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Georgia Tech Facilities Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521442293 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is Georgia Tech Facilities Inc?

Georgia Tech Facilities Inc, established as a nonprofit organization, plays a crucial role in supporting and enhancing the Georgia Institute of Technology. Their primary mission is to construct and finance necessary buildings and facilities, aligning with the institution's goals. By leasing these structures to the Georgia Institute of Technology, they contribute to its growth and development. This partnership allows the institute to continue its academic pursuits and research, ultimately benefiting students, faculty, and the wider community.


Official website here: www.gtfi.gatech.edu

What are the reviews and ratings of this charity?

Georgia Tech Facilities Inc has been rated with an 81% score, earning it a Three-Star out of Four Star rating from Charity Navigator. The score is based entirely on Accountability & Finance, indicating reliable financial management and transparency. However, the organization's ratings do not currently include assessments of Leadership & Adaptability, Culture & Community, or Impact & Measurement, which might provide a more comprehensive evaluation.

The organization demonstrates strong accountability practices with full points for audit oversight and conflict of interest policies. Its board is mostly independent, and the program expense ratio is exceptionally high, showing that a significant portion of its funds are directed towards its mission. However, the liabilities to assets ratio is noted as a limitation, which reflects financial vulnerability.

Overall, Georgia Tech Facilities Inc appears to manage its finances meticulously, yet the absence of certain evaluations means that stakeholders must rely primarily on financial metrics. This could be a limitation for donors seeking insights into the organization’s broader governance and impact. There were no user reviews available from GreatNonprofits.


This AI summary has been generated from information found on Charity Navigator.

Is Georgia Tech Facilities Inc legitimate?

Georgia Tech Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech Facilities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.gtfi.gatech.edu

What is the mission statement of Georgia Tech Facilities Inc?

Georgia Tech Facilities Inc is organized with the primary purpose of promoting and supporting the Georgia Institute of Technology. This corporation achieves this by constructing necessary buildings and facilities that align with the institute's goals. Georgia Tech Facilities Inc provides financial assistance as required to meet the institute's needs and objectives, demonstrating its commitment to the growth and success of the Georgia Institute of Technology.


Official website here: www.gtfi.gatech.edu

Who is the CEO of Georgia Tech Facilities Inc?

Tanesha Steward is the Executive Director of Georgia Tech Facilities Inc.


Official website here: www.gtfi.gatech.edu

What is the revenue of Georgia Tech Facilities Inc?

Georgia Tech Facilities Inc's revenue in 2022 was $11,738,325.


Official website here: www.gtfi.gatech.edu

Who are the executives of Georgia Tech Facilities Inc and what are their salaries?


Here are 15 key members and their salaries:


Steven Mclaughlin (Director)
  • Compensation: $0
  • Related: $548,304
  • Other: $54,767
Kelly Fox (Director)
  • Compensation: $0
  • Related: $448,793
  • Other: $130,828
James G Fortner (Former Director)
  • Compensation: $0
  • Related: $274,346
  • Other: $97,642
Jennifer Hubert (Secretary)
  • Compensation: $0
  • Related: $206,974
  • Other: $73,884
Thomas J Pierce Iii (Treasurer)
  • Compensation: $0
  • Related: $192,170
  • Other: $77,014
Tanesha Steward (Executive Director)
  • Compensation: $0
  • Related: $121,236
  • Other: $47,134
Catherine Dill (Assistant Secretary)
  • Compensation: $0
  • Related: $91,392
  • Other: $33,486
Kelly Macarthur (Assistant Treasurer)
  • Compensation: $0
  • Related: $74,950
  • Other: $34,460
Cortrella Greer (Assistant Secretary)
  • Compensation: $0
  • Related: $66,509
  • Other: $25,928
Jack J Faussemagne (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stan Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeni Bodan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyler Gaines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Thurman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacob Tzegaegbe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gtfi.gatech.edu

Where can I find the form 990 for Georgia Tech Facilities Inc?

Georgia Tech Facilities Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gtfi.gatech.edu

Learn more at the official website: www.gtfi.gatech.edu

Mission Statement of Georgia Tech Facilities Inc

Georgia Tech Facilities Inc, a nonprofit organization, is committed to promoting and supporting the Georgia Institute of Technology. Their primary objective is to construct necessary buildings and facilities that align with the institute's goals. By providing appropriate financing, Georgia Tech Facilities Inc ensures that the Georgia Institute of Technology has the necessary infrastructure to thrive and achieve its objectives. In essence, the organization serves as a vital partner in supporting the growth and development of the Georgia Institute of Technology.

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Impact




July, 2024

Georgia Tech Facilities Inc has had a significant impact on supporting the mission and goals of the Georgia Institute of Technology. By providing financing and contracting support for the design and construction of buildings and facilities, Georgia Tech Facilities Inc has played a crucial role in helping the institute expand its infrastructure to meet the needs of its students and faculty. This support has enabled Georgia Tech to further its educational and research initiatives, ultimately contributing to advancements in the field of education.




This information is meant to be a general summary of Georgia Tech Facilities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,738,325 (2022)
Expenses
$11,780,284 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$231,223
  • Program Service Revenue: $11,969,548
  • Gross Receipts: $11,971,167

Assets and Liabilities:

  • Total Assets: $373,740,668
  • Total Liabilities: $331,295,599
  • Net Assets: $42,445,069

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEES

Revenue

$356,582

REIMBURSEMENT OF PROGRAM EXPENSES

Revenue

$674,278

RENTAL INCOME

Revenue

$10,938,688

Organization Details

Founding Year

1985

Principal Officer

Tanesha Steward

Main Address

225 NORTH AVE LYMAN HALL Room 325, ATLANTA, GA, 303320257

NTEE Category

Code: B110 - Education

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