The Real Estate Council Foundation
- Assets
- $0.0
- Revenue
- $482.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Dallas, TX
- Founding
- 07/1994
- Data as of
- 12/2020
- EIN
- 75-2510813
Organization Overview
The Real Estate Council Foundation is located in Dallas, TX. The organization was established in 1994. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. Real Estate Council Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Real Estate Council Foundation generated $482.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $580.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Real Estate Council Foundation has awarded 53 individual grants totaling $3,185,382. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
IGNITES POSITIVE COMMUNITY CHANGE AND PROVIDES SOLUTIONS TO SUPPORT LOCAL COMMUNITIES BY UTILIZING THE PROFESSIONAL SKILLS OF ITS PARENT ORGANIZATION'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REAL ESTATE COUNCIL FOUNDATION INVESTS THE FUNDS OF OUR FINANCIAL PARTNERS AND 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 LEVERAGED THE TECHNICAL EXPERTISE OF THE REAL ESTATE COUNCIL'S MEMBERSHIP TO PROVIDE PRO BONO PROFESSIONAL SERVICES VALUED AT $414,594 IN 2020 TO HELP NON-PROFITS IN THE NORTH TEXAS REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Pierson Sr Director | 20 | $65,029 | |
Linda Mcmahon Ceo/president | Officer | 4 | $29,359 |
Carla Brandt CFO | Officer | 10 | $11,526 |
Brian Heflin Treasurer | OfficerTrustee | 1 | $0 |
Michael B Ablon Chairman | OfficerTrustee | 1 | $0 |
Tommy Mann Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $57,773 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,033 |
| Noncash contributions included in lines 1a–1f | $45,513 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,806 |
| Total Program Service Revenue | $0 |
| Investment income | $15,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $271,068 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $482,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,191 |
| 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. | $43,777 |
| Compensation of current officers, directors, key employees. | $2,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,016 |
| Pension plan accruals and contributions | $5,149 |
| Other employee benefits | $9,556 |
| Payroll taxes | $16,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,256 |
| Advertising and promotion | $18,220 |
| Office expenses | $9,424 |
| Information technology | $26,251 |
| Royalties | $0 |
| Occupancy | $45,040 |
| Travel | $250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,677 |
| Insurance | $6,758 |
| All other expenses | $644 |
| Total functional expenses | $580,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, The Real Estate Council Foundation has awarded $30,191 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SCHOLARSHIP MONEY TO UNDERPRIVILEDGED KIDS | $25,000 |
Dallas, TX PURPOSE: RENOVATION OF FOREST THEATER FACADE | $5,191 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Real Estate Council Foundation has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Moglia Family Foundation Bellevue, NE PURPOSE: GENERAL PURPOSE | $10,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Society Of St Vincent De Paul Diocesan Council Of Austin Austin, TX | $5,825,991 | $7,002,465 |
Greater Houston Blders Assoc Affil W/Natl Assoc Of Home Builders Houston, TX | $5,077,041 | $2,919,418 |
Dallas Builders Association Plano, TX | $1,796,887 | $2,223,405 |
New Mexico Association Of Realtors Santa Fe, NM | $9,229,177 | $2,572,562 |
The Real Estate Council Of Austin Austin, TX | $2,105,322 | $1,470,657 |
Senior Living Association Of Texas Austin, TX | $808,541 | $1,142,119 |
Real Estate Council Of San Antonio San Antonio, TX | $1,176,928 | $756,257 |
Highland Lakes Association Of Realtors Marble Falls, TX | $1,928,045 | $878,133 |
Greater El Paso Association Of Realtors El Paso, TX | $3,726,165 | $962,287 |
Oklahoma State Home Builders Association Oklahoma City, OK | $1,812,093 | $666,363 |
Home Builders Association Of Central New Mexico Albuquerque, NM | $874,304 | $721,952 |
National Association Of Real Estate Boards Fort Smith Board Of Realtor Fort Smith, AR | $1,802,184 | $815,571 |