CORTEX: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CORTEX (EIN 30-0082817)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-09-24
- IRS object ID
- 201312729349300301
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-09-24T14:28:47-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 431892095 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Davis Associates CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 300082817 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center of Research Technology and | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CENT | NameControl |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dennis Lower | Name |
| Title | President CEO | Title |
| Phone | 3145314500 | Phone |
| Date Signed | 2013-03-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Darlene M Davis CPA | Name |
| PTIN | P00644326 | PTIN |
| Phone | 3146530008 | Phone |
| Date Prepared | 2013-09-24 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Entrepreneurial Exchange | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dennis Lower | NameOfPrincipalOfficerPerson |
| Gross Receipts | 32191616 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.cortexstl.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | MO | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 927322 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2935393 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 171 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3560729 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3391870 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2510428 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4319363 | TotalRevenuePriorYear |
| Total Revenue Current Year | 9006550 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 375407 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 509687 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 582762 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4215636 | OtherExpensePriorYear |
| Other Expenses Current Year | 3246655 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5100730 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3829417 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -781367 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5177133 | RevenuesLessExpensesCY |
| Total Assets BOY | 37144785 | TotalAssetsBOY |
| Total Assets EOY | 14375503 | TotalAssetsEOY |
| Total Liabilities BOY | 31290250 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3343835 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5854535 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11031668 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 3495600 | Expense |
| Description | 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 sole manager of SLLC and incurred expenses in developing and maintaining the property. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 58120 | Expense |
| Description | A contribution to Central West End Midtown Development (CWEMD) was made to fund community services, infrastructure, security, planning and transit facilities in the Central West End/Midtown area. Central West End Midtown Development is a nonprofit neighborhood association for the Central West End/Midtown area of the city of St. Louis. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 3553720 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 8 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | William Wegener EVS | NamePerson |
| Telephone Number | 3149630955 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Donn Rubin | |||||||
| Assistant Treasurer Director | 3.00 | X | X | 0 | 0 | 0 | |
| Henry S Webber | |||||||
| Vice President Director | 6.00 | X | X | 0 | 0 | 0 | |
| John F McDonnell | |||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||
| John P Dubinsky | |||||||
| Chairman of Board and Treasur | 6.00 | X | X | 0 | 0 | 0 | |
| Joseph D Roddy | |||||||
| Ex-Officio | 1.00 | X | 0 | 0 | 0 | ||
| Lawrence Biondi SJ | |||||||
| Director | 1.00 | X | 0 | 0 | 0 | ||
| Lewis A Levey | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Mark S Wrighton | |||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||
| Nasser Arshadi PhD | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Peter Pierotti | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Raymond Tait PhD | |||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||
| Robert Cannon | |||||||
| Director | 5.00 | X | 0 | 0 | 0 | ||
| Robert Herleth | |||||||
| Secretary Director | 4.00 | X | X | 0 | 0 | 0 | |
| Rodney Crim | |||||||
| Ex-Officio | 3.00 | X | 0 | 0 | 0 | ||
| Steven H Lipstein | |||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||
| Thomas F George | |||||||
| Director | 2.00 | X | 0 | 0 | 0 | ||
| Tom Irwin | |||||||
| Ex-Officio | 1.00 | X | 0 | 0 | 0 | ||
| Amy Kimball | |||||||
| Assistant Secretary | 40.00 | X | 43380 | 0 | 0 | ||
| Dennis Lower | |||||||
| President | 40.00 | X | 217270 | 0 | 0 | X | |
| Michael Sullivan | |||||||
| VP RE and Financial Asst Secr | 40.00 | X | 118958 | 0 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 379608 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Government Grants | 2199552 | GovernmentGrants |
| All Other Contributions | 735841 | AllOtherContributions |
| Total Contributions | 2935393 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 218 | TotalRevenueColumn |
| Exclusion | $218 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2375113 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2375113 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2375113 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2375113 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 26745577 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 23185066 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 3560511 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3560511 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3560511 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Management Fee | 541900 | 106245 | 106245 |
| Miscellaneous Income | 900099 | 29070 | 29070 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 135315 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9006550 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6070939 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $218 | ExclusionAmount |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 453148 | Total |
| Program Services | 430491 | ProgramServices |
| Management And General | 22657 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129614 | Total |
| Program Services | 123133 | ProgramServices |
| Management And General | 6481 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64242 | Total |
| Management And General | 64242 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271472 | Total |
| Program Services | 258172 | ProgramServices |
| Management And General | 13300 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 737206 | Total |
| Program Services | 737206 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1790 | Total |
| Management And General | 1790 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 474769 | Total |
| Program Services | 474769 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 813855 | Total |
| Program Services | 763415 | ProgramServices |
| Management And General | 50440 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34145 | Total |
| Program Services | 24399 | ProgramServices |
| Management And General | 9746 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Bank Charges | 3032 | 2941 | 91 |
| Consulting Fees | 684790 | 637990 | 46800 |
| Miscellaneous | 60528 | 378 | 60150 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100826 | Total |
| Program Services | 100826 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3829417 | Total |
| Program Services | 3553720 | ProgramServices |
| Management And General | 275697 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7007364 | BOY |
| EOY | 6601528 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7269 | BOY |
| EOY | 5490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 7936615 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 303234 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30130038 | BOY |
| EOY | 7633381 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 135104 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37144785 | BOY |
| EOY | 14375503 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105943 | BOY |
| EOY | 227301 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25940000 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5129348 | BOY |
| EOY | 3116534 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114959 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31290250 | BOY |
| EOY | 3343835 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5854535 | BOY |
| EOY | 11031668 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5854535 | BOY |
| EOY | 11031668 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37144785 | BOY |
| EOY | 14375503 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 5177133 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5529775 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2750500 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 520000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 927322 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2199552 | CurrentTaxYear |
| Total | 11927149 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5529775 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2750500 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 520000 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 927322 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2199552 | CurrentTaxYear |
| Total | 11927149 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 11927149 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2676536 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2742251 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2953178 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3268386 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2375331 | CurrentTaxYear |
| Total | 14015682 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 125586 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 67225 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 23061 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 123655 | CurrentTaxYearMinus1Year |
| Current Tax Year | 135315 | CurrentTaxYear |
| Total | 474842 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 26417673 | TotalSupport |
| Public Support Pertcentage170 | 0.45150 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.40080 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Other income (Part II, line 10 or Part III, line 12) Description: Management Fee: 2008: 125586 2009: 67225 2010: 22932 Description: MO Compensation Deduction 2010: 129 2011: Expense Recoveries 53,028 Management fee 67,210 Interest 171 Miscellaneous 3,246 Total 123,655 2012 Management fee 106,245 Misc Income 29,070 Total 135,315 | GeneralExplanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6265762 | OtherCostOrOtherBasis |
| Book Value | 6265762 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 224547 | OtherCostOrOtherBasis |
| Depreciation | 11531 | Depreciation |
| Book Value | 213016 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1386807 | OtherCostOrOtherBasis |
| Depreciation | 246543 | Depreciation |
| Book Value | 1140264 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 59499 | OtherCostOrOtherBasis |
| Depreciation | 45160 | Depreciation |
| Book Value | 14339 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7633381 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Due from Affiliates | Description |
| Book Value | 135104 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 135104 | TotalBookValueOtherAssets |
| Tot Revenue Etc Audited Fincl Stmt | 9006550 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 9006550 | RevenueSubtotal |
| Total Revenue Per Form990 | 9006550 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3829417 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 3829417 | ExpensesSubtotal |
| Total Expenses Per Form990 | 3829417 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Dennis Lower | NamePerson |
| Title | President | Title |
| Base Compensation Filing Org | 217270 | BaseCompensationFilingOrg |
| Total Compensation Filing Org | 217270 | TotalCompensationFilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | J8 | Identifier |
| Return Reference | Initial contract exception Part I line 8 | ReturnReference |
| Explanation | The compensation for the President includes a Housing Supplement. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Stolar Partnership | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Former Officer and Contractor | Relationship |
| Amount Of Transaction | 5593 | AmountOfTransaction |
| Description Of Transaction | Legal services | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| O01 | Officer directors etc family relationship Part VI line 2 | Business Relationship |
| O02 | Members or stockholder classes and rights Part VI line 6 | Center of Research, Technology and Entrepreneurial Exchange has four permanent members and a maximum of seven regular members and seven Ex-Officio members. |
| O03 | Member election for additional members Part VI line 7a | Each permanent member has the right to elect two Directors. Each regular member and Ex-Officio member has the right to elect one Director. Permanent and regular members have voting rights in all matters. Ex-Officio members have no other voting rights. |
| O04 | Governing body decisions Part VI line 7b | The members oversee the actions of the Board of Directors. |
| O05 | 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. |
| O06 | 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. |
| O07 | CEO executive director top management comp Part VI line 15a | The board reviews and approves the compensation of the CEO. |
| O08 | Other officer or key employee compensation Part VI line 15b | The board reviews and approves the compensation of the highest compensated employees. |
| O09 | Governing documents etc available to public Part VI line 19 | Any documents are made available upon request at the organization9s offices. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORTEX West Development | BusinessNameLine1 |
Address US AddressUS
| 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 | 202066640 | EIN |
| Primary Activities | Real Estate Development | PrimaryActivities |
| Legal Domicile State | MO | LegalDomicileState |
| Total Income | 5929672 | TotalIncome |
| EOY Assets | 381384 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Center of Research Techn | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORTEX West Redevelopment Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | m | TransactionType |
| Amount Involved | 58120 | AmountInvolved |
| Method Of Amt Determination | Cash | MethodOfAmtDetermination |
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