Georgia Tech Research Corporation

Organization Overview

Georgia Tech Research Corporation is located in Atlanta, GA. The organization was established in 1947. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Tech Research Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Georgia Tech Research Corporation generated $344.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $332.4m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GEORGIA TECH RESEARCH CORPORATION ADVANCES RESEARCH AND TECHNOLOGICAL DEVELOPMENT AT GEORGIA TECH AS IT CONTINUALLY SEEKS TO ADVANCE SOCIETY AND THE GLOBAL COMPETITIVENESS OF GEORGIA AND THE NATION. GTRC SUPPORTS AND PROMOTES RESEARCH THROUGH ITS STEWARDSHIP OF THE FUNDS FOR SPONSORED RESEARCH AND FINANCIAL SUPPORT OF RESEARCH ACTIVITIES. GTRC EMBODIES GEORGIA TECH'S FOUNDING SPIRIT OF ENTREPRENEURSHIP AND FOCUS ON THE APPLICATIONS OF ENGINEERING, SCIENCE AND TECHNOLOGY TO THE CREATION OF MEANINGFUL NEW IDEAS, METHODS, AND OPPORTUNITIES. THROUGH TECHNOLOGY TRANSFER, GTRC ENABLES THE INSTITUTE TO MAINTAIN BENEFICIAL PARTNERSHIPS WITH PUBLIC AND PRIVATE SECTORS IN RESEARCH AND TECHNOLOGY TO ASSURE THE BENEFITS OF DISCOVERY ARE WIDELY DISSEMINATED.

Describe the Organization's Program Activity:

THE GEORGIA INSTITUTE OF TECHNOLOGY RESEARCH ACTIVITY IS SUPPORTED BY THE GEORGIA TECH RESEARCH CORPORATION WHICH CONSISTS OF OVER 2,000 INDIVIDUAL PROJECTS FOR GOVERNMENTS AND INDUSTRY. PAYMENTS AND REIMBURSEMENT OF EXPENSES AND GRANTS TO AND FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY HAVE BEEN MADE. THE GEORGIA TECH RESEARCH CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE GEORGIA INSTITUTE OF TECHNOLOGY WHICH IS A UNIT OF THE UNIVERSITY SYSTEM IN THE STATE OF GEORGIA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Georgia Institute Of Technology
Research
$337,942,590
Edx Inc
Online Courses
$3,429,885
Amsure - A Division Of Atcfsi
Insurance Services
$631,673
Udacity Inc
Online Courses
$3,444,068
Entrusted Advisors Llc
Legal Services
$618,167
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$527,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$527,000
Total Program Service Revenue$341,292,802
Investment income $131,692
Tax Exempt Bond Proceeds $0
Royalties $2,764,456
Net Rental Income -$2,776
Net Gain/Loss on Asset Sales $113,862
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $344,901,970

Grants Recieved

Over the last fiscal year, we have identified 58 grants that Georgia Tech Research Corporation has recieved totaling $15,452,872.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$2,150,000
Marcus Foundation Inc

Atlanta, GA

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION

$1,135,022
Leona M & Harry B Helmsley Charitable Trust

New York, NY

PURPOSE: TRACKING & INTERPRETATION OF SINGLE-CELL CHARACTERISTICS IN CD PATIENTS

$951,960
Alfred P Sloan Foundation

New York, NY

PURPOSE: TO WORK TOWARDS DEMONSTRATING OPEN-ENDED EVOLUTION USING SYNTHETIC MOLECULAR SYSTEMS

$925,191
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: CLINICAL RESEARCH STUDY

$868,000
Marcus Foundation Inc

Atlanta, GA

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION

$709,642
View Grant Recipient Profile

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