Civic Intelligence

Emtech Inc.

990 • Fiscal year 2023 • EIN 58-2585997

Jul 01, 2022 to Jun 30, 2023 • Filed on May 13, 2024

Organization ProfileLIBRARYSERVICECENTER.ORG
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

88th percentile

0.81x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

8.71x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

44th percentile

4.7%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.0%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$31,722,463

Up $1,418,605 (+4.7%) from 2022

Net Assets

Up

$5,913,341

Up $889,552 (+18%) from 2022

Liabilities

Up

$25,809,122

Up $529,053 (+2.1%) from 2022

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin83rd percentile

Revenue

Up

$2,962,058

Up $59,285 (+2.0%) from 2022

Expenses

Up

$2,077,475

Up $27,134 (+1.3%) from 2022

Net Income

Up

$884,583

Up $32,151 (+3.8%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2023

Assets$31,722,463
Liabilities$25,809,122
Net Assets$5,913,341
Open 2023 Filing

Operations Trend

Revenue Growth43rd percentile

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

2023

Revenue$2,962,058
Expenses$2,077,475
Net Income$884,583
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 13, 2024
Return Version
2022v5.0
Gross Receipts
$2,962,058
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$7,803,021$8,924,373▲ $1,121,352
Accounts Receivable$175,176$1,102,982▲ $927,806
Savings and Temporary Cash Investments$197,186$209,519▲ $12,333
Land, Buildings, and Equipment, Net$292,390$201,374▼ $91,016
Prepaid Expenses and Deferred Charges$56,631$-65,414▼ $122,045
Total Assets$30,303,858$31,722,463▲ $1,418,605
Other Assets Total$21,779,454$21,349,629▼ $429,825
Liabilities
Mortgage Notes Payable Secured by Investment Property$23,131,934$22,472,138▼ $659,796
Accounts Payable and Accrued Expenses$1,532,261$2,431,683▲ $899,422
Other Liabilities$615,874$905,301▲ $289,427
Total Liabilities$25,280,069$25,809,122▲ $529,053
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,023,789$5,913,341▲ $889,552
Total Net Assets Fund Balance$5,023,789$5,913,341▲ $889,552
Total Liabilities and Net Assets / Fund Balance$30,303,858$31,722,463▲ $1,418,605

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$201,374$804,107-
Other Assets Org$492,851--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Tanesha StewardPresident
Chaouki AbdallahTrustee
Christopher AugostiniTrustee
Lanny Liebeskind PhdTrustee
Mike ShannonTrustee
Steven MclaughlinTrustee
Kelly FoxFormer Trust
Melinda SimonSecretary
Michael WilliamsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,954,604
Program Service Revenue
$0
Investment Income
$7,454
Other Revenue
$0
All Other Contributions
$2,954,604
Change in Net Assets
$884,583

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,962,058
Total Revenue per Audited Statements
$2,962,058
Total Revenue per Form 990
$2,962,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,631,427
Salaries, Compensation, and Employee Benefits$446,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$864,372--$864,372
Occupancy$358,295--$358,295
Other Salaries and Wages$327,393--$327,393
Depreciation Depletion$91,017--$91,017
Pension Plan Contributions$65,276--$65,276
Insurance$29,030$6,126-$35,156
Information Technology$34,135--$34,135
Fees for Services Accounting-$30,801-$30,801
Other Employee Benefits$29,481--$29,481
Payroll Taxes$23,898--$23,898
Other Expenses$12,500--$12,500
Office Expenses$12,258--$12,258
Fees for Services Legal$3,202--$3,202
Total Functional Expenses$2,040,548$36,927$0$2,077,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,077,475
Total Expenses per Audited Statements$2,077,475
Total Expenses per Form 990$2,077,475
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$573,415
Deferred Dir. Financing Lease Paymt$296,095
Deferred Contract Revenue$35,791
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Michael Williamson
Title
Treasurer
Phone
4047273556
Signed
2024-05-13

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.”

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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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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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0C
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IRS990/WebsiteAddressTxt0LIBRARYSERVICECENTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL WILLIAMSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04047273556
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-13
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOMKIEWICZ WRIGHT LLC
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ReturnHeader/PreparerPersonGrp/PhoneNum07703510411
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN NELSON
ReturnHeader/ReturnTs02024-05-14T16:16:51-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILLIAMSON
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,722,463
Liabilities
$25,809,122
Net assets
$5,913,341
Revenue
$2,962,058
Expenses
$2,077,475
Net income
$884,583
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