Georgia Tech Applied Research Corporation

Overview

Mission

The Georgia tech applied research corporation (gtarc) is organized and operated to support the research activities of the Georgia institute of technology in the areas of innovative research, technical assistance and economic development.

What it reported doing in 2024

The Georgia institute of technology research activity is supported by the Georgia tech applied research corporation which consists of research programs for government agencies. Payments and reimbursement of expenses and grants to and for the benefit of Georgia institute of technology have been made. The Georgia tech applied research corporation is organized and operated exclusively for the benefit of the Georgia institute of technology which is a unit of the university system in the state of Georgia.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
582374837
IRS 990 coverage
2009–2024
Official website data refreshed
Jun 2026
Forms available
Form 990 2024
Headquarters
Atlanta, GA, United States
Phone
+1 404-894-2000
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 68
  • Accountability: 77
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.5%; rating input score 100
  • Program expense ratio: 99.3%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.9%; rating input score 77; 24th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.2%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.83; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 11.1% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 14.3% per year; rating input score 100; 84th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 99.5% of revenue deployed · 99.3% of spending went to programs
  • Governance: 10 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $981.1M in reported program spending
  • Leadership: top reported pay $685K · 33 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $931.5M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

33 people listed

Highest reported compensation

  • JAMES HUDGENS (SECRETARY): $685,302 total reported compensation
  • SHANTAY BOLTON (TRUSTEE): $564,359 total reported compensation
  • CHAOUKI ABDALLAH (PRESIDENT (THRU 09/24)): $471,736 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.