Nonprofit · EIN 74-2311260
TEXAS RESEARCH AND TECHNOLOGY FOUNDATION
Tax-exempt · SAN ANTONIO, TX 78205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,532,193 | $4,659,827 | -$2,127,634 | $74,186,483 | $30,919,564 | $43,266,919 |
| December 31, 2023 | 990 | $15,033,092 | $4,773,660 | $10,259,432 | $68,163,786 | $20,292,751 | $47,871,035 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,455,939
- of which government grants
- $2,328,282
- Program service revenue
- $868,194
- Investment income
- $181,082
- Net gain from sales of assets
- -$37,295
- Other revenue
- -$973,022
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $868,884
- Other salaries and wages
- $429,055
- Salaries, compensation and benefits (total)
- $1,604,763
- Professional fundraising fees
- $0
- Legal fees
- $159,038
- Accounting fees
- $131,692
- Occupancy
- $931,104
- Travel
- $19,547
- Depreciation
- $155,882
- Program services (functional)
- $3,216,964
- Management and general (functional)
- $1,442,863
Balance sheet and other
- Total assets, start of year
- $68,163,786
- Total assets, end of year
- $74,186,483
- Total liabilities, end of year
- $30,919,564
- Net assets, end of year
- $43,266,919
- Land, buildings and equipment
- $6,608,778
- Publicly traded securities
- $3,001,760
- Net assets without donor restrictions
- $43,266,919
- Gross receipts
- $2,569,488
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1984
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rene I Dominguez | President and CEO Trustee or director, Officer | 40 | $339,771 | $19,586 |
| Rick A Hernandez | CFO Officer | 40 | $252,012 | $13,562 |
| Jessica L Harris | COO Officer | 40 | $241,935 | $1,658 |
| Juan Sebastian Garzon | Executive Director Highest-paid employee | 40 | $133,194 | $6,727 |
| Chris Claus | Board of Directors Trustee or director | 1 | $0 | $0 |
| Larry Mills | Board of Directors Trustee or director | 1 | $0 | $0 |
| Cathy Starnes | Board of Directors Trustee or director | 1 | $0 | $0 |
| Darryl Byrd thru September | Board of Directors Trustee or director | 1 | $0 | $0 |
| Matt Duke | Board of Directors Trustee or director | 1 | $0 | $0 |
| Michelle Lugalia-Hollon | Board of Directors Trustee or director | 1 | $0 | $0 |
| Preston Woolfolk | Chairman Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J Randolph Harig | CEO/Board Member Trustee or director, Officer | 40 | $610,906 | $35,722 |
| rene i dominguez | coo Officer | 40 | $333,158 | $35,986 |
| Rick A Hernandez | CFO Officer | 40 | $243,868 | $26,943 |
| Jessica Harris | CAO Officer | 40 | $224,588 | $14,448 |
| Bradley A Wheeless | Executive Director Key employee | 40 | $212,000 | $958 |
| Juan S Garzon Coronado | Executive Director Highest-paid employee | 40 | $122,669 | $16,360 |
| david fonseca | CEO(VelocityTX) Jan - July Officer | 40 | $125,640 | $12,581 |
| christopher claus | Board Member Trustee or director | 0 | $0 | $0 |
| larry mills | Board Member Trustee or director | 0 | $0 | $0 |
| Joyce Pingel | Board Member Trustee or director | 0 | $0 | $0 |
| David Preston Woolfolk | Chairman Trustee or director | 0 | $0 | $0 |
| Cathy Starnes | Board Member Trustee or director | 0 | $0 | $0 |
| Darryl Byrd | Board Member, Secretary Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1305 EAST HOUSTON STREET, SAN ANTONIO, TX 78205-2002
- In care of
- % RICK HERNANDEZ
- Principal officer (990 for 2024)
- Rene I Dominguez, 1305 East Houston Street, San Antonio, TX 78205
- Signed the 990
- Rene I Dominguez, CEO
- Phone
- (210) 591-2456
- Website
- velocitytx.org
- Return prepared by
- Aprio Advisory Group LLC
Mission
See Schedule O
Program accomplishments
- See Schedule OExpenses $3,216,964 · revenue $868,194
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2311260
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G30J)
- Assets (IRS master file)
- $74,186,483
- Income (IRS master file)
- $2,569,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,532,193 | $4,659,827 | $74,186,483 | XML |
| 990 | December 2023 | $15,033,092 | $4,773,660 | $68,163,786 | XML |
| 990 | December 2022 | $7,515,026 | $6,336,369 | $59,424,466 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2311260).
Questions about TEXAS RESEARCH AND TECHNOLOGY FOUNDATION
- What is the EIN of TEXAS RESEARCH AND TECHNOLOGY FOUNDATION?
- The employer identification number (EIN) of TEXAS RESEARCH AND TECHNOLOGY FOUNDATION is 74-2311260.
- Is TEXAS RESEARCH AND TECHNOLOGY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to TEXAS RESEARCH AND TECHNOLOGY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS RESEARCH AND TECHNOLOGY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TEXAS RESEARCH AND TECHNOLOGY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEXAS RESEARCH AND TECHNOLOGY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of TEXAS RESEARCH AND TECHNOLOGY FOUNDATION?
- The 990 for the year ended December 31, 2024 names Rene I Dominguez.
- Who are the officers and directors of TEXAS RESEARCH AND TECHNOLOGY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $339,771 (Rene I Dominguez, President and CEO).
- How much revenue does TEXAS RESEARCH AND TECHNOLOGY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,532,193, expenses of $4,659,827 and total assets of $74,186,483 at year end.
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