2011-11-10T08:43:14-05:00 2010-12-31 ERNST & YOUNG US LLP 401 CONGRESS SUITE 1800 AUSTIN TX 78701 990 2010-01-01 742930535 Entrepreneurs Foundation of Central Texas ENTR 5124828894 PO Box 684826 Austin TX 78768 Eugene Sepulveda 2011-11-10 5124789881 2010 2016-02-24 21:20:13Z Eugene Sepulveda PO Box 684826 Austin TX 78768 1681898 false X www.givetoaustin.org X 1999 TX Promote philanthropy & volunteerism in Austin's high-tech, venture-backed community 11 10 5 2233 0 0 549564 1251884 0 303179 -12341 -6554 -5778 58343 531445 1606852 126000 1251683 0 0 271153 263771 0 0 42968 165258 350137 562411 1865591 -30966 -258739 891590 651542 438 3302 891152 648240 X PROMOTE PHILANTHROPY & VOLUNTEERISM IN AUSTIN'S HIGH-TECH, VENTURE-BACKED COMMUNITY true false 273743 261107 Our Leadership projects: 2010 primary leadership project is Lemonade Day, an entrepreneurial training program for children. 553277 303039 42072 Corporate Social Responsibility programs for member companies, approximately 140 active member companies. Over 11,400 volunteer hours leveraged for community initiatives. 948644 948644 The Foundation coordinated an ad hoc Haiti earthquake relief fund, in which the Foundation's member companies and their employees made contributions that were aggregated by the Foundation and donated to US non-profit organizations providing direct emergency relief assistance to Haitians. The effort furthered the corporate philanthropy and social responsibility of its members, and approximately one-third of the grants were made to organizations targeting funding of entrepreneurial efforts for Haitians trying to regain financial security following the devastating 2010 earthquake. 1775664 true true false false true false false false false false true false false false true true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false false true 11 0 true 5 true false false false false false true true false false false false X 11 10 false false false false false false false true true false false false true true true true true true false false X X EUGENE SEPULVEDA 5124828894 PO BOX 684826 Austin TX 78768 Bill Bock 2.0 X X 0 0 0 Jeff Browning 2.0 X 0 0 0 Scott Collier 1.0 X 0 0 0 Elizabeth Davis 1.0 X 0 0 0 David Hood 1.0 X 0 0 0 Paul Hurdlow 2.0 X X 0 0 0 David Lee 1.0 X 0 0 0 Jan Lindelow 1.0 X 0 0 0 Eugene Sepulveda 30.0 X X 118373 0 6420 Phil Siegel 1.0 X 0 0 0 Ellen Wood 2.0 X X 0 0 0 118373 0 6420 1 false false false 0 168528 1083356 1251884 LEMONDADE DAY 261107 261107 CORP RESPONSIBILITY PROJECTS 42072 42072 303179 60 60 0 0 68432 75046 -6614 -6614 -6614 35062 168528 0 35062 0 0 OTHER REVENUE 900099 23281 23281 23281 1606852 326460 -6554 1251683 1251683 0 0 0 118373 82861 17756 17756 0 99326 69528 14899 14899 0 25018 17512 3753 3753 21054 14738 3158 3158 0 0 0 0 0 0 0 5578 4462 558 558 6200 4960 620 620 1200 960 120 120 0 3380 2704 338 338 13309 6654 5324 1331 0 0 0 0 0 1526 1220 153 153 TRAINING & DEVELOPMENT 1501 1201 150 150 EVENT EXPENSE 316124 316124 OTHER EXPENSES 1319 1057 130 132 1865591 1775664 46959 42968 84506 118846 371862 239119 78750 0 35269 0 1400 35785 310738 254727 9065 3065 891590 651542 438 3302 438 3302 X 891152 648240 891152 648240 891590 651542 X -258739 15827 X false true true X false X 222932 197577 197250 549564 1251884 2419207 222932 197577 197250 549564 1251884 2419207 620721 1798486 29363 35872 29483 341 60 95119 2355 91815 142875 26415 361522 624982 3139308 624982 0.57289 0.72505 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true 254727 F 254727 0 0 1606852 1865591 -258739 15827 15827 -242912 1664679 15827 42000 57827 1606852 1606852 1907591 42000 42000 1865591 1865591 Supplemental Information Income Tax Footnote The Foundation is exempt from federal income taxes under Section 501(c) (3) of the Internal Revenue Code, except with respect to any unrelated business income. In June 2006, the Financial Accounting Standards Board (FASB) issued a pronouncement entitled Accounting for Uncertainty in Income Taxes (the Pronouncement), which clarifies the accounting for uncertain tax positions. The Pronouncement requires the Foundation recognize in its financial statements the impact of a tax position, if the position is more likely than not of being sustained on audit, based on the technical merits of the position. The Pronouncement was effective for the Foundation on January 1, 2009. The adoption did not have a material effect on the Foundation's financial statements. Austin Invit 203590 168528 35062 Lemonade day 0 203590 168528 35062 35062 true Any Baby Can 1121 East 7th Street Austin TX 78702 742684335 501(c)(3) 5936 Austin Children's Shelter 4800 Manor Road Austin TX 78723 742320657 501(c)(3) 15000 Blue Santa 1801 E 51st S Austin TX 78723 742297116 501(C)(3) 8000 Bookspring 2006 Greenbrook Pkwy Austin TX 78723 742542664 501(C)(3) 12000 Breakthrough Austin - v 1050 East 11th Street Austin TX 78702 742991346 501(C)(3) 32874 Capital Area Food Bank 8201 S Congress Avenue Austin TX 78745 742217350 501(C)(3) 8000 Catholic Relief Services 228 W Lexington Baltimore MD 212013443 135563422 50000 Center for Child Protective Services 8509 FM 969 Austin TX 78724 742562585 501(C)(3) 33917 Charity Water 200 Varick Street New York NY 10014 223936753 501(C)(3) 37651 Communities in Schools 3000 South IH-35 Austin TX 78704 742369020 501(C)(3) 15000 Concern Worldwide 355 Lexington Avenue New York NY 10017 133712030 501(C)(3) 538000 Fonkoze USA 1700 Kalorama Road NW Washington DC 20009 522022113 501(C)(3) 101000 Foundation Communities-v 3036 S 1st Street Austin TX 78704 742563260 501(C)(3) 50000 Partners in Health 631 W 38th St Austin TX 787051251 043567502 501(C)(3) 184018 Red Cross 2218 Pershing Drive Austin TX 787235849 530196605 501(C)(3) 29958 Sammy's House 2415 Twin Oaks Drive Austin TX 787572731 742985152 501(C)(3) 6034 San Juan Diego High School 800 Herndon Lane Austin TX 78704 261394000 501(C)(3) 50000 Save the Children 54 Wilton Road Westport CT 06880 060726487 501(C)(3) 9018 Seton Fund 1206 W 38th Austin TX 787051018 742212968 501(C)(3) 37036 18 1 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants Entrepreneurs Foundation of Central Texas enters into grant contracts for specific use of funds. Grantees must report back on completion of contract. Supplemental Information FORM 990, PART III, LINE 2 THE FOUNDATION ADDED A NEW PHILANTHROPIC PROGRAM IN 2010 TO PROVIDE HUMANITARIAN AND ENTREPRENEURIAL ASSISTANCE FOR INDIVIDUALS AFFECTED BY THE 2010 HAITIAN EARTHQUAKE FORM 990, PART VI, QUESTION 11 DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 THE FORMS 990 IS REVIEWED BY THE CEO BEFORE FILING. AFTER FILING, ELECTRONIC COPIES OF FORM 990 ARE DISTRIBUTED TO EACH DIRECTOR. FORM 990, PART VI, QUESTION 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST WE ENGAGE IN NO OUTSIDE CONTRACTS EXCEPT FOR CONTRACT LABOR AND IT IS THOROUGHLY EXPLORED THAT THERE ARE NO DIRECTOR RELATIONSHIPS WITH ANYONE HIRED FOR CONTRACT LABOR. CONFLICT OF INTEREST QUESTIONNAIRES ARE SUBMITTED BY EACH OFFICER AND DIRECTOR ON AN ANNUAL BASIS. THE QUESTIONNAIRES ARE REVIEWED BY THE BOARD, AND ANY EXCEPTIONS TO POLICY ARE VOTED UPON BY THE BOARD. THE OFFICER OR DIRECTOR WITH THE POTENTIAL CONFLICT IS RECUSED FROM THE VOTE. FORM 990, PART VI, QUESTION 15A OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN ALL BOARD MEMBERS WITH THE EXCEPTION OF THE CEO ARE INDEPENDENT. THEY ENTER INTO EXECUTIVE SESSION TO DETERMINE FINAL COMPENSATION OF EACH KEY PERSON FOR THE YEAR. CURRENT COMPENSATION LEVELS WERE DETERMINED IN 2008 BY THE BOARD PER REVIEW OF INDUSTRY SURVEYS, WITH ANNUAL COST OF LIVING ADJUSTMENTS. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CONFLICT OF INT POLICY, & FIN STMTS TO GEN PUBLIC THESE DOCUMENTS ARE AVAILABLE FOR PUBLIC REVIEW ON OUR WEBSITE OR IN PERSON AT OUR OFFICES AT 1021 E. 7TH ST., AUSTIN, TX 78702. FORM 990, PART XI, QUESTION 2C THE ORGANIZATION HAS A COMMITTEE HEADED BY THE TREASURER WHICH OVERSEES THE SELECTION OF INDEPENDENT AUDITORS AND REVIEWS THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS UNREALIZED GAIN - $15,827