Form 990 for tax year 2023
Filed by INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS.
Totals
- Total revenue
- $620,327
- Total expenses
- $615,512
- Contributions and grants received
- $64,548
- Grants paid
- $19,917
- Program service revenue
- $555,766
- Investment income
- $13
- Other revenue
- $0
- Total assets, end of year
- $371,292
- Total liabilities, end of year
- $133,604
- Net assets or fund balances, end of year
- $237,688
- Program services expenses (Part IX)
- $372,249
- Management and general expenses
- $243,263
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $372,249
Program services were 60.5% 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.
-
1b · Membership dues
$64,548
-
2a · Program service revenue: Education
total $31,824 · related or exempt $31,824
-
2b · Program service revenue: FOI-Industry Partners
total $217,527 · related or exempt $217,527
-
2c · Program service revenue: Miscellaneous Income
total $12,424 · related or exempt $12,424
-
2d · Program service revenue: Programs
total $282,778 · related or exempt $282,778
-
2e · Program service revenue: Yount Professionals
total $11,213 · related or exempt $11,213
-
3 · Investment income
total $13 · excluded $13
-
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
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $19,917 · program services $19,917
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $165,236 · management and general $165,236
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,750 · management and general $1,750
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $25,022 · program services $12,825 · management and general $12,197
-
12 · Advertising and promotion
total $12,000 · management and general $12,000
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $8,870 · program services $8,870
-
16 · Occupancy
total $0
-
17 · Travel
total $9,362 · program services $1,761 · management and general $7,601
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $1,672 · management and general $1,672
-
24a · Other expenses: Food and Beverages
total $144,184 · program services $144,184
-
24b · Other expenses: Facility/Room Fees
total $97,525 · program services $97,525
-
24c · Other expenses: Equipment/AV Rental
total $62,324 · program services $62,324
-
24d · Other expenses: Bank & Card Charges
total $14,671 · program services $2,759 · management and general $11,912
-
24e · All other expenses
total $52,979 · program services $22,084 · management and general $30,895
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $194,437 · end of year $207,089
-
2 · Savings and temporary cash investments
beginning of year $65,846 · end of year $65,859
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $88,374
-
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 $30,535 · end of year $9,920
-
10a · Land, buildings and equipment: cost or other basis
$6,712
-
10b · Land, buildings and equipment: accumulated depreciation
$6,712
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
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 $3,980 · end of year $50
-
17 · Accounts payable and accrued expenses
beginning of year $18,601 · end of year $14,041
-
19 · Deferred revenue
beginning of year $43,030 · end of year $119,563
-
25 · Other liabilities
beginning of year $875
-
31 · Retained earnings, endowment or other funds
beginning of year $232,292 · end of year $237,688
Mission and programs · 2023
Mission
Present and support the top real estate management professionals, their companies and clients by providing indispensable resources, recognized credentials, leading-edge knowledge and meaningful chapter experiences.
-
PROGRAMS:Our programs are designed to address the diverse needs of our members, offering resources, advocacy, and engagement opportunities that enhance professional development and community involvement. From regulatory updates and legislative advocacy to networking and leadership opportunities, these programs ensure that our members stay informed, connected, and empowered to influence positive change in the real estate industry.
Expenses $317,180 · Revenue $282,778
-
INDUSTRY PARTNERS:The association fosters strong relationships with industry partners, including vendors, service providers, and stakeholders, to create mutually beneficial opportunities. By facilitating networking events, sponsorship programs, and collaborative ventures, we connect our members with valuable resources and innovative solutions that support their business operations. These partnerships play a critical role in driving innovation and advancing the collective goals of the real estate community. Their partnership and support enable us to provide the educational and networking programs throughout the year.
Expenses $28,171 · Revenue $217,527
-
YOUNG PROFESSIONALS:The Young Professionals program is dedicated to supporting the next generation of real estate leaders. Through mentorship, specialized training, and networking opportunities, we provide young professionals with the tools and guidance needed to succeed in the industry. This program fosters leadership development, peer collaboration, and career advancement while promoting the inclusion and representation of emerging talent in the real estate field.
Expenses $14,509 · Revenue $11,213
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mayra Ramirez
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Basil Newbur
Dir - Finance
- Total calculated
- $0
- Hours/week
- 1
-
Windell Mollenido
VP - Mbrshp/Sec
- Total calculated
- $0
- Hours/week
- 1
-
Casey Ellis
President
- Total calculated
- $0
- Hours/week
- 1
-
Oscar Rodriquez-Aguila
Dir - Education
- Total calculated
- $0
- Hours/week
- 1
-
Brianna McHenry
VP - Finance
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Bee
President Elect
- Total calculated
- $0
- Hours/week
- 1
-
Erin Goto
VP - Indust Ptn
- Total calculated
- $0
- Hours/week
- 1
-
Megan Hernandez
Dir - Indus Ptn
- Total calculated
- $0
- Hours/week
- 1
-
Janelle Villaluz
VP - IYP
- Total calculated
- $0
- Hours/week
- 1
-
Cini Apostol
VP - Education
- Total calculated
- $0
- Hours/week
- 1
-
Emily Franklin
VP - Public Rel
- Total calculated
- $0
- Hours/week
- 1
-
Linda Kight
VP - Legis Aff
- Total calculated
- $0
- Hours/week
- 1
-
Marisa Greenway
Executive Dir.
- Total calculated
- $0
- Hours/week
- 0
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
-
Cal Business Prop Assoc
$7,799
-
Cal Love Drop CO ONEOC
$6,000
-
Jessie Rees Foundation
$5,500
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403139349303635
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