2022-07-12T08:33:41-05:00 2021-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2020-09-01 237319286 TEXAS TECH ALUMNI ASSOCIATION ENDOWMENT TRUST TEXA 8067423641 PO BOX 45001 LUBBOCK TX 79409 CURT LANGFORD DIRECTOR 8067423641 2022-07-11 1 CURT LANGFORD 999009999 MATT R WILLIS P00419741 8067473806 2022-07-11 X 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEVIN NELSON PO BOX 45001 LUBBOCK TX 79409 466033 0 X TEXASTECHALUMNI.ORG X 1973 TX TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF TEXAS TECH UNIVERSITY BY AND THROUGH ACTIVITIES OF THE TEXAS TECH ALUMNI ASSOCIATION. THE GOAL IS THE ADVANCEMENT OF HIGHER EDUCATION AND BROADER EDUCATIONAL OPPORTUNITIES INCLUDING RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS. PROVIDES SCHOLARSHIPS AND ALUMNI FACULTY AWARDS. 12 12 0 12 0 0 374611 413733 0 0 351591 -166960 0 0 726202 246773 579440 558197 0 0 0 0 0 0 0 18996 21706 598436 579903 127766 -333130 11833848 14002966 144704 95923 11689144 13907043 X TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF TEXAS TECH UNIVERSITY BY AND THROUGH ACTIVITIES OF THE TEXAS TECH ALUMNI ASSOCIATION. THE GOAL IS THE ADVANCEMENT OF HIGHER EDUCATION AND BROADER EDUCATIONAL OPPORTUNITIES INCLUDING RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS. PROVIDES SCHOLARSHIPS AND ALUMNI FACULTY AWARDS. 0 0 564228 558197 PROVIDE SCHOLARSHIPS AND AWARDS TO THE STUDENTS OF TEXAS TECH UNIVERSITY FROM THE ENDOWED FUNDS' EARNINGS AND CONTRIBUTIONS FOR SUCH PURPOSES FROM ALUMNI OF TEXAS TECH UNIVERSITY. 564228 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X TEXAS TECH ALUMNI ASSOCIATION 8067423641 17TH AND UNIVERSITY STREET LUBBOCK TX 79409 MIKE GAYLER CHAIRMAN 2.00 1.00 X X 0 0 0 BILL BROWN BOARD MEMBER 2.00 1.00 X 0 0 0 CURT LANGFORD BOARD MEMBER 2.00 40.00 X 0 194153 0 RICK OVERTON 920 - 1220 BOARD MEMBER 1.00 1.00 X 0 0 0 REX ISOM 920 - 1220 BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID WAGGONER 920 - 1220 BOARD MEMBER 1.00 1.00 X 0 0 0 RANDY GOLDEN BOARD MEMBER 1.00 1.00 X 0 0 0 NATHAN NASH BOARD MEMBER 1.00 1.00 X 0 0 0 REBECCA RAMIREZ BOARD MEMBER 1.00 1.00 X 0 0 0 STACI HERNANDEZ BOARD MEMBER 1.00 1.00 X 0 0 0 MARK JONES BOARD MEMBER 1.00 1.00 X 0 0 0 DAVID MILLER BOARD MEMBER 1.00 1.00 X 0 0 0 RUSS WEBB BOARD MEMBER 1.00 1.00 X 0 0 0 TYLER YOUNG BOARD MEMBER 1.00 1.00 X 0 0 0 KEVIN NELSON BOARD MEMBER 1.00 1.00 X 0 0 0 0 194153 0 0 0 1 0 0 X 413733 413733 52300 52300 219260 -219260 -219260 -219260 246773 0 0 -166960 558197 558197 15675 15675 MISCELLANEOUS EXPENSE 6031 6031 579903 564228 15675 0 132690 95529 2409834 2810679 423046 430488 8742528 10665770 125750 500 11833848 14002966 22950 11000 111000 84548 375 10754 0 144704 95923 X 11689144 13907043 11689144 13907043 11833848 14002966 -333130 2551029 0 X X 0 1 X 1 0 X 804072 692452 824286 374611 413733 3109154 804072 692452 824286 374611 413733 3109154 3109154 361292 285331 328667 138420 52300 1166010 4275164 0.72730 0.72320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11689144 413733 2384069 558197 6031 15675 13907043 11762876 374611 150093 579440 18996 11689144 11537967 824286 -71708 502630 5526 19513 11762876 10546917 692452 684835 358445 8299 19493 11537967 9234691 804072 933944 405367 52 20371 10546917 1.00000 0 0 0 X 2797802 2551029 2551029 246773 0 246773 579903 0 579903 0 579903 PART V, LINE 4: TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF TEXAS TECH UNIVERSITY BY AND THROUGH ACTIVITIES OF THE TEXAS TECH ALUMNI ASSOCIATION. THE GOAL IS THE ADVANCEMENT OF HIGHER EDUCATION AND BROADER EDUCATIONAL OPPORTUNITIES INCLUDING RESEARCH AND OTHER LITERARY AND SCIENTIFIC UNDERTAKINGS. PROVIDES SCHOLARSHIPS AND ALUMNI FACULTY AWARDS. PART X, LINE 2: THE ENDOWMENT TRUST HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ENDOWMENT TRUST IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ENDOWMENT TRUST DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS), OR OTHER STATE TAXING AUTHORITIES. THE ENDOWMENT TRUST IS NO LONGER SUBJECT TO EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2018. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR ENDED AUGUST 31, 2021. 1 SCHOLARSHIPS 480 558197 PART I, LINE 2: GRANTS FOR SCHOLARSHIPS ARE MADE DIRECTLY TO TEXAS TECH UNIVERSITY. THE UNIVERSITY CONFIRMS THE STUDENTS ARE IN SCHOOL AND ELIGIBLE FOR THE SCHOLARSHIPS. 0 0 0 0 0 0 0 0 0 CURT LANGFORD BOARD MEMBER 0 194153 0 0 0 0 0 0 0 0 0 194153 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ENDOWMENT OFFICERS AND IS THEN MADE AVAILABLE TO THE OTHER BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE LOCATED IN LUBBOCK, TX. FORM 990, PART VIII, LINE 7 THE INVESTMENTS OF THE ENDOWMENT 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 ENDOWMENT. AS SUCH THE ENDOWMENT IS REPORTING THE NET LOSS ON LINE 7B. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE. THE COMMITTEE IS IN CHARGE OF SELECTING THE INDEPENDENT CPA TO PERFORM THE AUDIT, AND TO OVERSEE THE AUDIT. THIS PROCEDURE HAS NOT CHANGED FROM PRIOR YEARS. TEXAS TECH ALUMNI ASSOCIATION PO BOX 45001 LUBBOCK TX 79409 756036607 TO CULTIVATE LOYALTY, TRADITION, SERVICE AND SUPPORT FOR TTU. TX 501(C)(3) LINE 5 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 TEXAS TECH ALUMNI ASSOCIATION N 0 LESS THAN $50,000 TEXAS TECH ALUMNI ASSOCIATION O 0 LESS THAN $50,000