2024-05-15T12:07:50-05:00 2023-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2022-07-01 580622514 GEORGIA TECH ATHLETIC ASSOCIATION GEOR 4048945400 177 NORTH AVENUE ATLANTA GA 30332 BRAD STRICKLIN CFO 4048945400 2024-05-15 1 BRAD STRICKLIN 999009999 1 KEN KURDZIEL P00060407 3523781331 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X BRAD STRICKLIN 177 NORTH AVENUE ATLANTA GA 30332 129867295 0 X WWW.RAMBLINWRECK.COM X 1934 GA THE GEORGIA TECH ATHLETIC ASSOCIATION FORMS THE FRONT PORCH OF THE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) AND SERVES AS A GATHERING PLACE FOR STUDENTS, ALUMNI, FANS AND FRIENDS. WE PROVIDE OUR STUDENT-ATHLETES WITH THE OPPORTUNITY FOR ACADEMIC AND ATHLETIC SUCCESS AND PERSONAL GROWTH. WE PROMOTE DIVERSITY AND EQUITY. THE INTEGRITY OF OUR MISSION IS ENHANCED BY OUR COMMITMENT TO ADHERENCE TO THE RULES OF THE INSTITUTE, THE ATLANTIC COAST CONFERENCE AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. THIS ENVIRONMENT WE CREATE ALLOWS OUR STUDENT-ATHLETES TO COMPETE AT THE HIGHEST LEVELS, AND CREATES ENJOYMENT FOR OUR SUPPORTERS. WE EMBRACE OUR PROUD TRADITIONS AND STRIVE TO ENHANCE THE FUTURE OPPORTUNITIES FOR OUR STUDENT-ATHLETES, COACHES, AND STAFF. 23 10 391 98 1250000 0 15222727 28721562 76557750 97639907 757834 0 1649158 3505826 94187469 129867295 13675197 10749372 0 0 34428228 53111976 0 0 952055 60748292 74511872 108851717 138373220 -14664248 -8505925 372240569 371344903 294713467 299929359 77527102 71415544 X THE PRIMARY PURPOSE OF THE ASSOCIATION IS TO PROMOTE THE EDUCATIONAL PROGRAMS OF GEORGIA TECH THROUGH STUDENT BODY PARTICIPATION IN "HEALTHFUL EXERCISES, RECREATIONS, ATHLETIC GAMES AND CONTESTS". THE ASSOCIATION "DEVELOPS THE YOUNG PEOPLE WHO WILL CHANGE THE WORLD". ITS MISSION IS TO "INSPIRE AND EMPOWER STUDENT-ATHLETES TO BE CHAMPIONS IN ACADEMICS, COMPETITION, AND LIFE" WHILE EMPHASIZING FOUR CORE VALUES EXCELLENCE, INNOVATION, TEAMWORK, AND CHARACTER. 0 0 61481205 29679696 SPORT SPECIFIC ATHLETIC ACTIVITIES 59502337 66710211 DIRECT SUPPORT ACTIVITIES FOR ATHLETIC PROGRAMS INCLUDING FACILITIES MAINTENANCE AND ENHANCEMENTS. 10749372 10749372 GRANTS / SCHOLARSHIPS. 373 SCHOLARSHIPS WERE GIVEN DURING THE CURRENT YEAR. 131732914 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 X 287 0 1 391 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 GA X THE ORGANIZATION 4048945400 177 NORTH AVENUE ATLANTA GA 30332 ANGEL CABRERA PRESIDENT 1.00 40.00 X X 0 669145 358427 MITCHELL WALKER SECRETARY 1.00 40.00 X X 0 234848 48763 MICHAEL SHANNON TREASURER 1.00 40.00 X X 0 272729 54984 WILLIE BELTON TRUSTEE 1.00 40.00 X 0 153656 24194 JONATHAN CLARKE TRUSTEE 1.00 40.00 X 0 458540 58221 KAYE HUSBANDS FEALING TRUSTEE 1.00 40.00 X 0 79872 17346 MARY MCDONALD TRUSTEE 1.00 40.00 X 0 180638 26489 LESLIE SHARP TRUSTEE 1.00 40.00 X 0 268087 36950 MINDY MILLARD-STAFFORD TRUSTEE 1.00 40.00 X 0 165885 28375 FRANK NEVILLE TRUSTEE 1.00 40.00 X 0 385388 44690 JENNA JORDAN VICE CHAIR 1.00 40.00 X X 0 161852 54124 JACQUELINE GARNER TRUSTEE 1.00 40.00 X 0 284111 33976 STEPHEN MCLAUGHLLIN TRUSTEE 1.00 40.00 X 0 568353 56819 ALEX GRADY ALUMNI 1.00 0.00 X 0 0 0 DAVID RUDOLPH ALUMNI 1.00 0.00 X 0 0 0 PAUL SHAILENDRA ALUMNI 1.00 0.00 X 0 0 0 TYLER TOWNSEND ALUMNI 1.00 0.00 X 0 0 0 MARK TEIXEIRA ALUMNI 1.00 0.00 X 0 0 0 DAVID ROWLAND ALUMNI 1.00 0.00 X 0 0 0 TOM FANNING ALUMNI 1.00 0.00 X 0 0 0 ROHAN SOHANI STUDENT 1.00 0.00 X 0 0 0 WILLIAM REICHARD STUDENT 1.00 0.00 X 0 0 0 BEN KING STUDENT 1.00 0.00 X 0 0 0 NELL FORTNER HEAD WB COACH 40.00 0.00 X 422000 414428 37727 JOSH PASTNER HEAD BB COACH UNTIL 4/2023 40.00 0.00 X 2216667 962640 55332 WILLIAM COLLINS HEAD FB COACH UNTIL 9/2022 40.00 0.00 X 3037501 509997 43948 DONALD BRENT KEY HEAD FB COACH AS OF 11/2022 40.00 0.00 X 222724 735040 54932 TODD STANSBURY DIRECTOR OF ATHLETICS UNTIL 9/2022 40.00 0.00 X 240909 511992 46214 STEVEN SWANT FORMER OFFICER 0.00 40.00 X 0 126172 0 6139801 7143373 1081511 6 1 1 0 PAUL JOHNSON CONSULTING INC 401 17TH STREET NW 1201 ATLANTA GA 30363 CONSULTING 250000 WILMER HALE 1875 PENNSYLVANIA AVENUE NW WASHINGTON DC 20006 LEGAL FEES 216268 HOMER RICE PO BOX 422298 ATLANTA GA 30342 CONSULTING 120000 3 28721562 28721562 ATHLETIC ACTIVITIES 711210 89719231 89719231 RADIO BROADCASTING 516100 7920676 6670676 1250000 97639907 OTHER REVENUE 711210 3413201 3413201 HANDLING CHARGES 711210 92625 92625 3505826 129867295 96389907 1250000 3505826 10749372 10749372 1002184 200437 601310 200437 44442149 42210268 2125438 106443 7667643 7222914 410986 33743 132659 132659 113850 113850 120000 12000 108000 685083 316197 358372 10514 371464 297682 73773 9 17932931 17735145 197786 7779864 7653609 126019 236 4216909 4185665 31244 491182 491182 9365537 9365537 1371012 1371012 ATHLETIC ACTIVITIES 15530168 15530168 EVENTS 10270785 10270785 RECRUITING 2467793 2467793 SUPPLIES 1840969 1824106 16863 1821666 1200054 128939 492673 138373220 131732914 5688251 952055 135747 153586 1204738 2629813 8042489 5013794 15067879 17319850 670586 596631 297939038 128615870 170154640 169323168 163627731 160511978 387193 400371 12949566 15395712 372240569 371344903 4613634 4463490 718407 1186690 79365000 200585428 186276985 8223365 1081473 12321460 22657968 73148926 294713467 299929359 X -88809193 -89201254 166336295 160616798 77527102 71415544 372240569 371344903 -8505925 5171556 -2777189 0 X 0 1 X 1 0 X 24239832 26859627 19497573 15222727 28721562 114541321 24239832 26859627 19497573 15222727 28721562 114541321 2019558 112521763 593980 622051 628015 757834 0 2601880 1303157 483653 561045 1649158 3505826 7502839 124646040 354174923 0.90270 0.89550 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: HANDLING CHARGES - 2018 AMOUNT: $ 259,558. 2019 AMOUNT: $ 70,566. 2021 AMOUNT: $ 38,286. 2022 AMOUNT: $ 92,625. OTHER REVENUE - 2018 AMOUNT: $ 869,528. 2019 AMOUNT: $ 239,348. 2020 AMOUNT: $ 379,211. 2021 AMOUNT: $ 1,610,872. 2022 AMOUNT: $ 3,413,201. LICENSING - 2018 AMOUNT: $ 174,071. 2019 AMOUNT: $ 173,739. 2020 AMOUNT: $ 181,834. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 159363425 19163334 5826150 23175618 667774 160509517 169108517 11288974 -2460657 17831228 742181 159363425 110095282 30043669 43951662 14380370 601726 169108517 108299696 12224064 1727936 11593400 563014 110095282 109095500 12385672 7227946 19852058 557364 108299696 0.00540 0.44800 0.54660 1 0 9211600 9211600 277550881 122616517 154934364 11176557 5999353 5177204 169323168 DEPOSITS 6185253 DUE TO RELATED PARTIES 2893673 LINE OF CREDIT 12000000 BONDS PAYABLE 52070000 73148926 X 135038851 5171556 5171556 129867295 0 129867295 138373220 0 138373220 0 138373220 PART V, LINE 4: THE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED TO SUPPORT THE PROGRAM ACTIVITIES OF THE GEORGIA TECH ATHLETIC ASSOCIATION. PART X, LINE 2: MANAGEMENT OF THE ASSOCIATION CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO THE ASSOCIATION'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ASSOCIATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. THE ASSOCIATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. 1 ATHLETIC SCHOLARSHIPS 373 10749372 PART I, LINE 2: ALL ATHLETIC AID IS MONITORED THROUGH THE COMPLIANCE AND FINANCIAL AID OFFICES. AFTER FINANCIAL AID IS AWARDED, STUDENTS ARE MONITORED FOR ACADEMIC AS WELL AS NCAA COMPLIANCE BEFORE RECEIVING AWARD. X X X X 1 1 0 1 0 0 0 0 0 0 0 WILLIAM COLLINS HEAD FB COACH UNTIL 9/2022 3037501 324597 0 175000 0 10400 0 24486 0 19462 3037501 553945 0 0 JOSH PASTNER HEAD BB COACH UNTIL 4/2023 2216667 347040 0 600000 0 15600 0 28182 0 27150 2216667 1017972 0 0 ANGEL CABRERA PRESIDENT 0 623030 0 200 0 45915 0 328182 0 30245 0 1027572 0 0 DONALD BRENT KEY HEAD FB COACH AS OF 11/2022 222724 626531 0 0 0 108509 0 28182 0 26750 222724 789972 0 0 NELL FORTNER HEAD WB COACH 422000 353828 0 45000 0 15600 0 28182 0 9545 422000 452155 0 0 TODD STANSBURY DIRECTOR OF ATHLETICS UNTIL 9/2022 240909 499178 0 0 0 12814 0 28182 0 18032 240909 558206 0 0 STEPHEN MCLAUGHLLIN TRUSTEE 0 483353 0 0 0 85000 0 28182 0 28637 0 625172 0 0 JONATHAN CLARKE TRUSTEE 0 281501 0 0 0 177039 0 28182 0 30039 0 516761 0 0 FRANK NEVILLE TRUSTEE 0 307952 0 30 0 77406 0 27869 0 16821 0 430078 0 0 MICHAEL SHANNON TREASURER 0 268620 0 0 0 4109 0 53749 0 1235 0 327713 0 0 JACQUELINE GARNER TRUSTEE 0 203911 0 4000 0 76200 0 23021 0 10955 0 318087 0 0 LESLIE SHARP TRUSTEE 0 268077 0 10 0 0 0 24987 0 11963 0 305037 0 0 MITCHELL WALKER SECRETARY 0 217207 0 0 0 17641 0 21320 0 27443 0 283611 0 0 JENNA JORDAN VICE CHAIR 0 108503 0 0 0 53349 0 29389 0 24735 0 215976 0 0 MARY MCDONALD TRUSTEE 0 142143 0 1000 0 37495 0 16621 0 9868 0 207127 0 0 MINDY MILLARD-STAFFORD TRUSTEE 0 123881 0 1000 0 41004 0 15501 0 12874 0 194260 0 0 WILLIE BELTON TRUSTEE 0 138473 0 0 0 15183 0 14229 0 9965 0 177850 0 0 STEVEN SWANT FORMER OFFICER 0 0 0 0 0 126172 0 0 0 0 0 126172 0 126172 PART I, LINE 4B FOUR GEORGIA INSTITUTE OF TECHNOLOGY SENIOR ADMINISTRATORS EITHER CURRENTLY OR PREVIOUSLY SERVED AS TRUSTEES AND OFFICERS OF THE ORGANIZATION AND PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN STRUCTURED UNDER IRC 415(M) WHILE EMPLOYED BY THE INSTITUTE. CONTRIBUTIONS TO THE PLAN IN 2022 WERE FUNDED BY THE INSTITUTE AND ARE INCLUDED IN AMOUNTS DISCLOSED ON SCHEDULE J, PART II COLUMN C: DEFERRED COMPENSATION. CONTRIBUTIONS WERE AS FOLLOWS: ANGEL CABRERA, PRESIDENT OF GIT $266,000 KELLY FOX, EXECUTIVE VP FINANCE GIT $0 JAMES FORTNER, VP FINANCE AND PLANNING GIT $0 STEVEN SWANT, FORMER EXECUTIVE VP FINANCE GIT $0 SCHEDULE J, LINE 1A PRIVATE AIRCRAFT ARE USED ONLY IN THOSE SITUATIONS WHEN ORGANIZATIONS'S DIRECTORS, OFFICERS OR COACHES MUST MAKE FUND-RAISING OR RECRUITING TRIPS TO A LOCATION BEST ACCESSED BY SUCH PLANES OR WHEN THE SCHEDULING OF A FUNDRAISING TRIP PROHIBITS COMMERCIAL TRAVEL. TRAVEL IS PROVIDED FOR COMPANIONS OF ORGANIZATION DIRECTORS OR OFFICERS WHEN A BONA FIDE BUSINESS PURPOSE EXISTS. A DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900L96 2011-02-28 88775000 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 1 0 0 B DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 359900Y27 2012-03-01 110112093 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 1 0 0 C DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 36005FEE1 2019-08-29 41322649 TO FINANCE/REFINANCE ALL OR A PORTION OF VARIOUS PROJECTS AT GEORGIA TECH 0 0 0 A 7240000 88775000 6960957 1049631 59848951 20915461 2012 1 0 1 1 B 32390000 110112093 577292 807991 12000000 96726041 2013 1 0 1 1 C 41322649 442906 221974 10000000 30657769 2019 1 0 0 0 A 0 1 0 0 0.00180 0.00180 0 0 1 B 0 1 0 0 0.00180 0.00180 0 0 1 C 0 1 0 0 0 0 1 A 1 0 0 0 0 1 B 1 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 FORM 990, PART V, LINE 2A THE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2022 WHICH WERE REPORTED ON FORM W-3 BY GEORGIA INSTITUTE OF TECHNOLOGY (GIT)AS A COMMON PAYMASTER. SIMILARLY, THE SALARY EXPENSES WERE REPORTED ON GIT'S FORM 941, EMPLOYER'S QUARTERLY FEDERAL TAX RETURN. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WILL BE REVIEWED BY THE ORGANIZATION'S CFO, CEO AND SIGNED OFF ON BY THE TREASURER OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, PRICIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. IN ADDITION, THE ASSOCIATION FOLLOWS THE GUIDELINES OUTLINED IN THEIR CONFLICT OF INTEREST POLICY WITH REGARDS TO MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DECIDED BY THE GEORGIA INSTITUTE OF TECHNOLOGY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. GEORGIA INSTITUTE OF TECHNOLOGY 225 NORTH AVENUE NW ATLANTA GA 30332 586002023 EDUCATION GA 115 BOARD OF REGENTS OF THE USG 0 GEORGIA TECH RESEARCH CORPORATION 926 DALNEY STREET ATLANTA GA 30332 580603146 SPONSORED RESEARCH GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH APPLIED RESEARCH CORPORATION 926 DALNEY STREET ATLANTA GA 30332 582374837 SPONSORED RESEARCH GA 501(C)(3) LINE 12C, III-FI GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA ADVANCED TECHNOLOGY VENTURES INC 225 NORTH AVENUE NW ATLANTA GA 30332 582538285 ECONOMIC DEVELOPMENT GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH FACILITIES INC 225 NORTH AVENUE NW ATLANTA GA 30332 521442293 CONSTRUCTION GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH GLOBAL INC 225 NORTH AVENUE NW ATLANTA GA 30332 271010747 SUPPORT EDUCATION GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 HOME PARK LEARNING CENTER INC 500 TECH PARKWAY ATLANTA GA 30332 582644893 CHILD CARE GA 501(C)(3) LINE 12A, I GEORGIA INSTITUTE OF TECHNOLOGY 0 SOUTHERN LIGHT RAIL INC 225 NORTH AVENUE NW ATLANTA GA 30332 300240711 COMMUNCATION SERVICES GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 GEORGIA TECH PANAMA FOUNDATION MOSSFON BLDTG 2ND FLOOR EAST 54TH PANAMA CITY PM GLOBAL SUPPORT PM 501(C)(3) GEORGIA TECH GLOBAL INC 0 GLOBAL CENTER FOR MEDICAL INNOVATION INC 575 14TH STREET NW ATLANTA GA 30318 264723391 MEDICAL DEVICE SUPPORT GA 501(C)(3) LINE 7 GEORGIA INSTITUTE OF TECHNOLOGY 0 SHENZHEN GEORGIA TECH FDN FOR EDUCATION ROOM 706 TOWER A SCC FIRST HAIDE SHENZHEN CH GLOBAL SUPPORT CH 501(C)(3) GEORGIA INSTITUTE OF TECHNOLOGY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 GEORGIA INSTITUTE OF TECHNOLOGY P 33684672 CASH PAID GEORGIA INSTITUTE OF TECHNOLOGY Q 6288856 CASH RECEIVED