Greater Fort Worth Real Estate Council Inc
- Assets
- $410.3k
- Revenue
- $411.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2006
- Data as of
- 05/2022
- EIN
- 20-2197498
Organization Overview
Greater Fort Worth Real Estate Council Inc, operating under the name Real Estate Council Of Greater Fort Worth, is located in Fort Worth, TX. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Council Of Greater Fort Worth is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2022, Real Estate Council Of Greater Fort Worth generated $411.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $438.1k during the year ending 05/2022. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Real Estate Council Of Greater Fort Worth has awarded 32 individual grants totaling $366,921. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORKING AND EDUCATIONAL EVENTS REACHING OVER 600 PEOPLE ANNUALLY WITH INFORMATION ABOUT THE FUTURE OF THE INDUSTRY, NETWORKING OPPORTUNITIES, AND CHANCES FOR MEMBERS TO HELP EFFECT POSITIVE CHANGE WHILE HONORING THE YEAR'S ACCOMPLISHMENTS.
THE YOUNG LEADERS COUNCIL GATHERS YOUNG COMMERCIAL REAL ESTATE PROFESSIONALS TO INCREASE NETWORKING, PROVIDES MENTORING OPPORTUNITIES FROM SOME OF THE BEST-KNOWN AND MOST EXPERIENCED LEADERS ON THE FOREFRONT OF TARRANT COUNTY REAL ESTATE, PROVIDES EDUCATIONAL OPPORTUNITIES, AND ASSISTS THE REAL ESTATE COUNCIL WITH COMMUNITY OUTREACH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Galbreath Past Chair | OfficerTrustee | 4 | $0 |
James Hill Treasurer | OfficerTrustee | 4 | $0 |
Kenneth Barr Chairman | OfficerTrustee | 4 | $0 |
Carlo Andreani Director | Trustee | 2 | $0 |
Scot Bennett Director | Trustee | 2 | $0 |
Dan Buhman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $368,850 |
| Investment income | $647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,279 |
| Net Income from Gaming Activities | $8,588 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,364 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $150,570 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,240 |
| Advertising and promotion | $0 |
| Office expenses | $3,625 |
| Information technology | $7,934 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,977 |
| All other expenses | $4,336 |
| Total functional expenses | $438,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,004 |
| Savings and temporary cash investments | $252,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $410,331 |
| Accounts payable and accrued expenses | $46,282 |
| Grants payable | $0 |
| Deferred revenue | $24,641 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $70,923 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $339,408 |
| Total liabilities and net assets/fund balances | $410,331 |
Grants Awarded
Over the last fiscal year, Greater Fort Worth Real Estate Council Inc has awarded $47,349 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY METRO PURPOSE: OPERATIONAL SUPPORT | $30,000 |
TARRANT TRANSIT ALLIANCE PURPOSE: OPERATIONAL SUPPORT | $10,000 |
READ FORT WORTH PURPOSE: OPERATIONAL SUPPORT | $7,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |