Nonprofit · EIN 75-2342376
REAL ESTATE COUNCIL INC
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,673,274 | $1,733,710 | -$60,436 | $1,332,679 | $612,283 | $720,396 |
| December 31, 2023 | 990 | $1,702,464 | $1,730,396 | -$27,932 | $1,346,957 | $566,125 | $780,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100
- Program service revenue
- $1,621,525
- Investment income
- $51,649
- Net gain from sales of assets
- -$1,247
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $158,904
- Other salaries and wages
- $629,108
- Salaries, compensation and benefits (total)
- $909,852
- Professional fundraising fees
- $0
- Legal fees
- $250
- Accounting fees
- $17,190
- Travel
- $8,258
- Depreciation
- $36,940
Balance sheet and other
- Total assets, start of year
- $1,346,957
- Total assets, end of year
- $1,332,679
- Total liabilities, end of year
- $612,283
- Net assets, end of year
- $720,396
- Land, buildings and equipment
- $100,416
- Net assets without donor restrictions
- $720,396
- Gross receipts
- $1,674,521
- Employees
- 16
- Volunteers
- 444
- Year formed
- 1990
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUMMER LOVELAND | CFO/COO Officer | 12 | $87,834 | $204,948 | $23,342 |
| LINDA MCMAHON | CEO/PRESIDENT (UNTIL 6/30/24) Officer | 8 | $47,517 | $190,068 | $8,470 |
| JENNIFER SCHMIEL | SENIOR DIRECTOR Highest-paid employee | 40 | $174,165 | $0 | $6,111 |
| AMY STOVALL | SENIOR DIRECTOR Highest-paid employee | 17.2 | $43,244 | $57,322 | $25,234 |
| JAMEE JOLLY | CEO/PRESIDENT Officer | 8 | $14,525 | $58,098 | $1,657 |
| MIKE GEISLER | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| KITTY HENRY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| HEIDI BARATH | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| TREY MORSBACH | PAST CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MATT BRYARLY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN ADOLPH | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| ALLISON FRIZZO | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JUSTIN GOERTZ | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| HECTOR SANCHEZ | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| CRAIG WILSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
32 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL TAYLOR | BOARD MEMBER Trustee or director | 0.25 | $0 |
| RICK PERDUE | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIC KRUEGER | BOARD MEMBER Trustee or director | 0.25 | $0 |
| FRANK MIHALOPOULOS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| HOLDEN LUNSFORD | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JAMES RAY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| STAN MULLIKIN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JEFF MATTHEWS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JEFF MONTGOMERY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JOSEPH CAHOON | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KATHY PERMENTER | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KATY SLADE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JOHN BAILEY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MARSHAL HESS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| DARCY BARNES | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JAIME KELLEY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| SCOTT ROHRMAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| STEVE ALDRICH | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KENNAN KOLENDO | BOARD MEMBER Trustee or director | 0.25 | $0 |
| KRIS LOWE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| TORREY LITTLEJOHN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| WILLIAM BROKAW | BOARD MEMBER Trustee or director | 0.25 | $0 |
| MICHAEL BLACKWELL | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TIM DISMOND | BOARD MEMBER (UNTIL 3/25/24) Trustee or director | 0.25 | $0 |
| ROB BENNETT | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JIM REYNOLDS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| LEE SMALL | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ROB BOWLBY | BOARD MEMBER Trustee or director | 0.25 | $0 |
| HUNTER LEE | BOARD MEMBER Trustee or director | 0.25 | $0 |
| JEREMY MCGOWN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| PATRICK TODD | BOARD MEMBER Trustee or director | 0.25 | $0 |
| AARON LOCKE | BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 56 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LINDA MCMAHON | CEO/PRESIDENT Officer | 12 | $144,623 | $337,454 | $16,320 |
| SUMMER LOVELAND | CFO/COO Officer | 12 | $76,265 | $177,954 | $18,989 |
| JENNIFER SCHMIEL | SENIOR DIRECTOR Highest-paid employee | 40 | $180,138 | $0 | $6,230 |
| AMY STOVALL | SENIOR DIRECTOR Highest-paid employee | 13 | $35,114 | $70,229 | $25,776 |
| NEBIAT WODERE | CONTROLLER Highest-paid employee | 18 | $47,269 | $57,773 | $9,930 |
| TREY MORSBACH | CHAIR Trustee or director, Officer | 3 | $0 | $0 | $0 |
| MIKE GEISLER | CHAIR ELECT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT BRYARLY | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JOHN ADOLPH | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KIM BUTLER | PAST CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ALEX JOHN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| ALLISON FRIZZO | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JUSTIN GOERTZ | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| BEN BREWER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| HECTOR SANCHEZ | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| BRIAN HEFLIN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| CHAD COOK | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| CHRIS MCCLUSKEY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| CRAIG WILSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| DANIEL TAYLOR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| RICK PERDUE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| ERIC KRUEGER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| FRANK MIHALOPOULOS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| HOLDEN LUNSFORD | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JAMES RAY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| STAN MULLIKIN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JEFF MATTHEWS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JEFF MONTGOMERY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JOSEPH CAHOON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JOSHUA MILLSAP | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KATHY PERMENTER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KATY SLADE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JOHN BAILEY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| LYNN DOWDLE | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK DRUMM | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MARSHAL HESS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MATT HUDNALL | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MATTYE JONES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| DARCY BARNES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL ALOST | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL OSWALD | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| DOUG JONES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| JAIME KELLEY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| SCOTT ROHRMAN | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE ALDRICH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| STEVE MODORY | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KENNAN KOLENDO | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| KRIS LOWE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| TERRY SYLER | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| TOMMY MANN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| TORREY LITTLEJOHN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| WILL HENDRICKSON | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| WILLIAM BROKAW | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| WILLIAM CAVANAUGH | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL BLACKWELL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TIM DISMOND | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3100 MCKINNON ST STE 1150, DALLAS, TX 75201-1104
- In care of
- % CARLA BRANDT
- Principal officer (990 for 2024)
- JAMEE JOLLY, 3100 MCKINNON STREET 1150, DALLAS, TX 752011104
- Signed the 990
- JAMEE JOLLY, CEO/PRESIDENT
- Phone
- (214) 692-3600
- Website
- WWW.RECOUNCIL.COM
- Return prepared by
- RSM US LLP
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.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2342376
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,332,679
- Income (IRS master file)
- $1,674,521
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,673,274 | $1,733,710 | $1,332,679 | XML |
| 990 | December 2023 | $1,702,464 | $1,730,396 | $1,346,957 | XML |
| 990 | December 2022 | $1,517,711 | $1,578,974 | $1,467,361 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2342376).
Questions about REAL ESTATE COUNCIL INC
- What is the EIN of REAL ESTATE COUNCIL INC?
- The employer identification number (EIN) of REAL ESTATE COUNCIL INC is 75-2342376.
- Is REAL ESTATE COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to REAL ESTATE COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REAL ESTATE COUNCIL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REAL ESTATE COUNCIL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REAL ESTATE COUNCIL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REAL ESTATE COUNCIL INC?
- The 990 for the year ended December 31, 2024 names JAMEE JOLLY.
- Who are the officers and directors of REAL ESTATE COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 47 people; 5 received compensation from the organization, the highest $87,834 (SUMMER LOVELAND, CFO/COO).
- How much revenue does REAL ESTATE COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,673,274, expenses of $1,733,710 and total assets of $1,332,679 at year end.
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