2013-11-11T11:20:56-06:00 2012-12-31 BKD LLP 10001 REUNION PLACE SUITE 400 SAN ANTONIO TX 782164137 990 2012-01-01 742311260 Texas Research and Technology Foundation % C DENISE BREEDLOVE TEXA 2106744177 14785 Omicron Drive Suite 100 San Antonio TX 78245 JOHN YORK DUNCAN 2103419400 2013-11-15 true John R Bruce CPA 2103419400 2012 2016-03-07 17:11:31Z JOHN YORK DUNCAN 14785 OMICRON DRIVE NO 100 SAN ANTONIO TX 78245 2124169 false X WWW.TRTF-T3DC.ORG X 1984 TX THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIOSCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. TO THIS END, A BUSINESS ACCELERATOR AND PRE-SEED FUND HAVE (SEE SCHEDULE O) 34 34 5 37 0 20600 488488 572076 1578937 16282 71930 106029 -69977 714987 2069378 34145 23155 0 0 391730 732987 0 0 0 918587 1517250 1344462 2273392 -629475 -204014 17550238 17640488 1418503 1010560 16131735 16629928 X 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, AND EDUCATION FOR BIOSCIENCE PROFESSIONALS AT THE UNDERGRADUATE AND GRADUATE LEVEL, AND TO CREATE HIGH-PAYING JOBS. false false 1468928 23155 1578937 TEXAS RESEARCH PARK OPERATIONS: PAWEL VILLAGE APARTMENTS OFFERS ON-SITE HOUSING FOR THE GRADUATE LEVEL RESEARCHERS AND EMPLOYEES OF THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER WEST CAMPUS LOCATED IN THE TEXAS RESEARCH PARK. THESE APARTMENTS ARE LEASED AT BELOW MARKET RATES, WITH TRTF SUBSIDIZING RENT, MANAGEMENT AND ADMINISTRATIVE OPERATIONS. TRTF MAINTAINS THE NATURE TRAIL THAT IS OPEN TO THE PUBLIC AND ALL THE GROUNDS IN THE 1200 ACRE PARK. PLEDGED SUPPORT OF INITIATIES THAT EXTEND OVER THE NEXT 2 YEARS: FUNDING OF THE MASTER PARTICIPATION AGREEMENT WHICH BROUGHT INCUBE LABS TO SAN ANTONIO, AND THE MCDERMOTT PRE-SEED FUND ESTABLISHED TO FUND EARLY STAGE EMERGING TECHNOLOGY COMPANIES AND OPERATE A BUSINESS ACCELERATOR. 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, FUND RAISING EFFORTS 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 T3DC, LLC INCUBATOR FACILTY FOR RESEARCH AND MEDICAL PURPOSES. 1468928 true true false false false false false false false false true false true false true false 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 false true 20 0 true 5 true false false false false false false false false false false X 34 34 false false false false false false false true true false false true true true true true true true true false X C DENISE BREEDLOVE 2106744177 14785 OMICRON DRIVE NO 100 SAN ANTONIO TX 78245 JAMES R DUBLIN 3.0 X X 0 0 0 STEPHEN M DUFILHO 3.0 X X 0 0 0 JOHN F LEFLORE 3.0 X X 0 0 0 J BRUCE BUGG JR 0.0 X X 0 0 0 BRUCE BARSHOP 0.25 X 0 0 0 J DAN BATES 0.25 X 0 0 0 JIM BERG 0.25 X 0 0 0 GLENN BIGGS 0.25 X 0 0 0 PHYLLIS BROWNING 0.25 X 0 0 0 ROBERT M CAVENDAR 0.25 X 0 0 0 PAT DUNCAN 0.25 X 0 0 0 JOHN W FEIK 0.25 X 0 0 0 DONALD B FROST 0.25 X 0 0 0 ROBERT W GRACY PHD 0.25 X 0 0 0 WILLIAM E GREEHEY 0.0 X 0 0 0 STEVE HALL 0.25 X 0 0 0 J RANDOLPH HARIG 0.25 X 0 0 0 WILLIAM E HENRICH 0.0 X 0 0 0 GEORGE KARUTZ SR 0.25 X 0 0 0 ED CROSS 0.25 X 0 0 0 JACK KELLY 0.25 X 0 0 0 JOHN KERR 0.25 X 0 0 0 H DRAKE LEDDY 0.25 X 0 0 0 MILTON B LEE 0.0 X 0 0 0 STEPHEN Q LEE 0.25 X 0 0 0 BRUCE LESLIE 0.0 X 0 0 0 JOE C MCKINNEY 0.25 X 0 0 0 ELAINE MENDOZA 0.0 X 0 0 0 ROLANDO PABLOS 0.0 X 0 0 0 PHILLIP PFEIFFER 0.0 X 0 0 0 ROBERT PRICE 0.25 X 0 0 0 RICARDO ROMO 0.0 X 0 0 0 DAVID SPENCER 0.0 X 0 0 0 JAMES SUMMERS 0.25 X 0 0 0 KEN TREVETT 0.25 X 0 0 0 KENNETH L WILSON 0.0 X 0 0 0 DAVID WEISS 0.25 X 0 0 0 JOHN YORK DUNCAN 40.0 X 174717 0 19627 C DENISE BREEDLOVE 40.0 X 90250 0 20133 264967 0 39760 2 false true false 0 488488 488488 PROGRAM RELATED LEASE REVENUES 531120 1578937 1578937 1578937 9121 9121 0 0 2700 2700 0 2700 2700 117600 54791 62809 62809 62809 0 0 0 CONSULTING FEES 541610 11331 11331 AFFILIATED PASSTHROUGH INCOME 531120 -114083 -114083 OTHER INCOME 531120 30075 30075 -72677 2069378 1578937 1953 23155 23155 0 0 0 0 0 0 304727 204671 100056 0 0 0 0 0 291339 195679 95660 0 0 0 0 0 102818 69058 33760 0 34103 22905 11198 0 0 0 0 0 20523 0 20523 0 35273 0 35273 0 0 0 0 0 0 0 0 0 0 0 63479 42636 20843 0 3121 0 3121 0 88870 59690 29180 0 14381 9659 4722 0 0 0 0 0 587519 394609 192910 0 11548 0 11548 0 0 0 0 0 8425 0 8425 0 0 0 470601 316081 154520 0 18790 0 18790 0 REPAIRS & MAINTENANCE 138187 92814 45373 BAD DEBTS 27200 18269 8931 MISCELLANEOUS EXPENSES 28521 19156 9365 MEALS & ENTERTAINMENT 812 546 266 2273392 1468928 804464 0 440619 196227 513402 960390 0 21104 370919 62789 0 0 0 0 0 27600 0 0 50519 66303 20411314 5578492 15090381 14832822 0 0 0 0 1084259 1457534 0 0 139 15719 17550238 17640488 131115 465151 757500 507500 750 389 0 0 0 0 0 0 0 0 0 0 529138 37520 1418503 1010560 X 15882980 16404928 248755 225000 0 0 16131735 16629928 17550238 17640488 X -204014 -22491 752895 -28197 X false true X true X 50330 188479 59726 20600 488488 807623 0 0 0 572076 1578937 2151013 0 0 0 50330 188479 59726 592676 2067425 2958636 0 0 0 2958636 137768 126870 23936 16282 9121 313977 0 137768 126870 23936 16282 9121 313977 0 393495 1223768 1319340 373295 -69977 3239921 581593 1539117 1403002 982253 2006569 6512534 0.45430 0.21050 0.04821 0.10230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8383285 8383285 11410492 5358049 6052443 252937 252937 361704 217547 144157 0 0 0 14832822 PROGRAM RELATED HOLDINGS 502500 C TARGETED TECH FUND I LP 901365 C COMMON STOCK 53669 C 1457534 0 SECURITY DEPOSITS 37520 37520 2079641 -22491 9000 23754 10263 2069378 2069378 2282392 9000 9000 2273392 2273392 Reconciliation of Revenue Sch. D, Part XI, Line 2d NET ASSETS RELEASED FROM RESTRICTIONS 23,754 ASC 740 FOOTNOTE SCHEDULE D, PART X, QUESTION 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. false T3DC LLC 14785 OMICRON DR SAN ANTONIO TX 78245 273188112 501(C)(3) 540000 MCDERMOTT PRE-SEED FUND & OPERATIONS UTSA ONE UTSA CIRCLE SAN ANTONIO TX 78249 746000203 501(c)(3) 15000 CITE SCHOLARSHIP FUND 2 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS TEXAS RESEARCH AND TECHNOLOGY FOUNDATION DONATED $540,000 TO T3DC, LLC WHICH IS A WHOLLY OWNED SUBSIDIARY ORGANIZATION OF THE FOUNDATION. TEXAS RESEARCH AND TECHNOLOGY FOUNDATION DONATED $15,000 TO UTSA FOR THE CENTER FOR INNOVATION AND TECHNOLOGY ENTREPRENEURSHIP (CITE) SCHOLARSHIP FUND. THIS SCHOLARSHIP IS AWARDED TO A CURRENT GRADUATE STUDENT AT THE UNIVERSITY AND FURTHER MONITORING IS NOT DEEMED NECESSARY OR BENEFICIAL TO THE PURPOSE OF THE GRANT. X X X false false false false false false false false false JOHN YORK DUNCAN 149717 0 25000 0 0 0 10360 0 9267 0 194344 0 ORGANIZATIONS MISSION FORM 990, PART III, QUESTION 1 THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIOSCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. 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 INDUSTRY IN SAN ANTONIO AND BEXAR COUNTY. PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, QUESTION 11B THE TRTF'S CFO WILL PROVIDE A COPY OF THE COMPLETED FORM 990 AND REQUIRED SCHEDULES TO THE FOUNDATION'S BUSINESS AFFAIRS COMMITTEE, WITH NOTES DESCRIBING EACH SECTION AND SCHEDULE, PLUS A COPY OF THE 2012 AUDITED FINANCIAL STATEMENTS. ANY QUESTIONS WILL BE REVIEWED WITH THE PREPARER. AFTER A FINAL REVIEW AND APPROVAL, A COPY OF THE FORM WILL BE PROVIDED TO THE FOUNDATION'S TRUSTEES AT ITS ANNUAL MEETING. PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, QUESTION 12C THE TRTF REQUIRES THAT EACH TRUSTEE REVIEW AND RETURN A SIGNED COPY OF THE CONFLICTS OF INTEREST POLICY EACH YEAR AT ITS ANNUAL MEETING. TRTF'S PRESIDENT AND COMPLIANCE COMMITTEE MEMBERS FOLLOW-UP WITH INDIVIDUAL TRUSTEES TO ENSURE THAT EACH TRUSTEE HAS MADE THE REQUIRED ANNUAL DISCLOSURES. TRUSTEES ARE REMINDED THAT THEY ARE REQUIRED TO PROVIDE WRITTEN UPDATES TO THE CHAIRMAN IF CIRCUMSTANCES CHANGE DURING THE YEAR, REQUIRING AN AMENDED REPORT. BOARD OF TRUSTEE MEETING MINUTES ALSO RECORD SPECIFIC INSTANCES WHERE A TRUSTEE ABSTAINS FROM VOTING BECAUSE HE/SHE BELIEVES THEY HAVE A CONFLICT OF INTEREST. REVIEW OF OTHER OFFICER OR KEY EMPLOYEES COMPENSATION FORM 990, PART VI, QUESTION 15B THE TRTF BUSINESS AFFAIRS COMMITTEE IS AUTHORIZED BY THE BOARD OF TRUSTEES TO REVIEW, EVALUATE AND MAKE RECOMMENDATIONS TO SET SALARIES AND TO APPROVE INCREASES. THE COMMITTEE USES DATA OBTAINED FROM LOCAL INSTITUTIONS AND/OR FOUNDATIONS IN ADDITION TO COMPENSATION SURVEYS OBTAINED FROM NATIONAL AND LOCAL STAFFING ORGANIZATIONS TO DETERMINE A RANGE OF RATES BEFORE MAKING A RECOMMENDATION TO THE BOARD OF TRUSTEES. FINAL REVIEW AND APPROVAL IS REQUIRED BY THE BOARD OF TRUSTEES AT THE NEXT SCHEDULED MEETING BEFORE THE RATE IS EFFECTED. DOCUMENTATION INCLUDES COMPARATIVE DATA, COMMITTEE NOTES, AND APPROVED MINUTES FROM THE COMMITTEE AND BOARD MEETINGS. THE LAST COMPENSATION REVIEW WAS PERFORMED IN DECEMBER 2012. DOCUMENTS AVAILABLE TO PUBLIC UPON REQUEST FORM 990, PART VI, QUESTION 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST, AT NO CHARGE, AT THE FOUNDATION'S OFFICE, 14785 OMICRON DRIVE, SUITE 100, SAN ANTONIO, TX 78245. OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI , LINE 9 INTER-ENTITY NET ASSET TRANSFER OF DEFENSE TRANSFORMATION INSTITUTE PREVIOUSLY CONSOLIDATED ON FORM 990 $-28,197 PRIOR PERIOD ADJUSTMENTS FORM 990, PART XI , LINE 8 2011 AUDITED FINANCIAL STATEMENTS WERE REQUIRED TO BE RESTATED TO CORRECTLY REFLECT THE CONSOLIDATED ACTIVITIES AND APPROPRIATE ELIMINATIONS OF SUBSIDIARY ENTITIES. THE FORM 990 FOR 2011 WAS FILED PRIOR TO THE RESTATEMENT. THE RESTATED VALUES WERE LIMITED TO THE REVENUES OR EXPENSES FOR ENTITIES THAT FILED A SEPARATE FORM 990 AND ARE NOT INCLUDE IN THIS ENTITY'S FORM 990 REVENUES OR EXPENSES. A NET ASSET TRANSFER AT THE END OF 2011 DID OCCUR AND WAS NOT CORRECTLY REFLECTED ON THE ORIGNIALLY ISSUED FINANCIAL STATEMENTS. A WHOLLY OWNED SUBISDIARY'S NET ASSETS WERE TRANSFERRED INTO THE FOUNDATION, IMPACTING ENDING NET ASSET BALANCES. NET ASSETS WERE ADJUSTED IN THE RESTATEMENT TO ACCOUNT FOR THE CREATION AND INCLUSION OF THE WHOLLY OWNED SUBSIDIARY INTO THE NET ASSETS OF THE FOUNDATION. THE AMOUNT OF THIS ADJUSTMENT IS 752,895 AND IS CURRENTLY REFLECTED AS A PRIOR PERIOD ADJUSTMENT ON THIS FORM 990. DEFENSE TRANSFORMATION INSTITUTE LLC 14785 OMICRON DRIVE STE 100 SAN ANTONIO TX 78245 412181707 SEE PART VII TX SEE PART VII T3DC LLC 14785 OMICRON DRIVE STE 100 SAN ANTONIO TX 78245 273188112 BUS. ACCEL TX 305132 1264812 SEE PART VII TRTFCTRCRF BUILDING CORPORATION 14785 OMICRON DRIVE STE 100 SAN ANTONIO TX 78245 742731138 SEE PART VI TX 501(C)(25) N/A SEE PART VII true false true false false false false false false false true false false false true true false true false true RELATED ENTITY INFORMATION SCHEDULE R, PART I & II Schedule R, Part I, Column (B) DTI - Military-community initiatives through education and communication Schedule R, Part I, Column (F) DTI: Texas Research and Technology Foundation Schedule R, Part II, Column (B) TRTF/CTRCRF Building Corporation - To support the TRTF and the CTRC Research Foundation Schedule R, Part II, Column (F) TRTF/CTRCRF Building Corporation - Texas Research and Technology Foundation