Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ADVANCED TECHNOLOGY INTERNATIONAL
Employer identification number
57-1067151
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
No
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
No
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
No
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
(1)
SOUTH CAROLINA RESEARCH AUTHORITY
570736144
9
Yes
Yes
Yes
0
Total
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public Support. Subtract line 5 from line 4.
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ADVANCED TECHNOLOGY INTERNATIONAL
Employer identification number
57-1067151
Identifier
Return Reference
Explanation
FORM 990, PART VI, SECTION A, LINE 3
THROUGH WRITTEN AGREEMENTS BETWEEN ADVANCED TECHNOLOGY INTERNATIONAL (ATI) AND THE RELATED ORGANIZATION SOUTH CAROLINA RESEARCH AUTHORITY (SCRA), ATI HAS DELEGATED CERTAIN MANAGEMENT DUTIES TO THE EMPLOYEES OF SCRA. ATI HAS AN EMPLOYEE LEASE AGREEMENT IN PLACE WITH SCRA WHEREBY ATI LEASES ITS EMPLOYEES FROM SCRA, INCLUDING MANAGEMENT PERSONNEL. SCRA IS THE EMPLOYER AND ASSIGNS THE EMPLOYEES TO ATI THROUGH THE AGREEMENT. THE AGREEMENTS CLEARLY IDENTIFY THE ROLES AND RESPONSIBILITIES OF BOTH ATI AND SCRA.
FORM 990, PART VI, SECTION A, LINE 7A
"4.1 POWER AND COMPOSITION. MANAGEMENT OF ATI SHALL BE VESTED IN A BOARD OF DIRECTORS CONSISTING OF NO LESS THAN SEVEN AND NO MORE THAN NINE DIRECTORS, WITH THE ACTUAL NUMBER THEREOF BEING FIXED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE MEMBERS OF THE BOARD OF DIRECTORS SHALL CONSIST OF: (I) THE CHIEF EXECUTIVE OFFICER OF SCRA WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (II) THE CHIEF FINANCIAL OFFICER OF SCRA WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (III) THE CHIEF OPERATING OFFICER OF SCRA, OR HIS DESIGNEE, WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (IV) THE PRESIDENT OF ATI AND (V) NO LESS THAN THREE AND NO MORE THAN FIVE PERSONS APPOINTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA BASED UPON THE NOMINATIONS SUBMITTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME, WITH SUCH ACTUAL NUMBER SET AT (A) THREE IF THE FULL BOARD IS SET AT SEVEN DIRECTORS, (B) FOUR IF THE FULL BOARD IS SET AT EIGHT DIRECTORS, AND (C) FIVE IF THE FULL BOARD IS SET AT NINE DIRECTORS. WITH RESPECT TO ANY PERSON NOMINATED TO SERVE ON THE BOARD OF DIRECTORS OF ATI PURSUANT TO SECTION 4.1(IV), THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY, WITH OR WITHOUT CAUSE, DECLINE TO APPOINT ANY SUCH NOMINEE, IN WHICH CASE THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME SHALL NOMINATE ANOTHER PERSON FOR SUCH BOARD POSITION, WITH SUCH NOMINATION PROCESS CONTINUING UNTIL A NOMINEE IS APPOINTED. MEMBERS OF THE BOARD SHALL BE ELIGIBLE TO BE APPOINTED AS OFFICERS OF ATI, AND THE PRESIDENT MUST BE A MEMBER OF THE BOARD EXCEPT IN THE CASE OF AN INTERIM PRESIDENT APPOINTED UNDER SECTION 3.3(B). THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY REMOVE ANY MEMBER OF THE BOARD OF DIRECTORS APPOINTED PURSUANT TO SECTION 4.1(V) AT WILL, WITHOUT CAUSE AND WITHOUT NOTICE. 4.2 TERMS OF OFFICE. EACH MEMBER OF THE BOARD OF DIRECTORS NOTED IN SECTION 4.1(I), (II), AND (III) ABOVE SHALL SERVE ON THE BOARD OF DIRECTORS FOR AS LONG AS HE OR SHE SHALL HOLD THE RESPECTIVE POSITION WITH SCRA. EACH MEMBER OF THE BOARD OF DIRECTORS NOTED IN SECTION 4.1(V) SHALL SERVE A TERM OF ONE YEAR OR UNTIL HIS OR HER SUCCESSOR SHALL BE DULY APPOINTED AND QUALIFIED. HOWEVER, THE RESIGNATION OR REMOVAL OF THE PRESIDENT SHALL RESULT IN THE AUTOMATIC RESIGNATION OR REMOVAL OF SUCH PERSON FROM THE BOARD OF DIRECTORS. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL BE ELIGIBLE TO SERVE AN UNLIMITED NUMBER OF CONSECUTIVE TERMS. 4.3 VACANCY. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(I) SHALL BE FILLED, AS NOTED IN SECTION 3.3 ABOVE, BY THE APPOINTMENT BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA OF AN INTERIM SUCCESSOR TO FILL SUCH BOARD POSITION. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1 (II) OR (III) SHALL BE FILLED, AS NOTED IN SECTION 3.3., BY THE APPOINTMENT OF AN INTERIM SUCCESSOR BY THE CHAIRMAN OF THE BOARD TO FILL SUCH BOARD POSITION. ANY APPOINTED INTERIM SUCCESSOR SHALL SERVE ON THE BOARD OF DIRECTORS UNTIL THE SUCCESSOR CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, OR CHIEF OPERATING OFFICER, AS APPROPRIATE, OF SCRA TAKES OFFICE. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(V) SHALL BE FILLED BY THE APPOINTMENT BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA, BASED UPON THE NOMINATION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME, OF A SUCCESSOR TO FILL THE UNEXPIRED TERM. WITH RESPECT TO ANY PERSON NOMINATED BY THE BOARD OF DIRECTORS TO FILL A VACANCY ON THE BOARD INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(V), THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY, WITH OR WITHOUT CAUSE, DECLINE TO APPOINT ANY SUCH NOMINEE, IN WHICH CASE THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME SHALL NOMINATE ANOTHER PERSON FOR SUCH BOARD POSITION, WITH SUCH NOMINATION PROCESS CONTINUING UNTIL A NOMINEE IS APPOINTED."
FORM 990, PART VI, SECTION A, LINE 7B
"4.1 POWER AND COMPOSITION. MANAGEMENT OF ATI SHALL BE VESTED IN A BOARD OF DIRECTORS CONSISTING OF NO LESS THAN SEVEN AND NO MORE THAN NINE DIRECTORS, WITH THE ACTUAL NUMBER THEREOF BEING FIXED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. THE MEMBERS OF THE BOARD OF DIRECTORS SHALL CONSIST OF: (I) THE CHIEF EXECUTIVE OFFICER OF SCRA WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (II) THE CHIEF FINANCIAL OFFICER OF SCRA WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (III) THE CHIEF OPERATING OFFICER OF SCRA, OR HIS DESIGNEE, WHO SHALL BE AN EX OFFICIO MEMBER OF THE BOARD, (IV) THE PRESIDENT OF ATI, AND (V) NO LESS THAN THREE AND NO MORE THAN FIVE PERSONS APPOINTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA BASED UPON THE NOMINATIONS SUBMITTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME, WITH SUCH ACTUAL NUMBER SET AT (A) THREE IF THE FULL BOARD IS SET AT SEVEN DIRECTORS, (B) FOUR IF THE FULL BOARD IS SET AT EIGHT DIRECTORS, AND (C) FIVE IF THE FULL BOARD IS SET AT NINE DIRECTORS. WITH RESPECT TO ANY PERSON NOMINATED TO SERVE ON THE BOARD OF DIRECTORS OF ATI PURSUANT TO SECTION 4.1(IV), THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY, WITH OR WITHOUT CAUSE, DECLINE TO APPOINT ANY SUCH NOMINEE, IN WHICH CASE THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME SHALL NOMINATE ANOTHER PERSON FOR SUCH BOARD POSITION, WITH SUCH NOMINATION PROCESS CONTINUING UNTIL A NOMINEE IS APPOINTED. MEMBERS OF THE BOARD SHALL BE ELIGIBLE TO BE APPOINTED AS OFFICERS OF ATI, AND THE PRESIDENT MUST BE A MEMBER OF THE BOARD EXCEPT IN THE CASE OF AN INTERIM PRESIDENT APPOINTED UNDER SECTION 3.3(B). THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY REMOVE ANY MEMBER OF THE BOARD OF DIRECTORS APPOINTED PURSUANT TO SECTION 4.1(V) AT WILL, WITHOUT CAUSE AND WITHOUT NOTICE. 4.2 TERMS OF OFFICE. EACH MEMBER OF THE BOARD OF DIRECTORS NOTED IN SECTION 4.1(I), (II), AND (III) ABOVE SHALL SERVE ON THE BOARD OF DIRECTORS FOR AS LONG AS HE OR SHE SHALL HOLD THE RESPECTIVE POSITION WITH SCRA. EACH MEMBER OF THE BOARD OF DIRECTORS NOTED IN SECTION 4.1(V) SHALL SERVE A TERM OF ONE YEAR OR UNTIL HIS OR HER SUCCESSOR SHALL BE DULY APPOINTED AND QUALIFIED. HOWEVER, THE RESIGNATION OR REMOVAL OF THE PRESIDENT SHALL RESULT IN THE AUTOMATIC RESIGNATION OR REMOVAL OF SUCH PERSON FROM THE BOARD OF DIRECTORS. EACH MEMBER OF THE BOARD OF DIRECTORS SHALL BE ELIGIBLE TO SERVE AN UNLIMITED NUMBER OF CONSECUTIVE TERMS. 4.3 VACANCY. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(I) SHALL BE FILLED, AS NOTED IN SECTION 3.3 ABOVE, BY THE APPOINTMENT BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA OF AN INTERIM SUCCESSOR TO FILL SUCH BOARD POSITION. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1 (II) OR (III) SHALL BE FILLED, AS NOTED IN SECTION 3.3., BY THE APPOINTMENT OF AN INTERIM SUCCESSOR BY THE CHAIRMAN OF THE BOARD TO FILL SUCH BOARD POSITION. ANY APPOINTED INTERIM SUCCESSOR SHALL SERVE ON THE BOARD OF DIRECTORS UNTIL THE SUCCESSOR CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, OR CHIEF OPERATING OFFICER, AS APPROPRIATE, OF SCRA TAKES OFFICE. ANY VACANCY OCCURRING ON THE BOARD OF DIRECTORS INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(V) SHALL BE FILLED BY THE APPOINTMENT BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA, BASED UPON THE NOMINATION BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME, OF A SUCCESSOR TO FILL THE UNEXPIRED TERM. WITH RESPECT TO ANY PERSON NOMINATED BY THE BOARD OF DIRECTORS TO FILL A VACANCY ON THE BOARD INVOLVING A BOARD POSITION DESIGNATED IN SECTION 4.1(V), THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF SCRA MAY, WITH OR WITHOUT CAUSE, DECLINE TO APPOINT ANY SUCH NOMINEE, IN WHICH CASE THE MEMBERS OF THE BOARD OF DIRECTORS OF ATI WHO ARE SERVING ON THE BOARD AT THAT GIVEN TIME SHALL NOMINATE ANOTHER PERSON FOR SUCH BOARD POSITION, WITH SUCH NOMINATION PROCESS CONTINUING UNTIL A NOMINEE IS APPOINTED."
FORM 990, PART VI, SECTION B, LINE 11
PRIOR TO SUBMISSION TO THE IRS, ATI'S AUDIT COMMITTEE AND CFO/TREASURER REVIEW THE 990 IN DETAIL. THE AUDIT COMMITTEE REPORTS THE RESULTS OF THIS REVIEW TO THE FULL BOARD OF DIRECTORS; AND THE 990 IS MADE AVAILABLE TO THE BOARD PRIOR TO SUBMISSION TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C
ADVANCED TECHNOLOGY INTERNATIONAL (ATI) OFFICERS AND BOARD DIRECTORS ARE REQUIRED TO EXECUTE ANNUALLY AN ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST POLICY AFFIRMING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY FOR ATI OFFICERS AND DIRECTORS AND THE SCRA ETHICS AND COMPLIANCE HANDBOOK. IN ADDITION, EACH DIRECTOR AND OFFICER IS TO COMPLETE, EXPEDITIOUSLY, THE DISCLOSURE OF POTENTIAL SIGNIFICANT CONFLICT OF INTEREST FORM WHEN A SPECIFIC POTENTIAL CONFLICT EXISTS AND DISCLOSE ANY SUCH POTENTIAL CONFLICTS OF INTEREST TO THE GOVERNING BOARD OR COMMITTEE FOR REVIEW. ATI KEY EMPLOYEES ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE FORM IDENTIFYING POTENTIAL AREAS OF CONFLICT WITH SOUTH CAROLINA RESEARCH AUTHORITY'S (SCRA) VP OF HUMAN RESOURCES. KEY EMPLOYEE POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY HR; IF THE INITIAL DETERMINATION CONCLUDES THAT A POTENTIAL FOR CONFLICT OF INTEREST UNDER THE POLICY DOES EXIST, IT IS THEN REFERRED TO ATI'S PRESIDENT OR SCRA'S CEO WHO WILL ENSURE IT IS REVIEWED BY THE ATI BOARD OF DIRECTORS, AND IF DEEMED APPROPRIATE, THE EXECUTIVE COMMITTEE OF THE SCRA BOARD OF TRUSTEES. IN ADDITION ATI AND SCRA HAVE IMPLEMENTED AN ORGANIZATIONAL ETHICS AND COMPLIANCE PROGRAM WHICH APPLIES TO ALL EMPLOYEES AND BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 15
ADVANCED TECHNOLOGY INTERNATIONAL (ATI) IS A FULLY CONTROLLED AFFILIATE OF THE SOUTH CAROLINA RESEARCH AUTHORITY (SCRA). COMPENSATION FOR ATI'S EMPLOYEES (WHO ARE LEASED FROM SCRA), INCLUDING THAT OF OFFICERS AND KEY EMPLOYEES, IS SET BY THE PERFORMANCE AND COMPENSATION COMMITTEE OF THE SCRA BOARD OF TRUSTEES. SCRA ENGAGES AN INDEPENDENT CONSULTANT WHO ADVISES THE SCRA PERFORMANCE AND COMPENSATION COMMITTEE REGARDING COMPARABLE INDUSTRY COMPENSATION INFORMATION FOR THE OFFICERS AND KEY EMPLOYEES OF ATI. COMPENSATION IS REVIEWED BY THE COMMITTEE TWICE ANNUALLY; REVIEWS INCLUDE BENCHMARKING AGAINST INDUSTRY DATA TO ENSURE COMPETITIVENESS AND REASONABLENESS OF COMPENSATION AT ALL LEVELS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 18
THE ORGANIZATION MAKES ITS FORMS 1023 AND 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART VI, SECTION C, LINE 19
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND DETAILED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
OVERSIGHT OF AUDIT:
FORM 990, PART XI, LINE 2C
THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.
DESCRIPTION OF ORGANIZATION'S MISSION:
FORM 990, PART I AND PART III, LINE 1
ADVANCED TECHNOLOGY INTERNATIONAL (ATI) IS TO BE FORMED FOR SCIENTIFIC, EDUCATIONAL, AND/OR CHARITABLE PURPOSES, AND/OR FOR THE PURPOSE OF LESSENING THE BURDENS OF GOVERNMENT, WITHIN THE MEANING OF IRC SECTION 501(C)(3) AND IN THIS CONNECTION: (A) TO PROMOTE SCIENTIFIC, EDUCATIONAL AND CHARITABLE ENDEAVORS, AND ENDEAVORS DIRECTED AT LESSENING THE BURDENS OF GOVERNMENT. (B) TO TAKE AND HOLD BY BEQUEST, DEVISE, GIFT, GRANT, PURCHASE, LEASE OR OTHERWISE ANY PROPERTY, REAL, PERSONAL, TANGIBLE OR INTANGIBLE, OR ANY UNDIVIDED INTEREST THEREIN, WITHOUT LIMITATION AS TO AMOUNT OR VALUE; TO SELL, CONVEY, OR OTHERWISE DISPOSE OF ANY SUCH PROPERTY AND ANY INTEREST THEREIN AND TO INVEST, REINVEST, OR DEAL WITH THE PRINCIPAL OR THE INCOME THEREOF IN SUCH MANNER AS, IN THE JUDGMENT OF THE DIRECTORS, WILL BEST PROMOTE THE PURPOSES OF THE INSTITUTE WITHOUT LIMITATION, EXCEPT SUCH LIMITATIONS, IF ANY, AS MAY BE CONTAINED IN THE INSTRUMENT UNDER WHICH SUCH PROPERTY IS RECEIVED, ATI'S ARTICLES OF INCORPORATION, THE BYLAWS OF ATI, OR ANY LAWS APPLICABLE THERETO. (C) TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS DIRECTORS OR OFFICERS EXCEPT AS PERMITTED UNDER THE LAWS OF SOUTH CAROLINA RELATING TO NON-PROFIT CORPORATIONS. IN FURTHERANCE OF ITS CORPORATE PURPOSES, ATI SHALL HAVE ALL GENERAL POWERS ENUMERATED IN THE SOUTH CAROLINA NONPROFIT CORPORATION ACT OF 1994 (OR THE CORRESPONDING PROVISION OF ANY SUBSEQUENT LAW).
FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES
THROUGH WRITTEN AGREEMENTS BETWEEN ADVANCED TECHNOLOGY INTERNATIONAL (ATI) AND THE RELATED ORGANIZATION SOUTH CAROLINA RESEARCH AUTHORITY (SCRA), SCRA HAS AGREED TO PROVIDE VARIOUS SUPPORT SERVICES AND INFRASTRUCTURE TO ATI WHICH ARE CHARGED TO ATI THROUGH INTERCOMPANY ALLOCATIONS. THE ALLOCATIONS ON PART IX REPRESENT THE EXPENSES INCURRED BY SCRA ON BEHALF OF ATI.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.