Civic Intelligence

Georgia Tech Athletic Association

990 • Fiscal year 2018 • EIN 58-0622514

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

150 Bobby Dodd Way NWAtlanta, GA 30332-0455

(404) 894-5400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.77x

Higher debt load relative to assets than 84% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

2.66x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

33rd percentile

1.4%

Higher net margin than 33% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

94th percentile

$3,467,566

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

38th percentile

1.3%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

26%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Assets

Up

$312,750,942

Up $4,018,680 (+1.3%) from 2017

Net Assets

Up

$72,138,452

Up $10,799,563 (+18%) from 2017

Liabilities

Down

$240,612,490

Down $6,780,883 (-2.7%) from 2017

Revenue

Up

$90,350,496

Up $18,662,273 (+26%) from 2017

Expenses

Up

$89,076,519

Up $4,178,258 (+4.9%) from 2017

Net Income

Up

$1,273,977

Up $14,484,015 (+110%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $219,520,321Liabilities 2010: $149,080,028Net Assets 2010: $70,440,2932010Assets 2011: $302,106,955Liabilities 2011: $218,814,620Net Assets 2011: $83,292,3352011Assets 2012: $319,498,054Liabilities 2012: $246,449,528Net Assets 2012: $73,048,5262012Assets 2013: $313,817,632Liabilities 2013: $245,335,136Net Assets 2013: $68,482,4962013Assets 2014: $324,005,196Liabilities 2014: $246,939,061Net Assets 2014: $77,066,1352014Assets 2015: $327,058,314Liabilities 2015: $251,051,738Net Assets 2015: $76,006,5762015Assets 2016: $308,763,524Liabilities 2016: $246,354,116Net Assets 2016: $62,409,4082016Assets 2017: $308,732,262Liabilities 2017: $247,393,373Net Assets 2017: $61,338,8892017Assets 2018: $312,750,942Liabilities 2018: $240,612,490Net Assets 2018: $72,138,4522018Assets 2019: $321,407,215Liabilities 2019: $249,329,522Net Assets 2019: $72,077,6932019Assets 2020: $467,767,355Liabilities 2020: $406,529,494Net Assets 2020: $61,237,8612020Assets 2021: $397,031,896Liabilities 2021: $301,587,720Net Assets 2021: $95,444,1762021Assets 2022: $372,240,569Liabilities 2022: $294,713,467Net Assets 2022: $77,527,1022022Assets 2023: $371,344,903Liabilities 2023: $299,929,359Net Assets 2023: $71,415,5442023Assets 2024: $452,431,938Liabilities 2024: $351,200,639Net Assets 2024: $101,231,2992024

Highlighted filing

2018

Assets$312,750,942
Liabilities$240,612,490
Net Assets$72,138,452

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $55,627,1932010Expenses 2011: $63,716,9422011Expenses 2012: $67,038,3982012Expenses 2013: $70,227,3482013Revenue 2014: $66,662,470Expenses 2014: $72,302,441Net Income 2014: -$5,639,9712014Revenue 2015: $72,648,632Expenses 2015: $75,505,871Net Income 2015: -$2,857,2392015Revenue 2016: $69,317,984Expenses 2016: $78,647,945Net Income 2016: -$9,329,9612016Revenue 2017: $71,688,223Expenses 2017: $84,898,261Net Income 2017: -$13,210,0382017Revenue 2018: $90,350,496Expenses 2018: $89,076,519Net Income 2018: $1,273,9772018Revenue 2019: $90,512,187Expenses 2019: $97,243,526Net Income 2019: -$6,731,3392019Revenue 2020: $91,270,460Expenses 2020: $103,270,605Net Income 2020: -$12,000,1452020Revenue 2021: $79,492,257Expenses 2021: $88,570,077Net Income 2021: -$9,077,8202021Revenue 2022: $94,187,469Expenses 2022: $108,851,717Net Income 2022: -$14,664,2482022Revenue 2023: $129,867,295Expenses 2023: $138,373,220Net Income 2023: -$8,505,9252023Revenue 2024: $155,185,786Expenses 2024: $137,809,004Net Income 2024: $17,376,7822024

Highlighted filing

2018

Revenue$90,350,496
Expenses$89,076,519
Net Income$1,273,977
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$90,350,496
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$164,353,911$159,855,538▼ $4,498,373
Investments in Publicly Traded Securities$105,608,505$109,095,500▲ $3,486,995
Pledges and Grants Receivable$8,610,144$11,633,527▲ $3,023,383
Savings and Temporary Cash Investments$6,221,514$7,813,944▲ $1,592,430
Prepaid Expenses and Deferred Charges$1,152,416$1,203,090▲ $50,674
Accounts Receivable$2,863,936$1,130,067▼ $1,733,869
Investments Other Securities$534,310$529,041▼ $5,269
Cash and Non-Interest-Bearing Accounts$64,747$121,108▲ $56,361
Total Assets$308,732,262$312,750,942▲ $4,018,680
Other Assets Total$19,322,779$21,369,127▲ $2,046,348
Liabilities
Tax Exempt Bond Liabilities$183,695,000$182,880,000▼ $815,000
Mortgage Notes Payable Secured by Investment Property$39,393,039$37,615,250▼ $1,777,789
Other Liabilities$15,279,004$10,471,740▼ $4,807,264
Accounts Payable and Accrued Expenses$5,470,497$6,541,909▲ $1,071,412
Unsecured Notes Loans Payable$3,046,840$2,749,054▼ $297,786
Deferred Revenue$508,993$354,537▼ $154,456
Total Liabilities$247,393,373$240,612,490▼ $6,780,883
Net Assets / Fund Balance
Temporarily Rstr Net Assets$57,810,372$71,476,970▲ $13,666,598
Permanently Rstr Net Assets$38,323,155$37,154,723▼ $1,168,432
Unrestricted Net Assets$-34,794,638$-36,493,241▼ $1,698,603
Total Net Assets Fund Balance$61,338,889$72,138,452▲ $10,799,563
Total Liabilities and Net Assets / Fund Balance$308,732,262$312,750,942▲ $4,018,680

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$147,219,950$78,459,653$225,679,603
Equipment$3,416,988$7,580,154$10,997,142
Land$9,218,600-$9,218,600
Other Assets Org$16,859,114--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$105,608,505$9,210,842▲ $10,073,021$15,254,703$109,095,500
2016$98,449,830$7,564,737▲ $12,996,545$12,854,003$105,608,505
2015$109,163,112$5,452,993▼ $3,627,851$11,978,024$98,449,830
2014$108,822,302$13,048,278▲ $2,368,954$14,526,342$109,163,112
2013$99,658,550$9,986,717▲ $13,642,193$13,959,685$108,822,302
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul JohnsonHead Fb CoachFT$3,384,331$83,235$3,467,566
Josh PastnerHead Bb CoachFT$1,658,788$216,841$1,875,629
Todd StansburyDirector of AthleticsFT$942,284$44,258$986,542
Machelle JosephHead Wb CoachFT$638,453$176,033$814,486

Board Members and Trustees

NameTitle
Gp PetersonChairman
Charles IsbellVice Chair
Daniel SchrageFormer Trustee
Deborah TurnerFormer Trustee
Gary MayFormer Trustee
George RileyFormer Trustee
John ToneFormer Trustee
Michael B AndersonFormer Trustee
Reginald DesrochesFormer Trustee
Seletha ButlerFormer Trustee
William J ReadyFormer Trustee
William ToddFormer Trustee
William TrotterFormer Trustee
Colin PottsTrustee
Jenny SingletonTrustee
Jonathan ClarkeTrustee
Mindy Millard-staffordTrustee
Mitchell WalkerTrustee
Nisha BotchweyTrustee
Usha Nair-reichertTrustee
Fran RogersAlumni
John BrockAlumni
Lawton Mac Nease IiiAlumni
Paul ShailendraAlumni
Alex GradyStudent
Quintin KrethStudent
Sujay PeramanuStudent
Steven G SwantTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Homer RiceFundraising- Former Athletic DirectorPO BOX 422298, Atlanta, GA 30342$120,000
Revenue and Support

Revenue Composition

Contributions and Grants
$16,469,607
Program Service Revenue
$71,386,947
Investment Income
$343,360
Other Revenue
$2,150,582
All Other Contributions
$16,469,607
Change in Net Assets
$1,273,977

Audited Revenue Reconciliation

Revenue per Audited Statements
$90,350,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,525,586
Total Revenue per Audited Statements
$99,876,082
Total Revenue per Form 990
$90,350,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,254,987
Salaries, Compensation, and Employee Benefits$29,349,242
Grants and Similar Amounts Paid$11,472,290
Total Fundraising Expense$885,419
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,893,529$1,263,100$74,127$23,230,756
Occupancy$17,582,161$169,024$185$17,751,370
Grants to Domestic Individuals$11,472,290--$11,472,290
Depreciation Depletion$7,496,855--$7,496,855
Other Employee Benefits$4,762,956$346,897$22,090$5,131,943
Travel$4,198,086$33,889$1,018$4,232,993
All Other Expenses$1,403,581$118,966$454,758$1,977,305
Other Expenses$1,314,933--$1,314,933
Current Officers, Directors, Trustees, and Key Employees$197,308$591,926$197,309$986,543
Office Expenses$491,051$378,012$10,764$879,827
Insurance-$603,679-$603,679
Interest$551,113--$551,113
Information Technology$332,037$451$16,931$349,419
Conferences and Meetings$166,055$26,682$237$192,974
Fees for Services Legal-$172,884-$172,884
Fees for Services Other$12,000-$108,000$120,000
Fees for Services Accounting-$66,700-$66,700
Total Functional Expenses$84,418,890$3,772,210$885,419$89,076,519

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$89,076,519
Total Expenses per Audited Statements$89,076,519
Total Expenses per Form 990$89,076,519
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$10,471,740

Bond Issues

BondIssuerIssuedIssue PricePurpose
BDevelopment Authority of Fulton County2012-03-01$110,112,093To finance/refinance all or a portion of various projects at georgia tech
ADevelopment Authority of Fulton County2011-02-28$88,775,000To finance/refinance all or a portion of various projects at georgia tech

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$110,112,093--$807,991
A$88,775,000$769$3,860,000$1,049,631

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The completed form 990 will be reviewed by the organization's cfo, ceo and signed off on by the treasurer of the board.

Form 990, Part VI, Section B, Line 12C

Each trustee, pricipal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy, (b) has read and understands the policy, and (c) has agreed to comply with the policy. In addition, the association follows the guidelines outlined in their conflict of interest policy with regards to monitoring proposed or ongoing transactions for conflicts of interest and dealing with potential or actual conflicts.

Form 990, Part VI, Section B, Line 15

Compensation is decided by the georgia institute of technology.

Form 990, Part VI, Section C, Line 19

The organization makes its financial statements available on its website. The governing documents, and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Georgia Tech Athletic Association
EIN
58-0622514
Phone
4048945400
Address
150 BOBBY DODD WAY NW, ATLANTA, GA 30332-0455

Signing Officer

Name
James G Fortner
Title
Treasurer
Phone
4048945400
Signed
2019-05-15

Organization Details

Principal Officer
James G Fortner
Formed
1934
Legal Domicile
Ga
Voting Board Members
17
Independent Board Members
7
Employees
1
Volunteers
11

Preparer

Firm
James Moore & Co Pl
Address
5931 NW 1ST PLACE, GAINESVILLE, FL 32607-2063
Preparer
Ken Kurdziel
Phone
3523781331
Supplemental Narrative

Additional Explanations

FORM 990 PART XI, LINE 2C:

The process for the selection and retention of the independent auditor has remained consistent with the prior year.

Financial Statement Notes

PART V, LINE 4:

The earnings from the endowment funds are used to support the program activities of the georgia tech athletic association.

PART X, LINE 2:

Management of the association considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability for or discloses potential significant changes that management believes are more likely than not to occur, including changes to the association's status as a not-for-profit entity. Management believes the association met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore no provision for income taxes has been provided in these financial statements. The association's income tax returns for the past three years are subject to examination by tax authorities, and may change upon examination.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm5NISHA BOTCHWEY
IRS990/Form990PartVIISectionAGrp/PersonNm6JONATHAN CLARKE
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN BROCK
IRS990/Form990PartVIISectionAGrp/PersonNm8ALEX GRADY
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES ISBELL
IRS990/Form990PartVIISectionAGrp/PersonNm10MINDY MILLARD-STAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm11SUJAY PERAMANU
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IRS990/Form990PartVIISectionAGrp/PersonNm13FRAN ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm14PAUL SHAILENDRA
IRS990/Form990PartVIISectionAGrp/PersonNm15JENNY SINGLETON
IRS990/Form990PartVIISectionAGrp/PersonNm16MITCHELL WALKER
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IRS990/Form990PartVIISectionAGrp/PersonNm21DANIEL SCHRAGE
IRS990/Form990PartVIISectionAGrp/PersonNm22GARY MAY
IRS990/Form990PartVIISectionAGrp/PersonNm23WILLIAM TROTTER
IRS990/Form990PartVIISectionAGrp/PersonNm24MICHAEL B ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm25DEBORAH TURNER
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IRS990/Form990PartVIISectionAGrp/PersonNm28SELETHA BUTLER
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IRS990/Form990PartVIISectionAGrp/PersonNm30WILLIAM J READY
IRS990/Form990PartVIISectionAGrp/PersonNm31GEORGE RILEY
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4ALUMNI
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7ALUMNI
IRS990/Form990PartVIISectionAGrp/TitleTxt8STUDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11STUDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12STUDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13ALUMNI
IRS990/Form990PartVIISectionAGrp/TitleTxt14ALUMNI
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt18HEAD FB COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt19HEAD WB COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD BB COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt21FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt23FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt24FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt25FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt26FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt27FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt28FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt29FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt30FORMER TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31FORMER TRUSTEE
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$452$351$101$155$138$17.4
2023Detailed filing. Detailed filing data is available for this year.$371$300$71.4$130$138$8.51
2022Detailed filing. Detailed filing data is available for this year.$372$295$77.5$94.2$109$14.7
2021Detailed filing. Detailed filing data is available for this year.$397$302$95.4$79.5$88.6$9.08
2020Detailed filing. Detailed filing data is available for this year.$468$407$61.2$91.3$103$12.0
2019Detailed filing. Detailed filing data is available for this year.$321$249$72.1$90.5$97.2$6.73
2018Detailed filing. Detailed filing data is available for this year.$313$241$72.1$90.4$89.1$1.27
2017Detailed filing. Detailed filing data is available for this year.$309$247$61.3$71.7$84.9$13.2
2016Detailed filing. Detailed filing data is available for this year.$309$246$62.4$69.3$78.6$9.33
2015Detailed filing. Detailed filing data is available for this year.$327$251$76.0$72.6$75.5$2.86
2014Detailed filing. Detailed filing data is available for this year.$324$247$77.1$66.7$72.3$5.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$314$245$68.5$70.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$319$246$73.0$67.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$302$219$83.3$63.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$220$149$70.4$55.6