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X X false false false false false false false false false RANDY HARIG CEO/PRESIDENT 348833 0 0 0 0 0 23477 0 0 0 372310 0 J YORK DUNCAN SR VP REAL ESTATE 184939 0 0 0 0 0 11505 0 2498 0 198942 0 JORGE VARELA CEO VELOCITY 142917 0 0 0 0 0 9844 0 14816 0 167577 0 FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION STATEMENT: THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIOSCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. THE GOAL IS TO PROVIDE HEALTH CARE BENEFITS FOR MANKIND. TO THIS END, A BUSINESS ACCELERATOR AND PRE-SEED FUND HAVE BEEN ESTABLISHED TO SUPPORT AND CONTINUE THE GROWTH OF BIO-MEDICAL EDUCATION AND RELATED INDUSTRIES IN SAN ANTONIO AND BEXAR COUNTY. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENT: TECHNOLOGY-BASED ECONOMIC DEVELOPMENT: A QUARTERLY LUNCHEON PROGRAM WAS INSTITUTED WHEREBY EMERGING TECHNOLOGY AND EARLY STAGE TECHNOLOGY COMPANIES ARE INTRODUCED TO INVESTORS AND SERVICE PROVIDERS. TRTF SUBSIDIZED THESE EVENTS, THE GOAL OF WHICH IS TO ADVANCE THE RESEARCH AND GROWTH OF THESE COMPANIES. IN ADDITION, EFFORTS TO RAISE RESOURCES CONTINUE TO SUPPORT TECHNOLOGY-BASED ECONOMIC DEVELOPMENT PROJECTS, TO CONSTRUCT LABORATORY FACILITIES FOR START-UPS AND TO PROMOTE THE EXPANSION OF THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER WEST. LEASING OF PROPERTY TO SUPPORT RESEARCH: TRTF LEASES LAB, MANUFACTURING, AND OFFICE SPACE AT THE TEXAS RESEARCH PARK AND THE VELOCITYTX, LLC INCUBATOR FACILITY FOR RESEARCH AND MEDICAL PURPOSES. THE WATER ACCELERATOR PROGRAM WAS FUNDED BY THE TEXAS WORKFORCE COMMISSION. 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 POLICY: THE POLICY IS INCLUDED IN THE EMPLOYEE POLICY MANUAL AND IS APPLICABLE TO THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE, ALONG WITH THE PRESIDENT AND CEO, MONITORS FOR COMPLIANCE AND REVIEWS ANY POTENTIAL OR ACTUAL CONFLICTS. ANY MEMBER OF THE GOVERNING BODY THAT HAS A CONFLICT OF INTEREST ON A PARTICULAR MATTER IS REQUIRED TO ABSTAIN FROM VOTING ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A - REVIEW OF TOP MANAGEMENT COMPENSATION: 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. DURING 2017 THE BOARD COMMISSIONED A COMPENSATION STUDY TO DETERMINE THE REASONABLENESS OF THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B - REVIEW OF OTHER COMPENSATION: TEXAS RESEARCH AND TECHNOLOGY FOUNDATION DOES NOT PROVIDE COMPENSATION TO ANY OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 - HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC: THE FORM 990, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS WILL BE PROVIDED UPON REQUEST TO THE PUBLIC. VELOCITYTX LLC 14785 OMICRON DRIVE STE 100 SAN ANTONIO TX 78245 273188112 BUS. ACCEL TX 359499 1050085 SEE PART VII MERCHANT ICE LLC 14785 OMICRON DRIVE STE 100 SAN ANTONIO TX 78245 RE HOLD. CO. TX 38861 5333242 SEE PART VII SCHEDULE R, PART I - DISREGARDED ENTITY INFORMATION TEXAS RESEARCH AND TECHNOLOGY FOUNDATION IS THE CONTROLLING ENTITY FOR THOSE SPECIFIED ON SCHEDULE R.