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Nonprofiteer
← REAL ESTATE EXECUTIVE COUNCIL FOUNDATION

Form 990 for tax year 2022

Filed by REAL ESTATE EXECUTIVE COUNCIL FOUNDATION.

Totals

Total revenue
$612,500
Total expenses
$564,300
Contributions and grants received
$567,500
Grants paid
$0
Program service revenue
$45,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$159,200
Total liabilities, end of year
$1,000
Net assets or fund balances, end of year
$158,200
Program services expenses (Part IX)
$555,000
Management and general expenses
$9,300
Fundraising expenses
$0
Program service expenses (Part III)
$555,000

Program services were 98.4% 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.

  • 1e · Government grants (contributions)

    $567,500

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $45,000 · related or exempt $45,000

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $82 · management and general $82

  • 24a · Other expenses: TRANSFERS AS FIDUCIARY

    total $455,000 · program services $455,000

  • 24b · Other expenses: GRANTS RELATED PARTY

    total $100,000 · program services $100,000

  • 24c · Other expenses: PROFESSIONAL FEES

    total $9,218 · management and general $9,218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,000 · end of year $134,200

  • 4 · Accounts receivable

    end of year $25,000

  • 17 · Accounts payable and accrued expenses

    end of year $1,000

  • 27 · Net assets without donor restrictions

    beginning of year $110,000 · end of year $158,200

Mission and programs · 2022

Mission

TO IMPROVE BUSINESS CONDITIONS IN THE REAL ESTATE INDUSTRY BY BRINGING FULL PARTICIPATION OF MINORITIES AND MINORITY OWNED COMPANIES. THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE DIVERSE TALENT INTO AND THROUGH CAREERS IN COMMERCIAL REAL ESTATE THROUGH EDUCATION, ADVOCACY, NETWORKING, MENTORSHIP, AND SUPPORT IN THE FORM OF SCHLARSHIPS, FELLOWSHIPS OR OTHER FORMS OF TUITION ASSISTANCE.

Activities or mission (Part I)

TO IMPROVE BUSINESS CONDITIONS IN THE REAL ESTATEINDUSTRY BY BRINGING FULL PARTICIPATION OF MINORITIES ANDMINORITY OWNED COMPANIES. THE PURPOSE OF THE ORGANIZAITON IS TO PROMOTE DIVERSE TALENT INTO AND THROUGH CAREERS IN COMMERCIAL REAL ESTATE THROUGH EDUCATION, ADVOCACY, NETWORKING,MENTORSHIP, AND SUPPORT IN THE FORM OF SCHOLARSHIPS, FELLOWSHIPS, OR OTHER FORMS OF TUITION ASSISTANCE.

  • TO IMPROVE BUSINESS CONDITIONS IN THE REAL ESTATE INDUSTRY BY BRINGING FULL PARTICIPATION OF MINORITIES AND MINORITY OWNED COMPANIES.

    Expenses $555,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Beckham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kyle D Bolden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn Hatten Butler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gina Baker Chambers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James H Simmons III

    BOARD VICE C

    Total calculated
    $0
    Hours/week
    2

  • Tammy K Jones

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Roland S Merchant Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Amanda G Strong

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chad Tredway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela M West

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory M Weston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephanie L Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ken McIntyre

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20 + 30 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333179349305403

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