Overview
What is Georgia Tech Applied Research Corporation?
The Georgia Tech Applied Research Corporation (GTARC) is a nonprofit organization based in Atlanta, Georgia, specifically at 926 Dalney Street NW. It operates as a support system for the Georgia Institute of Technology's research activities. The primary mission of GTARC is to provide contracting, grant, and research administration services for the Georgia Tech Research Institute (GTRI), a non-profit research arm of the Georgia Institute of Technology. GTARC efficiently manages business operations for GTRI as it conducts focused programs in innovative research, technical assistance, and economic development. By doing so, GTARC advances the global competitiveness of Georgia, the Southeast region, and the nation. GTARC acts as the sole contracting entity for GTRI, handling payments, reimbursements, and grants on its behalf. GTARC's ultimate goal is to foster the research initiatives of the Georgia Institute of Technology.
Official website here: www.gtarc.gatech.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Georgia Tech Applied Research Corporation has received a solid Three-Star rating based on its 81% score from Charity Navigator. This rating underscores the organization's strong commitment to accountability and transparency, as reflected in its high scores for an independent board, effective oversight, and comprehensive financial policies. The organization demonstrates a robust program expense ratio of 99.51%, indicating that nearly all of its funds are directed towards its programs.
Strengths of the corporation include a fully independent board comprised of 9 members, as well as comprehensive policies for conflict of interest, whistleblower protection, and document management. Their positive financial practices, including the absence of material diversion of assets and a structured audit process, further enhance their credibility.
Despite the strong performance in various areas, the organization has room for improvement to reach a higher rating. Continuous efforts to maintain and enhance their operational metrics will be crucial for further increasing their overall score and demonstrating their commitment to the mission they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tech Applied Research Corporation legitimate?
Georgia Tech Applied Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech Applied 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.gtarc.gatech.edu
What is the mission statement of Georgia Tech Applied Research Corporation?
The Georgia Tech Applied Research Corporation (GTARC) is a non-profit entity established to support the research initiatives of the Georgia Institute of Technology. Its mission encompasses providing administrative services for the Georgia Tech Research Institute (GTRI), a non-profit research arm of the institution. GTARC's role is to facilitate and manage contracts, grants, and research administration for GTRI, enabling it to conduct innovative research, technical assistance, and economic development projects that boost the global competitiveness of Georgia and the nation. GTARC acts as the sole contracting entity for GTRI, handling payments, expenses, and grants on its behalf. All activities of GTARC are exclusively for the benefit of the Georgia Institute of Technology.
Official website here: www.gtarc.gatech.edu
Who is the CEO of Georgia Tech Applied Research Corporation?
Robert Foy is the Principal Officer of Georgia Tech Applied Research Corporation.
Official website here: www.gtarc.gatech.edu
What is the revenue of Georgia Tech Applied Research Corporation?
Georgia Tech Applied Research Corporation's revenue in 2022 was $705,926,938.
Official website here: www.gtarc.gatech.edu
Who are the executives of Georgia Tech Applied Research Corporation and what are their salaries?
Here are 31 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
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- Other: $0
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- Related: $265,170
- Other: $81,692
- Compensation: $0
- Related: $505,849
- Other: $59,108
- 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: $185,875
- Other: $46,261
- Compensation: $0
- Related: $155,035
- Other: $65,348
- Compensation: $0
- Related: $198,238
- Other: $20,438
- Compensation: $0
- Related: $121,236
- Other: $41,885
- Compensation: $0
- Related: $199,405
- Other: $50,330
- Compensation: $0
- Related: $251,018
- Other: $68,478
- 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: $141,178
- Other: $9,244
- Compensation: $0
- Related: $148,222
- Other: $32,831
- Compensation: $0
- Related: $146,652
- Other: $0
Official website here: www.gtarc.gatech.edu
Where can I find the form 990 for Georgia Tech Applied Research Corporation?
Georgia Tech Applied Research Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gtarc.gatech.edu
Learn more at the official website: www.gtarc.gatech.edu
Mission Statement of Georgia Tech Applied Research Corporation
The Georgia Tech Applied Research Corporation (GTARC) is a vital organization that supports the Georgia Institute of Technology's research initiatives in innovative fields such as research, technical assistance, and economic development. GTARC operates as the sole contracting entity for the Georgia Tech Research Institute (GTRI), a non-profit research arm of the Georgia Institute of Technology. In this capacity, GTARC provides efficient and effective contracting, grant, and research administration services for GTRI.
GTARC's mission is organized and run to bolster the research endeavors of the Georgia Institute of Technology. This nonprofit corporation's activities focus on government agencies and involve payments, reimbursements of expenses, and grants. The Georgia Tech Applied Research Corporation serves exclusively for the benefit of the Georgia Institute of Technology, which is a unit within the University System of Georgia. The corporation's primary goal is to advance the global competitiveness of Georgia, the southeastern region, and the nation through focused programs of groundbreaking research, technical assistance, and economic development.
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Impact
October, 2024
Georgia Tech Applied Research Corporation (GTARC) plays a vital role in enhancing research and innovation through its effective management of contracting, grant administration, and business services for the Georgia Tech Research Institute (GTRI). By facilitating focused research programs, GTARC significantly contributes to the economic development and technological advancement of Georgia, the Southeast region, and the nation.
GTARC's efforts support a diverse range of initiatives, particularly in areas critical to health and safety, providing essential technical assistance to government agencies and other stakeholders. This impact extends beyond the immediate benefits of research funding; it strengthens the local and national economy by fostering an environment of innovation that enhances global competitiveness.
In essence, GTARC acts as the cornerstone for GTRI's research endeavors, ensuring that financial and administrative frameworks are in place to allow cutting-edge projects to thrive. Through its efficient and effective services, GTARC amplifies the organizational capabilities of Georgia Tech, paving the way for groundbreaking discoveries and advancements that benefit society as a whole.
This information is meant to be a general summary of Georgia Tech Applied 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: $129,684
- Program Service Revenue: $699,621,958
- Gross Receipts: $708,183,490
Assets and Liabilities:
- Total Assets: $314,724,771
- Total Liabilities: $243,671,319
- Net Assets: $71,053,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH CONTRACTS
Revenue
$699,621,958
Organization Details
Founding Year
1998
Phone
(404) 894-4819Principal Officer
Robert Foy
Main Address
926 DALNEY STREET NW, ATLANTA, GA, 303320415
Website
www.gtarc.gatech.eduNTEE Category
Code: E11 - Health
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