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Nonprofiteer
← GEORGIA ADVANCED TECHNOLOGY VENTURES INC

Form 990 for tax year 2023

Filed by GEORGIA ADVANCED TECHNOLOGY VENTURES INC.

Totals

Total revenue
$36,381,962
Total expenses
$23,586,639
Contributions and grants received
$21,611
Grants paid
$1,114,837
Program service revenue
$35,920,615
Investment income
$120,122
Other revenue
$319,614
Total assets, end of year
$245,847,261
Total liabilities, end of year
$148,823,423
Net assets or fund balances, end of year
$97,023,838
Program services expenses (Part IX)
$23,067,202
Management and general expenses
$519,437
Fundraising expenses
$0
Program service expenses (Part III)
$23,067,202

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STEVEN MCLAUGHLIN

    DIRECTOR

    Total calculated
    $649,830
    From this org
    $0
    From related orgs
    $595,022
    Other
    $54,808
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $510,022 related
    Bonus
    not reported
    Other
    not reported + $85,000 related
    Deferred
    not reported + $30,492 related
    Nontaxable benefits
    not reported + $24,316 related
    Filer's total
    not reported + $649,830 related

  • Chaouki Abdallah

    Director

    Total calculated
    $535,710
    From this org
    $0
    From related orgs
    $441,195
    Other
    $94,515
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $434,895 related
    Bonus
    not reported
    Other
    not reported + $6,300 related
    Deferred
    not reported + $62,739 related
    Nontaxable benefits
    not reported + $31,776 related
    Filer's total
    not reported + $535,710 related

  • James G Fortner

    Treasurer

    Total calculated
    $386,405
    From this org
    $0
    From related orgs
    $303,648
    Other
    $82,757
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $292,848 related
    Bonus
    not reported
    Other
    not reported + $10,800 related
    Deferred
    not reported + $60,140 related
    Nontaxable benefits
    not reported + $22,617 related
    Filer's total
    not reported + $386,405 related

  • Anthony Zivalich

    Vice President - REAL ESTATE

    Total calculated
    $344,600
    From this org
    $0
    From related orgs
    $266,732
    Other
    $77,868
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $266,732 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $55,097 related
    Nontaxable benefits
    not reported + $22,771 related
    Filer's total
    not reported + $344,600 related

  • DAVID BRIDGES

    VICE PRESIDENT - INNOVATION

    Total calculated
    $331,547
    From this org
    $0
    From related orgs
    $276,139
    Other
    $55,408
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $276,139 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $26,426 related
    Nontaxable benefits
    not reported + $28,982 related
    Filer's total
    not reported + $331,547 related

  • JENNIFER BENTSON

    Assistant Treasurer

    Total calculated
    $278,437
    From this org
    $0
    From related orgs
    $215,986
    Other
    $62,451
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $214,939 related
    Bonus
    not reported
    Other
    not reported + $1,047 related
    Deferred
    not reported + $44,223 related
    Nontaxable benefits
    not reported + $18,228 related
    Filer's total
    not reported + $278,437 related

  • AMY HERRON

    FORMER OFFICER

    Total calculated
    $266,610
    From this org
    $0
    From related orgs
    $194,663
    Other
    $71,947
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $193,872 related
    Bonus
    not reported
    Other
    not reported + $791 related
    Deferred
    not reported + $41,159 related
    Nontaxable benefits
    not reported + $30,788 related
    Filer's total
    not reported + $266,610 related

  • SHANTAY BOLTON

    DIRECTOR

    Total calculated
    $238,634
    From this org
    $0
    From related orgs
    $213,404
    Other
    $25,230
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $189,256 related
    Bonus
    not reported
    Other
    not reported + $24,148 related
    Deferred
    not reported + $15,400 related
    Nontaxable benefits
    not reported + $9,830 related
    Filer's total
    not reported + $238,634 related

  • Tanesha Steward

    Secretary

    Total calculated
    $188,298
    From this org
    $0
    From related orgs
    $140,707
    Other
    $47,591
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,707 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $29,334 related
    Nontaxable benefits
    not reported + $18,257 related
    Filer's total
    not reported + $188,298 related

  • GAIL SPATT

    FORMER OFFICER

    Total calculated
    $171,953
    From this org
    $0
    From related orgs
    $109,990
    Other
    $61,963
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $109,538 related
    Bonus
    not reported
    Other
    not reported + $452 related
    Deferred
    not reported + $25,328 related
    Nontaxable benefits
    not reported + $36,635 related
    Filer's total
    not reported + $171,953 related

  • KELLY MACARTHUR

    FORMER OFFICER

    Total calculated
    $156,079
    From this org
    $0
    From related orgs
    $117,217
    Other
    $38,862
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $116,543 related
    Bonus
    not reported
    Other
    not reported + $674 related
    Deferred
    not reported + $24,674 related
    Nontaxable benefits
    not reported + $14,188 related
    Filer's total
    not reported + $156,079 related

  • HOLLY SEEL

    Assistant Treasurer

    Total calculated
    $154,232
    From this org
    $0
    From related orgs
    $117,592
    Other
    $36,640
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $117,592 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $11,642 related
    Nontaxable benefits
    not reported + $24,998 related
    Filer's total
    not reported + $154,232 related

  • Sig Mosley

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Ben T Raney II

    Director

    Total calculated
    $0
    Hours/week
    1

  • Blake Patton

    Director

    Total calculated
    $0
    Hours/week
    1

  • BURUNDA PRINCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN LONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SEAN HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARRETT LANGLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501279349303805

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