2025-07-08T08:49:17-05:00 2024-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-09-01 756043842 TEXAS TECH FOUNDATION INC TEXA 8067429000 PO BOX 45025 LUBBOCK TX 79409 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 8067429000 2025-07-07 1 0 MATT R WILLIS P00419741 8067473806 2025-07-07 X 2023 2025-03-06 01:10:19Z PATRICK KRAMER PO BOX 45025 LUBBOCK TX 79409 124070625 0 X WWW.GIVE2TECH.COM/FOUNDATION X 1939 TX ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM. 33 33 0 53 0 0 99440061 82141972 0 0 10402526 10281022 305691 275846 110148278 92698840 94571903 120355636 0 0 0 0 0 0 264251 2435731 2399989 97007634 122755625 13140644 -30056785 890446404 938095082 4801636 5106534 885644768 932988548 X SEE SCHEDULE O. 0 0 120355636 120355636 THE ORGANIZATION WAS FOUNDED TO FUNCTION AS A CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS GIVEN FOR THE ACTIVITIES AND PROGRAMS RELATED TO THE MISSION, ROLE, AND SCOPE OF THE TEXAS TECH UNIVERSITY SYSTEM. DURING 2023-2024 THE FOUNDATION TRANSFERRED $120,303,636 TO THE TEXAS TECH UNIVERSITY SYSTEM AND AFFILIATED FOUNDATIONS. IT ALSO AWARDED 1 SCHOLARSHIP. 120355636 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 33 33 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK CO FL ME MD MA MI NH OH SC TN WA WV X TEXAS TECH UNIVERSITY SYSTEM 8067429000 1508 KNOXVILLE AVE LUBBOCK TX 79409 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 1.00 X X 0 367867 37110 KIMBERLY C FORD CHAIRMAN 3.00 X X 0 0 0 TIM LANCASTER VICE CHAIRMAN 5.00 X X 0 0 0 JUAN NEVAREZ SECRETARY 3.00 X X 0 0 0 JAMES MAULDIN TREASURER 1.00 X X 0 426273 40107 STEVE GRAY DIRECTOR 2.00 X 0 0 0 J PAT HICKMAN DIRECTOR 0.25 X 0 0 0 MICHAEL F OWEN MD DIRECTOR 5.00 X 0 0 0 JACK RENTZ DIRECTOR 1.00 X 0 0 0 JIM SKINNER DIRECTOR 2.00 X 0 0 0 BEN STRIBLING DIRECTOR 1.00 X 0 0 0 ROBERT TAYLOR JR DIRECTOR 8.00 X 0 0 0 LESLIE WARD DIRECTOR 1.00 X 0 0 0 DENNIS KRUSE DIRECTOR 1.00 X 0 0 0 RANDY MORRIS DIRECTOR 2.00 X 0 0 0 CHRISTI QUINN DIRECTOR 1.50 X 0 0 0 BRADLEY BOUMA DIRECTOR 2.00 X 0 0 0 KYLE MCGRAW DIRECTOR 1.00 X 0 0 0 HOLLAND O'NEAL DIRECTOR 0.25 X 0 0 0 BEN STRICKLING DIRECTOR 1.00 X 0 0 0 SCOTT WISNIEWSKI DIRECTOR 1.00 X 0 0 0 CHERRY WRIGHT DIRECTOR 4.00 X 0 0 0 DAVID ALDERSON DIRECTOR 1.00 X 0 0 0 WALT CATHEY DIRECTOR 1.00 X 0 0 0 ROBERT L DUNCAN DIRECTOR 1.00 X 0 0 0 BARRY STREET DIRECTOR 1.00 X 0 0 0 TIM WINN DIRECTOR 1.00 X 0 0 0 BARNEY ADAMS DIRECTOR 1.00 X 0 0 0 JOE J PARKER JR DIRECTOR 3.00 X 0 0 0 GERALD G DIXON DIRECTOR 1.00 X 0 0 0 GORDON DAVIS DIRECTOR 1.00 X 0 0 0 DAVID COPELAND DIRECTOR 1.00 X 0 0 0 DAVID KING DIRECTOR 1.00 X 0 0 0 LANNY LAYMAN DIRECTOR 0.50 X 0 0 0 KEVIN NELSON DIRECTOR 1.00 X 0 0 0 0 794140 77217 0 0 1 0 ZURI GROUP 328 NW BOND ST BEND OR 97703 CONSULTING & IMPLEMENTATION SERVICES 1128010 SALESFORCE 12030 SUNRISE VALLEY DR STE 150 RESTON VA 20191 SOFTWARE AS A SERVICE 255502 AFFINQUEST TECHNOLOGIES LLC 415 MISSION ST FL 3 SAN FRANCISCO CA 94105 SOFTWARE AS A SERVICE 210500 BLACKBAUD PO BOX 844827 BOSTON MA 02284 SOFTWARE AS A SERVICE 177900 4 X 716280 81425692 15821966 82141972 41222642 41222642 247029 247029 17237 0 17237 17237 17237 30941620 -30941620 -30941620 -30941620 441745 716280 430165 11580 11580 92698840 0 0 10556868 120354636 120354636 1000 1000 79171 79171 630000 630000 119194 119194 263123 8336 254787 118578 118560 18 106108 106108 98 98 61472 61472 9446 9446 41 41 102659 102659 325547 325547 RENTALS & LEASES 446296 446296 MATERIALS & SUPPLIES 50915 50915 PRINTING & REPRODUCTION 44220 44220 COMMUNICATION 25812 25812 17309 17309 122755625 120355636 2135738 264251 2261571 937107 74948599 67784993 534 592 6898 6898 6500 6000 2854593 169169 2604905 2685424 720791160 762546217 75254882 87475878 14571355 16651973 890446404 938095082 112586 7649 4689050 5098885 4801636 5106534 X 6072036 6878057 879572732 926110491 885644768 932988548 890446404 938095082 -30056785 77400565 0 X X 0 1 X 1 0 X 61661312 65222025 116183868 99440061 82141972 424649238 61661312 65222025 116183868 99440061 82141972 424649238 32114227 392535011 31774189 32571037 35648055 39150019 41486908 180630208 605279446 1078962 0.64850 0.67100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180000 450000 630000 122125625 122755625 1000000 250000 0 0 1000000 1000000 2000000 3000000 221162 630000 851162 250000 250000 500000 750000 150000 180000 221162 180000 731162 764921603 26332442 84701887 40980752 834975180 743055718 25086925 34908992 38130032 764921603 728238846 57081957 -7451054 34814031 743055718 576940849 22437757 160601277 31741037 728238846 569518004 27872704 10357778 30807637 576940849 0.00990 0.99000 0.00010 0 0 429626 429626 2424967 169169 2255798 2685424 81620123 F INVESTMENTS HELD BY BROKERS 5704149 F EQUITY INVESTMENTS 151606 F 87475878 176681812 77400565 6152242 430165 83982972 92698840 0 92698840 129338032 6152242 430165 6582407 122755625 0 122755625 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE FUNDS FOR THE ADMINISTRATION OF TEXAS TECH UNIVERSITY, THE TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER, ANGELO STATE UNIVERSITY AND TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO. THE ENDOWMENT FUNDS ALSO PROVIDE SCHOLARSHIPS FOR THE STUDENTS WHO ATTEND THESE SCHOOLS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B 430,165. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B 430,165. SPRING ROUNDUP 380196 183154 197042 1025 21241 40038 PICKERING GOLF TOURNAMENT 177400 112740 64660 7425 15900 49828 10 600429 420386 180043 862 22660 152182 45943 73061 1158025 716280 441745 862 31110 189323 45943 162927 430165 11580 1 TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 STATE OF TEXAS 120303636 0 TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM. SPELMAN COLLEGE 350 SPELMAN LANE SW BOX 1303 ATLANTA GA 30314 580566243 501(C)(3) 50000 0 ORIGINAL PURPOSE OF GRANT WAS TO START AN ENDOWMENT IN THE BLACK CULTURAL CENTER AT TTU, HOWEVER, DUE TO THE PASSING OF TEXAS SENATE BILL 17, THE FUNDS WERE REQUESTED TO BE TRANSFERED BY THE ORIGINAL DONOR TO SPELMAN COLLEGE. 2 0 PART I, LINE 2: THE ORGANIZATION'S PURPOSE IS TO PROVIDE FUNDS TO THE TEXAS TECH UNIVERSITY SYSTEM FOR SCHOLARSHIPS AND ADMINISTRATION OF THE UNIVERSITY. THE UNIVERSITY AWARDS THE SCHOLARSHIPS TO THE STUDENTS AND THEN MONITORS THE SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 JAMES MAULDIN TREASURER 0 395833 0 0 0 30440 0 32072 0 8035 0 466380 0 0 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 0 367147 0 0 0 720 0 22440 0 14670 0 404977 0 0 X 13 160429 INSURANCE VALUATION X 80 2747773 AVG HIGH/LOW X 1 370000 INDEPENDENT APPRAISAL X 1 11910000 INDEPENDENT APPRAISAL X ASTONOMY EQUIPMENT 9 633764 INDEPENDENT APPRAISA 0 1 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY: - POSITIONING TEXAS TECH UNIVERSITY SYSTEM AS AN INSTITUTION OF DISTINCTION; - RAISING FUNDS ON BEHALF OF THE UNIVERSITIES AND HEALTH SCIENCES CENTERS; - STEWARDSHIP OF FUNDS, CARING FOR DONORS, AND REPORTING ON GIFTS AND ENDOWMENTS; - A PARTNERSHIP APPROACH WITH THE BOARD OF REGENTS ON INVESTMENT AND OVERSIGHT; - AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOL PROGRAMS, AND CAMPUSES OF THE TEXAS TECH UNIVERSITY SYSTEM. THE FOUNDATION WAS FORMED TO SEEK AND OBTAIN GIFTS FOR THE INSTITUTIONS; TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY OF ANY TYPE GIVEN TO THE INSTITUTIONS OR FOR THE BENEFIT OF THE INSTITUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF THE INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 3 TEXAS TECH UNIVERSITY PROVIDES THE FOUNDATION WITH ACCOUNTING AND FUND RAISING SERVICES, PERSONNEL, AND FACILITIES TO CONDUCT THE FOUNDATION'S BUSINESS. ALL ARE PROVIDED AT NO COST TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE AUDIT COMMITTEE PRIOR TO SUBMISSION. THE AUDIT COMMITTEE WILL HAVE AN OPPORTUNITY TO ASK QUESTIONS OR RECOMMEND CHANGES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN OFF THAT THEY WILL COMPLY. EACH BOARD MEMBER IS REQUIRED TO BRING TO THE ATTENTION OF THE ENTIRE BOARD ANY POTENTIAL CONFLICTS AND EXCUSE THEMSELVES FROM ANY VOTES WHERE A CONFLICT, OR THE APPEARANCE OF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICE LOCATED IN LUBBOCK, TEXAS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL PROVIDE A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANYONE REQUESTING A COPY. THESE ITEMS ARE AVAILABLE TO THE PUBLIC AT THE FOUNDATION'S OFFICES IN LUBBOCK, TX. FORM 990, PART VIII, LINE 7 THE INVESTMENTS OF THE FOUNDATION ARE COMINGLED WITH THE INVESTEMENTS OF THE UNIVERSITY TO REALIZE THE BENEFITS OF HIGHER LONG-TERM INVESTMENT RETURNS, GREATER PORTFOLIO DIVERSITY AND LOWER INVESTMENT MANAGEMENT COSTS. DUE TO THIS INVESTMENT STRUCTURE THERE IS NOT ENOUGH INFORMATION TO REPORT THE GROSS PROCEEDS AND COST RELATED TO THE SALE OF INVESTMENTS. ONLY THE NET GAIN OR LOSS FROM THE INVESTMENT FUND ARE REPORTED TO THE FOUNDATION. AS SUCH THE FOUNDATION IS REPORTING THE NET LOSS ON LINE 7B. FORM 990, PART XII, LINE 2C THE FOUNDATION'S BOARD ASSIGNS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. TTFI HOLDINGS LLC PO BOX 45025 LUBBOCK TX 79409 756043842 ACCEPTANCE AND MANAGEMENT OF GIFTS TO TEXAS TECH UNIVERSITY DE 0 2424967 TEXAS TECH FOUNDATION INC TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 INSTITUTION OF HIGHER LEARNING TX 501(C)(3) LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TEXAS TECH UNIVERSITY SYSTEM B 120303636 CASH TEXAS TECH UNIVERSITY SYSTEM O 5944775 ALLOCATION BASED ON TIME TEXAS TECH UNIVERSITY SYSTEM N 207467 ALLOCATION BASED ON TIME