2021-11-15T09:30:38-06:00 2020-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2020-01-01 752342376 THE REAL ESTATE COUNCIL INC REAL 2146923603 3100 MCKINNON STREET NO 1150 DALLAS TX 752011104 LINDA MCMAHON CEO/PRESIDENT 2146923603 2021-11-12 1 LINDA MCMAHON 999009999 JOSEPHINE BEHREND P00715390 2108286281 2021-11-12 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LINDA MCMAHON 3100 MCKINNON STREET NO 1150 DALLAS TX 752011104 1284783 0 X WWW.RECOUNCIL.COM X 1990 TX CULTIVATE RELATIONSHIPS IN THE COMMERCIAL REAL ESTATE INDUSTRY TO CATALYZE COMMUNITY INVESTMENT, INFLUENCE POLICY, PROPEL CAREERS AND DEVELOP THE LEADERS OF TOMORROW. 54 54 12 521 0 0 0 21499 1538948 1261907 305 377 0 1000 1539253 1284783 0 0 0 0 822549 796569 0 0 0 590720 332412 1413269 1128981 125984 155802 930144 1340018 648099 902171 282045 437847 X TREC'S MISSION IS TO CULTIVATE RELATIONSHIPS IN THE COMMERCIAL REAL ESTATE INDUSTRY TO CATALYZE COMMUNITY INVESTMENT, INFLUENCE POLICY, PROPEL CAREERS AND DEVELOP THE LEADERS OF TOMORROW.WE BELIEVE RELATIONSHIPS ARE THE LIFEBLOOD OF CAREER SUCCESS, CIVIC RESPONSIBILITY AND COMMUNITY INVESTMENT. 0 0 TREC FOCUSES ON LEADERSHIP DEVELOPMENT OF THE NEXT GENERATION OF LEADERS AND EDUCATION OF OUR MEMBERS THROUGH CUTTING EDGE EDUCATIONAL PROGRAMMING AS WELL AS HIGH LEVEL NETWORKING OPPORTUNITIES FOR OUR MEMBERS. TO ACHIEVE TREC'S VISION OF A WORLD-CLASS AND LIVABLE NORTH TEXAS REGION FOR ALL, TREC ADVOCATES FOR PUBLIC POLICIES WHICH PROMOTE LONG-TERM ECONOMIC GROWTH AND VITALITY AS WELL AS QUALITY OF LIFE ACROSS THE REGION. WE ENGAGE IN POLICY ISSUES WHICH IMPACT THE COMMERCIAL REAL ESTATE INDUSTRY AND THE PUBLIC GOOD IN A SIGNIFICANT WAY TO BUILD THE CITY WE'VE IMAGINED. 0 0 0 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 3 0 1 12 1 0 0 0 0 1 1 0 0 0 X 54 54 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X NEBIAT WODERE 2146923603 3100 MCKINNON STREET NO 1150 DALLAS TX 752011104 BETH LAMBERT BOARD MEMBER 0.50 0.00 X 0 0 0 BILL CAWLEY CHAIRMAN 1.00 2.00 X X 0 0 0 BILL DAHLSTROM BOARD MEMBER 0.50 0.00 X 0 0 0 BRANT BROWN BOARD MEMBER 0.50 0.00 X 0 0 0 BRENT HOUSTON BOARD MEMBER 0.50 0.00 X 0 0 0 BRIAN CRAMER BOARD MEMBER 0.50 0.00 X 0 0 0 CHAD SCHIEBER MEMBERSHIP CHAIR 1.00 0.00 X 0 0 0 CHRIS MCCLUSKEY BOARD MEMBER 0.50 0.00 X 0 0 0 COLIN FITZGIBBONS BOARD MEMBER 0.50 0.00 X 0 0 0 DANNY HERTEL BOARD MEMBER 0.50 0.00 X 0 0 0 DARREN L JAMES BOARD MEMBER 0.50 0.00 X 0 0 0 DOUG NASH BOARD MEMBER 0.50 0.00 X 0 0 0 DUSTIN SCHULTZ BOARD MEMBER 0.50 0.00 X 0 0 0 GERALD W DUNN PAC CHAIR 2020 1.00 1.00 X 0 0 0 GILBERT GERST BOARD MEMBER 0.50 0.00 X 0 0 0 HOLT LUNSFORD FIGHTNIGHT CHAIR 2020 1.00 2.00 X 0 0 0 JAMES DUNN BOARD MEMBER 0.50 0.00 X 0 0 0 JASON L SIGNOR BOARD MEMBER 0.50 0.00 X 0 0 0 JASON MCCANN BOARD MEMBER 0.50 0.00 X 0 0 0 JEFF KOCHER COMMUNITY FUND CHAIR 1.00 1.00 X 0 0 0 JEFF MONTGOMERY BOARD MEMBER 0.50 0.00 X 0 0 0 JIM B KNIGHT PAST CHAIRMAN 0.50 0.00 X X 0 0 0 JOHN L RIGGINS BOARD MEMBER 0.50 0.00 X 0 0 0 JON RUFF BOARD MEMBER 0.50 0.00 X 0 0 0 JONAS WOODS BOARD MEMBER 0.50 0.00 X 0 0 0 JONATHAN NAPPER BOARD MEMBER 0.50 0.00 X 0 0 0 JONATHAN VINSON SECRETARY 1.00 0.00 X X 0 0 0 KARYN MARTIN LEADERSHIP DEVELOPMENT ADVISORY CHAIR 1.00 0.00 X 0 0 0 KATHERINE BLOOM BOARD MEMBER 0.50 0.00 X 0 0 0 KATY SLADE BOARD MEMBER 0.50 0.00 X 0 0 0 KEVIN BRYANT BOARD MEMBER 0.50 0.00 X 0 0 0 KIM BUTLER PROGRAMS CHAIR 1.00 0.00 X 0 0 0 KING SCOVELL BOARD MEMBER 0.50 0.00 X 0 0 0 KRISTIAN TELEKI PUBLIC POLICY CHAIR 1.00 1.00 X 0 0 0 LUCY P BURNS BOARD MEMBER 0.50 0.00 X 0 0 0 MARK BUSKUHL BOARD MEMBER 0.50 0.00 X 0 0 0 MARY STONER YOST BOARD MEMBER 0.50 0.00 X 0 0 0 MATT BALLARD ALC CLASS CHAIR 2020 1.00 1.00 X 0 0 0 MELISSA EASTMAN GIVING GALA CHAIR 2020 1.00 2.00 X 0 0 0 MICHAEL A KRYWUCKI BOARD MEMBER 0.50 0.00 X 0 0 0 MICHAEL B ABLON CHAIRMAN-ELECT 1.00 1.00 X X 0 0 0 MIKE D BRYANT BOARD MEMBER 0.50 0.00 X 0 0 0 MOODY D YOUNGER BOARD MEMBER 0.50 0.00 X 0 0 0 PETER READ BOARD MEMBER 0.50 0.00 X 0 0 0 RAY W WASHBURNE BOARD MEMBER 0.50 0.00 X 0 0 0 RON MILLER BOARD MEMBER 0.50 0.00 X 0 0 0 SARAH HINKLEY KENNINGTON ALC CLASS CHAIR 2021 1.00 1.00 X 0 0 0 STEPHEN T CROSSON BOARD MEMBER 0.50 0.00 X 0 0 0 STEVE RADO TREASURER 1.00 1.00 X X 0 0 0 TOBIN SWOPE BOARD MEMBER 0.50 0.00 X 0 0 0 TODD WATSON BOARD MEMBER 0.50 0.00 X 0 0 0 TOM BURNS BOARD MEMBER 0.50 0.00 X 0 0 0 TREY MORSBACH BOARD MEMBER 0.50 0.00 X 0 0 0 YELDA D TUZ BOARD MEMBER 0.50 0.00 X 0 0 0 CARLA BRANDT CFO 20.00 20.00 X 11526 34577 5077 LINDA MCMAHON CEO/PRESIDENT 32.00 8.00 X 205513 88077 16233 217039 122654 21310 2 0 1 0 0 21499 21499 MEMBERSHIP DUES 812900 1025284 1025284 PROFESSIONAL DEVELOPME 812900 234600 234600 MANAGEMENT FEES 812900 2023 2023 1261907 377 377 MISCELLANEOUS INCOME 900099 1000 1000 1000 1284783 1262907 0 377 229671 470324 13558 34490 48526 26048 23000 70908 29130 17631 25424 45040 1131 57134 23155 8811 STRATEGIC INITIATIVES 5000 1128981 531612 751899 203144 203494 69977 39425 38993 37106 271951 203355 85698 68596 720 239498 930144 1340018 110117 69023 537982 643069 0 190079 648099 902171 X 282045 437847 282045 437847 930144 1340018 155802 0 X 1 X 0 1 0 1 0 0 100005 72208 27797 141805 101006 40799 30141 30141 0 68596 INTERCOMPANY DUE TO/FROM 239498 239498 X PART X, LINE 2: TREC IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(6) OF THE U.S. INTERNAL REVENUE CODE AND HAS BEEN DETERMINED TO BE AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR INCOME OR EXCISE TAX HAS BEEN MADE. HOWEVER, SHOULD TREC ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. TREC HAS NOT INCURRED ANY FEDERAL INCOME TAX FOR THE YEAR ENDED DECEMBER 31, 2020. MANAGEMENT EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. X X 0 0 0 LINDA MCMAHON CEO/PRESIDENT 205353 88008 0 0 160 69 5985 2565 5378 2305 216876 92947 0 0 FORM 990, PART I, LINE 6, VOLUNTEERS: THE REAL ESTATE COUNCIL, INC. (TREC) UTILIZES VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS; TO OVERSEE COMMITTEES; AND TO ASSIST WITH ALL OPERATIONS OF THE TRADE ASSOCIATION. VOLUNTEERS ASSIST WITH ALL PROGRAMS AND EVENTS. FORM 990, PART VI, SECTION A, LINE 1 THE CHAIRPERSON, CHAIRPERSON-ELECT, SECRETARY, TREASURER, AND THE IMMEDIATE PAST-CHAIRPERSON, AND ANY DIRECTORS SO DESIGNATED BY THE CHAIRPERSON SHALL CONSTITUTE THE EXECUTIVE COMMITTEE. THE PRESIDENT AND THE CHAIRPERSON OF THE REAL ESTATE COUNCIL FOUNDATION SHALL BE NON-VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY HOLD MEETINGS AT SUCH TIME AND PLACE AS THE CHAIRPERSON OR A MAJORITY OF THE VOTING MEMBERS OF THE EXECUTIVE COMMITTEE SHALL DETERMINE. THE CHAIRPERSON SHALL PRESIDE AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE. IN HIS OR HER ABSENSE, THE CHAIRPERSON-ELECT SHALL PRESIDE AT SUCH MEETINGS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE POWERS GRANTED TO THE BOARD OF DIRECTORS OF A TEXAS NON-PROFIT CORPORATION. FOR THE AVOIDANCE OF DOUBT, ANY POWERS TO ACT GRANTED TO THE BOARD UNDER THE TEXAS BUSINESS ORGANIZATIONS CODE (TBOC) AND OTHER APPLICABLE LAW SHALL BE VESTED IN THE EXECUTIVE COMMITTEE UNLESS THE EXECUTIVE COMMITTEE EXPRESSLY DELEGATES SUCH POWERS TO THE BOARD PURSUANT TO A RESOLUTION ADOPTED BY A MAJORITY OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS GERALD W. DUNN AND JAMES DUNN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A THOROUGH REVIEW IS PERFORMED BY THE CFO. AFTER ALL EDITS HAVE BEEN INCORPORATED IN THE RETURN, THE FINAL COPY IS PROVIDED TO THE CEO FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE PURPOSE OF THE CONFLICT OF INTEREST POLICY (THE "POLICY") IS TO PROTECT THE INTERESTS OF THE CORPORATION, WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR OR COMMITTEE MEMBER OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT, BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WHO ARE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS, AS THE CASE MAY BE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. ANY INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION OR RELEVANT COMMITTEE CAN OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, THE DISINTERESTED DIRECTORS OR COMMITTEE MEMBERS SHALL MAKE THE DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR LINDA MCMAHON, CEO, IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE. HER COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF LINDA'S COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, GOVERNING DOCUMENTS, AND FORM 990 ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST - EITHER IN ELECTRONIC FORMAT OR A PRINTED VERSION. THE REAL ESTATE COUNCIL FOUNDATION 3100 MCKINNON STREET ST 1150 DALLAS TX 75201 752510813 COMMUNITY OUTREACH TX 501(C)(3) LINE 7 TREC 1 TREC COMMUNITY INVESTORS 3100 MCKINNON STREET ST 1150 DALLAS TX 75201 800718545 ECONOMIC DEVELOPMENT TX 501(C)(3) LINE 7 TREC 1 THE REAL ESTATE COUNCIL POLITICAL ACTION COMMITTEE 3100 MCKINNON STREET ST 1150 DALLAS TX 75201 043590401 CAMPAIGN SUPPORT TX 527 N/A TREC 1 TREC SPECIAL EVENTS INC 3100 MCKINNON STREET ST 1150 DALLAS TX 75201 464671936 SPECIAL EVENT TX 501(C)(3) LINE 12A, I TREC FNDTN 1 0 0 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 TREC SPECIAL EVENTS INC D 157633 FMV THE REAL ESTATE COUNCIL FOUNDATION Q 188498 FMV TREC SPECIAL EVENTS INC Q 266397 FMV TREC COMMUNITY INVESTORS Q 199968 FMV