2019-05-14T14:16:18-05:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2018-01-01 364470215 RESIDENTIAL REAL ESTATE COUNCIL RESI 3123214400 430 N MICHIGAN AVE STE 300 CHICAGO IL 60611 KEITH TRISTANO CFO 3123214400 2019-05-10 1 MELISSA STRUCK P01310867 6305738600 2019-05-10 67.137.57.251 2019-05-10 16:10:19 CD P 2EEED599B99E77CDBDF45BEBFA9D7EF6A807E359 B78854EE20A5AAAEA57700933C1E697C4E2B71FA 2018 2019-02-21 02:37:17Z KEITH TRISTANO 430 N MICHIGAN AVE STE 300 CHICAGO IL 60611 16026005 0 X WWW.CRS.COM X 1976 IL THE RESIDENTIAL REAL ESTATE COUNCIL'S (RRC) MISSION IS TO TRAIN AND EMPOWER ETHICAL, EFFICIENT, AND SUCCESSFUL REAL ESTATE PROFESSIONALS. RRC PROVIDES ITS MEMBERS WITH A STRONG REFERRAL NETWORK OF MORE THAN 30,000 MEMBERS. 9 9 46 296 570352 127421 2138 0 9096491 8515709 966841 1260392 46495 60393 10111965 9836494 55921 0 0 0 4078502 4216702 0 0 0 5492039 5446997 9626462 9663699 485503 172795 21068604 19110452 4817045 5237080 16251559 13873372 X THE RESIDENTIAL REAL ESTATE COUNCIL'S (RRC) MISSION IS TO TRAIN AND EMPOWER ETHICAL, EFFICIENT, AND SUCCESSFUL REAL ESTATE PROFESSIONALS. RRC PROVIDES ITS MEMBERS WITH A STRONG REFERRAL NETWORK OF MORE THAN 30,000 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 2018, RRC HELD 214 COURSES WITH 6,221 PROFESSIONALS IN ATTENDANCE. ADDITIONALLY, THERE WERE 26,519 REGISTRATIONS FOR LIVE CRS WEBINARS OF THOSE, 20,615 LIVE WEBINAR REGISTRATIONS WERE COMPLIMENTARY. FURTHERMORE, THERE WERE 4,771 RECORDED WEBINARS TAKEN OF THOSE, 3,777 WERE COMPLIMENTARY. 4,171 ELEARNING REGISTRATIONS WERE ALSO PROVIDED. RRC OFFERS REVIEWS OF PRODUCTS, SERVICES, AND TOOLS TO RRC MEMBERS AND STUDENTS THAT HAVE PASSED RIGOROUS REVIEWS CONDUCTED BY RRC'S PRODUCT REVIEW PANEL. 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 COMPETITION, AND PROMOTE THE RRC DESIGNATION AND EDUCATION. 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 1 0 0 0 0 0 0 0 0 0 0 1 42 0 46 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 GARY WILLIAMS PRESIDENT 3.50 X X 7500 0 0 MICHAEL BURKHARD PRESIDENT-ELECT 3.50 X X 2500 0 0 RICHARD WAYSTACK FIRST VICE PRESIDENT 3.50 X X 0 0 0 LEIGH BROWN IMMEDIATE PAST PRESIDENT 3.50 X X 0 0 0 STEPHEN STEWART AT-LARGE DIRECTOR 0.50 X 0 0 0 VINNIE TRACEY OUTSIDE DIRECTOR 0.50 X 1000 0 0 SHAWN CUNNINGHAM AT-LARGE DIRECTOR 0.50 X 0 0 0 YOLANDA LOWE AT-LARGE DIRECTOR 0.50 X 0 0 0 JENNIFER WARD AT-LARGE DIRECTOR 0.50 X 0 0 0 LANA VUKOVLJAK CEO 35.00 X 407511 0 43601 KEITH TRISTANO CFO 35.00 X 224566 0 33888 ANTHONY PRIORE CHIEF MARKETING OFFICER 35.00 X 171414 0 27888 PETER GLOWACKI CHIEF LEARNING OFFICER 35.00 X 190372 0 31535 COLLEEN MCMAHON CHIEF ADMINISTRATIVE OFFIC 35.00 X 149183 0 27610 BOB NITEKMAN DIRETOR OF IT 35.00 X 122045 0 23728 LARRY WAN CONTROLLER 35.00 X 125374 0 26108 ERNEST BROWN DIRECTOR OF INSTRUCTIONAL DESIGN & DIGITAL CONTENT 35.00 X 110416 0 24890 1511881 0 239248 8 0 1 0 GNP MANAGEMENT GROUP LLC 430 N MICHIGAN AVE 200 CHICAGO IL 60611 RENT 344663 APTIFY INC 7900 WESTPARK DRIVE MC LEAN VA 22102 IT SERVICES 177735 LEIGH THOMAS BROWN INC PO BOX 396 HARRISBURG NC 28075 CONSULTING 100515 3 MEMBERSHIP DUES 900099 5525045 5525045 EDUCATION COURSES AND MEETINGS 900099 1664786 1664786 ADVERTISING AND SUBSCRIPTIONS 541800 1192566 622214 570352 SPONSORSHIP REVENUE 900099 133312 133312 8515709 914859 914859 25303 25303 6535044 6189511 345533 345533 345533 MISCELLANEOUS INCOME 900099 35090 35090 35090 9836494 7980447 570352 1285695 X 1138756 2370248 110914 355691 241093 28000 21629 78421 1055732 223209 1053217 319242 624137 702478 706191 4149 225763 MAINTENANCE AND REPAIRS 103879 TAXES 64571 236379 9663699 2592199 2922697 370961 1877992 321146 126232 368357 342196 1511614 1039181 671000 472433 16726563 13338483 18378 30419 21068604 19110452 840442 759879 3948091 3953962 500000 28512 23239 4817045 5237080 X 16251559 13873372 16251559 13873372 21068604 19110452 172795 -2550982 0 X X 0 1 X 1 0 0 1 0 165079 165079 0 920177 549254 370923 426358 324848 101510 472433 DEFERRED RENT OBLIGATION AND LEASE INCENTIVE 23239 23239 X 7207091 -2550982 -2550982 9758073 78421 78421 9836494 9585278 0 9585278 78421 78421 9663699 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, 2018. X X 0 1 X X X 0 0 0 LANA VUKOVLJAK CEO 363825 0 25000 0 18686 0 27212 0 16389 0 451112 0 0 0 KEITH TRISTANO CFO 194674 0 18719 0 11173 0 19224 0 14664 0 258454 0 0 0 ANTHONY PRIORE CHIEF MARKETING OFFICER 148971 0 16954 0 5489 0 13224 0 14664 0 199302 0 0 0 PETER GLOWACKI CHIEF LEARNING OFFICER 168714 0 15450 0 6208 0 16871 0 14664 0 221907 0 0 0 COLLEEN MCMAHON CHIEF ADMINISTRATIVE OFFIC 129456 0 12448 0 7279 0 12946 0 14664 0 176793 0 0 0 LARRY WAN CONTROLLER 114435 0 6823 0 4116 0 11444 0 14664 0 151482 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. LEIGH BROWN LEIGH BROWN IS A BOARD MEMBER OF THE ORGANIZATION 100515 LEIGH THOMAS BROWN, INC. PROVIDED CONSULTING SERVICES TO THE ORGANIZATION DURING 2018. 0 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, ALL OF WHOM SERVE A THREE YEAR STAGGERED TERM, ONE AT-LARGE MEMBER SERVING A ONE-YEAR TERM, AND ONE OUTSIDE VOTING MEMBER SERVING A ONE YEAR TERM. 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 OCTOBER 31, 2018 AND COVERED THE PERIOD FROM NOVEMBER 1, 2017 TO OCTOBER 31, 2018. 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 117,018. SPEAKER FEES 470,324. CONTRACTORS 99,355. CONSULTANTS 369,035. 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.