2022-07-25T08:58:50-05:00 2021-12-31 371335003 ECK SCHAFER & PUNKE LLP 227 S SEVENTH STREET SPRINGFIELD IL 62701 990 2021-01-01 237289227 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION ILLI 2175292600 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 LAURIE CLAYTON FOUNDATION MANAGER 2175292600 2022-07-11 1 LAURIE CLAYTON XXX-XX-XXXX BRENT LEACH P00331592 2175251111 2022-07-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LAURIE CLAYTON 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 190574 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. 18 18 0 18 0 0 159021 116545 0 0 40555 39445 9221 8832 208797 164822 51031 42682 0 0 50000 40000 0 0 16000 17712 19046 118743 101728 90054 63094 1702419 1718406 56678 40030 1645741 1678376 PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY. 0 0 67980 42682 SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. BROKER CONTINUING EDUCATION 67980 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 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 18 18 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 DIRECTOR 1.00 X 0 0 0 JENNI BECK DIRECTOR 1.00 X 0 0 0 DEB FRAZIER DIRECTOR 1.00 X 0 0 0 ANDREA GREENWALT DIRECTOR 1.00 X 0 0 0 JAMES HAISLER CHAIRMAN 1.00 X X 0 0 0 SUZANNE MILLER DIRECTOR 1.00 X 0 39067 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 MATT SILVER DIRECTOR 1.00 X 0 5159 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 VICKY TURNER 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 87232 0 0 131458 0 0 0 0 0 0 18000 98545 116545 37975 37975 23922 22452 1470 1470 1470 8132 3300 4832 4832 OTHER INCOME 531390 4000 4000 4000 164822 0 0 48277 42682 42682 40000 16000 8000 16000 5750 5750 1445 1445 513 513 854 854 PROGRAM EXPENSE 9298 9298 BANK & CREDIT CARD FEES 663 663 DUES & FEES 523 523 101728 67980 17748 16000 1661943 1696020 40476 22332 54 1702419 1718406 56678 40030 56678 40030 X 1595741 1628376 50000 50000 1645741 1678376 1702419 1718406 63094 -30459 0 X 0 1 X 0 0 X 193662 278682 184422 159021 116545 932332 193662 278682 184422 159021 116545 932332 137764 794568 45747 45698 47434 42982 37975 219836 2000 5000 5000 4000 16000 1168168 116508 0.68020 0.71420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1127359 65546 61795 42682 1212018 955969 67891 154530 51031 1127359 884778 23526 96449 48784 955969 833411 56381 33926 38940 884778 777413 81902 18494 44398 833411 0.95875 0.04125 0 0 0 X 137663 -30459 3300 -27159 164822 0 164822 105028 3300 3300 101728 0 101728 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, 2021, 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 1 EDUCATIONAL SCHOLARSHIPS 59 42682 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. 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 IAR PLAZA INC 522 S 5TH ST SPRINGFIELD IL 62701 203844292 OWN THE LAND AND BUILDING THAT HOUSE ILLINOIS REALTORS AND RELATED ENTITIES IL 501(C)(2) 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 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 ILLINOIS REALTORS O 40000 ILLINOIS REALTORS P 24547