2 0 1 7 A N N U A L R E P O R T
Progress
Together Greg Kraus, Invesco Real Estate 2017 TREC CHAIRMAN
IT IS BOTH HEARTWARMING AND HUMBLING FOR ME TO REFLECT ON ALL THE REAL ESTATE COUNCIL ACCOMPLISHED IN 2017. I am grateful to have led this organization through a year of tremendous change and opportunity, knowing that the progress we made will leave a positive and lasting impact on our city for years to come. To say that 2017 was a “big year” for The Real Estate Council would be an understatement. Our organization exceeded 2,000 members – with about half comprised of Young Guns – and our educational programs saw record-breaking attendance. We To say that 2017 was a “big year” continued to receive the support of our Legacy who during Giving Gala presented a for The Real Estate Council would Leaders, $100,000 grant to Jubilee Park & Community Center for the creation of a program offering be an understatement. South Dallas residents job training in Greg Kraus, 2017 TREC CHAIRMAN construction and security. TREC Community Fund’s first-ever Shark Tank event yielded $2.1 million toward three projects located within the city’s GrowSouth footprint from a panel of five seasoned commercial real estate investors. TREC Foundation introduced a new fundraising model that led to the creation of the Dallas Catalyst Project, and by year’s end our members voted on the Forest District Revitalization initiative as the recipient for the initial $1 million investment and began scoping out the work needed to bring the project to life. Those are just some of the highlights. I am perhaps proudest of the fact that all of the successes we enjoyed as an organization last year – successes that have continued into 2018 – could not have been possible without the hard work, dedication and generosity of our members and their companies. In many ways, our work has only just begun, but I am thrilled to see what the future holds and how we’ll continue to Build the City You’ve Imagined.
Linda McMahon, The Real Estate Council PRESIDENT & CEO
MY POSITION WITH THE REAL ESTATE COUNCIL GIVES ME IMMENSE JOY because it’s granted me the opportunity to work closely with all of you. You are all amazing individuals whose passion for our community shines in everything you do. We had such a big year in 2017 – and accomplished so much – because of the tireless efforts of our members and leaders. As chairman, Greg Kraus helped shape TREC’s future amid a year of new and wonderful opportunities. Ran Holman, in his role as TREC Foundation chair, led us through a massive shift in our philanthropic philosophy that led to the creation of Dallas Catalyst Project and our three-year commitment to invest our resources in one neighborhood. The 2017 Associate Leadership Council class exceeded fundraising and project goals at seemingly every turn, renovating the Harmony Community Development Corporation’s food pantry and helping feed countless Dallas residents. Rod Washington, as chair of TREC Community You are all amazing individuals Fund, supported our growth as we jumped into the deep end of Shark Tank. We had so much fun whose passion for our community with Mark Cuban, Dallas Mayor Mike Rawlings, shines in everything you do. and the five adventurous and committed Sharks who made a major investment in the entrepreneur Linda McMahon, TREC PRESIDENT & CEO developers that wanted to GrowSouth with us. Michael Dardick, Craig Hall, Bill Cawley, Frank Mihalopoulos and the GrowSouth Fund’s Tillie Borchers turned an entertaining evening into an opportunity of a lifetime for our three developer finalists. For the second time in TREC history, a family chaired FightNight. The Billingsley Family did a stellar job and had a lot of fun doing it. The night in Havana was a truly fun evening that helped raise money for our Foundation. We set the sky ablaze with fireworks to Ignite the Night during another big Giving Gala, chaired by Barry Olson of Goldman Sachs. HFF’s Teddy Leatherman chaired an amazing Casino Night as our Young Guns showed their love of our city with their project at the Aberg Center for Literacy. While it’s true that we know how to throw a party, we also know how to make an impact. Our Public Policy Committee exceeded 100 members who researched and provided recommendations on everything from DART and access to transportation to housing affordability and development improvements. Shawn Todd, our Public Policy chair, led this ever-growing group in our recommendations to make Dallas the best place to do business. Our PAC chairman, Jim Knight, led a contingent to Austin during the State Legislative Session as we made sure our representatives know what economic impact commercial real estate has on the state’s economy. I would love to list every one of you who has made an imprint on my heart, but there are simply too many of you to name. I am so fortunate to work with a great team of TREC staff and I am more than blessed to work with all of you who not only love this industry but love our region and want to join us to Build the City You’ve Imagined.
2017 Board Members LEGACY LEADERS Sue Ansel, Gables Residential
David Gruber, MetroAmerican Developers, LLC
Jim Berry, Deloitte.
Chancellor Lee Jackson, University of North Texas
Diane Butler, Butler Advisers Will Cureton, CLB Partners Michael Dardick, Granite Properties David Deniger, Olympus Real Estate Partners Tony Dona, Thackeray Partners Robert Feldman, UCLA School of Law Mark Gibson, HFF Joe Griffith, JPMorgan
Bill Kramer, Republic Title of Texas, Inc. Holt Lunsford, Holt Lunsford Commercial Linda McMahon, The Real Estate Council Will Mundinger II, WM2 Company, LLC Paul Rowsey, Longbrook Capital Ken Sandstad, The Sandstad Group, LLC
John Scovell, Woodbine Development Corporation Bill Sechrest Calhoun, Bhella & Sechrest, LLP Jeff Swope, Champion Partners Ken Townsend, Boulevard Builders Michele Wheeler, Jackson-Shaw Todd Williams, Commit! Karl Zavitkovsky
Frank Schubert
BOARD OF ADVISORS Jim Berry, Deloitte.
Mark Gibson, HFF
Paul Rowsey, Longbrook Capital
Diane Butler, Butler Advisers
Ran Holman, Cushman & Wakefield
Jeff Swope, Champion Partners
Michael Dardick, Granite Properties
Greg Kraus, Invesco Real Estate
Michele Wheeler, Jackson-Shaw
Tony Dona, Thackeray Partners
Will Mundinger II, WM2 Company, LLC
Manny Ybarra, Pillar Commercial
TREC EXECUTIVE BOARD Chairman Greg Kraus, Invesco Real Estate
ALC Class of 2018 Chair Rick Perdue, Mill Creek Residential Trust LLC
PAC Chair James Knight, Stantec
Chairman-Elect Ran Holman, Cushman & Wakefield
Leadership Alumni Chair Justin L. Goertz, Marvin F. Poer and Company
Program Chair David Evemy, Sarofim Realty Advisors
Treasurer Courtney Naudo, Deloitte.
FightNight Chair The Billingsley Family
Public Policy Chair Shawn Todd, Todd Interests
Secretary Vicky P. Gunning, Locke Lord LLP
Giving Gala Chair Barry J. Olson, Goldman Sachs
Young Guns Chair Jay Dreiling, Beck Group
ALC Class of 2017 Chair Evan L. Beattie, GFF
Leadership Development Chair Katy Slade, Gables Residential
ALC Class Representative Tyler Berns, Frank Dale Construction Ltd.
Membership Chair Tom Bakewell, StreetLights Residential
TREC BOARD John Bartling
Dan H. Easley, Bank of Texas
Eric E. Krueger, Balfour Beatty Construction
Joel Behrens, Trammell Crow Company
Jeff Erxleben, NorthMarq Capital
Dallas Lucas, TIER REIT Inc.
Eric Beichler, Mohr Partners
Steve Everbach, Colliers International
Ramsey March, Stream Realty Partners
Kim Bonfield, KDC
Greg P. Fuller, Granite Properties
Frank Mihalopoulos, Corinth Properties
Shane M. Bowen, Bank of America Merrill Lynch
Duncan T. Fulton, GFF
Kevin W. Murry, Regions Bank
Paul N. Geyer, PGIM Real Estate Finance
Bill Brokaw, Hillwood Urban Kim Butler, HALL Group Glenn Callison, Munsch Hardt Kopf & Harr P.C. David Carroll, JLL Dodge Carter, Crow Holdings Capital Partners L.L.C. John W. Cullins, EY Jim Curtin, HFF Vance Detwiler, Prescott Realty Group
Sam A. Gillespie, Invesco Real Estate
Clark Pulliam, Chicago Title Company/Fidelity National Financial (FNF)
Gerry Hedgcock, Crow Holdings Capital Partners, L.L.C.
Scott Rohrman, 42 Real Estate LLC Alan Shor, The Retail Connection
Danny Hertel, KPMG
Neal D. Sleeper, Cityplace Company
Sarah Hinkley, Thirty-Four Commercial Inc.
Drew Steffen, Hines Interests, LP
Chris Hipps, CBRE Todd C. Howard, th+a Architects, Inc. Jim Johnson, BMO Harris Bank Kevin L. Kelley, Gardere Wynne Sewell, LLP
Kristian Teleki, Matthews Southwest Michele Wheeler, Jackson-Shaw Paul Wittorf, Transwestern
T R E C F O U N D AT I O N B O A R D Chairman Ran Holman, Cushman & Wakefield
Giving Gala Chair Barry J. Olson, Goldman Sachs
Patricia L. Gibson, Banner Oak Capital Partners, LP
Secretary Vicky P. Gunning, Locke Lord LLP
Grants Chair Sarah Hipp, Opportunis Advisors
Nathan Golik, NexCore Group
Assistant Secretary Tobin Swope, Winstead PC
Metrics Chair David A. Owen, Arthur J. Gallagher & Company
Treasurer Courtney Naudo, Deloitte. Assistant Treasurer Robin Offutt, Deloitte.
Kim Hogan, StreetLights Residential Alex John, HKS Kim W. Kittle, Bank of Texas
Professional Services Chair Joseph Chu, Thackeray Partners
Melissa Labor, Granite Properties
Young Guns Vice-Chair David Eseke, Cushman & Wakefield
Kevin B. Meeks, BB&T
Kris L. Lowe, HFF William G. Mundinger III, Crow Holdings Industrial
ALC Class of 2017 Chair Evan L. Beattie, GFF
Allison Austin, ORIX Real Estate Americas
ALC Class of 2018 Chair Rick Perdue, Mill Creek Residential Trust LLC
Lindsay A. Billingsley, Alliance Residential Company
ALC Class Representative Lauren Goodman, Invesco Real Estate
Kimberly Byrum, Meyers Research, LLC
Leadership Alumni Representative Nathan P. Nash, Steeplechase Ventures, LLC
Michael Geisler, Venture Commercial Real Estate, LLC
Courtney Emich Spellicy, Austin Commercial
Gilbert Gerst, BOK Financial
Jonathan Wood, GFF
FightNight Chair The Billingsley Family
Travis C. Ewert, Colliers International
Patrick Ramsier, LegacyTexas Mark Roppolo, HFS Capital Partners Nathan Schubert, Crow Holdings Capital Partners, L.L.C. Deren Wilcox, Alston Construction
TREC COMMUNITY FUND BOARD Chairman Rod Washington, Frost Bank
Leadership Alumni Representative Dustin Dulin, JLL
Treasurer Chad Schieber, Beck Group
Loan Committee Chair Ryan Panariso, Lincoln Capital Management, LLC
Vice Chair Troy Daniel, Thackeray Partners
Young Gun Representative Jessica Straley, Winstead PC
ALC Class of 2017 Representative Clay Pickering, The Retail Connection
Kate A. Cavanaugh, Stewart Title
Ces Escamilla, BB&T Joseph F. Griffith, JPMorgan Shery R. Layne, Comerica Bank Joel S. Schubert, Miramar Holdings Matt Siekielski, NexBank Yelda D. Tuz, Bank of America Merrill Lynch
Aaron Echols, Frost Bank
TREC COMMUNITY FUND ADVISORY BOARD Judith Collins, Small Business Development Center
Roy Lopez, Federal Reserve Bank of Dallas
Ken Smith, Revitalize South Dallas Coalition
Christian Evans, Goldman Sachs
Denise Mason, BBVA Compass
Jamie Vasquez, Woodforest Bank
Paige Flink, The Family Place
Greg May, Preston Hollow Capital
Cynthia Yung, The Boone Family Foundation
Libbie Lee, Golden SEEDS Foundation
Emmanuel Obi, The Obi Law Firm
Christopher Lewis, Nokia Networks
Dora Ramirez, Wells Fargo Bank
PA C B O A R D Chairman James Knight, Stantec
Leadership Alumni Chair Justin L. Goertz, Marvin F. Poer and Company
Vice Chairman Shawn Todd, Todd Interests
Young Guns Representative Ryan J. Garcia, Liberty Multifamily
Assistant Treasurer Courtney Naudo, Deloitte.
Robert H. Bennett, Thackeray Partners
Ex-Officio Greg Kraus, Invesco Real Estate
Kevin Bryant, Crow Holdings Capital Partners, L.L.C.
Donald L. Braun, HALL Group
ALC Class Representative Britton Church, JLB Partners
Glenn Callison, Munsch Hardt Kopf & Harr P.C.
Leadership Alumni Representative Courtney Emich Spellicy, Austin Commercial
David W. Gleeson, GRAA Investments, LLC
John W. Cullins, EY
Suzan Kedron, Jackson Walker L.L.P. Frank Mihalopoulos, Corinth Properties Judson L. Pankey, Prescott Realty Group Mitch Paradise, Paradise Development Partners Deborah C. Ryan, Squire Patton Boggs LLP Neal D. Sleeper, Cityplace Company Sean Tate, Wick Phillips, LLP
Membership 2,040 members
620 member companies
550 new members
936 Young Guns members
$1,045,214 revenue, a 7 percent increase above 2016
In 2017, we hosted more than 20 educational programs to help our members stay informed on the latest industry, city, and regional development trends. Our Programs Committee also successfully planned the launch of our new podcast series, The TREC Podcast.
Educational
Programs
Bank of Texas Speaker Series 1,300 ATTENDEES 2017 topics included: the challenges facing Texas cities, the Federal Reserve’s role in the national economy’s recovery and the Dallas Catalyst Project Industry Insights 700 ATTENDEES 2017 Topics included: High Net Worth & Family Office, Institutional Capital, Capital Markets and Heavy Hitters in Office & Industrial Power Hour 120 ATTENDEES 2017 innovative development site tours included: Toyota North America’s headquarters, Perot’s Turtle Creek campus, Hilti North America’s test site and Dallas High School Webinars 120 ATTENDEES 2017 Webinars took an in-depth look at industry topics, including: emerging technologies, public policy, leadership development and market updates C Circle 30 ATTENDEES Our two CEO-level programs reflected on leadership and industry trends
Young Guns Programs OVER 650 ATTENDEES TREC hosted several programs and panels in 2017 aimed at mentoring young professionals and developing the leaders of tomorrow. Young Guns programs included: About Town tours, Rising to the Top, Forum & TREC Breakfast Groups
Leadership
Development
DEVELOPING THE LEADERS OF TOMORROW IN 2017, TREC Welcomed our 22nd Associate Leadership Council (ALC) class Conducted our 2nd Executive Leadership Council (ELC) class Paired our sixth group of mentees for our Mentorship Program Launched the Talent Capital Forum for HR executives within the
commercial real estate industry
Rebranded our ALC Alumni to Leadership Alumni to foster collaboration
between ALC and ELC graduates
In August, Leadership Alumni took a hard-hat tour of the Park District construction site.
Class of
2017
A S S O C I AT E L E A D E R S H I P C O U N C I L CLASS OF 2017 Sumner Billingsley, Billingsley Company Jason Burke, Granite Properties Lance Buxkemper, Bank of America Merrill Lynch Aaron T. Capps, Griffith Davison & Shurtleff, P.C. Heath Cheek, Bell Nunnally & Martin LLP Michael Cosby, HFF Brandon Davis, KPMG Aaron Echols, Frost Bank Laura Eder, GFF Jason Hauck, Trinsic Residential Group Mark Hayes, Stream Realty Partners Corinne Hoffman, L&B Realty Advisors Katy Jane Jenevein, Eastdil Secured Anna Johnson, Perkins+Will Andrew Kastanos, StreetLights Residential Ryan Koch, Pacheco Koch Consulting Engineers, Inc. Zachary Lamp, HKS Holden Lunsford, Holt Lunsford Commercial Todd Marchesani, Frontier Equity Taylor Pearce, Harbert Management Corporation Ross E. Ruschhaupt, RBC Capital Markets Brian N. Smith, TRT Holdings, Inc. Chelsea Story, Colliers International Drew Tappan, Invesco Real Estate Caleb Trotter, Munsch Hardt Kopf & Harr P.C. Brian Webster, KWA Construction Jeff Wood, Peloton Commercial Real Estate Tara Worthey, Todd Interests Zach Wszolek, Goldman Sachs Chris Young, Comerica Bank EXECUTIVE LEADERSHIP COUNCIL CLASS OF 2017 B. Allison Brooks, B2 Architecture + Design Josh A. Hedderich, Lexington Realty Trust Kevin Kramer, DPR Construction, Inc. Karyn Martin, Interprise Design Scott Rohrman, 42 Real Estate, LLC Beth Zayicek, Invesco Real Estate
PAC &
Public Policy Over 100 members served on the Public Policy Committee and hosted over 50 meetings, working group sessions and briefings on: Dallas’s pension crisis Development process improvements Transportation Affordable housing Tree mitigation Park land dedication ordinance State legislative issues The PAC interviewed candidates for the Dallas City Council and school board elections and contributed $43,000 to state and local political campaigns.
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 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 You’ve Imagined.
Fifteen members of our PAC and Public Policy committees traveled to Austin as part of Commercial Real Estate Lobby Day. Our members spent over 50 hours reviewing 100-plus bills impacting the commercial real estate industry.
TREC Community
Fund
In April, TREC Community Fund helped celebrate the grand opening of Recipe Oak Cliff with a ribboncutting ceremony and block party.
2017 HIGHLIGHTS
Hosted two ribbon-cutting events, including a grand opening block party for Recipe Oak Cliff, a “food security house” Constructed an in-depth marketing and communications strategic plan Volunteers provided 676 development services hours valued at $216,000 Raised approximately $242,000 in grants and secured $600,000 in debt capital
TREC Community Fund’s inaugural Shark Tank event featured an opening keynote conversation between (from left) WFAA’s Demond Fernandez, Dallas Mayor Mike Rawlings and Dallas Mavericks Owner Mark Cuban.
IN NOVEMBER, TREC COMMUNITY FUND HOSTED THE FIRST TREC SHARK TANK: GROWSOUTH EVENT, a live pitch competition highlighting investment and economic opportunities within Southern Dallas. Development teams were invited to submit commercial real estate project proposals to TREC that were gradually narrowed to three finalists who were mentored by seasoned industry professionals and graduates of our Associate Leadership Council class. Our finalist teams pitched to a panel of commercial real estate investors before an audience of more than 750 guests and each received investment deals totaling more than $2.1 million. PRESENTING SPONSOR: NexBank | LEAD SHARK SPONSOR: JPMorgan Chase | MEDIA SPONSOR:WFAA EVENT SPONSORS: Matthews Southwest, Purepoint Financial, Civitas Capital
Held at Gilley’s Dallas, the inaugural TREC Shark Tank yielded $2.1 million in investment for three projects seeking to grow economic development opportunities in Southern Dallas.
TREC Foundation BY THE NUMBERS GRANTS
VOLUNTEER PROJECTS
TREC Foundation’s Legacy Leaders
Fifty volunteers helped complete the
matched a $100,000 grant to Jubilee Park & Community Center $10,000 to Commit! $25,000 to ScholarShot
PROFESSIONAL SERVICES 100 Volunteers 1,779 hours of professional services valued
at $440,000 Donated hours to over 30 nonprofits
Young Guns project to renovate the Aberg Center for Literacy and sourced over $60,000 in in-kind donations Young Guns volunteer projects – 120 participants over four work days Approximately $200,000 in grants and professional services was donated for the ALC’s class project to renovate the Harmony Community Development Corporation’s food pantry
On October 17, our Young Guns helped cut the ribbon of their Foundation Project: Renovations to the Aberg Center for Literacy.
Dallas
Catalyst Project FOLLOWING A STRATEGIC PLAN THAT DELOITTE. FACILITATED WITH THE TREC FOUNDATION BOARD IN EARLY 2017, the Foundation introduced a new philanthropic initiative to focus on a single Dallas neighborhood with collaborating partners seeking to address a specific community challenge. From this plan, the Dallas Catalyst Project was born. A three-year, $1 million TREC Foundation initiative to Ignite
Positive Community Change 155 partnering organizations submitted 38 applications A member vote in November selected the winning collaboration
The Forest District Revitalization initiative, with partnering community organizations CitySquare, St. Philip’s School & Community Center and Cornerstone Baptist Church, was selected as the recipient of the inaugural DCP grant. The project includes restorations of the iconic theater and a retail space on Martin Luther King Jr. Boulevard as well as exterior improvements to Cornerstone Baptist Church.
The iconic Forest Theater will be renovated as part of the inaugural Dallas Catalyst Project.
Proceeds from our Figh Council class’s Foundat Development Corporati
htNight raffle benefited the Associate Leadership tion project to renovate the Harmony Community ion’s food pantry.
Foundation
Events
WHAT A GREAT YEAR FOR OUR FUNDRAISING EVENTS IN 2017! Each of our events exceeded their fundraising goals thanks to the generosity of our donor members and companies. We could not have accomplished our goals without them and their contributions will help Build The City You’ve Imagined. EVENT
AMOUNT RAISED
$113, 286
$605,000
$1.4 M
2017 Impact
Investors CHAMPION’S CIRCLE
Bank of America Merrill Lynch/ Foundation
HFF
Bank of Texas
JPMorgan
Compatriot Capital
NexBank
Granite Properties
CHAIRMAN’S CIRCLE Balfour Beatty Construction
KPMG
Billingsley Company
LegacyTexas
CBRE
Matthews Southwest
Crow Holdings Capital Partners, L.L.C.
Munsch Hardt Kopf & Harr P.C.
Deloitte.
Republic Title of Texas, Inc.
EY
Stantec
Frost Bank
Stewart Title
Invesco Real Estate
StreetLights Residential
Jackson Walker L.L.P.
The Howard Hughes Corporation
JLL
Winstead PC
KDC
PRESIDENT’S CIRCLE 42 Real Estate, LLC
Goldman Sachs
Bank of the Ozarks
Haynes and Boone, LLP
BB&T
Holt Lunsford Commercial
BBVA Compass/Foundation
Jackson-Shaw
Chicago Title Company/Fidelity National Financial (FNF)
Locke Lord LLP
Chief Partners LP
NorthMarq Capital
Comerica Bank
Spirit Realty Capital
Corgan Associates, Inc
Stream Realty Partners
Cushman & Wakefield, Inc.
Texas Capital Bank
DPR Construction, Inc.
Thackeray Partners
Eastdil Secured
Todd Interests
GFF
Trammell Crow Company
B E N E FA C T O R ’ S C I R C L E Adolfson & Peterson Construction
KeyBank
AECOM
Kimley-Horn and Associates, Inc
AG&E Structural Engenuity
Lincoln Property Company
American National Bank of Texas
Mark Gibson
Arch-Con Corporation
Mill Creek Residential Trust LLC
Bank of America Plaza
Mohr Partners
BBG
MUFG Union Bank
Beck Group
OMNIPLAN, Inc.
Berkadia Commercial Mortgage
ORIX Real Estate Americas
Bradford Companies
PegasusAblon Properties
Brasfield & Gorrie, LLC
Peloton Commercial Real Estate
Capital One Bank
Perkins+Will
Capright, LLC
PGIM Real Estate Finance
Champion Advisory Partners
PlainsCapital Bank
Colliers International
PM Realty Group
Communities Foundation of Texas
Purepoint Financial
Corinth Properties
Real Estate Deal Sheet
Cortland Partners
Regions Bank
Davidson & Bogel Real Estate
Sarofim Realty Advisors
Deutsche Bank
Schwob Building Company
EMJ Corporation
th+a Architects, Inc.
Gables Residential
The Retail Connection
Gaedeke Group LLC
TIER REIT, Inc.
Gardere Wynne Sewell LLP
Trammell Crow Residential
Grant Thornton
Transwestern
HALL Group
Turner Construction Company Vinson
Hillwood Urban
& Elkins L.L.P.
Hines Interests LP
Walker & Dunlop
Hunt Mortgage Group
Wells Fargo Bank
Invitation Homes
Westmount Realty Capital, LLC
Jones Day JPI Kane Russell Coleman & Logan PC
PAT R O N ’ S C I R C L E Carrco Painting
McKinney Office Supply
Drywall Interiors, LP
Parmenter Realty Partners
Fauxcades
Premier West Builders
Gentzler Electrical Services Inc.
TD Industries
Hilton Anatole Hotel
Financials The Real Estate Council Inc. Year End Actual
Year 2017 Budget
$1,045,214 ($6,037) ($10,374) $53,736 ($17,057) $0 $304,502 $1,369,984.06
$1,000,120 ($14,100) ($8,187) $89,702 ($70,500) $6,000 $284,596 $1,287,631.00
$1,199,456 $1,199,456
$1,304,839 $1,304,839
$170,528
($17,208)
Year End Actual
Year 2017 Budget
Revenues Events Proceeds Projects (Net) Other Income Total Net Revenue
$847,284 ($58,727) $671,315 $1,459,873
$810,859 ($42,200) $235,000 $1,003,659
Expenses Operating Program Expenses Total Expenses
$566,088 $795,720 $1,361,808
$604,533 $326,500 $931,033
$98,065
$72,626
Revenues Membership Dues Membership Development Expenses Leadership Development (Net) Programs (Net) Public Policy Marketing Sponsorships Other Income Total Net Revenue Expenses Operating Total Expenses NET SURPLUS/(DEFICIT)
TREC Foundation
NET SURPLUS/(DEFICIT)
TREC Special Events Inc. Year End Actual
Year 2017 Budget
$1,175,380 ($981,850) $193,530
$1,130,599 ($941,855) $188,744
$182,584 $182,584
$186,297 $186,297
$10,947
$2,447
Year End Actual
Year 2017 Budget
Revenues Contributions Loan Revenue Events (Net) Programs (Net) Marketing (Net) Total Net Revenue
$309,037 $89,225 $15,000 ($2,258) ($28,681) $382,323
$215,344 $0 $0 ($6,000) ($16,375) $192,969
Expenses Operating Total Expenses
$288,430 $288,430
$192,951 $192,951
$93,893
$18
Revenues Events (Net) Distributions Total Net Revenue Expenses Operating Total Expenses NET SURPLUS/(DEFICIT)
TREC Community Fund
NET SURPLUS/(DEFICIT)
Statement of activities for the period ending December 31, 2017
TREC
Staff
Linda McMahon
Bill San Antonio
President & CEO
Communications & Marketing
(214) 580-1681
Coordinator
lmcmahon@recouncil.com
(214) 220-1840 bsanantonio@recouncil.com
Carla Brandt Chief Financial Officer
Amy Stovall
(214) 692-3603
Director of Membership Development
carla@recouncil.com
& Engagement
Holland Morris
astovall@recouncil.com
(214) 692-3605 Vice President - Programs, Leadership & Culture (214) 580-1680
Ashley Thompson
holland@recouncil.com
Member Services Associate
Marcia Ebaugh-Pallรกn
athompson@recouncil.com
(214) 220-1842 Events Manager (214) 692-3601
Bryan Tony
mebaugh@recouncil.com
Director of Public Policy
Christina Garcia
btony@recouncil.com
(214) 220-1844 Executive Assistant/Board Relations (214) 580-1671
Nebiat Wodere
cgarcia@recouncil.com
Database/Financial Manager (214) 580-1674
Kawanise Mims
nwodere@recouncil.com
TREC Community Fund Associate (214) 692-3604
Mekdes Yae
kmims@recouncil.com
Accounting Manager (214) 580-1678
Maggie Parker Director of TREC Community Fund (214) 692-3607 mparker@recouncil.com Cale Peterson Leadership & Programs Associate (214) 220-1843 cpeterson@recouncil.com
myohannes@recouncil.com