Skip to content
Nonprofiteer
← TREC SPECIAL EVENTS INC

Form 990 for tax year 2022

Filed by TREC SPECIAL EVENTS INC.

Totals

Total revenue
$1,051,380
Total expenses
$1,059,898
Contributions and grants received
$1,064,050
Grants paid
$571,958
Program service revenue
$0
Investment income
$0
Other revenue
-$12,670
Total assets, end of year
$669,185
Total liabilities, end of year
$669,185
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$571,958
Management and general expenses
$24,396
Fundraising expenses
$463,544
Program service expenses (Part III)
$571,958

Program services were 54.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,064,050

  • 1g · Noncash contributions included above

    $51,254

  • 8a · Fundraising events: gross income

    $767,744

  • 8a · Fundraising events: contributions included on line 1c

    $1,064,050

  • 8b · Fundraising events: direct expenses

    $766,749

  • 8c · Net income from fundraising events

    total $995 · excluded $995

  • 9a · Gaming: gross income

    $97,125

  • 9b · Gaming: direct expenses

    $110,790

  • 9c · Net income from gaming

    total -$13,665 · excluded -$13,665

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $571,958 · program services $571,958

  • 5 · Compensation of officers, directors and key employees

    total $148,258 · management and general $7,413 · fundraising $140,845

  • 7 · Other salaries and wages

    total $119,127 · management and general $5,956 · fundraising $113,171

  • 8 · Pension plan contributions

    total $3,408 · management and general $170 · fundraising $3,238

  • 9 · Other employee benefits

    total $10,095 · management and general $505 · fundraising $9,590

  • 10 · Payroll taxes

    total $16,566 · management and general $828 · fundraising $15,738

  • 11c · Fees: accounting

    total $9,583 · management and general $479 · fundraising $9,104

  • 11g · Fees: other

    total $40,577 · management and general $2,029 · fundraising $38,548

  • 12 · Advertising and promotion

    total $2,962 · management and general $148 · fundraising $2,814

  • 13 · Office expenses

    total $20,099 · management and general $1,005 · fundraising $19,094

  • 14 · Information technology

    total $52,425 · management and general $2,621 · fundraising $49,804

  • 16 · Occupancy

    total $62,419 · management and general $3,121 · fundraising $59,298

  • 17 · Travel

    total $2,208 · management and general $110 · fundraising $2,098

  • 23 · Insurance

    total $213 · management and general $11 · fundraising $202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $444,903 · end of year $649,093

  • 4 · Accounts receivable

    beginning of year $0 · end of year $18,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,388 · end of year $2,092

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,513 · end of year $2,638

  • 19 · Deferred revenue

    beginning of year $0 · end of year $85,000

  • 25 · Other liabilities

    beginning of year $447,778 · end of year $581,547

Mission and programs · 2022

Mission

TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS. FOR NEIGHBORHOOD REDEVELOPMENT, JOB CREATION, OTHER ECONOMIC OPPORTUNITIES, AND AFFORDABLE HOUSING.

Activities or mission (Part I)

TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS.

  • TO ORGANIZE, PROMOTE, AND SPONSOR CHARITABLE EVENTS TO RAISE FUNDS EXCLUSIVELY TO SUPPORT AND BENEFIT TREC COMMUNITY INVESTORS. FOR NEIGHBORHOOD REDEVELOPMENT, JOB CREATION, OTHER ECONOMIC OPPORTUNITIES, AND AFFORDABLE HOUSING.

    Expenses $571,958 · Grants $571,958

As filed on the 2022 return.

Listed in Part VII

  • Kim Butler

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Craig Wilson

    DIRECTOR, FIGHT NIGHT CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Lynn Dowdle

    DIRECTOR, FIGHT NIGHT VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Linda McMahon

    CEO/PRESIDENT

    Total calculated
    $460,058
    From this org
    $88,990
    From related orgs
    $355,958
    Other
    $15,110
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $68,394 + $273,575 related
    Bonus
    $20,550 + $82,200 related
    Other
    $46 + $183 related
    Deferred
    $2,671 + $10,685 related
    Nontaxable benefits
    $351 + $1,403 related
    Filer's total
    $92,012 + $368,046 related

  • Felicia Pierson

    SECRETARY

    Total calculated
    $145,385
    From this org
    $0
    From related orgs
    $134,627
    Other
    $10,758
    Hours/week
    0 + 40 related

  • Summer Loveland

    CHIEF FINANCIAL OFFICER

    Total calculated
    $281,234
    From this org
    $53,019
    From related orgs
    $212,073
    Other
    $16,142
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $38,991 + $155,963 related
    Bonus
    $14,000 + $56,000 related
    Other
    $28 + $110 related
    Deferred
    $1,360 + $5,440 related
    Nontaxable benefits
    $1,868 + $7,474 related
    Filer's total
    $56,247 + $224,987 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION FOR TOP MANAGEMENT OFFICIALS IS APPROVED BY AN INDEPENDENT COMPENSATION COMMITTEE FROM A RELATED ORGANIZATION. COMPENSATION IS COMPARED TO EXECUTIVE COMPENSATION BY REVIEWING COMPARABILITY DATA OF SIMILAR ORGANIZATIONS. THE APPROVAL OF COMPENSATION IS DOCUMENTED IN EMAIL CORRESPONDENCE AMONG THE COMPENSATION COMMITTEE. THE COMPENSATION OF ALL OTHER STAFF, INCLUDING OFFICERS WHO ARE EMPLOYEES, IS REVIEWED BY THE COMPENSATION COMMITTEE BASED ON RECOMMENDATION BY THE CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349310197

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.