2023-07-17T15:00:10-05:00 2022-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2021-09-01 756043842 TEXAS TECH FOUNDATION INC TEXA 8067429000 PO BOX 45025 LUBBOCK TX 79409 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 8067429000 2023-07-17 1 PATRICK KRAMER 999009999 MATT R WILLIS P00419741 8067473806 2023-07-17 X 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PATRICK KRAMER PO BOX 45025 LUBBOCK TX 79409 152039330 0 X WWW.GIVE2TECH.COM/FOUNDATION X 1939 TX ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM. 35 35 0 45 0 0 65222025 116183868 0 0 -9973140 8914426 92611 238678 55341496 125336972 104744169 95045254 0 0 0 0 0 0 262338 1356187 1767876 106100356 96813130 -50758860 28523842 840921024 849587948 5287712 4223248 835633312 845364700 X SEE SCHEDULE O. 0 0 95045254 95045254 THE ORGANIZATION WAS FOUNDED TO FUNCTION AS A CONDUIT FOR THE ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF PRIVATE GIFTS GIVEN FOR THE ACTIVITIES AND PROGRAMS RELATED TO THE MISSION, ROLE, AND SCOPE OF THE TEXAS TECH UNIVERSITY SYSTEM. DURING 2021-2022 THE FOUNDATION TRANSFERRED $95,045,254 TO THE TEXAS TECH UNIVERSITY SYSTEM AND AFFILIATED FOUNDATIONS. IT ALSO AWARDED 1 SCHOLARSHIP. 95045254 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 35 35 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AK CO FL ME MD MA MI NH OH SC TN WA WV X TEXAS TECH UNIVERSITY SYSTEM 8067429000 1508 KNOXVILLE AVE LUBBOCK TX 79409 TIM G CULP CHAIRMAN 2.00 X X 0 0 0 TIM LANCASTER VICE CHAIRMAN 3.00 X X 0 0 0 GARY BARNES TREASURER 1.00 X X 0 375508 39376 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 1.00 X X 0 341313 34381 KIMBERLY C FORD SECRETARY 3.00 X X 0 0 0 STEVE GRAY DIRECTOR 1.00 X 0 0 0 J PAT HICKMAN DIRECTOR 0.25 X 0 0 0 JAMES KEFFER DIRECTOR 1.00 X 0 0 0 TOM MATHIASMEIER DIRECTOR 2.00 X 0 0 0 GEORGE MCMAHAN DIRECTOR 1.00 X 0 0 0 MICHAEL F OWEN MD DIRECTOR 5.00 X 0 0 0 JACK RENTZ DIRECTOR 1.00 X 0 0 0 DAVID SEGREST DIRECTOR 1.50 X 0 0 0 JIM SKINNER DIRECTOR 2.00 X 0 0 0 TOM STACY DIRECTOR 0.30 X 0 0 0 BEN STRIBLING DIRECTOR 1.00 X 0 0 0 ROBERT TAYLOR JR DIRECTOR 8.00 X 0 0 0 LESLIE WARD DIRECTOR 1.00 X 0 0 0 CLAY CASH DIRECTOR 1.00 X 0 0 0 DENNIS KRUSE DIRECTOR 1.00 X 0 0 0 RANDY MORRIS DIRECTOR 2.00 X 0 0 0 CHRISTI QUINN DIRECTOR 1.50 X 0 0 0 LEA WRIGHT DIRECTOR 1.00 X 0 0 0 BRADLEY BOUMA DIRECTOR 2.00 X 0 0 0 KYLE MCGRAW DIRECTOR 1.00 X 0 0 0 HOLLAND O'NEAL DIRECTOR 0.25 X 0 0 0 BEN STRICKLING DIRECTOR 1.00 X 0 0 0 SCOTT WISNIEWSKI DIRECTOR 1.00 X 0 0 0 DORY WILEY DIRECTOR 1.00 X 0 0 0 CHERRY WRIGHT DIRECTOR 1.00 X 0 0 0 DAVID ALDERSON DIRECTOR 1.00 X 0 0 0 WALT CATHEY DIRECTOR 1.00 X 0 0 0 ROBERT L DUNCAN DIRECTOR 1.00 X 0 0 0 THOMAS NELSON DIRECTOR 1.00 X 0 0 0 JUAN NEVAREZ DIRECTOR 1.00 X 0 0 0 BARRY STREET DIRECTOR 1.00 X 0 0 0 TIM WINN DIRECTOR 1.00 X 0 0 0 0 716821 73757 0 0 1 0 0 X 601051 115582817 23385022 116183868 35336838 35336838 221386 221386 89831 0 89831 89831 89831 26422412 -26422412 -26422412 -26422412 207407 601051 279946 -72539 -72539 125336972 0 0 9153104 95036759 95036759 8495 8495 183 183 82199 82199 180000 180000 167414 167414 261589 21628 239961 202297 189506 12791 112389 112389 51027 48613 2414 7172 7172 228931 228931 RENTALS & LEASES 319260 319260 MATERIALS & SUPPLIES 64807 64807 COMMUNICATION 58979 58979 FEES & CHARGES 23483 23483 8146 8146 96813130 95045254 1505538 262338 3721439 2948877 62792269 56745959 4801 1582 6898 6898 6000 6000 428049 853049 428049 687346732 718883401 69902894 55622495 16286942 14944687 840921024 849587948 67540 103265 5220172 4119983 5287712 4223248 X 7247090 6657145 828386222 838707555 835633312 845364700 840921024 849587948 X 28523842 -18841159 48705 0 X X 0 1 X 1 0 X 53440392 98513262 61661312 65222025 116183868 395020859 53440392 98513262 61661312 65222025 116183868 395020859 26995450 368025409 27903769 29894552 31774189 32571037 35648055 157791602 552812461 779021 0.66570 0.65820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180000 0 180000 96633130 96813130 1000000 250000 0 0 150000 180000 330000 728238846 57081957 -7451054 34814031 743055718 576940849 22437757 160601277 31741037 728238846 569518004 27872704 10357778 30807637 576940849 576097051 25402539 -2980914 29000672 569518004 549099537 21149638 33325462 27477586 576097051 0.01040 0.98810 0.00150 0 0 428049 428049 428049 51232288 F INVESTMENTS HELD BY BROKERS 4388572 F EQUITY INVESTMENTS 1635 F 55622495 127973793 -18841159 4755189 16722791 2636821 125336972 0 125336972 118291110 4755189 16722791 21477980 96813130 0 96813130 PART V, LINE 4: THE ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE FUNDS FOR THE ADMINISTRATION OF TEXAS TECH UNIVERSITY, THE TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER, ANGELO STATE UNIVERSITY AND TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER EL PASO. THE ENDOWMENT FUNDS ALSO PROVIDE SCHOLARSHIPS FOR THE STUDENTS WHO ATTEND THESE SCHOOLS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B 279,946. RED RAIDER FACILITIES FOUNDATION INCOME 16,442,845. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B 279,946. RED RAIDER FACILITIES FOUNDATION INCOME 16,442,845. DALLAS SCHOLARSHIP EVENT 241100 153852 87248 39075 64138 30360 14983 SPRING ROUNDUP 196959 137529 59430 800 8215 3 370399 309670 60729 10632 9065 38326 40180 24172 808458 601051 207407 10632 48140 102464 71340 47370 279946 -72539 1 TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 STATE OF TEXAS 94786759 0 TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM. RED RAIDER FACILITIES FOUNDATION INC 801 CHERRY STREET FT WORTH TX 76102 873740602 501(C)(3) 250000 0 TO SUPPORT AND PROMOTE, AND OTHERWISE HOLD, INVEST AND ADMINISTER PROPERTY AND MAKE EXPENDITURES FOR THE BENEFIT OF ATHLETICS AT TEXAS TECH UNIVERSITY. 2 0 SCHOLARSHIP AWARDS 2 8495 PART I, LINE 2: THE ORGANIZATION'S PURPOSE IS TO PROVIDE FUNDS TO THE TEXAS TECH UNIVERSITY SYSTEM FOR SCHOLARSHIPS AND ADMINISTRATION OF THE UNIVERSITY. THE UNIVERSITY AWARDS THE SCHOLARSHIPS TO THE STUDENTS AND THEN MONITORS THE SCHOLARSHIP. 0 0 0 0 0 0 0 0 0 GARY BARNES TREASURER 0 370000 0 0 0 5508 0 31878 0 7498 0 414884 0 0 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 0 341313 0 0 0 0 0 19720 0 14661 0 375694 0 0 X 192 22611977 AVG HIGH/LOW X LIFE INSURANCE POLICIES 5 717957 CASH SURRENDER VALUE 0 1 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE FOUNDATION IS AN ADVOCATE FOR SUCCESSFUL PERFORMANCE BY: - POSITIONING TEXAS TECH UNIVERSITY SYSTEM AS AN INSTITUTION OF DISTINCTION; - RAISING FUNDS ON BEHALF OF THE UNIVERSITIES AND HEALTH SCIENCES CENTERS; - STEWARDSHIP OF FUNDS, CARING FOR DONORS, AND REPORTING ON GIFTS AND ENDOWMENTS; - A PARTNERSHIP APPROACH WITH THE BOARD OF REGENTS ON INVESTMENT AND OVERSIGHT; - AND SUPPORTING AND PROMOTING ALL COLLEGES, SCHOOL PROGRAMS, AND CAMPUSES OF THE TEXAS TECH UNIVERSITY SYSTEM. THE FOUNDATION WAS FORMED TO SEEK AND OBTAIN GIFTS FOR THE INSTITUTIONS; TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY OF ANY TYPE GIVEN TO THE INSTITUTIONS OR FOR THE BENEFIT OF THE INSTITUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF THE INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 3 TEXAS TECH UNIVERSITY PROVIDES THE FOUNDATION WITH ACCOUNTING AND FUND RAISING SERVICES, PERSONNEL, AND FACILITIES TO CONDUCT THE FOUNDATION'S BUSINESS. ALL ARE PROVIDED AT NO COST TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 IS REVIEWED BY THE FOUNDATION TREASURER AND CEO PRIOR TO SUBMISSION. THE FULL BOARD WILL BE PROVIDED WITH A COMPLETED COPY OF THE RETURN AT THE NEXT FOUNDATION BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL BOARD MEMBERS MUST REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN OFF THAT THEY WILL COMPLY. EACH BOARD MEMBER IS REQUIRED TO BRING TO THE ATTENTION OF THE ENTIRE BOARD ANY POTENTIAL CONFLICTS AND EXCUSE THEMSELVES FROM ANY VOTES WHERE A CONFLICT, OR THE APPEARANCE OF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST AT THE ORGANIZATIONS OFFICE LOCATED IN LUBBOCK, TEXAS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL PROVIDE A COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANYONE REQUESTING A COPY. THESE ITEMS ARE AVAILABLE TO THE PUBLIC AT THE FOUNDATION'S OFFICES IN LUBBOCK, TX. FORM 990, PART VIII, LINE 7 THE INVESTMENTS OF THE FOUNDATION ARE COMINGLED WITH THE INVESTEMENTS OF THE UNIVERSITY TO REALIZE THE BENEFITS OF HIGHER LONG-TERM INVESTMENT RETURNS, GREATER PORTFOLIO DIVERSITY AND LOWER INVESTMENT MANAGEMENT COSTS. DUE TO THIS INVESTMENT STRUCTURE THERE IS NOT ENOUGH INFORMATION TO REPORT THE GROSS PROCEEDS AND COST RELATED TO THE SALE OF INVESTMENTS. ONLY THE NET GAIN OR LOSS FROM THE INVESTMENT FUND ARE REPORTED TO THE FOUNDATION. AS SUCH THE FOUNDATION IS REPORTING THE NET LOSS ON LINE 7B. FORM 990, PART XII, LINE 2C THE FOUNDATION'S BOARD ASSIGNS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT CPA WHO WILL PERFORM THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART XI, LINE 8 PRIOR PERIOD ADJUSTMENT - A RESTATEMENT OF BEGINNING NET POSITION FOR FISCAL YEAR 2022 WAS NECESSARY TO APPROPRIATELY ACCOUNT FOR THE FOUNDATION'S PROPORTIONAL SHARE OF INVESTMENT BALANCES INCLUDING FAIR VALUE ADJUSTMENTS OF INVESTMENTS BETWEEN THE FOUNDATION AND THE SYSTEM'S COMBINED FINANCIALS. THIS RESTATEMENT RESULTED IN THE EXCHANGE OF CASH EQUIVALENTS FOR INVESTMENTS IN THE AMOUNT OF $671,255 AND RECOGNIZING A FAIR VALUE ADJUSTMENT OF INVESTMENTS OF $48,705. TTFI HOLDINGS LLC PO BOX 45025 LUBBOCK TX 79409 756043842 ACCEPTANCE AND MANAGEMENT OF GIFTS TO TEXAS TECH UNIVERSITY DE 0 2169715 TEXAS TECH FOUNDATION INC TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 INSTITUTION OF HIGHER LEARNING TX 501(C)(3) LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TEXAS TECH UNIVERSITY SYSTEM B 94786759 CASH TEXAS TECH UNIVERSITY SYSTEM O 4548160 ALLOCATION BASED ON TIME TEXAS TECH UNIVERSITY SYSTEM N 207028 ALLOCATION BASED ON TIME