Texas Research and Technology Foundation

“The Foundation has entered into Agreements with DOCUmation for copiers and network technology solutions . Preston Woolfolk, Chairman of the Board of Directors is the Co-CEO of DOCUmation. The Foundation has entered into Agreements with DOCUmation for copiers and network technology solutions . Preston Woolfolk, Chairman of the Board of Directors is the Co-CEO of DOCUmation. Matthew Duke, a Board Member, owner of The South Texas Business Lawers has provided legal consulation on operating matters and has spoken as a speaker at Program Events.”

“An outside accounting firm prepares and files the organization's Form 990. Management conducts a review of the draft and provides it to the Executive Committee for review. The final draft is provided to the entire board for review and approval.”

“The Conflict of Interest Policy is included in the Employee Policy Manual and is applicable to the Board of Trustees. At the Board of Trustee's Annual Board Meeting that approves the budget (December), TRTF staff administers and renews Conflict of Interest Statements to the Board of Trustees. The Executive Comittee, along with the President and CEO, monitors for compliance and reviews any potential or actual conflicts. The Chief Operating Officer currently oversees and administers the Conflict of Interest Policy. Any member of the governing body that has a conflict of intererest on a particular matter is required to abstain from voting on that matter.”

“A thorough review is conducted and performed in conjunction with the annual bonuses awarded at year end by the Board of Trustees. The review is recorded in the meeting minutes. In January 2024, the board commissioned a compensation study to determine the reasonableness of the CEO's compensation.”

“The Form 990, financial statements and other documents will be provided upon request to the public.”

“Texas Research and Technology Foundation (TRTF) is San Antonio's champion for delivering sustainable economic and community growth. We connect, develop and fund innovative ventures that enhance our bioscience and technology ecosystem. TRTF has acted as the technology-based economic developer for the city of San Antonio, Bexar County and the state of Texas since its establishment in 1984. TRTF has been successfully promoting and developing emerging technologies and the life science industry in the San Antonio area. In that time, it has successfully developed a research park on the far westside of San Antonio, incubated companies that spun-out into successful enterprises and ultimately crated jobs and spurred investments. More recently, TRTF purchaed the five-acre Merchant Ice and Storage Complex which is located on E. Houston St. on the near eastside of downtown - a historically underinvested area of San Antonio. While preserving the historic nature of the complex, TRTF is redeveloping the complex into an innovation center with an incubator / accelerator and offices / labs.”

“Technology based economic development: TRTF, through its subsidiary VelocityTX, executed its Annual Global Accelerator Program. The accelerator shepherded 5 companies through technical assistance and mentorship programs that provide emerging companies the assistance they needed to help grow and commercialize their products / services. TRTF also executed two emerging venture pipeline luncheons which showcase emerging companies to the community to highlight their technologies and to help”

“The organization selected a new auditor and accounting firm to conduct the 2024 audit and prepare the 2024 tax return.”