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← TEXAS REALTORS DISASTER RELIEF FUND

Form 990 for tax year 2023

Filed by TEXAS REALTORS DISASTER RELIEF FUND.

Totals

Total revenue
$23,876
Total expenses
$4,136
Contributions and grants received
$10,500
Grants paid
$0
Program service revenue
$0
Investment income
$13,376
Other revenue
$0
Total assets, end of year
$320,852
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$320,852
Program services expenses (Part IX)
$0
Management and general expenses
$4,136
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.

  • 1f · All other contributions, gifts and grants

    $10,500

  • 3 · Investment income

    total $13,376 · excluded $13,376

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 24a · Other expenses: BANK FEES

    total $1,636 · management and general $1,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $301,112 · end of year $320,852

  • 27 · Net assets without donor restrictions

    beginning of year $301,112 · end of year $320,852

Mission and programs · 2023

Mission

THE TEXAS REALTORS DISASTER RELIEF FUND PROVIDES FINANCIAL ASSISTANCE TO MEMBERS OF THE ASSOCIATION, TEXAS REALTORS, AFFECTED BY NATURAL DISASTERS OR HARDSHIPS.

Activities or mission (Part I)

THE TEXAS REALTORS DISASTER RELIEF FUND PROVIDES CHARITABLE SUPPORT TO MEMBERS OF THE ASSOCIATION, TEXAS REALTORS, AFFECTED BY NATURAL DISASTERS AND ALSO RECEIVES FUNDS TO PROVIDE SUCH SUPPORT.

  • THE TEXAS REALTORS DISASTER RELIEF FUND REQUIRES THAT ANY RECIPIENT HAS SUSTAINED DAMAGE TO THEIR PRIMARY RESIDENCE DUE TO NATURAL DISASTERS. THE RESIDENCES MUST BE LOCATED WITHIN 1) THE JURISDICTION OF A PARTICIPATING LOCAL ASSOCIATION AND 2) A COUNTY DECLARED A DISASTER BY THE GOVERNOR AS A RESULT OF A NATURAL DISASTER EVENT THAT BEGINS ON A CERTAIN DATE. (ALTERNATIVE TO DAMAGE TO PRIMARY RESIDENCE, THEY CAN APPLY FOR FINANCIAL ASSISTANCE IF THEIR PRIMARY RESIDENCE IS UNINHABITABLE DUE TO NATURAL DISASTERS, AND THEY INCUR LODGING EXPENSES, AND MUST SUBMIT LODGING RECEIPTS.) APPLICANTS MUST SUBMIT AN APPLICATION AND SUPPORTING DOCUMENTATION DETAILING DAMAGE SUFFERED TO THEIR RESIDENCE. ALL APPLICATIONS WILL BE INITIALLY REVIEWED BY TEXAS REALTORS STAFF WITH GRANT DECISIONS MADE BY LEADERSHIP OF THE FUND'S GOVERNING BOARD (INCLUDING THE FOLLOWING MEMBERS OF THE TEXAS REALTORS LEADERSHIP TEAM: THE CHAIRMAN, CHAIRMAN-ELECT, SECRETARY/TREASURER, IMMEDIATE PAST CHAIRMAN, AND PRESIDENT/CEO).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TRAVIS KESSLER

    PRESIDENT/CHIEF EXECUTIVE

    Total calculated
    $914,776
    From this org
    $0
    From related orgs
    $869,595
    Other
    $45,181
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $669,582 related
    Bonus
    $0 + $200,013 related
    Other
    $0
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $15,481 related
    Filer's total
    $0 + $914,776 related

  • MARCUS PHIPPS

    CHAIRMAN OF THE BOARD

    Total calculated
    $7,487
    From this org
    $0
    From related orgs
    $7,487
    Other
    $0
    Hours/week
    2 + 2 related

  • JEF CONN

    CHAIRMAN ELECT

    Total calculated
    $2,079
    From this org
    $0
    From related orgs
    $2,079
    Other
    $0
    Hours/week
    2 + 2 related

  • CHRISTY GESSLER

    SECRETARY/TREASURER

    Total calculated
    $3,867
    From this org
    $0
    From related orgs
    $3,867
    Other
    $0
    Hours/week
    2 + 2 related

  • RUSSELL BERRY

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $835
    From this org
    $0
    From related orgs
    $835
    Other
    $0
    Hours/week
    2 + 2 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349320840

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