Overview
What is Real Estate Executive Councilinc?
Real Estate Executive Councilinc is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to foster relationships and provide access to valuable information among its members, primarily minority executives in the commercial real estate industry. By doing so, they aim to create opportunities for increased business prospects. The organization operates with a small team of four employees, and they do not offer any public interest legal services. Their single program focuses on promoting the interests of these executives within the real estate sector.
Official website here: www.reec.org
Is Real Estate Executive Councilinc legitimate?
Real Estate Executive Councilinc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Real Estate Executive Councilinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $635,668
For more financial information, click here
Official website here: www.reec.org
What is the mission statement of Real Estate Executive Councilinc?
The Real Estate Executive Councilinc's primary mission is to advocate for the interests of minority executives operating in the commercial real estate industry. They achieve this by facilitating relationship development and providing access to valuable information, which in turn leads to increased business opportunities among members and with majority-owned firms. This organization is not a public interest law firm and has a single program, with no reported donated services or resources utilized for specific program services.
Official website here: www.reec.org
Who is the CEO of Real Estate Executive Councilinc?
Ken Mcintyre is the Ceo of Real Estate Executive Councilinc. The CEO's salary of Real Estate Executive Councilinc is $269,375 and their total compensation is $269,375.
Official website here: www.reec.org
What is the revenue of Real Estate Executive Councilinc?
Real Estate Executive Councilinc's revenue in 2022 was $2,292,647.
Official website here: www.reec.org
Who are the executives of Real Estate Executive Councilinc and what are their salaries?
The average compensation at Real Estate Executive Councilinc during 2022 was $158,917. There are 4 employees at Real Estate Executive Councilinc.
Here are 11 key members and their salaries (Real Estate Executive Councilinc's CEO's salary is $269,375 and their total compensation is $269,375):
- Compensation: $269,375
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Official website here: www.reec.org
Where can I find the form 990 for Real Estate Executive Councilinc?
Real Estate Executive Councilinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reec.org
Learn more at the official website: www.reec.org
Mission Statement of Real Estate Executive Councilinc
The Real Estate Executive Councilinc, as a nonprofit organization, is dedicated to championing the interests of minority executives operating in the commercial real estate sector. Its primary mission is to foster relationships and provide access to valuable information among its members, with the ultimate goal of unlocking increased business opportunities. This is not a public interest law firm, and it operates with a solitary program. The Councilinc's activities do not involve the donation or utilization of services, materials, equipment, or facilities in connection with its specific program services.
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Impact
October, 2024
The Real Estate Executive Council (REEC) plays a significant role in promoting the interests of minority executives within the commercial real estate industry. By fostering relationships and facilitating access to valuable industry information, REEC empowers its members to enhance their business opportunities. This mission not only supports individual growth but also encourages collaboration with majority-owned firms, thereby fostering a more inclusive business environment.
Through networking and resources, REEC helps to break down barriers that often exist for minority executives, creating pathways for professional advancement and engagement in a competitive industry. The organization serves as a vital hub, offering members the tools and connections necessary to thrive in their careers, ultimately contributing to the diversification and vitality of the commercial real estate sector. The impact of REEC resonates throughout the industry, transforming not just individual careers, but also enhancing community improvement initiatives that can arise from a more equitable business landscape.
This information is meant to be a general summary of Real Estate Executive Councilinc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $136
- Program Service Revenue: $1,476,643
- Gross Receipts: $2,292,647
Assets and Liabilities:
- Total Assets: $1,221,672
- Total Liabilities: $42,152
- Net Assets: $1,179,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS AND TUITION
Revenue
$1,291,360
CONVENTION FEES
Revenue
$185,283
Organization Details
Founding Year
2003
Phone
(312) 625-1265Principal Officer
Ken Mcintyre
Main Address
330 N WABASH AVE 23RD FLOOR, CHICAGO, IL, 60611
Website
www.reec.orgNTEE Category
Code: S41 - Community improvement
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