2025-10-30T10:45:44-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2024-01-01 530184820 SOCIETY OF INDUSTRIAL AND OFFICE REALTORS SOCI 3123298200 1307 NEW YORK AVENUE NW STE 703 WASHINGTON DC 200054866 KAREN FENDRICH CFO 2024498204 2025-10-28 1 0 BRIDGET T ROCHE P00666837 3128560200 2024 2025-03-06 01:10:19Z BRANDON HENSLEY 1307 NEW YORK AVENUE NW STE 703 WASHINGTON DC 200054866 11324834 0 X WWW.SIOR.COM X 1941 IL THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (SIOR) OF THE NAR IS A (CONTINUED ON SCHEDULE O) PROFESSIONAL ASSOCIATION WHICH:A. TO UNITE THOSE REALTORS WHO ARE ENGAGED IN BROKERING OR ADVISING FOR COMPENSATION, THE BUYING, SELLING, RENTING OR LEASING OF LAND, FACTORIES, WAREHOUSES, RESEARCH FACILITIES, OFFICES AND OTHER REAL ESTATE USED IN THE PROCESSES OF BUSINESS AND INDUSTRY ("INDUSTRIAL AND OFFICE REAL ESTATE").B. THE FOSTERING OF KNOWLEDGE, EDUCATION, INTEGRITY, AND QUALITY WORKMANSHIP IN THE FIELD OF INDUSTRIAL AND OFFICE REAL ESTATE.C. THE EXCHANGE OF INFORMATION RELATING TO INDUSTRIAL AND OFFICE REAL ESTATE.D. THE IDENTIFICATION, QUALIFICATION AND CERTIFICATION OF EXPERIENCED AND COMPETENT INDUSTRIAL AND OFFICE REAL ESTATE PROFESSIONALS AND PUBLICATION OF THE QUALIFICATIONS OF ITS MEMBERS TO THOSE NEEDS OF THE PUBLIC.E. THE COOPERATION WITH GOVERNMENTAL DEPARTMENTS, CIVIC ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, AND BUSINESS GROUPS, BY APPROPRIATE CONTACT. 17 16 19 450 84864 0 0 0 7818522 7959674 322024 1546398 26543 82806 8167089 9588878 0 0 0 0 3323581 3775559 0 0 0 5965992 6065207 9289573 9840766 -1122484 -251888 12997841 14004697 3104566 4731288 9893275 9273409 X THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (SIOR) OF THE NATIONAL ASSOCIATION OF REALTORS IS A PROFESSIONAL ASSOCIATION WHICH MAINTAINS A DESIGNATED CERTIFYING EXPERTISE IN INDUSTRIAL AND OFFICE REAL ESTATE BROKERAGE. THE ORGANIZATION PROVIDES (CONTINUED ON SCHEDULE O) EDUCATION AT ITS TWO ANNUAL CONFERENCES AND PROVIDES A CODE OF ETHICS TO WHICH ITS MEMBERS SUBSCRIBE. SIOR HAS OVER 4,000 MEMBERS ALONG WITH A PRESENCE IN 50 COUNTRIES. 0 0 SIOR'S TWO SEMI-ANNUAL CONFERENCES PROVIDE ATTENDEES WITH OUTSTANDING EDUCATIONAL PROGRAMMING AND VALUABLE NETWORKING OPPORTUNITIES. EDUCATIONAL SESSION INSTRUCTORS COMMUNICATE CURRENT MARKET DATA AND CUTTING-EDGE INDUSTRY PRACTICES ENABLING SIOR MEMBERS TO REMAIN LEADERS IN COMMERCIAL REAL ESTATE. SIOR IDENTIFIES AND CERTIFIES FULLY QUALIFIED EXPERTS IN INDUSTRIAL AND OFFICE REAL ESTATE WITH THE SIOR DESIGNATION. TO QUALIFY FOR THE SIOR DESIGNATION, INDIVIDUALS MUST MEET SPECIFIED EDUCATIONAL AND VOLUME-OF BUSINESS REQUIREMENTS, AND ADHERE TO A STRICT CODE OF ETHICAL STANDARDS IN ACCORDANCE WITH SIOR'S CODE OF ETHICAL PRINCIPLES AND STANDARDS OF PROFESSIONAL PRACTICE. PRODUCTION OF PROFESSIONAL REPORT, THE OFFICIAL QUARTERLY MAGAZINE OF SIOR. THE MAGAZINE PROVIDES EDUCATIONAL ARTICLES, INDUSTRY TRENDS, AND MEMBER NEWS FOR DISSEMINATION TO SIOR MEMBERS AND THE BROADER COMMERCIAL REAL ESTATE COMMUNITY. ALSO, SIOR PROVIDES A "MEMBER FIND A MEMBER" SERVICE VIA THEIR WEBSITE. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 11 0 1 19 1 1 1 1 FR 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X BRANDON HENSLEY 2024498206 1307 NEW YORK AVE NW STE 703 WASHINGTON DC 20005 ROBERT THORNBURGH CEO 37.50 0.00 X X 993134 0 57343 DAVID LOCKWOOD PRESIDENT 1.25 0.00 X X 0 0 0 PATRICIA LOVEALL - IMMEDIATE PAST PRESIDENT (THRU 09/2024) 1.25 0.00 X 0 0 0 MIKE OHMES PRESIDENT-ELECT 1.25 0.00 X X 0 0 0 SAADIA SHEIKH VICE PRESIDENT 1.25 0.00 X X 0 0 0 AARON BARNARD VICE PRESIDENT (BEG 10/2024) 1.25 0.00 X 0 0 0 CATHY JONES TREASURER (THRU 09/2024) 1.50 0.00 X X 0 0 0 SCOTT SAVACOOL TREASURER (BEG 10/2024) 1.50 0.00 X 0 0 0 AMY BROADHURST MEMBER - AT LARGE 0.50 0.00 X 0 0 0 PAUL DANKS MEMBER - AT LARGE 0.50 0.00 X 0 0 0 SETH EDENS MEMBER - AT LARGE 0.50 0.00 X 0 0 0 MICHAEL FEUERMAN MEMBER - AT LARGE (BEG 10/2024) 0.50 0.00 X 0 0 0 BRUCE HECHT MEMBER - AT LARGE 0.50 0.00 X 0 0 0 VANESSA HERZOG MEMBER - AT LARGE (THRU 09/2024) 0.50 0.00 X 0 0 0 STREET JONES MEMBER - AT LARGE (BEG 10/2024) 0.50 0.00 X 0 0 0 RUSSELL PATTERSON MEMBER - AT LARGE (BEG 10/2024) 0.50 0.00 X 0 0 0 DAMIAN RIVERA MEMBER - AT LARGE 0.50 0.00 X 0 0 0 PATRICK SENTNER MEMBER - AT LARGE 0.50 0.00 X 0 0 0 DAN SMOLENSKY MEMBER - AT LARGE 0.50 0.00 X 0 0 0 JR STEINBAUER MEMBER - AT LARGE 0.50 0.00 X 0 0 0 LAURIE TYLENDA MEMBER - AT LARGE (THRU 09/2024) 0.50 0.00 X 0 0 0 BRANDON HENSLEY COO 37.50 0.00 X 365973 0 22843 KARIN FENDRICH CFO 37.50 0.00 X 256979 0 22843 ELIZABETH KOENST SENIOR VP, PROGRAMS (THRU 12/2024) 37.50 0.00 X 192839 0 36342 JOHN MANGANIELLO SENIOR VP, BUSINESS DEVELOPMENT 37.50 0.00 X 154137 0 33633 KELLY MILLER VP, MEMBERSHIP 37.50 0.00 X 196537 0 22843 ALEXIS FERMANIS SENIOR DIR., MKTNG & COMMUNICATIONS 37.50 0.00 X 156998 0 33833 PATRICK HARRISON TECHONLOGY ADMINISTRATOR 37.50 0.00 X 155661 0 22843 2472258 0 252523 8 0 1 0 STAGING SOLUTIONS 2014 LOU ELLEN LANE HOUSTON TX 77018 PRODUCTION MANAGEMENT 432845 CSG CREATIVE 313 SOUTH PATRICK STREET ALEXANDRIA VA 22314 MARKETING CONSULTING 404322 PERBYTE 25W161 ARMBURST AVE WHEATON IL 60187 DATABASE MANAGEMENT SUPPORT 287423 WEBSTER CHAMERLAIN & BEAN LLP 1747 PENNSYLVANIA AVE NW SUITE 100 WASHINGTON DC 20006 LEGAL SERVICES 214490 ASSOCIATION TECHNOLOGIES 480 E ROOSEVELT ROAD SUITE 101 WEST CHICAGO IL 60185 INFORMATION TECHNOLOGY SERVICES 123283 9 MEMBERSHIP DUES AND FEES 900099 4817957 4817957 CONVENTIONS AND CONFERENCES 900004 2720919 1921919 799000 EDUCATION COURSES & MTGS 900099 336550 336550 ADVERTISING AND SUBSCRIPTIONS 541800 84248 84248 7959674 245510 245510 3027189 1726301 1300888 1300888 1300888 10271 9655 616 616 CORPORATE PARTNERS PROGRAM 900099 47500 47500 FOUNDATION MANAGEMENT FEE 900099 30000 30000 ARBITRATION FEES 900099 2690 2690 2000 2000 82190 9588878 7158616 84864 2345398 2412812 979525 23803 185229 174190 222102 56923 58825 717052 333221 782982 163532 311198 665666 2465992 126138 22513 TRAINING AND SEMINARS 52502 TAXES AND LICENSES 32168 54393 9840766 783751 1431313 465755 10179 222135 185106 0 0 0 0 40540 33338 638473 725905 1239898 834784 326280 405114 10473124 9931492 0 0 0 0 47783 1282250 12997841 14004697 912356 722323 0 0 2192210 2560135 0 0 0 0 0 1448830 3104566 4731288 X 9893275 9273409 9893275 9273409 12997841 14004697 -251888 -367978 0 X 0 1 X 1 0 0 0 0 0 0 0 1 0 0 38424 38424 0 1201474 796360 405114 0 405114 RIGHT OF USE ASSET 1255878 SECURITY AND TENDER DEPOSITS 26372 1282250 LEASE LIABILITY 1448830 1448830 X 9162075 -367978 -367978 9530053 58825 58825 9588878 9781941 0 9781941 58825 58825 9840766 PART X, LINE 2: SIOR IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME FROM ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE SUCH AS ADVERTISING REVENUE. SIOR FOLLOWS THE ACCOUNTING STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX PROVISIONS. SIOR EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES RECRUITMENT AND MEMBER MEETINGS 565510 0 1 0 0 0 1 565510 0 565510 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES IN EACH REGION. 1 X X X X 0 0 0 ROBERT THORNBURGH CEO 992671 0 0 0 463 0 34500 0 22843 0 1050477 0 0 0 BRANDON HENSLEY COO 332990 0 32500 0 483 0 0 0 22843 0 388816 0 0 0 KARIN FENDRICH CFO 226076 0 30000 0 903 0 0 0 22843 0 279822 0 0 0 ELIZABETH KOENST SENIOR VP, PROGRAMS (THRU 12/2024) 187537 0 5000 0 302 0 13499 0 22843 0 229181 0 0 0 KELLY MILLER VP, MEMBERSHIP 171348 0 25000 0 189 0 0 0 22843 0 219380 0 0 0 ALEXIS FERMANIS SENIOR DIR., MKTNG & COMMUNICATIONS 153788 0 3000 0 210 0 10990 0 22843 0 190831 0 0 0 JOHN MANGANIELLO SENIOR VP, BUSINESS DEVELOPMENT 149426 0 3325 0 1386 0 10790 0 22843 0 187770 0 0 0 PATRICK HARRISON TECHONLOGY ADMINISTRATOR 145198 0 10000 0 463 0 0 0 22843 0 178504 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A DELEGATE BROAD AUTHORITY TO A COMMITTEE AS PROVIDED IN ARTICLE VII, SECTION 1 OF THE BY-LAWS, SIOR SHALL HAVE A GOVERNANCE COMMITTEE THAT HAS BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY IN EMERGENCY SITUATIONS WHEN ASSEMBLING THE BOARD MAY NOT BE PRACTICAL. CHAIRED BY THE SIOR PRESIDENT, THE GOVERNANCE COMMITTEE SHALL INCLUDE THE PRESIDENT-ELECT, VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, THE CHAPTER LEADERSHIP COUNCIL DIRECTOR, AND THE TREASURER. FORM 990, PART VI, SECTION A, LINE 7A: ORGANIZATION MEMBERS SIOR'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 LINES 6 AND 7A. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS AS PROVIDED IN ARTICLE XVI, SECTION 1 OF THE BY-LAWS, THE BOARD OF DIRECTORS OF THE NATIONAL ASSOCIATION OF RELATORS MUST APPROVE ANY AMENDMENTS TO THE SIOR BY-LAWS BEFORE THEY BECOME EFFECTIVE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 BY GOVERNING BODY THE FORM 990 WILL BE REVIEWED IN DETAIL BY THE SIOR CEO, TREASURER AND GOVERNANCE COMMITTEE. IN ADDITION, THE TREASURER WILL REPORT THE RESULTS TO THE BOARD OF DIRECTORS (BOD) AT THE NEXT BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY, AND ARE ASKED TO SIGN AN ACKNOWLEDGEMENT CONCERNING REPORTING OF POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE CHAIRMAN OF THE BOARD IMMEDIATELY. BOARD MEMBERS MUST REFRAIN FROM VOTING ON ANY SUCH TRANSACTIONS WHERE THERE IS A POTENTIAL CONFLICT, PARTICIPATING IN DELIBERATIONS CONCERNING IT, OR USING PERSONAL INFLUENCE IN ANY WAY INVOLVING THE MATTER. IN ADDITION, OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY TO DETERMINE IF THERE ARE ANY REQUIRED BUSINESS TRANSACTIONS THAT NEED TO BE REPORTED ON THE FORM 990. THE QUESTIONNAIRES ARE REVIEWED BY THE OFFICE OF THE EVP TO DETERMINE ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL SIOR USES THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS WHICH CONSISTS OF THE PRESIDENT, PRESIDENT-ELECT, VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, THE CHAPTER LEADERSHIP COUNCIL DIRECTOR, AND THE TREASURER TO DETERMINE COMPENSATION. COMPARABILITY DATA IS USED BY THIS COMMITTEE TO HELP DETERMINE COMPENSATION. THE COMMITTEE DETERMINES THE BASE SALARY, VARIABLE COMPENSATION, INCENTIVE COMPENSATION, OTHER CASH COMPENSATION AND OTHER BENEFITS OF THE CEO AND APPROVED THE TERMS OF THE EMPLOYMENT AGREEMENT AND ANY AMENDMENT THERETO. ONCE THE EMPLOYMENT AGREEMENT FOR THE CHIEF EXECUTIVE OFFICER OR ANY AMENDMENT THERETO, IS APPROVED BY THE COMPENSATION COMMITTEE, AN EMPLOYMENT AGREEMENT (OR SUCH AMENDMENT) SHALL BE EXECUTED BY THE PRESIDENT ON THE BEHALF OF SIOR. THE LAST COMPARABILITY STUDY WAS COMPLETED IN DECEMBER 2022 AND THE MOST RECENT EMPLOYMENT AGREEMENT WAS DATED JUKY 2024. DELIBERATIONS AND DECISION-MAKING WITH RESPECT TO THE CEO'S COMPENSATION ARE DOCUMENTED ON A TIMELY BASIS BY THE COMPENSATION COMMITTEE. ON AN ANNUAL BASIS, THE CEO HAS A PERFORMANCE EVALUATION WHICH IS USED IN PART TO DETERMINE ANY CHANGES IN PAY (E.G. VARIABLE COMPENSATION, INCENTIVE COMPENSATION, COST OF LIVING AND MERIT INCREASES). THE CEO COMPENSATION FOR THE 2024 TAX YEAR WAS REVIEWED AND APPROVED IN JUNE 2024. FORM 990, PART VI, LINE 15B: PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES THE SIOR CEO MAKES THE FINAL DECISION REGARDING THE COMPENSATION PACKAGE FOR THE COO AND CFO. ON AN ANNUAL BASIS, THE COO AND CFO HAVE A PERFORMANCE EVALUATION WHICH IS USED IN PART TO DETERMINE ANY CHANGES IN PAY (E.G. VARIABLE COMPENSATION AND MERIT INCREASES). FORM 990, PART VI, SECTION C, LINE 19 REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE POSTED ON THE SIOR WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AS DEEMED APPROPRIATE BY THE EVP. SIOR FOUNDATION 1307 NEW YORK AVE NW STE 703 WASHINGTON DC 20005 520808480 EDUCATION DC 501(C)(3) LINE 7 SIOR 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 SIOR FOUNDATION Q 148000