2012-11-15T23:11:55-06:00 2011-12-31 ERNST & YOUNG US LLP 41 SOUTH HIGH STREET SUITE 1100 COLUMBUS OH 43215 990 2011-01-01 752510813 The Real Estate Council Foundation % Carla Brandt REAL 2146923603 5430 LBJ FREEWAY DALLAS TX 75240 Linda McMahon 2012-11-15 6142327047 2011 2016-02-24 21:20:13Z Linda McMahon President CEO 5430 LBJ Freeway Suite 100 Dallas TX 75240 1584618 false X www.recouncil.com X 1994 TX TO IMPROVE THE QUALITY OF LIFE IN DALLAS BY UTILIZING THE TALENT AND RESOURCES OF THE REAL ESTATE COUNCIL'S MEMBERS AND OTHER PUBLIC SUPPORT. 22 22 6 315 0 958469 457483 70475 49187 22514 30886 -281926 248943 769532 786499 388641 214245 0 0 272391 309663 0 0 180848 552540 311655 1213572 835563 -444040 -49064 2422635 2186573 552281 365283 1870354 1821290 The Real Estate Council Foundation, commits the professional skills of our members and invests funds of our financial partners together with our own initiatives in four key areas: education, housing, jobs and the environment. false false 202219 214245 49187 The Real Estate Council Foundation leverages the technical expertise of The Real Estate Council's membership to provide pro bono professional services to help nonprofits in the North Texas region. 422354 The Real Estate Council Foundation invests the funds of our financial partners & our own funds to nonprofit organizations in North Texas on initiatives in four key areas: education, housing, jobs and the environment. The Real Estate Council Foundation facilitated the Real Estate 101 and other interested parties to become more familiar with the complexities of real estate. Course work provided community organizations with the technical expertise and skills needed to analyze real estate needs. 624573 true true false false false false false false false true true false false false true true true false false false false false false false true false false true false true false false false false false false false false false false false false true true false false true false true 3 0 true 6 true false false false false false true true false false false false X 22 22 false false false false false false false true true false false true true true true false true false false false X Carla Brandt 2146923600 5430 LBJ Freeway Suite 100 Dallas TX 75240 Kate W Alpert 1.0 X 0 0 0 Susan Ansel 1.0 X 0 0 0 Evan L Beattie 1.0 X 0 0 0 Rob Bennett 1.0 X 0 0 0 Suzanne Brasuell 1.0 X 0 0 0 Kevin Bryant 2.0 X X 0 0 0 Kimberly Byrun 1.0 X 0 0 0 James Curtin 1.0 X 0 0 0 R Scott Dennis 1.0 X 0 0 0 Melissa Eastman 2.0 X X 0 0 0 Sue Fish 1.0 X 0 0 0 Mark D Gibson 8.0 X X 0 0 0 Daniel Harrington 1.0 X 0 0 0 Jay Hull 1.0 X 0 0 0 Eric E Krueger 1.0 X 0 0 0 Michael A Krywucki 1.0 X 0 0 0 Melinda Lawrence 2.0 X X 0 0 0 Holts Lunsford 2.0 X X 0 0 0 Mitch Paradise 1.0 X 0 0 0 Wendel M Pardue 1.0 X 0 0 0 John Reichenbach 2.0 X X 0 0 0 Eric Gilbert 1.0 X 0 0 0 Linda McMahon 20.0 X 0 179692 6709 Kathleen Smith 20.0 X 0 93595 3434 0 273287 10143 0 false true false None 0 392738 64745 457483 ALC TUITION & SPONSORSHIPS 611710 49187 49187 49187 30886 30886 0 0 0 1047062 392738 798119 248943 248943 0 0 0 786499 49187 279829 214245 214245 0 0 0 0 0 266042 172927 13302 79813 6951 4518 348 2085 15984 10390 799 4795 20686 13446 1034 6206 66565 42976 3370 20219 0 5000 3250 250 1500 0 0 0 50000 32500 2500 15000 24374 15843 1219 7312 25734 16727 1287 7720 17764 11546 888 5330 0 60633 39412 3032 18189 726 472 36 218 0 17435 17435 0 0 26373 17142 1319 7912 5086 3306 254 1526 Association Dues 2500 1625 125 750 Printing 4363 2836 218 1309 Continuing Education 1887 1887 Bank/Credit Card fees 3215 2090 161 964 835563 624573 30142 180848 351494 27856 1246344 1478355 0 0 0 0 0 0 0 0 0 0 0 0 28570 12365 151736 91000 82804 60736 713423 607261 0 0 0 0 0 0 0 0 2422635 2186573 43204 20390 391466 338609 83778 0 0 0 0 0 0 0 0 0 0 0 33833 6284 552281 365283 X 1845354 1706360 25000 114930 0 0 1870354 1821290 2422635 2186573 -49064 X false true true X false X 505507 1766855 1141716 958469 457483 4830030 505507 1766855 1141716 958469 457483 4830030 4830030 39645 105341 40063 13717 30886 229652 5059682 1853267 0.95461 0.94630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25000 25000 50000 25000 50000 25000 0 50000 50000 2073695 185000 -521491 185000 1552199 5 1.00000 0.00000 0.00000 false false 19750 8338 11412 131986 82662 49324 60736 0 0 786499 835563 -49064 -49064 1664618 878119 878119 786499 786499 1634515 798952 798952 835563 835563 Part X, FIN 48 (ASC 740) FOOTNOTE The Codification has issued guidance in accounting for uncertainties in income taxes which requires that the Foundation recognize in its consolidated 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 the Foundations 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, the Foundation has not recorded an income tax liability for uncertain tax benefits. For the years ended December 31, 2011 and 2010, there were no interest or penalties recorded or included in the consolidated financial statements. As of December 31, 2011, tax years 2008 through 2010 remain subject to examination by the Internal Revenue Service. Part XII, Line 2d Reconciliation of Revenue direct special event expenses - $798,119 Non-Foundation revenue included in consolidated AFS - $80,000 Total - $878,119 Part XIII, Line 2d Reconciliation of Expenses direct special event expenses - $798,119 non-foundation expenses included in consolidated AFS - $833 Total - $798,952 fightnight 946971 946971 133737 133549 48946 147510 giving gala 459514 392738 66776 28074 90170 62500 136423 1 33315 33315 17210 1439800 392738 1047062 161811 223719 111446 301143 798119 248943 true Big Thought 2501 Oak Lawn Ave Suite 550 LB 4 Dallas TX 75219 752305037 501(c)(3) 15000 Fund an after-school, educational program Boys & Girls Club 4816 Worth Street Dallas TX 75246 751152657 501(c)(3) 60000 Increase capacity for after-school and summer programs Paul Quinn College 3837 simpson Stuart Road Dallas TX 75241 752726296 501(C)(3) 40000 Construct a greenhouse so the existing farm can harvest seeds, ulitmately leading to more abundant production in year round growing seasons East Dallas Community Organization 4210 Junius Street Dallas TX 75246 311513768 501(C)(3) 10000 Revilization plan for the Dolphin Heights Community St Philips School and Community Center 1600 Pennsylvania Avenue Dallas TX 75215 751097360 501(C)(3) 40000 Expand the food pantry space to double the # of families fed Promise House 224 West Page Dallas TX 75208 752180083 501(C)(3) 35544 finish out excess storage space for use as a multifunctional room 6 0 Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants Our grants are awarded based on: 1) Formal grant applications that are submitYed with project budgets and detailed financial backgrounds for each qualified organization; 2) grants applications are reviewed by volunteers and graded based on key mission standards; 3) for approved grants, a formal contract is drafted to provide guidelines of how funds will be disbursed; 4) a technical assistance liaison is assigned to each project and must approve the grant disbursements based on the contract terms (especially for real estate development projects); and finally 5) a formal summary of the project is requested for grant awards that exceed $50k to ensure that the funds were utilized based on the original intent as stated in the grant application. DESCRIPTION OF NON-CASH ASSISTANCE SCHEDULE I, PART II SIGNIFICANT HOURS OF PRO-BONO PROFESSIONAL SERVICES WERE AWARDED TO THESE PROJECTS BY THE MEMBERS OF OUR SISTER ORGANIZATION - THE REAL ESTATE COUNCIL, INC. THE VALUE OF THESE LEVERAGED SERVICES IS SUBSTANTIAL WITH REGARD TO REAL ESTATE DEVELOPMENT; TITLE WORK; LEGAL; ACCOUNTING; ARCHITECTURE; MENTORING; AND CURRICULUM DEVELOPMENT, AMONG OTHER SERVICES. THE PRO-BONO SERVICES WERE PROVIDED TO ALL ORGANIZATIONS NAMED AS GRANT RECIPIENTS, EXCLUDING THE VARIOUS OTHER PROJECTS. false false false false false false false false false Linda McMahon 0 179692 0 0 0 0 0 0 0 6709 0 186401 0 0 Supplemental Information Schedule O Volunteers Form 990, Part I, Question 6 TRECF utilizes volunteers to serve on the Board of Directors; to oversee committees; and to assist with all operations of the foundation. Volunteers assist with projects and programs as well as fundraising activities. In addition to direct service to TRECF, the foundation deploys volunteers to other nonprofit agencies to lend their pro-bono professional expertise to provide oversight and guidance for numerous real estate projects, throughout the city of Dallas, serving low-income neighborhoods and citizens. Describe Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, Question 11B A thorough review is performed by the President as well as the Finance Committee and officers of The Real Estate Council Foundation (TRECF). After all edits have been incorporated in the return, a draft of the final return is made available to all 2010 voting members of TREC for review and final approval. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Question 12c TREC has a formal conflict of interest policy that is provided to each Board member at the beginning of each membership year. A new signature and disclosure is required for every new or returning Board member. All forms and signatures are filed in our office. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts Gen Public Form 990, Part VI, Question 19 The Financial Statements, Conflict of Interest policy and Form 990 are made available for public inspection upon request - either in electronic format or a printed version. TREC Fight Night LLC 5430 LBJ Freeway Suite 100 Dallas TX 75240 272043247 Produce & Man TX 301 298 TRECF The Real Estate Council Inc 5430 LBJ Freeway Suite 100 Dallas TX 75240 752342376 R.E. Support TX 501(c )(6) N/A NA false Real Estate Council Community Leadership 5430 LBJ Freeway Suite 100 Dallas TX 75240 043590401 Campaign Supp TX 527 N/A NA false TREC Community Issues Committee 5430 LBJ Freeway Suite 100 Dallas TX 75240 Campaign Supp TX 527 N/A NA false The Real Estate Council Community Fund 5430 LBJ Freeway Suite 100 Dallas TX 75240 800718545 loan fund TX false false false false false false false false false false false false true true true true true false The Real Estate Council - CDFI q 80000 fmv The Real Estate Council Inc m 108634 fmv The Real Estate Council Inc n 150000 fmv The Real Estate Council Inc o 162313 fmv