2022-07-14T16:21:20-05:00 2021-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2020-09-01 756043842 TEXAS TECH FOUNDATION INC TEXA 8067429000 PO BOX 45025 LUBBOCK TX 79409 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 8067429000 2022-07-14 1 PATRICK KRAMER 999009999 MATT R WILLIS P00419741 8067473806 2022-07-14 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z PATRICK KRAMER PO BOX 45025 LUBBOCK TX 79409 97663485 0 X WWW.GIVE2TECH.COM/FOUNDATION X 1939 TX ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM. 34 34 0 45 0 0 61661312 65222025 0 0 19266511 -9973140 127663 92611 81055486 55341496 68611252 104744169 0 0 0 0 0 0 171419 1600472 1356187 70211724 106100356 10843762 -50758860 716384087 840921024 4446563 5287712 711937524 835633312 X SEE SCHEDULE O. 0 0 104744169 104744169 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 2020-2021 THE FOUNDATION TRANSFERRED $104,736,445 TO THE TEXAS TECH UNIVERSITY SYSTEM. 104744169 1 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 1 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 1 1 0 0 0 0 0 X 34 34 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 DONALD R SINCLAIR CHAIRMAN 2.00 X X 0 0 0 TIM G CULP VICE CHAIRMAN 1.00 X X 0 0 0 TIM LANCASTER SECRETARY 3.00 X X 0 0 0 GARY BARNES TREASURER 1.00 X X 0 368332 38520 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 1.00 X X 0 347140 34048 SUSAN ROSE 920 - 1120 DIRECTOR 1.00 X 0 0 0 KELLY CROFOOT DIRECTOR 1.00 X 0 0 0 TRACY K ELMS 920 - 1120 DIRECTOR 2.00 X 0 0 0 TOM FOGARTY DIRECTOR 6.00 X 0 0 0 KIMBERLY C FORD DIRECTOR 3.00 X 0 0 0 STEVE GRAY DIRECTOR 1.00 X 0 0 0 J PAT HICKMAN DIRECTOR 0.25 X 0 0 0 J KELLY JOY DIRECTOR 1.00 X 0 0 0 JAMES KEFFER 121 - 821 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 1.00 X 0 0 0 TOM STACY DIRECTOR 0.30 X 0 0 0 BEN STRIBLING DIRECTOR 1.00 X 0 0 0 DALE SWINBURN 920 - 1120 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 MIKE GAYLER 920 - 1220 DIRECTOR 2.00 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 CHRIS AULDS 920 - 1120 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 0.06 X 0 0 0 BEN STRICKLING DIRECTOR 1.00 X 0 0 0 SCOTT WISNIEWSKI DIRECTOR 1.00 X 0 0 0 CURTIS CLERKLEY DIRECTOR 1.00 X 0 0 0 DAVID TURNER DIRECTOR 1.00 X 0 0 0 DORY WILEY DIRECTOR 1.00 X 0 0 0 CHERRY WRIGHT 1120 - 821 DIRECTOR 5.00 X 0 0 0 0 715472 72568 0 0 1 0 0 X 127211 65094814 12059733 65222025 32301870 32301870 100656 100656 4950 0 4950 4950 4950 42275010 -42275010 -42275010 -42275010 33984 127211 46979 -12995 -12995 55341496 0 0 -9880529 104736445 104736445 7724 7724 24881 24881 39275 39275 216203 216203 176542 18328 158214 128942 127920 1022 167113 167113 15907 12982 2925 9258 9258 234216 234216 COMMUNICATION 172172 172172 RENTALS & LEASES 106188 106188 MATERIALS & SUPPLIES 35659 35659 PRINTING & REPRODUCTION 27361 27361 2470 2470 106100356 104744169 1184768 171419 3825656 3721439 73373616 62792269 300 4801 6898 6898 6000 853049 565362 853049 557672757 687346732 68419039 69902894 12520459 16286942 716384087 840921024 22784 67540 4423779 5220172 4446563 5287712 X 6552209 7247090 705385315 828386222 711937524 835633312 716384087 840921024 -50758860 174454648 0 X X 0 1 X 1 0 X 70971175 53440392 98513262 61661312 65222025 349808166 70971175 53440392 98513262 61661312 65222025 349808166 21454206 328353960 26945797 27903769 29894552 31774189 32571037 149089344 498897510 674345 0.65820 0.64370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 0 150000 105950356 106100356 1000000 250000 0 0 150000 150000 576940849 22437757 160601277 31741037 728238846 569518004 27872704 10357778 30807637 576940849 576097051 25402539 -2980914 29000672 569518004 549099537 21149638 33325462 27477586 576097051 514976750 18528380 39216831 23622424 549099537 0.01070 0.98880 0.00050 0 0 853049 853049 853049 65009454 F INVESTMENTS HELD BY BROKERS 4891718 F EQUITY INVESTMENTS 1722 F 69902894 234502279 174454648 4659156 46979 179160783 55341496 0 55341496 110806491 4659156 46979 4706135 106100356 0 106100356 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 46,979. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B 46,979. ENGINEERING GOLF TOURNAMENT 130870 101696 29174 9419 6130 13572 16466 SPRING ROUNDUP 21120 17550 3570 120 2 9205 7965 1240 1242 30 161195 127211 33984 9419 7372 13572 16616 46979 -12995 1 TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 STATE OF TEXAS 104736445 TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM. 1 0 SCHOLARSHIP AWARDS 1 7724 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 360000 0 0 0 8332 0 31022 0 7498 0 406852 0 0 PATRICK KRAMER CHIEF EXECUTIVE OFFICER 0 346800 0 0 0 340 0 19380 0 14668 0 381188 0 0 X 125 7550949 AVG HIGH/LOW X 1 601200 APPRAISAL X 1 425000 APPRAISAL X 1 1317960 AVG HIGH/LOW X OIL RIGS 1 2000000 APPRAISAL X COMPUTERS 1 50000 GRANT AGREEMENT 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. TTFI HOLDINGS LLC PO BOX 45025 LUBBOCK TX 79409 756043842 ACCEPTANCE AND MANAGEMENT OF GIFTS TO TEXAS TECH UNIVERSITY DE 2114627 2114627 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 104736445 CASH TEXAS TECH UNIVERSITY SYSTEM O 4319821 ALLOCATION BASED ON TIME TEXAS TECH UNIVERSITY SYSTEM N 339335 ALLOCATION BASED ON TIME