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← NATIONAL COUNCIL OF REAL ESTATE INVESTMENTS FIDUCIARIES

Form 990 for tax year 2023

Filed by NATIONAL COUNCIL OF REAL ESTATE INVESTMENTS FIDUCIARIES.

Totals

Total revenue
$7,609,452
Total expenses
$6,427,136
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$7,566,881
Investment income
$42,571
Other revenue
$0
Total assets, end of year
$6,895,718
Total liabilities, end of year
$741,042
Net assets or fund balances, end of year
$6,154,676
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: Membership

    total $4,599,950 · related or exempt $4,599,950

  • 2b · Program service revenue: Conferences

    total $1,796,820 · related or exempt $1,796,820

  • 2c · Program service revenue: Publications

    total $582,700 · related or exempt $582,700

  • 2d · Program service revenue: License Fees

    total $407,576 · related or exempt $407,576

  • 2e · Program service revenue: Academy/Education Programs

    total $179,835 · related or exempt $179,835

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $42,571 · excluded $42,571

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 5 · Compensation of officers, directors and key employees

    total $888,678

  • 7 · Other salaries and wages

    total $2,268,733

  • 8 · Pension plan contributions

    total $226,873

  • 9 · Other employee benefits

    total $164,063

  • 10 · Payroll taxes

    total $189,052

  • 11b · Fees: legal

    total $101,768

  • 11c · Fees: accounting

    total $11,664

  • 11g · Fees: other

    total $151,733

  • 13 · Office expenses

    total $196,451

  • 14 · Information technology

    total $149,968

  • 16 · Occupancy

    total $21,359

  • 17 · Travel

    total $183,239

  • 19 · Conferences, conventions and meetings

    total $1,498,989

  • 23 · Insurance

    total $10,689

  • 24a · Other expenses: PAYROLL - ADMINISTRATIVE

    total $247,854

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $51,525

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $43,359

  • 24d · Other expenses: OTHER EXPENSES

    total $6,133

  • 24e · All other expenses

    total $5,006

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,654,570 · end of year $2,485,137

  • 2 · Savings and temporary cash investments

    beginning of year $293,890 · end of year $576,341

  • 4 · Accounts receivable

    beginning of year $37,070 · end of year $127,095

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $806,990 · end of year $409,233

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

    $1,831,073

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

    $543,758

  • 10c · Land, buildings and equipment, net

    beginning of year $1,251,520 · end of year $1,287,315

  • 11 · Investments: publicly traded securities

    end of year $1,994,770

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $15,827 · end of year $15,827

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,027 · end of year $172,522

  • 19 · Deferred revenue

    beginning of year $11,250 · end of year $568,520

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,977,590 · end of year $6,154,676

Mission and programs · 2023

Mission

PROVIDE INFORMATION AND PROMOTE RESEARCH WITHIN THE INDUSTRY.

  • COORDINATION OF EDUCATIONAL CONFERENCES FOR MEMBERS.

  • FUNDING OF RESEARCH PROJECTS WHICH ADVANCE THE INTEREST OF MEMBERS.

  • PRODUCTION OF PUBLICATIONS FOR USE BY MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Candice Todd

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Neal Armstrong

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Richard Kleinman

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Thomas Lee

    Chair-Elect

    Total calculated
    $0
    Hours/week
    1

  • Alex Symes

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Hansen

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Ehli

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maritza Matlosz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Simon Mallinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tyler Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Dierking

    President

    Total calculated
    $603,124
    From this org
    $525,000
    From related orgs
    $0
    Other
    $78,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,092
    Bonus
    $190,908
    Other
    $0
    Deferred
    $52,500
    Nontaxable benefits
    $25,624
    Filer's total
    $603,124

  • Stacy Gaskins

    Chief Operating Officer

    Total calculated
    $285,553
    From this org
    $248,113
    From related orgs
    $0
    Other
    $37,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,113
    Bonus
    $52,000
    Other
    $0
    Deferred
    $24,811
    Nontaxable benefits
    $12,629
    Filer's total
    $285,553

  • Ben Neil

    Chief Technology Officer

    Total calculated
    $252,450
    From this org
    $229,500
    From related orgs
    $0
    Other
    $22,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,500
    Bonus
    $30,000
    Other
    $0
    Deferred
    $22,950
    Nontaxable benefits
    $0
    Filer's total
    $252,450

  • Fabiana Lotito

    Program Director

    Total calculated
    $318,789
    From this org
    $267,348
    From related orgs
    $0
    Other
    $51,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,848
    Bonus
    $44,500
    Other
    $0
    Deferred
    $26,735
    Nontaxable benefits
    $24,706
    Filer's total
    $318,789

  • Jamie Kingsley

    Director of Standards

    Total calculated
    $276,809
    From this org
    $250,673
    From related orgs
    $0
    Other
    $26,136
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,673
    Bonus
    $40,000
    Other
    $0
    Deferred
    $25,067
    Nontaxable benefits
    $1,069
    Filer's total
    $276,809

  • Joseph D'Alessandro

    Director of Performance Measurement

    Total calculated
    $289,805
    From this org
    $236,533
    From related orgs
    $0
    Other
    $53,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,033
    Bonus
    $44,500
    Other
    $0
    Deferred
    $23,653
    Nontaxable benefits
    $29,619
    Filer's total
    $289,805

  • Ray Belliveau

    Director of Member Services

    Total calculated
    $306,761
    From this org
    $277,902
    From related orgs
    $0
    Other
    $28,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,902
    Bonus
    $60,000
    Other
    $0
    Deferred
    $27,790
    Nontaxable benefits
    $1,069
    Filer's total
    $306,761

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 · Compensation survey or study
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349321537

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