Overview
What is Georgia Tech Athletic Association?
The Georgia Tech Athletic Association, a non-profit organization situated at Georgia Institute of Technology in Atlanta, serves as a focal point for students, alumni, fans, and friends. Its primary function is to manage and maintain the intercollegiate athletic program at Georgia Tech, overseen by the Georgia Tech Athletic Board. The Association fosters academic and athletic success and personal growth for student-athletes, with a commitment to upholding rules and regulations. Its mission centers around promoting the educational programs of Georgia Tech through athletic participation and inspiring students to excel in academics, competition, and life, while emphasizing the core values of excellence, innovation, teamwork, and character.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating
The Georgia Tech Athletic Association received a "Needs Improvement" rating from Charity Navigator, with an overall score of 73%. While the organization demonstrates strong financial oversight and accountability measures, including a well-structured Audit and Oversight Committee, it faces challenges related to the independence of its board members. Only 43% of the board is composed of independent members, which may raise concerns regarding governance and decision-making processes.
On a positive note, the Athletic Association has a commendable Program Expense Ratio of 94.49%, indicating a majority of its expenses are directed towards its programs. This suggests a commitment to fulfilling its mission and serving its community effectively. Additionally, the presence of essential policies, such as conflict of interest and whistleblower protections, reflects a solid framework for ethical governance.
However, the organization did not post its tax form on its website, which could limit transparency and accessibility for stakeholders. Furthermore, the liabilities to assets ratio of 80.76% is concerning, suggesting potential financial strain. These limitations highlight areas for improvement that the organization should address to enhance its overall effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tech Athletic Association legitimate?
Georgia Tech Athletic Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech Athletic Association 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: $705,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,586,509
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What is the mission statement of Georgia Tech Athletic Association?
The Georgia Tech Athletic Association serves as a gathering place for students, alumni, fans, and friends of the Georgia Institute of Technology. Its primary role is to promote the educational programs of Georgia Tech through student participation in various athletic activities. The Association strives to inspire and empower student-athletes to excel in academics, competition, and life. The core values of the Association include excellence, innovation, teamwork, and character. The Association provides opportunities for academic and athletic success and personal growth while emphasizing these values. It enhances the Institute's traditions and works to create an environment that allows student-athletes to compete at the highest levels, bringing enjoyment to supporters. The Association is dedicated to promoting diversity and equity and adheres to the rules of the Institute, the Atlantic Coast Conference, and the National Collegiate Athletic Association.
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Who is the CEO of Georgia Tech Athletic Association?
Dr Michael Shannon is the President of Georgia Tech Athletic Association.
Official website here: www.ramblinwreck.com
What is the revenue of Georgia Tech Athletic Association?
Georgia Tech Athletic Association's revenue in 2022 was $94,187,469.
Official website here: www.ramblinwreck.com
Who are the executives of Georgia Tech Athletic Association and what are their salaries?
There 11 volunteers at Georgia Tech Athletic Association.
Here are 26 key members and their salaries:
- Compensation: $0
- Related: $661,851
- Other: $356,374
- Compensation: $0
- Related: $89,482
- Other: $41,798
- Compensation: $0
- Related: $199,296
- Other: $44,855
- Compensation: $0
- Related: $448,793
- Other: $130,828
- Compensation: $0
- Related: $140,175
- Other: $32,080
- Compensation: $0
- Related: $423,128
- Other: $56,114
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,249
- Other: $24,689
- Compensation: $0
- Related: $249,175
- Other: $35,302
- Compensation: $0
- Related: $150,874
- Other: $36,537
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $35,294
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $342,423
- Related: $405,433
- Other: $36,119
- Compensation: $1,812,480
- Related: $494,375
- Other: $53,279
- Compensation: $2,850,003
- Related: $667,837
- Other: $55,679
- Compensation: $133,299
- Related: $523,982
- Other: $47,999
- Compensation: $0
- Related: $107,400
- Other: $60,416
- Compensation: $0
- Related: $274,346
- Other: $97,642
- Compensation: $0
- Related: $126,124
- Other: $0
- Compensation: $0
- Related: $243,701
- Other: $53,535
- Compensation: $0
- Related: $143,811
- Other: $22,444
Official website here: www.ramblinwreck.com
Where can I find the form 990 for Georgia Tech Athletic Association?
Georgia Tech Athletic Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ramblinwreck.com
Learn more at the official website: www.ramblinwreck.com
Mission Statement of Georgia Tech Athletic Association
The Georgia Tech Athletic Association, a vital component of the Georgia Institute of Technology, serves as a gathering place for students, alumni, fans, and friends. This organization provides opportunities for student-athletes to excel academically and athletically, while fostering personal growth. The Association is deeply committed to promoting diversity and equity. In adherence to the rules of the Institute, the Atlantic Coast Conference, and the National Collegiate Athletic Association, the Georgia Tech Athletic Association creates an environment where student-athletes can compete at the highest levels and bring enjoyment to supporters.
Rooted in the educational programs of Georgia Tech, the Association's primary goal is to inspire and empower student-athletes to be champions in academics, competition, and life. The Association's mission emphasizes four core values: excellence, innovation, teamwork, and character. By developing young people who will shape the world, the Georgia Tech Athletic Association strives to inspire and empower its student-athletes, coaches, and staff to reach their full potential, both on and off the field. Through their commitment to academic success and athletic achievement, the Georgia Tech Athletic Association fosters a culture of excellence, cultivating champions for the future.
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Impact
October, 2024
The Georgia Tech Athletic Association serves as a cornerstone of community engagement at the Georgia Institute of Technology, promoting academic and athletic excellence while fostering personal growth among student-athletes. It acts as a vibrant gathering place for students, alumni, fans, and friends, thereby strengthening community ties.
By providing resources and support for student-athletes, the Association enables them to thrive in both their academic pursuits and competitive endeavors. This commitment to their success is enhanced by a focus on diversity and equity, ensuring that all athletes have the opportunity to excel and develop important life skills.
The Association plays a significant role in maintaining the integrity of Georgia Tech's athletic program, aligning its practices with the values and regulations set forth by the Institute, the Atlantic Coast Conference, and the NCAA. This adherence to rules and ethics not only instills a sense of responsibility among its athletes but also enhances the reputation of Georgia Tech in collegiate athletics.
By embracing tradition while looking toward the future, the Georgia Tech Athletic Association is dedicated to creating lasting positive impacts for student-athletes, coaches, and staff, ultimately inspiring the leaders of tomorrow. Its mission focuses on developing young individuals who are not only champions in sports but also in academics and life, embodying the core values of excellence, innovation, teamwork, and character.
This information is meant to be a general summary of Georgia Tech Athletic Association. 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: $757,834
- Program Service Revenue: $76,557,750
- Gross Receipts: $94,187,469
Assets and Liabilities:
- Total Assets: $372,240,569
- Total Liabilities: $294,713,467
- Net Assets: $77,527,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATHLETIC ACTIVITIES
Revenue
$74,057,750
RADIO BROADCASTING
Revenue
$2,500,000
Organization Details
Founding Year
1934
Phone
(404) 894-5400Principal Officer
Dr Michael Shannon
Main Address
150 BOBBY DODD WAY NW, ATLANTA, GA, 303320455
Website
www.ramblinwreck.comNTEE Category
Code: B43 - Education
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