Texas Research And Technology Foundation
- Assets
- $53.1m
- Revenue
- $7.6m
- Investments
- $10.8m
- Employees
- 26
- Location
- San Antonio, TX
- Founding
- 12/1985
- Data as of
- 12/2021
- EIN
- 74-2311260
Organization Overview
Texas Research And Technology Foundation is located in San Antonio, TX. The organization was established in 1985. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Texas Research And Technology Foundation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Research And Technology Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Texas Research And Technology Foundation generated $7.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIO-SCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Randolph Harig Board Member | Trustee | 3 | $0 |
Rene I Dominguez COO | Officer | 39 | $262,753 |
John P Negem CFO | Officer | 39 | $205,111 |
David Fonseca Vice President | Officer | 39 | $160,779 |
Jessica Harris Cao | Officer | 39 | $152,889 |
Juan S Garzon Coronado Executive Director | 39 | $114,567 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Person Mohrer Morales Boddy Ga Legal | 12/30/21 | $130,100 |
Metropolitan Contracting Comp General Contractor | 12/30/21 | $4,770,849 |
Bradley A Wheeless Consultant | 12/30/21 | $240,610 |
Meso Scale Diagnostics Equipment Purchase | 12/30/21 | $125,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $633,346 |
| Government grants | $1,409,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,729 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,059,357 |
| Total Program Service Revenue | $542,915 |
| Investment income | $465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,629,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,628,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $217,509 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,297,388 |
| Compensation of current officers, directors, key employees. | $421,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,542 |
| Payroll taxes | $163,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,420 |
| Fees for services: Accounting | $78,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $960 |
| Fees for services: Other | $334,203 |
| Advertising and promotion | $103,211 |
| Office expenses | $80,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $336,592 |
| Travel | $7,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,148 |
| Insurance | $123,973 |
| All other expenses | $0 |
| Total functional expenses | $4,588,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,566,833 |
| Savings and temporary cash investments | $4,176,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,510,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $455,004 |
| Net Land, buildings, and equipment | $18,142,433 |
| Investments—publicly traded securities | $3,006,256 |
| Investments—other securities | $10,818,117 |
| Investments—program-related | $1,316,672 |
| Intangible assets | $0 |
| Other assets | $102,400 |
| Total assets | $53,094,822 |
| Accounts payable and accrued expenses | $17,121,319 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,296,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,861 |
| Total liabilities | $19,445,996 |
| Net assets without donor restrictions | $33,648,826 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $53,094,822 |
Grants Awarded
Over the last fiscal year, Texas Research And Technology Foundation has awarded $217,509 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: Program Service | $176,224 |
San Antonio, TX PURPOSE: Program Service | $41,285 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Research And Technology Foundation has recieved totaling $14,818.
| Awarding Organization | Amount |
|---|---|
Association Of Small Business Development Centers Burke, VA PURPOSE: SMALL BUSINESS NETWORK OF THE AMERICAS SUB-AWARD. | $14,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rose Houston, TX | $16,831,916 | $15,429,968 |
Ut Southwestern Moncrief Cancer Center Fort Worth, TX | $34,033,245 | $10,388,679 |
Texas Research And Technology Foundation San Antonio, TX | $53,094,822 | $7,628,326 |
Cancer Care Services Fort Worth, TX | $4,958,692 | $3,102,585 |
Cancer Services Of Greater Baton Rouge Inc Baton Rouge, LA | $3,899,817 | $1,875,699 |
Breast Cancer Resource Center Austin, TX | $1,272,763 | $1,841,487 |
Julie Rogers Gift Of Life Free Mammogram Program Beaumont, TX | $2,101,197 | $2,028,172 |
Arkansas Cancer Coalition Little Rock, AR | $188,451 | $1,065,225 |
Wipe Out Kids Cancer Inc Dallas, TX | $832,825 | $1,375,015 |
Cancer Foundation For New Mexico Santa Fe, NM | $5,066,757 | $1,538,646 |
Rio Grande Cancer Foundation El Paso, TX | $15,840,266 | $1,400,334 |
Cancer Foundation For Life Inc Tyler, TX | $4,819,890 | $901,206 |