2023-04-25T17:40:58-05:00 2022-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 200 WESTBOROUGH MA 01581 990 2022-01-01 510203825 INSTITUTE OF REAL ESTATE MANAGEMENT BOSTON METROPOLITAN CHAPTER NO 4 INST 6174367565 5 WAMPATUCK WAY SCITUATE MA 02066 MELISSA FISH-CRANE PRESIDENT 6174367565 2023-04-25 1 MELISSA FISH-CRANE 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2023-04-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MELISSA FISH-CRANE 5 WAMPATUCK WAY SCITUATE MA 02066 432426 0 X WWW.IREMBOSTON.ORG X 1945 MA TO FACILITATE THE DEVELOPMENT OF TECHNICAL AND EDUCATIONAL MATERIALS FOR THE FIELD OF REAL ESTATE MANAGEMENT AND ORGANIZE AND CONDUCT EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION AND GENERAL PUBLIC UNDER THE DIRECTION AND SUPERVISION OF THE INSTITUTE OF REAL ESTATE MANAGEMENT. 17 16 1 0 0 0 1980 1980 314029 329322 0 39 46653 57709 362662 389050 0 0 0 0 146524 173967 0 0 81651 140505 170551 287029 344518 75633 44532 393485 436607 59306 57896 334179 378711 X TO FACILITATE THE DEVELOPMENT OF TECHNICAL AND EDUCATIONAL MATERIALS FOR THE FIELD OF REAL ESTATE MANAGEMENT AND ORGANIZE AND CONDUCT EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION AND GENERAL PUBLIC UNDER THE DIRECTION AND SUPERVISION OF THE INSTITUTE OF REAL ESTATE MANAGEMENT. 0 0 169163 329732 VARIOUS SEMINARS AND COURSES TO PROVIDE MEMBERS WITH UPDATED EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. DINNER MEETINGS FOR MEMBERS RELATED DIRECTLY TO THE ORGANIZATION'S EXEMPT PURPOSES OF PROVIDING MEMBERS EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. SERVICES OF THE OFFICERS AND VARIOUS OTHER MEMBERS ARE DONATED IN ORDER TO ACCOMPLISH THE ORGANIZATION'S EXEMPT FUNCTIONS AND TO ADMINISTER ITS EXEMPT ACTIVITIES. 169163 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X KELLEY HANNON 6174367565 5 WAMPATUCK WAY SCITUATE MA 02066 WARREN LIZIO EXECUTIVE COUNCILOR 1.00 X 0 0 0 PAMELIA HAYNES EXECUTIVE COUNCILOR 1.00 X 0 0 0 TONY SUSI SECRETARY 1.00 X X 0 0 0 MELISSA FISH-CRANE PRESIDENT 1.00 X X 0 0 0 WILLIAM WOODWARD VICE PRESIDENT 1.00 X X 0 0 0 KRISTIN PINE EXECUTIVE COUNCILOR 1.00 X 0 0 0 CHRISTOPHER E MELLEN EXECUTIVE COUNCILOR 1.00 X 13120 0 0 JOHN PARDA EXECUTIVE COUNCILOR 1.00 X 0 0 0 KIMBERLY PARKER EXECUTIVE COUNCILOR 1.00 X 0 0 0 CHRIS SALAMANIS TREASURER 1.00 X X 0 0 0 SCOTT CHAKOUTIS EXECUTIVE COUNCILOR 1.00 X 0 0 0 YOANY VARGAS EXECUTIVE COUNCILOR 1.00 X 0 0 0 DAVID BARRETT EXECUTIVE COUNCILOR 1.00 X 0 0 0 PETER LEWIS EXECUTIVE COUNCILOR 1.00 X 0 0 0 NANCY GAUDET EXECUTIVE COUNCILOR 1.00 X 0 0 0 FRANK CEVETELLO EXECUTIVE COUNCILOR 1.00 X 0 0 0 ROBERT PHILLIPS EXECUTIVE COUNCILOR 1.00 X 0 0 0 KELLEY HANNON EXECUTIVE DIRECTOR 40.00 X 149500 0 0 162620 0 0 1 0 0 0 0 1980 1980 EDUCATION AND MEETING 531390 202373 202373 MEMBERSHIP DUES 531390 102699 102699 FRIENDS OF IREM SERVIC 531390 24250 24250 329322 39 39 100675 1980 43376 57299 57299 OTHER INCOME 900099 410 410 410 389050 329732 0 57338 162776 58017 37414 67345 11191 3357 2798 5036 18835 18835 5062 5062 11806 2564 9242 28217 4969 16179 7069 20807 20807 5572 1471 1900 2201 73104 69926 3178 787 787 262 262 MISCELLANEOUS 3599 2990 609 CHARITABLE DONATIONS 2500 2500 344518 169163 93704 81651 244919 292022 115178 115217 8240 1762 15367 18612 3937 2656 2068 1281 7713 7713 393485 436607 7928 6862 51378 51034 59306 57896 X 334179 378711 334179 378711 393485 436607 44532 0 X 1 X 0 0 0 0 1 0 3937 2656 1281 1281 X PART X, LINE 2: TAX POSITION: THE INSTITUTE CURRENTLY EVALUATES ALL TAX POSITIONS, AND MAKES A DETERMINATION REGARDING THE LIKELIHOOD OF THOSE POSITIONS BEING UPHELD UNDER REVIEW. THE PRIMARY TAX POSITIONS MADE BY THE INSTITUTE ARE THE NONEXISTENCE OF UNRELATED BUSINESS INCOME TAX AND THE INSTITUTE'S STATUS AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FOR THE YEARS PRESENTED, THE INSTITUTE HAS NOT RECOGNIZED ANY TAX BENEFITS OR LOSS CONTINGENCIES FOR UNCERTAIN TAX POSITIONS BASED ON THIS EVALUATION. GOLF TOURNAMENT 102655 1980 100675 24500 16696 2179 102655 1980 100675 24500 16696 2179 43375 57300 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS HOLDING GOOD STANDING MEMBERSHIP IN THE INSTITUTE OF REAL ESTATE MANAGEMENT ARE ELIGIBLE TO BE MEMBERS OF THE IREM BOSTON CHAPTER. ALL CHAPTER MEMBERS WITH INDUSTRY SPECIFIC DESIGNATIONS AS SPECIFIED IN THE BYLAWS SHALL BE VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBERS ELECT THE OFFICERS AND DIRECTORS OF THE CHAPTER FOLLOWING A PROTOCOL SET FORTH BY A NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND MANAGEMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES AND EMPLOYEES OF THE ORGANIZATION. SELECTED BOARD MEMBERS MEET AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED ON AN ANNUAL BASIS AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, COMPENSATIONS ARE APPROVED FOR SELECTED KEY EXECUTIVES AND EMPLOYEES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE INSTITUTES OFFICE AND ARE AVAILABLE FOR PUBLIC INSPECTION.