2020-10-22T11:37:23-05:00 2019-12-31 BDO USA LLP 9901 IH-10 Suite 500 San Antonio TX 78230 990 2019-01-01 742311260 TEXAS RESEARCH AND TECHNOLOGY FOUNDATION % JP NEGEM TEXA 2108668073 1305 E Houston St San Antonio TX 78205 RANDY HARIG CEO 2105912456 2020-10-15 true N Ari Berlin P00665358 2103428000 107.204.52.156 70263520202965000003 2020-10-22 P 1ADFD9C59D368CE3BEDB4C0276CAB31E312F5C4B 1EC388E0DF8E0E22290DFBDFE18B46FC11957E5A 2019 2021-01-29 14:40:06Z X RANDY HARIG 1305 E Houston St San Antonio TX 78205 13247923 false X TEXASRESEARCHFOUNDATION.COM X 1984 TX THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIO-SCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. 22 21 22 21 10616 9616 34818 2048238 774308 1142105 918895 7089823 9447 454208 1737468 10734374 35390 7269900 0 0 1503675 1757735 0 0 0 2556477 3866591 4095542 12894226 -2358074 -2159852 22133231 39375862 2007274 21409757 20125957 17966105 X TEXAS RESEARCH AND TECHNOLOGY FOUNDATION (TRTF) IS SAN ANTONIOS CHAMPION FOR DELIVERING SUSTAINABLE ECONOMIC AND COMMUNITY GROWTH. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. false false 11918150 7269900 1585697 see schedule O. 11918150 true true false false false false false false false false true true false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false true true false false true X 22 0 true 22 true true true false false false false false false false false false false false X 22 21 false false false false false false false true true false false true true false true true true true true false X JP NEGEM 2105912456 1305 E HOUSTON ST San Antonio TX 78205 RANDY HARIG CEO 40.0 0.0 X X 364000 0 24500 J YORK DUNCAN president 40.0 0.0 X 213383 0 22212 sylvia lopez gaona executive vp of community dev 40.0 0.0 X 159467 0 10733 krista m covey vp - VelocityTX 40.0 0.0 X 125562 0 19944 david fonseca vp - VelocityTX 40.0 0.0 X 127225 0 13295 rene i dominguez coo 40.0 0.0 X 81899 0 10731 jp negem cfo 40.0 0.0 X 64250 0 6496 STEPHEN M DUFILHO board member 3.0 0.0 X 0 0 0 JOHN F LEFLORE board member 3.0 0.0 X 0 0 0 JAMES M SUMMERS board member 3.0 0.0 X 0 0 0 james r dublin board member 3.0 0.0 X 0 0 0 ken rector board member 3.0 0.0 X 0 0 0 christopher claus board member 3.0 0.0 X 0 0 0 larry mills board member 3.0 0.0 X 0 0 0 robert m cavender TRUSTEE 0.25 0.0 X 0 0 0 john feik TRUSTEE 0.25 0.0 X 0 0 0 f nelson finch ii TRUSTEE 0.25 0.0 X 0 0 0 don frost TRUSTEE 0.25 0.0 X 0 0 0 andrea giuffrida TRUSTEE 0.25 0.0 X 0 0 0 steve hall TRUSTEE 0.25 0.0 X 0 0 0 william l henrich TRUSTEE 0.25 0.0 X 0 0 0 john kerr TRUSTEE 0.25 0.0 X 0 0 0 h drake leddy TRUSTEE 0.25 0.0 X 0 0 0 steven lee TRUSTEE 0.25 0.0 X 0 0 0 terrell mccombs TRUSTEE 0.25 0.0 X 0 0 0 joe c mckinney TRUSTEE 0.25 0.0 X 0 0 0 nicolas musi TRUSTEE 0.25 0.0 X 0 0 0 kenneth p trevett TRUSTEE 0.25 0.0 X 0 0 0 1135786 0 107911 5 false true false thorn graves architects pllc 105 montclair ave SAN ANTONIO TX 78209 architect 566580 norton rose fulbright us llp po box 844284 DALLAS TX 75284 legal 1206288 kennedy sutherland llp 112 e pecan st ste 2810 SAN ANTONIO TX 78205 legal 232603 3 2035238 13000 2048238 PROGRAM RELATED LEASE REVENUE 531120 1048077 1048077 PROGRAM FEES 999999 85028 85028 SPONSORSHIPS 999999 9000 9000 1142105 130292 130292 0 0 0 0 0 9473080 80517 2433032 -80517 7040048 6959531 6959531 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 443592 443592 SCHEDULE K-1 - UBTI 900099 10616 10616 454208 10734374 1585697 10616 7089823 X 7269900 7269900 0 0 0 1135786 766840 368946 0 362124 244493 117631 0 173961 124824 49137 85864 57747 28117 0 713960 713960 139872 36710 103162 0 0 3128 3128 1371614 1345166 26448 80292 80292 59567 48787 10780 0 0 444673 378211 66462 29778 29778 0 111765 105511 6254 207161 200850 6311 0 340976 340976 115275 96296 18979 MISCELLANEOUS EXP 175742 27990 147752 TELEPHONE 22395 22395 BAD DEBT 11132 11132 OTHER EXPENSES 39261 27424 11837 12894226 11918150 976076 0 162520 554233 210167 1123637 0 0 121918 2342944 0 0 0 0 0 0 0 0 58893 775123 31304488 5265974 16781709 26038514 2986774 3006256 258347 4221330 1317912 1287425 0 0 234991 26400 22133231 39375862 786380 1055560 0 0 0 0 0 0 0 0 0 0 1202764 20261067 0 0 18130 93130 2007274 21409757 X 20125957 17966105 0 0 20125957 17966105 22133231 39375862 -2159852 X false true X true false X 919105 592521 40355 34818 2048238 3635037 1181720 490140 534082 774308 1142105 4122355 0 0 0 2100825 1082661 574437 809126 3190343 7757392 20977 35000 55977 412925 449023 861948 433902 484023 917925 6839467 7775 223020 194947 110028 130292 666062 10616 10616 7775 223020 194947 110028 140908 676678 0 23760 114714 100550 9447 443592 692063 2132360 1420395 869934 928601 3774843 9126133 0.74944 0.74852 0.07415 0.08045 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9292456 9292456 20390812 4886708 15504104 1621220 379266 1241954 26038514 ALLEN & ALLEN, LLC 4012631 C TARGETED TECH FUND I LP 208699 C 4221330 0 SECURITY DEPOSITS 93130 93130 X SCHEDULE D, PART X, LINE 2: The Foundation is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC); therefore, no provision for income taxes has been made in these statements. The Foundation follows the provisions of ASC 740-10 Accounting for Uncertainty in Income Taxes, which requires recognition and disclosure of uncertain tax positions in the financial statements. The Foundations management believes that is has appropriate support for any tax positions taken and that it has no material uncertain tax positions. Accordingly, it will not recognize any liability for uncertain tax benefits. For the year ended December 31, 2019, the Foundation did not recognize any interest or penalties in the financial statements. Tax years 2016-2018 remain open to examination by the taxing jurisdictions which the Foundation is subject to, and these periods have not been extended beyond the applicable statute of limitations. true friends of trtf 1305 E Houston St san antonio TX 78205 844065430 501(c)(3) 7242700 nmtc credit 1 SCHEDULE I, PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANTS NONE OF THE AMOUNTS PAID BY THE TEXAS RESEARCH AND TECHNOLOGY FOUNDATION WERE CONSIDERED GRANTS, BUT RATHER CONTRIBUTIONS THAT DID NOT REQUIRE ANY REPORTING. X X false false false false false false false false false RANDY HARIG CEO 364000 0 0 0 0 0 24500 0 0 0 388500 0 0 0 J YORK DUNCAN president 213383 0 0 0 0 0 12212 0 10000 0 235595 0 0 0 sylvia lopez gaona executive vp of community dev 159467 0 0 0 0 0 10733 0 0 0 170200 0 0 0 FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION STATEMENT: TEXAS RESEARCH AND TECHNOLOGY FOUNDATION (TRTF) IS SAN ANTONIOS CHAMPION FOR DELIVERING SUSTAINABLE ECONOMIC AND COMMUNITY GROWTH. WE CONNECT, DEVELOP, AND FUND INNOVATIVE VENTURES THAT ENHANCE OUR BIOSCIENCE AND TECHNOLOGY ECOSYSTEM. TRTF has acted as the technology-based economic developer for the City of San Antonio, Bexar County and the State of Texas since its establishment in 1984. TRTF has been successfully promoting and developing emerging technologies and the life science industry in the San Antonio area. In that time, it has successfully developed a research park on the far westside of San Antonio, incubated companies that spun-out into successful enterprises and ultimately created jobs and spurred investment. More recently, TRTF purchased the five-acre Merchant Ice and Storage complex which is located on E. Houston St. on the near eastside of downtown -- a historically underinvested area of San Antonio. While preserving the historic nature of the complex, TRTF is redeveloping the complex into an Innovation Center with an incubator/accelerator and offices/labs. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENT: Technology Based Economic Development: TRTF, through its subsidiary VelocityTX, executed its annual Global Accelerator Program. The accelerator shepherded 5 companies through technical assistance and mentorship programs that provide emerging companies the assistance they needed to help grow and commercialize their products/services. TRTF also executed two Emerging Venture Pipeline luncheons which showcase emerging companies to the community to highlight their technologies and to help promote their companies for outside funding. TRTF subsidized these events, the goal of which was to advance the research and growth of these companies. TRTF/VelocityTX hosted a 2-day Healthtech Hackathon where 5 teams of entrepreneurs helps solve health-related problems sourced by the local bioscience and healthcare community. The teams spent 48 hours developing innovative solutions and technologies which they presented to a panel of judges. Additionally, TRTF continues to develop a 5-acre site near downtown -- the Merchant Ice and Storage complex. The site is being developed as an innovation center with labs, offices, programs and support services. TRTF also continued to lease property to support research: TRTF leases lab, manufacturing and office space at the Texas Research Park on the far west side of San Antonio and at the Merchants Ice complex. FORM 990, PART VI, SECTION B, LINE 11B - PROCESS TO REVIEW THE FORM 990: AN OUTSIDE ACCOUNTING FIRM PREPARES AND FILES THE ORGANIZATION'S FORM 990. MANAGEMENT CONDUCTS A REVIEW OF THE DRAFT AND PROVIDES IT TO EXECUTIVE COMMITTEE FOR REVIEW. THE FINAL DRAFT IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C-MONITORING THE CONFLICT OF INTEREST The Conflict of Interest Policy is included in the employee policy manual and is applicable to the Board of Trustees. At the Board of Trustees Annual Board meeting that approves the budget (December), TRTF staff administers and renews Conflict of Interest statements to the Board of Trustees. The Executive Committee, along with the President and CEO, monitors for compliance and reviews any potential or actual conflicts. More recently, TRTF permanently created a Chief Administrative Officer (CAO) to oversee and administer the conflict of interest policy. Any member of the governing body that has a conflict of interest on a particular matter is required to abstain form voting on that matter. FORM 990, PART VI, SECTION B, LINE 15A & 15b- compensation REVIEW A thorough review is conducted and performed in conjunction with the annual bonuses awarded at year end by the board of Trustees. The review is recorded in the meeting minutes. In 2018, the board commissioned a compensation study to determine the reasonableness of the CEOs compensation. FORM 990, PART VI, SECTION C, LINE 19 - HOW DOCUMENTS ARE MADE AVAILABLE: THE FORM 990, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS WILL BE PROVIDED UPON REQUEST TO THE PUBLIC. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:212258 FORM 990 PART IX LINE 11G DESCRIPTION:TRUSTEE TOTAL FEES:120274 FORM 990 PART IX LINE 11G DESCRIPTION:ENGINEER/ARCHITECT TOTAL FEES:1039082 VELOCITYTX LLC 1305 E Houston St SAN ANTONIO TX 78205 273188112 BUS. ACCEL TX 49603 9131 SEE PART VII MErCHANT ICE LLC 1305 E Houston St SAN ANTONIO TX 78205 RE HOLD. CO. TX -4256563 19294274 SEE PART VII trtf community house 1305 E Houston St san antonio TX 78205 834665737 economic dev TX 501(c)(3) 12b texas resear false friends of trtf 1305 E Houston St san antonio TX 78205 844065430 financing TX 501(c)(3) 12b texas resear false allen & allen llc po box 5140 san antonio TX 78201 741782480 retail/wholesale TX texas research s corp 10616 5769812 1.00000 false false true false false false true false false false false false false false false false false false false false friends of trtf b 7242700 cash SCHEDULE R, PART I - DISREGARDED ENTITY INFORMATION TEXAS RESEARCH AND TECHNOLOGY FOUNDATION IS THE CONTROLLING ENTITY FOR THOSE SPECIFIED ON SCHEDULE R.