Skip to content
Nonprofiteer
← KENTUCKY REAL ESTATE EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by KENTUCKY REAL ESTATE EDUCATION FOUNDATION INC.

Totals

Total revenue
$263,528
Total expenses
$226,140
Contributions and grants received
$0
Grants paid
$2,369
Program service revenue
$259,536
Investment income
$3,992
Other revenue
$0
Total assets, end of year
$763,202
Total liabilities, end of year
$11,735
Net assets or fund balances, end of year
$751,467
Program services expenses (Part IX)
$188,771
Management and general expenses
$37,369
Fundraising expenses
$0
Program service expenses (Part III)
$188,771

Program services were 83.5% 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.

  • 2a · Program service revenue: EDUCATION COURSES

    total $259,536 · related or exempt $259,536

  • 3 · Investment income

    total $3,992 · excluded $3,992

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,369 · program services $2,369

  • 11c · Fees: accounting

    total $3,347 · management and general $3,347

  • 11f · Fees: investment management

    total $1,064 · management and general $1,064

  • 12 · Advertising and promotion

    total $10,199 · management and general $10,199

  • 13 · Office expenses

    total $3,164 · management and general $3,164

  • 14 · Information technology

    total $25,915 · program services $25,915

  • 17 · Travel

    total $5,056 · management and general $5,056

  • 19 · Conferences, conventions and meetings

    total $42,069 · program services $42,069

  • 24a · Other expenses: KREC COURSE EXPENSES

    total $53,291 · program services $53,291

  • 24b · Other expenses: LICENSE EXPENSE

    total $21,374 · program services $21,374

  • 24c · Other expenses: GRI COURSE EXPENSES

    total $16,936 · program services $16,936

  • 24d · Other expenses: ONLINE COURSE DEVELOPME

    total $11,935 · program services $11,935

  • 24e · All other expenses

    total $29,421 · program services $14,882 · management and general $14,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $517,773 · end of year $549,425

  • 2 · Savings and temporary cash investments

    beginning of year $232,203 · end of year $196,853

  • 4 · Accounts receivable

    beginning of year $432 · end of year $10,313

  • 9 · Prepaid expenses and deferred charges

    beginning of year $797 · end of year $3,837

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

    $6,795

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

    $4,021

  • 10c · Land, buildings and equipment, net

    beginning of year $2,774 · end of year $2,774

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,885 · end of year $11,735

  • 27 · Net assets without donor restrictions

    beginning of year $752,094 · end of year $751,467

Mission and programs · 2022

Mission

PROMOTE THE DEVELOPMENT OF REAL ESTATE COURSES AND PRESENT AND SUPPORT THE REAL ESTATE EDUCATIONAL PROGRAMS AND SEMINARS FOR THE REAL ESTATE INDUSTRY AND THE PUBLIC

Activities or mission (Part I)

PROMOTE THE DEVELOPMENT OF REAL ESTATE COURSES AND PRESENT AND SUPPORT THE REAL ESTATE EDUCATIONAL PROGRAMS AND SEMINARS FOR THE REAL ESTATE INDUSTRY AND THE PUBLIC.

  • THE ORGANIZATION PRESENTED REAL ESTATE EDUCATION PROGRAMS ON VARIOUS TOPICS TO PARTICIPANTS DURING THE YEAR. THE COURSES ARE DESIGNED TO PROMOTE THE STUDY OF THE GENERAL FIELD OF REAL ESTATE.

    Expenses $188,771 · Grants $2,369 · Revenue $259,536

As filed on the 2022 return.

Listed in Part VII

  • Josh D Summers

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $190,828
    From this org
    $0
    From related orgs
    $183,333
    Other
    $7,495
    Hours/week
    1 + 39.25 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,333 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $25,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,495 related
    Filer's total
    $0 + $190,828 related

  • Norman Jones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Robert Hammonds

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Randy Newsome

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    0.25

  • Elizabeth Monarch

    KYR PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Barb Curtis

    KYR TREASURER - ELECT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Alice Carr

    TREASURER - ELECT

    Total calculated
    $0
    Hours/week
    0.25

  • Brenda Gooslin

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Sandy Newell

    REGION 1 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kimberly Bridges

    REGION 1 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Pam Featherstone

    REGION 2 MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Janette Dewitt

    REGION 2 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kimberly Sickles

    REGION 3 MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Laura Disney

    REGION 4 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Barbara Flannery

    REGION 4 MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Alicia Soldat

    REGION 3 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Larry Disney

    REGION 4 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Sue Ann Collins

    REGION 5 MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Marcie Estepp

    REGION 6 MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

  • KENTUCKY ASSOCIATION OF REALTORS INC

    501(C)(6) · REALTOR MEMBERSHIP ORGANIZATION · KY

  • KENTUCKY REALTORS POLITICAL ACTION COMMITTEE INC

    527 · POLITICAL ACTION COMMITTEE FOR THE REAL ESTATE INDUSTRY · KY

    Directly controlled by KENTUCKY ASSOCIATION OF REALTORS INC

  • KENTUCKY REALTORS RELIEF FOUNDATION INC

    501(C)(3) · PROVIDE RELIEF FOR ECONOMIC HARDSHIP · KY

    Directly controlled by KENTUCKY ASSOCIATION OF REALTORS INC

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2023
IRS schema version
2022v5.0
Source object
202342199349301089

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.