2 0 1 8 A N N U A L R E P O R T
Progress
Together Ran Holman, Cushman & Wakefield 2018 TREC CHAIRMAN
AS I REFLECT ON EVERYTHING OUR ORGANIZATION ACCOMPLISHED while I was fortunate enough to serve as its chairman in 2018, I become overwhelmed with pride and gratitude. I’m incredibly lucky to have worked with such a terrific group of board members as well as the 2,200 members and 650 companies united as The Real Estate Council. This past year, we kicked off the Dallas Catalyst Project and commemorated the 30th anniversary of one of TREC’s flagship philanthropic events, FightNight. We launched new educational initiatives like Market Matters and TRECcast, and expanded TREC’s efforts to support aspiring developers and entrepreneurs with the start of TREC Community Fund’s Real Estate 101 Bootcamp and Community-oriented Real Estate (CRE) Accelerator programs. We even took our first steps toward achieving equitable economic development and access to affordable h ousing, v ibrant n eighborhood centers, small business growth, healthy food options, parks, arts and culture for all our neighbors here in Dallas with the start of TREC Community Fund’s work with the JPMorgan Chase PRO Neighborhoods grant initiative. In 2018, we truly laid the groundwork for making an even greater impact on people’s lives, and I cannot thank you all enough for your hard work and steadfast dedication to our city. It was an absolute honor to be your chairman in 2018. I am incredibly excited to see what the future holds for this organization and am confident that my successor, KFM Engineering & Design’s Jim Knight, will lead with the strength, compassion and grace required of us all to build upon our efforts in 2019. As Jim likes to say, many hands make for light work, and we will continue to make progress if we continue to work together for the betterment of the Dallas community. I’ll be right there with you, as I have been throughout my career, beaming with pride and ready to help however I can as we continue to Build the City You’ve Imagined.
Linda McMahon, The Real Estate Council PRESIDENT & CEO
LATE LAST YEAR, THE REAL ESTATE COUNCIL UNVEILED ITS NEW MISSION STATEMENT:
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. As an organization, our work has long reflected these words, but we agreed it was time for us to write them down and reflect on their meaning. Why? Because we’re growing! It’s no secret that the commercial real estate industry here in Dallas has enjoyed extensive growth in the last decade, and that has made our service to our members, their companies and the community more important than ever. In 2018, we began our work in the Forest District as part of the Dallas Catalyst Project, introduced several new educational and policy-related programs, and received funding from JPMorgan Chase’s PRO Neighborhoods grant initiative to explore equitable economic growth and affordable housing options for three of our city’s most vulnerable neighborhoods – all while continuing to bring you the latest market trends and forecasts, insightful and engaging speaker panels and site tours, and first-class networking you’ve come to expect as members of The Real Estate Council. Our mission reminds us that our members are our most precious resource for maximizing the industry’s impact on our city and leaving a legacy that future generations will enjoy. Our mission reminds us that prioritizing our members’ growth and career development will result in a stronger commercial real estate industry with an even greater responsibility to lend its time, talents and fortune to those in need. Our mission reminds us that our relationships to each other are as important as they are to the community, that we are responsible for shepherding the next generation of commercial real estate professionals who may lead our industry and city to unprecedented heights. No matter how our organization evolves in the next year, we will not waver on this mission. It is our north star guiding everything we do. We pledge to continue to invest in you so that you may continue to Build the City You’ve Imagined.
2018 Board Members LEGACY LEADERS Chairman: Greg Kraus, Invesco Real Estate
Robert Feldman, UCLA School of Law
Linda McMahon, The Real Estate Council
Mark Gibson, HFF
Sue Ansel, Gables Residential
Joe Griffith, JPMorgan
Jim Berry, Deloitte.
David Gruber, MetroAmerican Developers, LLC
Diane Butler, Butler Advisers
Holt Lunsford, Holt Lunsford Commercial
Will Cureton, Richman Ascension
Will Mundinger II, WM2 Company, LLC
Development Group, LLC
Paul Rowsey III, JLB Partners
Michael Dardick, Granite Properties
Ken Sandstad, The Sandstad Group, LLC
David Deniger, Hyphen Solutions
Frank Schubert, Expedition Capital Partners
John Scovell, Woodbine Development Corporation Bill Sechrest, Calhoun, Bhella & Sechrest, LLP Jeff Swope, Champion Advisory Partners Ken Townsend, Boulevard Builders Michele Wheeler, Jackson-Shaw Todd Williams, Commit! Karl Zavitkovsky
Tony Dona, Thackeray Partners
BOARD OF ADVISORS Chairman: Ran Holman, Cushman &
Michael Dardick, Granite Properties
Jeff Swope, Champion Advisory Partners
Wakefield
Tony Dona, Thackeray Partners
Immediate Past Chair: Greg Kraus, Invesco
Michele Wheeler, Jackson-Shaw
Mark Gibson, HFF
Manny Ybarra, Pillar Commercial
Real Estate
Will Mundinger II, WM2 Company, LLC
Linda McMahon, The Real Estate
Jim Berry, Deloitte.
Paul Rowsey III, JLB Partners
Council
TREC EXECUT IVE BOARD Chairman
Ran Holman, Cushman & Wakefield Immediate Past Chairman: Greg Kraus, Invesco Real Estate Chairman-Elect Jim Knight, KFM Engineering & Design Treasurer Robin Offutt, Deloitte. Secretary Tobin Swope, Winstead PC Dallas Catalyst Project Chair Mike Geisler, Venture Commercial Real Estate, LLC
Giving Gala Chair Paul Geyer, PGIM Real Estate Finance PAC Chair Shawn Todd, Todd Interests Public Policy Chair Kevin Bryant, Crow Holdings Capital Partners, L.L.C. Community Fund Chair Troy Daniel, Thackeray Partners Membership Chair Tom Bakewell, StreetLights Residential Programs Chair Mary Stoner Yost, Colliers International
FightNight Chair Chris Hipps, CBRE
ALC Class of 2018 Chair Rick Perdue, Rosewood Property Company ALC Class of 2019 Chair John Riggins, Talley-Riggins Construction Group, LLC Leadership Alumni Chair Nathan Nash, Steeplechase Ventures, LLC Leadership Development Chair Katy Slade, Mintwood Real Estate ALC Class Representative Zach Wszolek, Goldman Sachs Young Guns David Eseke, Cushman & Wakefield
TREC BOARD Joel Behrens, Trammell Crow Company
Dan Easley, Bank of Texas
Frank Mihalopoulos, Corinth Properties
Lucy Billingsley, Billingsley Company
Jeffrey Erxleben, NorthMarq Capital
Jeff Montgomery, Republic Title of Texas, Inc.
Katie Bloom, Goldman Sachs
David Evemy, Sarofim Realty Advisors
Shane Bowen, CIBC William Brokaw, Hillwood Urban Brant Brown, Westmount Realty Capital, LLC Mike Bryant, CBRE Tom Burns, Square Mile Capital Management LLC Glenn Callison, Munsch Mardt Kopf & Harr P.C. David Carroll, JLL Bill Cawley, Cawley Partners Steve Crosson, Integra Realty Resources Vance Detwiler, Prescott Realty Group Gerald Dunn, Benchmark Title
Steve Everbach, Colliers International Colin Fitzgibbons, KDC Greg Fuller, Granite Properties Vicky Gunning, Locke Lord LLP Danny Hertel, KPMG Sarah Hinkley, Thirty-Four Commercial, Inc.
Trey Morsbach, HFF Kevin W. Murry, Regions Bank Jonathan Napper, Cushman & Wakefield Doug Nash, The Retail Connection Courtney Naudo, Deloitte. Cullen Powell, Wells Fargo Bank Steve Rado, EY
Todd Howard, t. howard and associates architects, inc. (th+a)
Scott Rohrman, 42 Real Estate, LLC
Jim Johnson, East West Bank
Drew Steffen, Hines Interests LP
Dallas Lucas, TIER REIT, Inc. Ramsey March, Stream Realty Partners Geoff A. Meyer, VanTrust Real Estate, LLC
Neal Sleeper, Cityplace Company Kristian Teleki, Matthews Southwest Michele Wheeler, Jackson-Shaw Paul Wittorf, Transwestern Moody D. Younger, Younger Partners, LLC
T R E C F O U N D AT I O N B O A R D Chairman Jim Knight, KFM Engineering & Design
ALC Class of 2018 Chair Rick Perdue, Rosewood Property Company
Secretary Michael A. Krywucki, Munsch Hardt Kopf & Harr P.C.
ALC Class of 2019 Chair John Riggins, Talley-Riggins Construction Group, LLC
Treasurer Danny Hertel, KPMG
Leadership Alumni Representative Emily Henry, Studio Outside
Melissa Labor, Bespoke People and Culture
Professional Services Chair Lauren Goodman, Invesco Real Estate
Young Guns Representative
Strategies
Grants Chair Joseph Chu, Thackeray Partners
Evan L. Beattie, GFF
Metrics Chair Kris L. Lowe, HFF FightNight Chair Chris Hipps, CBRE Giving Gala Chair Paul Geyer, PGIM Real Estate Finance Dallas Catalyst Project Chair Mike Geisler, Venture Commercial Real Estate, LLC
Sarah H. Hauptman, Banner Oak Capital Partners, LP Brian Heflin, PlainsCapital Bank Kim Hogan, KDC Kim W. Kittle, Bank of Texas
Beth Lambert, Cushman & Wakefield
Teddy Leatherman, HFF
Kevin B. Meeks, BB&T
Tyler Berns, Frank Dale Construction, Ltd.
William G. Mundinger, Crow Holdings Industrial
Lindsay A. Billingsley
David A. Owen, Arther J. Gallagher & Company
Kimberly Byrum, Meyers Research, LLC
Patrick Ramsier, LegacyTexas
Steve Dillon, Balfour Beatty Construction
Mark Roppolo, HFS Capital Partners
Travis C. Ewert, Colliers International
Nathan Schubert, Crow Holdings Capital Partners, L.L.C.
Patricia L. Gibson, Banner Oak Capital Partners, LP
Brian N. Smith, Crescent Real Estate Equities Courtney Spellicy, Austin Commercial
Michelle Greenstreet, MICLYN Consulting, LLC
Deren Wilcox, Alston Construction
TREC COMMUNITY FUND BOARD Chairman Troy Daniel, Thackeray Partners Vice Chairman Kate Cavanaugh, Stewart Title Secretary Joel Schubert, Miramar Holdings
ALC Class Representative Tara Worthey, Todd Interests Leadership Alumni Representative David Brock, Bank of Texas Young Guns Representative Ryan Buchanan, CBRE
Treasurer Aaron Echols, Frost Bank
Darcy Barnes, Bank of America Merrill Lynch
Loan Committee Chair Diane Chavez, JPMorgan
Ces Escamilla, BB&T
Dustin Dulin, JLL
Jeff Kocher, NexBank Shery Layne, Comerica Bank David Lynch, Wells Fargo Bank Karyn Martin, Interprise Design Denise Mason, BBVA Compass Chad Schieber, The Beck Group Rod Washington, Frost Bank
PA C B O A R D Chairman Shawn Todd, Todd Interests
Young Guns Representative Ryan J. Garcia, Liberty Multifamily, LLC
Vice Chairman Kevin Bryant, Crow Holdings Capital Partners, L.L.C
Leadership Alumni Representative Courtney Spellicy, Austin Commercial
Treasurer Linda McMahon, The Real Estate Council
Donald L. Braun, HALL Group
Assistant Treasurer Robin Offutt, Deloitte.
Rob H. Bennett, Thackeray Partners Glenn Callison, Munsch Hardt Kopf & Harr P.C. Britton Church, JLB Partners Gerald Dunn, Benchmark Title
Ex-Officio Ran Holman, Cushman & Wakefield
Matthew S. Enzler, Trammell Crow Residential
ALC Class Representative Katy Jane Halpin, Cushman & Wakefield
Justin L. Goertz, Marvin F. Poer & Company
David W. Gleeson, GRAA Investments, LLC
Suzan Kedron, Jackson Walker LLP Frank Mihalopoulos, Corinth Properties Jon C. Napper, Courtland Group, LLC Mitch Paradise, Paradise Development Partners Deborah C. Ryan, Squire Patton Boggs LLP Neal Sleeper, Cityplace Company
Our first Young Guns About Town event of the year featured a bicycle tour through the Bishop Arts District, as our members learned about the neighborhood’s evolution and ongoing revitalization efforts.
Membership 2,200 Members
650 Member Companies
533 New Members
1,028 Young Guns Members
$1,071,221 Membership Revenue
Our final Speaker Series of 2018 focused on collaboration as a key driver of community impact and included a panel featuring Dallas Police Chief U. ReneĂŠ Hall, Lyda Hill and Nicole Small of the Lyda Hill Foundation and Aleta Stampley of CapitalOne.
Educational
Programs
Bank of Texas Speaker Series 1,075 ATTENDEES 2018 topics included the future of business leadership with Gallup CEO Jim Clifton, emerging transportation technologies and making a lasting community impact through collaboration. Market Matters 409 ATTENDEES 2018 topics included mixed-use and capital markets summits. Power Hour 122 ATTENDEES 2018 tours included Digital Realty’s Richardson data center, the West End Innovation District, and The Union. TRECcast 2,000-PLUS DOWNLOADS The official podcast of The Real Estate Council debuted in 2018 and is now available on Apple Podcasts, Spotify, SoundCloud, Stitcher and Google Play. Young Guns Programs 1,322 ATTENDEES Mentoring young professionals and developing the leaders of tomorrow, TREC hosted several programs and panels in 2018. Young Guns programs included: About Town tours, Rising to the Top, Forum and TREC Breakfast Groups.
Leadership
Development
IN 2018, TREC Hosted our 7th Mentorship Program with 48 participants, 24 mentor-mentee pairings.
Since 2012, the Mentorship Program has had 398 participants.
Welcomed our 23rd Associate Leadership Council class. There have been 608 graduates
of TREC's Associate Leadership Council and Fellowship of Executive Leaders programs.
Held five programs and events for our Leadership Alumni program, which consisted of
287 members in 2018.
During a Talent Capital Forum luncheon, a complimentary membership offered to
human resources professionals from TREC's member companies, we analyzed the research that psychologists Dr. Robyn Porterfield and Dr. Bob Rose of the Rose Porterfield Group collected from the last four ALC classes. Rose Porterfield Group has provided individual executive coaching on the challenges and opportunities facing the midcareer workforce and how to engage that age group.
Ambassador Ron Kirk speaks to our Associate Leadership Council class, which invested more than $200,000 in grant funds and in-kind donations to upgrade the 4,000 squarefoot offices of the nonprofit For Oak Cliff, which serves as a place where community leaders can work to transform the neighborhood.
PAC &
Public Policy TREC POLICY VISION AND GUIDING PRINCIPLES: To achieve TREC’s vision of a world class and livable North Texas region for all, TREC advocates for public policy priorities 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 You’ve Imagined. More than 120 members served on our Public Policy Committee and participated in more than 50 meetings, working group sessions and briefings on: Development process improvement Mixed income housing Tree mitigation reform Park land dedication ordinance Transportation Economic development TREC PAC contributed $18,000 to candidates in Dallas City Council, Texas state legislative, and Dallas Independent School District board elections
We welcomed State Rep. Morgan Meyer to our offices in May as part of our “Lunch With Legislators” program series.
In September, we hosted Public Policy 102 so our members could find out how to get involved with our PAC and Public Policy Committee initiatives.
TREC Community
Fund
In 2018, TREC Community Fund added the Real Estate 101 Bootcamp and Community-oriented Real Estate (CRE) programs to its community training programs.
2018 HIGHLIGHTS
Raised over $1.25 million in grants and received two nationally competitive grants, U.S. Department of the Treasury (CDFI Fund) and JPMorgan Chase PRO Neighborhoods Planning Grant Expanded community training programs: Real Estate 101 Bootcamp & Communityoriented Real Estate (CRE) Accelerator Finalist for D CEO’s 2018 Nonprofit Team of the Year Finalized 2018-20 Strategic Plan
TREC
Foundation
OVER THE YEARS, TREC FOUNDATION HAS WORKED DILIGENTLY TO STRENGTHEN OUR CITY THROUGH GOOD WORKS THAT ENHANCE EDUCATION, HOUSING, JOB CREATION, AND THE ENVIRONMENT. Utilizing the time, talents, and generosity of TREC’s members and their companies, TREC Foundation has contributed $12.5 million in grant funds and thousands of hours of pro bono professional services to more than 150 community organizations throughout North Texas. From its initial investment in the La Calle Diez, Short North Dallas, and St. Philip’s neighborhoods in the 1990s, to kickstarting the project that gave our city Klyde Warren Park, to ushering in a new era of community revitalization with the Dallas Catalyst Project, TREC Foundation has remained dedicated to providing resources for community building.
BY THE NUMBERS GRANTS $25,000 to ScholarShot $20,000 to Commit! $100,000 to Jubilee Park and
Time Invested 176 volunteers More than 2,475 volunteer hours
Community Center $60,000 for ALC Project to renovate For Oak Cliff’s facilities $100,000 for Young Guns Foundation Project to renovate Cornerstone Baptist Church Community Laundromat
between TREC Foundation, the Dallas Catalyst Project and TREC Special Events 25 Non-profits served
REAL ESTATE 101 FOR NONPROFITS In August, we began the ninth iteration of the popular Real Estate 101 for Nonprofits lunch series, hosted by Eliza Solender of Solender Hall. Comprised of five, two-hour-long monthly workshops, Real Estate 101 helps nonprofit organizations navigate the complex real estate decisions they face. Top Right: We honored Mayor Mike Rawlings and the city’s GrowSouth Fund during October’s Giving Gala. Lower Right: Our Young Guns helped construct an aquaponics garden at St. Philip’s School & Community Center during a volunteer day.
Dallas
Catalyst Project
IN 2018, TREC FOUNDATION AND PARTNER ORGANIZATIONS ST. PHILIP’S SCHOOL & COMMUNITY CENTER, CORNERSTONE BAPTIST CHURCH, AND CITYSQUARE KICKED OFF THE INAUGURAL DALLAS CATALYST PROJECT (DCP) to achieve the Forest District community’s vision for revitalization with a threeyear, $1 million initial investment. In the first year of the DCP, 111 members provided more than 1,160 hours of support to ensure the Forest District reaches its full potential.
PROJECTS WE STARTED IN 2018: Young Guns Foundation Project to renovate the Cornerstone Baptist Church Community Laundromat at Ervay Plaza, led by Jesse Montgomery of HPM and Benton Smith of Brasfield & Gorrie Renovations to a 12,000-square-foot retail space on Martin Luther King Jr. Boulevard, led by David Fazio of The Retail Connection and Hoshi Brooks from Perkins+Will Restoration of the Forest Theater’s façade, led by KDC's Kim Hogan and HKS’s Zach Lamp Beautification of a streetscape in front of Cornerstone Baptist Church, including the implementation of landscaping and improvements to the building’s façade, as well as the installation of a playscape beneath a portion of I-45, led by Emily Henry of Studio Outside
One of our Young Guns volunteer days included renovating a house owned by Cornerstone Baptist Church.
We commemorated the 30th anniversary of FightNight by honoring the members and families who have chaired the event since its inception in 1989.
Foundation
Events
WE HAD A TREMENDOUS YEAR OF FUNDRAISING IN 2018! Each of our “Big Three” events exceeded their fundraising goals thanks to the generosity of our members and companies. Their dedication to our city is imperative to TREC Foundation’s success and their contributions will help Build the City You’ve Imagined.
EVENT
AMOUNT RAISED
$101,035
GIVING
GALA
$601,175
Logo color code: C=0, M=0, Y=0, K=100 C=0, M=0, Y=0, K=70
$1.4 M
C=13, M=15, Y=8, K=58 C=13, M=15, Y=8, K=44 C=0, M=0, Y=0, K=40 C=0, M=0, Y=0, K=30 C=0, M=0, Y=0, K=20 C=3, M=4, Y=5, K=10 C=2, M=3, Y=4, K=7 C=0, M=0, Y=0, K=10 C=0, M=0, Y=0, K=0
2018 Impact
Investors CHAMPION’S CIRCLE
Bank of America Merrill Lynch/
Federal Reserve (Community Development Financial Institutions Fund)
Bank of America Charitable Foundation, Inc.
HFF
Bank of Texas
JLL
CBRE
JPMorgan/JPMorgan Chase Foundation
Compatriot Capital, Inc.
NexBank SSB
Deloitte.
Stantec
CHAIRMAN’S CIRCLE Balfour Beatty Construction
Invesco Real Estate
Billingsley Company
Jackson Walker
Corgan
KPMG
Crow Holdings Capital Partners, L.L.C.
LegacyTexas
Cushman & Wakefield
Munsch Hardt Kopf & Harr P.C.
DPR Construction, Inc.
Republic Title of Texas, Inc.
Eastdil Secured
Stewart Title
EY
The Howard Hughes Corporation
Frost Bank
Wells Fargo Bank/ Wells Fargo Foundation
Granite Properties
Winstead PC
PRESIDENT’S CIRCLE BB&T
PUREPOINT Financial
BBVA Compass/BBVA Compass Foundation
Simmons First Foundation
Brasfield & Gorrie, LLC
StreetLights Residential
Cawley Partners
Texas Capital Bank
Gables Residential
Thackeray Partners
GFF
The Beck Group
Goldman Sachs
TIER REIT, Inc.
Grant Thornton
Todd Interests
Haynes and Boone, LLP
Trammell Crow Company
Jackson-Shaw
Transwestern
KDC
US Bank/ Foundation
NorthMarq Capital
Westmount Realty Capital, LLC
PGIM Real Estate Finance
B E N E FA C T O R ’ S C I R C L E 42 Real Estate, LLC
KeyBank
Acore Capital
Kimley-Horn
AG&E Structural Engenuity
Lincoln Property Company
Alston Construction
Locke Lord LLP
American National Bank of Texas
Matthews Southwest
Associated Bank
Merriman Anderson Architects, Inc.
Bank of America Plaza
Mill Creek Residential Trust LLC
Bank OZK
MYCON General Contractors
Benchmark Title
ORIX Real Estate Americas
Berkadia Commercial Mortgage
Pacheco Koch Consulting Engineers, Inc.
Bradford Companies
Perkins+Will
CallisonRTKL
PlainsCapital Bank
Capital One Bank
Primera Companies, Inc.
Chicago Title, NCS Dallas
Regions Bank
Citigroup Global Markets, Inc.
Sarofim Realty Advisors
Colliers International
Spirit Realty Capital
Corinth Properties
Stream Realty Partners
Deutsche Bank
t. howard and associates architects, inc. (th+a)
Gensler
The Muse Family Enterprises
Greenberg Traurig-Dallas
The Retail Connection
HALL Group
Trammell Crow Residential
Hill & Wilkinson
Turner Construction Company
Hillwood Urban
VanTrust Real Estate, LLC
Hunt Real Estate Capital
VCC Construction
JPI
Vinson & Elkins L.L.P.
Jones Day
Walker & Dunlop
Kane Russell Coleman Logan PC
Younger Partners, LLC
Kennington Commercial
PAT R O N ’ S C I R C L E Bay Miltenberger
Joel M. Eastman, PLLC
Benefit Cosmetics Boutique Preston
Lasco Acoustics and Drywall
Cherry Painting Company, Inc.
Legacy Hedgcoxe Office Partners, LP
Designer Draperies And Floors
Performance Door and Hardware, Inc
Eastman Law
Polk Mechanical Co LLC
Fairmont Hotel
Terracon Consulting Inc.
Fauxcades
The Demo Company
Gaedeke Group LLC
The Ritz-Carlton - Dallas
Gemini Stage Lighting & Equipment, Co., Inc.
TX Office Installation Services Inc
Global Furniture Group
Wccw
Hilton Anatole Hotel
Western Rim
Imlach & Collins Brothers
Windsor Court Hotel
J&S Audio Visual
Financials The Real Estate Council Inc.
Year End Actual
Year to Date Budget
Revenues Membership Dues Membership Development Expenses Leadership Development (Net) Programs (Net) Public Policy (Net) Marketing Sponsorships Other Income Total Net Revenues
$1,071,221 ($6,451) $28,215 $43,279 ($57,955) $0 $2,402 $1,080,710
$1,141,550 ($12,500) $18,663 $62,701 ($73,000) $10,000 $31,660 $1,179,074
Expenses Operating Total Expenses
$1,095,646 $1,095,646
$1,131,829 $1,131,829
($14,936)
$47,245
Year End Actual
Year to Date Budget
$646,266 ($66,625) $301,981 $881,622
$802,975 ($47,400) $300,000 $1,055,575
Expenses Operating Program Expenses Total Expenses
$364,633 $674,859 $1,039,492
$482,768 $472,200 $954,968
NET SURPLUS/(DEFICIT)
($157,870)
$100,607
NET SURPLUS/(DEFICIT)
TREC Foundation Revenues Events Proceeds Projects (Net) Other Income Total Net Revenue
TREC Special Events Inc. Revenues Events (Net) Distributions Total Net Revenue Expenses Operating Total Expenses NET SURPLUS/(DEFICIT)
TREC Community Fund Revenues Income Events (Net) Programs (Net) Marketing (Net) In Kind Revenue Total Net Revenue Expenses Operating Total Expenses NET SURPLUS/(DEFICIT)
TREC PAC
Year End Actual
Year to Date Budget
$1,026,602 ($646,266) $380,336
$1,185,825 ($802,975) $382,850
$381,188 $381,188
$382,850 $382,850
($852)
$0
Year End Actual
Year To Date Actual
$850,597 ($1,215) $364,824 ($3,453) $61,625 $1,272,378
$309,260 $2,700 ($8,050) ($16,270) $0 $287,640
$457,306 $457,306
$287,446 $287,446
$815,072
$194
Year to Date Actual
Revenues PAC Contributions Contributions Total PAC Contributions Total Revenues
$40,630 $40,630 $40,630
Expenses Operating
$3,083
Candidate Endorsements Total Operating NET SURPLUS/(DEFICIT)
$17,0
$17,000 $20,083 $20,547
Statement of activities for the period ending December 31, 2018
TREC
Staff
Carla Brandt Chief Financial Officer (214) 692-3603 carla@recouncil.com
Cale Peterson Events Coordinator (214) 220-1843 cpeterson@recouncil.com
Kennedy Bower Foundation Coordinator (214) 692-3606 kbower@recouncil.com
Bill San Antonio Communications & Marketing Coordinator (214) 220-1840 bsanantonio@recouncil.com
Christina Garcia Executive Assistant/Board Relations (214) 580-1671 cgarcia@recouncil.com Kelsey Holmes Leadership & Programs Coordinator (214) 692-3601 kholmes@recouncil.com Mallory Kenny Membership Engagement Associate (214) 220-1842 mkenny@recouncil.com Linda McMahon President & CEO (214) 580-1681 lmcmahon@recouncil.com Kawanise Mims TREC Community Fund Associate (214) 692-3604 kmims@recouncil.com Holland Morris Vice President - Programs, Leadership & Culture (214) 580-1680 holland@recouncil.com
Amy Stovall Director of Membership, Engagement & Communications (214) 692-3605 astovall@recouncil.com Bryan Tony Director of Public Policy (214) 220-1844 btony@recouncil.com Nebiat Wodere Database/Financial Manager (214) 580-1674 nwodere@recouncil.com Mekdes Yae Accounting Manager (214) 580-1678 myohannes@recouncil.com
CONTACT US 3100 McKinnon Street Suite 1150 Dallas, TX 75201 (214) 692-3600 RECouncil.com