Civic Intelligence

Emtech Inc.

990 • Fiscal year 2016 • EIN 58-2585997

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

P O Drawer A-tAtlanta, GA 30322

(404) 727-0435

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

5.27x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

91st percentile

41%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

53rd percentile

2.9%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

838%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$30,902,921

Up $865,499 (+2.9%) from 2015

Net Assets

Up

$3,254,145

Up $2,097,922 (+181%) from 2015

Liabilities

Down

$27,648,776

Down $1,232,423 (-4.3%) from 2015

Revenue

Up

$5,248,438

Up $4,688,735 (+838%) from 2015

Expenses

Up

$3,117,654

Up $3,040,189 (+3925%) from 2015

Net Income

Up

$2,130,784

Up $1,648,546 (+342%) from 2015

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $606,375Liabilities 2010: $144,361Net Assets 2010: $462,0142010Assets 2011: $521,278Liabilities 2011: $5,503Net Assets 2011: $515,7752011Assets 2012: $507,285Liabilities 2012: $0Net Assets 2012: $507,2852012Assets 2013: $553,988Liabilities 2013: $0Net Assets 2013: $553,9882013Assets 2014: $646,454Liabilities 2014: $0Net Assets 2014: $646,4542014Assets 2015: $30,037,422Liabilities 2015: $28,881,199Net Assets 2015: $1,156,2232015Assets 2016: $30,902,921Liabilities 2016: $27,648,776Net Assets 2016: $3,254,1452016Assets 2017: $27,493,511Liabilities 2017: $26,538,017Net Assets 2017: $955,4942017Assets 2018: $27,794,915Liabilities 2018: $26,075,225Net Assets 2018: $1,719,6902018Assets 2019: $28,441,505Liabilities 2019: $25,949,186Net Assets 2019: $2,492,3192019Assets 2020: $29,220,078Liabilities 2020: $25,871,897Net Assets 2020: $3,348,1812020Assets 2021: $29,330,405Liabilities 2021: $25,159,048Net Assets 2021: $4,171,3572021Assets 2022: $30,303,858Liabilities 2022: $25,280,069Net Assets 2022: $5,023,7892022Assets 2023: $31,722,463Liabilities 2023: $25,809,122Net Assets 2023: $5,913,3412023Assets 2024: $32,277,811Liabilities 2024: $25,423,371Net Assets 2024: $6,854,4402024

Highlighted filing

2016

Assets$30,902,921
Liabilities$27,648,776
Net Assets$3,254,145

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $196,086Expenses 2010: $303,015Net Income 2010: -$106,9292010Expenses 2011: $19,0012011Expenses 2012: $18,0782012Expenses 2013: $2,7882013Revenue 2014: $0Expenses 2014: $441Net Income 2014: -$4412014Revenue 2015: $559,703Expenses 2015: $77,465Net Income 2015: $482,2382015Revenue 2016: $5,248,438Expenses 2016: $3,117,654Net Income 2016: $2,130,7842016Revenue 2017: $3,479,934Expenses 2017: $5,778,585Net Income 2017: -$2,298,6512017Revenue 2018: $2,937,160Expenses 2018: $2,172,964Net Income 2018: $764,1962018Revenue 2019: $2,927,639Expenses 2019: $2,155,010Net Income 2019: $772,6292019Revenue 2020: $2,923,810Expenses 2020: $2,067,948Net Income 2020: $855,8622020Revenue 2021: $2,880,833Expenses 2021: $2,057,657Net Income 2021: $823,1762021Revenue 2022: $2,902,773Expenses 2022: $2,050,341Net Income 2022: $852,4322022Revenue 2023: $2,962,058Expenses 2023: $2,077,475Net Income 2023: $884,5832023Revenue 2024: $2,973,569Expenses 2024: $2,032,470Net Income 2024: $941,0992024

Highlighted filing

2016

Revenue$5,248,438
Expenses$3,117,654
Net Income$2,130,784
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$5,248,438
Mission and Program Overview

Mission

To facilitate the research and development of technologies and scientific advances, to support research activities by faculty of educational institutions, to enhance the economy by providing opportunities for economic development and job creation, and to support any other research and educational purposes of emory university or the georgia institute of technology, in each case for the benefit of the general public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,328,124$5,980,058▼ $14,348,066
Land, Buildings, and Equipment, Net$8,332,461$744,531▼ $7,587,930
Investments Other Securities$605,414$572,552▼ $32,862
Prepaid Expenses and Deferred Charges$25,000$110,230▲ $85,230
Other Notes and Loans Receivable, Net$60,000--
Accounts Receivable$278,669$11,997▼ $266,672
Total Assets$30,037,422$30,902,921▲ $865,499
Other Assets Total$407,754$23,483,553▲ $23,075,799
Liabilities
Tax Exempt Bond Liabilities$26,500,000$26,362,213▼ $137,787
Accounts Payable and Accrued Expenses$80$1,107,731▲ $1,107,651
Other Liabilities$2,381,119$178,832▼ $2,202,287
Total Liabilities$28,881,199$27,648,776▼ $1,232,423
Net Assets / Fund Balance
Temporarily Rstr Net Assets$18,446,655$1,829,776▼ $16,616,879
Unrestricted Net Assets$-17,290,432$1,424,369▲ $18,714,801
Total Net Assets Fund Balance$1,156,223$3,254,145▲ $2,097,922
Total Liabilities and Net Assets / Fund Balance$30,037,422$30,902,921▲ $865,499

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$744,531$33,804-
Other Assets Org$380,136--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,244,939
Program Service Revenue
$0
Investment Income
$3,499
Other Revenue
$0
All Other Contributions
$5,244,939
Change in Net Assets
$2,130,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,248,438
Revenue Not Reported on Form 990
$-32,862
Total Revenue per Audited Statements
$5,215,576
Total Revenue per Form 990
$5,248,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,952,071
Salaries, Compensation, and Employee Benefits$165,583
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,756,110--$1,756,110
Interest$634,596--$634,596
Occupancy$232,282$136-$232,418
Other Salaries and Wages$124,900--$124,900
Payments to Affiliates-$60,000-$60,000
Insurance$37,111$7,313-$44,424
Depreciation Depletion$40,054--$40,054
Information Technology$22,136$590-$22,726
Pension Plan Contributions$17,823--$17,823
Office Expenses$13,443--$13,443
Other Employee Benefits$13,305--$13,305
Payroll Taxes$9,555--$9,555
Travel$8,124--$8,124
Fees for Services Accounting-$3,600-$3,600
Fees for Services Legal-$3,174-$3,174
Other Expenses$65,706$19-$19
Total Functional Expenses$3,042,822$74,832$0$3,117,654

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,117,654
Total Expenses per Form 990$3,117,654
Total Expenses per Audited Statements$3,049,669
Expenses Not Reported on Form 990$-67,985
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
Deferred Revenue$124,921
Deferred Lease Expense$53,911

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Auth of Dekalb County2014-10-09$26,500,000Construct shared library facility and equipment.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$26,505,860-$137,787$401,504

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI

No officer or key person received compensation from the organization.

Form 990, Page 6, Part VI, Line 7A

Emory university and the georgia institute of technology have the power to elect or appoint members of the governing body.

Form 990, Page 6, Part VI, Line 7B

The president of the georgia institute of technology and the president of emory university each appoint three trustees to the board of trustees. Amendments to the articles of incorporation and the dissolution of the corporation must have the prior approval of the presidents of the georgia institute of technology and emory university.

Form 990, Page 6, Part VI, Line 11B

Draft version of form 990 submitted to board for review.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Emtech Inc
EIN
58-2585997
Phone
4047270435
Address
P O DRAWER A-T, ATLANTA, GA 30322

Signing Officer

Name
John E Connerat
Title
Treasurer
Phone
4047270435
Signed
2017-05-11

Organization Details

Principal Officer
John E Connerat
Formed
2000
Legal Domicile
Ga
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Tomkiewicz Wright LLC
Address
6111 PEACHTREE DUNWOODY RD BLG E ST, ATLANTA, GA 30328-4522
Preparer
John Nelson
Phone
7703510411
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To facilitate the research and development of technologies and scientific advances, to support research activities by faculty of educational institutions, to enhance the economy by providing opportunities for economic development and job creation, and to support any other research and educational purposes of emory university or the georgia institute of technology, in each case for the benefit of the general public.

Form 990, Part IX, Line 11G

Contract labor- library mater 1,731,216 0 0 other contract labor 24,894 0 0

Form 990, Part X

Line 10a- construction in progress

Form 990, Part XI, Line 9

Audited balance subsequent to 990 -67,985 total -67,985

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IRS990/OtherChangesInNetAssetsAmt0-67985
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013305
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013305
IRS990/OtherExpensesGrp/Desc0NONCAPITALIZED EQUIPMENT
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019
IRS990/OtherExpensesGrp/ProgramServicesAmt067677
IRS990/OtherExpensesGrp/ProgramServicesAmt165706
IRS990/OtherExpensesGrp/TotalAmt067677
IRS990/OtherExpensesGrp/TotalAmt165706
IRS990/OtherExpensesGrp/TotalAmt219
IRS990/OtherLiabilitiesGrp/BOYAmt02381119
IRS990/OtherLiabilitiesGrp/EOYAmt0178832
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0124900
IRS990/OtherSalariesAndWagesGrp/TotalAmt0124900
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt060000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt060000
IRS990/PaymentsToAffiliatesGrp/TotalAmt060000
IRS990/PayrollTaxesGrp/ProgramServicesAmt09555
IRS990/PayrollTaxesGrp/TotalAmt09555
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017823
IRS990/PensionPlanContributionsGrp/TotalAmt017823
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0110230
IRS990/PrincipalOfficerNm0JOHN E CONNERAT
IRS990/PriorPeriodAdjustmentsAmt067985
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0557338
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02365
IRS990/PYOtherExpensesAmt077465
IRS990/PYRevenuesLessExpensesAmt0482238
IRS990/PYTotalExpensesAmt077465
IRS990/PYTotalRevenueAmt0559703
IRS990/ReconcilationRevenueExpnssAmt02130784
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020328124
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05980058
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FORFEITED TENANT DEPOSITS 1,307
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05244939
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0557338
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05802277
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03499
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02365
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05864
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01307
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01307
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99880
IRS990ScheduleA/PublicSupportPY170Pct00.99340
IRS990ScheduleA/PublicSupportTotal170Amt05802277
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05244939
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0557338
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05802277
IRS990ScheduleA/TotalSupportAmt05809448
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0744531
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033804
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0778335
IRS990ScheduleD/ExpensesNotReportedAmt0-67985
IRS990ScheduleD/ExpensesSubtotalAmt03117654
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-32862
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023103417
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1380136
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET INVESTMENT DIRECT FINANCING LEAS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND ISSUANCE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2EQUIPMENT NOT IN SERVICE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0124921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt153911
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED REVENUE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LEASE EXPENSE
IRS990ScheduleD/PriorYearAdjustmentsAmt0-67985
IRS990ScheduleD/RevenueNotReportedAmt0-32862
IRS990ScheduleD/RevenueSubtotalAmt05248438
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0744531
IRS990ScheduleD/TotalBookValueOtherAssetsAmt023483553
IRS990ScheduleD/TotalExpensesPerForm990Amt03117654
IRS990ScheduleD/TotalLiabilityAmt0178832
IRS990ScheduleD/TotalRevenuePerForm990Amt05248438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05215576
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03049669
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT AUTH. OF DEKALB COUNTY DIFFERENCE BETWEEN ISSUE PRICE IN PART I COLUMN (E) AND PART II, LINE 3 IS DUE TO INVESTMENT EARNINGS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-10-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0581500666
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt026500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0DEVELOPMENT AUTH OF DEKALB COUNTY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT SHARED LIBRARY FACILITY AND EQUIPMENT.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt022200146
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0853276
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0724784
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0401504
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0137787
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt026505860
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt01835636
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO FACILITATE THE RESEARCH AND DEVELOPMENT OF TECHNOLOGIES AND SCIENTIFIC ADVANCES, TO SUPPORT RESEARCH ACTIVITIES BY FACULTY OF EDUCATIONAL INSTITUTIONS, TO ENHANCE THE ECONOMY BY PROVIDING OPPORTUNITIES FOR ECONOMIC DEVELOPMENT AND JOB CREATION, AND TO SUPPORT ANY OTHER RESEARCH AND EDUCATIONAL PURPOSES OF EMORY UNIVERSITY OR THE GEORGIA INSTITUTE OF TECHNOLOGY, IN EACH CASE FOR THE BENEFIT OF THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OFFICER OR KEY PERSON RECEIVED COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMORY UNIVERSITY AND THE GEORGIA INSTITUTE OF TECHNOLOGY HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT OF THE GEORGIA INSTITUTE OF TECHNOLOGY AND THE PRESIDENT OF EMORY UNIVERSITY EACH APPOINT THREE TRUSTEES TO THE BOARD OF TRUSTEES. AMENDMENTS TO THE ARTICLES OF INCORPORATION AND THE DISSOLUTION OF THE CORPORATION MUST HAVE THE PRIOR APPROVAL OF THE PRESIDENTS OF THE GEORGIA INSTITUTE OF TECHNOLOGY AND EMORY UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DRAFT VERSION OF FORM 990 SUBMITTED TO BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT LABOR- LIBRARY MATER 1,731,216 0 0 OTHER CONTRACT LABOR 24,894 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LINE 10A- CONSTRUCTION IN PROGRESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AUDITED BALANCE SUBSEQUENT TO 990 -67,985 TOTAL -67,985
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt026500000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt026362213
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt018446655
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01829776
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt030037422
IRS990/TotalAssetsEOYAmt030902921
IRS990/TotalAssetsGrp/BOYAmt030037422
IRS990/TotalAssetsGrp/EOYAmt030902921
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05244939
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074832
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03042822
IRS990/TotalFunctionalExpensesGrp/TotalAmt03117654
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028881199
IRS990/TotalLiabilitiesEOYAmt027648776

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.3$25.4$6.85$2.97$2.03$0.94
2023Detailed filing. Detailed filing data is available for this year.$31.7$25.8$5.91$2.96$2.08$0.88
2022Detailed filing. Detailed filing data is available for this year.$30.3$25.3$5.02$2.90$2.05$0.85
2021Detailed filing. Detailed filing data is available for this year.$29.3$25.2$4.17$2.88$2.06$0.82
2020Detailed filing. Detailed filing data is available for this year.$29.2$25.9$3.35$2.92$2.07$0.86
2019Detailed filing. Detailed filing data is available for this year.$28.4$25.9$2.49$2.93$2.16$0.77
2018Detailed filing. Detailed filing data is available for this year.$27.8$26.1$1.72$2.94$2.17$0.76
2017Detailed filing. Detailed filing data is available for this year.$27.5$26.5$0.96$3.48$5.78$2.30
2016Detailed filing. Detailed filing data is available for this year.$30.9$27.6$3.25$5.25$3.12$2.13
2015Detailed filing. Detailed filing data is available for this year.$30.0$28.9$1.16$0.56$0.08$0.48
2014Summary only. Only limited summary data is available for this year.$0.65$0.00$0.65$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.00$0.51$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.01$0.52$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.14$0.46$0.20$0.30$0.11