2017-02-15T17:51:18-06:00 2016-06-30 742516372 REYNOLDS & FRANKE PC 6850 AUSTIN CENTER BLVD SUITE 100 AUSTIN TX 78731 990 2015-07-01 742958842 TEXAS RETIRED TEACHERS FOUNDATION TEXA 5124761622 313 E 12TH STREET NO 200 AUSTIN TX 787011956 TIM LEE STATE COORDINATOR 5124761622 2017-02-15 1 RONALD H REYNOLDS P00964479 5122063141 2017-02-09 2015 2021-01-29 14:40:06Z TIM LEE 313 E 12TH STREET NO 200 AUSTIN TX 787011956 232348 0 X WWW.TRTF.ORG X 2000 TX TO PROVIDE RESOURCES THAT CONTRIBUTE TO AN ENHANCED QUALITY OF LIFE FOR RETIRED TEACHERS. 8 8 0 250 89979 0 112899 125353 0 0 656 680 6645 106315 120200 232348 32618 25806 0 0 38000 38000 0 0 16868 53379 53538 123997 117344 -3797 115004 -56439 17481 151254 141607 -207693 -124126 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 50859 TO EDUCATE THE MEMBERS OF TRTA REGARDING THE BENEFITS OF GIVING AND PHILANTHROPY. 25806 25806 TO PROVIDE SCHOLARSHIP GRANTS AND OTHER FORMS OF EDUCATIONAL ASSISTANCE. 76665 1 0 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 X 8 8 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 787011956 JAMIE LARSON PRESIDENT 1.00 X X 0 0 0 WILLIAM PENCE VICE PRESIDENT 1.00 X X 0 0 0 LA VONNE ROGERS SECRETARY/TREASURER 1.00 X X 0 0 0 LINDA GRANZIN MEMBER 1.00 X 0 0 0 RONNIE JUNG MEMBER 1.00 X 0 0 0 MARTHA KALLUS MEMBER 1.00 X 0 0 0 CAROLYN LANCE MEMBER 1.00 X 0 0 0 CARLOS ORTIZ MEMBER 1.00 X 0 0 0 TIM LEE STATE COORDINATOR 10.00 30.00 X 18000 242524 26805 18000 242524 26805 0 0 1 0 0 125353 125353 680 680 16301 0 16301 16301 16301 PARTNERSHIP INCOME 900099 90014 89979 35 90014 232348 0 89979 17016 X 25806 25806 18000 9000 3600 5400 20000 14000 3000 3000 3000 3000 6045 6045 4229 1275 985 1969 120 120 14679 8807 2936 2936 5109 5109 551 276 275 2608 1695 391 522 3734 3734 LEGACY EDUCATION 10000 10000 PRINTING 2278 2278 GRANT ADMIN EXPENSE 697 697 PROMOTIONS 488 488 117344 76665 23811 16868 137442 70715 71061 157546 1358 140915 140915 3031 2581 84591 34602 52596 49989 -462842 -404265 -56439 17481 3500 484 147754 141123 151254 141607 X -207693 -136535 1603 10806 -207693 -124126 -56439 17481 X 115004 -31437 X 0 1 X 1 0 X 102216 139248 138833 112899 125353 618549 102216 139248 138833 112899 125353 618549 569 3520 4925 6945 4877 20836 0 569 3520 4925 6945 4877 20836 597713 16777 16434 16589 16956 17016 83772 16777 16434 16589 16956 17016 83772 118993 155682 155422 129855 142369 702321 0.85110 0.85650 0.11930 0.11580 X 0 10806 10806 1.00000 0 0 13702 5290 8412 6363 6363 0 64526 22949 41577 49989 LOAN FROM TRTA 140915 DUE TO 12TH STREET LTD 208 141123 X 205531 4620 4620 200911 31437 31437 232348 121964 4620 4620 117344 0 117344 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 THE YEAR ENDED JUNE 30, 2016, THE FOUNDATION RECEIVED PERMANENT DONOR CONTRIBUTIONS TO CREATE THE ENDOWMENT FUND, AND A $10,000 CERTIFICATE OF DEPOSIT WAS PURCHASED WITH THE RESTRICTED DONATIONS. THE ENDOWMENT FUND HAS BEEN REFLECTED AS PERMANENTLY RESTRICTED NET ASSETS AT JUNE 30, 2016. 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 YEAR ENDED JUNE 30, 2016 THE FOUNDATION UTILIZED ITS NET OPERATING LOSS CARRYFORWARD TO OFFSET UNRELATED BUSINESS INCOME TAXES. FOR THE YEAR ENDING JUNE 30, 2015 THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME TAXES DUE TO EXPENSES EXCEEDING REVENUES. 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) 31,437. 1 STUDENT SCHOLARSHIPS 15 7500 TEACHER CLASSROOM ASSIST 15 7500 HELPING HAND GRANT 17 10806 X X X 0 0 0 0 0 0 0 0 0 TIM LEE STATE COORDINATOR 18000 242524 0 0 0 0 0 19402 0 7403 18000 269329 0 0 FORM 990, PART VI, SECTION B, LINE 11 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) -31,437. 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 90014 -378611 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 20000 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION M 3000 ACTUAL CASH TEXAS RETIRED TEACHERS ASSOCIATION P 2349 ACTUAL CASH TWELFTH STREET LIMITED K 14678 ACTUAL CASH