CORTEX: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CORTEX (EIN 30-0082817)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-15
- IRS object ID
- 201202289349302780
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-15T13:51:01-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2011-01-01 | 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 | 2012-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Darlene M Davis CPA | Name |
| Phone | 3146530008 | Phone |
| Date Prepared | 2012-08-15 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | Dennis Lower | NameOfPrincipalOfficerPerson |
| Gross Receipts | 4319363 | 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 | 3 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 520000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 927322 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1541 | InvestmentIncomePriorYear |
| Investment Income Current Year | 171 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2974698 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3391870 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3496239 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4319363 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 56863 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 375407 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 213669 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 509687 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4027748 | OtherExpensePriorYear |
| Other Expenses Current Year | 4215636 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4298280 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5100730 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -802041 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -781367 | RevenuesLessExpensesCY |
| Total Assets BOY | 38412316 | TotalAssetsBOY |
| Total Assets EOY | 37144785 | TotalAssetsEOY |
| Total Liabilities BOY | 32776373 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 31290250 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5635943 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5854535 | 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 | 4762587 | Expense |
| Description | CORTEX serves as the manager of St Louis Land Company LLC SLLC a Missouri limited liability company that serves as a land holding entity in the revitalization of an approximate 1000 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 | 55656 | 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 EndMidtown area Central West End Midtown Development is a nonprofit ne ighborhood association for the Central West EndMidtown area of the city of St Louis | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 4818243 | 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 | true | 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 | true | 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 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3 | 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 |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 (22 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 | 3.00 | X | X | 0 | 0 | 0 | |
| Henry S Webber | |||||||
| Vice President | 3.00 | X | X | 0 | 0 | 0 | |
| John F McDonnell | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| John P Dubinsky | |||||||
| Chairman of Board and Treasurer | 3.00 | X | X | 0 | 0 | 0 | |
| Joseph D Roddy | |||||||
| Ex-Officio | 3.00 | X | 0 | 0 | 0 | ||
| Lawrence Biondi SJ | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Lewis A Levey | |||||||
| Director | 3.00 | X | X | 0 | 0 | 0 | |
| Mark S Wrighton | |||||||
| Director | 3.00 | 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 | 3.00 | X | 0 | 0 | 0 | ||
| Richard CD Fleming | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Robert Cannon | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Robert Herleth | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Rodney Crim | |||||||
| Ex-Officio | 3.00 | X | 0 | 0 | 0 | ||
| Steven H Lipstein | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Thomas F George | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Tom Irwin | |||||||
| Ex-Officio | 3.00 | X | 0 | 0 | 0 | ||
| William H Danforth | |||||||
| Director | 3.00 | X | 0 | 0 | 0 | ||
| Dennis Lower | |||||||
| President | 40.00 | X | 220975 | 0 | 0 | X | |
| Harvey A Harris | |||||||
| Secretary | 3.00 | X | 0 | 0 | 0 | ||
| Micheal Sullivan | |||||||
| VP Real Estate and Financial | 40.00 | 106225 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 327200 | 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 | 927322 | GovernmentGrants |
| Total Contributions | 927322 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 171 | TotalRevenueColumn |
| Exclusion | $171 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3268386 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 3268386 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3268386 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3268386 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Management Fee | 541900 | 67210 | 67210 |
| Miscellaneous Income | 900099 | 3246 | 3246 |
| Expense recoveries | 900099 | 53028 | 53028 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 123484 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4319363 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3391870 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $171 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 375407 | Total |
| Program Services | 375407 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 241318 | Total |
| Program Services | 241318 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168500 | Total |
| Program Services | 143015 | ProgramServices |
| Management And General | 25485 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38600 | Total |
| Program Services | 38600 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39345 | Total |
| Program Services | 39345 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21924 | Total |
| Program Services | 21924 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62825 | Total |
| Management And General | 62825 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86583 | Total |
| Program Services | 62454 | ProgramServices |
| Management And General | 24129 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 988336 | Total |
| Program Services | 988336 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1427447 | Total |
| Program Services | 1427447 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1143672 | Total |
| Program Services | 1093115 | ProgramServices |
| Management And General | 50557 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43355 | Total |
| Program Services | 33049 | ProgramServices |
| Management And General | 10306 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Bank Charges | 2080 | 1990 | 90 |
| Consulting Fees | 251630 | 204830 | 46800 |
| Executive Search Costs | 170 | 170 | |
| Miscellaneous | 51407 | 51407 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158131 | Total |
| Program Services | 147413 | ProgramServices |
| Management And General | 10718 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5100730 | Total |
| Program Services | 4818243 | ProgramServices |
| Management And General | 282487 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7368948 | BOY |
| EOY | 7007364 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127160 | BOY |
| EOY | 114 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14097 | BOY |
| EOY | 7269 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 35579198 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 5449160 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30902111 | BOY |
| EOY | 30130038 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38412316 | BOY |
| EOY | 37144785 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156755 | BOY |
| EOY | 105943 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26939960 | BOY |
| EOY | 25940000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5672327 | BOY |
| EOY | 5129348 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7331 | BOY |
| EOY | 114959 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32776373 | BOY |
| EOY | 31290250 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5635943 | BOY |
| EOY | 5854535 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5635943 | BOY |
| EOY | 5854535 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 38412316 | BOY |
| EOY | 37144785 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -781367 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 999959 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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 Minus3 Years | 5529775 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2750500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 520000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 927322 | CurrentTaxYear |
| Total | 9727597 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 5529775 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2750500 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 520000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 927322 | CurrentTaxYear |
| Total | 9727597 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 9727597 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2445270 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2676536 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2742251 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2953178 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3268386 | CurrentTaxYear |
| Total | 14085621 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 118972 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 125586 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 67225 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23061 | CurrentTaxYearMinus1Year |
| Current Tax Year | 123655 | CurrentTaxYear |
| Total | 458499 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 24271717 | TotalSupport |
| Public Support Pertcentage170 | 0.40080 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.38780 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| Facts And Circumstances Test | Other income Part II line 10 or Part III line 12 Description Management Fee 2006 380263 2007 118972 2008 125586 2009 67225 2010 22932 Description MO Compensation Deduction 2010 129 2011 Expense Recoveries 53028 Management fee 67210 Interest 171 Miscellaneous 3246 Total 123655 | FactsAndCircumstancesTest |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5529921 | OtherCostOrOtherBasis |
| Book Value | 5529921 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21081512 | OtherCostOrOtherBasis |
| Depreciation | 3507029 | Depreciation |
| Book Value | 17574483 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5995317 | OtherCostOrOtherBasis |
| Depreciation | 630580 | Depreciation |
| Book Value | 5364737 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2972448 | OtherCostOrOtherBasis |
| Depreciation | 1311551 | Depreciation |
| Book Value | 1660897 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 30130038 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Security Deposits | $7,331 |
| Deferred Revenue | $107,628 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 114959 | TotalOfAmounts |
| Total Revenue | 4319363 | TotalRevenue |
| Total Expenses | 5100730 | TotalExpenses |
| Excess Or Deficit For Year | -781367 | ExcessOrDeficitForYear |
| Other | $999,960 | OtherAmount |
| Total Adjustments | 999960 | TotalAdjustments |
| Excess Or Deficit Per FS | 218593 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4319363 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 4319363 | RevenueSubtotal |
| Total Revenue Per Form990 | 4319363 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5100730 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 5100730 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5100730 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Other change in net assets Part XI line 8 | Identifier |
| Explanation | Forgiveness of indebtedness | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Central West End Midtown | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 N Sarah | AddressLine1 |
| City | Saint Louis | City |
| State | MO | State |
| ZIP Code | 63108 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 371427044 | EINOfRecipient |
| IRC Section | 501c3 | IRCSection |
| Amount Of Cash Grant | 55656 | AmountOfCashGrant |
| Purpose Of Grant | Funding | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring procedures (Part I, line 2) | Identifier |
| Explanation | Funds are transferred to the organization with periodic financial reporting being received from the organization. | Explanation |
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 | true | InitialContractException |
| Rebuttable Presumption Procedure | true | RebuttablePresumptionProcedure |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Dennis Lower | NamePerson |
| Base Compensation Filing Org | 220975 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 220975 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | 01 Initial contract exception Part I line 8 | Identifier |
| Explanation | The compensation for the President includes a Housing Supplement | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| The Stolar Partnership LLP | |||
| Independent Contract | 33071 | Legal Services | false |
| Enhanced Value Strategies Inc | |||
| Independent Contract | 85332 | AdminFinan Mgmt Rpt | false |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Officer, directors, etc. family relationship (Part VI, line 2) | Business Relationship |
| 02. 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 |
| 03. Member election for additional members (Part VI, line 7a) | Each permanent member has the right to elect two Directors Each regular member and Ex-Oficio 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 |
| 04. Governing body decisions (Part VI, line 7b) | The members oversee the actions of the Board of Directors |
| 05. 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 |
| 06. 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 |
| 07. CEO, executive director, top management comp (Part VI, line 15a) | The board reviews and approves the compensation of the CEO |
| 08. Other officer or key employee compensation (Part VI, line 15b | The board reviews and approves the compensation of the highest compensated employees |
| 09. Governing documents, etc, available to public (Part VI, line 19) | Any documents are made available upon request at the organizations offices |
| 10. Explanation of other changes in net assets or fund balances (Part XI, line 5) | Forgiveness of debt |
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 |
| 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 |
| 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 | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | 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 | 55656 | AmountInvolved |
| Method Of Amt Determination | Cash | MethodOfAmtDetermination |
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