Civic Intelligence

Emtech Inc.

990 • Fiscal year 2021 • EIN 58-2585997

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

P O Drawer A-tAtlanta, GA 30322

(404) 727-3556

Siviq Scores

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

Liabilities / Assets

90th percentile

0.86x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

8.73x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

74th percentile

29%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

21st percentile

0.4%

Faster asset growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

26th percentile

-1.5%

Faster revenue growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$29,330,405

Up $110,327 (+0.4%) from 2020

Net Assets

Up

$4,171,357

Up $823,176 (+25%) from 2020

Liabilities

Down

$25,159,048

Down $712,849 (-2.8%) from 2020

Revenue

Down

$2,880,833

Down $42,977 (-1.5%) from 2020

Expenses

Down

$2,057,657

Down $10,291 (-0.5%) from 2020

Net Income

Down

$823,176

Down $32,686 (-3.8%) from 2020

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

2021

Assets$29,330,405
Liabilities$25,159,048
Net Assets$4,171,357

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

2021

Revenue$2,880,833
Expenses$2,057,657
Net Income$823,176
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$2,880,833
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
Cash and Non-Interest-Bearing Accounts$5,706,405$6,357,714▲ $651,309
Land, Buildings, and Equipment, Net$496,886$386,006▼ $110,880
Savings and Temporary Cash Investments$293,182$227,563▼ $65,619
Accounts Receivable$95,418$118,487▲ $23,069
Prepaid Expenses and Deferred Charges$60,046$55,546▼ $4,500
Total Assets$29,220,078$29,330,405▲ $110,327
Other Assets Total$22,568,141$22,185,089▼ $383,052
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,382,777$23,768,542▼ $614,235
Accounts Payable and Accrued Expenses$1,016,935$845,516▼ $171,419
Other Liabilities$472,185$544,990▲ $72,805
Total Liabilities$25,871,897$25,159,048▼ $712,849
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,348,181$4,171,357▲ $823,176
Total Net Assets Fund Balance$3,348,181$4,171,357▲ $823,176
Total Liabilities and Net Assets / Fund Balance$29,220,078$29,330,405▲ $110,327

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$386,006$619,475-
Other Assets Org$574,299--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,880,812
Program Service Revenue
$0
Investment Income
$21
Other Revenue
$0
All Other Contributions
$2,880,812
Change in Net Assets
$823,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,880,833
Total Revenue per Audited Statements
$2,880,833
Total Revenue per Form 990
$2,880,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,677,160
Salaries, Compensation, and Employee Benefits$380,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$911,254--$911,254
Occupancy$351,269--$351,269
Other Salaries and Wages$278,159--$278,159
Depreciation Depletion$110,880--$110,880
Pension Plan Contributions$53,017--$53,017
Information Technology$34,669$252-$34,921
Insurance$26,725$6,126-$32,851
Other Employee Benefits$27,391--$27,391
Fees for Services Accounting-$21,984-$21,984
Payroll Taxes$21,930--$21,930
Other Expenses$10,076--$10,076
Office Expenses$4,364$166-$4,530
Total Functional Expenses$2,029,129$28,528$0$2,057,657

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,057,657
Total Expenses per Audited Statements$2,057,657
Total Expenses per Form 990$2,057,657
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 Lease Expense$433,790
Deferred Dir. Financing Lease Paymt$75,409
Deferred Contract Revenue$35,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
4047273556
Address
P O DRAWER A-T, ATLANTA, GA 30322

Signing Officer

Name
Joanna Green
Title
Treasurer
Phone
4047273556
Signed
2022-05-13

Organization Details

Principal Officer
Melinda Simon
Formed
2000
Legal Domicile
Ga
Voting Board Members
5
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 V

Form 990, part v, line 2a - the organization leases employees through a management agreement from the georgia institute of technology and has no employees of its own. Salaries and fringe benefits listed elsewhere in the 990 represent a "pass through" of expenses to the organization even though the employer of record is the georgia institute of technology.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a not-for-profit corporation and is exempt from income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no income taxes are reflected in the accompanying consolidated financial statements. Asc 740, income taxes, is applicable to not-for-profit entities in that certain matters, such as the organization's tax-exempt status, are considered tax positions taken in its annual informational tax return and thus must be assessed for potential unrecognized tax benefits. Under asc 740, the organization assesses the likelihood, based on their technical merit, that such tax positions taken in its informational tax return will be sustained upon examination of the facts, circumstances and information available at the end of each financial statement period. Unrecognized tax benefits are measured and recorded as a liability where the organization has determined it to be probable a tax position would not be sustained and the amount of the unrecognized tax benefit, including associated penalties and interest, can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position, or for all uncertain tax positions in the aggregate, could differ from the amount recognized. Management has determined that there is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken, or expected to be taken, in its informational tax returns as of june 30, 2021. No informational tax returns are currently under 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAXES ARE REFLECTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ASC 740, INCOME TAXES, IS APPLICABLE TO NOT-FOR-PROFIT ENTITIES IN THAT CERTAIN MATTERS, SUCH AS THE ORGANIZATION'S TAX-EXEMPT STATUS, ARE CONSIDERED TAX POSITIONS TAKEN IN ITS ANNUAL INFORMATIONAL TAX RETURN AND THUS MUST BE ASSESSED FOR POTENTIAL UNRECOGNIZED TAX BENEFITS. UNDER ASC 740, THE ORGANIZATION ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT SUCH TAX POSITIONS TAKEN IN ITS INFORMATIONAL TAX RETURN WILL BE SUSTAINED UPON EXAMINATION OF THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH FINANCIAL STATEMENT PERIOD. UNRECOGNIZED TAX BENEFITS ARE MEASURED AND RECORDED AS A LIABILITY WHERE THE ORGANIZATION HAS DETERMINED IT TO BE PROBABLE A TAX POSITION WOULD NOT BE SUSTAINED AND THE AMOUNT OF THE UNRECOGNIZED TAX BENEFIT, INCLUDING ASSOCIATED PENALTIES AND INTEREST, CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. MANAGEMENT HAS DETERMINED THAT THERE IS NO TAX LIABILITY RESULTING FROM UNRECOGNIZED TAX BENEFITS RELATING TO UNCERTAIN INCOME TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN ITS INFORMATIONAL TAX RETURNS AS OF JUNE 30, 2021. NO INFORMATIONAL TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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/ExplanationTxt1FORM 990, PART V, LINE 2A - THE ORGANIZATION LEASES EMPLOYEES THROUGH A MANAGEMENT AGREEMENT FROM THE GEORGIA INSTITUTE OF TECHNOLOGY AND HAS NO EMPLOYEES OF ITS OWN. SALARIES AND FRINGE BENEFITS LISTED ELSEWHERE IN THE 990 REPRESENT A "PASS THROUGH" OF EXPENSES TO THE ORGANIZATION EVEN THOUGH THE EMPLOYER OF RECORD IS THE GEORGIA INSTITUTE OF TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OFFICER OR KEY PERSON RECEIVED COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EMORY UNIVERSITY AND THE GEORGIA INSTITUTE OF TECHNOLOGY HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5DRAFT VERSION OF FORM 990 SUBMITTED TO BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN NELSON
ReturnHeader/ReturnTs02022-05-13T16:23:12-05:00
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ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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.$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