Technology & Entrepreneurship Center of Houston Inc.

“Review process of organization's form 990 the 990 is reviewed by management and is then provided to all members of the board upon completion electronically. All members have an opportunity to comment and review prior to filing.”

“Monitoring of compliance with conflict of interest policy board members, employees, independent contractors and volunteers are required to provide annual ethics and conflicts forms. Forms with any conflicts are referred to the executive committee for review and action.”

“Determination and review of compensation of ceo or executive director the organization's board approved a 3 year compensation agreement, with an option to renew annually by mutual consent, for the organization's ceo effective 2/1/2007 after consultation with an independent executive search firm. The organization board reviewed the contract and extended it to february 1, 2017. On january 7, 2016 the president and ceo announced his retirement effective february 1, 2017. Any bonus paid to the ceo is approved by the executive committee of the board.”

“Determination and review of compensation of officers or key employee the organization's board approved a compensation agreement effective 2/1/2007 with the organization's executive vice chairman. The organization board reviewed the contract and extended it yearly. By mutual consent, as of may 1, 2015, employment was continued, but on an at will basis. The organization's board approves the annual election of all officers of the organization. The ceo approves compensation and bonuses of all employees other than the ceo.”

“Organizational documents made available to the public the organization's tax return, audited financial statements and conflict of interest policy are made available to the public upon request.”

“Significant changes to the organizational documents since the prior form 990 was filed the following modification to the bylaws was made on 9/29/2016: resolved, that the amended and restated bylaws of technology and entrepreneurship center of houston, inc. D/b/a houston technology center effective as of december 8, 2004 be hereby further amended pursuant to article 2, section 2.12(b) from: the executive committee shall be chaired by the president and chief executive officer, to: the executive committee shall be chaired at any meeting by the chairman of the board of directors, or in his or her absence, the president and chief executive officer.”

“Number of employees the organization leases employees through a staff-leasing company. Accordingly, no w-3 or w-2s were filed by the organization.”

“Other changes in net assets amounts reclassified from restrictions to deferred revenue ($30,750)”