Overview
What is Georgia Tech Research Corporation?
The Georgia Tech Research Corporation (GTRC) is a nonprofit organization that supports research and technological development at the Georgia Institute of Technology. Based in Atlanta, Georgia, GTRC manages over 2,000 research projects for governments and industries, handling payments, reimbursements, and grants. This benefits the Georgia Institute of Technology, which is a part of the University System in Georgia. GTRC promotes research through funding and stewardship, embodying the entrepreneurial spirit of Georgia Tech and focusing on the application of engineering, science, and technology to create new ideas and opportunities. Through technology transfer, GTRC facilitates collaborations between the research institution and public and private sectors to disseminate the benefits of discovery. In summary, the Georgia Tech Research Corporation plays a crucial role in advancing research and innovation at Georgia Tech, fostering economic development and global competitiveness.
Official website here: www.gtrc.gatech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Georgia Tech Research Corporation has received an overall score of 81%, reflecting a strong commitment to accountability and finance. This score is based entirely on its performance in these areas, which indicates that the organization manages its resources responsibly and maintains high standards of transparency. The majority of board members are independent, and the organization has a comprehensive set of policies in place, including conflict of interest and whistleblower policies.
Strengths of the organization include an exceptional program expense ratio of 99.33%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated effective oversight through its audit and oversight committee, receiving full points in this category. These attributes bolster the organization's credibility and indicate a sound operational framework.
However, the organization faces a limitation due to its liabilities to assets ratio, scoring only 0 out of 15 points in that area. This suggests that while the organization is effective in many aspects, it may need to address its financial leverage or manage its liabilities more prudently. Overall, Georgia Tech Research Corporation demonstrates a robust accountability structure with areas to improve in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tech Research Corporation legitimate?
Georgia Tech Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech Research Corporation 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.gtrc.gatech.edu
What is the mission statement of Georgia Tech Research Corporation?
The Georgia Tech Research Corporation (GTRC) is a organization dedicated to advancing research and technological development at the Georgia Institute of Technology. It supports research activities through the management of research funds and financial backing. GTRC embodies Georgia Tech's entrepreneurial spirit, focusing on the application of engineering, science, and technology to create meaningful new ideas, methods, and opportunities. GTRC facilitates beneficial partnerships between the Institute and public and private sectors in research and technology, ensuring the wide dissemination of research benefits. The Georgia Institute of Technology's research is supported by over 2,000 individual projects funded by governments and industries through the Georgia Tech Research Corporation.
Official website here: www.gtrc.gatech.edu
Who is the CEO of Georgia Tech Research Corporation?
Robert Foy is the Principal Officer of Georgia Tech Research Corporation.
Official website here: www.gtrc.gatech.edu
What is the revenue of Georgia Tech Research Corporation?
Georgia Tech Research Corporation's revenue in 2022 was $394,284,432.
Official website here: www.gtrc.gatech.edu
Who are the executives of Georgia Tech Research Corporation and what are their salaries?
Here are 30 key members and their salaries:
- Compensation: $0
- Related: $403,469
- Other: $101,787
- Compensation: $0
- Related: $448,793
- Other: $130,828
- Compensation: $0
- Related: $548,304
- Other: $54,767
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $265,170
- Other: $81,692
- Compensation: $0
- Related: $376,187
- Other: $44,359
- Compensation: $0
- Related: $181,190
- Other: $48,702
- Compensation: $0
- Related: $157,817
- Other: $49,080
- Compensation: $0
- Related: $110,919
- Other: $61,693
- Compensation: $0
- Related: $274,346
- Other: $97,642
- Compensation: $0
- Related: $351,173
- Other: $54,797
- Compensation: $0
- Related: $185,875
- Other: $46,261
- Compensation: $0
- Related: $155,035
- Other: $65,348
- Compensation: $0
- Related: $196,055
- Other: $28,142
- Compensation: $0
- Related: $121,236
- Other: $41,885
- Compensation: $0
- Related: $120,291
- Other: $36,034
- Compensation: $0
- Related: $234,110
- Other: $51,006
- Compensation: $0
- Related: $164,687
- Other: $41,934
- Compensation: $0
- Related: $147,366
- Other: $46,652
- Compensation: $0
- Related: $145,811
- Other: $47,337
- Compensation: $0
- Related: $148,222
- Other: $32,831
- Compensation: $0
- Related: $146,652
- Other: $0
Official website here: www.gtrc.gatech.edu
Where can I find the form 990 for Georgia Tech Research Corporation?
Georgia Tech Research Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gtrc.gatech.edu
Learn more at the official website: www.gtrc.gatech.edu
Mission Statement of Georgia Tech Research Corporation
Georgia Tech Research Corporation (GTRC) is a vital organization that supports and advances research and technological development at the Georgia Institute of Technology. With a focus on innovation, technical assistance, and economic development, GTRC embodies the founding spirit of entrepreneurship at Georgia Tech. The corporation stewards funds for sponsored research and financially supports various research activities, ensuring the benefits of discovery are widely disseminated. GTRC's mission is threefold: it supports the Institute's groundbreaking research, provides technical assistance, and contributes to economic development.
GTRC is a key player in the Georgia Tech research community, with over 2,000 individual projects for governments and industries. The organization facilitates payments, reimbursements, and grants for the Georgia Institute of Technology, all in the name of benefiting the esteemed institution. GTRC is exclusively organized and operated for the advantage of the Georgia Institute of Technology, a unit within the University System of Georgia. By fostering beneficial partnerships with public and private sectors, GTRC plays a pivotal role in the application of engineering, science, and technology to create meaningful new ideas, methods, and opportunities. GTRC's unwavering commitment to research and technology transfer maintains Georgia Tech's position at the forefront of innovation and discovery.
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Impact
October, 2024
Georgia Tech Research Corporation (GTRC) plays a crucial role in advancing research and technological development at Georgia Tech, with a broader mission to enhance societal progress and the competitive landscape of Georgia and the nation. By expertly managing funds for sponsored research and providing financial support for various research initiatives, GTRC fosters an environment conducive to innovation.
With over 2,000 projects in collaboration with government entities and industry partners, GTRC ensures that the benefits of research discoveries are widely disseminated and accessible. The organization embodies the entrepreneurial spirit of Georgia Tech, emphasizing the application of engineering, science, and technology to generate impactful ideas and opportunities. Through strategic technology transfer, GTRC enhances beneficial partnerships, driving forward innovative research, technical assistance, and economic development.
In essence, GTRC is instrumental in creating a robust research landscape that supports not only academic achievements but also contributes significantly to healthcare advancements and various sectors, reflecting its commitment to making a positive impact in society.
This information is meant to be a general summary of Georgia Tech Research Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $202,688
- Program Service Revenue: $379,296,509
- Gross Receipts: $395,391,762
Assets and Liabilities:
- Total Assets: $330,106,469
- Total Liabilities: $261,642,696
- Net Assets: $68,463,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH CONTRACTS
Revenue
$378,096,509
GIT ONLINE LEARNING
Revenue
$1,200,000
Organization Details
Founding Year
1937
Phone
(404) 894-4819Principal Officer
Robert Foy
Main Address
926 DALNEY STREET NW, ATLANTA, GA, 303320415
Website
www.gtrc.gatech.eduNTEE Category
Code: E11 - Health
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