2023-07-28T12:09:49-05:00 2022-12-31 371335003 ECK SCHAFER & PUNKE LLP 227 S SEVENTH STREET SPRINGFIELD IL 62701 990 2022-01-01 237289227 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION ILLI 2175292600 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 CATHY MADAUS TREASURER 2175292600 2023-07-20 1 CATHY MADAUS XXX-XX-XXXX 0 BRENT LEACH P00331592 2175251111 2023-07-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CATHY MADAUS 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 380343 0 X WWW.ILREEF.ORG X 1970 IL PROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE. 17 17 0 17 0 0 116545 192379 0 0 39445 38962 8832 18685 164822 250026 42682 38767 0 0 40000 30000 0 0 12000 19046 13589 101728 82356 63094 167670 1718406 1799026 40030 32910 1678376 1766116 PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY. 0 0 51978 38767 SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. BROKER CONTINUING EDUCATION 51978 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X CATHY MADAUS 2175292600 522 SOUTH 5TH ST SPRINGFIELD IL 62701 AMY BARNES CHAIRMAN 1.00 X X 0 0 0 JENNI BECK DIRECTOR 1.00 X 0 0 0 ANDREA GREENWALT DIRECTOR 1.00 X 0 0 0 JAMES HAISLER DIRECTOR 1.00 X 0 0 0 KIM MCCOY DIRECTOR 1.00 X 0 0 0 SUZANNE MILLER DIRECTOR 1.00 X 0 0 0 LAURIE MURPHY DIRECTOR 1.00 X 0 0 0 MARY NELSON DIRECTOR 1.00 X 0 0 0 KAREN ROBERTSON DIRECTOR 1.00 X 0 0 0 BRANDON SHAFFER DIRECTOR 1.00 X 0 0 0 JAMES SIM DIRECTOR 1.00 X 0 0 0 GINGER SREENAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER TENGGREN DIRECTOR 1.00 X 0 0 0 KRISTIE TINDALL DIRECTOR 1.00 X 0 0 0 SARAH WARE DIRECTOR 1.00 X 0 0 0 KAY WIRTH DIRECTOR 1.00 X 0 0 0 SANDRA WORKMAN DIRECTOR 1.00 X 0 0 0 LAURIE CLAYTON FOUNDATION MANAGER 23.00 X 0 89693 34116 CATHY MADAUS TREASURER 1.00 X 0 163020 21801 0 252713 55917 0 0 0 0 0 55603 136776 192379 40137 40137 94127 95302 -1175 -1175 -1175 49700 35015 14685 14685 OTHER INCOME 531390 4000 4000 4000 250026 0 0 57647 38767 38767 30000 12000 6000 12000 5950 5950 1538 1538 819 819 1336 1336 BANK & CREDIT CARD FEES 2113 2113 PROGRAM EXPENSE 1211 1211 DUES & FEES 622 622 82356 51978 18378 12000 1696020 1773715 22332 25257 54 54 1718406 1799026 40030 32910 40030 32910 X 1628376 1716116 50000 50000 1678376 1766116 1718406 1799026 167670 -79930 0 X 0 1 X 0 0 X 278682 184422 159021 116545 192379 931049 278682 184422 159021 116545 192379 931049 159458 771591 45698 47434 42982 37975 40137 214226 5000 5000 4000 4000 18000 1163275 93646 0.66330 0.68020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1212018 23963 104075 38767 1301289 1127359 65546 61795 42682 1212018 955969 67891 154530 51031 1127359 884778 23526 96449 48784 955969 833411 56381 33926 38940 884778 0.96158 0.03842 0 0 0 X 205111 -79930 35015 -44915 250026 0 250026 117371 35015 35015 82356 0 82356 PART V, LINE 4: SCHOLARSHIPS PART X, LINE 2: THE FOUNDATION FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS REVIEWED THE TAX POSITIONS TAKEN FOR THE OPEN TAX YEARS AS OF DECEMBER 31, 2022, AND DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED DIRECTLY AGAINST SPECIAL EVENT REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED DIRECTLY AGAINST SPECIAL EVENT REVENUE BANQUET 40300 40300 19972 14108 ANNUAL FUNDRAISER 9400 9400 935 49700 49700 19972 15043 35015 14685 1 EDUCATIONAL SCHOLARSHIPS 58 38767 PART I, LINE 2: A DESIGNATED COMMITTEE REVIEWS REQUESTS FOR SCHOLARSHIPS TO DETERMINE IF A CANDIDATE MEETS THE SPECIFIC REQUIREMENTS FOR EACH SCHOLARSHIP. THIS REVIEW IS PERFORMED TWICE PER YEAR. AFTER THE MONEY IS AWARDED, IT IS USUALLY SUBMITTED DIRECTLY TO THE SCHOOL IN WHICH THE CANDIDATE IS ATTENDING. IN CASES WHERE PAYMENT TO THE SCHOOL DIRECTLY IS NOT POSSIBLE, THE CANDIDATE MUST SUBMIT DOCUMENTATION FOR REIMBURSEMENT TO BE SURE THE AWARDED MONEY IS USED FOR THE APPROPRIATE PURPOSES. 0 0 0 0 0 0 0 0 0 CATHY MADAUS TREASURER 0 163020 0 0 0 0 0 10290 0 11511 0 184821 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION BOARD REVIEWS AND APPROVES THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH BOARD MEMBER AT EVERY MEETING. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. ILLINOIS REALTORS 522 S 5TH ST SPRINGFIELD IL 62701 370644545 ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS AND PROMOTE EDUCATION IL 501(C)(6) N/A 0 REAL ESTATE ADMINISTRATIVE SERVICES INC 522 S 5TH STREET SPRINGFIELD IL 62701 371362955 PROVIDE REAL ESTATE ADMINISTRATIVE SERVICES IL C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 ILLINOIS REALTORS O 30000 ILLINOIS REALTORS P 52370 ILLINOIS REALTORS S 1700