Georgia Research Alliance Inc
- Assets
- $8.9m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 58-1901815
Organization Overview
Georgia Research Alliance Inc is located in Atlanta, GA. The organization was established in 1991. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Georgia Research Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Research Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Georgia Research Alliance Inc generated $14.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $14.8m during the year ending 06/2022. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Georgia Research Alliance Inc has awarded 119 individual grants totaling $46,898,816. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ALLOW BUSINESS, RESEARCH UNIVERSITIES AND STATE GOVERNMENT TO COLLABORATE TO BUILD A TECHNOLOGY-DRIVEN ECONOMY FUELED BY INNOVATIVE UNIVERSITY RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRA HELPS ATTRACT THE WORLD'S PRE-EMINENT SCIENTISTS TO LEAD EXTRAORDINARY PROGRAMS OF RESEARCH AND DEVELOPMENT AT AFFILIATED GEORGIA RESEARCH UNIVERSITIES. THESE PROGRAMS OFTEN LEAD TO NEW DISCOVERIES IN SCIENCE AND TECHNOLOGY.
GRA SUPPORTS NEW COMPANIES THAT BRING PRODUCTS AND TECHNOLOGIES TO MARKET BY INVESTING IN THE UNIVERSITY TECHNOLOGY NEEDED TO ADVANCE THE COMPANY'S INVENTION IN THE EARLIEST STAGES. GRA VENTURES IS GRA'S SIGNATURE TECHNOLOGY COMMERCIALIZATION PROGRAM. LAUNCHED IN 2002, GRA VENTURES HELPS BUILD HIGH-GROWTH COMPANIES AROUND LABORATORY DISCOVERIES AT GRA'S PARTNER UNIVERSITIES. GRA VENTURES SEEKS OUT UNIVERSITY-BASED RESEARCH INNOVATIONS, EVALUATES THEIR COMMERCIAL POTENTIAL AND PROVIDES RESOURCES TO ADDRESS THE MANAGEMENT, MARKET AND TECHNOLOGY RISKS THAT COME WITH NEW VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr David Ratcliffe Chair | OfficerTrustee | 0 | $0 |
Mr Charles Pete H Mctier Secretary/treasurer | OfficerTrustee | 0 | $0 |
Susan G Shows President | Officer | 40 | $311,539 |
Amy L Todd Business Manager | 40 | $194,142 | |
Mr Kevin Blair Trustee | Trustee | 0 | $0 |
Dr Angel Cabrera Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Baxter Communications Consultant | 6/29/21 | $142,047 |
J Kurt Jacobus Consultant | 6/29/21 | $135,417 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,999,061 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,380,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,379,805 |
| Total Program Service Revenue | $100,000 |
| Investment income | $24,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,336 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,658,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,035,939 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $364,233 |
| Compensation of current officers, directors, key employees. | $71,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,928 |
| Pension plan accruals and contributions | $14,003 |
| Other employee benefits | $33,360 |
| Payroll taxes | $28,051 |
| Fees for services: Management | $160,572 |
| Fees for services: Legal | $26,255 |
| Fees for services: Accounting | $107,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $122,028 |
| Advertising and promotion | $0 |
| Office expenses | $25,477 |
| Information technology | $37,924 |
| Royalties | $0 |
| Occupancy | $77,010 |
| Travel | $242,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,433 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,156 |
| Insurance | $10,890 |
| All other expenses | $77,219 |
| Total functional expenses | $14,775,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155,939 |
| Savings and temporary cash investments | $6,161,164 |
| Pledges and grants receivable | $809,563 |
| Accounts receivable, net | $306,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,495 |
| Net Land, buildings, and equipment | $8,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $461,136 |
| Total assets | $8,906,485 |
| Accounts payable and accrued expenses | $683,740 |
| Grants payable | $0 |
| Deferred revenue | $3,982,157 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,665,897 |
| Net assets without donor restrictions | $2,767,453 |
| Net assets with donor restrictions | $1,473,135 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,906,485 |
Grants Awarded
Over the last fiscal year, Georgia Research Alliance Inc has awarded $10,060,063 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
EMORY UNIVERSITY PURPOSE: GRA VENTURES GRANTS | $2,294,891 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: GRA VENTURES GRANTS | $3,172,950 |
GEORGIA STATE UNIVERSITY RESEARCH FNDTN PURPOSE: GRA VENTURES GRANTS | $655,000 |
UNIVERSITY OF GEORGIA RESEARCH FOUNDATION PURPOSE: GRA VENTURES GRANTS | $1,720,000 |
AUGUSTA UNIVERSITY PURPOSE: GRA VENTURES GRANTS | $2,024,003 |
KENNESAW STATE UNIVERSITY RESEARCH PURPOSE: GRA VENTURES GRANTS | $68,000 |