Form 990 for tax year 2024
Filed by PENSION REAL ESTATE ASSOCIATION.
Totals
- Total revenue
- $9,103,435
- Total expenses
- $6,748,504
- Contributions and grants received
- $208,000
- Grants paid
- $173,081
- Program service revenue
- $8,104,416
- Investment income
- $536,769
- Other revenue
- $254,250
- Total assets, end of year
- $12,765,911
- Total liabilities, end of year
- $2,026,798
- Net assets or fund balances, end of year
- $10,739,113
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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)
$208,000
-
2a · Program service revenue: CONFERENCE FEES
total $5,130,755 · related or exempt $5,130,755
-
2b · Program service revenue: MEMBERSHIP DUES
total $2,973,661 · related or exempt $2,973,661
-
3 · Investment income
total $536,769 · excluded $536,769
-
11a · Other revenue: ADVERTISING INCOME
total $254,250 · unrelated business $254,250
-
11e · Other revenue, total
$254,250
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $115,116
-
2 · Grants to domestic individuals
total $57,965
-
5 · Compensation of officers, directors and key employees
total $519,560
-
7 · Other salaries and wages
total $1,442,288
-
8 · Pension plan contributions
total $99,487
-
9 · Other employee benefits
total $97,956
-
10 · Payroll taxes
total $82,669
-
11b · Fees: legal
total $17,266
-
11c · Fees: accounting
total $22,100
-
11g · Fees: other
total $371,114
-
13 · Office expenses
total $146,556
-
14 · Information technology
total $44,488
-
16 · Occupancy
total $124,690
-
17 · Travel
total $186,161
-
19 · Conferences, conventions and meetings
total $3,200,136
-
22 · Depreciation, depletion and amortization
total $3,704
-
23 · Insurance
total $37,127
-
24a · Other expenses: CREDIT CARD FEES
total $121,663
-
24b · Other expenses: RESEARCH PROJECTS
total $41,843
-
24c · Other expenses: EQUIPMENT MAINTENANCE
total $7,258
-
24e · All other expenses
total $9,357
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $795,795 · end of year $617,231
-
2 · Savings and temporary cash investments
beginning of year $9,056,919 · end of year $11,400,800
-
4 · Accounts receivable
beginning of year $191,029 · end of year $443,609
-
9 · Prepaid expenses and deferred charges
beginning of year $155,993 · end of year $252,590
-
10a · Land, buildings and equipment: cost or other basis
$140,542
-
10b · Land, buildings and equipment: accumulated depreciation
$130,544
-
10c · Land, buildings and equipment, net
beginning of year $3,591 · end of year $9,998
-
15 · Other assets
beginning of year $133,042 · end of year $41,683
-
17 · Accounts payable and accrued expenses
beginning of year $348,243 · end of year $378,891
-
19 · Deferred revenue
beginning of year $1,034,702 · end of year $1,412,794
-
25 · Other liabilities
beginning of year $618,394 · end of year $235,113
-
27 · Net assets without donor restrictions
beginning of year $8,335,030 · end of year $10,739,113
Mission and programs · 2024
Mission
PREA'S MISSION IS TO SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT THROUGH THE SPONSORSHIP OF OBJECTIVE FORUMS FOR EDUCATION, RESEARCH INITIATIVES, MEMBERSHIP INTERACTION AND THE EXCHANGE OF INFORMATION.
Activities or mission (Part I)
SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT
-
PROVISION OF EDUCATION TO ITS 700 MEMBERS PRIMARILY THROUGH RESEARCH, PUBLICATIONS, CONFERENCES AND ONLINE RESOURCES.
As filed on the 2024 return.
Listed in Part VII
-
Gail C HaynesGAIL C HAYNES
PRESIDENT
- Total calculated
- $519,560
- From this org
- $458,708
- From related orgs
- $0
- Other
- $60,852
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $336,208
- Bonus
- $122,500
- Other
- $0
- Deferred
- $34,500
- Nontaxable benefits
- $26,352
- Filer's total
- $519,560
-
Gregory H MacKinnonGREGORY H MACKINNON
DIRECTOR-RESEARCH
- Total calculated
- $424,669
- From this org
- $342,908
- From related orgs
- $0
- Other
- $81,761
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $312,908
- Bonus
- $30,000
- Other
- $0
- Deferred
- $34,200
- Nontaxable benefits
- $47,561
- Filer's total
- $424,669
-
Amy LaffargueAMY LAFFARGUE
DIRECTOR- MEETINGS & EVENTS
- Total calculated
- $281,250
- From this org
- $225,000
- From related orgs
- $0
- Other
- $56,250
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,000
- Bonus
- $30,000
- Other
- $0
- Deferred
- $56,250
- Nontaxable benefits
- $0
- Filer's total
- $281,250
-
Jack R NowakowskiJACK R NOWAKOWSKI
DIRECTOR-INFORMATION
- Total calculated
- $212,423
- From this org
- $210,369
- From related orgs
- $0
- Other
- $2,054
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,369
- Bonus
- $0
- Other
- $0
- Deferred
- $1,787
- Nontaxable benefits
- $267
- Filer's total
- $212,423
-
Jennifer BlanchardJENNIFER BLANCHARD
FINANCIAL CONTROLLER
- Total calculated
- $147,613
- From this org
- $125,000
- From related orgs
- $0
- Other
- $22,613
- Hours/week
- 40
-
Jared ChaseJARED CHASE
STAFF WRITER & EDITOR
- Total calculated
- $129,866
- From this org
- $109,506
- From related orgs
- $0
- Other
- $20,360
- Hours/week
- 40
-
Anar ChudgarANAR CHUDGAR
CHAIR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Manuel CasagnaMANUEL CASAGNA
IMMEDIATE PAST CHAIR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Isabelle MartinISABELLE MARTIN
VICE CHAIR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher MerrilCHRISTOPHER MERRIL
TREASURER (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Gadi KaufmannGADI KAUFMANN
TREASURER (UNTIL 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Danita JohnsonDANITA JOHNSON
SECRETARY (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Catherine MarcusCATHERINE MARCUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sally HaskinsSALLY HASKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Adam GallistelADAM GALLISTEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Christy FieldsCHRISTY FIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cia Buckley MarakovitsCIA BUCKLEY MARAKOVITS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dennis LopezDENNIS LOPEZ
DIRECTOR (UNTIL 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Dhvani ShahDHVANI SHAH
DIRECTOR (UNTIL 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew IerardiANDREW IERARDI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Barbara JesueleBARBARA JESUELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer StevensJENNIFER STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly AdamsKIMBERLY ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
W Jeffrey BeckhamW JEFFREY BECKHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey GillerJEFFREY GILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John GluszakJOHN GLUSZAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Adam SchwartzADAM SCHWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sarah CachatSARAH CACHAT
DIRECTOR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie DoneganJULIE DONEGAN
DIRECTOR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
-
Grant WalkerGRANT WALKER
DIRECTOR (AS OF 3/24)
- Total calculated
- $0
- Hours/week
- 0.5
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 4B
- AMY LAFFARGUE PARTICIPATES IN A SECTION 457(F) PLAN. CONTRIBUTIONS OF $33,750 WERE MADE TO THE PLAN IN 2024. THE SECTION 457(F) PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE.
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
-
$75,000
JOINT INITIATIVE
-
$20,116
GENERAL OPERATING EXPENSES
-
REAL ESTATE RESEARCH INSTITUTE
$10,000
ANNUAL SUPPORT FOR RESEARCH
-
$10,000
FUNDING SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532769349300618
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