Technology & Entrepreneurship Center Of Houston Inc, Houston Technology Center in Houston, Texas (TX)

Technology & Entrepreneurship Center Of Houston Inc, Houston Technology Center
Employer Identification Number (EIN)	760589315
Name of Organization	Technology & Entrepreneurship Center Of Houston Inc
Secondary Name	Houston Technology Center
In Care of Name	John W Sim Vp Fin & Admin
Address	410 Pierce St, Houston, TX 77002-8646
Subsection	Charitable Organization
Ruling Date	06/1999
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$1,525,341
Amount of Income	$3,414,494
Form 990 Revenue Amount	$3,173,069
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Urban, Community Economic Development

Non-representatives - add comments:

Amount of income in 2013: $3,414,494 (it was $3,479,482 in 2012)

This organization:	$3,414,494
Other organizations performing similar types of work:	$141,217

Assets in 2013: $1,525,341 (it was $1,320,420 in 2012)

This organization:	$1,525,341
Other organizations performing similar types of work:	$121,026

Expenses in 2013: $2,887,755

This organization:	$2,887,755
Other organizations performing similar types of work:	$118,087

Income to expenses ratio in 2013: 1.2

Technology & Entrepreneurship Center Of Houston Inc, Houston Technology Center:	1.2
Other organizations performing similar types of work:	1.6

Grants share in income in 2013: 74.3%

Technology & Entrepreneurship Center Of Houston Inc, Houston Technology Center:	74.3%
Other organizations performing similar types of work:	87.4%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	Yes	Yes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	No	No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		28	33
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		0	0
Did the organization file all required federal employment tax returns?		No	No
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$591,000	$614,524
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$28,926	$27,376
Total number of individuals who received more than $100,000 of reportable compensation from the organization	4	4
Total number of independent contractors who received more than $100,000 of compensation from the organization	3	3

	2011	2012	2013
Statement of Revenue
Total revenue	$2,219,221	$3,247,779	$3,173,069
Contributions, Gifts, Grants and Other Similar Amounts	$1,652,570	$2,619,330	$2,358,449
Program Service Revenue	$671,467	$698,732	$637,729
900099		$15,203	$15,616
Lessors of Nonresidential Buildings (except Miniwarehouses)		$683,529	$622,113
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$0	$0	$0
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$-28	$-247	$-456
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $2,610	$0 / $0	$0 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $2,638	$0 / $247	$0 / $456
Gain or (loss) (Securities / Other)	$0 / $-28	$0 / $-247	$0 / $-456
Net income/loss from fundraising events	$-226,824	$-209,751	$-222,199
Gross income from fundraising events	$65,798	$21,705	$18,770
Less: direct expenses	$292,622	$231,456	$240,969
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$122,036	$139,715	$399,546
900099		$139,715	$399,546
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$2,267,052	$2,726,420	$2,887,755
Grants and other assistance to domestic organizations and domestic governments		$145,000	$135,000
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$544,673	$591,000	$609,500
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$774,145	$1,054,027	$1,244,742
Pension plan accruals and contributions		$0	$0
Other employee benefits		$0	$0
Payroll taxes	$0	$0	$0
Fees for services (non-employees)
Management		$0	$0
Legal		$77	$0
Accounting		$20,092	$20,160
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$219,814	$178,639
Advertising and promotion		$42,390	$46,062
Office expenses		$10,977	$13,418
Information technology		$16,497	$13,574
Royalties		$0	$0
Occupancy		$447,179	$406,722
Travel		$0	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$0	$0
Interest		$32,328	$26,729
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$74,924	$114,247
Insurance		$30,031	$32,368
Other expenses		$25,159	$19,364
Other expenses		$5,541	$18,504
Other expenses		$9,906	$8,228
Other expenses		$1,301	$498

	2011	2012	2013
Balance Sheet
Total assets	$889,536	$1,320,420	$1,525,341
Cash - non-interest-bearing		$0	$0
Savings and temporary cash investments		$284,186	$415,812
Pledges and grants receivable, net		$462,750	$363,198
Accounts receivable, net		$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$43,306	$44,387
Land, buildings, and equipment: cost or other basis		$528,666	$489,650
Investments - publicly traded securities		$0	$0
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$1,512	$212,294
Other assets		$0	$0
Total liabilities	$713,537	$623,062	$542,669
Accounts payable and accrued expenses		$137,393	$91,851
Grants payable		$0	$0
Deferred revenue		$188,048	$168,754
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$308,431	$297,621	$282,064
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0
Total net assets or fund balances	$175,999	$697,358	$982,672
Unrestricted net assets		$247,064	$625,503
Temporarily restricted net assets		$450,294	$357,169
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$8,802,509
Subtotal Support	$9,530,951
Gifts, grants, contributions, and membership fees received	$9,530,951
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$728,442
Total Support	$10,458,815
Public Support	$9,530,951
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$0
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$927,864
Gross receipts from related activities, etc.	$3,674,558

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$475	$0	$475
Gross receipts or sales less returns and allowances	$0	$0	$0
Cost of goods sold	$0	$0	$0
Gross profit	$0	$0	$0
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$0	$0	$0
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$4,751	$0	$475
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$0
Compensation of officers, directors, and trustees	$0
Salaries and wages	$0
Repairs and maintenance	$0
Bad debts	$0
Interest	$0
Taxes and licenses	$0
Charitable contributions	$0
Depreciation	$0
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$0
Unrelated business taxable income	$0
Unrelated business taxable income before net operating loss deduction	$475
Net operating loss deduction	$0
Unrelated business taxable income before specific deduction	$475
Specific deduction	$1,000

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Ventura County Community Development Corporation	2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813	CA	2003-05	$5,683,551
2	Old Spanish Trail-Almeda Corridors Redevelopment Authority	5445 Almeda Rd Ste 545, Houston, TX 77004-7450	TX	2014-09	$7,381,617
3	Startech Foundation	PO BOX 781448, San Antonio, TX 78278	TX	2002-09	$351,551
4	Christian Transformation Foundation-West Dallas	2215 Canada Dr, Dallas, TX 75212-1614	TX	2010-04	$305,027
5	Stockyards Preservation Foundation Of Fort Worth Texas Inc	500 Ne 23rd St, Fort Worth, TX 76164-8219	TX	2007-04	$104,968
6	Downtown Renaissance District Inc	PO BOX 1089, Port Arthur, TX 77641-1089	TX	2011-10	$98,044
7	Kingsville Housing Authority Resident Association	1000 West Corral, Kingsville, TX 78363	TX	1996-06	$77,218
8	Hc Events Inc	1001 Preston St Ste 911, Houston, TX 77002-1817	TX	2010-08	$74,928
9	Church Of Canaan	6202 Star Lake, Humble, TX 77396	TX	2005-04	$74,000
10	Luling Main Street Inc	P O Box 710, Luling, TX 78648-0710	TX	2003-12	$64,900
11	Redemption Community Development Corporation	8870 W Sam Houston Parkway N, Houston, TX 77040	TX	2014-02	$50,329
12	Building Dreams Development Incorporated	PO BOX 8450, Houston, TX 77288	TX	2003-02	$28,550
13	Texas Prairie River Region Inc	PO BOX 1173, Canadian, TX 79014-1173	TX	1999-12	$11,915
14	Free The Streets	2807 Baskin Dr, Lancaster, TX 75134-1933	TX	2013-01	$5,000
15	Alpha Phi Alpha National Community & Economic Development Corporation	6202 Crane, Houston, TX 77026	TX	1999-11	$0
16	Arlington Foundation Town Center Inc	503 East Border Street, Arlington, TX 76010	TX	1998-03	$0
17	Aurora Community Development Corporation	3830 Hwy 365, Port Arthur, TX 77642	TX	2012-05	$0
18	Bcs Economic Development Corporation	1306 Beck St, Bryan, TX 77803-3701	TX	2015-01	$0
19	Better Belton Foundation Inc, Larry W Guess Pres	PO BOX 1996, Belton, TX 76513-5996	TX	2013-05	$0
20	Center For Opportunity Urbanism	3900 Essex Ln Ste 1200, Houston, TX 77027-5486	TX	2015-03	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	36
Arkansas	9
Arizona	16
California	121
Colorado	26
Connecticut	22
District of Columbia	16
Delaware	6
Florida	53
Georgia	54
Hawaii	10
Iowa	18
Idaho	7
Illinois	68
Indiana	30
Kansas	9
Kentucky	18
Louisiana	32
Massachusetts	22
Maryland	45
Maine	10
Michigan	54
Minnesota	10
Missouri	35
Mississippi	17

Montana	9
North Carolina	65
North Dakota	5
Nebraska	6
New Hampshire	8
New Jersey	38
New Mexico	14
Nevada	6
New York	135
Ohio	94
Oklahoma	18
Oregon	18
Pennsylvania	93
Rhode Island	2
South Carolina	34
South Dakota	10
Tennessee	36
Texas	74
Utah	5
Virginia	30
Vermont	9
Washington	29
Wisconsin	30
West Virginia	14
Wyoming	3
International	7

Total

1,538

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