2019-07-12T08:45:33-05:00 2018-08-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2017-09-01 756043842 TEXAS TECH FOUNDATION INC TEXA 8067429000 PO BOX 45025 LUBBOCK TX 79409 GARY BARNES TREASURER 8067429000 2019-07-05 1 MATT R WILLIS P00419741 8067473806 2019-07-05 X 65.182.80.152 2019-07-05 13:30:57 CD P D9E0A4595174F1DF063C54957216FC21122CDCDE 63C74B8E815B1F0816197D2F3E7BFD2222AD4123 2017 2019-02-21 02:37:17Z GARY BARNES PO BOX 45025 LUBBOCK TX 79409 93504794 0 X WWW.GIVE2TECH.COM/FOUNDATION X 1939 TX ACCEPTANCE, INVESTMENT, AND DISTRIBUTION OF GIFTS FOR THE BENEFIT OF THE TTU SYSTEM. 36 36 0 44 0 0 70971175 53440392 0 0 44129610 19910143 66148 -135006 115166933 73215529 66008784 53972809 0 0 0 0 0 0 720767 3045072 2815029 69053856 56787838 46113077 16427691 647744824 680901283 211766 4142325 647533058 676758958 X SEE SCHEDULE O. 0 0 53972809 53972809 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. 53972809 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 X 36 36 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X TEXAS TECH UNIVERSITY SYSTEM 8067429000 1508 KNOXVILLE AVE LUBBOCK TX 79409 X DON MADDOX CHAIRMAN 2.00 X X 0 0 0 DONALD R SINCLAIR VICE CHAIRMAN 0.75 X X 0 0 0 J DALE REDMAN SECRETARY 1.00 X X 0 0 0 GARY BARNES TREASURER 15.00 X X 0 0 0 PATRICK KRAMER CHIEF OPERATING OFFICER 20.00 X X 0 0 0 TONY S AUSTIN DIRECTOR 0.75 X 0 0 0 DAVID H ARRINGTON DIRECTOR 1.00 X 0 0 0 A CHRIS AULDS DIRECTOR 1.50 X 0 0 0 R DON CASH DIRECTOR 1.00 X 0 0 0 CURTIS W CLERKLEY JR DIRECTOR 1.00 X 0 0 0 KELLY CROFOOT DIRECTOR 1.00 X 0 0 0 TIM G CULP DIRECTOR 1.00 X 0 0 0 TRACY K ELMS DIRECTOR 2.00 X 0 0 0 TOM FOGARTY DIRECTOR 6.00 X 0 0 0 KIMBERLY C FORD DIRECTOR 2.00 X 0 0 0 TERRY E FULLER DIRECTOR 4.00 X 0 0 0 J PAT HICKMAN DIRECTOR 0.25 X 0 0 0 ALLEN D HOWARD DIRECTOR 1.00 X 0 0 0 JOSH HUNT DIRECTOR 1.00 X 0 0 0 J KELLY JOY DIRECTOR 1.00 X 0 0 0 JAMES KEFFER DIRECTOR 1.00 X 0 0 0 TOM MATHIASMEIER DIRECTOR 2.00 X 0 0 0 ALVIN NEW DIRECTOR 1.25 X 0 0 0 MICHAEL F OWEN MD DIRECTOR 5.00 X 0 0 0 JACK RENTZ DIRECTOR 1.00 X 0 0 0 SUSAN MENELAIDES ROSE DIRECTOR 1.00 X 0 0 0 DEBRA HJALMQUIST SCIOLI DIRECTOR 1.00 X 0 0 0 JIM SKINNER DIRECTOR 4.00 X 0 0 0 TOM STACY DIRECTOR 1.00 X 0 0 0 BEN STRIBLING DIRECTOR 1.00 X 0 0 0 DALE SWINBURN DIRECTOR 1.00 X 0 0 0 ROBERT TAYLOR JR DIRECTOR 8.00 X 0 0 0 CALVIN C TRAMMELL II DIRECTOR 1.00 X 0 0 0 DORY A WILEY DIRECTOR 1.00 X 0 0 0 DUSTIN R WOMBLE DIRECTOR 0.15 X 0 0 0 WILLIAM DONALD BROWN DIRECTOR 1.00 X 0 0 0 BRADLEY BARRON DIRECTOR 4.00 X 0 0 0 PAULA KEY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 289361 53151031 8085874 53440392 27759249 27759249 74987 74987 69533 0 69533 69533 69533 12041913 19891019 -7849106 -7849106 -7849106 118720 289361 398246 -279526 -279526 73215529 0 0 19775137 53972809 53972809 31575 31575 351278 351278 530061 74059 456002 385311 385311 29081 29081 486888 482627 4261 254358 254358 274835 274835 REPAIRS & MAINTENANCE 149613 149613 MATERIALS & SUPPLIES 141429 135283 6146 PRINTING AND REPRODUCTI 91288 91288 RENTALS & LEASES 64514 64514 24798 24798 56787838 53972809 2094262 720767 4506049 5145258 78081188 69261181 9981 15787 177258 374932 374932 374932 61988115 551384218 502771331 42962347 13228 11580302 647744824 680901283 51196 80473 160570 4061852 211766 4142325 X 47399883 11670724 61775436 165787002 538357739 499301232 647533058 676758958 647744824 680901283 X 16427691 24287382 -2103248 -9385925 X X 0 1 X 1 0 X 31130749 49607243 85898090 70971175 53440392 291047649 31130749 49607243 85898090 70971175 53440392 291047649 61909875 229137774 19975293 23117695 26911052 26945797 27903769 124853606 415901255 0.55090 0.51540 X 549099537 21149638 33325462 27477586 576097051 514976750 18528380 39216831 23622424 549099537 514755785 21753359 2081515 23613909 514976750 521244080 21241406 -11913560 15816141 514755785 448955875 31902942 54436661 14051398 521244080 0.02280 0.97720 0 0 374932 374932 374932 39390110 F INVESTMENTS HELD BY BROKERS 3567711 F EQUITY INVESTMENTS 4526 F 42962347 97901157 24287382 398246 24685628 73215529 0 73215529 57186084 398246 398246 56787838 0 56787838 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 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON PART VIII LINE 8B AN EVENING WITH PRESIDENT BUSH 294201 246641 47560 7688 11520 57947 125650 120763 SPRING ROUND UP 96980 42120 54860 8452 600 6135 1 16900 600 16300 500 18199 1117 39675 408081 289361 118720 7688 12020 84598 127367 166573 398246 -279526 1 TEXAS TECH UNIVERSITY SYSTEM PO BOX 41092 LUBBOCK TX 79409 756002622 STATE OF TEXAS 53972809 TO PROMOTE HIGHER EDUCATION BY PROVIDING FUNDS FOR SCHOLARSHIPS AND GENERAL FUNDS FOR OPERATION EXPENSES OF THE TEXAS TECH UNIVERSITY SYSTEM. 1 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. X 255 6070352 AVG HIGH/LOW X 1 2015522 APPRAISAL 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 WILL BE DISTRIBUTED TO THE AUDIT COMMITTEE PRIOR TO ITS SUBMISSION. THE AUDIT COMMITTEE WILL HAVE AN OPPORTUNITY TO ASK QUESTIONS OR RECOMMEND CHANGES BEFORE THE RETURN IS FILED. 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 XI, LINE 9: CHANGE IN NET ASSETS DUE TO CHANGE TO GASB ACCOUNTING -9,385,925. 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 DURING THE YEAR THE FOUNDATION, ADOPTED NEW ACCOUNTING GUIDANCE, GASB STATEMENT NO. 81, IRREVOCABLE SPLIT-INTEREST AGREEMENTS, THE EFFECT OF ADOPTING THIS STANDARD REDUCED BEGINNING NET POSITION BY $2,103,248. 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 0 0 0 0 0 0 TEXAS TECH UNIVERSITY SYSTEM B 53972809 FMV