2019-11-06T09:00:12-06:00 2018-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2018-01-01 530184820 Society of Industrial and Office Realtors SOCI 3123298200 C/O Tax Dept 430 N Michigan Ave Chicago IL 60611 Robert Hammond Chief Operating Officer 2019-11-06 true Nicole Bencik P00756195 3128997000 2018 2020-03-31 21:24:44Z X Robert Hammond 1201 New York Ave NW Ste 301 Washington DC 20005 9178202 false X www.SIOR.com X 1941 IL The Society of Industrial and Office REALTORS (SIOR) of the NAR is a professional association which maintains a designated certifying expertise in industrial & office real estate brokerage. 15 15 21 400 113239 0 10000 10000 6588581 6754077 152193 208686 38400 134969 6789174 7107732 5000 5000 0 1917296 2292762 0 0 0 4164166 4692974 6086462 6990736 702712 116996 12235208 11338873 3253483 2621880 8981725 8716993 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 education at its two annual conferences and provides a Code of Ethics to which its members subscribe. SIOR has a total of 3,200 members along with a city and county presence of 686 cities in 36 countries. false false 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. IN ADDITION, SIOR SEEKS STATE APPROVAL FOR EDUCATIONAL SESSIONS, SO THAT ATTENDEES RECEIVE CONTINUING EDUCATION CREDIT TOWARD STATE REAL ESTATE LICENSE RENEWALS. 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 false true true true false false false false false true false false false true true true true false false true false false false false false false false false true false false false false false false false false false false false true true true false true 42 0 21 true true true false false false false false false false X 15 15 false false false false false false false true true false true true false true true true true true true false false X Robert Hammond 2024498204 1201 New York Ave NW Ste 350 Washington DC 20005 Mark Duclos Vice President 0.5 0 X X 0 0 0 Geoffrey Kasselman Immediate Past President (partial year) 0.5 0 X X 0 0 0 Del Markward President 0.5 0 X X 0 0 0 Thomas McCormick CEO & OPERATIONS DIRECTOR (PARTIAL YEAR) 37.5 0 X X 129646 0 23789 Craig Meyer Past President Representative 0.5 0 X X 0 0 0 Terry Smith Past President Representative 0.5 0 X X 0 0 0 Robert Thornburgh President-Elect 0.5 0 X X 0 0 0 Jack Whalen Treasurer 0.5 0 X X 0 0 0 R Conrad Bernard Member-at-Large 2.5 0 X 0 0 0 Dennis Hennessy Member - At Large (beg 10/1/18) 1.0 0 X 0 0 0 Jeff Johnson Member-at-Large 1.0 0 X 0 0 0 David Liebman Speaker, Chapter Leadership Council (Partial Year) 0.5 0 X 0 0 0 David Lockwood Member - At Large 1.0 0 X 0 0 0 Mark Long Member - At Large (beg 10/1/18) 2.5 0 X 0 0 0 Patricia Loveall Member-at-Large 2.5 0 X 0 0 0 David Schiller Speaker, Chapter Leadership Council (beg 10/1/18) 0.5 0 X 0 0 0 Frederic Schneider Member - At Large (beg 10/1/18) 0.5 0 X 0 0 0 Patrick Sentner Member - At Large 0.5 0 X 0 0 0 J Peter Whatmore Member - At Large (Partial Year) 0.5 0 X 0 0 0 Robert Hammond EVP 37.5 0 X 251562 0 32323 James R Hirt CEO (Ended June 2018) 37.5 0 X 282891 0 34516 Virginia Antevil Manager 37.5 0 X 112761 0 22607 Alexis Fermania Manager 37.5 0 X 120261 0 23132 Elizabeth Koenst Manager 37.5 0 X 138100 0 24381 Michael Roberts Manager 37.5 0 X 146132 0 24943 Michael Topp Manager 37.5 0 X 143329 0 24747 1324682 0 210438 8 false true false RAFFA 1899 L St NW 850 Washington DC 20036 Accounting and IT Services 341949 Levick Strategic Communication 1900 M Street NW Washington DC 20036 Communications Campaign 250464 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 SPEAKER FEES 248663 Staging Solutions 2014 Lou Ellen Lane Houston TX 77018 Production Management 245700 4 10000 10000 MEMBERSHIP DUES AND FEES 900099 4078681 4078681 CONVENTIONS AND CONFERENCES 900004 2339934 1780274 559660 ADVERTISING AND SUBSCRIPTIONS 541800 120023 6784 113239 EDUCATION COURSES & MTGS 900099 215439 215439 0 0 0 0 6754077 153685 153685 120183 120183 0 0 2116645 2061644 55001 0 55001 55001 9391 8826 565 565 Miscellaneous income 900099 14221 14221 0 0 0 0 14221 7107732 6095964 113239 888529 X 5000 437321 1493599 80509 153609 127724 37447 276005 32343 950403 0 0 0 463584 388784 54771 317780 317327 1690178 56117 Maintenance and repairs 15941 Income taxes and fees 10491 Awards and Gifts 4873 76930 0 0 0 6990736 0 0 0 1160642 1669323 3486282 2551379 144671 179292 0 0 0 289613 180872 1194757 1000671 198639 194086 6921734 6526472 0 0 33627 37449 12235208 11338873 969075 694463 1786932 1428317 0 497476 499100 3253483 2621880 X 8981725 8716993 8981725 8716993 12235208 11338873 116996 -381728 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 false false true false 248091 128652 119439 946666 872019 74647 194086 Deferred rent 499100 499100 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Association and its consolidated and combined entities follow guidance issued by the Financial Accounting Standards Board ("FASB") with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Association recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Association has no amounts accrued for interest or penalties as of December 31, 2018 and 2017. Central America and the Caribbean 0 0 Program Services Recruitment 1969 Europe (Including Iceland and Greenland) 0 0 Program Services Recruitment and Member Meetings 140712 0 0 0 0 0 0 142681 0 142681 false false false false false false X true true X X X X true false false Thomas McCormick CEO & OPERATIONS DIRECTOR (PARTIAL YEAR) 129432 0 0 0 214 0 9075 0 14714 0 153435 0 0 0 Robert Hammond EVP 228147 0 22512 0 903 0 17609 0 14714 0 283885 0 0 0 James R Hirt CEO (Ended June 2018) 222891 0 60000 0 0 0 19802 0 14714 0 317407 0 0 0 Elizabeth Koenst Manager 127299 0 10640 0 161 0 9667 0 14714 0 162481 0 0 0 Michael Roberts Manager 134846 0 11106 0 180 0 10229 0 14714 0 171075 0 0 0 Michael Topp Manager 132753 0 10432 0 144 0 10033 0 14714 0 168076 0 0 0 Schedule J, Part I, Line 1a Travel for companions SPOUSAL TRAVEL TO THE SPRING AND FALL CONFERENCES IS ALLOWED FOR 6 MEMBERS OF THE EXECUTIVE COMMITTEE IF IT IS DETERMINED THAT THEIR ATTENDANCE IS NEEDED FOR BUSINESS PURPOSES. REIMBURSEMENTS FOR SPOUSAL TRAVEL ARE REPORTED AS TAXABLE INCOME TO THE MEMBER AS APPROPRIATE. SPOUSAL TRAVEL FOR THE EVP IS REPORTED ON THE EVP'S FORM W2. Schedule J, Part I, Line 4a Severance or change-of-control payment During 2018, James R. Hirt was paid compensation of $60,000 as a result of a severance from the position of CEO. Form 990, Part VI, Line 6 FORM 990, PART VI, SECTION A, LINE 6 - 7B 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 - 7B. Form 990, Part VI, Line 15b FORM 990, PART VI, SECTION B, LINE 15B SIOR USES AN OUTSIDE CONSULTANT TO HELP DETERMINE THE COMPENSATION PACKAGE FOR THE SENIOR VP OF OPERATIONS. THE SIOR EVP MAKES THE FINAL DECISION REGARDING THE FINAL COMPENSATION PACKAGE. ON AN ANNUAL BASIS, THE SENIOR VP OF OPERATIONS HAS 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, Line 1a Delegate broad authority to a committee The Executive Committee of SIOR will have a membership of seven (7) members that include the President, the President-Elect, the Vice President, the Immediate Past President, the Treasurer, the Speaker of the Council of Chapter Presidents, and the Executive Vice President as a non-voting member. This committee, chaired by the President, is empowered to implement general policy adopted by the Board, will advise and recommend action to the President and Executive Vice President, and will make policy recommendations to the Board. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 will be reviewed in detail by the SIOR Executive Vice President, Treasurer and Executive Committee. In addition, the Treasurer will report the results to the Board of Directors (BOD) at the next Board of Directors. Form 990, Part VI, 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, Line 15a Process to establish compensation of top management official SIOR has a Compensation Committee which consists of the President and the two most immediate past Presidents. 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 EVP and approved the terms of the Employment Agreement and any amendment thereto. Once the Employment Agreement for the Executive Vice President 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 March 2018 and the most recent employment agreement was dated April 2018. Deliberations and decision-making with respect to the EVP's compensation are documented on a timely basis by the Compensation Committee. On an annual basis, the EVP 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 EVP compensation for the 2018 tax year was reviewed and approved in December 2017. Form 990, Part VI, 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. Form 990, Part IX, Line 11g Other Fees Printing and Production - Total Expense: 546030, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Consulting - Total Expense: 404373, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; SIOR FOUNDATION 1201 NEW YORK AVE NW STE 350 WASHINGTON DC 20005 520808480 EDUCATION IL 501(c)(3) 7 SIOR true false false true false false false false false false false false false false true true false true true true SIOR FOUNDATION Q 76564 ITEMIZED EXPENSES