Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $53,670

• 2a · Program service revenue: MEMBERSHIP DUES

  total $5,479,283 · related or exempt $5,479,283

• 2b · Program service revenue: MEMBER PROFESSIONAL DEVELOPMENT

  total $977,130 · related or exempt $977,130

• 2c · Program service revenue: MEMBER FEES

  total $900,282 · related or exempt $900,282

• 2d · Program service revenue: MEMBER EVENTS

  total $417,568 · related or exempt $417,568

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $164,084 · unrelated business $30,722 · excluded $133,362

• 5 · Royalties

  total $99,274 · excluded $99,274

• 6a · Gross rents

  real property $18,600

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $18,600 · personal property $0

• 6d · Net rental income or loss

  total $18,600 · excluded $18,600

• 7a · Gross sales of assets other than inventory

  securities $2,164,571 · other assets $78,013

• 7b · Less cost or other basis and sales expenses

  securities $2,001,191 · other assets $0

• 7c · Gain or loss

  securities $163,380 · other assets $78,013

• 7d · Net gain or loss

  total $241,393 · excluded $241,393

• 10a · Gross sales of inventory

  $59,852

• 10b · Cost of goods sold

  $52,561

• 10c · Net income from sales of inventory

  total $7,291 · excluded $7,291

• 11a · Other revenue: ADMINISTRATIVE FEES FROM RELATED ORGANIZATION

  total $59,018 · related or exempt $59,018

• 11b · Other revenue: Advertising

  total $10,200 · unrelated business $10,200

• 11c · Other revenue: Consulting Income

  total $1,350 · unrelated business $1,350

• 11d · All other revenue

  total $7,669 · related or exempt $0 · unrelated business $0 · excluded $7,669

• 11e · Other revenue, total

  $78,237

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $79,850

• 5 · Compensation of officers, directors and key employees

  total $1,298,393

• 7 · Other salaries and wages

  total $3,066,051

• 8 · Pension plan contributions

  total $117,464

• 9 · Other employee benefits

  total $258,166

• 10 · Payroll taxes

  total $299,703

• 11b · Fees: legal

  total $64,730

• 11c · Fees: accounting

  total $67,866

• 11f · Fees: investment management

  total $36,950

• 11g · Fees: other

  total $279,562

• 12 · Advertising and promotion

  total $232,789

• 13 · Office expenses

  total $678,213

• 16 · Occupancy

  total $523,176

• 19 · Conferences, conventions and meetings

  total $107,317

• 22 · Depreciation, depletion and amortization

  total $479,345

• 23 · Insurance

  total $52,686

• 24a · Other expenses: member events and services

  total $1,065,217

• 24b · Other expenses: association governance & government affairs

  total $363,012

• 24c · Other expenses: member promotion and professional development

  total $152,571

• 24d · Other expenses: Staff training

  total $144,914

• 24e · All other expenses

  total $49,801

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,443,781 · end of year $2,050,496

• 4 · Accounts receivable

  beginning of year $29,663 · end of year $108,038

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $28,459 · end of year $19,541

• 9 · Prepaid expenses and deferred charges

  beginning of year $167,411 · end of year $226,667

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

  $5,361,562

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

  $3,483,875

• 10c · Land, buildings and equipment, net

  beginning of year $2,252,524 · end of year $1,877,687

• 11 · Investments: publicly traded securities

  beginning of year $3,550,399 · end of year $2,418,801

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $1,718,614 · end of year $1,478,194

• 17 · Accounts payable and accrued expenses

  beginning of year $700,475 · end of year $866,747

• 19 · Deferred revenue

  beginning of year $2,853,818 · end of year $2,895,202

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,991,228 · end of year $1,607,201

• 27 · Net assets without donor restrictions

  beginning of year $3,645,330 · end of year $2,810,274

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

The organization pays the monthly dues for the CEO to belong to the Woman's Athletic Club of Chicago for the purpose of networking with key industry and other business executives. No portion of the dues are treated as taxable compensation.

Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses

The Executive Committee approved membership for the CEO.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

Michelle Mills Clement (CEO) participated in the 457b plan that was established. She contributed $626 in calendar year 2022.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHICAGO ASSOCIATION OF REALTORS BUSINESS INFORMATION SERVICES INC AND SUBSI DIARIES

  C Corporation · REAL ESTATE INFORMATION SERVICES · IL · 100% owned · share of income $1,805,753 · share of assets $6,771,782 · controlled entity

  Directly controlled by CHICAGO ASSOCIATION OF REALTORS