2023-10-26T07:39:51-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 364470215 RESIDENTIAL REAL ESTATE COUNCIL RESI 3123214400 430 N MICHIGAN AVE 4TH FLOOR CHICAGO IL 60611 KEITH TRISTANO CFO 3123214400 2023-10-24 1 KEITH TRISTANO 999009999 1 THURE ROSS CPA P00577278 6305738600 2023-10-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KEITH TRISTANO 430 N MICHIGAN AVE 4TH FLOOR CHICAGO IL 60611 17437210 0 X WWW.CRS.COM X 1976 IL THE RESIDENTIAL REAL ESTATE COUNCIL'S (RRC) MISSION IS TO EMPOWER REAL ESTATE PROFESSIONALS TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION, NETWORKING, REFERRALS, AND BUSINESS RESOURCES. RRC PROVIDES ITS MEMBERS WITH A STRONG REFERRAL NETWORK OF ALMOST 28,000 MEMBERS. 9 8 37 402 380481 67695 617500 0 7064119 7294990 3452819 -389366 35488 42731 11169926 6948355 0 0 0 0 3692666 3683486 0 0 0 4880058 5659535 8572724 9343021 2597202 -2394666 27056402 21354612 6518358 6906763 20538044 14447849 X THE RESIDENTIAL REAL ESTATE COUNCIL'S (RRC) MISSION IS TO EMPOWER REAL ESTATE PROFESSIONALS TO REACH THEIR FULL POTENTIAL THROUGH EDUCATION, NETWORKING, REFERRALS, AND BUSINESS RESOURCES. RRC PROVIDES ITS MEMBERS WITH A STRONG REFERRAL NETWORK OF ALMOST 28,000 MEMBERS. 0 0 RRC PROVIDES MEMBERS WITH MANY BENEFITS INCLUDING THE CRS DESIGNATION, WHICH IS THE HIGHEST PROFESSIONAL DESIGNATION AWARDED TO REALTORS IN THE RESIDENTIAL SALES FIELD. THE DESIGNATION IS ACHIEVED BY BOTH EXPERIENCE AND EDUCATIONAL COURSES OFFERED OR APPROVED BY RRC. OTHER MEMBER BENEFITS INCLUDE ACCESS TO AND INCLUSION IN THE RRC MEMBERSHIP REFERRAL DIRECTORY INCLUDING ACCESS AND A PROFILE LISTING ON CRS.COM, THE ORGANIZATION'S WEBSITE, WHERE MEMBERS SHARE IDEAS AND FIND SOLUTIONS.ADDITIONALLY, THE RESIDENTIAL SPECIALIST MAGAZINE HELPS MEMBERS STAY ON TOP OF THE PROFESSION BY PROVIDING NEWS AND INDUSTRY TRENDS, AS WELL AS FEATURES ABOUT THE LATEST TECHNOLOGY TOOLS, MARKETING STRATEGIES AND BUSINESS BUILDING IDEAS. RRC CONDUCTS THREE MAJOR MEETINGS (SELL-A-BRATION, MIDYEAR MEETING, ANNUAL REALTORS CONFERENCE, AND EXPO) TO PROVIDE MEMBERS WITH NETWORKING OPPORTUNITIES, EDUCATIONAL WORKSHOPS, AND INDUSTRY INFORMATION. RRC DEVELOPS, APPROVES AND SUPPORTS EDUCATIONAL OFFERINGS THAT TEACH REAL ESTATE BEST PRACTICES TO RESIDENTIAL REAL ESTATE AGENTS, INCREASING THEIR PRODUCTIVITY, AND ULTIMATELY IMPROVING THE QUALITY OF SERVICE TO HOME BUYERS AND SELLERS. ALL EDUCATIONAL OFFERINGS EARN CRS DESIGNATION CREDIT. IN 2022, RRC HELD 140 COURSES WITH 3,161 PROFESSIONALS IN ATTENDANCE. ADDITIONALLY, THERE WERE 15,437 REGISTRATIONS FOR LIVE RRC WEBINARS OF THOSE, 13,542 LIVE WEBINARS REGISTRATIONS WERE COMPLEMENTARY. FURTHERMORE, THERE WERE 3,810 RECORDED WEBINARS TAKEN OF THOSE, 2,992 WERE COMPLEMENTARY. 4,183 E-LEARNING REGISTRATIONS WERE ALSO PROVIDED. RRC PARTNERS WITH INDUSTRY LEADERS TO BRING BEST IN CLASS PRODUCTS, SERVICES, AND TOOLS TO ITS' MEMBERS. THESE PRODUCTS, SERVICES AND TOOLS ARE SELECTED TO HELP RRC MEMBERS AND STUDENTS INCREASE THEIR SALES, IMPROVE THEIR QUALITY OF SERVICE TO HOME BUYERS AND SELLERS, GAIN AN EDGE OVER THE COMPETITION, AND FURTHER PROMOTE THE CRS DESIGNATION AND RRC EDUCATION AND CERTIFICATIONS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 37 1 1 1 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X RRC-JEFF HORNBERGER CEO 3123214444 430 N MICHIGAN AVE CHICAGO IL 60611 HOLLI WOODWARD PRESIDENT 3.50 X X 40000 0 0 PAM RUGGEROLI SECRETARY 3.50 X X 10000 0 0 TRICIA NEKOTA TREASURER 3.50 X X 0 0 0 ALEX MILSHTEYN IMMEDIATE PAST PRESIDENT 3.50 X X 0 0 0 SANDY MCRAE AT-LARGE DIRECTOR 0.50 X 0 0 0 JOHN YOUNG AT-LARGE DIRECTOR 0.50 X 0 0 0 KURT THOMPSON AT-LARGE DIRECTOR 0.50 X 0 0 0 ADDIE OWENS AT-LARGE DIRECTOR 0.50 X 0 0 0 BRUCE MYERS AT-LARGE DIRECTOR 0.50 X 0 0 0 JEFF HORNBERGER CEO SINCE 11/01/2022 35.00 X 62738 0 23724 LANA VUKOVLJAK CEO UNTIL 5/31/22 35.00 X 179068 0 44289 KEITH TRISTANO CFO 35.00 X 318100 0 45997 PETER GLOWACKI CHIEF LEARNING OFFICER 35.00 X 146409 0 28890 COLLEEN MCMAHON CHIEF MEMBER & VOLUNTEER OFFI CER 35.00 X 149390 0 29187 LISA MARSHALL CHIEF MARKETING OFFICER 35.00 X 183802 0 32643 BOB NITEKMAN VICE PRESIDENT OF IT 35.00 X 137901 0 28041 1227408 0 232771 6 0 1 0 GLC CUSTOM MEDIA 9855 WOODS DR SUITE 105 SKOKIE IL 60077 CREATIVE SERVICES 501101 APTIFY INC 7900 WESTPARK DR SUITE A525 MC LEAN VA 22102 CONSULT ON ASSOCIATION MANAGEMENT SYSTEM 214763 ARIZONA GRAND RESORT LLC PO BOX 846614 LOS ANGELES CA 90084 HOSPITALITY AND LODGING 189524 AGS PRINT & MARKETING COMMUNICATIONS 35 W WACKER DRIVE CHICAGO IL 60601 PRINTING 169832 HILTON ORLANDO CONVENTION CENTER 6001 DESTINATION PKWY ORLANDO FL 32819 HOSPITALITY AND LODGING 161693 7 MEMBERSHIP DUES 900099 4551403 4551403 EDUCATION COURSES AND MEETINGS 900099 1622205 1622205 ADVERTISING AND SUBSCRIPTIONS 541800 1056891 676410 380481 SPONSORSHIP REVENUE 900099 64491 64491 7294990 408824 408824 12600 12600 9690665 10488855 -798190 -798190 -798190 MISCELLANEOUS INCOME 900099 30131 30131 30131 6948355 6944640 380481 -376766 849215 2263557 76866 295982 197866 37733 122387 108629 932459 127825 891825 415021 593289 704263 717254 42829 396822 MAINTENANCE AND REPAIRS 215206 CREDIT CARD FEES 139536 TAXES 56172 158285 9343021 1623417 1624114 295722 630710 121751 114629 438403 361167 2245551 1085363 1520667 1160188 23040193 16189061 16249 1274743 27056402 21354612 610727 812311 4074257 3616059 1000000 509907 833374 1968486 6518358 6906763 X 20538044 14447849 20538044 14447849 27056402 21354612 -2394666 -3695529 0 X X 0 1 X 1 0 0 1 0 1196079 253145 942934 695216 695216 0 354256 137002 217254 1160188 ACCRUED INTEREST 38868 RIGHT OF USE LEASE ASSET 1235875 1274743 LEASE LIABILITY 1968486 1968486 X 3144197 -3695529 -3695529 6839726 108629 108629 6948355 9234392 0 9234392 108629 108629 9343021 PART X, LINE 2: RRC HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. RRC DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2022. 1 X X X X 0 0 0 KEITH TRISTANO CFO 317197 0 0 0 903 0 31720 0 14277 0 364097 0 0 0 LANA VUKOVLJAK CEO UNTIL 5/31/22 178068 0 0 0 1000 0 28332 0 15957 0 223357 0 0 0 LISA MARSHALL CHIEF MARKETING OFFICER 183662 0 0 0 140 0 18366 0 14277 0 216445 0 0 0 COLLEEN MCMAHON CHIEF MEMBER & VOLUNTEER OFFI CER 149099 0 0 0 291 0 14910 0 14277 0 178577 0 0 0 PETER GLOWACKI CHIEF LEARNING OFFICER 146127 0 0 0 282 0 14613 0 14277 0 175299 0 0 0 BOB NITEKMAN VICE PRESIDENT OF IT 137642 0 0 0 259 0 13764 0 14277 0 165942 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL CONSIST OF THE PRESIDENT, PRESIDENT ELECT, FIRST VICE PRESIDENT, IMMEDIATE PAST RESIDENT, THREE AT-LARGE MEMBERS. AT-LARGE BOARD OF DIRECTORS SHALL BE ELECTED BY MEMBERSHIP AND SHALL SERVE A TWO (2) YEAR TERM. THE MEMBERSHIP VOTE WILL BE HELD ANNUALLY IN MAY WITH THE VOTES TO BE CAST ELECTRONICALLY. THE OPEN POSITIONS FOR THE AT-LARGE BOARD OF DIRECTORS WILL BE FILLED BY THE CANDIDATES RECEIVING THE MOST VOTES. ALL TIES WILL BE BROKEN BY LOT. THE BOARD OF DIRECTORS SHALL ELECT ONE OUTSIDE BOARD OF DIRECTOR EVERY OTHER YEAR TO SERVE A TWO (2) YEAR TERM. THE ELECTIONS ARE SUBJECT TO REVIEW AND APPROVAL AS TO REGULARITY BY THE BOARD OF DIRECTORS. THE TERM SHALL BEGIN ON THE FIRST DAY OF THE CALENDAR YEAR FOLLOWING THE MEETING OR VOTE AT WHICH THE DIRECTOR WAS ELECTED AND END ON THE LAST DAY OF THE CALENDAR YEAR OR UNTIL THE POSITION IS FILLED. THE RRC REPRESENTATIVE ON NAR'S EXECUTIVE COMMITTEE SERVES AS AN EX-OFFICIO, VOTING MEMBER. IN ADDITION, THE CHIEF EXECUTIVE OFFICER SERVES AS AN EX-OFFICIO, NON-VOTING MEMBER. WITH THE EXCEPTION OF THE CHIEF EXECUTIVE OFFICER, EMPLOYEES OF THE ORGANIZATION MAY NOT SERVE AS MEMBERS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE ENTIRE BOARD OF DIRECTORS AND THE CEO BEFORE IT IS FILED WITH THE IRS. THE RETURN IS SIGNED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE ORGANIZATION'S OFFICERS AND GOVERNING BOARD (INTERESTED PERSONS) ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EXIST WITH THE ORGANIZATION. AS OUTLINED IN THE POLICY, INTERESTED PERSONS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST OR IF HE OR SHE MAY STAND TO DIRECTLY OR INDIRECTLY BENEFIT FROM A TRANSACTION COMPLETED OR DECISION MADE BY THE ORGANIZATION. COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE ORGANIZATION TO DETERMINE IF AN ACTUAL CONFLICT EXISTS. IF IT IS DETERMINED AN ACTUAL CONFLICT EXISTS, THE PERSON WITH A CONFLICT IS REQUIRED TO REFRAIN FROM VOTING OR OTHERWISE INFLUENCE THE DECISION ON A MATTER OR TRANSACTION FOR WHICH A CONFLICT EXISTS. MINUTES OF APPROPRIATE MEETINGS SHALL REFLECT THAT SUCH DISCLOSURE WAS MADE AND THAT SUCH PERSON REMOVED HIM OR HERSELF FROM THE DISCUSSION OR PROS AND CONS AND THE VOTE ON THE MATTER WITH A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS DETERMINED BY A FOUR MEMBER PERSONNEL PRACTICES COMMITTEE, WHICH INCLUDES THE PRESIDENT AND PRESIDENT-ELECT OF THE BOARD, USING COMPARABILITY DATA FROM OTHER SIMILAR ORGANIZATIONS. EACH YEAR THERE IS A PERFORMANCE EVALUATION WHICH INCLUDES A DISCUSSION OF THE UPCOMING YEAR'S GOALS AND OBJECTIVES (DETERMINED BY THE CEO AND THE EVALUATION TEAM) AND ANY CHANGES IN PAY (INCLUDING BONUSES AND MERIT INCREASES). THE CEO DOES NOT TAKE PART IN ANY DISCUSSION OR VOTING REGARDING THEIR OWN COMPENSATION. AT THE COMPLETION OF THE FORMAL EVALUATION, THE EVALUATION DOCUMENT IS SIGNED, DATED, AND GIVEN TO THE CHIEF FINANCIAL OFFICER AS AUTHORIZATION AND DOCUMENTATION TO PROCESS THE APPROPRIATE PAPERWORK. THERE WAS NO CEO PERFORMANCE EVALUATION IN 2022. THE FORMER CEO'S CONTRACT WAS NOT RENEWED AND A SEARCH FOR A NEW CEO WAS CONDUCTED. THE NEW CEO, JEFF HORNBERGER, WAS HIRED ON 11/1/2022. OTHER KEY EMPLOYEES ARE EVALUATED BY THEIR SUPERVISORS UNDER RRC'S EMPLOYEE PERFORMANCE EVALUATION PROGRAM. COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE ON A CASE BY CASE BASIS AS APPROPRIATE. FORM 990, PART VI, SECTION A., LINE 6 RRC'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED IN PART VI, LINE 6 OF THE 990 INSTRUCTIONS. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE QUESTIONS ON LINES 6- 7B. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ISSUED ON A CONSOLIDATED BASIS WITH THE NATIONAL ASSOCIATION OF REALTORS. NAR'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION ALSO HAD A SEPARATE FINANCIAL STATEMENT AUDIT OF THE ORGANIZATION. THE ORGANIZATION'S FINANCE COMMITTEE IS RESPONSIBLE FOR THE SEPARATE AUDIT.