CORTEX: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CORTEX (EIN 30-0082817)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-09-30
- IRS object ID
- 201402739349300630
- Schema version
- 2013v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-09-30T11:55:16-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 431892095 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Associates CPAs | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4119 N Hwy 67 | AddressLine1 |
| City | Florissant | City |
| State | MO | State |
| ZIP Code | 63034 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300082817 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center of Research Technology and Entrepreneurial | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CENT | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4320 Forest Park Ave | AddressLine1 |
| City | Saint Louis | City |
| State | MO | State |
| ZIP Code | 63108 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dennis Lower | PersonNm |
| Person Title | President CEO | PersonTitleTxt |
| Phone | 3145314500 | PhoneNum |
| Signature | 2014-09-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Darlene M Davis CPA | PreparerPersonNm |
| PTIN | P00644326 | PTIN |
| Phone | 3146530008 | PhoneNum |
| Preparation | 2014-09-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Exchange | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Dennis Lower | PrincipalOfficerNm |
| Gross Receipts | $2,005,280 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.cortexstl.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2002 | FormationYr |
| Legal Domicile State | MO | LegalDomicileStateCd |
| Activity Or Mission | Prevention of community deterioration and foster urban revitilization through real estate acquisition, development, promotion, financing and marketing of tracts of land within a designated development district within the City of St. Louis. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,935,393 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,867,811 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $5,700 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,560,729 | PYInvestmentIncomeAmt |
| CY Investment Income | $357 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,510,428 | PYOtherRevenueAmt |
| CY Other Revenue | $131,412 | CYOtherRevenueAmt |
| PY Total Revenue | $9,006,550 | PYTotalRevenueAmt |
| CY Total Revenue | $2,005,280 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $582,762 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $733,950 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,246,655 | PYOtherExpensesAmt |
| CY Other Expenses | $629,238 | CYOtherExpensesAmt |
| PY Total Expenses | $3,829,417 | PYTotalExpensesAmt |
| CY Total Expenses | $1,363,188 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,177,133 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $642,092 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $14,375,503 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,457,554 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,343,835 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,450,599 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $11,031,668 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,006,955 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Prevention of community deterioration and foster urban revitilization through real estate acquisition, development, promotion, financing and marketing of tracts of land within a designated development district within the City of St. Louis. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $949,226 | ExpenseAmt |
| Revenue | $137,112 | RevenueAmt |
| Desc | CORTEX serves as the manager of St. Louis Land Company, L.L.C. (SLLC) a Missouri limited liability company, that serves as a land holding entity in the revitalization of an approximate 1,000 acre tract of land in midtown St. Louis that will serve as a center of research, technology and entrepreneurial exchange. CORTEX is the manager of SLLC and incurred expenses in developing and maintaining the property. | Desc |
| Total Program Service Expenses | $949,226 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William Wegener EVS | PersonNm |
| Phone | 3149630955 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1401 S Brentwood | AddressLine1 |
| City | Saint Louis | City |
| State | MO | State |
| ZIP Code | 63144 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|---|
| Dennis Lower | ||||||||
| President Ex-officio | 40.00 | 0.00 | Yes (X) | Yes (X) | Yes (X) | $254,598 | $0 | $0 |
| Henry S Webber | ||||||||
| Chairman | 6.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Lewis A Levey | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| John P Dubinsky | ||||||||
| Chairman of Board Director | 6.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Donn Rubin | ||||||||
| Assistant Treasurer Director | 3.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Robert Cannon | ||||||||
| Director | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Thomas F George | ||||||||
| Director | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Nasser Arshadi | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Steven H Lipstein | ||||||||
| Director | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Robert Herleth | ||||||||
| Secretary Treasurer Director | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Mark S Wrighton | ||||||||
| Director | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| John F McDonnell | ||||||||
| Director | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Joseph D Roddy | ||||||||
| Ex-Officio | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Raymond Tait | ||||||||
| Director | 2.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Peter Pierotti | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Jeff Rainford | ||||||||
| Ex-Officio | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Otis Williams | ||||||||
| Ex-Officio | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Joe Reagan | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| David Heimburger | ||||||||
| Director | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| Michael Sullivan | ||||||||
| Assistant Secretary | 40.00 | 0.00 | Yes (X) | $124,666 | $0 | $0 | ||
| Amy Kimball | ||||||||
| Assistant Secretary | 40.00 | 0.00 | Yes (X) | $47,354 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $426,618 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Armstrong Teasdale LLP | |||||
| PO Box 790100 | Saint Louis | MO | 631799933 | Legal | $386,603 |
| Lewis Rice Fingersh | |||||
| 600 Washington Ave Ste 2500 | Saint Louis | MO | 631011311 | Legal | $159,057 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,867,811 | GovernmentGrantsAmt |
| Total Contributions | $1,867,811 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Gross Rental Income | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $5,700 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,700 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,700 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $357 | TotalRevenueColumnAmt |
| Exclusion | $357 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Management Fee | 541900 | $130,759 | $130,759 |
| Miscellaneous Income | 900099 | $653 | $653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $131,412 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,005,280 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $137,112 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $357 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $426,618 | TotalAmt |
| Program Services | $366,944 | ProgramServicesAmt |
| Management And General | $59,674 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,521 | TotalAmt |
| Program Services | $105,383 | ProgramServicesAmt |
| Management And General | $17,138 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,811 | TotalAmt |
| Program Services | $158,938 | ProgramServicesAmt |
| Management And General | $25,873 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,904 | TotalAmt |
| Program Services | $101,280 | ProgramServicesAmt |
| Management And General | $71,624 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $230,620 | TotalAmt |
| Program Services | $110,671 | ProgramServicesAmt |
| Management And General | $119,949 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8 | TotalAmt |
| Program Services | $8 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,505 | TotalAmt |
| Program Services | $3,505 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,101 | TotalAmt |
| Management And General | $44,101 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,716 | TotalAmt |
| Management And General | $11,716 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| Bank Charges | $95 | $95 | |
| Miscellaneous | $96,360 | $63,792 | $32,568 |
| Other Program Support | $62,231 | $62,231 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,698 | TotalAmt |
| Program Services | $7,698 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,363,188 | TotalAmt |
| Program Services | $949,226 | ProgramServicesAmt |
| Management And General | $413,962 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,601,528 | BOYAmt |
| EOY | $803,792 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,075,315 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,046,483 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,490 | BOYAmt |
| EOY | $10,377 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,092,872 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $331,624 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,633,381 | BOYAmt |
| EOY | $6,761,248 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,104 | BOYAmt |
| EOY | $2,760,339 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,375,503 | BOYAmt |
| EOY | $15,457,554 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,301 | BOYAmt |
| EOY | $598,647 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,116,534 | BOYAmt |
| EOY | $3,851,952 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,343,835 | BOYAmt |
| EOY | $4,450,599 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,031,668 | BOYAmt |
| EOY | $11,006,955 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,031,668 | BOYAmt |
| EOY | $11,006,955 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,375,503 | BOYAmt |
| EOY | $15,457,554 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $642,092 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$666,805 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,750,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $520,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $927,322 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,199,552 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,867,811 | CurrentTaxYearAmt |
| Total | $8,265,185 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,750,500 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $520,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $927,322 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,199,552 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,867,811 | CurrentTaxYearAmt |
| Total | $8,265,185 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,289,842 | SubstantialContributorsTotAmt |
| Public Support Total170 | $6,975,343 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,742,251 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,953,178 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,268,386 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,375,331 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,057 | CurrentTaxYearAmt |
| Total | $11,345,203 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $67,225 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,061 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $123,655 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $135,315 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $131,412 | CurrentTaxYearAmt |
| Total | $480,668 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $20,091,056 | TotalSupportAmt |
| Public Support CY170 | 0.34720 | PublicSupportCY170Pct |
| Public Support PY170 | 0.45150 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Other income (Part II, line 10 or Part III, line 12) | FormAndLineReferenceDesc |
| Explanation | 2009Management Fee: 67,2252010Management Fee: 22,932 MO Comp Ded: 1292011Exp Recoveries: 53,028Management Fee: 67,210 Interest: 171 Miscellaneous: 3,2462012Management Fee: 106,245 Miscellaneous: 29,0702013Management Fee: 130,759 Miscellaneous: 653 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,638,691 | OtherCostOrOtherBasisAmt |
| Book Value | $5,638,691 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,386,807 | OtherCostOrOtherBasisAmt |
| Depreciation | $282,103 | DepreciationAmt |
| Book Value | $1,104,704 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $67,374 | OtherCostOrOtherBasisAmt |
| Depreciation | $49,521 | DepreciationAmt |
| Book Value | $17,853 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $6,761,248 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Due from Affiliates | Desc |
| Book Value | $2,760,339 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,760,339 | TotalBookValueOtherAssetsAmt |
| Total Rev Etc Audited Fincl Stmt | $2,100,983 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $95,703 | OtherRevenueAmt |
| Revenue Not Reported | $95,703 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,005,280 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $2,005,280 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,645,781 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $282,593 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $282,593 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,363,188 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $1,363,188 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other revenues not included on Form 990 (Part XI, line 2d) | This includes revenues of CORTEX West Redevelopment Corporation (20-1366201) which separately filed Form 1120. |
| Other expenses not included on Form 990 (Part XII, line 2d) | This includes expenses of CORTEX West Management Corporation (26-2230724) and CORTEX West Redevelopment Corporation (20-1366201) which separately filed Form 1120. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dennis Lower | PersonNm |
| Title | President Ex-officio | TitleTxt |
| Base Compensation Filing Org | $254,598 | BaseCompensationFilingOrgAmt |
| Total Compensation Filing Org | $254,598 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Officer directors etc family relationship Part VI line 2 | Business Relationship |
| Members or stockholder classes and rights Part VI line 6 | Center of Research, Technology and Entrepreneurial Exchange has four permanent members. |
| Member election for additional members Part VI line 7a | The four permanent members elect eight directors (two each) and the board elects up to seven directors and up to five ex-officio directors. |
| Governing body decisions Part VI line 7b | The members and directors oversee the actions of the Board of Directors. |
| Form 990 governing body review Part VI line 11 | The Form 990 is given to the audit committee of the board for review and made available to all board members prior to filing. |
| Conflict of interest policy compliance Part VI line 12c | Based upon answers to the Conflict of Interest questionnaire discussion is held among the Board Members as to any action necessary. |
| CEO executive director top management comp Part VI line 15a | The board reviews and approves the compensation of the CEO. |
| Other officer or key employee compensation Part VI line 15b | The board reviews and approves the compensation of the highest compensated employees. |
| Governing documents etc available to public Part VI line 19 | Any documents are made available upon request at the organization's offices. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | CORTEX West Management Corporation (26-2230724) and CORTEX West Redevelopment Corporation (20-1366201) are consolidated into Center of Research Tehnology and Entrepreneurial Exchange for their audited financial statements. However, they are separate legal entities and are required to file Form 1120. Both have been filed for 2013. In the prior year, these consolidated entities' net assets were included on the 990. Those assets have been reported on each entities tax return for 2013. Net asset adjustment amounted to $666,805. |
| List of other fees for services expenses Part IX line 11g | CONSULTING FEES INCURRED |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | St Louis Innovation District | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4320 Forest Park Ave | AddressLine1 |
| City | Saint Louis | City |
| State | MO | State |
| ZIP Code | 63108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Real Estate Development | PrimaryActivitiesTxt |
| Legal Domicile State | MO | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center of Research Technology and Entrep | BusinessNameLine1 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | St Louis Land Company LLC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4320 Forest Park Ave | AddressLine1 |
| City | Saint Louis | City |
| State | MO | State |
| ZIP Code | 63108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134229138 | EIN |
| Primary Activities | Land Assembly | PrimaryActivitiesTxt |
| Legal Domicile State | MO | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| General Or Managing Partner | false | GeneralOrManagingPartnerInd |
| Ownership | 0.00000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CORTEX West Redevelopment | ||||||||||||
| 4320 Forest Park Ave | Saint Louis | MO | 63108 | 201366201 | Real Estate Development | MO | Center of Research Technology and Entrep | C Corp | $211,148 | $211,148 | 1.00000 | Yes (true) |
| CORTEX West Management Corporation | ||||||||||||
| 4320 Forest Park Ave | Saint Louis | MO | 63108 | 262230724 | Management | MO | Center of Research Technology and Entrep | C Corp | -$59,339 | -$365,226 | 1.00000 | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CORTE West Redevelopment | ||
| q | $60,703 | Cash |
| CORTEX West Management Corporation | ||
| q | $59,339 | Cash |
| St Louis Land Company LLC | ||
| p | $77,103 | Cash |
| St Louis Land Company | ||
| d | $77,103 | Cash |
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