2026-01-15T08:39:49-06:00 2025-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2024-07-01 581901815 GEORGIA RESEARCH ALLIANCE INC GEOR 4043329770 270 PEACHTREE STREET NW STE 2200 ATLANTA GA 30303 DR TIMOTHY DENNING PRESIDENT & CEO 4043329770 2026-01-13 1 1 MELISSA SEWARD P02145103 7709558600 2026-01-12 2024 2025-03-06 01:10:19Z DR TIMOTHY DENNING 270 PEACHTREE STREET NW STE 2200 ATLANTA GA 30303 9422807 0 X WWW.GRA.ORG X 1990 GA TO DRIVE MORE IMPACT OUT OF UNIVERSITY RESEARCH AND ENTREPRENEURSHIP TO BENEFIT THE STATE OF GEORGIA AND THE WORLD. 49 49 12 49 0 0 12372485 8514355 150000 100000 596459 700905 136512 107547 13255456 9422807 9857893 5647107 0 0 1197878 1305767 0 0 97351 1974075 1810681 13029846 8763555 225610 659252 16226493 17068683 12126020 12308958 4100473 4759725 TO ALLOW BUSINESS, RESEARCH UNIVERSITIES AND STATE GOVERNMENT TO COLLABORATE TO BUILD A TECHNOLOGY-DRIVEN ECONOMY FUELED BY INNOVATIVE UNIVERSITY RESEARCH. 0 0 4010754 3382881 100000 GEORGIA REASEACH ALLIANCE'S (GRA) INNOVATION & ENTREPRENEURSHIP PROGRAM HELPS GEORGIA'S UNIVERSITIES MOVE MORE DISCOVERIES OUT OF THE LAB AND INTO THE WORLD. LAUNCHED IN 2002, GRA'S I&E PROGRAM WORKS TO BUILD HIGH-GROWTH COMPANIES AROUND SCIENTIFIC DISCOVERIES AT GRA'S PARTNER UNIVERSITIES. THE I&E PROGRAM SEEKS OUT UNIVERSITY-BASED RESEARCH INNOVATIONS, EVALUATES THEIR COMMERCIAL POTENTIAL, PROVIDES RESOURCES TO ADDRESS THE MANAGEMENT, MARKET, AND TECHNOLOGY RISKS THAT COME WITH NEW VENTURES. 2697015 2264226 GRA ATTRACTS THE WORLD'S RENOWNED SCIENTISTS TO ITS ACADEMY OF SCIENTISTS. THESE SCIENTISTS LEAD ROBUST RESEARCH AND DEVELOPMENT AT AFFILIATED GEORGIA RESEARCH UNIVERSITIES. THESE PROGRAMS RESULT IN MORE INVESTMENT, WORKFORCE OPPORTUNITIES, AND PROMISING DISCOVERIES AT GRA PARTNER UNIVERSITIES. 6707769 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 6 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 49 49 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X AMY TODD 4043329770 270 PEACHTREE STREET NW SUITE 2200 ATLANTA GA 30303 DR TIMOTHY DENNING PRESIDENT & CEO 40.00 X 398058 0 13499 AMY TODD VP FINANCE AND ADMIN 40.00 X 241929 0 64113 AMANDA SCHROEDER SENIOR VP EXTERNAL ENGAGEMENT 40.00 X 218161 0 15772 JUSTIN BURNS VP FINANCE INNOVATION & ENTREPRENEURSHIP 40.00 X 195038 0 20055 MS LIZANNE THOMAS CHAIRWOMAN 0.00 X X 0 0 0 MR CHARLES H MCTIER SECRETARY/TREASURER 0.00 X X 0 0 0 MR DAVID RATCLIFFE TRUSTEE 0.00 X 0 0 0 MR KEVIN BLAIR TRUSTEE 0.00 X 0 0 0 DR ANGEL CABRERA TRUSTEE 0.00 X 0 0 0 DR GEORGE T FRENCH TRUSTEE 0.00 X 0 0 0 MR LAWRENCE L GELLERSTEDT III TRUSTEE 0.00 X 0 0 0 MR MIKE DONNELLY TRUSTEE 0.00 X 0 0 0 MR ROBERT BOB F HATCHER TRUSTEE 0.00 X 0 0 0 MR DOUGLAS J HERTZ TRUSTEE 0.00 X 0 0 0 MR THOMAS M HOLDER TRUSTEE 0.00 X 0 0 0 MS DONNA W HYLAND TRUSTEE 0.00 X 0 0 0 MR CHRISTIAN FISCHER TRUSTEE 0.00 X 0 0 0 DR RUSSELL KEEN TRUSTEE 0.00 X 0 0 0 MR WILLIAM H LINGINFELTER TRUSTEE 0.00 X 0 0 0 MR JERE W MOREHEAD TRUSTEE 0.00 X 0 0 0 MR CHARLES H OGBURN TRUSTEE 0.00 X 0 0 0 MR NEIL L PRUITT JR TRUSTEE 0.00 X 0 0 0 DR VALERIE MONTGOMERY RICE TRUSTEE 0.00 X 0 0 0 MR MICHAEL RUSSELL TRUSTEE 0.00 X 0 0 0 MR CLYDE C TUGGLE TRUSTEE 0.00 X 0 0 0 MR WILLIAM D UNDERWOOD TRUSTEE 0.00 X 0 0 0 MR SAMUEL HOLMES TRUSTEE 0.00 X 0 0 0 DR GREGORY L FENVES TRUSTEE 0.00 X 0 0 0 MR JOHN STEPHENSON TRUSTEE 0.00 X 0 0 0 MS VENESSA HARRISON TRUSTEE 0.00 X 0 0 0 MS BEATRIZ PEREZ TRUSTEE 0.00 X 0 0 0 DR DEBORAH BACKUS TRUSTEE 0.00 X 0 0 0 MR DELVECCHIO FINLEY TRUSTEE 0.00 X 0 0 0 MR SACHIN SHAILENDRA TRUSTEE 0.00 X 0 0 0 DR SONNY PERDUE TRUSTEE 0.00 X 0 0 0 MS ELIZABETH CHANDLER TRUSTEE 0.00 X 0 0 0 DR HUGH F SMISSON III TRUSTEE 0.00 X 0 0 0 MR BEN J TARBUTTON III TRUSTEE 0.00 X 0 0 0 MR CHRIS CLARK TRUSTEE 0.00 X 0 0 0 MR PAT WILSON TRUSTEE 0.00 X 0 0 0 DR ALLEN LEVEY TRUSTEE 0.00 X 0 0 0 MS TERESA L WHITE TRUSTEE 0.00 X 0 0 0 MR BARRY L STOREY TRUSTEE 0.00 X 0 0 0 MR THOMAS P HACKETT TRUSTEE 0.00 X 0 0 0 DR BRIAN BLAKE TRUSTEE 0.00 X 0 0 0 MRS JANINE BROWN TRUSTEE 0.00 X 0 0 0 MR DALLAS S CLEMENT TRUSTEE 0.00 X 0 0 0 MRS KIMBERLY S GREENE TRUSTEE 0.00 X 0 0 0 MR CADE JOINER TRUSTEE 0.00 X 0 0 0 MR T DALLAS SMITH TRUSTEE 0.00 X 0 0 0 MR JAMES LESSLIE TRUSTEE 0.00 X 0 0 0 MR JAMES HILLENBRAND TRUSTEE 0.00 X 0 0 0 MR RYALS MCMULLIAN JR TRUSTEE 0.00 X 0 0 0 1053186 0 113439 4 0 1 1 MICHAEL BAXTER COMMUNICATIONS PO BOX 1578 DECATUR GA 30031 MARKETING AND COMMUNICATIONS 181275 1 5556230 2958125 8514355 GRAVF CONTRACT 900099 100000 100000 100000 671237 671237 107547 0 107547 107547 107547 29668 0 29668 29668 29668 9422807 100000 0 808452 X 5647107 5647107 323021 193813 113057 16151 703241 131871 569066 2304 102060 41062 59693 1305 96324 38587 56536 1201 81121 37189 43932 37876 37876 48990 48990 936895 571127 292245 73523 272716 4067 268649 222943 17142 205801 40527 40527 107146 107146 26220 11800 13109 1311 7506 3378 3753 375 13417 13417 12756 12756 REPAIRS AND MAINTENANCE 60076 60076 DUES AND SUBSCRIPTIONS 23613 10626 11806 1181 8763555 6707769 1958435 97351 433996 531538 14651903 15640542 520000 241000 40851 133587 30899 600 18698 9452 7925 9246 540919 512170 16226493 17068683 440858 561259 11605792 11747699 79370 0 12126020 12308958 X 2341288 2294070 1759185 2465655 4100473 4759725 16226493 17068683 659252 0 X X 0 1 X 1 0 X 7074468 14379805 7704286 12372485 8514355 50045399 7074468 14379805 7704286 12372485 8514355 50045399 50045399 21416 179068 307482 711666 778784 1998416 52043815 600000 0.96160 0.97350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 482502 29668 512170 461195 21307 482502 453085 8110 461195 518735 -65650 453085 417888 100847 518735 0.00000 1.00000 0.00000 0 0 18698 9452 9246 9246 X 9443640 20833 20833 9422807 0 9422807 8779021 20833 20833 8758188 5367 5367 8763555 PART V, LINE 4: FUNDS ARE USED FOR PURPOSES SPECIFIED BY DONORS SUCH AS GRANTS, RESEARCH, AND SCHOLARSHIPS. PART X, LINE 2: THE ALLIANCE IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THIS SECTION, THE ALLIANCE IS NOT SUBJECT TO FEDERAL INCOME TAXES, AND ACCORDINGLY, NO PROVISION OR ACCRUAL FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION ADJUSTMENT TO RECONCILE 990 TO AUDIT ENDING NET ASSETS 5,367. 1 GEORGIA TECH RESEARCH CORPORATION 505 10TH STREET ATLANTA GA 30318 580603146 501(C)(3) 1009410 0 I & E GRANTS EMORY UNIVERSITY 1440 CLIFTON ROAD ATLANTA GA 30322 580566256 501(C)(3) 823661 0 I & E GRANTS THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION 616 BOYD GRADUATE STUDIES BLDG ATHENS GA 30602 586033837 501(C)(3) 309387 0 I & E GRANTS GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION 58 EDGEWOOD AVE NE FL 3 ATLANTA GA 30303 586033185 501(C)(3) 174842 0 I & E GRANTS KENNESAW STATE UNIVERSITY RESEARCH FOUNDATION 1000 CHASTAIN ROAD KENNESAW GA 30144 371535589 501(C)(3) 96227 0 I & E GRANTS REGULATORY PATHWAYS GROUP 440 N BARRANCA AVE 2471 COVINA CA 91723 50000 0 I & E GRANTS AUGUSTA UNIVERSITY 1120 15TH ST AUGUSTA GA 30912 586002053 501(C)(3) 35000 0 I & E GRANTS CLARK ATLANTA UNIVERSITY 223 JAMES P BRAWLEY DR SW ATLANTA GA 30314 581825259 501(C)(3) 25000 0 I & E GRANTS 7 1 PART I, LINE 2: GRA PROVIDES INNOVATION AND ENTREPRENEURSHIP GRANTS TO HIGHER EDUCATION INSTITUTIONS WITH RESEARCH PORTFOLIOS IN THE STATE OF GEORGIA. THE GRANTS ARE COMPETITIVE AND SUBJECT TO A PROPOSAL AND REVIEW PROCESS THAT EVALUATES THE MERITS OF THE PROJECT AS WELL AS OPPORTUNITIES FOR TECHNOLOGY DEVELOPMENT AND COMMERCIALIZATION. THE GRANTS REQUIRE SEMI-ANNUAL PROGRESS REPORTING TO GRA AND PROJECTS AND TEAMS ARE MONITORED FOR COMPLIANCE AND PROGRESS AGAINST AGREED-UPON MILESTONES AND DELIVERABLES. TEAMS ARE ALSO REQUIRED TO OBTAIN WRITTEN APPROVAL FOR ANY BUDGET CHANGES OR REVISIONS TO PROJECT PLAN. DURING THE GRANT TERM AND AFTER COMPLETION OF THE PROJECT, GRA RECEIVES WRITTEN REPORTS THAT INCLUDE MILESTONES AND DELIVERABLES AS WELL AS FINAL RESULTS OF THE GRANTS. X 0 0 0 0 0 0 0 0 0 DR TIMOTHY DENNING PRESIDENT & CEO 398058 0 0 0 0 0 7306 0 6193 0 411557 0 0 0 AMY TODD VP FINANCE AND ADMIN 241929 0 0 0 0 0 24193 0 39920 0 306042 0 0 0 AMANDA SCHROEDER SENIOR VP EXTERNAL ENGAGEMENT 218161 0 0 0 0 0 15283 0 489 0 233933 0 0 0 JUSTIN BURNS VP FINANCE INNOVATION & ENTREPRENEUR 195038 0 0 0 0 0 19504 0 551 0 215093 0 0 0 FORM 990, PART VII, LINE 5 GEORGIA RESEARCH ALLIANCE, INC., "GRA", REPORTS PAYROLL FOR EMPLOYEES UNDER ITS EIN BUT ALSO CONTRACTS WITH AN UNRELATED ENTITY, GEORGIA STATE UNIVERSITY, "GSU", FOR THE SERVICES OF ADDITIONAL EMPLOYEES WHOSE PAYROLL IS REPORTED BY GSU. THIS INCLUDES GRA PRESIDENT AND CEO, DR. TIMOTHY DENNING, AND AMANDA SCHROEDER, SENIOR VP EXTERNAL ENGAGEMENT, WHOSE 2024 COMPENSATION OF $325,000 AND $65,334, RESPECTIVELY, WAS REPORTED BY GSU. GRA REIMBURSES GSU FOR COMPENSATION AND BENEFITS OF ALL EMPLOYEES. FORM 990, PART I LINE 5, PART V LINE 2 GEORGIA RESEARCH ALLIANCE, INC., "GRA", REPORTS PAYROLL FOR 9 EMPLOYEES UNDER ITS EIN BUT ALSO CONTRACTS WITH AN UNRELATED ENTITY, GEORGIA STATE UNIVERSITY, "GSU", FOR THE SERVICES OF 3 ADDITIONAL EMPLOYEES WHOSE PAYROLL IS REPORTED BY GSU. THIS INCLUDES GRA PRESIDENT AND CEO, DR. TIMOTHY DENNING, AND AMANDA SCHROEDER, SENIOR VP EXTERNAL ENGAGEMENT, WHOSE 2024 COMPENSATION OF $325,000 AND $65,334, RESPECTIVELY, WAS REPORTED BY GSU. GRA REIMBURSES GSU FOR COMPENSATION AND BENEFITS OF ALL 3 EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS THE CONFLICT OF INTEREST POLICY, AND POTENTIAL CONFLICTS THAT MIGHT EXIST ARE BROUGHT BEFORE AN INDEPENDENT COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, WHO ARE ALL INDEPENDENT IN RELATIONSHIP TO THE OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 254,406. MANAGEMENT AND GENERAL EXPENSES 86,796. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 341,202. SUBCONTRACTED LABOR: PROGRAM SERVICE EXPENSES 315,517. MANAGEMENT AND GENERAL EXPENSES 203,995. FUNDRAISING EXPENSES 73,467. TOTAL EXPENSES 592,979. PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,204. MANAGEMENT AND GENERAL EXPENSES 1,454. FUNDRAISING EXPENSES 56. TOTAL EXPENSES 2,714. FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES TO AUDITOR SELECTION PROCESS OR THE FINANCIAL STATEMENT OVERSIGHT PROCESS.