Overview
What is Friends Of Trtf?
Friends of TRTF is a nonprofit organization situated in San Antonio, Texas, with an address at 1305 E Houston St. Their primary mission is to support the Texas Research and Technology Foundation (TRTF) through the federal New Markets Tax Credit program. This program aims to stimulate economic growth and community development in low-income areas by offering federal tax incentives for investments in such areas. Friends of TRTF plays a crucial role in facilitating this program, ultimately contributing to the betterment of the community by bolstering research and technological advancements through TRTF.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Friends Of Trtf has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This score is derived entirely from their Accountability & Finance metrics, indicating a strong commitment to transparent financial practices. The charity's fiscal performance in FY2022 demonstrates effective management, showing no material diversion of assets and a favorable liabilities-to-assets ratio.
The organization has established robust governance practices, including a comprehensive conflict of interest policy and a whistleblower policy, both of which received full scores. However, it is worth noting that none of the board members are independent, which may raise concerns about governance dynamics. The size of the board has been rated positively, indicating a well-structured organization.
Overall, while Friends Of Trtf showcases commendable financial accountability and ethical policies, the lack of independent board members may be a point of concern for potential donors and stakeholders looking for diverse oversight in governance.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Trtf legitimate?
Friends Of Trtf is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Trtf 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Friends Of Trtf?
Friends of TRTF's mission is to assist in supporting Texas Research and Technology Foundation (TRTF) through the Federal New Markets Tax Credit program. By doing so, they aim to contribute to the foundation's research and technology initiatives. The program provides financial incentives, enabling Friends of TRTF to boost TRTF's resources and contribute to its mission of fostering technological advancement in Texas. The organization's activities primarily focus on leveraging the New Markets Tax Credit program to support TRTF's objectives. It is essential to note that Friends of TRTF does not conduct research or technology activities directly but rather supports TRTF in these areas.
Who is the CEO of Friends Of Trtf?
J Randolph Harig is the Chairman And Ceo of Friends Of Trtf. The CEO's salary of Friends Of Trtf is $0 and their total compensation is $572,066.
What is the revenue of Friends Of Trtf?
Friends Of Trtf's revenue in 2022 was $72,738.
Who are the executives of Friends Of Trtf and what are their salaries?
There 3 volunteers at Friends Of Trtf.
Here are 6 key members and their salaries (Friends Of Trtf's CEO's salary is $0 and their total compensation is $572,066):
- Compensation: $0
- Related: $544,001
- Other: $28,065
- Compensation: $0
- Related: $295,919
- Other: $97,464
- Compensation: $0
- Related: $162,203
- Other: $24,012
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of Trtf?
Friends Of Trtf's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Trtf
Friends of TRTF, as a nonprofit organization, is dedicated to supporting the Texas Research and Technology Foundation (TRTF) through the Federal New Markets Tax Credit program. This mission involves utilizing the New Markets Tax Credit program to aid TRTF in its endeavors. By doing so, Friends of TRTF aims to contribute to the advancement of research and technology in Texas, ultimately benefiting the state's economy and progress.
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Impact
October, 2024
Friends Of Trtf plays a vital role in enhancing the capabilities and reach of the Texas Research and Technology Foundation (TRTF) by leveraging the Federal New Markets Tax Credit program. This support not only facilitates the growth of innovative research and technology initiatives in San Antonio, Texas, but also contributes to the overall advancement in areas such as disease research.
By channeling resources into TRTF, Friends Of Trtf enables the development of cutting-edge solutions that address pressing health challenges, ultimately benefiting the community and supporting economic growth. The partnership fosters an ecosystem where research can thrive, drawing attention and investment to San Antonio as a hub for scientific innovation. Through its efforts, Friends Of Trtf significantly impacts the local economy, public health, and the future of research and technology in the region.
This information is meant to be a general summary of Friends Of Trtf. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $72,438
- Gross Receipts: $72,738
Assets and Liabilities:
- Total Assets: $7,460,482
- Total Liabilities: $995
- Net Assets: $7,459,487
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Organization Details
Founding Year
2019
Phone
(210) 866-8073Principal Officer
J Randolph Harig
Main Address
1305 E Houston St, San Antonio, TX, 78205
NTEE Category
Code: G11 - Disease
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