Georgia Tech Athletic Association

Organization Overview

Georgia Tech Athletic Association is located in Atlanta, GA. The organization was established in 1955. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Georgia Tech Athletic Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Tech Athletic Association 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 Athletic Association generated $79.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $88.6m during the year ending 06/2021. While expenses have increased by 2.0% 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

THE GEORGIA TECH ATHLETIC ASSOCIATION FORMS THE FRONT PORCH OF THE GEORGIA INSTITUTE OF TECHNOLOGY (THE INSTITUTE) AND SERVES AS A GATHERING PLACE FOR STUDENTS, ALUMNI, FANS AND FRIENDS. WE PROVIDE OUR STUDENT-ATHLETES WITH THE OPPORTUNITY FOR ACADEMIC AND ATHLETIC SUCCESS AND PERSONAL GROWTH. WE PROMOTE DIVERSITY AND EQUITY. THE INTEGRITY OF OUR MISSION IS ENHANCED BY OUR COMMITMENT TO ADHERENCE TO THE RULES OF THE INSTITUTE, THE ATLANTIC COAST CONFERENCE AND THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION. THIS ENVIRONMENT WE CREATE ALLOWS OUR STUDENT-ATHLETES TO COMPETE AT THE HIGHEST LEVELS, AND CREATES ENJOYMENT FOR OUR SUPPORTERS. WE EMBRACE OUR PROUD TRADITIONS AND STRIVE TO ENHANCE THE FUTURE OPPORTUNITIES FOR OUR STUDENT-ATHLETES, COACHES, AND STAFF.

Describe the Organization's Program Activity:

SPORT SPECIFIC ATHLETIC ACTIVITIES


DIRECT SUPPORT ACTIVITIES FOR ATHLETIC PROGRAMS INCLUDING FACILITIES MAINTENANCE AND ENHANCEMENTS.


GRANTS / SCHOLARSHIPS. 463 SCHOLARSHIPS WERE GIVEN DURING THE CURRENT YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
William Collins
Head Fb Coach
$3,109,975
Todd Stansbury
Director Of Athletics
$2,311,618
Josh Pastner
Head Bb Coach
$2,177,182
Nell Fortner
Head Wb Coach
$730,179
Baratunde Cola
Vice Chair
$0
Mitchell Walker
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Paul Johnson Consulting Inc
Severance
$250,000
Homer Rice
Fundraising- Former Athletic Director
$120,000
Wilmer Hale
Legal Fees
$464,912
Jackson Lewis Pc
Legal Fees
$276,832
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$19,497,573
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$19,497,573
Total Program Service Revenue$58,805,624
Investment income $628,015
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $79,492,257

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Georgia Tech Athletic Association has recieved totaling $36,050.

Awarding OrganizationAmount
Leaders Legacy Inc

Atlanta, GA

PURPOSE: GENERAL ASSISTANCE

$36,050
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$110,095,282
Earnings$43,951,662
Admin Expense$601,726
Net Contributions$30,043,669
Other Expense$14,380,370
Ending Balance$169,108,517

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