Nonprofit · EIN 58-2538285
GEORGIA ADVANCED TECHNOLOGY VENTURES INC
Tax-exempt · ATLANTA, GA 30332
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,010,998 | $55,250,326 | $760,672 | $237,901,675 | $139,766,266 | $98,135,409 |
| June 30, 2024 | 990 | $36,381,962 | $23,586,639 | $12,795,323 | $245,847,261 | $148,823,423 | $97,023,838 |
| June 30, 2023 | 990 | $31,669,077 | $21,232,410 | $10,436,667 | $241,918,056 | $157,898,128 | $84,019,928 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,240
- Program service revenue
- $55,526,923
- Investment income
- $120,352
- Other revenue
- $343,483
Expenses
- Grants and similar amounts paid
- $33,402,572
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $336,226
- Accounting fees
- $284,791
- Occupancy
- $6,117,689
- Depreciation
- $3,854,391
- Program services (functional)
- $54,721,198
- Management and general (functional)
- $529,128
Balance sheet and other
- Total assets, start of year
- $245,847,261
- Total assets, end of year
- $237,901,675
- Total liabilities, end of year
- $139,766,266
- Net assets, end of year
- $98,135,409
- Land, buildings and equipment
- $95,349,226
- Net assets without donor restrictions
- $98,041,382
- Net assets with donor restrictions
- $94,027
- Gross receipts
- $56,010,998
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN MCLAUGHLIN | DIRECTOR (end 4/25) Trustee or director | 1 | $0 | $597,699 | $53,266 |
| SHANTAY BOLTON | DIRECTOR (end 3/25) Trustee or director | 1 | $0 | $500,785 | $63,575 |
| RAGHUPATHY SIVAKUMAR | PRESIDENT (BEG. 2/25) Officer | 4 | $0 | $428,178 | $63,694 |
| Chaouki Abdallah | Director (end 8/24) Trustee or director | 1 | $0 | $401,368 | $70,368 |
| TIMOTHY LIEUWEN | DIRECTOR (BEG. 8/24) Trustee or director | 1 | $0 | $363,595 | $66,752 |
| James G Fortner | Treasurer (end 3/25) Officer | 4 | $0 | $304,988 | $86,039 |
| Anthony Zivalich | Vice President - REAL ESTATE Officer | 4 | $0 | $267,603 | $81,557 |
| DAVID BRIDGES | VICE PRESIDENT - INNOVATION Officer | 4 | $0 | $278,065 | $57,273 |
| KARIE DAVIS-NOZEMACK | DIRECTOR (BEG. 6/25) Trustee or director | 1 | $0 | $271,269 | $58,826 |
| JENNIFER BENTSON | Assistant Treasurer Officer | 4 | $0 | $235,505 | $65,243 |
| KIM TOATLEY | DIRECTOR Trustee or director | 1 | $0 | $270,512 | $11,037 |
| AMY HERRON | FORMER OFFICER Former | 0 | $0 | $195,145 | $76,200 |
| Tanesha Steward | Secretary (end 11/24) Officer | 4 | $0 | $131,717 | $50,218 |
| GAIL SPATT | FORMER OFFICER Former | 0 | $0 | $112,847 | $66,533 |
| KELLY MACARTHUR | FORMER OFFICER Former | 0 | $0 | $119,473 | $40,224 |
13 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HOLLY SEEL | Assistant Treasurer Officer | 4 | $0 | $118,269 | $38,556 |
| SHANNON MCGHEE | SECRETARY-INTERIM (BEG. 11/24) Officer | 4 | $0 | $46,929 | $13,195 |
| JAZMYN MUSE | ASST. SECRETARY (BEG. 2/25) Officer | 4 | $0 | $35,550 | $17,050 |
| Ben T Raney II | Director Trustee or director | 1 | $0 | $0 | $0 |
| Blake Patton | Chair Trustee or director | 1 | $0 | $0 | $0 |
| BURUNDA PRINCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN LONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEAN HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARRETT LANGLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRICIA CHASTAIN | DIRECTOR (BEG. 4/25) Trustee or director | 1 | $0 | $0 | $0 |
| SIG MOSLEY | director Trustee or director | 1 | $0 | $0 | $0 |
| RONNI BRYANT | SECRETARY (BEG. 5/25) Officer | 4 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $595,022 | $54,808 |
| Chaouki Abdallah | Director Trustee or director | 1 | $0 | $441,195 | $94,515 |
| James G Fortner | Treasurer Officer | 4 | $0 | $303,648 | $82,757 |
| Anthony Zivalich | Vice President - REAL ESTATE Officer | 4 | $0 | $266,732 | $77,868 |
| DAVID BRIDGES | VICE PRESIDENT - INNOVATION Officer | 4 | $0 | $276,139 | $55,408 |
| JENNIFER BENTSON | Assistant Treasurer Officer | 4 | $0 | $215,986 | $62,451 |
| AMY HERRON | FORMER OFFICER Former | 0 | $0 | $194,663 | $71,947 |
| SHANTAY BOLTON | DIRECTOR Trustee or director | 4 | $0 | $213,404 | $25,230 |
| Tanesha Steward | Secretary Officer | 4 | $0 | $140,707 | $47,591 |
| GAIL SPATT | FORMER OFFICER Former | 0 | $0 | $109,990 | $61,963 |
| KELLY MACARTHUR | FORMER OFFICER Former | 0 | $0 | $117,217 | $38,862 |
| HOLLY SEEL | Assistant Treasurer Officer | 4 | $0 | $117,592 | $36,640 |
| Sig Mosley | Chairman Trustee or director | 1 | $0 | $0 | $0 |
| Ben T Raney II | Director Trustee or director | 1 | $0 | $0 | $0 |
| Blake Patton | Director Trustee or director | 1 | $0 | $0 | $0 |
| BURUNDA PRINCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN LONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEAN HENRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GARRETT LANGLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN MCLAUGHLIN | DIRECTOR Trustee or director | 1 | $0 | $568,353 | $56,819 |
| Chaouki Abdallah | Director Trustee or director | 1 | $0 | $417,734 | $89,177 |
| KELLY FOX | DIRECTOR Trustee or director | 1 | $0 | $379,885 | $46,547 |
| James G Fortner | Treasurer Officer | 4 | $0 | $284,882 | $85,775 |
| Anthony Zivalich | Vice President - REAL ESTATE Officer | 4 | $0 | $267,367 | $76,086 |
| MICHAEL SHANNON | Director through 06/2023 Trustee or director | 1 | $0 | $272,729 | $54,984 |
| DAVID BRIDGES | VICE PRESIDENT - INNOVATION Officer | 4 | $0 | $272,068 | $53,510 |
| JENNIFER HUBERT | Assistant Treasurer Officer | 4 | $0 | $215,271 | $62,006 |
| Amy E Herron | Former Officer Former | 0 | $0 | $188,390 | $70,321 |
| Tanesha Steward | Secretary Officer | 4 | $0 | $130,292 | $42,309 |
| GAIL SPATT | FORMER OFFICER Former | 0 | $0 | $106,647 | $63,737 |
| STEPHEN CROSS | FORMER OFFICER Former | 0 | $0 | $158,423 | $0 |
| KELLY MACARTHUR | FORMER OFFICER Former | 0 | $0 | $112,135 | $36,754 |
| CORTRELLA GREER | ASSISTANT SECRETARY Officer | 4 | $0 | $73,520 | $22,588 |
| HOLLY SEEL | Assistant Treasurer Officer | 4 | $0 | $38,684 | $10,401 |
| Sig Mosley | Chairman Trustee or director | 1 | $0 | $0 | $0 |
| Ben T Raney II | Director Trustee or director | 1 | $0 | $0 | $0 |
| Blake Patton | Director Trustee or director | 1 | $0 | $0 | $0 |
| BURUNDA PRINCE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN LONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ROSS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 225 NORTH AVE LYMAN HALL STE 325, ATLANTA, GA 30332-0001
- In care of
- % HOLLY SEEL
- Principal officer (990 for 2024)
- HOLLY SEEL, 225 NORTH AVE LYMAN HALL 325, ATLANTA, GA 30332
- Signed the 990
- HOLLY SEEL, ASSISTANT TREASURER
- Phone
- (404) 385-7320
- Website
- www.gatv.gatech.edu
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A SUPPORTING ORGANIZATION TO AND FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY TO FOSTER AND SUPPORT EDUCATION AND SCIENTIFIC RESEARCH AND ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF GEORGIA BY PROMOTING THE STATE OF GEORGIA FOR THE DEVELOPMENT OF NEW HIGH TECHNOLOGY RESEARCH AND INDUSTRY WITHIN THE STATE OF GEORGIA.
Program accomplishments
- Georgia Advanced Technology Ventures, Inc. provided support for technology transfer, commercialization, economic development, and relevant real estate development for the Georgia Institute of Technology, including the Advanced Technology Development Center (ATDC) incubator facilities.Expenses $54,721,198 · grants $33,402,572 · revenue $55,870,406
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2538285
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $237,901,675
- Income (IRS master file)
- $56,010,998
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,010,998 | $55,250,326 | $237,901,675 | IRS |
| 990 | June 2024 | $36,381,962 | $23,586,639 | $245,847,261 | IRS |
| 990 | June 2023 | $31,669,077 | $21,232,410 | $241,918,056 | XML |
| 990 | June 2022 | $34,809,516 | $21,543,916 | $234,129,719 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2538285).
Questions about GEORGIA ADVANCED TECHNOLOGY VENTURES INC
- What is the EIN of GEORGIA ADVANCED TECHNOLOGY VENTURES INC?
- The employer identification number (EIN) of GEORGIA ADVANCED TECHNOLOGY VENTURES INC is 58-2538285.
- Is GEORGIA ADVANCED TECHNOLOGY VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GEORGIA ADVANCED TECHNOLOGY VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does GEORGIA ADVANCED TECHNOLOGY VENTURES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEORGIA ADVANCED TECHNOLOGY VENTURES INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGIA ADVANCED TECHNOLOGY VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GEORGIA ADVANCED TECHNOLOGY VENTURES INC?
- The 990 for the year ended June 30, 2025 names HOLLY SEEL.
- Who are the officers and directors of GEORGIA ADVANCED TECHNOLOGY VENTURES INC?
- The 990 for the year ended June 30, 2025 lists 28 people; 0 received compensation from the organization.
- How much revenue does GEORGIA ADVANCED TECHNOLOGY VENTURES INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,010,998, expenses of $55,250,326 and total assets of $237,901,675 at year end.
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