2022-05-06T10:32:29-05:00 2021-06-30 742516372 REYNOLDS & FRANKE PC 6850 AUSTIN CENTER BLVD SUITE 100 AUSTIN TX 78731 990 2020-07-01 742958842 TEXAS RETIRED TEACHERS FOUNDATION TEXA 5124761622 313 E 12TH STREET NO 200 AUSTIN TX 787011957 TIM LEE STATE COORDINATOR 5124761622 2022-05-06 1 TIM LEE 999009999 RONALD H REYNOLDS P00964479 5122063141 2022-05-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIM LEE 313 E 12TH STREET NO 200 AUSTIN TX 787011957 743288 0 X WWW.TRTF.ORG X 2000 TX TO PROVIDE RESOURCES THAT CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR RETIRED TEACHERS. 9 9 0 150 93706 0 314475 644764 0 0 7213 4658 145878 93866 467566 743288 72604 194736 0 0 50400 50400 0 0 17188 46213 241182 169217 486318 298349 256970 657162 910178 150200 148465 506962 761713 X TO PROVIDE RESOURCES & PROGRAMMING THAT CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR RETIRED TEACHERS AND TO BE RECOGNIZED AS A LEADER IN PROVIDING USEFUL SERVICES TO RETIRED TEXAS TEACHERS & SCHOOL PERSONNEL. 1 0 201469 THE TRTF TUTOR PROGRAM IS AN ONLINE SERVICE THAT MATCHES RETIRED TEXAS PUBLIC-SCHOOL TEACHERS WITH STUDENTS AND THEIR FAMILIES, AS WELL AS SCHOOL DISTRICTS THAT NEED TUTORING SERVICES AND EDUCATIONAL SUPPORT. 55909 55909 TO PROVIDE SCHOLARSHIP GRANTS AND OTHER FORMS OF EDUCATIONAL ASSISTANCE. 138826 138826 THE TRTF DISASTER RELIEF FUND PROVIDES ASSISTANCE TO RETIREES AND ACTIVE EDUCATORS STRUGGLING FINANCIALLY AFTER NATURAL DISASTERS OCCUR IN TEXAS, SUCH AS HURRICANES OR OTHER WIDESPREAD PHENOMENA. 53541 TO EDUCATE THE MEMBERS OF TRTA REGARDING THE BENEFITS OF GIVING AND PHILANTHROPY. 53541 449745 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 5 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ROSALIND P JOHNSON 5124761622 313 E 12TH STREET NO 200 AUSTIN TX 787011957 MARY NELL SHORT PRESIDENT 1.00 X X 0 0 0 RONNIE JUNG VICE PRESIDENT 1.00 X X 0 0 0 LYNN GRANZIN SECRETARY/TREASURER 1.00 X X 0 0 0 BILL BARNES MEMBER 1.00 X 0 0 0 MARIDELL FRYAR MEMBER 1.00 X 0 0 0 MARY JANE HAMILTON MEMBER 1.00 X 0 0 0 CARLA MEUTH MEMBER 1.00 X 0 0 0 ELVA GARCIA MEMBER 1.00 X 0 0 0 JESSE RAMOS MEMBER 1.00 X 0 0 0 BRENDA RITTER MEMBER 1.00 X 0 0 0 TIM LEE STATE COORDINATOR 10.00 30.00 X 18000 348675 43611 18000 348675 43611 0 0 1 0 0 644764 644764 4658 4658 PARTNERSHIP INC/LOSS 900099 93866 93706 160 93866 743288 0 93706 4818 X 194736 194736 18000 14400 1800 1800 32400 25920 3240 3240 7200 5040 720 1440 7430 7430 5735 930 1440 3365 8318 4392 832 3094 485 485 3600 2340 540 720 3383 3383 TUTOR PROGRAM 201469 201469 PRINTING 3417 3417 PROMOTIONS 112 112 GRANT ADMIN EXPENSE 33 33 486318 449745 19385 17188 138547 214430 458100 541465 140915 140915 2651 2657 88746 49841 39801 38905 -123415 -28757 563 563 657162 910178 8628 7550 141572 140915 150200 148465 X 403213 572579 103749 189134 506962 761713 657162 910178 X 256970 -3011 792 X 0 1 X 1 0 X 154143 368264 181477 314475 644764 1663123 10402 10402 154143 378666 181477 314475 644764 1673525 5020 104765 5197 2620 7446 125048 0 5020 104765 5197 2620 7446 125048 1548477 19123 14058 11942 25718 4818 75659 19123 14058 11942 25718 4818 75659 173266 392724 193419 340193 649582 1749184 0.88530 0.83060 0.04330 0.07070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 355825 81718 1079 438622 212043 133387 10395 355825 162149 47714 2180 212043 123130 37483 1536 162149 10806 112200 124 123130 0.79220 0.20780 0 0 13702 7574 6128 10518 8564 1954 64526 33703 30823 38905 LOAN FROM TRTA 140915 140915 X 745869 -3011 4800 792 2581 743288 0 743288 491118 4800 4800 486318 0 486318 PART V, LINE 4: THE SPENDING POLICY OF THE LEHR-PRITCHARD ENDOWMENT FUND IS BASED ON A FORMULA DEVELOPED BY THE FOUNDATION'S BOARD OF TRUSTEES WHICH DETERMINES THE SPENDABLE AMOUNT OF THE FUND FOR ANY FISCAL YEAR. ONCE THE ENDOWMENT REACHES THE $200,000 THRESHOLD, EARNINGS NET OF INVESTMENT EXPENSES UP TO 4% ON AN ANNUAL BASIS WILL BE DISTRIBUTED TO THE "A HELPING HAND RESTRICTED ACCOUNT" FOR USE BY THE BOARD OF TRUSTEES TO FUND THE NEEDS OF THE "A HELPING HAND" PROGRAM. EARNINGS IN EXCESS OF 4% DURING ANY GIVEN YEAR WILL BE RETAINED IN THE ENDOWMENT AND WILL BECOME A PERMANENT PART OF THE CORPUS OF THE ENDOWMENT AND WILL BE REFLECTED AS BOARD-DESIGNATED FUNDS. DURING FISCAL YEAR ENDED JUNE 30, 2021, THE FOUNDATION RECEIVED AN ADDITIONAL $4,261 OF PERMANENT DONOR CONTRIBUTIONS AND EARNED $1,079 OF INTEREST. THESE PERMANENT DONOR CONTRIBUTIONS ALONG WITH THE EARNED INTEREST HAVE BEEN REFLECTED AS PERMANENTLY RESTRICTED NET ASSETS AT JUNE 30, 2021. PART X, LINE 2: THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND IT'S DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE FOUNDATION PARTICIPATED IN ACTIVITIES IN WHICH THE INTERNAL REVENUE SERVICE (IRS) CONSIDERS TO BE "BUSINESS INCOME" UNRELATED TO FOUNDATION'S TAX EXEMPT STATUSES. A PORTION OF THE PROFIT FROM THESE ACTIVITIES IS SUBJECT TO FEDERAL INCOME TAXES. FOR THE FISCAL YEARS ENDED JUNE 30, 2021 AND 2020, THE FOUNDATION UTILIZED ITS NET OPERATING LOSS CARRYFORWARDS TO OFFSET UNRELATED BUSINESS INCOME TAXES. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: PARTNERSHIP INCOME (TAX BASIS) 792. 1 BEGINNING TEACHER SCHOLARSHIP 22 16500 CLASSROOM TEACHERS GRANT 48 24000 HELPING HAND GRANT 24 12014 DISASTER RELIEF FUND 532 138826 OUR COMMUNITY OUR SCHOOL 7 3395 PART I, LINE 2: BEGINNING TEACHER SCHOLARSHIP - EACH YEAR THE BOARD VOTES ON HOW MANY SCHOLARSHIPS TO AWARD TO NEW TEACHERS. APPLICANTS SUBMIT AN APPLICATION AND THE APPLICATION IS REVIEWED BY THE ASSIGNED COMMITTEE. RECIPIENTS MUST PROVIDE PROOF OF EMPLOYMENT BEFORE AWARD IS GRANTED. DISBURSEMENTS ARE CLASSIFIED BY PROGRAM IN THE GENERAL LEDGER. HELPING HANDS - HELPING HANDS GRANTS PROVIDE PUBLIC EDUCATION RETIREES WITH CHARITABLE ASSISTANCE FOR A ONE-TIME SPECIAL NEED OR OTHER SHORT-TERM HARDSHIP. RECIPIENTS INCLUDE ANYONE WHO IS RECEIVING OR IS ELIGIBLE TO RECEIVE AN ANNUITY FROM THE TEACHER RETIREMENT SYSTEM OF TEXAS (TRS). RECIPIENTS SUBMIT AN APPLICATION FOR NEED AND THE APPLICATION IS REVIEWED BY THE HELPING HANDS COMMITTEE. DISBURSEMENTS ARE CLASSIFIED BY PROGRAM IN THE GENERAL LEDGER. CLASSROOM TEACHERS GRANT - TRTF'S CLASSROOM ASSISTANCE GRANT PROGRAM HELPS TEACHERS IMPROVE THE LEARNING ENVIRONMENT FOR STUDENTS BY GIVING GRANT FUNDS TOWARDS PROJECTS, LEARNING PLATFORMS, SOFTWARE, AND MUCH MORE. EACH YEAR THE BOARD VOTES ON HOW MANY SCHOLARSHIPS TO AWARD. APPLICANTS SUBMIT AN APPLICATION AND THE APPLICATION IS REVIEWED BY THE ASSIGNED COMMITTEE. DISBURSEMENTS ARE CLASSIFIED BY PROGRAM IN THE GENERAL LEDGER. DISASTER RELIEF GRANT - AS TEXAS DISASTERS OCCUR, THE BOARD VOTES TO ISSUE OUT EMERGENCY GRANTS TO TEACHER RETIREMENT SYSTEM OF TEXAS ANNUITANTS. APPLICANTS SUBMIT AN APPLICATION AND THE APPLICATION IS REVIEWED BY THE ASSIGNED COMMITTEE. DISBURSEMENTS ARE CLASSIFIED BY PROGRAM IN THE GENERAL LEDGER. OUR COMMUNITY OUR SCHOOL - BENEFITS TEXAS PUBLIC HIGH SCHOOL GRADUATES WHO ARE NOMINATED BY A COMMUNITY LEADER AND WHO ARE PURSUING AN UNDERGRADUATE DEGREE AT A UNITED STATES UNIVERSITY OR COLLEGE. THE STUDENT MUST DEMONSTRATE EXEMPLARY PERFORMANCE IN THEIR HIGH SCHOOL CAREER THROUGH THEIR GRADES, EXTRACURRICULAR ACTIVITES, AND/OR COMMUNITY SERVICE AND MUST DEMONSTRATE FINANCIAL NEED. PROVIDED FUNDS WILL HELP THE APPLICANT PURCHASE MATERIALS FOR COLLEGE INCLUDING BUT NOT LIMITED TO ELECTRONICS, CLOTHING, SCHOOL SUPPLIES, AND BOOKS. APPLICANTS SUBMIT AN APPLICATION AND THE APPLICATION IS REVIEWED BY THE ASSIGNED COMMITTEE. DISBURSEMENTS ARE CLASSIFIED BY PROGRAM IN THE GENERAL LEDGER. X X X 0 0 0 0 0 0 0 0 0 TIM LEE STATE COORDINATOR 18000 348675 0 0 0 0 0 27894 0 15717 18000 392286 0 0 FORM 990, PART III, LINE 2 THE TRTF TUTOR PROGRAM IS AN ONLINE SERVICE THAT MATCHES RETIRED TEXAS PUBLIC-SCHOOL TEACHERS WITH STUDENTS AND THEIR FAMILIES, AS WELL AS SCHOOL DISTRICTS THAT NEED TUTORING SERVICES AND EDUCATIONAL SUPPORT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES WITH THE PREPARING CPA. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES APPROVES THE COMPENSATION OF THE STATE COORDINATOR DURING THE ANNUAL BUDGET PROCESS. THE COMPENSATION IS BASED ON THE TIME AND EFFORT RELATED TO FOUNDATION BUSINESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 7 EXPLANATION: THE AMOUNT REPORTED ON FORM 990, PART IX, LINE 7 REPRESENTS AN ALLOCATION OF THE TIME TEXAS RETIRED TEACHERS ASSOCIATION'S EMPLOYEES SPEND ON FOUNDATION MATTERS. TEXAS RETIRED TEACHERS FOUNDATION HAS NO EMPLOYEES OF ITS OWN. FORM 990, PART XI, LINE 9: PARTNERSHIP INCOME (TAX BASIS) 792. TEXAS RETIRED TEACHERS ASSOCIATION 313 E 12TH STREET SUITE 200 AUSTIN TX 78701 510141585 PROMOTE THE WELL-BEING OF RETIRED TEACHERS TX 501(C)(4) 0 TWELFTH STREET LIMITED 313 EAST 12TH STREET STE 250 AUSTIN TX 78701 030494855 RENTAL REAL ESTATE TX TEXAS RETIRED TEACHERS FOUNDATION UNRELATED 93866 464113 0 0 0.70000 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 TEXAS RETIRED TEACHERS ASSOCIATION O 32400 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION M 7200 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION P 16949 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION C 15250 ACTUAL CASH