Form 990 for tax year 2022
Filed by ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $250,026
- Total expenses
- $82,356
- Contributions and grants received
- $192,379
- Grants paid
- $38,767
- Program service revenue
- $0
- Investment income
- $38,962
- Other revenue
- $18,685
- Total assets, end of year
- $1,799,026
- Total liabilities, end of year
- $32,910
- Net assets or fund balances, end of year
- $1,766,116
- Program services expenses (Part IX)
- $51,978
- Management and general expenses
- $18,378
- Fundraising expenses
- $12,000
- Program service expenses (Part III)
- $51,978
Program services were 63.1% 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.
-
1e · Government grants (contributions)
$55,603
-
1f · All other contributions, gifts and grants
$136,776
-
3 · Investment income
total $40,137 · excluded $40,137
-
7a · Gross sales of assets other than inventory
securities $94,127
-
7b · Less cost or other basis and sales expenses
securities $95,302
-
7c · Gain or loss
securities -$1,175
-
7d · Net gain or loss
total -$1,175 · excluded -$1,175
-
8a · Fundraising events: gross income
$49,700
-
8b · Fundraising events: direct expenses
$35,015
-
8c · Net income from fundraising events
total $14,685 · excluded $14,685
-
11a · Other revenue: OTHER INCOME
total $4,000 · excluded $4,000
-
11e · Other revenue, total
$4,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $38,767 · program services $38,767
-
7 · Other salaries and wages
total $30,000 · program services $12,000 · management and general $6,000 · fundraising $12,000
-
11c · Fees: accounting
total $5,950 · management and general $5,950
-
13 · Office expenses
total $1,538 · management and general $1,538
-
17 · Travel
total $819 · management and general $819
-
19 · Conferences, conventions and meetings
total $1,336 · management and general $1,336
-
24a · Other expenses: BANK & CREDIT CARD FEES
total $2,113 · management and general $2,113
-
24b · Other expenses: PROGRAM EXPENSE
total $1,211 · program services $1,211
-
24c · Other expenses: DUES & FEES
total $622 · management and general $622
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,696,020 · end of year $1,773,715
-
4 · Accounts receivable
beginning of year $22,332 · end of year $25,257
-
9 · Prepaid expenses and deferred charges
beginning of year $54 · end of year $54
-
17 · Accounts payable and accrued expenses
beginning of year $40,030 · end of year $32,910
-
27 · Net assets without donor restrictions
beginning of year $1,628,376 · end of year $1,716,116
-
28 · Net assets with donor restrictions
beginning of year $50,000 · end of year $50,000
Mission and programs · 2022
Mission
PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.
Activities or mission (Part I)
PROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $51,978 · Grants $38,767
-
BROKER CONTINUING EDUCATION
As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Amy BarnesAMY BARNES
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jenni BeckJENNI BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrea GreenwaltANDREA GREENWALT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James HaislerJAMES HAISLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim McCoyKIM MCCOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne MillerSUZANNE MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie MurphyLAURIE MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary NelsonMARY NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen RobertsonKAREN ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon ShafferBRANDON SHAFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James SimJAMES SIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ginger SreenanGINGER SREENAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher TenggrenCHRISTOPHER TENGGREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristie TindallKRISTIE TINDALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah WareSARAH WARE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kay WirthKAY WIRTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra WorkmanSANDRA WORKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie ClaytonLAURIE CLAYTON
FOUNDATION MANAGER
- Total calculated
- $123,809
- From this org
- $0
- From related orgs
- $89,693
- Other
- $34,116
- Hours/week
- 23
-
Cathy MadausCATHY MADAUS
TREASURER
- Total calculated
- $184,821
- From this org
- $0
- From related orgs
- $163,020
- Other
- $21,801
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $163,020 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,290 related
- Nontaxable benefits
- $0 + $11,511 related
- Filer's total
- $0 + $184,821 related
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.
-
501(C)(6) · ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS AND PROMOTE EDUCATION · IL
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
REAL ESTATE ADMINISTRATIVE SERVICES INC
C · PROVIDE REAL ESTATE ADMINISTRATIVE SERVICES · IL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342099349301354
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