Form 990 for tax year 2023
Filed by INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS.
Totals
- Total revenue
- $135,207
- Total expenses
- $174,803
- Contributions and grants received
- $24,915
- Grants paid
- $2,500
- Program service revenue
- $101,497
- Investment income
- $14
- Other revenue
- $8,781
- Total assets, end of year
- $12,435
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $12,435
- Program services expenses (Part IX)
- $171,973
- Management and general expenses
- $2,830
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $171,973
Program services were 98.4% 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
$24,915
-
2a · Program service revenue: ADVERTISE/DIRECTORY
total $34,838 · unrelated business $34,838
-
2b · Program service revenue: EDUCATION
total $29,467 · related or exempt $29,467
-
2c · Program service revenue: TRADESHOWS
total $16,008 · related or exempt $16,008
-
2d · Program service revenue: MEETINGS
total $12,184 · related or exempt $12,184
-
2e · Program service revenue: CHAPTERS
total $9,000 · related or exempt $9,000
-
3 · Investment income
total $14 · excluded $14
-
8a · Fundraising events: gross income
$107,249
-
8b · Fundraising events: direct expenses
$98,468
-
8c · Net income from fundraising events
total $8,781
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
5 · Compensation of officers, directors and key employees
total $60,566 · program services $60,566
-
10 · Payroll taxes
total $4,719 · program services $4,719
-
11c · Fees: accounting
total $2,160 · program services $1,080 · management and general $1,080
-
11g · Fees: other
total $4,185 · program services $4,185
-
12 · Advertising and promotion
total $7,285 · program services $7,285
-
13 · Office expenses
total $3,806 · program services $3,806
-
14 · Information technology
total $4,277 · program services $4,277
-
16 · Occupancy
total $12,437 · program services $12,437
-
17 · Travel
total $1,614 · program services $1,614
-
19 · Conferences, conventions and meetings
total $19,476 · program services $19,476
-
23 · Insurance
total $1,126 · program services $1,126
-
24a · Other expenses: TRADE SHOW COSTS
total $19,213 · program services $19,213
-
24b · Other expenses: MEETING COSTS
total $14,938 · program services $14,938
-
24c · Other expenses: EDUCATION
total $8,872 · program services $8,872
-
24d · Other expenses: CREDIT CARD FEES
total $3,499 · program services $1,749 · management and general $1,750
-
24e · All other expenses
total $4,130 · program services $4,130
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,926 · end of year $5,317
-
2 · Savings and temporary cash investments
beginning of year $42,292 · end of year $6,305
-
10a · Land, buildings and equipment: cost or other basis
$8,440
-
10b · Land, buildings and equipment: accumulated depreciation
$8,440
-
15 · Other assets
beginning of year $813 · end of year $813
-
31 · Retained earnings, endowment or other funds
beginning of year $52,031 · end of year $12,435
Mission and programs · 2023
Mission
TO EDUCATE AND CERTIFY THE COMPETENCE AND PROFESSIONALISM OF INDIVIDUALS AND ORGANIZATIONS ENGAGED IN THE MANAGEMENT OF REAL ESTATE. THE ORGANIZATION SERVES AS AN ADVOCATE ON ISSUES AFFECTING THE REAL ESTATE MANAGEMENT INDUSTRY, AS WELL AS ENHANCING AND SUPPORTING ITS MEMBERS' PROFESSIONAL COMPETENCE SO THEY CAN BETTER IDENTIFY AND MEET THE NEEDS OF THOSE WHO UTILIZE THEIR SERVICES.
-
MONTHLY REAL ESTATE MANAGEMENT MEETINGS AND CONFERENCES BENEFITING APPROXIMATELY 240 MEMBERS.
Expenses $143,888 · Grants $2,500 · Revenue $12,184
-
VENDOR DISPLAY SEMINARS AND TRADE SHOWS BENEFITING APPROXIMATELY 280 MEMBERS.
Expenses $19,213 · Revenue $16,008
-
EDUCATION COURSES BENEFITING APPROXIMATELY 280 MEMBERS.
Expenses $8,872 · Revenue $29,467
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Susan KnowlesSUSAN KNOWLES
EXECUTIVE DI
- Total calculated
- $60,566
- From this org
- $60,566
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John BridgesJOHN BRIDGES
PRESIDENT
- Total calculated
- $0
-
Heather JakewayHEATHER JAKEWAY
DIRECTOR
- Total calculated
- $0
-
Rita KhanRITA KHAN
DIRECTOR
- Total calculated
- $0
-
Paul BollingerPAUL BOLLINGER
SECRETARY
- Total calculated
- $0
-
Michael GiudiciMICHAEL GIUDICI
DIRECTOR
- Total calculated
- $0
-
Tracy BrownTRACY BROWN
TREASURER
- Total calculated
- $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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422019349300917
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.