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← INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATIONAL ASSOCIATION OF REA

Form 990 for tax year 2022

Filed by INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATIONAL ASSOCIATION OF REA.

Totals

Total revenue
$300,286
Total expenses
$310,075
Contributions and grants received
$0
Grants paid
$3,000
Program service revenue
$145,075
Investment income
$10,059
Other revenue
$145,152
Total assets, end of year
$294,573
Total liabilities, end of year
$39,753
Net assets or fund balances, end of year
$254,820
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: CHAPTER COURSES

    total $7,805 · related or exempt $7,805

  • 2b · Program service revenue: COLLEGE CASE COMPETITION

    total $6,635 · related or exempt $6,635

  • 2c · Program service revenue: MEETINGS

    total $34,180 · related or exempt $34,180

  • 2d · Program service revenue: Membership Dues & Assessments

    total $93,810 · related or exempt $93,810

  • 2e · Program service revenue: OTHER INCOME

    total $1,525 · related or exempt $1,525

  • 2f · All other program service revenue

    total $1,120 · related or exempt $1,120

  • 3 · Investment income

    total $10,059 · related or exempt $10,059

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $91,806

  • 8b · Fundraising events: direct expenses

    $46,703

  • 8c · Net income from fundraising events

    total $45,103 · excluded $45,103

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: ADVERTISING ROYALTIES

    total $1,631 · unrelated business $1,631

  • 11b · Other revenue: INDUSTRY PARTNERS

    total $98,418 · unrelated business $98,418

  • 11e · Other revenue, total

    $100,049

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $109,664

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $59,854

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $14,620

  • 10 · Payroll taxes

    total $13,132

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $4,809

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,481

  • 14 · Information technology

    total $808

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $13,910

  • 17 · Travel

    total $12,239

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $13,676

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MEETING EXPENSES

    total $34,063

  • 24b · Other expenses: BANK/CC FEES

    total $8,407

  • 24c · Other expenses: CASE COMPETITION EXPENSES

    total $7,112

  • 24d · Other expenses: COMMUNICATIONS

    total $2,725

  • 24e · All other expenses

    total $10,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,180 · end of year $20,323

  • 2 · Savings and temporary cash investments

    beginning of year $59,193 · end of year $49,673

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $35,252

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,151 · end of year $570

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $209,323 · end of year $187,092

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,663 · end of year $1,663

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,515 · end of year $4,061

  • 25 · Other liabilities

    beginning of year $35,386 · end of year $35,692

  • 27 · Net assets without donor restrictions

    beginning of year $264,609 · end of year $254,820

Mission and programs · 2022

Mission

Provide a forum for furthering the growth and professionalism of the property management industry.

  • THE CHAPTER WORKS WITH CERTIFIED PROPERTY MANAGER (CPM) CANDIDATES TO ACHIEVE THIS PROFESSIONAL CERTIFICATION. WITHIN THE DALLAS CHAPTER, 17 CANDIDATES WERE CERTIFIED IN 2022. THE DALLAS CHAPTER ALSO HAD 3 MEMBERS BECOME ACCREDITED RESIDENTIAL MANAGERS (ARM),AND 1 MEMBER BECOME AN ACCREDITED COMMERCIAL MANAGER (ACOM). THE CHAPTER ALSO HOLDS EDUCATIONAL SEMINARS.

  • IREM DALLAS CHAPTER NO. 14 SERVES ITS 461 MEMBERS WITH A VARIETY OF MEMBERSHIP MEETINGS PROVIDING A FORUM FOR THE EXCHANGE OF INFORMATION CONCERNING REAL ESTATE PROPERTY MANAGEMENT, INCLUDING 10 VIRTUAL NETWORKING EVENTS, 2 VIRTUAL LEARNING EVENTS, 10 IN-PERSON LEARNING/NETWORKING EVENTS, A COLLEGE CASE COMPETITION, FASHION SHOW, AND OUR ANNUAL GOLF TOURNAMENT. THE ORGANIZATION'S MISSION IS TO PROVIDE A FORUM FOR FURTHERING THE GROWTH AND PROFESSIONALISM OF THE PROPERTY MANAGEMENT INDUSTRY. THE DALLAS CHAPTER ALSO PARTICIPATES IN REGIONAL AND NATIONAL MEETINGS OF THE NATIONAL IREM ORGANIZATION.

  • THE CHAPTER CREATES A BI-WEEKLY ONLINE PUBLICATION WHICH IS DISTRIBUTED TO ITS 461 MEMBERS TO HELP REAL ESTATE MANAGERS PROSPER AND ADD VALUE TO THEIR COMPANIES AND THE PROPERTIES THEY MANAGE. THE NEWSLETTER IS SENT TO 925 RECIPIENTS IN TOTAL. THE WEEKLY ONLINE PUBLICATION IS AN EDUCATIONAL FORUM/MEMBER BENEFIT PUBLICATION THAT PROMOTES REAL ESTATE MANAGEMENT EDUCATION, CHAPTER ACTIVITIES AND VOLUNTEER RECOGNITION.

As filed on the 2022 return.

Listed in Part VII

  • Kristin Hiett

    Executive Dir.

    Total calculated
    $117,078
    From this org
    $109,664
    From related orgs
    $0
    Other
    $7,414
    Hours/week
    48
  • Christie Clenney

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Jolene Wilson

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Morgan Neely

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Z Young

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Susan Heath

    Director

    Total calculated
    $0
    Hours/week
    1
  • Maxime Faye

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Nekesha Lyles

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Ashley Moore

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • Holli Biggerstaff

    Vice President

    Total calculated
    $0
    Hours/week
    1
  • John Glen

    Director

    Total calculated
    $0
    Hours/week
    1
  • Amanda Eller

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    3
  • Iliana McQuown

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    3
  • Sharon Simmons

    President

    Total calculated
    $0
    Hours/week
    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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 June 2023
IRS schema version
2022v5.0
Source object
202311989349301111

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