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← INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS

Form 990 for tax year 2023

Filed by INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS.

Totals

Total revenue
$213,557
Total expenses
$212,542
Contributions and grants received
$156,240
Grants paid
$0
Program service revenue
$49,168
Investment income
$958
Other revenue
$7,191
Total assets, end of year
$149,386
Total liabilities, end of year
$36,061
Net assets or fund balances, end of year
$113,325
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$41,082

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

    $49,020

  • 1f · All other contributions, gifts and grants

    $107,220

  • 2a · Program service revenue: EVENT REVENUE

    total $31,830 · related or exempt $31,830

  • 2b · Program service revenue: COURSE INCOME

    total $17,338 · related or exempt $17,338

  • 3 · Investment income

    total $958 · excluded $958

  • 8a · Fundraising events: gross income

    $44,086

  • 8b · Fundraising events: direct expenses

    $36,895

  • 8c · Net income from fundraising events

    total $7,191 · excluded $7,191

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $136,800

  • 11c · Fees: accounting

    total $2,190

  • 13 · Office expenses

    total $2,119

  • 19 · Conferences, conventions and meetings

    total $67

  • 23 · Insurance

    total $747

  • 24a · Other expenses: EVENT EXPENSES

    total $27,745

  • 24b · Other expenses: NATIONAL MEETINGS

    total $18,341

  • 24c · Other expenses: EDUCATION

    total $13,337

  • 24d · Other expenses: COMMITTEES

    total $4,851

  • 24e · All other expenses

    total $6,345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,314 · end of year $36,684

  • 2 · Savings and temporary cash investments

    end of year $104,662

  • 4 · Accounts receivable

    beginning of year $1,595 · end of year $1,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,906 · end of year $6,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,500 · end of year $18,883

  • 19 · Deferred revenue

    beginning of year $27,005 · end of year $17,178

  • 27 · Net assets without donor restrictions

    beginning of year $112,310 · end of year $113,325

Mission and programs · 2023

Mission

TO EDUCATE REAL ESTATE MANAGERS AND CERTIFY THE COMPETENCE AND PROFESSIONALISM OF INDIVIDUALS AND ORGANIZATONS ENGAGED IN THE MANAGEMENT OF REAL ESTATE. IREM SERVES AS AN ADVOCATE ON ISSUES AFFECTING THE REAL ESTATE MANAGEMENT INDUSTRY, ENHANCING AND SUPPORTING ITS MEMBERS' PROFESSIONAL COMPETENCE SO THEY CAN BETTER MEET THE NEEDS OF THOSE WHO UTILIZE THEIR SERVICES.

  • LUNCHEON AND DINNER MEETINGS TO PROMOTE INTERACTION AMONG MEMBERS AND TO PROMOTE PLANNING/SCHEDULING OF EVENTS AND SEMINARS FOR MEMBER EDUCATION.

    Expenses $27,745 · Revenue $31,830

  • EDUCATION COURSES AND SEMINARS TO EDUCATE MEMBERS AND PROMOTE A STRONGER AND MORE KNOWLEDGEABLE REAL ESTATE INDUSTRY.

    Expenses $13,337 · Revenue $17,338

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Steffes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Audrey June Janzen

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Angela Samargia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brandon Otting

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Alexander Leuthner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Colette Altfillisch

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Patrick Lensing

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Catherine Beach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Devin Creurer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chelsea Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Hozza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mitchell Kall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tyhler Kohn Gallardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Addie Kubitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ali Otting

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349304623

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