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Nonprofiteer
← GREATER FORT WORTH REAL ESTATE COUNCIL INC

Form 990 for tax year 2023

Filed by GREATER FORT WORTH REAL ESTATE COUNCIL INC.

Totals

Total revenue
$559,249
Total expenses
$473,735
Contributions and grants received
$0
Grants paid
$45,000
Program service revenue
$423,415
Investment income
$5,398
Other revenue
$130,436
Total assets, end of year
$458,791
Total liabilities, end of year
$49,990
Net assets or fund balances, end of year
$408,801
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $260,543 · related or exempt $260,543

  • 2b · Program service revenue: FORECAST

    total $104,100 · related or exempt $104,100

  • 2c · Program service revenue: MEETINGS

    total $36,110 · related or exempt $36,110

  • 2d · Program service revenue: YOUNG LEADERS COUNCIL

    total $21,112 · related or exempt $21,112

  • 2e · Program service revenue: PREMIER PARTNERS

    total $1,550 · related or exempt $1,550

  • 3 · Investment income

    total $5,398 · excluded $5,398

  • 8a · Fundraising events: gross income

    $274,505

  • 8b · Fundraising events: direct expenses

    $144,119

  • 8c · Net income from fundraising events

    total $130,386 · excluded $130,386

  • 11a · Other revenue: OTHER REVENUE

    total $50 · related or exempt $50

  • 11e · Other revenue, total

    $50

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,000

  • 5 · Compensation of officers, directors and key employees

    total $220,056

  • 11c · Fees: accounting

    total $3,913

  • 11g · Fees: other

    total $46,200

  • 12 · Advertising and promotion

    total $6,274

  • 13 · Office expenses

    total $5,401

  • 14 · Information technology

    total $6,437

  • 19 · Conferences, conventions and meetings

    total $60,174

  • 23 · Insurance

    total $5,522

  • 24a · Other expenses: FORECAST EXPENSES

    total $27,197

  • 24b · Other expenses: YLC EXPENSES

    total $21,354

  • 24c · Other expenses: CREDIT CARD FEES

    total $13,500

  • 24d · Other expenses: MEMBERSHIP EXPENSES

    total $7,707

  • 24e · All other expenses

    total $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,597 · end of year $196,145

  • 2 · Savings and temporary cash investments

    beginning of year $254,720 · end of year $260,116

  • 15 · Other assets

    beginning of year $227 · end of year $2,530

  • 25 · Other liabilities

    beginning of year $7,257 · end of year $49,990

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $323,287 · end of year $408,801

Mission and programs · 2023

Mission

THE REAL ESTATE COUNCIL OF GREATER FORT WORTH (REC OF GFW) IS THE UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY - INFLUENCING ACTION AND SUPPORTING CHANGE TO ACCOMPLISH LONG-TERM JOB GROWTH AND AN ENHANCED QUALITY OF LIFE IN OUR REGION.

Activities or mission (Part I)

A UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY

  • NETWORKING AND EDUCATIONAL EVENTS REACHING OVER 600 PEOPLE ANNUALLY WITH INFORMATION ABOUT THE FUTURE OF THE INDUSTRY, NETWORKINGOPPORTUNITIES, AND CHANCES FOR MEMBERS TO HELP EFFECT POSITIVE CHANGE WHILE HONORING THIS YEAR'S ACCOMPLISHMENTS.

  • THE YOUNG LEADERS COUNCIL GATHERS YOUNG COMMERCIAL REAL ESTATE PROFESSIONALS TO INCREASE NETWORKING, PROVIDES MENTORING OPPORTUNITIES FROM SOME OF THE BEST-KNOWN AND MOST EXPERIENCED LEADERS ON THE FOREFRONT OF TARRANT COUNTY REAL ESTATE, PROVIDES EDUCATIONALOPPORTUNITIES, AND ASSISTS THE REAL ESTATE COUNCIL WITH COMMUNITY OUTREACH.

  • WE HELD GENERAL MEETINGS, FIRESIDE CHATS, COMMITTEE MEETINGS AND BOARD MEETINGS

As filed on the 2023 return.

Listed in Part VII

  • TRAVIS CLEGG

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    10

  • JOEL HEYDENBURK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RICK JENKINS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CARLO ANDREANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOT BENNETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID G CAMPBELL AIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MEGGIE LOWY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK DABNEY AIA NCARB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN W GEBREN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DREW MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GINGER JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH E LANCARTE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MONICA LUERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN DODSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACHEL NAVEJAR PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF POSTELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN RUSSELL PE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KERBY SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CASEY TOUNGET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF WILLIAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDRE MCEWING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETTH BARR

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STEPHANIE GWIZDZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN VERMAIRE FOX

    EXECUTIVE DIRECTOR

    Total calculated
    $199,206
    From this org
    $199,206
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,320
    Bonus
    $11,886
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $199,206

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

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

  • FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP

    $20,000

    THE FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP IS A PRIVATELY FUNDED NON-PROFIT WHOSE MISSION IS TO DEVELOP ECONOMIC OPPORTUNITIES THROUGH BUSINESS DEVELOPMENT AND ATTRACTION FOR FORT WORTH AND THE SURROUNDING AREAS. THE FWEDP BRINGS TOGETHER BUSINESS AND CIVIC-MINDED LEADERS COMMITTED TO ACCELERATING RESPONSIBLE GROWTH FOR OUR CITY.

  • BUILDING PATHWAYS INC

    $20,000

    THE TARRANT TO & THROUGH PARTNERSHIP AIMS TO ENSURE MORE TARRANT COUNTY STUDENTS HAVE THE TRAINING AND SKILLS THEY NEED TO THRIVE IN TODAY'S WORKFORCE.

Provenance

Return type
form_990
Tax year
2023
Filed
10 April 2025
IRS schema version
2023v6.0
Source object
202521019349300742

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