Form 990 for tax year 2023
Filed by REAL ESTATE EXECUTIVE COUNCIL FOUNDATION.
Totals
- Total revenue
- $429,991
- Total expenses
- $527,316
- Contributions and grants received
- $407,491
- Grants paid
- $0
- Program service revenue
- $22,500
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $61,875
- Total liabilities, end of year
- $1,000
- Net assets or fund balances, end of year
- $60,875
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1e · Government grants (contributions)
$407,491
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $22,500
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $240
-
22 · Depreciation, depletion and amortization
total $0
-
24a · Other expenses: TRANSFERS AS FIDUCIARY
total $503,000
-
24b · Other expenses: PROFESSIONAL FEES
total $24,076
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,200 · end of year $21,875
-
4 · Accounts receivable
beginning of year $25,000 · end of year $40,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,000 · end of year $1,000
-
27 · Net assets without donor restrictions
beginning of year $158,200
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
TO IMPROVE BUSINESS CONDITIONS IN THE REAL ESTATE INDUSTRY BY BRINGING FULL PARTICIPATION OF MINORITIES AND MINORITY OWNED COMPANIES.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeffrey BeckhamJEFFREY BECKHAM
TRUSTEE
- Total calculated
- $0
- From this org
- not reported
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kyle D BoldenKYLE D BOLDEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gwendolyn Hatten ButlerGWENDOLYN HATTEN BUTLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gina Baker ChambersGINA BAKER CHAMBERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James H Simmons IIIJAMES H SIMMONS III
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tammy K JonesTAMMY K JONES
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Roland S Merchant JrROLAND S MERCHANT JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Amanda G StrongAMANDA G STRONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chad TredwayCHAD TREDWAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Pamela M WestPAMELA M WEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory M WestonGREGORY M WESTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie L WilliamsSTEPHANIE L WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ken McIntyreKEN 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
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423219349300537
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