STRATEGY STUDIO / PUBLIC DATA EXPLORER

ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION (EIN 23-7289227)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-06-09
IRS object ID
202511609349300631
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-06-09T10:14:23-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371335003PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ECK SCHAFER & PUNKE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1227 S SEVENTH STREETAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237289227EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS REAL ESTATE EDUCATIONALBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone2175292600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STREETAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHY MADAUSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2175292600PhoneNum
Signature2025-05-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRENT LEACHPreparerPersonNm
PTINP00331592PTIN
Phone2175251111PhoneNum
Preparation2025-05-26PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCATHY MADAUSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STREETAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,190,231GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ILREEF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1970FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionPROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$146,061PYContributionsGrantsAmt
CY Contributions Grants$79,289CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income-$41,338PYInvestmentIncomeAmt
CY Investment Income$67,243CYInvestmentIncomeAmt
PY Other Revenue$8,472PYOtherRevenueAmt
CY Other Revenue$13,937CYOtherRevenueAmt
PY Total Revenue$113,195PYTotalRevenueAmt
CY Total Revenue$160,469CYTotalRevenueAmt
PY Grants And Similar Paid$31,420PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$36,914CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$30,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$10,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$4,000CYTotalFundraisingExpenseAmt
PY Other Expenses$15,201PYOtherExpensesAmt
CY Other Expenses$50,890CYOtherExpensesAmt
PY Total Expenses$76,621PYTotalExpensesAmt
CY Total Expenses$97,804CYTotalExpensesAmt
PY Revenues Less Expenses$36,574PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$62,665CYRevenuesLessExpensesAmt
Total Assets BOY$1,960,692TotalAssetsBOYAmt
Total Assets EOY$2,004,965TotalAssetsEOYAmt
Total Liabilities BOY$40,579TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,617TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,920,113NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,980,348NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$76,182ExpenseAmt
Grant$36,914GrantAmt
DescSCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescBROKER CONTINUING EDUCATIONDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$76,182TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CATHY MADAUSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2175292600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRANDON SHAFFER
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
JAMES SIM
VICE CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
ANDREA GREENWALT
DIRECTOR1.00Yes (X)$0$0$0
ASHLEY HEILMAN
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER TENGGREN
DIRECTOR1.00Yes (X)$0$0$0
DOMINIC CAMPO
DIRECTOR1.00Yes (X)$0$0$0
GINGER SREENAN
DIRECTOR1.00Yes (X)$0$0$0
JENNI ROW
DIRECTOR1.00Yes (X)$0$0$0
JOEL RAYNES
DIRECTOR1.00Yes (X)$0$0$0
KAREN ROBERTSON
DIRECTOR1.00Yes (X)$0$0$0
KIM MCCOY
DIRECTOR1.00Yes (X)$0$0$0
KRISTIE TINDALL
DIRECTOR1.00Yes (X)$0$0$0
LAURIE MURPHY
DIRECTOR1.00Yes (X)$0$0$0
MARK MASSEY
DIRECTOR1.00Yes (X)$0$0$0
MATTHEW PERSICKETTI
DIRECTOR1.00Yes (X)$0$0$0
MEENU BHASKAR
DIRECTOR1.00Yes (X)$0$0$0
SARAH WARE
DIRECTOR1.00Yes (X)$0$0$0
TERESA CAMARATO
DIRECTOR1.00Yes (X)$0$0$0
TIMOTHY RYAN
DIRECTOR1.00Yes (X)$0$0$0
CATHY MADAUS
TREASURER1.00Yes (X)$0$192,661$22,200
LAURIE CLAYTON
FOUNDATION MANAGER23.00Yes (X)$0$96,534$28,205
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$289,195TotReportableCompRltdOrgAmt
Total Other Compensation$50,405TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$27,500GovernmentGrantsAmt
All Other Contributions$51,789AllOtherContributionsAmt
Total Contributions$79,289TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$66,384TotalRevenueColumnAmt
Exclusion$66,384ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,027,133SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,026,274SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$859SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$859TotalRevenueColumnAmt
Exclusion$859ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$13,425FundraisingGrossIncomeAmt
Fundraising Direct Expenses$3,488FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,937TotalRevenueColumnAmt
Exclusion$9,937ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business531390BusinessCd
Total Revenue Column$4,000TotalRevenueColumnAmt
Exclusion$4,000ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$4,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$160,469TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$81,180ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$36,914TotalAmt
Program Services$36,914ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$10,000TotalAmt
Program Services$4,000ProgramServicesAmt
Management And General$2,000ManagementAndGeneralAmt
Fundraising$4,000FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,400TotalAmt
Management And General$6,400ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,181TotalAmt
Management And General$6,181ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$631TotalAmt
Management And General$631ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$344TotalAmt
Management And General$344ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$764TotalAmt
Management And General$764ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PROGRAM EXPENSE$35,268$35,268
DUES & FEES$885$885
BANK & CREDIT CARD FEES$417$417

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$97,804TotalAmt
Program Services$76,182ProgramServicesAmt
Management And General$17,622ManagementAndGeneralAmt
Fundraising$4,000FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,935,335BOYAmt
EOY$1,981,355EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,298BOYAmt
EOY$23,390EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$59BOYAmt
EOY$220EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,960,692BOYAmt
EOY$2,004,965EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$40,579BOYAmt
EOY$24,617EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,579BOYAmt
EOY$24,617EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,870,113BOYAmt
EOY$1,930,348EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$50,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,920,113BOYAmt
EOY$1,980,348EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,960,692BOYAmt
EOY$2,004,965EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$62,665ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$2,430NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,021CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$116,545CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$192,379CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$146,061CurrentTaxYearMinus1YearAmt
Current Tax Year$79,289CurrentTaxYearAmt
Total$693,295TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,021CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$116,545CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$192,379CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$146,061CurrentTaxYearMinus1YearAmt
Current Tax Year$79,289CurrentTaxYearAmt
Total$693,295TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$194,095SubstantialContributorsTotAmt
Public Support Total170$499,200PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$42,982CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$37,975CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$40,137CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$52,797CurrentTaxYearMinus1YearAmt
Current Tax Year$66,384CurrentTaxYearAmt
Total$240,275TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,000CurrentTaxYearMinus1YearAmt
Current Tax Year$4,000CurrentTaxYearAmt
Total$21,000TotalAmt
FieldValueIRS element (for citing)
Total Support$954,570TotalSupportAmt
Gross Receipts Rltd Activities$52,837GrossReceiptsRltdActivitiesAmt
Public Support CY1700.52300PublicSupportCY170Pct
Public Support PY1700.62240PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,354,006BeginningYearBalanceAmt
Contributions$14,554ContributionsAmt
Investment Earnings Or Losses$47,654InvestmentEarningsOrLossesAmt
Grants Or Scholarships$36,913GrantsOrScholarshipsAmt
End Year Balance$1,379,301EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,301,289BeginningYearBalanceAmt
Contributions$38,489ContributionsAmt
Investment Earnings Or Losses$45,648InvestmentEarningsOrLossesAmt
Grants Or Scholarships$31,420GrantsOrScholarshipsAmt
End Year Balance$1,354,006EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,212,018BeginningYearBalanceAmt
Contributions$23,963ContributionsAmt
Investment Earnings Or Losses$104,075InvestmentEarningsOrLossesAmt
Grants Or Scholarships$38,767GrantsOrScholarshipsAmt
End Year Balance$1,301,289EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,127,359BeginningYearBalanceAmt
Contributions$65,546ContributionsAmt
Investment Earnings Or Losses$61,795InvestmentEarningsOrLossesAmt
Grants Or Scholarships$42,682GrantsOrScholarshipsAmt
End Year Balance$1,212,018EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$955,969BeginningYearBalanceAmt
Contributions$67,891ContributionsAmt
Investment Earnings Or Losses$154,530InvestmentEarningsOrLossesAmt
Grants Or Scholarships$51,031GrantsOrScholarshipsAmt
End Year Balance$1,127,359EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.96375BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.03625PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$155,346TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$2,430NetUnrealizedGainsInvstAmt
Other Revenue$3,488OtherRevenueAmt
Revenue Not Reported$1,058RevenueNotReportedAmt
Revenue Subtotal$154,288RevenueSubtotalAmt
Investment Expenses Not Incld$6,181InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$6,181RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$160,469TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$95,111TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$3,488OtherExpensesIncludedAmt
Expenses Not Reported$3,488ExpensesNotReportedAmt
Expenses Subtotal$91,623ExpensesSubtotalAmt
Investment Expenses Not Incld2$6,181InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$6,181ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$97,804TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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, 2024, 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

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1ANNUAL FUNDRAISEREvent1Nm
Gross Receipts Event1$13,425GrossReceiptsEvent1Amt
Gross Revenue Event1$13,425GrossRevenueEvent1Amt
Food And Beverage Event1$0FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$3,190OtherDirectExpensesEvent1Amt
Gross Receipts Total$13,425GrossReceiptsTotalAmt
Gross Revenue Total Events$13,425GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$3,190OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$3,190DirectExpenseSummaryEventsAmt
Net Income Summary$10,235NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeEDUCATIONAL SCHOLARSHIPSGrantTypeTxt
Recipient49RecipientCnt
Cash Grant$36,914CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationA 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCATHY MADAUSPersonNm
TitleTREASURERTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$180,585CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$11,556BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$520OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$11,528DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$10,672NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$214,861TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION BOARD REVIEWS AND APPROVES THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12CCONFLICT OF INTEREST POLICY IS PROVIDED TO EACH BOARD MEMBER AT EVERY MEETING.
FORM 990, PART VI, SECTION C, LINE 19ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS REALTORSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 S 5TH STAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd
FieldValueIRS element (for citing)
EIN370644545EIN
Primary ActivitiesESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS AND PROMOTE EDUCATIONPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1REAL ESTATE ADMINISTRATIVE SERVICES INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 S 5TH STREETAddressLine1Txt
CitySPRINGFIELDCityNm
State AbbreviationILStateAbbreviationCd
ZIP62701ZIPCd
FieldValueIRS element (for citing)
EIN371362955EIN
Primary ActivitiesPROVIDE REAL ESTATE ADMINISTRATIVE SERVICESPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
ILLINOIS REALTORS
O$30,000
ILLINOIS REALTORS
P$19,045
ILLINOIS REALTORS
S$1,950