Form 990 for tax year 2022
Filed by INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION.
Totals
- Total revenue
- $600,024
- Total expenses
- $805,863
- Contributions and grants received
- $697,373
- Grants paid
- $487,407
- Program service revenue
- $12,575
- Investment income
- -$81,184
- Other revenue
- -$28,740
- Total assets, end of year
- $2,087,099
- Total liabilities, end of year
- $55,731
- Net assets or fund balances, end of year
- $2,031,368
- Program services expenses (Part IX)
- $487,407
- Management and general expenses
- $286,232
- Fundraising expenses
- $32,224
- Program service expenses (Part III)
- $487,407
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.
-
1c · Fundraising events
$107,984
-
1f · All other contributions, gifts and grants
$589,389
-
2a · Program service revenue: REGISTRATION FEES
total $12,575 · related or exempt $12,575
-
3 · Investment income
total $44,742 · excluded $44,742
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $529,511
-
7b · Less cost or other basis and sales expenses
securities $655,437
-
7c · Gain or loss
securities -$125,926
-
7d · Net gain or loss
total -$125,926 · excluded -$125,926
-
8a · Fundraising events: gross income
$7,500
-
8a · Fundraising events: contributions included on line 1c
$107,984
-
8b · Fundraising events: direct expenses
$36,240
-
8c · Net income from fundraising events
total -$28,740 · excluded -$28,740
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$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 $90,140 · program services $90,140
-
2 · Grants to domestic individuals
total $378,341 · program services $378,341
-
3 · Grants to foreign organizations and individuals
total $18,926 · program services $18,926
-
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 $200,000 · management and general $200,000
-
11b · Fees: legal
total $270 · management and general $270
-
11c · Fees: accounting
total $16,494 · management and general $16,494
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $9,242 · management and general $9,242
-
11g · Fees: other
total $19,024 · management and general $19,024
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $10,246 · management and general $4,628 · fundraising $5,618
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $27,103 · management and general $27,103
-
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 $0
-
24a · Other expenses: BOARD SUPPORT
total $12,627 · management and general $2,359 · fundraising $10,268
-
24b · Other expenses: BANKING & CREDIT CARD FEES
total $10,195 · fundraising $10,195
-
24c · Other expenses: LICENSES & FEES
total $6,082 · management and general $6,082
-
24d · Other expenses: FOOD & BEVERAGE
total $1,000 · fundraising $1,000
-
24e · All other expenses
total $6,173 · management and general $1,030 · fundraising $5,143
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,122 · end of year $141,048
-
2 · Savings and temporary cash investments
beginning of year $295,869 · end of year $202,209
-
3 · Pledges and grants receivable
beginning of year $10,251 · end of year $115,000
-
4 · Accounts receivable
beginning of year $11,142 · end of year $350
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,967 · end of year $14,760
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,169,584 · end of year $1,611,995
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $39,873 · end of year $1,737
-
17 · Accounts payable and accrued expenses
beginning of year $99,683 · end of year $55,731
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,338,793 · end of year $1,846,793
-
28 · Net assets with donor restrictions
beginning of year $189,332 · end of year $184,575
Mission and programs · 2022
Mission
TO BE A RESOURCE FOR PEOPLE AND ORGANIZATIONS SEEKING TO ADVANCE THE PROFESSION OF REAL ESTATE MANAGEMENT. THE IREM FOUNDATION SUPPORTS INITIATIVES DEVELOPED OR ENDORSED BY IREM THAT INCREASES DIVERSITY, THE ENGAGEMENT OF YOUNG PROFESSIONALS, AND EXPANSION OF INDUSTRY KNOWLEDGE.
Activities or mission (Part I)
TO PROVIDE RESOURCES FOR PEOPLE AND ORGANIZATIONS SEEKING TO ADVANCE THE REAL ESTATE PROFESSION.
-
THE SCHOLARSHIP PROGRAMS ARE DESIGNED TO ATTRACT AND DEVELOP INDIVIDUALS FOR CAREERS IN REAL ESTATE MANAGEMENT.
Expenses $379,816 · Grants $379,816
-
OUTREACH TO SUPPORT THE DEVELOPMENT OF A WELL-EQUIPED, DIVERSE, NEXT GENERATION WORKFORCE.
Expenses $67,740 · Grants $67,740 · Revenue $12,575
-
GRANTS TO ADVANCE ADOPTION OF SUSTAINABILITY PRACTICES IN COMMERICIAL REAL ESTATE.
Expenses $39,851 · Grants $39,851
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Karen Pharr CpmKAREN PHARR CPM
President
- Total calculated
- $0
- Hours/week
- 1
-
Dee Headley CPM
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Walter Crumpler CPM
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Julie Scott CpmJULIE SCOTT CPM
Past President
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm Bates CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anshu Bera CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Terrell Edwards CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Ann Ekre CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Benjamin Forsyth CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Gray CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kaci Hancock CPM ACOM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shawn Harvey CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Byrdy Kelley CPM ARM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rita Khan CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christopher Mellen CPM ARM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jo Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Frederick Prassas CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ann Reisch CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael B Simmons CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Tucker CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eileen Wirth CPM
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda Caradaine-Poinsett
Executive Director-June 1,2022
- Total calculated
- $0
- Hours/week
- 1
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
-
Academic outreach AND Real Estate Assoc Programs
-
UNIVERSITY OF WISCONSIN-STOUT
$8,250
Academic outreach AND Real Estate Assoc Programs
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311919349300231
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