The Real Estate Council Of Austin
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Austin, TX
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 74-2589809
Organization Overview
The Real Estate Council Of Austin is located in Austin, TX. The organization was established in 1992. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Real Estate Council Of Austin employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Council Of Austin 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 12/2022, Real Estate Council Of Austin generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 8 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 2015, Real Estate Council Of Austin has awarded 15 individual grants totaling $614,000. 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
REPRESENTS INTERESTS OF REAL ESTATE INDUSTRY IN CENTRAL TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MET WITH ELECTED OFFICALS AND STAFF OF GOVERNMENT ENTITIES TO PROMOTE AND DISCUSS LOCAL LEGISLATION AFFECTING THE COMMERICAL REAL ESTATE INDUSTRY.
SUPPORT/OPPOSE LOCAL GOVERNMENT INTIATIVES.
HELD MONTHLY MEMBERSHIP MEETINGS TO EDUCATE AND UPDATE MEMBERS ON DEVELOPMENTS IN THE LOCAL COMMUNITY. MEETING INCLUDED GUEST SPEAKERS AND HAD AN AVERAGE ATTENDANCE OF 320 MEMBERS.
HELD THREE MAJOR EVENTS: KNOCK OUT NIGHT, GOLF TOURNMANENT, & TOP GOLF CHARITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dianne Bangle CEO | Officer | 40 | $272,819 |
Chris Randazzo Chair | OfficerTrustee | 1 | $0 |
Cooper Drenner Chair-Elect | OfficerTrustee | 1 | $0 |
Aan Coleman Immediate Pa | OfficerTrustee | 10 | $0 |
Rachel Coulter Secretary | OfficerTrustee | 1 | $0 |
Tyler Grooms Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Velvet Events Event Mgmt | 12/30/22 | $267,800 |
Palladium Productions Event Mgmt | 12/30/22 | $169,103 |
Jw Marriot Austin Catering | 12/30/22 | $290,967 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $822,656 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $878,688 |
| Total Program Service Revenue | $841,212 |
| Investment income | $6,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,710,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $293,995 |
| 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. | $314,026 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $337,537 |
| Pension plan accruals and contributions | $7,946 |
| Other employee benefits | $39,138 |
| Payroll taxes | $39,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,748 |
| Fees for services: Accounting | $26,794 |
| Fees for services: Lobbying | $98,377 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,450 |
| Advertising and promotion | $5,115 |
| Office expenses | $81,955 |
| Information technology | $44,611 |
| Royalties | $0 |
| Occupancy | $116,050 |
| Travel | $1,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,152 |
| Interest | $18,780 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,589 |
| Insurance | $18,365 |
| All other expenses | $4,074 |
| Total functional expenses | $1,734,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $803,249 |
| Savings and temporary cash investments | $907,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54 |
| 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 | $139,353 |
| Net Land, buildings, and equipment | $11,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,278,669 |
| Total assets | $3,139,977 |
| Accounts payable and accrued expenses | $32,582 |
| Grants payable | $0 |
| Deferred revenue | $1,669,455 |
| 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 | $638,408 |
| Total liabilities | $2,340,445 |
| Net assets without donor restrictions | $799,532 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,139,977 |
Grants Awarded
Over the last fiscal year, The Real Estate Council Of Austin has awarded $259,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OPPORTUNITY AUSTIN PURPOSE: OPERATIONAL SUPPORT | $20,000 |
THE OTHER ONES FOUNDATION PURPOSE: OPERATIONAL SUPPORT | $10,000 |
RECA ADVANCING DEMOCRACY PAC PURPOSE: OPERATIONAL SUPPORT | $229,000 |