Central Texas Angel Network

“The draft tax filing was shared with the Board Chair and incoming Treasurer, who in turn provided and opportunity for all members of the Board to review. Upon completion of that process, the outgoing Treasurer was given permission to file the return.”

“The compensation of employees is determined by the board of directors, all of whom are independent and receive no compensation in making those determinations. The directors sought to reference market-based compensation data for similar positions to the extent that it was available.”

“The organizatio does not make financial statements or governing documents available to the public, other than those required to be made available pursuant to irc section 501(a) and regulation 301 6104(d) or other applicable federal or state statutes.”

“Hosted more than 25 events and meetings all focused on helping accredited investors and entrepreneurs build successful early-stage companies participated in several community education panels, mentoring sessions, and other speaking engagements in which we taught entrepreneurs about seeking capital and working with angel investors. Led 4 investor education events, introducing new members to investing principles and teaching member topics relevant to early stage investing. Increased our outreach to support our business community work through new and expanded community partnerships with entrepreneur support organizations. Ctan members increased support to their existing portfolios with follow-on investments in 17 companies, increasing the investment total of follow-on companies to $64.1 million. Ctan members invested in 3 new companies, increasing the investment total of new portfolio companies to $59.6 million.”

“The form 990 was prepared by the organization's treasurer and circulated to all board members to permit their review and comment should they choose to do so before filing.”