2021-07-27T15:03:26-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2020-01-01 364470215 RESIDENTIAL REAL ESTATE COUNCIL RESI 3123214400 430 N MICHIGAN AVE STE 300 CHICAGO IL 60611 KEITH TRISTANO CFO 3123214400 2021-07-21 1 KEITH TRISTANO 999009999 MELISSA STRUCK P01310867 6305738600 2021-07-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KEITH TRISTANO 430 N MICHIGAN AVE STE 300 CHICAGO IL 60611 17571234 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 9 42 402 402047 33739 0 0 8085784 7209976 625436 925234 55431 43276 8766651 8178486 0 0 0 0 3848590 3603632 0 0 0 5607078 4197223 9455668 7800855 -689017 377631 21202923 22941926 5561677 5164892 15641246 17777034 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 2020, RRC HELD 120 COURSES WITH 2,839 PROFESSIONALS IN ATTENDANCE. ADDITIONALLY, THERE WERE 25,006 REGISTRATIONS FOR LIVE RRC WEBINARS OF THOSE, 18,625 LIVE WEBINARS REGISTRATIONS WERE COMPLEMENTARY. FURTHERMORE, THERE WERE 12,393 RECORDED WEBINARS TAKEN OF THOSE, 7,970 WERE COMPLEMENTARY. 11,089 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 0 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 38 0 42 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X RRC-LANA VUKOVLJAK CEO 3123214413 430 N MICHIGAN AVE CHICAGO IL 60611 MICHAEL BURKHARD IMMEDIATE PAST PRESIDENT 3.50 X X 0 0 0 RICHARD WAYSTACK PRESIDENT 3.50 X X 7500 0 0 ALEX MILSHTEYN PRESIDENT-ELECT 3.50 X X 2500 0 0 HOLLI WOODWARD 1ST VICE PRESIDENT 3.50 X X 0 0 0 GREG WALDHOUR AT-LARGE DIRECTOR 0.50 X 0 0 0 JENNIFER WARD AT-LARGE DIRECTOR 0.50 X 0 0 0 KIM CAMERON AT-LARGE DIRECTOR 0.50 X 0 0 0 DAN STEWARD AT-LARGE DIRECTOR 0.50 X 0 0 0 MAURA NEILL AT-LARGE DIRECTOR 0.50 X 0 0 0 LANA VUKOVLJAK CEO 35.00 X 403868 0 44155 KEITH TRISTANO CFO 35.00 X 221556 0 36575 PETER GLOWACKI CHIEF LEARNING OFFICER 35.00 X 185931 0 33030 COLLEEN MCMAHON CHIEF ADMINISTRATIVE OFFIC 35.00 X 144469 0 28888 BOB NITEKMAN DIRETOR OF IT 35.00 X 122245 0 26670 LISA MARSHALL VICE PRESIDENT OF ENGAGEMENT 35.00 X 124467 0 26908 CHAD CURRY DIRECTOR OF EDUCATION DEVELOPMENT 35.00 X 115023 0 25970 1327559 0 222196 7 0 1 0 GLC CUSTOM MEDIA 9855 WOODS DR SUITE 105 SKOKIE IL 60077 CREATIVE SERVICES 402425 AGS PRINT AND MARKETING COMMUNICATIONS 7810 SOLUTION CENTER CHICAGO IL 60677 PRINTING 263673 PROFUSIONSYSTEMS INC 1185 SHAWFORD WAY DR ELGIN IL 60120 CONSULTING 204809 PERBYTE INC 25161 W AMBRUST AVE WHEATON IL 60187 CONSULTING 118168 APTIFY INC 7900 WESTPARK DRIVE MC LEAN VA 22102 IT SERVICES 112386 5 MEMBERSHIP DUES 900099 4891067 4891067 EDUCATION COURSES AND MEETINGS 900099 1303461 1303461 ADVERTISING AND SUBSCRIPTIONS 541800 955439 553392 402047 SPONSORSHIP REVENUE 900099 60009 60009 7209976 601737 601737 6962 6962 9716245 9392748 323497 323497 323497 MISCELLANEOUS INCOME 900099 36314 36314 36314 8178486 6844243 402047 932196 X 911523 2087937 126663 276419 201090 36089 10156 87701 932311 189489 847084 507896 552953 223701 341210 11303 145783 CREDIT CARD FEES 137678 MAINTENANCE AND REPAIRS 84096 TAXES 35512 PINS AND PLAQUES 2378 51883 7800855 1950690 1048542 915797 575139 119349 83511 553255 433579 1869790 1337912 330829 531878 17314084 20254947 18919 14330 21202923 22941926 604632 330152 4248728 3949653 650000 800000 58317 85087 5561677 5164892 X 15641246 17777034 15641246 17777034 21202923 22941926 377631 1758157 0 X X 0 1 X 1 0 0 1 0 165079 165079 0 1022068 842779 179289 682643 330054 352589 531878 DEFERRED RENT OBLIGATION AND LEASE INCENTIVE 85087 85087 X 9848942 1758157 1758157 8090785 87701 87701 8178486 7713154 0 7713154 87701 87701 7800855 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, 2020. X X 0 1 X X X 0 0 0 LANA VUKOVLJAK CEO 402482 0 0 0 1386 0 27984 0 16171 0 448023 0 0 0 KEITH TRISTANO CFO 221073 0 0 0 483 0 22107 0 14468 0 258131 0 0 0 PETER GLOWACKI CHIEF LEARNING OFFICER 185616 0 0 0 315 0 18562 0 14468 0 218961 0 0 0 COLLEEN MCMAHON CHIEF ADMINISTRATIVE OFFIC 144197 0 0 0 272 0 14420 0 14468 0 173357 0 0 0 LISA MARSHALL VICE PRESIDENT OF ENGAGEMENT 124400 0 0 0 67 0 12440 0 14468 0 151375 0 0 0 PART I, LINE 1A INCLUDED IN THE CONTRACT FOR THE CEO IS A PROVISION FOR SUBSTANTIATED REIMBURSEMENT FOR HEALTHCARE AND HEALTH SCREENING COSTS. THESE REIMBURSEMENTS ARE TAXABLE AS PART OF THE CEO'S W-2 INCOME. FORM 990, PART VI, SECTION A, LINE 1 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. THE LAST CEO PERFORMANCE EVALUATION TOOK PLACE ON DECEMBER 10, 2020 AND COVERED THE PERIOD FROM NOVEMBER 7, 2019 TO DECEMBER 10, 2020. 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 IX, LINE 11G OTHER 58,546. SPEAKER FEES 230,402. CONTRACTORS 106,398. CONSULTANTS 536,965. 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.