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← PENSION REAL ESTATE ASSOCIATION

Form 990 for tax year 2022

Filed by PENSION REAL ESTATE ASSOCIATION.

Totals

Total revenue
$6,788,570
Total expenses
$6,603,306
Contributions and grants received
$0
Grants paid
$1,138,125
Program service revenue
$6,304,170
Investment income
$67,915
Other revenue
$416,485
Total assets, end of year
$7,541,887
Total liabilities, end of year
$1,941,112
Net assets or fund balances, end of year
$5,600,775
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONFERENCE FEES

    total $4,242,270 · related or exempt $4,242,270

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,061,900 · related or exempt $2,061,900

  • 3 · Investment income

    total $67,915 · excluded $67,915

  • 11a · Other revenue: ADVERTISING INCOME

    total $416,485 · unrelated business $416,485

  • 11e · Other revenue, total

    $416,485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,118,050

  • 2 · Grants to domestic individuals

    total $20,075

  • 5 · Compensation of officers, directors and key employees

    total $604,626

  • 7 · Other salaries and wages

    total $1,201,719

  • 8 · Pension plan contributions

    total $107,211

  • 9 · Other employee benefits

    total $141,880

  • 10 · Payroll taxes

    total $89,508

  • 11b · Fees: legal

    total $25,591

  • 11g · Fees: other

    total $253,089

  • 13 · Office expenses

    total $86,670

  • 16 · Occupancy

    total $107,901

  • 17 · Travel

    total $53,167

  • 19 · Conferences, conventions and meetings

    total $2,663,112

  • 22 · Depreciation, depletion and amortization

    total $6,151

  • 23 · Insurance

    total $33,017

  • 24a · Other expenses: CREDIT CARD FEES

    total $35,729

  • 24b · Other expenses: RESEARCH PROJECTS

    total $35,669

  • 24c · Other expenses: FOUNDATION INITIATIVE

    total $14,072

  • 24d · Other expenses: MAINTENANCE

    total $6,069

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $278,717 · end of year $808,256

  • 2 · Savings and temporary cash investments

    beginning of year $6,286,078 · end of year $6,409,819

  • 4 · Accounts receivable

    beginning of year $61,335 · end of year $70,362

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97,840 · end of year $111,903

  • 10a · Land, buildings and equipment: cost or other basis

    $129,793

  • 10b · Land, buildings and equipment: accumulated depreciation

    $122,518

  • 10c · Land, buildings and equipment, net

    beginning of year $11,735 · end of year $7,275

  • 15 · Other assets

    beginning of year $0 · end of year $134,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $386,666 · end of year $388,008

  • 19 · Deferred revenue

    beginning of year $581,574 · end of year $996,039

  • 25 · Other liabilities

    beginning of year $330,900 · end of year $557,065

  • 27 · Net assets without donor restrictions

    beginning of year $5,436,565 · end of year $5,600,775

Mission and programs · 2022

Mission

PREA'S MISSION IS TO SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT THROUGH THE SPONSORSHIP OF OBJECTIVE FORUMS FOR EDUCATION, RESEARCH INITIATIVES, MEMBERSHIP INTERACTION AND THE EXCHANGE OF INFORMATION.

Activities or mission (Part I)

PREA'S MISSION IS TO SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT THROUGH THE SPONSORSHIP OF OBJECTIVE FORUMS FOR EDUCATION, RESEARCH INITIATIVES, MEMBERSHIP INTERACTIONS AND THE EXCHANGE OF INFORMATION.

  • PROVISION OF EDUCATION TO ITS 700 MEMBERS PRIMARILY THROUGH RESEARCH, PUBLICATIONS, CONFERENCES AND ONLINE RESOURCES.

As filed on the 2022 return.

Listed in Part VII

  • Gail C Haynes

    PRESIDENT

    Total calculated
    $604,626
    From this org
    $495,781
    From related orgs
    $0
    Other
    $108,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,781
    Bonus
    $0
    Other
    $0
    Deferred
    $89,000
    Nontaxable benefits
    $19,845
    Filer's total
    $604,626

  • Gregory H Mackinnnon

    DIRECTOR OF RESEARCH

    Total calculated
    $405,681
    From this org
    $330,486
    From related orgs
    $0
    Other
    $75,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,486
    Bonus
    $30,000
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $44,695
    Filer's total
    $405,681

  • Jack R Nowakowski

    DIRECTOR OF INFORMATION SE

    Total calculated
    $257,899
    From this org
    $231,109
    From related orgs
    $0
    Other
    $26,790
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,109
    Bonus
    $28,000
    Other
    $0
    Deferred
    $23,111
    Nontaxable benefits
    $3,679
    Filer's total
    $257,899

  • Amy Laffargue

    DIRECTOR OF EVENTS

    Total calculated
    $237,500
    From this org
    $190,000
    From related orgs
    $0
    Other
    $47,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $30,000
    Other
    $0
    Deferred
    $47,500
    Nontaxable benefits
    $0
    Filer's total
    $237,500

  • John Stavola

    FINANCIAL CONTROLLER

    Total calculated
    $173,054
    From this org
    $106,500
    From related orgs
    $0
    Other
    $66,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $90,000
    Bonus
    $16,500
    Other
    $0
    Deferred
    $10,650
    Nontaxable benefits
    $55,904
    Filer's total
    $173,054

  • Jared Chase

    STAFF WRITER AND EDITOR

    Total calculated
    $120,920
    From this org
    $101,505
    From related orgs
    $0
    Other
    $19,415
    Hours/week
    40

  • Cathy Marcus

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Manny Casagna

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Gadi Kaufmann

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sally Haskins

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ralph Rosenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sonny Kalsi

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Adam Gallistel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anar Chudgar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Breault

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Merril

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christy Fields

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cia Buckley Marakovits

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Gillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dennis Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dhvani Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Drew Ierardi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lawrence J Hass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Braffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Spencer Haber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Jesuele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Isabel Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Stevens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
GAIL HAYNES AND AMY LAFFARGUE PARTICIPATE IN A 457(F) PLAN.
PART I, LINE 7
BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • PENSION REAL ESTATE FOUNDATION

    $1,000,000

    FOUNDATION INITIATIVE

  • REPORTING STANDARDS

    $75,000

    JOINT INITIATIVE

  • SCHOLARSHIP AMERICAINC

    $23,050

    FUNDING SCHOLARSHIPS

  • REAL ESTATE RESEARCH INSTITUTE

    $10,000

    ANNUAL SUPPORT FOR RESEARCH

  • ROBERT TOIGO FOUNDATION

    $10,000

    ASSIST ORGANIZATION IN FUNDING REAL ESTATE INVESTMENT RESEARCH

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202342729349301034

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