Totals
- Total revenue
- $1,702,464
- Total expenses
- $1,730,396
- Contributions and grants received
- $463
- Grants paid
- $0
- Program service revenue
- $1,661,247
- Investment income
- $39,754
- Other revenue
- $1,000
- Total assets, end of year
- $1,346,957
- Total liabilities, end of year
- $566,125
- Net assets or fund balances, end of year
- $780,832
- 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.
-
1f · All other contributions, gifts and grants
$463
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,177,900 · related or exempt $1,177,900
-
2b · Program service revenue: PROFESSIONAL DEVELOPME
total $477,113 · related or exempt $477,113
-
2c · Program service revenue: MANAGEMENT FEES
total $6,234 · related or exempt $6,234
-
3 · Investment income
total $41,888 · excluded $41,888
-
7b · Less cost or other basis and sales expenses
other assets $2,134
-
7c · Gain or loss
other assets -$2,134
-
7d · Net gain or loss
total -$2,134 · excluded -$2,134
-
11a · Other revenue: AD SPONORSHIPS
total $1,000 · unrelated business $1,000
-
11e · Other revenue, total
$1,000
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $231,481
-
7 · Other salaries and wages
total $568,806
-
8 · Pension plan contributions
total $11,365
-
9 · Other employee benefits
total $34,371
-
10 · Payroll taxes
total $56,033
-
11a · Fees: management
total $265,786
-
11c · Fees: accounting
total $15,903
-
11d · Fees: lobbying
total $60,000
-
11g · Fees: other
total $88,000
-
12 · Advertising and promotion
total $8,358
-
13 · Office expenses
total $10,456
-
14 · Information technology
total $1,465
-
17 · Travel
total $7,330
-
19 · Conferences, conventions and meetings
total $317,375
-
22 · Depreciation, depletion and amortization
total $38,667
-
24a · Other expenses: STRATEGIC INITIATIVES
total $15,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $299,919 · end of year $100,344
-
2 · Savings and temporary cash investments
beginning of year $896,315 · end of year $1,089,603
-
4 · Accounts receivable
beginning of year $369 · end of year $398
-
9 · Prepaid expenses and deferred charges
beginning of year $32,235 · end of year $14,964
-
10a · Land, buildings and equipment: cost or other basis
$396,630
-
10b · Land, buildings and equipment: accumulated depreciation
$258,028
-
10c · Land, buildings and equipment, net
beginning of year $179,403 · end of year $138,602
-
15 · Other assets
beginning of year $59,120 · end of year $3,046
-
17 · Accounts payable and accrued expenses
beginning of year $118,985 · end of year $50,003
-
19 · Deferred revenue
beginning of year $290,025 · end of year $485,540
-
25 · Other liabilities
beginning of year $249,586 · end of year $30,582
-
27 · Net assets without donor restrictions
beginning of year $808,765 · end of year $780,832
Mission and programs · 2023
Mission
TREC'S MISSION IS TO CULTIVATE RELATIONSHIPS IN THE COMMERCIAL REAL ESTATE INDUSTRY TO CATALYZE COMMUNITY INVESTMENT, INFLUENCE POLICY, PROPEL CAREERS AND DEVELOP THE LEADERS OF TOMORROW.WE BELIEVE RELATIONSHIPS ARE THE LIFEBLOOD OF CAREER SUCCESS, CIVIC RESPONSIBILITY AND COMMUNITY INVESTMENT.
Activities or mission (Part I)
CULTIVATE RELATIONSHIPS IN THE COMMERCIAL REAL ESTATE INDUSTRY TO CATALYZE COMMUNITY INVESTMENT, INFLUENCE POLICY, PROPEL CAREERS AND DEVELOP THE LEADERS OF TOMORROW.
-
TREC FOCUSES ON LEADERSHIP DEVELOPMENT OF THE NEXT GENERATION OF LEADERS AND EDUCATION OF OUR MEMBERS THROUGH EDUCATIONAL PROGRAMMING AS WELL AS NETWORKING OPPORTUNITIES.
-
TREC ADVOCATES FOR PUBLIC POLICIES WHICH PROMOTE LONG-TERM ECONOMIC GROWTH AND VITALITY AS WELL AS QUALITY OF LIFE ACROSS THE REGION. WE ENGAGE IN POLICY ISSUES WHICH IMPACT THE COMMERCIAL REAL ESTATE INDUSTRY AND THE PUBLIC GOOD IN A SIGNIFICANT WAY TO BUILD THE CITY WE'VE IMAGINED.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Trey MorsbachTREY MORSBACH
CHAIR
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Mike GeislerMIKE GEISLER
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matt BryarlyMATT BRYARLY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
John AdolphJOHN ADOLPH
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim ButlerKIM BUTLER
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Alex JohnALEX JOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Allison FrizzoALLISON FRIZZO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Justin GoertzJUSTIN GOERTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Ben BrewerBEN BREWER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Hector SanchezHECTOR SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Brian HeflinBRIAN HEFLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Chad CookCHAD COOK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Chris McCluskeyCHRIS MCCLUSKEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Craig WilsonCRAIG WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Daniel TaylorDANIEL TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Rick PerdueRICK PERDUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Eric KruegerERIC KRUEGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Frank MihalopoulosFRANK MIHALOPOULOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Holden LunsfordHOLDEN LUNSFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
James RayJAMES RAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Stan MullikinSTAN MULLIKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Jeff MatthewsJEFF MATTHEWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Jeff MontgomeryJEFF MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Joseph CahoonJOSEPH CAHOON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Joshua MillsapJOSHUA MILLSAP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Kathy PermenterKATHY PERMENTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Katy SladeKATY SLADE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
John BaileyJOHN BAILEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Lynn DowdleLYNN DOWDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Mark DrummMARK DRUMM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Marshal HessMARSHAL HESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Matt HudnallMATT HUDNALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Mattye JonesMATTYE JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1 related
-
Darcy BarnesDARCY BARNES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael AlostMICHAEL ALOST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael OswaldMICHAEL OSWALD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Doug JonesDOUG JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Jaime KelleyJAIME KELLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Scott RohrmanSCOTT ROHRMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Steve AldrichSTEVE ALDRICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Steve ModorySTEVE MODORY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Kennan KolendoKENNAN KOLENDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Kris LoweKRIS LOWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Terry SylerTERRY SYLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Tommy MannTOMMY MANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Torrey LittlejohnTORREY LITTLEJOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Will HendricksonWILL HENDRICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
William BrokawWILLIAM BROKAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
William CavanaughWILLIAM CAVANAUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael BlackwellMICHAEL BLACKWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Tim DismondTIM DISMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25
-
Linda McMahonLINDA MCMAHON
CEO/PRESIDENT
- Total calculated
- $498,397
- From this org
- $144,623
- From related orgs
- $337,454
- Other
- $16,320
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $112,792 + $263,181 related
- Bonus
- $31,647 + $73,843 related
- Other
- $184 + $430 related
- Deferred
- $4,380 + $10,219 related
- Nontaxable benefits
- $516 + $1,205 related
- Filer's total
- $149,519 + $348,878 related
-
Summer LovelandSUMMER LOVELAND
CFO/COO
- Total calculated
- $273,208
- From this org
- $76,265
- From related orgs
- $177,954
- Other
- $18,989
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $60,474 + $141,107 related
- Bonus
- $15,750 + $36,750 related
- Other
- $41 + $97 related
- Deferred
- $2,054 + $4,794 related
- Nontaxable benefits
- $3,642 + $8,499 related
- Filer's total
- $81,961 + $191,247 related
-
Amy StovallAMY STOVALL
SENIOR DIRECTOR
- Total calculated
- $131,119
- From this org
- $35,114
- From related orgs
- $70,229
- Other
- $25,776
- Hours/week
- 13 + 27 related
-
Jennifer SchmielJENNIFER SCHMIEL
SENIOR DIRECTOR
- Total calculated
- $186,368
- From this org
- $180,138
- From related orgs
- $0
- Other
- $6,230
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,000
- Bonus
- $10,000
- Other
- $138
- Deferred
- $5,104
- Nontaxable benefits
- $1,126
- Filer's total
- $186,368
-
Nebiat WodereNEBIAT WODERE
CONTROLLER
- Total calculated
- $114,972
- From this org
- $47,269
- From related orgs
- $57,773
- Other
- $9,930
- Hours/week
- 18 + 22 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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
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
No itemized grants to organizations 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.
-
501(C)(3) · ECONOMIC DEVELOPMENT · TX
-
THE REAL ESTATE COUNCIL POLITICAL ACTION COMMITTEE
527 · CAMPAIGN SUPPORT · TX
-
501(C)(3) · SPECIAL EVENT · TX · controlled entity
Directly controlled by TREC COMMUNITY INVESTORS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433039349301908
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