2024-06-17T19:17:11-04:00 2023-12-31 364428299 STARR M ROBINSON AND ASSOCIATES PC 310 BUSSE HIGHWAY 270 PARK RIDGE IL 600683251 990 2023-01-01 363829465 REALTORS LAND INSTITUTE REAL 8004415263 430 N MICHIGAN AVE CHICAGO IL 60611 AUBRIE KOBERNUS CHIEF EXEC.OFFICER 3123298837 2024-06-17 true AUBRIE KOBERNUS XXX-XX-XXXX true STARR M ROBINSON P00193676 7735941384 2024-06-17 2023 2023-04-26 12:10:37Z AUBRIE KOBERNUS 430 N MICHIGAN AVE CHICAGO IL 60611 2511530 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 7 130 44018 0 1806686 1886564 52592 25535 62644 40533 1921922 1952632 2500 0 717587 790189 0 0 754101 814834 1471688 1607523 450234 345109 2991950 3443832 822575 776317 2169375 2667515 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 2023, 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 true false false false false false false false false false false true 23 0 true 7 true true true false false false false false false false X 13 13 false 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 LUKE WORRELL PRESIDENT 2.00 0.00 X X 0 0 0 SAM BOWERS PRESIDENT-EL 1.25 0.00 X X 0 0 0 DAN MURPHY VICE PRESIDE 1.25 0.00 X X 0 0 0 THOMAS KRAJEWSKI TREASURER 1.25 0.00 X X 0 0 0 BOB TURNER NAR EXECUTIV 1.25 0.00 X X 0 0 0 NORMA NISBET ALC DESIGNAT 0.75 0.00 X 0 0 0 MATT DAVIS GOVT AFFAIRS 0.75 0.00 X 0 0 0 TRENT LISTER FUTURE LEADE 0.75 0.00 X 0 0 0 STEPHEN DAVIS EDUCATION CO 0.75 0.00 X 0 0 0 MIKE GARRETT AT LARGE DIR 0.75 0.00 X 0 0 0 JOEL KING AT LARGE DIR 0.75 0.00 X 0 0 0 WILLIAM ROLLINS AT LARGE DIR 0.75 0.00 X 0 0 0 DEAN SAUNDERS 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 206815 0 51720 206815 51720 1 false true false MEMBERSHIP DUES,LESS ALLOC TF 900099 908837 908837 EDUCATION COURSES & MEETINGS 900099 420325 420325 CONVENTIONS, EXCL FUNDRAISING 900099 346293 346293 ADVERTISING & SPONSORS,EXCLTF 511120 192925 192925 TERRA FIRMA NEWSLETTER 511120 40162 24693 15469 -21978 -21978 1886564 44827 44827 29620 29620 538426 1180 558898 -20472 1180 -19292 -19292 LEF MANAGEMENT SERVICES 900099 28549 28549 OPEN FENCES MEDIA LLC 900099 -17636 -17636 10913 1952632 1853459 44018 55155 2500 206710 393520 36900 110574 42485 3247 33439 12688 113853 17871 98277 89779 39818 73916 252048 35661 PRINTING & PRODUCTION 17419 POSTAGE 11525 LAYOUT 10000 DONATION TO RPAC 2500 2793 1607523 0 0 0 814789 1119656 548825 528588 2251 951 64252 81314 130932 67418 79018 63514 1307815 1474809 175000 175000 2991950 3443832 30068 56984 792507 719333 822575 776317 X 2169375 2667515 2169375 2667515 2991950 3443832 X 345109 136643 16388 X X false true X true false false false false 824715 2500 2500 2493 7 130932 67418 63514 63514 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, 2023 AND 2022. 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, 2020. X X X X X false false false AUBRIE KOBERNUS CHIEF EXEC.OFFICER 175000 26250 5565 17500 34220 258535 DEAN SAUNDERS BOARD MEMBER HOLDS INVESTMENT false SCHEDULE L, PART V DEAN SAUNDERS, BOARD MEMBER AND IMMEDIATE PAST PRESIDENT, FOR REALTORS LAND INSTITUTE IS ALSO A BOARD MEMBER OF OPEN FENCES MEDIA LLC. REALTORS LAND INSTITUTE INVESTED 175,000 IN 2022 IN OPEN FENCES MEDIA LLC, A PARTNERSHIP, AND A RELATED ENTITY, OFM LAND HOLDINGS LLC, AND WAS CARRIED ON THE BOOKS AT THE COST BASIS. AT THE END OF 2023, REALTORS LAND INSTITUTE HAD A 140,977 CAPITAL ACCOUNT BALANCE IN OPEN FENCES MEDIA LLC, AFTER OFM POSTED A LOSS OF 17,636. OPEN FENCES MEDIA LLC IS THE MANAGEMENT COMPANY FOR THE LAND BROKER CO-OP. DEAN SAUNDERS IS NOT EMPLOYED BY OR 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: BOB TURNER SERVES ON THE BOARD OF THE LAND EDUCATION FOUNDATION, IN ADDITION TO THE REALTORS LAND INSTITUTE. RLI HOLDS AN INVESTMENT 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. FORM 990, PAGE 6, PART VI, LINE 11B THE TAX RETURN IS REVIEWED BY THE OFFICERS DURING OR AFTER THE RLI JUNE 2024 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 2023 TAX YEAR WAS DETERMINED AT HER EVALUATION IN DECEMBER 2022. STAFF PAY RAISES FOR 2023 WERE APPROVED AT THE DECEMBER 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 INVESTMENT FEE-NONE 0 ADD BACK LOSS OPEN FENCES MEDIA K-1 17,636 NON-DIVIDEND DISTR & INV TIMING,BK LESS THAN 1099 -1,248 TOTAL 16,388 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.