2021-11-07T16:52:23-07:00 2020-12-31 990 2020-01-01 300358356 CENTRAL TEXAS ANGEL NETWORK CENT 5125186054 PO BOX 5435 AUSTIN TX 78763 David Veal Treasurer 5124978070 2021-11-07 0 11 1 AAL2 2020 2022-09-23 18:48:47Z KELSEY AUGUST PO Box 5435 AUSTIN TX 78763 233138 0 X www.ctan.com X 2006 TX CTAN'S EXEMPT PURPOSE IS TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS AREA. THIS PURPOSE IS ACHIEVED BY ASSISTING EARLY STAGE COMPANIES IN THEIR EFFORTS TO START, FUND, AND GROW NEW BUSINESSES. 8 8 2 200 0 0 0 295437 232236 902 3055 0 298492 233138 0 0 187912 97006 0 0 116113 49815 304025 146821 -5533 86317 187263 273580 0 0 187263 273580 X THE EXEMPT PURPOSE OF THE CENTRAL TEXAS ANGEL NETWORK IS TO PROMOTE AND STIMULATE THE COMMON BUSINESS INTERESTS OF ITS MEMBERS AND THE CENTRAL TEXAS REGION. THIS PURPOSE IS ACCOMPLISHED BY ASSISTING EARLY-STAGE COMPANIES IN THEIR EFFORTS TO START, FUND, AND GROW NEW BUSINESSES. 0 1 HOSTED MORE THAN 40 EVENTS AND MEETINGS, ALL FOCUSED ON HELPING ACCREDITED INVESTORS BUILD SUCCESSFUL EARLY-STAGE COMPANIES. MENTORED AND EDUCATED ENTREPRENEURS WHEN POSSIBLE GIVEN PANDEMIC RESTRICTIONS THAT BEGAN IN MARCH. HELD 2 ENTREPRENEUR SCREENING SESSIONS HOSTED BY CTAN. MEMBERS PARTICIPATED IN SEVERAL COMMUNITY EDUCATION PANELS, MENTORING SESSIONS, AND OTHER SPEAKING ENGAGEMENTS THAT TAUGHT ENTREPRENEURS ABOUT SEEKING CAPITAL AND WORKING WITH ANGEL INVESTORS. LED TWO INVESTOR EDUCATION EVENTS, INTRODUCING NEW MEMBERS TO INVESTING PRINCIPLES AND TEACHING MEMBER TOPICS RELEVANT TO EARLY STAGE INVESTING. INCREASED OUR OUTREACH TO SUPPORT OUR BUSINESS COMMUNITY WORK THROUGH NEW AND EXPANDED COMMUNITY PARTNERSHIPS WITH ENTREPRENEUR SUPPORT ORGANIZATIONS CTAN MEMBERS INCREASED SUPPORT TO COMPANIES BY INVESTING IN 20 NEW COMPANIES, INVESTING A TOTAL OF $3.1MM. CTAN MEMBERS ALSO INCREASED SUPPORT TO THEIR EXISTING PORTFOLIOS WITH FOLLOW-ON INVESTMENTS IN 12 COMPANIES, INVESTING A TOTAL OF $2.8MM TOTAL DOLLARS. CTAN MEMBERS VOLUNTEERED AT LEAST 300 HOURS IN THE BUSINESS COMMUNITY MENTORING AND ADVISING EARLY-STAGE COMPANIES DESPITE PANDEMIC DISRUPTIONS. 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 TX X KELSEY AUGUST 5125186054 PO BOX 5435 AUSTIN TX 78763 X CLAIRE HANSEN DUE DILIGENCE ASSOCIATE 30 0 X 48124 0 0 VICTORIA DOMINGUEZ-EDINGTON PROGRAM DIRECTOR 30 X 35052 0 0 KELSEY AUGUST BOARD CHAIR 10 0 X X 0 0 0 LAURIE CERCONE SECRETARY 10 0 X 0 0 0 DAVID VEAL TREASURER 5 0 X 0 0 0 JEFF BONYUN BOARD MEMBER 5 0 X 0 0 0 WAYNE HEIDEMANN BOARD MEMBER 5 0 X 0 0 0 JOSEPH LIU BOARD MEMBER 5 0 X 0 0 0 SUE MAASS BOARD MEMBER 5 0 X 0 0 0 JD STANLEY BOARD MEMBER 5 0 X 0 0 0 83176 0 0 0 0 0 0 0 0 MEMBERSHIP DUES 523999 190445 190445 0 0 ENTREPRENEUR FEES 523999 41791 41791 0 0 0 0 0 0 232236 902 902 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 233138 233138 0 0 89163 888 6955 6500 1082 2308 4422 23603 3083 PAYROLL SERVICES 5682 ASSOCIATION MEMBERSHIPS 1750 PAYMENT PROCESSING 1385 146821 0 0 0 187263 73552 200028 187263 273580 0 0 X 0 0 0 0 187263 273580 187263 273580 187263 273580 86317 0 0 0 0 0 X 0 0 0 1 1 0 Form 990, Part III, Line 3 DUE TO THE COVID-19 PANDEMIC AND THE RESULTING REQUIREMENTS OF HEALTH OFFICIALS, MANY EVENTS THAT WERE PREVIOUSLY HELD IN PERSON WERE TEMPORARILY MOVED TO AN ONLINE FORMAT. Form 990, Part III, Line 4d HOSTED MORE THAN 40 EVENTS AND MEETINGS, ALL FOCUSED ON HELPING ACCREDITED INVESTORS BUILD SUCCESSFUL EARLY-STAGE COMPANIES. MENTORED AND EDUCATED ENTREPRENEURS WHEN POSSIBLE GIVEN PANDEMIC RESTRICTIONS THAT BEGAN IN MARCH. HELD 2 ENTREPRENEUR SCREENING SESSIONS HOSTED BY CTAN. MEMBERS PARTICIPATED IN SEVERAL COMMUNITY EDUCATION PANELS, MENTORING SESSIONS, AND OTHER SPEAKING ENGAGEMENTS THAT TAUGHT ENTREPRENEURS ABOUT SEEKING CAPITAL AND WORKING WITH ANGEL INVESTORS. LED TWO INVESTOR EDUCATION EVENTS, INTRODUCING NEW MEMBERS TO INVESTING PRINCIPLES AND TEACHING MEMBER TOPICS RELEVANT TO EARLY STAGE INVESTING. INCREASED OUR OUTREACH TO SUPPORT OUR BUSINESS COMMUNITY WORK THROUGH NEW AND EXPANDED COMMUNITY PARTNERSHIPS WITH ENTREPRENEUR SUPPORT ORGANIZATIONS CTAN MEMBERS INCREASED SUPPORT TO COMPANIES BY INVESTING IN 20 NEW COMPANIES, INVESTING A TOTAL OF $3.1MM. CTAN MEMBERS ALSO INCREASED SUPPORT TO THEIR EXISTING PORTFOLIOS WITH FOLLOW-ON INVESTMENTS IN 12 COMPANIES, INVESTING A TOTAL OF $2.8MM TOTAL DOLLARS. CTAN MEMBERS VOLUNTEERED AT LEAST 300 HOURS IN THE BUSINESS COMMUNITY MENTORING AND ADVISING EARLY-STAGE COMPANIES DESPITE PANDEMIC DISRUPTIONS. Form 990, Part VI, Section B, Line 11b FORM 990, PAGE 6, PART IV, LINE 11B: THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S TREASURER AND CIRCULATED TO ALL BOARD MEMBERS TO PERMIT THEIR REVIEW AND COMMENT SHOULD THEY CHOOSE TO DO SO BEFORE FILING. Form 990, Part VI, Section B, Line 15 THE COMPENSATION OF EMPLOYEES IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT AND RECEIVE NO COMPENSATION IN MAKING THOSE DETERMINATIONS. THE DIRECTORS SOUGHT TO REFERENCE MARKET-BASED COMPENSATION DATA FOR SIMILAR POSITIONS TO THE EXTENT THAT IT WAS AVAILABLE. Form 990, Part VI, Section C, Line 19 THE ORGANIZATIO DOES NOT MAKE FINANCIAL STATEMENTS OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC, OTHER THAN THOSE REQUIRED TO BE MADE AVAILABLE PURSUANT TO IRC SECTION 501(A) AND REGULATION 301 6104(D) OR OTHER APPLICABLE FEDERAL OR STATE STATUTES. AUTOMATIC SIX MONTH EXTENSION FILED IN APRIL 2021