2025-01-17T16:21:35-05:00 2024-06-30 201702555 TOMKIEWICZ WRIGHT LLC 6111 PEACHTREE DUNWOODY RD BLG E ST ATLANTA GA 303284522 990 2023-07-01 264723391 THE GLOBAL CENTER FOR MEDICAL INNOVATION INC GLOB 4043855191 225 NORTH AVENUE ATLANTA GA 303320230 ROBERT FOY TREASURER 4043857107 2025-01-17 true false JOHN NELSON P00576033 7703510411 2025-01-17 2023 2024-10-15 13:58:12Z X SAYLAN LUKAS 1540530 false X WWW.GCMIATL.ORG X 2008 GA TO FACILITATE, PROMOTE, STRUCTURE, AND COORDINATE COLLABORATIVE SCIENTIFIC RESEARCH AND DEVELOPMENT OF INTELLECTUAL PROPERTY FOCUSING ON PUBLIC HEALTH NEEDS. 9 2 0 0 81226 167867 1498798 1368625 3132 4038 0 1583156 1540530 392401 0 1482905 1372047 0 0 1004322 1306044 2487227 3070492 -904071 -1529962 8428847 2436978 3546117 4200869 4882730 -1763891 TO FACILITATE, PROMOTE, STRUCTURE, AND COORDINATE COLLABORATIVE SCIENTIFIC RESEARCH AND DEVELOPMENT OF INTELLECTUAL PROPERTY FOCUSING ON PUBLIC HEALTH NEEDS. false false 2513189 392401 1368625 THE ORGANIZATION PROVIDES COMPREHENSIVE DESIGN, MATERIAL, AND MECHANICAL ENGINEERING RESOURCES FROM THE ORGANIZATION'S MEDICAL DEVICE PROTOTYPING DESIGN AND DEVELOPMENT CENTER. 2513189 true false false false false false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 12 0 0 false false false false false false false false false false false false false false X 9 2 false false false false false true false true true false false true true true true false true false false false GA X SAYLAN LUKAS 4043855191 575 14TH STREET NW ATLANTA GA 30332 CHAOUKI ABDALLAH DIRECTOR 1.00 39.00 X 0 441195 94515 ANDRES J GARCIA DIRECTOR 1.00 39.00 X 0 378244 59480 SHERRY FARRUGIA CEO 1.00 39.00 X 0 300687 78601 JEFFREY WHITE COO/CFO 1.00 39.00 X 0 311432 53365 ALYSSA PANITCH DIRECTOR 1.00 39.00 X 0 244569 43468 ROBERT FOY TREASURER 5.00 35.00 X 0 215393 63126 SAYLAN LUKAS INTERIM CEO 40.00 0.00 X 0 179418 44059 ROGER MASON ASST. 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ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN THAT CERTAIN MATTERS, SUCH AS GCMI'S AND T3 LABS' TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN THEIR ANNUAL INFORMATIONAL TAX RETURNS AND THUS MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURNS WILL BE SUSTAINED UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES, AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATING TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2024. 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FORM 990, PAGE 6, PART VI, LINE 11B FOLLOWING REVIEW BY MANAGEMENT AND CERTAIN OFFICERS, THE SECRETARY EMAILS A DRAFT OF THE FORM 990 TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. IF THE REVIEW RESULTS IN ANY CHANGES, THE REVISED FORM 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY APPLIES TO EACH MEMBER OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF THE ORGANIZATION. THE POLICY ALSO SERVES AS GUIDANCE FOR ALL PERSONS EMPLOYED BY THE GEORGIA INSTITUTE OF TECHNOLOGY WHO HAVE SIGNIFICANT RESPONSIBILITIES FOR THE ACTIVITIES OF THE ORGANIZATION. THE POLICY REQUIRES EACH DIRECTOR AND OFFICER ANNUALLY TO (1)REVIEW THE POLICY (2)DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE ORGANIZATION AND (3)ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT THEY ARE IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. DISCLOSURE FORMS ARE DISTRIBUTED AND COLLECTED BY THE EXECUTIVE DIRECTOR OF THE ORGANIZATION WHO PROVIDES ANY POSITIVE RESPONSES TO THE BOARD OF DIRECTORS IN EXECUTIVE SESSION AS APPROPRIATE. DIRECTORS AND OFFICERS ARE REQUESTED TO DISCLOSE SUBSTANTIVE RELATIONSHIPS THEY OR MEMBERS OF THEIR FAMILY MAINTAIN WITH ORGANIZATIONS THAT DO BUSINESS WITH THE ORGANIZATION OR WHICH OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT IN LIGHT OF THEIR DECISION- MAKING AUTHORITY OR RESPONSIBILITY. DIRECTORS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS UNLESS FOR SPECIAL REASONS THE BOARD REQUESTS INFORMATION OR INTERPRETATION. PERSONS WITH THE CONFLICTS DO NOT VOTE, PARTICIPATE IN THE DISCUSSION OR ATTEND THE MEETING DURING VOTE. ANY PROPOSED TRANSACTION IN WHICH A CONFLICT OF INTEREST HAS BEEN DECLARED OR FOUND TO EXIST MUST BE APPROVED BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD OR THE APPROPRIATE COMMITTEE OF THE BOARD AFTER DISCLOSURE OF THE CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OPERATIONAL CONSULTANTS 169,588 199,310 0 CONTRACT LABOR 165,806 9 0 TOTAL 335,394 199,319 0 FORM 990, PART X LINE 15, OTHER ASSETS: CONSISTS OF MEMBERSHIP INTEREST IN T3 LABS, INC., A CONTROLLED ENTITY OF THE ORGANIZATION. 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