Overview
What is Georgia Tech Foundation Inc?
The Georgia Tech Foundation Inc, located unspecified, is a dedicated organization that fosters and manages charitable contributions in aid of the Georgia Institute of Technology's academic success. Its dedicated Board of Trustees, officers, and staff work together to further this mission in the esteemed tradition of the institution. The foundation does not provide a detailed description of its activities or programs in the given information.
Official website here: www.gtf.gatech
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Georgia Tech Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With a score of 93% in this category, the organization demonstrates effective governance practices, including a fully independent board and a robust audit and oversight committee. These factors contribute to its high accountability, showcasing a transparent operation that adheres to best practices.
The foundation excels in maintaining a low liabilities-to-assets ratio and a high program expense ratio, indicating that the majority of its funds are directed toward its core mission. Their fundraising efficiency is also noteworthy, with an impressive cost of only $0.05 to raise one dollar. This efficiency, combined with a substantial working capital ratio, reflects a well-managed financial structure that prioritizes programmatic activities.
While the ratings are strong, it's important to recognize that the score is based solely on accountability and finance metrics. There may be other dimensions of the foundation's impact or effectiveness that are not captured within this rating, as the focus is primarily on fiscal responsibility. Overall, the Georgia Tech Foundation Inc stands out for its financial integrity and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Tech Foundation Inc legitimate?
Georgia Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Tech Foundation 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: $2,807,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,753,140
For more financial information, click here
Official website here: www.gtf.gatech
What is the mission statement of Georgia Tech Foundation Inc?
The Georgia Tech Foundation's primary objective is to cultivate and oversee donations intended for the enhancement of Georgia Institute of Technology's academic pursuits. The foundation's board, officers, and staff work diligently to uphold this mission in the proud tradition of the esteemed academic institution. Through their stewardship of gifts, they contribute significantly to the promotion of academic excellence at Georgia Tech. The foundation plays a crucial role in accepting and managing contributions, ensuring they align with the institution's academic goals. This dedicated effort enables the Georgia Institute of Technology to continue its pursuit of knowledge and innovation.
Official website here: www.gtf.gatech
What is the revenue of Georgia Tech Foundation Inc?
Georgia Tech Foundation Inc's revenue in 2024 was $282,847,851.
Official website here: www.gtf.gatech
Who are the executives of Georgia Tech Foundation Inc and what are their salaries?
The average compensation at Georgia Tech Foundation Inc during 2024 was $145,391. There are 52 employees and 150 volunteers at Georgia Tech Foundation Inc.
Here are 64 key members and their salaries:
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- Compensation: $696,256
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- Compensation: $180,731
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- Other: $58,709
Official website here: www.gtf.gatech
Where can I find the form 990 for Georgia Tech Foundation Inc?
Georgia Tech Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.gtf.gatech
Learn more at the official website: www.gtf.gatech
Mission Statement of Georgia Tech Foundation Inc
The Georgia Tech Foundation, a mission-driven organization, is dedicated to nurturing and overseeing contributions given to uphold the Georgia Institute of Technology's academic excellence. The Foundation's Board of Trustees, officers, and staff work tirelessly to facilitate these gifts, staying true to the university's proud legacy. By fostering an environment that encourages academic growth, the Georgia Tech Foundation plays a pivotal role in furthering the Georgia Institute of Technology's educational pursuits.
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Impact
October, 2024
Georgia Tech Foundation Inc plays a crucial role in enhancing academic excellence at the Georgia Institute of Technology through the management and stewardship of philanthropic contributions. By fostering gifts from alumni, businesses, and other supporters, the Foundation strengthens educational opportunities, supports innovative research, and promotes the growth of programs that align with the institution's mission. Its efforts directly impact the quality of education offered at Georgia Tech, enabling faculty and students to excel in their respective fields while upholding the traditions and spirit of the institution. This commitment ensures that Georgia Tech remains at the forefront of technological advancement and higher learning, benefiting not only its students but also the broader community and industry.
This information is meant to be a general summary of Georgia Tech Foundation 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: $32,023,165
- Program Service Revenue: $695,909
- Gross Receipts: $1,241,885,651
Assets and Liabilities:
- Total Assets: $3,069,200,897
- Total Liabilities: $623,353,563
- Net Assets: $2,445,847,334
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT FEE INCOME
Revenue
$688,331
COST RECOVERIES
Revenue
$7,578
Organization Details
Founding Year
1932
Principal Officer
Cynthia Pekrul
Website
www.gtf.gatechNTEE Category
Code: B110 - Education
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