2023-08-04T11:33:11-04:00 2022-12-31 364428299 STARR M ROBINSON AND ASSOCIATES PC 310 BUSSE HIGHWAY 270 PARK RIDGE IL 600683251 990 2022-01-01 363829465 REALTORS LAND INSTITUTE REAL 8004415263 430 N MICHIGAN AVE CHICAGO IL 60611 AUBRIE KOBERNUS CHIEF EXEC.OFFICER 3123298837 2023-08-03 true AUBRIE KOBERNUS XXX-XX-XXXX true STARR M ROBINSON P00193676 7735941384 2023-08-04 2022 2023-04-26 12:10:37Z AUBRIE KOBERNUS 430 N MICHIGAN AVE CHICAGO IL 60611 2118458 false X WWW.RLILAND.COM X 1992 IL THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. THE ORGANIZATION OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION. 13 13 7 115 30763 0 1418590 1806686 42634 52592 30191 62644 1491415 1921922 0 0 586188 717587 0 0 397428 754101 983616 1471688 507799 450234 2637766 2991950 726082 822575 1911684 2169375 X THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. IT IS A MEMBERSHIP ORGANIZATION CREATED FOR AND BY LAND SALES EXPERTS, AND OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS, DEVELOP NETWORKING AND REFERRAL OPPORTUNITIES AND SERVE AS A VOICE IN WASHINGTON ON LAND-RELATED ISSUES. false false THE REALTORS LAND INSTITUTE IS DEDICATED TO CONTINUAL ENHANCEMENT OF ITS EDUCATIONAL INITIATIVES INCLUDING ITS LAND UNIVERSITY CURRICULUM AND NATIONAL LAND CONFERENCE, ALL OF WHICH FALL UNDER THE ORGANIZATION'S "LANDU" BANNER. THE ORGANIZATION DELIVERS PROFESSIONAL EDUCATION THROUGH AN 11-COURSE CORE CURRICULUM, ON TOPICS SUCH AS LAND 101, LAND INVESTMENT ANALYSIS, AND TAX IMPLICATIONS FOR REAL ESTATE. THESE EDUCATIONAL INITIATIVES ARE DESIGNED TO PROVIDE BEST IN CLASS PROFESSIONAL EDUCATION FOR LAND SPECIALISTS. IN 2022, NO MAJOR CHANGES WERE MADE TO CURRICULUM. THE REALTORS LAND INSTITUTE UTILIZES ELECTRONIC TECHNOLOGY TO IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCIES, AND EXPAND ITS REACH. THROUGH ITS WEBSITE, THE ORGANIZATION OFFERS ITS MEMBERS INDIVIDUAL MEMBER PROFILES WHICH HIGHLIGHT THEIR EXPERTISE AND EXPERIENCE. IN ADDITION, RLI PRODUCES A WEB SEMINAR SERIES, WHICH ALLOWS BOTH MEMBERS AND NON-MEMBERS TO ACCESS CURRENT INFORMATION ONLINE. THE ASSOCIATION ALSO HAS AN ORGANIZATIONAL PRESENCE THROUGH A VARIETY OF SOCIAL MEDIA PLATFORMS. THE REALTORS LAND INSTITUTE IS DEDICATED TO UPGRADES TO ITS COMMUNICATION INITIATIVES, AS EFFECTIVE COMMUNICATION MUST BE AT THE CORE OF ANY MEMBERSHIP ASSOCIATION. ONE SUCH ENHANCEMENT HAS BEEN THROUGH THE GROWTH AND ENHANCEMENT OF THE ORGANIZATION'S ELECTRONIC AND PRINTED NEWSLETTERS WHICH OFFER EXPANDED COVERAGE OF LAND ISSUES, INCLUDING LEGISLATIVE AND RELATED TOPICS. AS A 501C6 ORGANIZATION, PROGRAM EXPENSES ARE NOT REQUIRED TO BE ALLOCATED ON THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. false false false true false false false false false true true false false false true false true false false false false false false false false false false false true false false false false false true false false false false false false false true true 21 0 true 7 true true true false false false false false false false X 13 13 true false false false false false false true true false true true true true true true true true true false true true X AUBRIE KOBERNUS 8004415263 430 N MICHIGAN AVE CHICAGO IL 60611 X DEAN SAUNDERS PRESIDENT 2.00 0.00 X X 0 0 0 LUKE WORRELL PRESIDENT-EL 1.25 0.00 X X 0 0 0 SAM BOWERS VICE PRESIDE 1.25 0.00 X X 0 0 0 THOMAS KRAJEWSKI TREASURER 1.25 0.00 X X 0 0 0 RANDY HERTZ NAR EXECUTIV 1.25 0.00 X X 0 0 0 DANIEL CROCKER ALC DESIGNAT 0.75 0.00 X 0 0 0 DAN MURPHY EDUCATION CO 0.75 0.00 X 0 0 0 RICHARD DEMPSEY GOVT AFFAIRS 0.75 0.00 X 0 0 0 RYAN SAMPSON FUTURE LEADE 0.75 0.00 X 0 0 0 MIKE GARRETT AT LARGE DIR 0.75 0.00 X 0 0 0 DREW ARY AT LARGE DIR 0.75 0.00 X 0 0 0 GEOFF HURDLE AT LARGE DIR 0.75 0.00 X 0 0 0 RENEE HARVEY IMMED PAST P 0.75 0.00 X 0 0 0 RUSSELL RIGGS LEGISLATIVE/ 0.75 0.00 X 0 0 0 AUBRIE KOBERNUS CHIEF EXEC.O 37.50 0.00 X 206710 0 44847 206710 44847 1 false true false MEMBERSHIP DUES,LESS ALLOC TF 900099 887908 887908 EDUCATION COURSES & MEETINGS 900099 477109 477109 CONVENTIONS, EXCL FUNDRAISING 900099 260374 260374 ADVERTISING & SPONSORS,EXCLTF 511120 169998 169998 TERRA FIRMA NEWSLETTER 511120 26531 15804 10727 -15234 -15234 1806686 33959 33959 58995 58995 208290 6879 196536 11754 6879 18633 18633 LEF MANAGEMENT SERVICES 900099 20036 20036 OPEN FENCES MEDIA LLC 900099 -16387 -16387 3649 1921922 1779572 30763 111587 206710 326327 34469 109027 41054 14644 25745 12706 127860 20910 91393 80314 38653 61941 219737 30901 PRINTING & PRODUCTION 8807 LAYOUT 6250 MISCELLANEOUS 5000 POSTAGE 4664 4576 1471688 0 0 0 896981 814789 706759 548825 2251 47857 64252 120225 41207 91584 79018 894585 1307815 175000 2637766 2991950 30105 30068 695977 792507 726082 822575 X 1911684 2169375 1911684 2169375 2637766 2991950 X 450234 -211255 18712 X X false true X true false false false false 820574 2500 2500 2469 31 120225 41207 79018 79018 175000 C 175000 X SCHEDULE D, PAGE 3, PART X RLI FOLLOWS GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX EXPENSE OR BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX EXPENSE OR BENEFIT IS RECORDED. RLI RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. RLI HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2022 AND 2021. DUE TO ITS TAX-EXEMPT STATUS, RLI IS NOT SUBJECT TO U.S. FEDERAL INCOME TAX OR STATE INCOME TAX. RLI DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. RLI IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL OR STATE TAXING AUTHORITIES FOR YEARS ENDING BEFORE DECEMBER 31, 2019. X X X X X false false false AUBRIE KOBERNUS CHIEF EXEC.OFFICER 175000 26250 5460 17500 27347 251557 OPEN FENCES MEDIA LLC BOARD MEMBER 175000 PURCHASE INVESTMENT false SCHEDULE L, PART V DEAN SAUNDERS IS THE BOARD PRESIDENT FOR REALTORS LAND INSTITUTE AND IS ALSO A BOARD MEMBER OF OPEN FENCES MEDIA LLC. REALTORS LAND INSTITUTE INVESTED 175,000 IN OPEN FENCES MEDIA LLC, A PARTNERSHIP, AND A RELATED ENTITY, OFM LAND HOLDINGS LLC. AT THE END OF 2022, REALTORS LAND INSTITUTE HAD A 158,613 CAPITAL ACCOUNT BALANCE. THIS INVESTMENT WAS MADE AT MARKET RATES. THIS PURCHASE WAS OVER THE THRESHOLD FOR A SINGLE TRANSACTION. OPEN FENCES MEDIA LLC IS THE MANAGEMENT ENTITY FOR LAND BROKER CO-OP, WHICH OPERATES THE LAND CONNECTIONS DATABASE. REALTORS LAND INSTITUTE PAID A 3,000 SET-UP FEE TO HAVE AN EMBEDDED FEED CONNECTION TO THE DATABASE FROM THEIR WEBSITE. THIS FEE WAS CHARGED AT MARKET RATES. REALTORS LAND INSTITUTE MEMBERS CAN NOW USE THE DATABASE IN THEIR BUSINESSES TO FIND AND POST PROPERTIES FOR SALE. THIS DATABASE IS AN ADDITIONAL BENEFIT TO REALTORS LAND INSTITUTE MEMBERS. RENEE HARVEY, BOARD MEMBER AND FORMER PRESIDENT FOR REALTORS LAND INSTITUTE IS ALSO A BOARD MEMBER OF LAND BROKER CO-OP. NEITHER DEAN SAUNDERS OR RENEE HARVEY ARE PAID BY REALTORS LAND INSTITUTE, OPEN FENCES MEDIA LLC OR LAND BROKER CO-OP. FORM 990 - ORGANIZATION'S MISSION THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. IT IS A MEMBERSHIP ORGANIZATION CREATED FOR AND BY LAND SALES EXPERTS, AND OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS, DEVELOP NETWORKING AND REFERRAL OPPORTUNITIES AND SERVE AS A VOICE IN WASHINGTON ON LAND-RELATED ISSUES. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF THE BOARD, AND INDIVIDUALS WHO SERVE ON THE FOUR MAIN BOARD COMMITTEES. THESE GROUPS INCLUDE THE ALC DESIGNATION, EDUCATION, GOVERNMENT AFFAIRS AND FUTURE LEADERS COMMITTEES. THERE IS A NAR EXECUTIVE COMMITTEE REPRESENTATIVE. THERE IS A PLANNING COMMITTEE FOR THE NATIONAL LAND CONFERENCE WHICH VOLUNTEERS WHETHER THE CONFERENCE IS IN-PERSON OR VIRTUAL. FORM 990, PAGE 2, PART III, LINE 4D AS A 501C6 ORGANIZATION, PROGRAM EXPENSES ARE NOT REQUIRED TO BE ALLOCATED ON THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. FORM 990, PART VI PART VI - QUESTION 6 THROUGH 7B RLI'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED IN PART VI LINE 6 OF THE 990 INSTRUCTIONS. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE QUESTIONS ON LINE 6 - 7B. PART VI - QUESTION 2- RELATED PARTY INFORMATION AMONG BOARD DIRECTORS: DEAN SAUNDERS AND RICHARD DEMPSEY BOTH WORK AT THE SAME OFFICE OF SVN- SAUNDERS RALSTON DANZLER. RANDY HERTZ SERVES ON THE BOARD OF THE LAND EDUCATION FOUNDATION, IN ADDITION TO THE REALTORS LAND INSTITUTE. RLI INVESTED IN OPEN FENCES MEDIA LLC, THE MANAGEMENT COMPANY OF THE LAND BROKER CO-OP. SEVERAL MEMBERS OF THE RLI BOARD ARE MEMBERS OF THE CO-OP. ACCORDINGLY, THOSE BOARD MEMBERS RECUSED THEMSELVES FROM THE RLI BOARD VOTE ON THE MOTION TO INVEST. FORM 990, PAGE 6, PART VI, LINE 2 SVN-SAUNDERS RALSTON DANZLER SNV-SAUNDERS RALSTON DANZLER MANAGING DIR SR. ADVISOR CO-WORKERS FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED BY THE OFFICERS BEFORE OR DURING THE RLI MAY 2023 BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ON AN ANNUAL BASIS, THE DIRECTORS RECEIVE A QUESTIONNAIRE DESIGNED TO HELP IDENTIFY ANY CONFLICTS OF INTEREST ISSUES THAT MAY NEED TO BE ADDRESSED BY THE GOVERNING BODY. AS ADMINISTERED BY THE CHIEF EXECUTIVE OFFICER, EACH DIRECTOR WILL BE ASKED TO COMPLETE A CERTIFICATION OF AGREEMENT WITH THE RLI CONFLICT OF INTEREST POLICY AND DISCLOSURE OF ANY KNOWN CONFLICTS OF INTEREST UPON HIS OR HER ELECTION OR RE-ELECTION TO THE BOARD AND ANNUALLY THEREAFTER. EACH SENIOR STAFF MEMBER WILL BE ASKED TO COMPLETE SUCH A CERTIFICATION UPON HIS OR HER EMPLOYMENT AND ON AN ANNUAL BASIS THEREAFTER. ALL CERTIFICATIONS SHALL BE REVIEWED BY THE BOARD AS APPROPRIATE. WHENEVER ANY DIRECTOR HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST THAT COULD NEGATIVELY IMPACT THE OPERATIONS OF THE REALTORS LAND INSTITUTE, HE OR SHE SHALL NOTIFY THE BOARD CHAIR OF SUCH CONFLICT IN WRITING. WHENEVER ANY STAFF MEMBER (PAID OR VOLUNTEER) HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST THAT COULD NEGATIVELY IMPACT THE OPERATIONS OF THE REALTORS LAND INSTITUTE, HE OR SHE SHALL NOTIFY THE APPROPRIATE INDIVIDUAL, EITHER THE BOARD CHAIR OR THE CHIEF EXECUTIVE, OF SUCH CONFLICT IN WRITING. THE MINUTES OF THE MEETING OF THE BOARD OR ITS COMMITTEE SHALL REFLECT THAT CONFLICT OF INTEREST WAS DISCLOSED, THAT THE INTERESTED PERSON WAS NOT PRESENT DURING THE DISCUSSION OR DECISION ON THE MATTER, AND DID NOT VOTE. FORM 990, PAGE 6, PART VI, LINE 15A THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, PERFORMANCE EVALUATIONS AND OTHER INFORMATION APPROVED BY THE EXECUTIVE COMMITTEE OF THE RLI (REALTORS LAND INSTITUTE) BOARD OF DIRECTORS. THIS COMMITTEE CONSISTS OF THE PRESIDENT, PRESIDENT-ELECT, VICE PRESIDENT AND IMMEDIATE PAST PRESIDENT. THE DECISION REGARDING THE FINAL DETERMINATION OF THE COMPENSATION PACKAGE OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS DOCUMENTED IN THE EMPLOYEE'S HUMAN RESOURCES FILES. ON AN ANNUAL BASIS, THE CHIEF EXECUTIVE OFFICER HAS A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE ANY CHANGES IN PAY (INCLUDING BONUSES, COST OF LIVING AND MERIT INCREASES). THE CHIEF EXECUTIVE OFFICER'S COMPENSATION FOR THE 2022 TAX YEAR WAS DETERMINED AT HER EVALUATION ON 12/07/2021. STAFF RAISES WERE APPROVED AT THE JANUARY 2022 BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE BY CASE BASIS UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AT ANY TIME. FORM 990, PART XI, LINE 9 NON-DIVIDEND DISTR & INVESTTIMING 2,316 INVESTMENT FEE 9 LOSS ON OPEN FENCES MEDIA K-1 16,387 TOTAL 18,712 FORM 990, PART XII FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ISSUED ON A CONSOLIDATED BASIS WITH THE NATIONAL ASSOCIATION OF REALTORS (NAR). NAR'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. OPEN FENCES MEDIA LLC 15502 MAUNA LOA LANE HOUSTON TX 77040 830558380 CO-OP MNGT TX RELATED false -16387 158613 false false 0.03660 OFM LAND HOLDINGS LLC 15502 MAUNA LOA LANE HOUSTON TX 77040 830603023 RE MNGT TX UNRELATED false false false 0.06660 SCHEDULE R REALTORS LAND INSTITUTE MADE A 175,000 INVESTMENT IN 2022, PURCHASING A 3.6586% INTEREST IN OPEN FENCES MEDIA LLC AND A 6.6559% INTEREST IN OFM LAND HOLDINGS LLC. ALL CAPITAL CONTRIBUTIONS WERE SHOWN ON THE K-1 FOR OPEN FENCES MEDIA LLC. BOTH OF THESE LLCS ARE UNRELATED ENTITIES TO REALTORS LAND INSTITUTE. OPEN FENCES MEDIA LLC IS THE MANAGEMENT COMPANY FOR THE LAND BROKER CO-OP. THIS CO-OP OPERATES A DATABASE WITH THE "LAND CONNECTIONS" LISTING. THIS LISTING IS USED BY REALTORS WHO SPECIALIZE IN LAND, AND THEREFORE THE LAND BROKER CO-OP MEMBERS HAVE SIMILAR INTERESTS AND CONCERNS AS REALTORS LAND INSTITURE MEMBERS. AFTER A (16,387) ORDINARY LOSS IN 2022, THE TOTAL ASSETS TEST INDICATED THAT REALTORS LAND INSTITUTE CONDUCTED 5.3% OF ITS ACTIVITIES THROUGH THE OPEN FENCES MEDIA PARTNERSHIP, MORE THAN 5%. THEREFORE, THE LLC'S ARE REPORTED ON SCHEDULE R, PART VI.