Civic Intelligence

Greater Fort Worth Real Estate Council

EIN 20-2197498 • 501(c)6 • Fort Worth, TX

Profile

The real estate council of greater fort worth is a unified voice for the commercial real estate industry, influencing action and supporting change to accomplish long-term job growth and enhance the quality of life in the greater fort worth area.

PO Box 470474Fort Worth, TX 76147

www.recouncilgfw.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.16x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.09x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Net Margin

44th percentile

1.8%

Higher net margin than 44% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

85th percentile

$142,720

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 19.9% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2025

Asset Growth

17th percentile

-13%

Faster asset growth than 17% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

29%

Faster revenue growth than 84% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$458,791

Up $122,154 (+36%) from 2023

Liabilities

Up

$49,990

Up $30,847 (+161%) from 2023

Net Assets

Up

$408,801

Up $91,307 (+29%) from 2023

Revenue

Up

$559,249

Up $74,552 (+15%) from 2023

Expenses

Down

$473,735

Down $10,607 (-2.2%) from 2023

Net Income

Up

$85,514

Up $85,159 (+23988%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $153,570Liabilities 2011: $0Net Assets 2011: $153,5702011Assets 2012: $159,550Liabilities 2012: $1,500Net Assets 2012: $158,0502012Assets 2013: $184,900Liabilities 2013: $5,925Net Assets 2013: $178,9752013Assets 2014: $168,309Liabilities 2014: $47,449Net Assets 2014: $120,8602014Assets 2015: $252,939Liabilities 2015: $30,777Net Assets 2015: $222,1622015Assets 2016: $339,296Liabilities 2016: $69,264Net Assets 2016: $270,0322016Assets 2017: $414,785Liabilities 2017: $88,284Net Assets 2017: $326,5012017Assets 2018: $376,466Liabilities 2018: $88,364Net Assets 2018: $288,1022018Assets 2019: $295,195Liabilities 2019: $27,412Net Assets 2019: $267,7832019Assets 2020: $311,427Liabilities 2020: $4,973Net Assets 2020: $306,4542020Assets 2021: $395,632Liabilities 2021: $29,506Net Assets 2021: $366,1262021Assets 2022: $410,331Liabilities 2022: $70,923Net Assets 2022: $339,4082022Assets 2023: $336,637Liabilities 2023: $19,143Net Assets 2023: $317,4942023Assets 2024: $458,791Liabilities 2024: $49,990Net Assets 2024: $408,8012024

Highlighted filing

2024

Assets$458,791
Liabilities$49,990
Net Assets$408,801

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $270,491Expenses 2011: $240,372Net Income 2011: $30,1192011Expenses 2012: $173,5102012Revenue 2013: $332,817Expenses 2013: $311,892Net Income 2013: $20,9252013Revenue 2014: $131,037Expenses 2014: $189,152Net Income 2014: -$58,1152014Revenue 2015: $430,371Expenses 2015: $282,873Net Income 2015: $147,4982015Revenue 2016: $343,213Expenses 2016: $295,343Net Income 2016: $47,8702016Revenue 2017: $366,724Expenses 2017: $310,255Net Income 2017: $56,4692017Revenue 2018: $337,924Expenses 2018: $376,323Net Income 2018: -$38,3992018Revenue 2019: $378,433Expenses 2019: $398,752Net Income 2019: -$20,3192019Revenue 2020: $340,464Expenses 2020: $303,537Net Income 2020: $36,9272020Revenue 2021: $352,506Expenses 2021: $292,834Net Income 2021: $59,6722021Revenue 2022: $411,364Expenses 2022: $438,082Net Income 2022: -$26,7182022Revenue 2023: $484,697Expenses 2023: $484,342Net Income 2023: $3552023Revenue 2024: $559,249Expenses 2024: $473,735Net Income 2024: $85,5142024

Highlighted filing

2024

Revenue$559,249
Expenses$473,735
Net Income$85,514

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$0.50$4.09$5.59$4.74$0.86
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.19$3.17$4.85$4.84$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.10$0.71$3.39$4.11$4.38$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.30$3.66$3.53$2.93$0.60
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.05$3.06$3.40$3.04$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.95$0.27$2.68$3.78$3.99$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.76$0.88$2.88$3.38$3.76$0.38
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.15$0.88$3.27$3.67$3.10$0.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.69$2.70$3.43$2.95$0.48
2015Summary only. Only limited summary data is available for this year.$2.53$0.31$2.22$4.30$2.83$1.47
2014Summary only. Only limited summary data is available for this year.$1.68$0.47$1.21$1.31$1.89$0.58
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.06$1.79$3.33$3.12$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.02$1.58$1.74
2011Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$2.70$2.40$0.30
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Apr 2, 2021
Return Version
2019v5.2
Gross Receipts
$386,400
Mission and Program Overview

Mission

The real estate council of greater fort worth (rec of gfw) is the unified voice for the commercial real estate industry - influencing action and supporting change to accomplish long-term job growth and an enhanced quality of life in our region.

A unified voice for the commercial real estate industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$267,783$306,454▲ $38,671
Savings and Temporary Cash Investments$206,598$250,381▲ $43,783
Cash and Non-Interest-Bearing Accounts$63,606$55,691▼ $7,915
Accounts Receivable$24,991$5,355▼ $19,636
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$295,195$311,427▲ $16,232
Liabilities
Deferred Revenue$14,153$4,174▼ $9,979
Accounts Payable and Accrued Expenses$13,259$799▼ $12,460
Total Liabilities$27,412$4,973▼ $22,439
Net Assets / Fund Balance
Total Net Assets Fund Balance$267,783$306,454▲ $38,671
Total Liabilities and Net Assets / Fund Balance$295,195$311,427▲ $16,232
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Quindigo ManagementManagement ServicesPO BOX 470474, Fort Worth, TX 76147$119,977
Revenue and Support

Revenue Composition

Contributions and Grants
$3,450
Program Service Revenue
$313,195
Investment Income
$1,080
Other Revenue
$22,739
All Other Contributions
$3,450
Change in Net Assets
$36,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,013
Grants and Similar Amounts Paid$48,524
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$115,583
Conferences and Meetings---$56,047
Grants to Domestic Orgs---$48,524
Fees for Services Other---$36,010
Information Technology---$8,017
Insurance---$5,173
Office Expenses---$3,306
Fees for Services Accounting---$2,408
Other Expenses---$500
Total Functional Expenses$0$0$0$303,537
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tarrant Transit AllianceFort Worth, TX501(c)(6)Operational Support$25,000
Read Fort WorthFort Worth, TX501(c)(3)Support for Fwisd Bond Passing$11,024
News Tribune DigitalFort Worth, TX501(c)(3)Seed Funds$5,000
Texas Economic Development CorporationAustin, TX501(c)(3)Support for Tedc and Bringing Business to Fort Worth$5,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,675
Fundraising Direct Expenses$45,936
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cowtown Poker Run$68,675$68,675$4,686$63,989
Total Events$68,675$68,675$45,936$22,739
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Quindigo management, inc. Is the contract administrator for the greater fort worth real estate council. It's president, karen vermaire fox, acts as executive director and other quindigo employees handle membership, bookeeping, the young leaders program and p/r-marketing. Quindigo is paid a monthly fee for these services. The council paid quindigo management, inc. Fees totaling $ 115,583 in the year ending may 31, 2020.

Form 990, Part VI, Section A, Line 8B

None of the committees have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 is submitted to the chairman and the treasurer for review upon completion. Once approved, a copy is sent to each member of the board prior to filing.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy covers directors, officers, and any employees who can influence the actions of the council. Compliance with the policy is confirmed annually by covered persons and any potential conflicts disclosed are reviewed by the board or a duly constituted committee. The board or the duly constituted committee thereof shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to the council. If there is a conflict, the conflicted person is excluded from any discussions and approval of the related transactions.

Form 990, Part VI, Section C, Line 19

No governing documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Greater Fort Worth Real Estate Council
EIN
20-2197498
Phone
8174801060
Address
PO BOX 470474, FORT WORTH, TX 76147
Doing Business As
Real Estate Council of Greater Fort Worth

Signing Officer

Name
James Hill
Title
Treasurer
Phone
8174801060
Signed
2021-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Barr
Formed
2005
Legal Domicile
TX
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
23

Preparer

Firm
Cliftonlarsonallen Llp
Address
801 CHERRY ST SUITE 1400, FORT WORTH, TX 76102
Preparer
Rosalinda Marikar CPA
Phone
8178775000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to covid-19, events hosted in the second half of the fiscal year were canceled. The annual meeting and the golf tournament were cancelled as well as all in person meetings.

Form 990, Part IX, Line 11G

PUBLIC RELATIONS 36,010.

Raw XML AppendixShowing 400 of 506 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0A UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY.
IRS990/AllOtherContributionsAmt03450
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IRS990/ConservationEasementsInd00
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IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0NETWORKING AND EDUCATIONAL EVENTS REACHING OVER 600 PEOPLE ANNUALLY WITH INFORMATION ABOUT THE FUTURE OF THE INDUSTRY, NETWORKING OPPORTUNITIES, AND CHANCES FOR MEMBERS TO HELP EFFECT POSITIVE CHANGE WHILE HONORING THE YEAR'S ACCOMPLISHMENTS.
IRS990/DescribedInSection501c3Ind00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingGrossIncomeAmt068675
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToDomesticOrgsGrp/TotalAmt048524
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0386400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt08017
IRS990/InsuranceGrp/TotalAmt05173
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01080
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE REAL ESTATE COUNCIL OF GREATER FORT WORTH IS A UNIFIED VOICE FOR THE COMMERCIAL REAL ESTATE INDUSTRY, INFLUENCING ACTION AND SUPPORTING CHANGE TO ACCOMPLISH LONG-TERM JOB GROWTH AND ENHANCE THE QUALITY OF LIFE IN THE GREATER FORT WORTH AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0306454
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt03306
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM ACTIVITIES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP
IRS990/OtherExpensesGrp/Desc3SPONSORSHIPS
IRS990/OtherExpensesGrp/TotalAmt017967
IRS990/OtherExpensesGrp/TotalAmt17722
IRS990/OtherExpensesGrp/TotalAmt22280
IRS990/OtherExpensesGrp/TotalAmt3500
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KENNETH BARR
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IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/BusinessCd3611430
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IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1FORECAST
IRS990/ProgramServiceRevenueGrp/Desc2YOUNG LEADERS COUNCIL
IRS990/ProgramServiceRevenueGrp/Desc3ANNUAL MEETING
IRS990/ProgramServiceRevenueGrp/Desc4PROGRAM ACTIVITIES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt188525
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt45345
IRS990/ProgSrvcAccomActy2Grp/Desc0THE YOUNG LEADERS COUNCIL GATHERS YOUNG COMMERCIAL REAL ESTATE PROFESSIONALS TO INCREASE NETWORKING, PROVIDES MENTORING OPPORTUNITIES FROM SOME OF THE BEST-KNOWN AND MOST EXPERIENCED LEADERS ON THE FOREFRONT OF TARRANT COUNTY REAL ESTATE, PROVIDES EDUCATIONAL OPPORTUNITIES, AND ASSISTS THE REAL ESTATE COUNCIL WITH COMMUNITY OUTREACH.
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt111024
IRS990ScheduleI/RecipientTable/CashGrantAmt25000
IRS990ScheduleI/RecipientTable/CashGrantAmt35000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(6)
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IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SUPPORT FOR FWISD BOND PASSING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT FOR TEDC AND BRINGING BUSINESS TO FORT WORTH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SEED FUNDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TARRANT TRANSIT ALLIANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1READ FORT WORTH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TEXAS ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NEWS TRIBUNE DIGITAL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 470474
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11500 NORTH MAIN STREET SUITE 105
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 684702
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31300 SUMMIT AVENUE SUITE 725

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