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Texas Research And Technology Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742311260 ✦ San antonio, TX ✦ Designated as a 501(c)(3)

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Overview

What is Texas Research And Technology Foundation?

The Texas Research and Technology Foundation (TRTF) is a public charitable organization that plays a significant role in promoting economic growth in the fields of biosciences and technology. Their primary mission is to establish a leading center for biomedical research, medical education, and job creation. TRTF serves as a driving force for sustainable economic and community development in San Antonio, as outlined in Schedule O for further details.


Official website here: www.texasresearchfoundation.com

What are the reviews and ratings of this charity?

Texas Research And Technology Foundation has earned an impressive Four-Star out of Four Star rating from Charity Navigator, with an overall score of 95%. This high rating reflects the organization's strong accountability and financial management practices, scoring 96% in this area. With a majority of its board members being independent and an exemplary approach to financial oversight, the foundation demonstrates a commitment to transparency and ethical governance.

The organization's significant strengths include a robust program expense ratio of 72.38%, indicating that a substantial portion of its funds is directed towards its programs. Texas Research And Technology Foundation has established comprehensive policies such as conflict of interest and whistleblower policies, ensuring ethical operations. However, it is noted that while the Impact & Measurement aspect is not currently scored, the foundation has reported implementing several equity practices to enhance its organizational culture.

User reviews from GreatNonprofits are not available at this time, so additional public sentiment cannot be captured. Overall, the data suggests a well-managed nonprofit with a focus on accountability and community engagement.


This AI summary has been generated from information found on Charity Navigator.

Is Texas Research And Technology Foundation legitimate?

Texas Research And Technology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Research And Technology Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,362,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,265,060

For more financial information, click here


Official website here: www.texasresearchfoundation.com

What is the mission statement of Texas Research And Technology Foundation?

The Texas Research and Technology Foundation (TRTF) serves as a driving force in promoting sustainable economic and community growth, primarily focusing on the advancement of biotechnology research and medical education. Their primary mission is to establish a world-class center in this field, which in turn, fosters job creation. The organization actively contributes to driving economic development in the biosciences and technology sector. [Additional information can be found in schedule O.]


Official website here: www.texasresearchfoundation.com

Who is the CEO of Texas Research And Technology Foundation?

J Randolph Harig is the Ceo/Board Member of Texas Research And Technology Foundation. The CEO's salary of Texas Research And Technology Foundation is $544,001 and their total compensation is $572,066.


Official website here: www.texasresearchfoundation.com

What is the revenue of Texas Research And Technology Foundation?

Texas Research And Technology Foundation's revenue in 2022 was $7,515,026.


Official website here: www.texasresearchfoundation.com

Who are the executives of Texas Research And Technology Foundation and what are their salaries?

The average compensation at Texas Research And Technology Foundation during 2022 was $82,097. There are 32 employees and 6 volunteers at Texas Research And Technology Foundation.


Here are 13 key members and their salaries (Texas Research And Technology Foundation's CEO's salary is $544,001 and their total compensation is $572,066):


J Randolph Harig (Ceo/Board Member)
  • Compensation: $544,001
  • Related: $0
  • Other: $28,065
Rene I Dominguez (Coo)
  • Compensation: $295,919
  • Related: $0
  • Other: $30,464
David Fonseca (Vice President)
  • Compensation: $185,113
  • Related: $0
  • Other: $17,732
Rick A Hernandez (Cfo)
  • Compensation: $162,203
  • Related: $0
  • Other: $24,012
Jessica Harris (Cao)
  • Compensation: $174,804
  • Related: $0
  • Other: $4,839
Bradley A Wheeless (Managing Director)
  • Compensation: $131,539
  • Related: $0
  • Other: $0
Juan S Garzon Coronado (Executive Director)
  • Compensation: $106,380
  • Related: $0
  • Other: $17,824
Christopher Claus (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Mills (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Pingel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Preston Woolfolk (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Starnes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Byrd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.texasresearchfoundation.com

Where can I find the form 990 for Texas Research And Technology Foundation?

Texas Research And Technology Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.texasresearchfoundation.com

Learn more at the official website: www.texasresearchfoundation.com

Mission Statement of Texas Research And Technology Foundation

The Texas Research and Technology Foundation (TRTF) is committed to establishing a leading center for biomedical research, medical education, and job creation. This nonprofit organization serves as a driving force in San Antonio, advocating for sustainable economic and community growth in the realm of biosciences and technology. By pursuing this mission, TRTF aims to contribute significantly to its field and foster development in these crucial sectors.

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Impact




July, 2024

Texas Research And Technology Foundation is focused on building a world-class center of bio-science research, medical education, and job creation. Their mission is to drive economic development in the biosciences and technology sector. TRTF is committed to delivering sustainable economic and community growth in San Antonio, Texas. Their work has a significant impact on promoting innovation, creating high-quality jobs, and advancing research in areas such as disease prevention and treatment.




This information is meant to be a general summary of Texas Research And Technology Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,515,026 (2022)
Expenses
$6,336,369 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,051,479
  • Program Service Revenue: $621,101
  • Gross Receipts: $7,515,026

Assets and Liabilities:

  • Total Assets: $59,424,466
  • Total Liabilities: $20,390,604
  • Net Assets: $39,033,862

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM RELATED LEASE REVENUE

Revenue

$365,379

PROGRAM FEES

Revenue

$255,722

Organization Details

Founding Year

1984

Principal Officer

J Randolph Harig

Main Address

1305 E Houston St, San Antonio, TX, 78205

NTEE Category

Code: G30J - Disease

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