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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
$288,824
Total expenses
$258,011
Contributions and grants received
$101,063
Grants paid
$0
Program service revenue
$165,461
Investment income
$2,199
Other revenue
$20,101
Total assets, end of year
$324,193
Total liabilities, end of year
$83,881
Net assets or fund balances, end of year
$240,312
Program services expenses (Part IX)
$179,099
Management and general expenses
$78,912
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 69.4% 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

    $101,063

  • 2a · Program service revenue: REGULAR MEETINGS & PROGRAMS

    total $104,415 · related or exempt $104,415

  • 2b · Program service revenue: EDUCATION PROGRAMS

    total $61,046 · related or exempt $61,046

  • 3 · Investment income

    total $2,199 · related or exempt $2,199

  • 8a · Fundraising events: gross income

    $118,191

  • 8b · Fundraising events: direct expenses

    $98,090

  • 8c · Net income from fundraising events

    total $20,101

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $69,394 · management and general $69,394

  • 11c · Fees: accounting

    total $6,849 · management and general $6,849

  • 11g · Fees: other

    total $2,008 · program services $2,008

  • 13 · Office expenses

    total $2,669 · management and general $2,669

  • 17 · Travel

    total $29,889 · program services $29,889

  • 24a · Other expenses: MEETINGS

    total $99,474 · program services $99,474

  • 24b · Other expenses: EDUCATION

    total $33,012 · program services $33,012

  • 24c · Other expenses: GIFTS

    total $8,980 · program services $8,980

  • 24d · Other expenses: PROCESSING FEES

    total $4,427 · program services $4,427

  • 24e · All other expenses

    total $1,309 · program services $1,309

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,883 · end of year $314,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,856 · end of year $9,425

  • 25 · Other liabilities

    beginning of year $109,240 · end of year $83,881

  • 27 · Net assets without donor restrictions

    beginning of year $209,497 · end of year $240,312

Mission and programs · 2023

Mission

THE INDIANAPOLIS IREM CHAPTER 24 WILL ENCOURAGE THE ADVANCEMENT OF CREDENTIALING AND EDUCATIONAL OPPORTUNITIES, WHILE CREATING A MEANINGFUL MEMBERSHIP EXPERIENCE WITH A FOCUS ON ETHICS, COMMUNITY OUTREACH AND PROFESSIONAL EXCELLENCE. THIS IS ACCOMPLISHED BY OFFERING EDUCATIONAL CLASSES VIA ONLINE OR IN THE CLASSROOM ALLOWING MEMBERS TO ATTAIN DESIRED DESIGNATIONS AND/OR BENEFIT MEMBERS BY ASSISTING THEM IN PERFORMING THEIR JOBS TO A LEVEL OF PROFESSIONALISM. THE INDIANAPOLIS IREM CHAPTER 24'S THREE MAIN PROGRAMS INCLUDE... THE ANNUAL IREM INDY SALLY LENTZ-CROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AT THE IREM INDY CHAPTER LEVEL. THE IREM INDY ANNUAL STUDENT OUTREACH PROGRAM - TAKE OUR FUTURE TO LUNCH. THIS SCHOLARSHIP PROGRAM INCLUDES A CASH REWARD AND A STUDENT MEMBERSHIP TO THREE STUDENTS, ONE EACH FROM THE INDIANA UNIVERSITY AND

  • ANNUAL IREM INDY SALLY LENTZ-CROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AT THE IREM INDY CHAPTER LEVEL.

  • Withheld by Nonprofiteer: this text may name a private individual.

  • SEMI-ANNUAL IREM INDY MEMBER EDUCATION SCHOLARSHIPS PROVIDES AN ALLOWANCE TO A DESERVING MEMBER TO ATTEND ANY IREM CERTIFICATION EDUCATION COURSE OF THEIR CHOOSING AND LOCATION. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AND DESIGNATION ATTAINMENT AT THE IREM INDY CHAPTER LEVEL.

  • IREM INDIANAPOLIS CHAPTER 24 SPONSORS TWO COMMUNITY CARING EVENTS DESIGNED TO FOSTER MEMBER PARTICIPATION, LEADERSHIP TRAINING, AND CAMARADERIE WHILE GIVING BACK TO CENTRAL INDIANA. HEROS FOR THE HOUSE IS A 5K RUN.WALK.BIKE EVENT BENEFITING THE RONALD MCDONALD HOUSE OF INDIANA. IT IS A TOTAL NET EVENT WITH ALL PROCEEDS GOING TO THE RONALD MCDONALD HOUSE OF INDIANA. WE ARE IN OUR 10TH YEAR OF SPONSORING THE RUN WITH ALL MEMBER VOLUNTEERS AS THE COMMITTEE. IREM INDIANAPOLIS CHAPTER 24 HAS CONTRIBUTED OVER 114,000 TO RMH WITH THE HELP OF SPONSORS AND PARTICIPANTS IN THE EVENT. RACE DAY INCLUDES OVER 75 MEMBER VOLUNTEERS TO ASSIST IN THE SMOOTH OPERATION AND RUNNING OF AN EVENT THAT BOASTS OVER 600 PARTICIPANTS. THE IREM INDIANAPOLIS CHAPTER 24 GOLF OUTING IS IN ITS 20TH YEAR AND BENEFITS IREM INDY AND THE CHILDREN'S DYSLEXIC LEARNING CENTER OF INDIANA. WE HAVE PAIRED WITH THIS ORGANIZATION SINCE THE OUTING'S INCEPTION AND CONTINUE TO SUPPORT THE LEARNING CENTER WITH A DONATION EVERY YEAR. WE HAVE CONTRIBUTED OVER 100,000 TO THIS ORGANIZATION THAT HELPS TUTOR KIDS AND TEACH INSTRUCTORS FOR STUDENTS BATTLING DYSLEXIA.

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

  • Nicole Blanton

    IREM IAE

    Total calculated
    $0
    Hours/week
    2
  • Cynthia Boggs

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Katie Ciechanowicz

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • Viki Hamblen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Jennifer King

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Kris Moore

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Whitney Rump

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Casey Rusk

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

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
7 July 2024
IRS schema version
2023v5.0
Source object
202432119349300763

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