2024-08-26T11:25:36-05:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2023-01-01 362924251 INSTITUTE OF REAL ESTATE MANAGEMENT FOUNDATION INST 8008370706 430 N MICHIGAN AVENUE 500 CHICAGO IL 60611 DEE HEADLEY PRESIDENT 8008370706 2024-07-10 1 1 ELEANOR A LIVINGSTON CPA MST P00226461 8478888600 2023 2024-08-08 14:25:15Z DEE HEADLEY 430 N MICHIGAN AVENUE 500 CHICAGO IL 60611 1371908 0 X WWW.IREMFOUNDATION.ORG X 1977 IL TO PROVIDE RESOURCES FOR PEOPLE AND ORGANIZATIONS SEEKING TO ADVANCE THE REAL ESTATE PROFESSION. 22 22 0 22 0 0 697373 835578 12575 0 -81184 69028 -28740 -27672 600024 876934 487407 517402 0 0 0 0 0 0 663 318456 422150 805863 939552 -205839 -62618 2087099 2138328 55731 61298 2031368 2077030 X TO BE A RESOURCE FOR PEOPLE AND ORGANIZATIONS SEEKING TO ADVANCE THE PROFESSION OF REAL ESTATE MANAGEMENT. THE IREM FOUNDATION SUPPORTS INITIATIVES DEVELOPED OR ENDORSED BY IREM THAT INCREASES DIVERSITY, THE ENGAGEMENT OF YOUNG PROFROFESSIONALS, AND EXPANSION OF INDUSTRY KNOWLEDGE. 0 0 385989 385989 THE SCHOLARSHIP PROGRAMS ARE DESIGNED TO ATTRACT AND DEVELOP INDIVIDUALS FOR CAREERS IN REAL ESTATE MANAGEMENT. 112913 112913 OUTREACH TO SUPPORT THE DEVELOPMENT OF A WELL-EUIPED, DIVERSE, NEXT GENERATION WORKFORCE. 33294 18500 GRANTS TO ADVANCE ADOPTION OF SUSTAINABILITY PRACTICES IN COMMERCIAL ESTATE. 532196 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X X CHRISTOPHER MIGALA 3123296049 430 N MICHIGAN AVENUE SUITE 500 CHICAGO IL 60611 X CHIP CRUMPLER CPM PRESIDENT 1.00 X X 0 0 0 DEE HEADLEY CPM VICE PRESIDENT 1.00 X X 0 0 0 CHRIS MELLEN CPM SECRETARY/TREASURER 1.00 X X 0 0 0 LINDA CARADINE-POINSETT EXECUTIVE DIRECTOR 1.00 X X 0 0 0 KAREN PHARR CPM PAST PRESIDENT 1.00 X 0 0 0 DAWN CARPENTER CPM IREM REPRESENTATIVE 1.00 X 0 0 0 ANSHU BERA CPM DIRECTOR 1.00 X 0 0 0 NEIL CADMAN CPM DIRECTOR 1.00 X 0 0 0 JAMES EVANS CPM DIRECTOR 1.00 X 0 0 0 CHERYL GRAY CPM DIRECTOR 1.00 X 0 0 0 SHERYL GREEN CPM DIRECTOR 1.00 X 0 0 0 KACI HANCOCK CPM DIRECTOR 1.00 X 0 0 0 ERIN HOPKINS DIRECTOR 1.00 X 0 0 0 BYRDY KELLEY CPM DIRECTOR 1.00 X 0 0 0 RITA KHAN CPM DIRECTOR 1.00 X 0 0 0 CHRISTINE LACY CPM DIRECTOR 1.00 X 0 0 0 JO D MILLER DIRECTOR 1.00 X 0 0 0 LYNNE MILLER CPM DIRECTOR 1.00 X 0 0 0 FREDERICK PRASSAS CPM DIRECTOR 1.00 X 0 0 0 ANN REISCH CPM DIRECTOR 1.00 X 0 0 0 MICHAEL SIMMONS CPM DIRECTOR 1.00 X 0 0 0 EILEEN WIRTH CPM DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3010 832568 835578 63641 63641 457689 452302 5387 5387 5387 15000 3010 42672 -27672 -27672 876934 0 0 41356 121413 121413 392320 392320 3669 3669 298900 298900 17070 17070 8944 8944 17278 13402 3213 663 46740 1392 45348 BANKING & CREDIT CARD F 14586 14586 LICENSES & FEES 13159 13159 5473 5473 939552 532196 406693 663 141048 201927 202209 81870 115000 105500 350 720 14760 26615 1611995 1715716 1737 5980 2087099 2138328 55731 61298 55731 61298 X 1846793 1718097 184575 358933 2031368 2077030 2087099 2138328 -62618 108280 0 X 0 1 X 1 0 X 1608649 516292 698534 697373 835578 4356426 1608649 516292 698534 697373 835578 4356426 1294649 3061777 36845 29289 104623 44742 63641 279140 541 541 4636107 22575 0.66040 0.62350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1037586 15557 101189 28467 1125865 1283461 94325 -238894 99356 1950 1037586 1204859 66235 34041 20500 1174 1283461 0.88764 0.00000 0.11236 0 0 0 X 1241208 108280 245425 353705 887503 8944 -19513 -10569 876934 1195546 245425 19513 264938 930608 8944 8944 939552 PART V, LINE 4: PROVIDE FUNDING FOR EDUCATION AND OUTREACH TO THOSE READY AND WILLING TO BENEFIT FROM A CAREER IN REAL ESTATE MANAGEMENT. PART X, LINE 2: THE FOUNDATION WAS GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERVICE PURSUANT TO THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE TAX-EXEMPT PURPOSE OF THE FOUNDATION AND THE NATURE IN WHICH IT OPERATES IS DESCRIBED IN THE FIRST PARAGRAPH OF NOTE 1. THE FOUNDATION CONTINUES TO OPERATE IN COMPLIANCE WITH ITS TAX-EXEMPT PURPOSE. THE FOUNDATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THE FOUNDATION WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -19,513. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 19,513. ANNUAL MEETING 18010 3010 15000 8512 8408 25752 18010 3010 15000 8512 8408 25752 42672 -27672 1 CLEMSON UNIVERSITY 230 KAPPA STREET SUITE 200 CLEMSON SC 29634 576000254 501C(3) 10000 0 ACADEMIC OUTREACH & REAL ESTATE PROGRAMS INSTITUTE OF REAL ESTATE MANAGEMENT 430 N MICHIGAN AVE SUITE 500 CHICAGO IL 60611 366214767 501C(6) 59583 0 ACADEMIC OUTREACH & REAL ESTATE PROGRAMS IREM GEORGIA CHAPTER NO 67 3715 NORTHSIDE PKWY NW BLDG 200 STE ATLANTA GA 30327 510221202 501C(6) 14000 0 ACADEMIC OUTREACH & REAL ESTATE PROGRAMS THE URBAN ALLIANCE 2030 Q STREET NW WASHINGTON DC 20009 521938443 501C(3) 10000 0 ACADEMIC OUTREACH & REAL ESTATE PROGRAMS UNIVERSITY OF WISCONSIN-STOUT 712 S BROADWAY RM 125 ADMINISTRATION MENOMONIE WI 54751 391805963 GOV 9330 0 ACADEMIC OUTREACH & REAL ESTATE PROGRAMS 3 2 SCHOLARSHIPS 398 382320 RESEARCH GRANT AWARD 1 10000 PART I, LINE 2: GRANTEES ARE REQUIRED TO SUBMIT A PLAN THAT OUTLINES HOW THEY WILL USE THE FUNDS, AND WHO IS ON THE PROJECT TEAM. THE RECIPIENTS SIGN A GRANT AGREEMENT ACKNOWLEDGING THAT FUNDS MAY ONLY BE USED FOR THE PURPOSES EXPRESSED IN THE WRITTEN APPLICATION, AND THAT THEY ARE REQUIRED TO SUBMIT WRITTEN REPORTS UPON REQUEST. THE IREM FOUNDATION CONTACTS THE GRANTEE WITHIN ONE YEAR OF DISTRIBUTING FUNDS TO REQUEST A WRITTEN REPORT BASED ON THE ORIGINAL REQUEST FOR FUNDING. FORM 990, PART VI, SECTION A, LINE 3 IREM FOUNDATION PAYS A MANAGEMENT FEE TO IREM TO MANAGE THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED FIRST BY MANAGEMENT AND THEN A COPY IS PRESENTED TO THE AUDIT AND INVESTMENT COMMITTEE FOR THEIR REVIEW. ONCE THAT COMMITTEE IS SATISFIED, A RECOMMENDATION IS MADE TO THE EXECUTIVE COMMITTEE, WHO THEN VOTES TO FORMALLY ACCEPT THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS IS REQUIRED TO SIGN AN ANNUAL CODE OF CONDUCT ACKNOWLEDGEMENT WHICH INCLUDES INSTRUCTIONS ON DISCLOSING CONFLICT OF INTEREST. DURING COMMITTEE MEETINGS WHEN CONFLICT OF INTERESTS MAY PRESENT, SUCH AS APPROVING GRANT REQUESTS, VOTING FOR AWARD RECIPIENTS, OR NOMINATING FUTURE DIRECTORS, THE COMMITTEE PROCEDURES INCLUDE REQUIRING THE CHAIRPERSON TO ASK THE COMMITTEE MEMBERS WHETHER ANY SUCH CONFLICTS OF INTEREST EXIST. WHEN CONFLICTS ARE SURFACED, THEY ARE PRESENTED TO THE PRESIDENT TO DETERMINE THE COURSE OF ACTION. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND ANNUAL REPORT ARE AVAILABLE ON THE FOUNDATION'S WEBSITE.