Civic Intelligence

Friends of Trtf

EIN 84-4065430 • 501(c)3 • San Antonio, TX

Profile

To support texas research and technology foundation (trtf) through the federal new markets tax credit program.

1305 E Houston StSan Antonio, TX 78205

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.09x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$359,357

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 498.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

37th percentile

1.0%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

33rd percentile

-0.4%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$7,604,936

Up $72,098 (+1.0%) from 2023

Liabilities

Up

$6,269

Up $5,274 (+530%) from 2023

Net Assets

Up

$7,598,667

Up $66,824 (+0.9%) from 2023

Revenue

Down

$72,116

Down $311 (-0.4%) from 2023

Expenses

Up

$5,292

Up $5,221 (+7354%) from 2023

Net Income

Down

$66,824

Down $5,532 (-7.6%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $7,242,700Liabilities 2019: $0Net Assets 2019: $7,242,7002019Assets 2020: $7,315,478Liabilities 2020: $0Net Assets 2020: $7,315,4782020Assets 2021: $7,387,837Liabilities 2021: $300Net Assets 2021: $7,387,5372021Assets 2022: $7,460,482Liabilities 2022: $995Net Assets 2022: $7,459,4872022Assets 2023: $7,532,838Liabilities 2023: $995Net Assets 2023: $7,531,8432023Assets 2024: $7,604,936Liabilities 2024: $6,269Net Assets 2024: $7,598,6672024

Highlighted filing

2024

Assets$7,604,936
Liabilities$6,269
Net Assets$7,598,667

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2019: $7,242,700Expenses 2019: $0Net Income 2019: $7,242,7002019Revenue 2020: $72,829Expenses 2020: $51Net Income 2020: $72,7782020Revenue 2021: $73,212Expenses 2021: $1,153Net Income 2021: $72,0592021Revenue 2022: $72,738Expenses 2022: $788Net Income 2022: $71,9502022Revenue 2023: $72,427Expenses 2023: $71Net Income 2023: $72,3562023Revenue 2024: $72,116Expenses 2024: $5,292Net Income 2024: $66,8242024

Highlighted filing

2024

Revenue$72,116
Expenses$5,292
Net Income$66,824

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$72,116
Mission and Program Overview

Mission

To support texas research and technology foundation (trtf) through the federal new markets tax credit program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,242,700$7,242,700→ $0
Savings and Temporary Cash Investments$289,827$362,236▲ $72,409
Accounts Receivable$311--
Total Assets$7,532,838$7,604,936▲ $72,098
Liabilities
Accounts Payable and Accrued Expenses$995$6,269▲ $5,274
Total Liabilities$995$6,269▲ $5,274
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,531,843$7,598,667▲ $66,824
Total Net Assets Fund Balance$7,531,843$7,598,667▲ $66,824
Total Liabilities and Net Assets / Fund Balance$7,532,838$7,604,936▲ $72,098
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rene I DominguezChairman and CEO
Eric Roe PetersonDirector
Ken RecterDirector
Robert Reed BentleyDirector
Rick A HernandezSecretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$-311
Program Service Revenue
$0
Investment Income
$72,427
Other Revenue
$0
Change in Net Assets
$66,824
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,292
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,911-$4,911
Fees for Services Legal-$303-$303
Interest-$60-$60
Other Expenses-$18-$18
Total Functional Expenses$0$5,292$0$5,292
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

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.

Part VI, Section B, Line 15B - Compensation

Friends of Texas Research and Technology Foundation does not provide compensation to any other officers.

Form 990, Part VI, Section B, line 12C

The policy is included in the Employee Policy Manual and is applicable to the Board of Trustees. The Executive Committee, along with the President and CEO, monitors for compliance and reviews any potential or actual conflicts. Any member of the Governing Body that has a confilct of interest on a particular matter is required to abstain from voting on that matter.

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Friends of TRTF
EIN
84-4065430
Phone
2105912456
Address
1305 E Houston St, San Antonio, TX 78205

Signing Officer

Name
Rene I Dominguez
Title
CEO
Phone
2105912456
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene I Dominguez
Formed
2019
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Aprio Advisory Group LLC
Address
922 Isom Road Suite 100, San Antonio, TX 78216
Preparer
Stacy Cullen
Phone
4048929651
Supplemental Narrative

Additional Explanations

Part XII, Line 2C:

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

Financial Statement Notes

Part X, Line 2:

The Foundation is a nonprofit organization exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). Accordingly, no provision for federal income taxes is required. The Foundation applies the guidance on accounting for uncertain tax positions in FASB ASC 740 Income Taxes.

Raw XML AppendixShowing 400 of 475 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0An 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Friends of Texas Research and Technology Foundation does not provide compensation to any other officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The policy is included in the Employee Policy Manual and is applicable to the Board of Trustees. The Executive Committee, along with the President and CEO, monitors for compliance and reviews any potential or actual conflicts. Any member of the Governing Body that has a confilct of interest on a particular matter is required to abstain from voting on that matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990, financial statements and other documents will be provided upon request to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization selected a new auditor and accounting firm to conduct the 2024 audit and prepare the 2024 tax return.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, Line 15B - Compensation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Texas Research and Technology Foundation
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0VelocityTX LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0273188112
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Business Accelerator
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01305 E Houston St
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0San Antonio
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd078205
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0741782480
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1843801368
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2742427107
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Retail / Wholesale
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1Holding Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2Fencing
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Allen & Allen LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1Merchants Ice Manager LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2Quality Fence & Welding LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0202 Culebra Rd
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt11305 E Houston St
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt213115 Wetmore Road
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0San Antonio
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1San Antonio
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm2San Antonio
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd2TX
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd078204
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd178205
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd278247
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0843814142
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1844046153
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0Real Estate Holding Company
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1Real Estate Holding Company
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0Merchants Ice LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1Merchants Ice II LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt01305 E Houston St
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt11305 E Houston St
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0San Antonio
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1San Antonio
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd078205
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd178205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Texas Research and Technology Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1Texas Research and Technology Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2Texas Research and Technology Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Texas Research and Technology Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Community House Charitable Trust
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Alamo Angels
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0742311260
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1856612408
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2814133515
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Research
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Economic Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2Economic Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12b, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01305 E Houston St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11305 E Houston St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21305 E Houston St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Antonio
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1San Antonio
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2San Antonio
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd178205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd278205
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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