2016-05-31T10:19:20-05:00 2015-12-31 371335003 ECK SCHAFER & PUNKE LLP 227 SOUTH SEVENTH STREET SPRINGFIELD IL 62701 990 2015-01-01 237289227 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION ILLI 2175292600 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 LEONARD TAYLOR TREASURER 2175292600 2016-05-18 1 BRENT LEACH P00331592 2175251111 2016-05-18 2015 2016-09-27 15:27:22Z LEONARD TAYLOR 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 197957 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. 16 16 0 18 0 0 89764 159110 0 0 5206 4660 2123 1697 97093 165467 42390 41793 0 0 0 0 0 0 0 78445 61861 120835 103654 -23742 61813 1329832 1375726 68773 52854 1261059 1322872 PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY. 0 0 41793 41793 SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. BROKER CONTINUING EDUCATION 41793 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 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 MATT SILVER PRESIDENT 1.00 X X 0 0 0 MICHAEL BUSCHER VICE PRESIDENT 1.00 X X 0 0 0 DEBBIE BORGWALD DIRECTOR 1.00 X 0 0 0 ROBERT EBY DIRECTOR 1.00 X 0 0 0 KRISTIE DEBRUN DIRECTOR 1.00 X 0 0 0 JUDY DOYLE DIRECTOR 1.00 X 0 0 0 DALLAS HANCOCK DIRECTOR 1.00 X 0 0 0 DAVID HANNA DIRECTOR 1.00 X 0 0 0 KATHRYN KALNES DIRECTOR 1.00 X 0 0 0 SUSAN MILLER DIRECTOR 1.00 X 0 0 0 EZEKIEL MORRIS DIRECTOR 1.00 X 0 0 0 EDWIN NEAVES DIRECTOR 1.00 X 0 0 0 NYKEA PIPPION-MCGRIFF DIRECTOR 1.00 X 0 0 0 JULIE ROTH DIRECTOR 1.00 X 0 0 0 LINDA SHAFER DIRECTOR 1.00 X 0 0 0 VICKY TURNER DIRECTOR 1.00 X 0 0 0 LEONARD TAYLOR TREASURER 1.00 X 0 158838 27117 LAURIE CLAYTON FOUNDATION MANAGER 23.00 X 0 81024 27309 0 239862 54426 0 0 1 0 0 15900 15000 128210 159110 4660 4660 29397 15900 32490 -3093 -3093 OTHER INCOME 531390 4790 4790 4790 165467 0 0 6357 41793 41793 720 720 4900 4900 2648 2648 623 623 SALARY BILL BACKS 50000 50000 BANK & CREDIT CARD FEES 1491 1491 MEETING 759 759 DUES & FEES 720 720 103654 41793 61861 0 1316174 1362433 13646 13281 12 12 1329832 1375726 68073 52254 700 600 68773 52854 X 1211059 1272872 50000 50000 1261059 1322872 1329832 1375726 61813 0 X 0 1 X 0 0 X 20464 18610 68028 89764 159110 355976 20464 18610 68028 89764 159110 355976 33820 322156 14218 9235 6253 5206 4660 39572 4241 823 6440 8277 4790 24571 420119 136855 0.76680 0.61440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 797752 72567 4660 41793 833186 803985 30951 5206 42390 797752 787401 26659 45036 55111 803985 794801 18610 9235 35245 787401 765628 36149 14218 21194 794801 0 0 0 X 197957 32490 32490 165467 0 165467 136144 32490 32490 103654 0 103654 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, 2015, 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 31350 15900 15450 11742 13279 GOLF FUNDRAISER 11906 11906 7469 43256 15900 27356 11742 20748 32490 -5134 1 EDUCATIONAL SCHOLARSHIPS 82 41793 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 1 0 0 0 0 0 0 0 LEONARD TAYLOR TREASURER 0 136500 0 21570 0 768 0 9509 0 17608 0 185955 0 0 FORM 990, PART VI, SECTION B, LINE 11 AUTHORIZATION IS GIVEN TO ILLINOIS ASSOCIATION OF REALTORS, A RELATED ENTITY, FOR REVIEW OF THE 990 BY THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE PRIOR TO FILING. A COPY OF THE RETURN IS ALSO GIVEN TO ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION BOARD FOR REVIEW. 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 ASSOCIATION OF 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 1 0 0 1 1 1 0 0 0 ILLINOIS ASSOCIATION OF REALTORS O 50000 ILLINOIS ASSOCIATION OF REALTORS P 172569