Association Of Commercial Real Estate Professionals
- Assets
- $232.5k
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 75-2224003
Organization Overview
Association Of Commercial Real Estate Professionals is located in Houston, TX. The organization was established in 1987. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Commercial Real Estate Professionals is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Association Of Commercial Real Estate Professionals generated $235.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $181.2k during the year ending 12/2022. While expenses have increased by 19.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Association Of Commercial Real Estate Professionals has awarded 11 individual grants totaling $115,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE INCLUDES ESTABLISHING BUSINESS RELATIONSHIPS AMONG MEMBERS, ENHANCING KNOWLEDGE OF COMMERICAL REAL ESTATE AND PROMOTING GOOD STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORED A GOLF TOURNAMENT IN 2022 TO PROVIDE NETWORKING OPPORTUNITIES FOR OUR MEMBERS AND THEIR CLIENTS.
THE ORGANIZATION SPONSORED A FISHING TOURNAMENT IN 2022 TO PROVIDE NETWORKING OPPORTUNITIES FOR OUR MEMBERS AND THEIR CLIENTS.
DURING 2022 THE ORGANIZATION HELD MONTHLY MEETINGS WHICH PROVIDED MEMBERS WITH EDUCATIONAL CONTENT AS WELL AS AN OPPORTUNITY FOR NETWORKING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Braul Treasurer | OfficerTrustee | 5 | $0 |
Troy Cook President-Elect | Trustee | 5 | $0 |
Katye Miller Secretary | OfficerTrustee | 5 | $0 |
Tyler Ray Past President | Trustee | 5 | $0 |
Marlene Hay Membership/sponsorship Direct | Trustee | 5 | $0 |
Chris Heath President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,495 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,495 |
| Total Program Service Revenue | $51,900 |
| Investment income | $400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $146,187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,878 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,516 |
| Advertising and promotion | $0 |
| Office expenses | $1,328 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,042 |
| All other expenses | $0 |
| Total functional expenses | $181,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,510 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $232,510 |
| Total liabilities and net assets/fund balances | $232,510 |
Grants Awarded
Over the last fiscal year, Association Of Commercial Real Estate Professionals has awarded $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GALVESTON BAY FOUNDATION PURPOSE: General Support | $10,000 |
TEXAS A&M FOUNDATION PURPOSE: General Support | $15,000 |
MS SOCIETY PURPOSE: General Support | $10,000 |