2025-11-17T18:08:06-06:00 2024-12-31 582487348 Aprio Advisory Group LLC 922 Isom Road Suite 100 San Antonio TX 78216 990 2024-01-01 742311260 Texas Research and Technology Foundation TEXA 2105912456 1305 East Houston Street San Antonio TX 78205 Rene I Dominguez CEO 2105912456 2025-11-17 1 1 Stacy Cullen P00974308 4048929651 2025-11-17 2024 2025-03-06 01:10:19Z Rene I Dominguez 1305 East Houston Street San Antonio TX 78205 2569488 0 X velocitytx.org X 1984 TX The organization's primary mission is to build a world-class center of bio-science research, medical education and job creation. 7 6 0 7 0 0 4064423 2455939 584197 868194 8244674 181082 2139798 -973022 15033092 2532193 0 0 0 0 2061298 1604763 0 0 0 2712362 3055064 4773660 4659827 10259432 -2127634 68163786 74186483 20292751 30919564 47871035 43266919 X See Schedule O 0 0 3216964 868194 See Schedule O 3216964 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 37 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X for 2105912456 1305 E Houston St San Antonio TX 78205 Rene I Dominguez President and CEO 40.00 40.00 X X 339771 0 19586 Chris Claus Board of Directors 1.00 X 0 0 0 Larry Mills Board of Directors 1.00 X 0 0 0 Cathy Starnes Board of Directors 1.00 X 0 0 0 Darryl Byrd thru September Board of Directors 1.00 X 0 0 0 Matt Duke Board of Directors 1.00 X 0 0 0 Michelle Lugalia-Hollon Board of Directors 1.00 X 0 0 0 Rick A Hernandez CFO 40.00 40.00 X 252012 0 13562 Jessica L Harris COO 40.00 X 241935 0 1658 Preston Woolfolk Chairman 1.00 X 0 0 0 Juan Sebastian Garzon Executive Director 40.00 X 133194 0 6727 966912 0 41533 4 0 1 0 Indigo Contruction 1100 N E Loop 410 Suite 400 San Antonio TX 78213 Construction Buildout 689694 Pape-Dawson Consulting Engineers LLC 2000 NW Loop 410 San Antonio TX 78213 Engineering Services 180850 Person Mohrer Morales Boddy Garcia & Gut 8610 Broadway Suite 440 San Antonio TX 78217 Legal Services 131218 The University of Texas at San Antonio One UTSA Circle San Antonio TX 78249 Subcontractor 117408 4 2328282 127657 2455939 Program Related Lease Revenue 531120 544063 544063 Program Fees 900099 324131 324131 868194 218377 218377 37000 295 -37000 -295 -37295 -37295 Other Miscellaneous Income 900099 7857 7857 Equity Income 900099 -980879 -980879 -973022 2532193 868194 0 -791940 868884 278043 590841 429055 208662 220393 83757 33081 50676 126252 69391 56861 96815 39503 57312 159038 127936 31102 131692 95310 36382 734 587 147 260245 260245 94853 76921 17932 44093 38709 5384 86695 62665 24030 931104 668278 262826 19547 19300 247 394449 347288 47161 431665 431665 155882 155882 95671 95671 Bad Debt Expense 196504 196504 Telephone 1366 1366 51526 9957 41569 4659827 3216964 1442863 0 1729972 316467 1389637 955312 39439734 44764717 232010 269489 9199017 2590239 4743741 6608778 2989771 3001760 15970704 14403751 1623055 1523615 45162 2342594 68163786 74186483 16491846 21814074 103792 3632578 5645587 168327 3356111 20292751 30919564 X 47871035 43266919 47871035 43266919 68163786 74186483 -2127634 -90764 6737 -2392455 X X 0 1 X 1 1 1 X 1149998 2059357 2260720 4064423 2455939 11990437 1484231 828062 1186827 2723995 868194 7091309 2634229 2887419 3447547 6788418 3324133 19081746 0 0 0 19081746 53829 465 32334 210030 218377 515035 53829 465 32334 210030 218377 515035 7857 7857 2688058 2887884 3479881 6998448 3550367 19604638 0.97330 0.97850 0.02630 0.02150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3397731 3397731 5331544 2455232 2876312 353379 68755 284624 116363 66252 50111 6608778 Investment in Affiliates 14403751 C 14403751 Operating Lease Liability 3296111 Security Deposits 60000 3356111 X Part X, Line 2: The Foundation is a nonprofit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for federal income taxes is required. The Foundation applies the guidance on accounting for uncertain tax positions in FASB ASC 740 Income Taxes. X X 0 0 0 0 0 0 0 0 0 Rene I Dominguez President and CEO 321305 0 0 0 18466 0 0 0 19586 0 359357 0 0 0 Rick A Hernandez CFO 237165 0 0 0 14847 0 0 0 13562 0 265574 0 0 0 Jessica L Harris COO 228446 0 0 0 13489 0 0 0 1658 0 243593 0 0 0 Part I, Line 3 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 January 2024, the board commissioned a compensation study to determine the reasonableness of the CEO's compensation. Part III, Line 1 Texas Research and Technology Foundation (TRTF) is San Antonio's 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 crated jobs and spurred investments. More recently, TRTF purchaed 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. Part III, Line 4a 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 Form 990, Part VI, Section A, line 2 The Foundation has entered into Agreements with DOCUmation for copiers and network technology solutions . Preston Woolfolk, Chairman of the Board of Directors is the Co-CEO of DOCUmation. The Foundation has entered into Agreements with DOCUmation for copiers and network technology solutions . Preston Woolfolk, Chairman of the Board of Directors is the Co-CEO of DOCUmation. Matthew Duke, a Board Member, owner of The South Texas Business Lawers has provided legal consulation on operating matters and has spoken as a speaker at Program Events. Form 990, Part VI, Section B, line 11b An outside accounting firm prepares and files the organization's Form 990. Management conducts a review of the draft and provides it to the 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 The Conflict of Interest Policy is included in the Employee Policy Manual and is applicable to the Board of Trustees. At the Board of Trustee's Annual Board Meeting that approves the budget (December), TRTF staff administers and renews Conflict of Interest Statements to the Board of Trustees. The Executive Comittee, along with the President and CEO, monitors for compliance and reviews any potential or actual conflicts. The Chief Operating Officer currently oversees and administers the Conflict of Interest Policy. Any member of the governing body that has a conflict of intererest on a particular matter is required to abstain from voting on that matter. Form 990, Part VI, Section B, line 15 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 January 2024, the board commissioned a compensation study to determine the reasonableness of the CEO's compensation. Form 990, Part VI, Section C, line 19 The Form 990, financial statements and other documents will be provided upon request to the public. Part XII, Line 2C: The organization selected a new auditor and accounting firm to conduct the 2024 audit and prepare the 2024 tax return. VelocityTX LLC 1305 E Houston St San Antonio TX 78205 273188112 Business Accelerator TX 533391 1466853 Texas Research and Technology Foundation Community House Charitable Trust 1305 E Houston St San Antonio TX 78205 856612408 Economic Development TX 501(c)(3) Line 12b, II Texas Research and Technology Foundation 0 Alamo Angels 1305 E Houston St San Antonio TX 78205 814133515 Economic Development TX 501(c)(6) Texas Research and Technology Foundation 0 Friends of TRTF 1305 E Houston St San Antonio TX 78205 844065430 Economic Development TX 501(c)(3) Line 12b, II Texas Research and Technology Foundation 0 Merchants Ice LLC 1305 E Houston St San Antonio TX 78205 843814142 Real Estate Holding Company TX N/A -892554 4954761 0 0 0.00500 Merchants Ice II LLC 1305 E Houston St San Antonio TX 78205 844046153 Real Estate Holding Company TX Merchants Ice Manager LLC -20724 9452317 0 0 Allen & Allen LLC 202 Culebra Rd San Antonio TX 78204 741782480 Retail / Wholesale TX Community House Charitable Trust S 267829 10242666 0 Merchants Ice Manager LLC 1305 E Houston St San Antonio TX 78205 843801368 Holding Company TX Texas Research and Technology Foundation C 1655901 13912251 1.00000 0 Quality Fence & Welding LLC 13115 Wetmore Road San Antonio TX 78247 742427107 Fencing TX Community House Charitable Trust S 1366226 11658992 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 Velocity TX P 752622 Actual Cash Value Velocity TX R 130000 Actual Cash Value Velocity TX R -130000 Actual Cash Value