2019-10-18T17:05:48-05:00 2018-12-31 GRANT THORNTON LLP 100 EAST WISCONSIN AVENUE STE 2100 MILWAUKEE WI 53202 990 2018-01-01 464671936 TREC SPECIAL EVENTS INC % CARLA BRANDT TREC 2146923603 3100 MCKINNON STREET Suite 1150 DALLAS TX 75201 LINDA MCMAHON CEO/President 2146923603 2019-10-16 true Michelle Weber P00556798 4142898200 209.220.136.124 48105820192915000002 2019-10-18 P D8144EF21AC2D52864937695A2503175270E7152 03CBAE45BD8E2F188EB28F31E827C7F4869431D2 2018 2019-02-21 02:37:17Z LINDA MCMAHON 3100 MCKINNON STREET SUITE 1150 DALLAS TX 75201 2217911 false X WWW.RECOUNCIL.COM X 2014 TX TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT THE REAL ESTATE COUNCIL FOUNDATION. 3 3 1 74 0 0 1068816 1159064 0 0 0 0 106564 -132462 1175380 1026602 847284 646266 0 0 164710 250173 0 0 349994 152439 131015 1164433 1027454 10947 -852 138357 31957 130273 24725 8084 7232 TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT THE REAL ESTATE COUNCIL FOUNDATION. FOR NEIGHBORHOOD REDEVELOPMENT, JOB CREATION, OTHER ECONOMIC OPPORTUNITIES, AND AFFORDABLE HOUSING. false false 646266 646266 0 Organize, promote and sponsor charitable events in which the proceeds will support the Real Estate Council Foundation to invest funds in nonprofit organizations in North Texas. The funding from the events will also support staff as they project manage projects for those initiatives. Those initiatives include investment in education, housing, job creation, the environment and neighborhood revitalization. 646266 true true false false false false false false false false false false false false true true true false false false false false false false true true false true false true false false false false false false false false true false false false false true false false false true 22 0 true 1 true false false false false false true true false false false false false false X 3 3 false false false false false false false true true false false false true true true true true false false false X CARLA BRANDT 2146923603 3100 MCKINNON STREET SUITE 1150 Dallas TX 75201 Ran Holman Chairman 3.5 5.5 X X 0 0 0 Paul N Geyer Director / Giving Gala Chair 2.5 2.5 X 0 0 0 Christopher M Hipps Director / Fight Night Chair 2.25 2.5 X 0 0 0 Linda McMahon President / CEO 2.0 38.0 X 0 330000 22033 Carla Brandt CFO 7.0 33.0 X 0 130000 10223 0 460000 32256 0 false true false 0 1159064 0 32025 1159064 0 0 0 0 0 0 0 0 935397 1159064 1191309 -255912 -255912 123450 0 123450 123450 0 0 0 0 1026602 -132462 646266 646266 0 0 0 0 0 211637 10582 201055 3783 189 3594 18578 929 17649 16175 808 15367 0 0 9401 9401 0 0 0 16231 811 15420 0 7830 7830 20629 1031 19598 0 45596 2280 43316 539 27 512 0 0 0 0 0 154 8 146 PROGRAM & EVENT EXPENSES 25458 0 0 25458 DUES/FEES 5177 0 5128 49 1027454 646266 31194 349994 102307 2692 0 0 0 0 14725 15750 0 0 0 0 0 0 0 0 21325 13515 0 0 0 0 0 0 0 0 0 0 0 0 138357 31957 122 2725 0 0 18500 19000 0 0 0 0 0 0 0 0 0 0 111651 3000 130273 24725 X 8084 7232 0 0 0 0 8084 7232 138357 31957 -852 X false true X true false X X 1 THE REAL ESTATE COUNCIL FOUNDATION 752510813 7 true 646266 0 1 646266 0 0 0 1345389 1068816 1159064 3573269 0 0 0 0 1345389 1068816 1159064 3573269 0 3573269 0 0 0 0 568297 1071714 1058847 2698858 6272127 X 0.00000 true false false false false false false false false false false false false false false true false 0 DUE TO RELATED PARTIES 3000 3000 X 2520742 302831 1191309 1494140 1026602 1026602 2521594 302831 1191309 1494140 1027454 1027454 UNCERTAIN TAX POSITION (ASC 740) SCHEDULE D, PART X, LINE 2 THE CODIFICATION HAS ISSUED GUIDANCE IN ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES WHICH REQUIRES THAT TREC SE RECOGNIZE IN ITS FINANCIAL STATEMENTS THE FINANCIAL EFFECTS OF A TAX POSITION, IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS OF THE TAX POSITION. THE REQUIREMENTS ALSO PROVIDE GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. TAX POSITIONS TAKEN RELATED TO TREC SES TAX EXEMPT STATUS, UNRELATED BUSINESS ACTIVITIES TAXABLE INCOME AND DEDUCTIBILITY OF EXPENSES AND OTHER MISCELLANEOUS TAX POSITIONS HAVE BEEN REVIEWED, AND MANAGEMENT IS OF THE OPINION THAT MATERIAL POSITIONS TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED BY EXAMINATION. ACCORDINGLY, TREC SE HAS NOT RECORDED AN INCOME TAX LIABILITY FOR UNCERTAIN TAX BENEFITS. FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. RECONCILIATION OF REVENUE PER AFS SCHEDULE D, PART XI, LINE 2D FUNDRAISING EXPENSES RECLASSED TO REVENUE $1,191,309 RECONCILIATION OF EXPENSES PER AFS SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES RECLASSED TO REVENUE $1,191,309 FightNight 1354510 787310 567200 3628 258019 415353 100150 Giving Gala 619600 309550 310050 88 138067 143402 77862 3 120351 62204 58147 5863 17575 22101 9201 2094461 1159064 935397 9579 413661 580856 187213 1191309 -255912 false false 123450 false 123450 123450 TX false There is no filing/licensing requirement for raffle operators in the state of Texas. false true false 0.00000 1.00000 Carla BRandt 3100 Mckinnon Street Ste 1150 Dallas TX 75201 false Mychal Peterson 2600 Oversee processes of the gaming event X false true The Real Estate Council Foundation 3100 McKinnon Street Suite 1150 Dallas TX 75201 752510813 501(c)(3) 646266 0 GENERAL SUPPORT 1 MONITRING USE OF GRANTS SCHEDULE I, PART I, LINE 2 Our grants are made exclusively in support of TREC Foundation, our supported organization. Much of the Board of TREC Special Events is comprised of Board Members from the supported organization, ensuring that the grant monies to TREC Foundation are utilized for their intended purpose. false false false false false false false false false Linda McMahon President / CEO 0 250000 0 80000 0 0 0 9900 0 12133 0 352033 0 0 CONTINGENT COMPENSATION SCHEDULE J, PART I, QUESTIONS 6A & 6B LINDA MCMAHON, CEO/PRESIDENT, RECEIVES A BONUS CONTINGENT ON THE OVERALL PERFORMANCE OF THE REAL ESTATE COUNCIL FOUNDATION, THE REAL ESTATE COUNCIL, THE REAL ESTATE COUNCIL COMMUNITY FUND AND TREC SPECIAL EVENTS, INC. X donated auction items 87 32025 FMV false false false VOLUNTEERS FORM 990, PART I, QUESTION 6 TREC SPECIAL EVENTS, INC. (TREC SE) UTILIZES VOLUNTEERS TO SERVE ON THE BOARD OF DIRECTORS; OVERSEE COMMITTEES; AND TO ASSIST WITH ALL OPERATIONS. VOLUNTEERS ASSIST WITH ALL PROGRAMS AND EVENTS. FORM 990 REVIEW FORM 990, PART VI, 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. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C TREC SE FOLLOWS A CONFLICT OF INTEREST POLICY. 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. THE 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. AN 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 ARRANGEMENT 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. EXECUTIVE COMPENSATION FORM 990, PART VI, LINES 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. GOVERNING DOCUMENTS FORM 990, PART VI, 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 Inc 3100 McKinnon Street Ste 1150 Dallas TX 75201 752342376 R E Support TX 501(C)(6) N/A NA false The Real Estate Council Foundation 3100 McKinnon Street Ste 1150 Dallas TX 75201 752510813 Comm outreach TX 501(c)(3) 07 TREC false The Real Estate Council Community Fund 3100 McKinnon Steet Ste 1150 Dallas TX 75201 800718545 Econ develop TX 501(c)(3) 07 TREC false The Real Estate Council Political Action 3100 McKinnon Street Ste 1150 Dallas TX 75201 043590401 Campaign supp TX 527 N/A TREC false false true false false false false false false false false true false false true true true false true true