Totals
- Total revenue
- $16,702,315
- Total expenses
- $14,831,689
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $15,462,138
- Investment income
- $717,070
- Other revenue
- $523,107
- Total assets, end of year
- $48,914,872
- Total liabilities, end of year
- $9,301,376
- Net assets or fund balances, end of year
- $39,613,496
- 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: MEMBERSHIP DUES AND ASSESSMENTS
total $14,985,149 · related or exempt $14,985,149
-
2b · Program service revenue: CONTINUING EDUCATION
total $255,346 · excluded $255,346
-
2c · Program service revenue: REGISTRATIONS
total $168,743 · excluded $168,743
-
2d · Program service revenue: TRADE SHOW
total $52,900 · excluded $52,900
-
3 · Investment income
total $784,385 · excluded $784,385
-
7a · Gross sales of assets other than inventory
securities $630,479
-
7b · Less cost or other basis and sales expenses
securities $697,794
-
7c · Gain or loss
securities -$67,315
-
7d · Net gain or loss
total -$67,315 · excluded -$67,315
-
10a · Gross sales of inventory
$289,272
-
10b · Cost of goods sold
$57,437
-
10c · Net income from sales of inventory
total $231,835 · related or exempt $231,835
-
11a · Other revenue: MISCELLANEOUS
total $261,673 · related or exempt $261,673
-
11b · Other revenue: EXHIBITS
total $27,633 · related or exempt $27,633
-
11c · Other revenue: COMMISSIONS
total $1,966 · unrelated business $1,966
-
11e · Other revenue, total
$291,272
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,721,336
-
7 · Other salaries and wages
total $4,168,881
-
8 · Pension plan contributions
total $325,000
-
9 · Other employee benefits
total $898,227
-
10 · Payroll taxes
total $440,073
-
11b · Fees: legal
total $145,812
-
11c · Fees: accounting
total $33,100
-
11g · Fees: other
total $1,527,648
-
12 · Advertising and promotion
total $1,575,474
-
16 · Occupancy
total $563,583
-
17 · Travel
total $821,666
-
19 · Conferences, conventions and meetings
total $802,402
-
22 · Depreciation, depletion and amortization
total $156,285
-
23 · Insurance
total $76,550
-
24a · Other expenses: CONTRACTUAL SERVICES
total $422,403
-
24b · Other expenses: PRINTING AND PUBLICATIO
total $397,890
-
24c · Other expenses: EQUIPMENT RENTAL
total $284,457
-
24d · Other expenses: DISTRIBUTIONS TO LOCALS
total $260,368
-
24e · All other expenses
total $210,534
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,367,751 · end of year $15,764,033
-
2 · Savings and temporary cash investments
beginning of year $378,614 · end of year $272,423
-
4 · Accounts receivable
beginning of year $171,417 · end of year $188,163
-
9 · Prepaid expenses and deferred charges
beginning of year $449,681 · end of year $411,150
-
10a · Land, buildings and equipment: cost or other basis
$3,255,986
-
10b · Land, buildings and equipment: accumulated depreciation
$2,651,220
-
10c · Land, buildings and equipment, net
beginning of year $441,968 · end of year $604,766
-
12 · Investments: other securities
beginning of year $23,485,429 · end of year $26,184,760
-
15 · Other assets
beginning of year $5,482,609 · end of year $5,489,577
-
17 · Accounts payable and accrued expenses
beginning of year $822,712 · end of year $926,492
-
19 · Deferred revenue
beginning of year $8,294,945 · end of year $8,374,884
-
27 · Net assets without donor restrictions
beginning of year $35,659,812 · end of year $39,613,496
Mission and programs · 2023
Mission
TO ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS, AND TO PROMOTE AND FOSTER EDUCATIONAL PROGRAMS TO AID MEMBERS AND PROTECT PROPERTY RIGHTS.
-
PROVIDE A VARIETY OF EDUCATIONAL PROGRAMS FOR MEMBERS TO AID AND IMPROVE THE PROFESSION.
-
PROVIDE EDUCATION AND IMPROVEMENTS WITH REGARD TO THE ILLINOIS LICENSURE STATUTES.
As filed on the 2023 return.
Listed in Part VII
-
Matt SilverMATT SILVER
2024 PRESIDENT/2023 PRESIDENT ELECT
- Total calculated
- $29,623
- From this org
- $29,623
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Michael GobberMICHAEL GOBBER
2024 PAST PRESIDENT/2023 PRESIDENT ELECT
- Total calculated
- $45,248
- From this org
- $45,248
- From related orgs
- $0
- Other
- $0
- Hours/week
- 19
-
Tommy ChoiTOMMY CHOI
2024 PRESIDENT ELECT/2023 TREASURER
- Total calculated
- $24,819
- From this org
- $24,819
- From related orgs
- $0
- Other
- $0
- Hours/week
- 29
-
Ezekiel MorrisEZEKIEL MORRIS
2023 PAST PRESIDENT
- Total calculated
- $15,476
- From this org
- $15,476
- From related orgs
- $0
- Other
- $0
- Hours/week
- 19
-
Ayn BartokAYN BARTOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt DifanisMATT DIFANIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda DresslerLINDA DRESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael DrewsMICHAEL DREWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miguel FernandezMIGUEL FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gaspar Flores JrGASPAR FLORES JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian KwiloszBRIAN KWILOSZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John LetourneauJOHN LETOURNEAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carrie LittleCARRIE LITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark MasseyMARK MASSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan MillerSUSAN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 19
-
Suzanne MillerSUZANNE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edwin NeavesEDWIN NEAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael OldenettelMICHAEL OLDENETTEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debbie PawlowiczDEBBIE PAWLOWICZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew PersickettiMATTHEW PERSICKETTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nykea Pippion McGriffNYKEA PIPPION MCGRIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy RoyalTRACY ROYAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edward RuettigerEDWARD RUETTIGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex RuggieriALEX RUGGIERI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy RyanTIMOTHY RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon ShafferBRANDON SHAFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ginger SreenanGINGER SREENAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy SuvarnamaniNANCY SUVARNAMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca ThomsonREBECCA THOMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy BarnesAMY BARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff KolbusJEFF KOLBUS
2024 TREASURER
- Total calculated
- $7,058
- From this org
- $7,058
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Michael SimpsonMICHAEL SIMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah WareSARAH WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey BakerJEFFREY BAKER
CEO
- Total calculated
- $533,879
- From this org
- $504,644
- From related orgs
- $0
- Other
- $29,235
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $335,000
- Bonus
- $131,962
- Other
- $37,682
- Deferred
- $19,800
- Nontaxable benefits
- $9,435
- Filer's total
- $533,879
-
Kristen ButcherKRISTEN BUTCHER
EXECUTIVE VICE PRESIDENT
- Total calculated
- $302,735
- From this org
- $285,439
- From related orgs
- $0
- Other
- $17,296
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,477
- Bonus
- $41,711
- Other
- $16,251
- Deferred
- $16,151
- Nontaxable benefits
- $1,145
- Filer's total
- $302,735
-
Young BrockhouseYOUNG BROCKHOUSE
VICE PRESIDENT
- Total calculated
- $219,831
- From this org
- $178,883
- From related orgs
- $0
- Other
- $40,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,430
- Bonus
- $8,453
- Other
- $0
- Deferred
- $10,733
- Nontaxable benefits
- $30,215
- Filer's total
- $219,831
-
Greg St AubinGREG ST AUBIN
VICE PRESIDENT
- Total calculated
- $316,312
- From this org
- $278,864
- From related orgs
- $0
- Other
- $37,448
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,400
- Bonus
- $14,464
- Other
- $0
- Deferred
- $15,864
- Nontaxable benefits
- $21,584
- Filer's total
- $316,312
-
Betsy UrbanceBETSY URBANCE
VICE PRESIDENT
- Total calculated
- $209,480
- From this org
- $171,218
- From related orgs
- $0
- Other
- $38,262
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,785
- Bonus
- $8,953
- Other
- $480
- Deferred
- $9,707
- Nontaxable benefits
- $28,555
- Filer's total
- $209,480
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
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION
501(C)(3) · PROVIDE GRANT SCHOLARSHIPS AND PROMOTING SUITABLE STANDARDS OF EDUCATION · IL
-
ILLINOIS ASSOCIATION OF REALTORS FEDERAL PAC
527 · ACCEPT DONATIONS AND MAKE CONTRIBUTIONS TO STATE AND LOCAL CANDIDATES · IL
-
RPAC
527 · ACCEPT DONATIONS AND MAKE CONTRIBUTIONS TO STATE AND LOCAL CANDIDATES · IL
-
501(C)(2) · IAR HEADQUARTERS AND BUILDING MANAGEMENT · IL
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
REAL ESTATE ADMINISTRATIVE SERVICES
C · PROVIDE ADMINISTRATIVE SERVICES · IL · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442679349300219
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