Form 990 for tax year 2022
Filed by TECHNOLOGY & ENTREPRENEURSHIP CENTER OF HOUSTON INC.
Totals
- Total revenue
- $647,307
- Total expenses
- $520,201
- Contributions and grants received
- $647,307
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $43,569
- Total liabilities, end of year
- $78,926
- Net assets or fund balances, end of year
- -$35,357
- Program services expenses (Part IX)
- $325,036
- Management and general expenses
- $138,775
- Fundraising expenses
- $56,390
- Program service expenses (Part III)
- $325,036
Program services were 62.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$647,307
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $118,574 · program services $83,002 · management and general $17,786 · fundraising $17,786
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $198,657 · program services $139,059 · management and general $29,799 · fundraising $29,799
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $35,439 · program services $24,807 · management and general $5,316 · fundraising $5,316
-
10 · Payroll taxes
total $23,261 · program services $16,283 · management and general $3,489 · fundraising $3,489
-
11a · Fees: management
total $40,491 · management and general $40,491
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $1,734 · management and general $1,734
-
13 · Office expenses
total $16,698 · program services $4,099 · management and general $12,599
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $10,488 · program services $9,439 · management and general $1,049
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $19,309 · management and general $19,309
-
23 · Insurance
total $403 · management and general $403
-
24a · Other expenses: Events
total $41,547 · program services $41,547
-
24b · Other expenses: Platforms / Software
total $13,600 · program services $6,800 · management and general $6,800
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $64,391 · end of year $140
-
3 · Pledges and grants receivable
beginning of year $216,667 · end of year $0
-
4 · Accounts receivable
beginning of year $25,000 · end of year $25,000
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $20,967 · end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $18,429 · end of year $18,429
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $16,815
-
23 · Secured mortgages and notes payable
beginning of year $509,533 · end of year $78,926
-
28 · Net assets with donor restrictions
beginning of year -$180,894 · end of year -$35,357
Mission and programs · 2022
Mission
Connect, attract and promote innovation resources within Houston; connect entrepreneurial companies with startup development organizations (SDO) and attract venture capital and new SDOs to Houston; Provides a web platform to capture data on the economy.
Activities or mission (Part I)
ACCELERATE THE DEVELOPMENT AND GROWTH OF HOUSTON'S INNOVATION ECONOMY.
-
OPERATIONS AND MANAGEMENT OF INCUBATOR FACILITY TO PROVIDE BELOW MARKET RENTS TO STARTUPS AND MEETUP AND MEETING SPACE TO STARTUPS
Expenses $325,036
As filed on the 2022 return.
Listed in Part VII
-
Serafina Lalany
CEO
- Total calculated
- $94,584
- From this org
- $94,584
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Danielle Chatman
CFO
- Total calculated
- $23,989
- From this org
- $23,989
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joe Alapat
Director
- Total calculated
- $0
- Hours/week
- 1
-
Blair Garrou
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Burger
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Renu Khator
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gina Luna
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Reale
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Cannings
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rakesh Agrawal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert W Harvey
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa Wyche
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Goodfellow
Director
- Total calculated
- $0
- Hours/week
- 1
-
Guarav Khandelwal
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Campbell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gordon Daugherty
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emily Keeton
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roberto Moctezuma
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jan Odegard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Martha Castex-Tatum
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Toon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Richards
Director
- Total calculated
- $0
- Hours/week
- 1
-
David W Leebron
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441009349300734
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