Form 990 for tax year 2023
Filed by INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS.
Totals
- Total revenue
- $414,104
- Total expenses
- $428,051
- Contributions and grants received
- $2,895
- Grants paid
- $13,018
- Program service revenue
- $361,269
- Investment income
- $3,343
- Other revenue
- $46,597
- Total assets, end of year
- $412,672
- Total liabilities, end of year
- $47,908
- Net assets or fund balances, end of year
- $364,764
- Program services expenses (Part IX)
- $269,676
- Management and general expenses
- $109,749
- Fundraising expenses
- $48,626
- Program service expenses (Part III)
- $269,676
Program services were 63.0% 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.
-
1c · Fundraising events
$2,895
-
2a · Program service revenue: EDUCATION AND MEETING
total $235,282 · related or exempt $235,282
-
2b · Program service revenue: MEMBERSHIP DUES
total $102,287 · related or exempt $102,287
-
2c · Program service revenue: FRIENDS OF IREM SERVIC
total $23,700 · related or exempt $23,700
-
3 · Investment income
total $3,343 · excluded $3,343
-
8a · Fundraising events: gross income
$87,895
-
8a · Fundraising events: contributions included on line 1c
$2,895
-
8b · Fundraising events: direct expenses
$41,298
-
8c · Net income from fundraising events
total $46,597 · excluded $46,597
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,018 · program services $13,018
-
5 · Compensation of officers, directors and key employees
total $170,181 · program services $83,704 · management and general $47,169 · fundraising $39,308
-
10 · Payroll taxes
total $11,960 · program services $5,382 · management and general $3,588 · fundraising $2,990
-
11c · Fees: accounting
total $20,930 · management and general $20,930
-
11g · Fees: other
total $4,055 · program services $4,055
-
12 · Advertising and promotion
total $8,100 · management and general $8,100
-
13 · Office expenses
total $32,818 · program services $6,586 · management and general $22,574 · fundraising $3,658
-
15 · Royalties
total $28,250 · program services $28,250
-
16 · Occupancy
total $5,445 · program services $1,936 · management and general $2,433 · fundraising $1,076
-
17 · Travel
total $56,232 · program services $54,114 · management and general $580 · fundraising $1,538
-
19 · Conferences, conventions and meetings
total $72,530 · program services $72,530
-
22 · Depreciation, depletion and amortization
total $1,687 · management and general $1,687
-
23 · Insurance
total $224 · program services $101 · management and general $67 · fundraising $56
-
24a · Other expenses: MISCELLANEOUS
total $2,621 · management and general $2,621
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $292,022 · end of year $106,810
-
2 · Savings and temporary cash investments
beginning of year $115,217 · end of year $282,870
-
4 · Accounts receivable
beginning of year $1,762 · end of year $6,600
-
9 · Prepaid expenses and deferred charges
beginning of year $18,612 · end of year $13,750
-
10a · Land, buildings and equipment: cost or other basis
$3,048
-
10b · Land, buildings and equipment: accumulated depreciation
$406
-
10c · Land, buildings and equipment, net
beginning of year $1,281 · end of year $2,642
-
15 · Other assets
beginning of year $7,713 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $6,862 · end of year $7,574
-
19 · Deferred revenue
beginning of year $51,034 · end of year $40,334
-
27 · Net assets without donor restrictions
beginning of year $378,711 · end of year $364,764
Mission and programs · 2023
Mission
TO FACILITATE THE DEVELOPMENT OF TECHNICAL AND EDUCATIONAL MATERIALS FOR THE FIELD OF REAL ESTATE MANAGEMENT AND ORGANIZE AND CONDUCT EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION AND GENERAL PUBLIC UNDER THE DIRECTION AND SUPERVISION OF THE INSTITUTE OF REAL ESTATE MANAGEMENT.
-
VARIOUS SEMINARS AND COURSES TO PROVIDE MEMBERS WITH UPDATED EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. DINNER MEETINGS FOR MEMBERS RELATED DIRECTLY TO THE ORGANIZATION'S EXEMPT PURPOSES OF PROVIDING MEMBERS EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. SERVICES OF THE OFFICERS AND VARIOUS OTHER MEMBERS ARE DONATED IN ORDER TO ACCOMPLISH THE ORGANIZATION'S EXEMPT FUNCTIONS AND TO ADMINISTER ITS EXEMPT ACTIVITIES.
Expenses $269,676 · Revenue $361,269
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tony SusiTONY SUSI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Fish-CraneMELISSA FISH-CRANE
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
William WoodwardWILLIAM WOODWARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kristin PineKRISTIN PINE
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher E MellenCHRISTOPHER E MELLEN
EXECUTIVE COUNCILOR
- Total calculated
- $12,950
- From this org
- $12,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
John PardaJOHN PARDA
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly ParkerKIMBERLY PARKER
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris SalamanisCHRIS SALAMANIS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott ChakoutisSCOTT CHAKOUTIS
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Yoany VargasYOANY VARGAS
SECTRETARY
- Total calculated
- $0
- Hours/week
- 1
-
David BarrettDAVID BARRETT
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter LewisPETER LEWIS
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy GaudetNANCY GAUDET
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank CevetelloFRANK CEVETELLO
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert PhillipsROBERT PHILLIPS
FORMER EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie McGrathLAURIE MCGRATH
EXECUTIVE COUNCILOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelley HannonKELLEY HANNON
EXECUTIVE DIRECTOR
- Total calculated
- $156,975
- From this org
- $156,975
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,975
- Bonus
- $20,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $156,975
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 · 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
-
EDUCATION FOR MEMBERS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401069349302125
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.