Overview
What is Georgia Advanced Technology Ventures Inc?
Georgia Advanced Technology Ventures Inc is a nonprofit organization headquartered in Atlanta, Georgia, specifically at 225 North Avenue at YMCA Hall, Ste 325. Their primary mission is to support and foster economic development, scientific research, and technology transfer for the Georgia Institute of Technology. Through their efforts, they contribute significantly to the state of Georgia by promoting high technology research and industry within it. Notably, they have facilitated the establishment and operation of the Advanced Technology Development Center (ATDC) incubator facilities, which provide crucial resources for startups and businesses.
Official website here: www.gatv.gatech
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Georgia Advanced Technology Ventures Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance primarily in the area of Accountability & Finance. With a score of 85%, the organization has demonstrated strong governance practices, including a majority of independent board members and comprehensive financial oversight through an audit and oversight committee.
The nonprofit excels in its fiscal management, with a remarkable program expense ratio of 96.92%, indicating that a significant portion of its funds is directed towards its charitable activities. Additionally, the organization has effective policies in place, such as conflict of interest and whistleblower protections, which enhance its operational transparency and accountability.
However, the organization has a liabilities to assets ratio of 65.26%, which may raise some concerns regarding its financial health and sustainability. While the overall accountability measures are commendable, potential donors might want to consider this aspect when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Advanced Technology Ventures Inc legitimate?
Georgia Advanced Technology Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Advanced Technology Ventures 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.gatv.gatech
What is the mission statement of Georgia Advanced Technology Ventures Inc?
Georgia Advanced Technology Ventures Inc is a supporting organization established for the benefit of the Georgia Institute of Technology. Its primary objective is to foster and support education, scientific research, and economic development in Georgia. The corporation operates with a mission to promote Georgia as a hub for new high technology research and industry, contributing to the state's scientific and economic growth. By advocating for the development of high-tech research and industry within Georgia, the corporation aims to bolster the state's economy and continue its tradition of academic excellence and innovation.
Official website here: www.gatv.gatech
What is the revenue of Georgia Advanced Technology Ventures Inc?
Georgia Advanced Technology Ventures Inc's revenue in 2024 was $36,381,962.
Official website here: www.gatv.gatech
Who are the executives of Georgia Advanced Technology Ventures Inc and what are their salaries?
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $595,022
- Other: $54,808
- Compensation: $0
- Related: $441,195
- Other: $94,515
- Compensation: $0
- Related: $303,648
- Other: $82,757
- Compensation: $0
- Related: $266,732
- Other: $77,868
- Compensation: $0
- Related: $276,139
- Other: $55,408
- Compensation: $0
- Related: $215,986
- Other: $62,451
- Compensation: $0
- Related: $194,663
- Other: $71,947
- Compensation: $0
- Related: $213,404
- Other: $25,230
- Compensation: $0
- Related: $140,707
- Other: $47,591
- Compensation: $0
- Related: $109,990
- Other: $61,963
- Compensation: $0
- Related: $117,217
- Other: $38,862
- Compensation: $0
- Related: $117,592
- Other: $36,640
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gatv.gatech
Where can I find the form 990 for Georgia Advanced Technology Ventures Inc?
Georgia Advanced Technology Ventures Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gatv.gatech
Learn more at the official website: www.gatv.gatech
Mission Statement of Georgia Advanced Technology Ventures Inc
Georgia Advanced Technology Ventures Inc, a supporting organization, is dedicated to advancing the mission of the Georgia Institute of Technology. This corporation operates with the exclusive goal of fostering education, scientific research, and economic development within the state of Georgia. By promoting Georgia as a hub for high technology research and industry, Georgia Advanced Technology Ventures Inc plays a critical role in enhancing the scientific and economic landscape of the region. The organization's main objective is to support the Georgia Institute of Technology and contribute to its efforts in driving new technological research and industries within the state.
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Impact
October, 2024
Georgia Advanced Technology Ventures Inc plays a crucial role in fostering economic development and scientific research throughout the state of Georgia. By supporting the Georgia Institute of Technology, the organization facilitates the transfer and commercialization of technology, which is vital for innovation and growth in the high-tech sector.
One of its significant contributions is its involvement with the Advanced Technology Development Center (ATDC), which serves as an incubator for emerging technology companies. This support not only nurtures new startups but also strengthens the state’s economic landscape by creating jobs and attracting investment in high technology industries.
Additionally, Georgia Advanced Technology Ventures Inc promotes collaboration between academia and industry, ensuring that cutting-edge research at the Georgia Institute of Technology translates into practical applications and business opportunities. Through its efforts, the organization is instrumental in positioning Georgia as a hub for technological advancement and innovation.
This information is meant to be a general summary of Georgia Advanced Technology Ventures 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $120,122
- Program Service Revenue: $35,920,615
- Gross Receipts: $36,381,962
Assets and Liabilities:
- Total Assets: $234,129,719
- Total Liabilities: $154,632,814
- Net Assets: $79,496,905
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$34,870,800
PROGRAM EXPENSE REIMBURSEMENT
Revenue
$613,103
DEVELOPMENT FEES
Revenue
$436,712
Organization Details
Founding Year
2000
Principal Officer
Holly Seel
Website
www.gatv.gatechNTEE Category
Code: B99 - Education
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