2015-11-06T11:00:28-06:00 2014-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2014-12-01 530184820 Society of Industrial and Office Realtors SOCI 3123298200 430 N Michigan Chicago IL 60611 Richard Hollander EVP 2015-11-05 true Nicole Bencik P00756195 3128997000 2014 2016-04-25 22:37:26Z Richard Hollander 430 N Michigan Chicago IL 60611 6966578 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. 22 22 20 150 107930 19442 30100 20000 5436355 5806338 168228 146882 1022 877 5635705 5974097 0 0 0 1859608 2026512 0 0 0 3117211 3255071 4976819 5281583 658886 692514 8526973 9696880 2617615 2960827 5909358 6736053 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. 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 false 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 31 0 20 true true true false false false false false X 22 22 false false false false false false false true true false true true false true true true true true true false false X Richard Hollander 2024498204 1201 New York Ave NW Ste 350 Washington DC 20005 Terry Smith Immediate Past President 3.00 0 X X 0 0 0 Mike Hillis President 2.00 0.50 X X 0 0 0 Angela L West President-Elect 0.50 0 X X 0 0 0 Allen Gump Vice President 2.00 0.50 X X 0 0 0 Del Markward Treasurer 2.50 0 X X 0 0 0 Peter Hanson Director 0.50 0.50 X 0 0 0 Thomas E McCormick III Director 0.50 0.50 X 0 0 0 Kevin Beaudry Director 0.50 0.50 X 0 0 0 Mark Byers Director 0.50 0.50 X 0 0 0 Chris Cuff Director 0.50 0 X 0 0 0 Thomas Farrelly Director 0.50 0 X 0 0 0 Nimrod Frazer Director 0.50 0 X 0 0 0 Robert Thornburgh Director 0.50 0 X 0 0 0 C Robert Percival Director 0.50 0 X 0 0 0 Jill Rasmussen Director 0.50 0.50 X 0 0 0 Jack Shepley Director 0.50 0 X 0 0 0 Patricia Loveall Director 0.50 0.50 X 0 0 0 John Barker Director 0.50 0.50 X 0 0 0 William Cox Director 0.50 0 X 0 0 0 Robert Dikman Director 0.50 0.50 X 0 0 0 Jeffrey Sperry Director 0.50 0 X 0 0 0 Bryan Poynter Director 0.50 0 X 0 0 0 Richard Hollander EVP 37.50 0 X 423938 0 37524 Robert Hammond Sr. VP of Operations 37.50 0 X 218204 0 31663 Diana Lee Manager 37.50 0 X 138103 0 21191 Michael Roberts Manager 37.50 0 X 115934 0 19639 Alexis Fimanis Manager 37.50 0 X 107881 0 19076 Lizzy Koenst Manager 37.50 0 X 109240 0 19171 Michael Topp Manager 37.50 0 X 108449 0 19115 1221749 0 167379 7 false true false Mullahy Company 1650 Market St 33rd Flr Philadelphia PA 19013 PR ad placement and consulting 291523 RAFFA 1899 L St NW 900 Washington DC 20036 Accounting and Tax Services 278392 American Audio Video 2862 Hartland Rd Falls Church VA 22043 Audio/Video 140646 WASHington SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 SPEAKER FEES 105689 The Sanstad Group 8333 Douglas Ave Suite 1350 Dallas TX 75225 Consulting 104053 6 20000 20000 MEMBERSHIP DUES AND FEES 900099 3657766 3657766 CONVENTIONS AND CONFERENCES 900004 1882177 1882177 ADVERTISING AND SUBSCRIPTIONS 541800 107930 107930 EDUCATION COURSES & MTGS 900099 158465 158465 0 0 0 0 5806338 102558 102558 0 0 1036805 992481 44324 0 44324 44324 Miscellaneous income 900099 877 877 0 0 0 0 877 5974097 5699285 107930 146882 711329 968983 40332 202295 103573 27237 281531 14984 446106 0 0 0 249604 295919 44539 320193 202086 1097302 164699 Maintenance and repairs 14573 Public policy expenses 5000 Income taxes and fees 22902 68396 0 0 0 5281583 0 0 0 1171813 1891339 4050980 3391727 42719 83948 0 0 74449 105716 1195091 843411 454734 351680 2693187 3843287 0 0 39091 29183 8526973 9696880 849815 889853 1322193 1618703 0 445607 452271 2617615 2960827 X 5909358 6736053 5909358 6736053 8526973 9696880 692514 134181 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false 248091 29415 218676 947000 813996 133004 351680 Deferred rent 452271 452271 X 6093294 134181 0 134181 5959113 14984 0 14984 5974097 5266599 0 0 5266599 14984 0 14984 5281583 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote SIOR has adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this policy, SIOR may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position would be sustained on examination by taxing authorities, based on the technical merits of the position. Management has evaluated SIOR's tax positions and has concluded that SIOR has taken no uncertain tax positions that require adjustment to the financial statements to comply with provisions of this guideline. SIOR would be liable for income taxes in the U.S. federal jurisdiction. Generally, SIOR is no longer subject to U.S. federal tax examinations by tax authorities before 2011. Central America and the Caribbean 0 0 Program Services Member Meetings 6428 Europe (Including Iceland and Greenland) 0 0 Program Services Member Meetings 75839 0 0 0 0 0 0 82267 0 82267 false false false false false false X X true true X X X X false false false Richard Hollander EVP 324406 0 98054 0 1478 0 26000 0 11524 0 461462 0 0 0 Robert Hammond Sr. VP of Operations 201386 0 16335 0 483 0 20139 0 11524 0 249867 0 0 0 Diana Lee Manager 138103 0 0 0 0 0 9667 0 11524 0 159294 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 Comittee 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 (including gross up payments) for the EVP is reported on the EVP's Form W2. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments See below. 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 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 2014 and the most recent employment agreement was dated April 2014. 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 2014 tax year was reviewed and approved in December 2013. 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. 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 G 113000 Itemized Expenses