2021-03-24T09:40:57-05:00 2020-06-30 742516372 REYNOLDS & FRANKE PC 6850 AUSTIN CENTER BLVD SUITE 100 AUSTIN TX 78731 990 2019-07-01 742958842 TEXAS RETIRED TEACHERS FOUNDATION TEXA 5124761622 313 E 12TH STREET NO 200 AUSTIN TX 787011957 TIM LEE STATE COORDINATOR 5124761622 2021-03-24 1 RONALD H REYNOLDS P00964479 5122063141 2021-03-24 2019 2022-09-23 18:48:47Z TIM LEE 313 E 12TH STREET NO 200 AUSTIN TX 787011957 467566 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 127373 0 181477 314475 0 0 2263 7213 125356 145878 309096 467566 50400 72604 0 0 48000 50400 0 0 21832 48561 46213 146961 169217 162135 298349 368529 657162 146137 150200 222392 506962 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. 0 0 44849 TO EDUCATE THE MEMBERS OF TRTA REGARDING THE BENEFITS OF GIVING AND PHILANTHROPY. 69404 69404 TO PROVIDE SCHOLARSHIP GRANTS AND OTHER FORMS OF EDUCATIONAL ASSISTANCE. 3200 3200 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. 117453 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 2 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 JAMIE LARSON PRESIDENT 1.00 X X 0 0 0 MARY NELL SHORT VICE PRESIDENT 1.00 X X 0 0 0 LYNN GRANZIN SECRETARY/TREASURER 1.00 X X 0 0 0 RONNIE JUNG MEMBER 1.00 X 0 0 0 JESSE RAMOS MEMBER 1.00 X 0 0 0 MARTHA KALLUS 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 BRENDA RITTER MEMBER 1.00 X 0 0 0 TIM LEE STATE COORDINATOR 10.00 30.00 X 18000 319378 36468 18000 319378 36468 0 0 1 0 0 314475 314475 7213 7213 17637 0 17637 17637 17637 PARTNERSHIP INC/LOSS 900099 128241 127373 868 128241 467566 0 127373 25718 X 72604 72604 18000 8280 4320 5400 32400 21384 6156 4860 7200 4320 1440 1440 7035 7035 5474 1281 1562 2631 1028 1028 14616 6723 4239 3654 881 881 3090 1885 587 618 3431 3431 PRINTING 2956 2956 PROMOTIONS 273 273 MISCELLANEOUS 134 134 GRANT ADMIN EXPENSE 95 95 169217 117453 29932 21832 102216 138547 311065 458100 140915 140915 2823 2651 86041 46240 42891 39801 -232444 -123415 1063 563 368529 657162 5037 8628 141100 141572 146137 150200 X 152144 403213 70248 103749 222392 506962 368529 657162 X 298349 5433 -19212 X 0 1 X 1 0 X 125353 154143 368264 181477 314475 1143712 10402 10402 125353 154143 378666 181477 314475 1154114 4877 5020 104765 5197 2620 122479 0 4877 5020 104765 5197 2620 122479 1031635 17016 19123 14058 11942 25718 87857 17016 19123 14058 11942 25718 87857 142369 173266 392724 193419 340193 1241971 0.83060 0.80110 0.07070 0.07590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212043 133387 10395 355825 162149 47714 2180 212043 123130 37483 1536 162149 10806 112200 124 123130 10806 10806 0.75880 0.24120 0 0 13702 7117 6585 7813 7571 242 64526 31552 32974 39801 LOAN FROM TRTA 140915 DUE TO RELATED PARTIES 91 DUE TO 12TH STREET 566 141572 X 458587 5433 4800 10233 448354 19212 19212 467566 174017 4800 4800 169217 0 169217 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, 2020, THE FOUNDATION RECEIVED AN ADDITIONAL $8,837 OF PERMANENT DONOR CONTRIBUTIONS AND EARNED $10,395 OF INTEREST. THESE PERMANENT DONOR CONTRIBUTIONS ALONG WITH THE EARNED INTEREST HAVE BEEN REFLECTED AS PERMANENTLY RESTRICTED NET ASSETS AT JUNE 30, 2020. PART X, LINE 2: THE MOST SIGNIFICANT TAX POSITIONS OF THE FOUNDATION IS ITS ASSERTION THAT IT IS EXEMPT FROM INCOME TAXES AND ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). THE INTERNAL REVENUE SERVICE (IRS) CONSIDERS THIS "BUSINESS INCOME" UNRELATED TO THE FOUNDATION'S TAX EXEMPT STATUS. A PORTION OF THE PROFIT FROM THESE ACTIVITIES IS SUBJECT TO FEDERAL INCOME TAXES. FOR THE YEARS ENDED JUNE 30, 2020 AND 2019 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 4B - OTHER ADJUSTMENTS: PARTNERSHIP INCOME (TAX BASIS) 19,212. 1 BEGINNING TEACHER SCHOLARSHIP 20 15000 CLASSROOM TEACHERS GRANT 30 15000 HELPING HAND GRANT 60 39404 DISASTER RELIEF FUND 5 3200 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. X X X 0 0 0 0 0 0 0 0 0 TIM LEE STATE COORDINATOR 18000 319378 0 0 0 0 0 25550 0 10918 18000 355846 0 0 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) -19,212. 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 128241 33594 0 0 0.70000 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 TEXAS RETIRED TEACHERS ASSOCIATION O 32400 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION M 12000 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION P 20269 ACTUAL CASH TWELFTH STREET LIMITED K 14616 ACTUAL CASH