferred
    $31,760
    Nontaxable benefits
    $36,325
    Filer's total
    $349,282

  • MS KRISTINEMILA WILEY

    VP, Low Carbon Energy

    Total calculated
    $326,605
    From this org
    $295,360
    From related orgs
    $0
    Other
    $31,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,820
    Bonus
    $49,000
    Other
    $540
    Deferred
    $31,245
    Nontaxable benefits
    not reported
    Filer's total
    $326,605

  • MR ANTHONY T LINDSAY

    MD, Infrastructure

    Total calculated
    $323,921
    From this org
    $260,848
    From related orgs
    $0
    Other
    $63,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,423
    Bonus
    $36,361
    Other
    $4,064
    Deferred
    $37,089
    Nontaxable benefits
    $25,984
    Filer's total
    $323,921

  • MR PAUL E GLANVILLE

    Senior DIRECTOR, R&D

    Total calculated
    $315,008
    From this org
    $248,512
    From related orgs
    $0
    Other
    $66,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,871
    Bonus
    $71,564
    Other
    $1,077
    Deferred
    $27,559
    Nontaxable benefits
    $38,937
    Filer's total
    $315,008

  • MR WILLIAM W FOLLETT IV

    Program Director, SCO2

    Total calculated
    $299,822
    From this org
    $260,781
    From related orgs
    $0
    Other
    $39,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,421
    Bonus
    $25,453
    Other
    $3,907
    Deferred
    $35,982
    Nontaxable benefits
    $3,059
    Filer's total
    $299,822

  • MR ZAHER EL ZAHAB

    Program Manager, Gasification

    Total calculated
    $257,370
    From this org
    $204,615
    From related orgs
    $0
    Other
    $52,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,608
    Bonus
    $16,493
    Other
    $514
    Deferred
    $21,218
    Nontaxable benefits
    $31,537
    Filer's total
    $257,370

  • MR ARTHUR CORBIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.87

  • MS REBECCA RANICH

    CHAIR

    Total calculated
    $0
    Hours/week
    0.95

  • MR DAVID F SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.41

  • MR JOHN W SOMERHALDER II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • MS LORI TRAWEEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.68

  • MR NICK STAVROPOULOS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.83

  • MR CARLOS CABRERA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.41

  • MR MICHAEL WEBBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.41

  • MR SCOTT DRURY

    Director

    Total calculated
    $0
    Hours/week
    0.41

  • MS LAUREN RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.41

  • MR SUMEET SINGH

    director

    Total calculated
    $0
    Hours/week
    0.41

  • MS TINA FARACA

    Director

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I LINE 1A
GTI ENERGY REQUIRES PRIOR WRITTEN APPROVAL OF THE PRESIDENT AND CEO, OR THE SVP OF FINANCE, TREASURER AND CFO IN ORDER TO REIMBURSE ANY COSTS RELATED TO A SPOUSE ACCOMPANYING A STAFF MEMBER ON A BUSINESS TRIP. GTI ENERGY REIMBURSES FOR FIRST CLASS TRAVEL AND ANY COSTS RELATED TO THE BUSINESS TRIP IN ACCORDANCE WITH A WRITTEN POLICY AND PROCEDURE. GTI ENERGY REIMBURSES ALL EMPLOYEES UP TO $300 PER YEAR FOR HEALTH CLUB DUES SUBSTANTIATED BY A RECEIPT.
PART I LINE 7
NON-OFFICERS LISTED IN PART VII, SECTION A ARE ELIGIBLE FOR INCENTIVE COMPENSATION UNDER GTI ENERGY'S MANAGEMENT INCENTIVE PLAN. RECOMMENDED BONUSES ARE CALCULATED UNDER TERMS OF THE PLAN, AND THE ACTUAL INCENTIVE AWARDED MUST HAVE THE APPROVAL OF THE PRESIDENT OF GTI ENERGY. OFFICER INCENTIVE COMPENSATION IS DETERMINED UNDER THE TERMS OF THE AWARD, AND THE ACTUAL INCENTIVE AWARDED IS SUBJECT TO DISCRETIONARY ADJUSTMENT BY, AND THE APPROVAL OF, THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • LEHIGH UNIVERSITY

    $62,500

    THE LEHIGH UNIVERSITY DONATION IS IN SUPPORT OF LEHIGH'S PASTEUR PHD PARTNERS (P3) PROGRAM. LEHIGH HAS PROPOSED, AND GTI HAS ACCEPTED THAT THE DONATION SHALL DIRECTED TO A P3 PROGRAM RESEARCH TOPIC THAT IS SCIENTIFIC IN NATURE AND GENERALLY IN THE AREA OF DATA-DRIVE INTERDEPENDENT ENERGY SYSTEMS.

  • MIT ENERGY INITIATIVE

    $18,000

    THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY ENERGY INITIATIVE DONATION IS IN SUPPORT OF THE 2023 C3E WOMEN IN CLEAN ENERGY SYMPOSIUM AND AWARDS. GTI ENERGY SPONSORSHIP ALLOWS TO DIRECTLY IMPACT AND SUPPORT DIVERSITY AND LEADERSHIP IN CLEAN ENERGY.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GTI INTERNATIONAL INC

    C CORP · PRODUCT COMME · DE · 100% owned · share of income $8,334 · share of assets $25,705,464

    Directly controlled by NA

  • FRONTIER ENERGY

    C CORP · ENERGY CONSUL · CA · 100% owned · share of income $5,082,672 · share of assets $24,103,485

    Directly controlled by GTI INTERNATION

  • PROJEO CORPORATION

    C CORP · ENERGY CONSUL · IL · 100% owned · share of income -$192,732 · share of assets $4,152,885

    Directly controlled by GTI INTERNATION

  • SUNGAS RENEWABLES INC

    C CORP · ENERGY CONSUL · DE · 94% owned · share of income -$3,574,325 · share of assets $14,246,263

    Directly controlled by GTI INTERNATION

  • PROJEO SOLUTIONS CORPORATION

    C CORP · ENERGY CONSUL · DE · 100% owned · share of income $0 · share of assets $10

    Directly controlled by GTI INTERNATION

  • REV INNOVATIONS INC

    C CORP · ENERGY CONSUL · DE · 100% owned · share of income -$190,434 · share of assets $125,499

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443139349300634

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