Real Estate Council Inc

Organization Overview

Real Estate Council Inc is located in Dallas, TX. The organization was established in 1991. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Real Estate Council Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Council Inc 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 Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CULTIVATE RELATIONSHIPS IN THE COMMERCIAL REAL ESTATE INDUSTRY TO CATALYZE COMMUNITY INVESTMENT, INFLUENCE POLICY, PROPEL CAREERS AND DEVELOP THE LEADERS OF TOMORROW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TREC FOCUSES ON LEADERSHIP DEVELOPMENT OF THE NEXT GENERATION OF LEADERS AND EDUCATION OF OUR MEMBERS THROUGH EDUCATIONAL PROGRAMMING AS WELL AS NETWORKING OPPORTUNITIES.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Butler
Chair
$0
Trey Morsbach
Chair Elect
$0
Dustin Schultz
Treasurer
$0
Keenan Kolendo
Secretary
$0
Michael B Ablon
Past Chairman
$0
Alex John
Board Member
$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$16,430
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$16,430
Total Program Service Revenue$1,498,487
Investment income $1,609
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,517,711

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