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TEXAS ACADEMY OF MEDICINE ENGINEERING SCIENCE AND TECHNOLOGY: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TEXAS ACADEMY OF MEDICINE ENGINEERING SCIENCE AND TECHNOLOGY (EIN 20-1014851)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-15
IRS object ID
202502889349302415
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-10-15T13:36:54-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN134255527PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CALVETTI FERGUSONBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1250 W NOTTINGHAM DR SUITE 100AddressLine1Txt
CitySAN ANTONIOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78209ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201014851EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TEXAS ACADEMY OF MEDICINE ENGINEERINGBusinessNameLine1Txt
Business Name Line2SCIENCE AND TECHNOLOGYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlTEXABusinessNameControlTxt
Phone5124713823PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13925 W BRAKER LANE 38018AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78759ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERRENCE HENRYPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5124713823PhoneNum
Signature2025-10-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIMIKO BACAPreparerPersonNm
PTINP01268795PTIN
Phone2105363200PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTERRENCE HENRYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13925 W BRAKER LANE 38018AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78759ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,678,457GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.TAMEST.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTAMEST BRINGS THE STATE'S TOP SCIENTIFIC, ACADEMIC AND CORPORATE MINDS TOGETHER TO FURTHER POSITION TEXAS AS A NATIONAL RESEARCH LEADER.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee8TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$704,532PYContributionsGrantsAmt
CY Contributions Grants$890,450CYContributionsGrantsAmt
PY Program Service Revenue$512,275PYProgramServiceRevenueAmt
CY Program Service Revenue$337,731CYProgramServiceRevenueAmt
PY Investment Income$424,817PYInvestmentIncomeAmt
CY Investment Income$450,276CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,641,624PYTotalRevenueAmt
CY Total Revenue$1,678,457CYTotalRevenueAmt
PY Grants And Similar Paid$136,504PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$145,200CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$740,683PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$852,098CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$530,288PYOtherExpensesAmt
CY Other Expenses$703,843CYOtherExpensesAmt
PY Total Expenses$1,407,475PYTotalExpensesAmt
CY Total Expenses$1,701,141CYTotalExpensesAmt
PY Revenues Less Expenses$234,149PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$22,684CYRevenuesLessExpensesAmt
Total Assets BOY$20,445,376TotalAssetsBOYAmt
Total Assets EOY$23,134,428TotalAssetsEOYAmt
Total Liabilities BOY$67,342TotalLiabilitiesBOYAmt
Total Liabilities EOY$319,354TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$20,378,034NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$22,815,074NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE BROADER RECOGNITION OF THE STATE'S TOP ACHIEVERS IN MEDICINE, ENGINEERING AND SCIENCE, AND TO BUILD A STRONGER IDENTITY FOR TEXAS AS AN IMPORTANT DESTINATION AND CENTER OF ACHIEVEMENT IN THESE FIELDS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$773,320ExpenseAmt
Grant$145,200GrantAmt
DescTHE O'DONNELL AWARDS ANNUALLY RECOGNIZE RISING TEXAS RESEARCHERS WHO ARE ADDRESSING THE ESSENTIAL ROLE THAT SCIENCE AND TECHNOLOGY PLAY IN SOCIETY, AND WHOSE WORK MEETS THE HIGHEST STANDARDS OF EXEMPLARY PROFESSIONAL PERFORMANCE, CREATIVITY AND RESOURCEFULNESS. THROUGH THESE AWARDS, TAMEST PROMOTES BROADER AWARENESS OF THE STATE'S TOP ACHIEVERS IN MEDICINE, ENGINEERING AND SCIENCE, AND BUILDS A STRONGER IDENTITY FOR TEXAS AS AN IMPORTANT DESTINATION AND CENTER OF ACHIEVEMENT IN THESE FIELDS. EVERY YEAR, TAMEST RECOGNIZES THESE EMERGING RESEARCHERS AT ITS ANNUAL CONFERENCE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$399,221ExpenseAmt
Revenue$337,731RevenueAmt
Desc2024 ANNUAL CONFERENCE: FORWARD TEXAS: ACCELERATING CHANGE. THE TAMEST 2024 ANNUAL CONFERENCE GATHERED SOME OF OUR MOST CELEBRATED AND INNOVATIVE RESEARCHERS TO EXAMINE HOW SCIENCE AND TECHNOLOGY ARE LEADING TO FUNDAMENTAL CHANGES IN SOCIETY. THE CROSS-DISCIPLINARY PROGRAM FOCUSED ON FOUR PROFOUND SCIENTIFIC TRANSITIONS UNDERWAY: CRISPR GENE EDITING, "BIG" DATA SCIENCE, RENEWABLE ENERGY AND DECARBONIZATION.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$127,131ExpenseAmt
DescTEXAS DEFENSE/AEROSPACE INNOVATION ECOSYSTEM PROJECT. THE GOAL IS TO DEVELOP A POWERFUL INNOVATION ECOSYSTEM TO SERVE NATIONAL SECURITY NEEDS, WHICH WILL RESULT IN LARGE AMOUNTS OF ADDITIONAL RESEARCH FUNDING, ENTREPRENEURIAL OPPORTUNITY, AND ECONOMIC RETURNS FOR TEXAS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescTAMEST NATURAL HAZARDS SUMMIT: RESPONDING TO AND MITIGATING THE IMPACTS. THE SUMMIT WILL HIGHLIGHT THE INFLUENCE OF NATURAL HAZARDS ON THE ECONOMY AND WELL-BEING OF COMMUNITIES IN TEXAS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,299,672TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee8EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDEBBIE KIMPersonNm
Phone5122324211PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13925 W BRAKER LANE 38018AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78759ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
BONNIE BARTEL PHD
DIRECTOR1.000.00Yes (X)$0$0$0
RENA BIZIOS PHD
DIRECTOR1.000.00Yes (X)$0$0$0
PALLAB K CHATTERJEE PHD
DIRECTOR1.000.00Yes (X)$0$0$0
STEPHEN FUSELIER PHD
DIRECTOR1.000.00Yes (X)$0$0$0
RODERIC PETTIGREW MD PHD
DIRECTOR1.000.00Yes (X)$0$0$0
KENNETH RAMOS PHD
DIRECTOR1.000.00Yes (X)$0$0$0
MARLAN O SCULLY PHD
DIRECTOR1.000.00Yes (X)$0$0$0
GANESH C THAKUR PHD
PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
CHERYL LYN WALKER PHD
VICE PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
BRENDAN LEE MD PHD
PAST PRESIDENT1.000.00Yes (X)$0$0$0Yes (X)
SELDA GUNSEL
TREASURER1.000.00Yes (X)$0$0$0Yes (X)
KIM ORTH PHD
SECRETARY1.000.00Yes (X)$0$0$0Yes (X)
DUOJIA PAN PHD
TREASURER-ELECT1.000.00Yes (X)$0$0$0Yes (X)
TERRENCE HENRY
EXECUTIVE DIRECTOR40.000.00$184,334$0$19,863Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$184,334TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$19,863TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$390,000MembershipDuesAmt
All Other Contributions$500,450AllOtherContributionsAmt
Total Contributions$890,450TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescCONFERENCE INCOMEDesc
Business900099BusinessCd
Total Revenue Column$337,731TotalRevenueColumnAmt
Related Or Exempt Func Income$337,731RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$337,731TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$450,276TotalRevenueColumnAmt
Exclusion$450,276ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,678,457TotalRevenueColumnAmt
Related Or Exempt Func Income$337,731RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$450,276ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$145,200TotalAmt
Program Services$145,200ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$240,373TotalAmt
Program Services$161,050ProgramServicesAmt
Management And General$79,323ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$611,725TotalAmt
Program Services$409,856ProgramServicesAmt
Management And General$201,869ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$140,181TotalAmt
Program Services$106,187ProgramServicesAmt
Management And General$33,994ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$136,950TotalAmt
Program Services$90,545ProgramServicesAmt
Management And General$46,405ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,920TotalAmt
Program Services$717ProgramServicesAmt
Management And General$1,203ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$20,290TotalAmt
Program Services$10,810ProgramServicesAmt
Management And General$9,480ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$17,128TotalAmt
Program Services$17,128ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$18,116TotalAmt
Program Services$16,673ProgramServicesAmt
Management And General$1,443ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$22,876TotalAmt
Program Services$800ProgramServicesAmt
Management And General$22,076ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,821TotalAmt
Management And General$3,821ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
MEALS$204,881$204,107$774
AUDIO AND VISUAL$127,307$127,307
PRINTING & REPRODUCTION$10,373$9,292$1,081

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,701,141TotalAmt
Program Services$1,299,672ProgramServicesAmt
Management And General$401,469ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$284,549BOYAmt
EOY$421,279EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$162,802BOYAmt
EOY$75,359EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$111,315BOYAmt
EOY$157,202EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$19,886,710BOYAmt
EOY$22,480,588EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,445,376BOYAmt
EOY$23,134,428EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$67,342BOYAmt
EOY$319,354EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$67,342BOYAmt
EOY$319,354EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,432,175BOYAmt
EOY$7,007,230EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$14,945,859BOYAmt
EOY$15,807,844EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,378,034BOYAmt
EOY$22,815,074EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,445,376BOYAmt
EOY$23,134,428EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$22,684ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$2,459,724NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$528,635CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,899,325CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$483,050CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$704,532CurrentTaxYearMinus1YearAmt
Current Tax Year$890,450CurrentTaxYearAmt
Total$4,505,992TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$528,635CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,899,325CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$483,050CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$704,532CurrentTaxYearMinus1YearAmt
Current Tax Year$890,450CurrentTaxYearAmt
Total$4,505,992TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$408,272SubstantialContributorsTotAmt
Public Support Total170$4,097,720PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$392,202CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$374,095CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$407,241CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$424,817CurrentTaxYearMinus1YearAmt
Current Tax Year$450,276CurrentTaxYearAmt
Total$2,048,631TotalAmt
FieldValueIRS element (for citing)
Total Support$6,554,623TotalSupportAmt
Gross Receipts Rltd Activities$1,048,446GrossReceiptsRltdActivitiesAmt
Public Support CY1700.62520PublicSupportCY170Pct
Public Support PY1700.65170PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$17,202,079BeginningYearBalanceAmt
Contributions$3,500ContributionsAmt
Investment Earnings Or Losses$2,410,174InvestmentEarningsOrLossesAmt
Grants Or Scholarships$165,500GrantsOrScholarshipsAmt
Other Expenditures$548,000OtherExpendituresAmt
End Year Balance$18,902,253EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$15,616,462BeginningYearBalanceAmt
Contributions$2,000ContributionsAmt
Investment Earnings Or Losses$2,340,659InvestmentEarningsOrLossesAmt
Grants Or Scholarships$200,000GrantsOrScholarshipsAmt
Other Expenditures$557,042OtherExpendituresAmt
End Year Balance$17,202,079EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$18,344,219BeginningYearBalanceAmt
Contributions$3,250ContributionsAmt
Investment Earnings Or Losses-$2,041,007InvestmentEarningsOrLossesAmt
Grants Or Scholarships$125,000GrantsOrScholarshipsAmt
Other Expenditures$565,000OtherExpendituresAmt
End Year Balance$15,616,462EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$15,628,052BeginningYearBalanceAmt
Contributions$1,150,999ContributionsAmt
Investment Earnings Or Losses$2,116,168InvestmentEarningsOrLossesAmt
Grants Or Scholarships$100,000GrantsOrScholarshipsAmt
Other Expenditures$451,000OtherExpendituresAmt
End Year Balance$18,344,219EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$14,601,236BeginningYearBalanceAmt
Contributions$500ContributionsAmt
Investment Earnings Or Losses$1,576,316InvestmentEarningsOrLossesAmt
Grants Or Scholarships$100,000GrantsOrScholarshipsAmt
Other Expenditures$450,000OtherExpendituresAmt
End Year Balance$15,628,052EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.17794BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.74148PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.08059TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$4,100,988TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$2,459,724NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$102,988DonatedServicesAndUseFcltsAmt
Revenue Not Reported$2,562,712RevenueNotReportedAmt
Revenue Subtotal$1,538,276RevenueSubtotalAmt
Investment Expenses Not Incld$140,181InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$140,181RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,678,457TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,663,948TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$102,988DonatedServicesUseFcltsAmt
Expenses Not Reported$102,988ExpensesNotReportedAmt
Expenses Subtotal$1,560,960ExpensesSubtotalAmt
Investment Expenses Not Incld2$140,181InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$140,181ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,701,141TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART V, LINE 4:FormAndLineReferenceDesc
ExplanationSPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY CONSISTENT WITH THE ACADEMY'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN, THE ACADEMY HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR AS FOLLOWS: TAMEST ENDOWMENT - AN ANNUAL DISTRIBUTION FROM THE FUND MAY BE MADE OF UP TO 5% OF THE FUND BASED ON THE AVERAGE ENDING MARKET VALUE OF THE PORTFOLIO ON DECEMBER 31ST FROM THE PREVIOUS THREE YEARS. ANY UNSPENT FUNDS DISTRIBUTED UNDER THE POLICY ARE TO BE DEPOSITED INTO THE UNRESTRICTED FUND FOR FUTURE USE RATHER THAN BEING ROLLED BACK INTO THE ENDOWMENT. O'DONNELL AWARD ENDOWMENT - THE O'DONNELL AWARD ENDOWMENT MAY DISTRIBUTE THE MINIMUM OF $125,000 OR 5% OF THE VALUE OF THE FUND. THE PERPETUALLY RESTRICTED ENDOWMENT FUNDS WILL NEVER BE INVADED. DISTRIBUTIONS FROM THE ENDOWMENT WILL BE SPENT ONLY FOR THE EDITH AND PETER O'DONNELL AWARDS OR COSTS DIRECTLY RELATED TO THE AWARDS. ANY UNUSED DISTRIBUTIONS WILL BE RETURNED TO THE ENDOWMENT EACH YEAR. A PORTION OF THE ENDOWMENT INCOME SHOULD BE USED TO OBTAIN STATEWIDE PUBLICITY OF THE AWARD.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
EDITH & PEER O'DONNELL AWARD5$125,000
MARY BETH MADDOX AWARD AND LECTURESHIP1$5,000

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonTERRENCE HENRYPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$184,334BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$19,863NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$204,197TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTIONTEXAS ACADEMY OF MEDICINE, ENGINEERING, SCIENCE AND TECHNOLOGY 3925 W BRAKER LANE, SUITE 3.8018 AUSTIN, TX 78759 EMPLOYER IDENTIFICATION NUMBER: 20-1014851 FOR THE YEAR ENDING DECEMBER 31, 2024 TEXAS ACADEMY OF MEDICINE, ENGINEERING, SCIENCE AND TECHNOLOGY [TAMEST] IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
FORM 990, PART VI, SECTION A, LINE 6TAMEST MEMBERS REPRESENT A SIGNIFICANT NUMBER OF UNIVERSITIES, ORGANIZATIONS AND COMPANIES THROUGHOUT TEXAS. ALL TEXAS MEMBERS OF THE NATIONAL ACADEMY OF MEDICINE (NAM), NATIONAL ACADEMY OF ENGINEERING (NAE), NATIONAL ACADEMY OF SCIENCES (NAS), ROYAL SOCIETY, ROYAL ACADEMY OF ENGINEERING AND THE STATE'S 11 NOBEL LAUREATES ARE MEMBERS OF TAMEST. TAMEST MEMBER INSTITUTIONS ARE TEXAS UNIVERSITIES WHERE TAMEST MEMBERS HOLD POSITIONS ON THE FACULTY OR IN THE ADMINISTRATION.
FORM 990, PART VI, SECTION A, LINE 7ADIRECTORS SHALL BE ELECTED BY THE VOTE OF THE MEMBERSHIP OF THE ACADEMY, WHICH SHALL BE CONDUCTED ANNUALLY. THE BOARD OF DIRECTORS MAY AUTHORIZE MEMBERS TO VOTE BY MAIL, FACSIMILE OR ELECTRONIC TRANSMISSION, OR ANY COMBINATION THEREOF, ON THE ELECTION OF DIRECTORS OR ON ANY OTHER MATTER ON WHICH THE MEMBERS MAY VOTE.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO BEING FILED.
FORM 990, PART VI, SECTION B, LINE 15ATHE EXECUTIVE DIRECTOR HAS AN ANNUAL PERFORMANCE EVALUATION BY THE PRESIDENT OF THE BOARD OF DIRECTORS. THE PRESIDENT, PAST PRESIDENT, VICE PRESIDENT, TREASURER, AND TREASURER-ELECT COMPRISE THE COMPENSATION COMMITTEE, WHICH RECOMMENDS COMPENSATION INCREASES FOR THE EXECUTIVE DIRECTOR. DURING THE EVALUATION PROCESS, THE EXECUTIVE DIRECTOR PROVIDES THE EXECUTIVE COMMITTEE A LIST OF ACCOMPLISHMENTS FROM THE PREVIOUS YEAR, AND A LIST OF GOALS FOR THE UPCOMING YEAR. EVALUATION FORMS ARE DISTRIBUTED TO THE EXECUTIVE COMMITTEE IN MARCH/APRIL. COMPLETED EVALUATION FORMS ARE SUBMITTED TO THE PRESIDENT BY APRIL 30TH. THE PRESIDENT FACILITATES A CONFIDENTIAL DISCUSSION WITH THE COMPENSATION COMMITTEE. THE PRESIDENT PROVIDES A SUMMARIZED WRITTEN REVIEW FOR DISCUSSION WITH THE EXECUTIVE DIRECTOR BY JUNE 15TH.
FORM 990, PART VI, SECTION C, LINE 19CERTAIN OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
PART VII, SECTION A, LINE 1ATHE ORGANIZATION HAS A LETTER OF AGREEMENT WITH THE UNIVERSITY OF TEXAS (UT) WHICH STATES THAT UT WILL ADMINISTER THE TEXAS ACADEMY OF MEDICINE, ENGINEERING, SCIENCE AND TECHNOLOGY (TAMEST) OERATING EXPENSES WITH REGARD TO STAFF COSTS. TAMEST IS INVOICED FOR THE EXPENSES AND ONCE APPROVED, ARE BOOKED INTO THE TAMEST GENERAL LEDGER AND THE FUNDS ARE TRANSFERRED FROM TAMEST TO UT FOR PAYMENT. TAMEST PRESENTS THE STAFF COSTS, BUT DOES NOT ISSUE THE W-2S.
FORM 990, PART XII, LINE 2CTHE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.

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