2024-07-26T09:59:10+00:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 75 STATE ST 13TH FLOOR BOSTON MA 02109 990 2023-05-03 923618684 REALTOR FUND FOR GLOBAL ASSISTANCE REAL 3123298200 430 N Michigan Avenue Chicago IL 60611 JOHN PIERPOINT NAR CFO 3123298200 2024-07-26 true ERIN COUTURE P01390592 6177237900 2024-07-26 2023 2024-08-08 14:25:15Z X Ron Phipps 430 N Michigan Avenue Chicago IL 60611 131737 false X N/A X 2023 IL The REALTOR Fund for Global Assistance (the "RFGA"), is a 501(C)3 nonprofit corporation dedicated to support global relief efforts and offer housing-focused support to victims of international disasters. 3 3 0 5 0 0 131737 0 0 0 0 131737 0 0 0 0 0 0 0 0 131737 0 131737 0 0 0 131737 The REALTOR Fund for Global Assistance (the "RFGA"), is a 501(C)3 nonprofit corporation dedicated to support global relief efforts and offer housing-focused support to victims of international disasters. false false The REALTOR Fund for Global Assistance (the "RFGA") had provided charitable donations in the approximate amount of $20,000 USD to international organizations, including members of the Association of Real Estate Specialists of Ukraine (ASNU) in 2022. These funds were used for emergency housing costs due to the impact of the war in Ukraine. No funds were raised in 2023, as the focus was to establish the organization's 501(c)(3) status and administrative support framework. Fundraising efforts and disbursement of donations will commence by year-end 2024 once state charitable solicitation registrations are confirmed. Note that all funds are distributed on an "as needed" basis by the organization's Board of Directors based on requests for financial support from organizations in need of disaster relief. 0 true true false false false false false false false false false false false false true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false X 3 3 true false false false true true true true false false false true true true true true true false false false CA CT FL GA AL HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OR PA RI SC TN UT VA AR WV WI X John Pierpoint 3123298200 430 N Michigan Avenue Chicago IL 60611 CLAIRE KILLEN VICE PRESIDENT 0.5 0.5 X X 0 0 0 PHIL HAWKINS SECRETARY / TREASURER 0.5 0 X X 0 0 0 RONALD PHIPPS PRESIDENT 0.5 0.5 X X 0 0 0 JOHN PIERPOINT NAR CFO 0.5 49.5 X 0 794320 56976 0 794320 56976 0 false true false 0 131137 600 131737 0 0 0 0 0 0 0 0 0 0 0 0 0 0 131737 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 131737 0 0 0 0 0 0 0 0 0 0 131737 0 0 0 0 0 X 0 131737 0 131737 0 131737 131737 0 X false true X true false X 0 0 0 0 131737 131737 0 0 0 0 0 0 131737 131737 117457 14280 0 0 0 0 0 0 0 0 131737 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 157486 25749 0 25749 131737 0 0 131737 25749 25749 0 25749 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RFGA follows guidance issued by the Financial Accounting Standards Board ("FASB") for accounting for uncertain tax positions and requires management to evaluate tax positions taken by RFGA. Management has analyzed the tax positions taken by RFGA and has concluded that as of and for the period from May 3 to December 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require disclosure in the financial statements. false false false false false false false false false JOHN PIERPOINT NAR CFO 0 561376 0 227400 0 5544 0 33000 0 23976 0 851296 0 0 Schedule J, Part I, Line 3 COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED AND PAID BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION. NAR UTILIZES THE FOLLOWING METHODS TO DETERMINE THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OF DIRECTORS Form 990, Part VI, Line 15 PROCESS FOR ESTABLISHING COMPENSATION National Association of REALTORS (NAR), a related organization, compensates the organization's top financial officer. The related organizations establishes the top financial officer's compensation through a compensation committee utilizing both an independent consultant and comparability studies to determine compensation. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JOHN PIERPOINT - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders NATIONAL ASSOCIATION OF REALTORS IS THE SOLE MEMBER OF REALTOR FUND FOR GLOBAL ASSISTANCE (RFGA) AS DEFINED IN THE FORM 990 INSTRUCTIONS DUE TO ITS ABILITY TO APPOINT RFGA BOARD OF DIRECTORS. HOWEVER, THE AFFAIRS OF THE RFGA ARE MANAGED BY OR UNDER THE DIRECTION OF THE RFGA BOARD OF DIRECTORS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body NATIONAL ASSOCIATION OF REALTORS IS THE SOLE MEMBER OF REALTOR FUND FOR GLOBAL ASSISTANCE (RFGA) AS DEFINED IN THE FORM 990 INSTRUCTIONS DUE TO ITS ABILITY TO APPOINT RFGA BOARD OF DIRECTORS. HOWEVER, THE AFFAIRS OF THE RFGA ARE MANAGED BY OR UNDER THE DIRECTION OF THE RFGA BOARD OF DIRECTORS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders NATIONAL ASSOCIATION OF REALTORS CONTROLS RFGA THROUGH ITS ABILITY TO APPOINT MEMBERS TO THE RFGA BOARD OF DIRECTORS. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body RFGA HAD NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX RETURN IS REVIEWED IN DETAIL AND APPROVED BY THE NATIONAL ASSOCIATION OF REALTORS CFO BEFORE IT IS FILED. THE RETURN IS ALSO PRESENTED AND REVIEWED AT THE NOVEMBER BOARD OF DIRECTORS MEETING. Form 990, Part VI, Line 12c Conflict of interest policy EACH YEAR THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO THE CURRENT OFFICERS AND DIRECTORS. THESE INDIVIDUALS ARE ASKED TO DISCLOSE ANY CURRENT OR POTENTIAL CONFLICTS. IN ADDITION, ON AN ANNUAL BASIS, THEY RECEIVE AN QUESTIONNAIRE DESIGNED TO DETERMINE IF THERE ARE CONFLICT ISSUES THAT NEED TO BE ADDRESSED BY THE GOVERNING BODY OR REPORTED ON THE IRS FORM 990. ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REVIEWED AND EVALUATED INITIALLY BY THE RFGA BOARD, THEN BY THE NATIONAL ASSOCIATION OF REALTORS LEGAL DEPARTMENT AND FOLLOWED UP ON BY THE NATIONAL ASSOCIATION OF REALTORS GENERAL COUNSEL. AFTER HEARING THE FINDINGS OF THE GENERAL COUNSEL, THE RFGA BOARD OF DIRECTORS DETERMINE THE APPROPRIATE STEPS TO ALLEVIATE, MONITOR AND DEAL WITH CONFLICTS, SUCH AS RESTRICTING THE ACTIONS OF PERSONS WITH A CONFLICT BY PROHIBITING THEM FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS FOR A PARTICULAR TRANSACTION. Form 990, Part VI, Line 19 Required documents available to the public THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE-BY-CASE BASIS UPON REQUEST. CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST AT ANY TIME. Schedule B, Part I and II Line 2 The $11,045 funded to RFGA were donations from NAR members collected by REALTORS Relief Foundation (RRF) on behalf of RFGA. 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