STRATEGY STUDIO / PUBLIC DATA EXPLORER

ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION (EIN 23-7289227)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-06-04
IRS object ID
201401559349300240
Schema version
2013v3.0
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)
Return2014-06-04T16:31:14-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371335003PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ECK SCHAFER & PUNKE LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 E ADAMS STAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code627011624ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237289227EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone2175292600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STREETAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code62701ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEONARD TAYLORPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2175292600PhoneNum
Signature2014-05-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRENT LEACHPreparerPersonNm
PTINP00331592PTIN
Phone2175251111PhoneNum
Preparation2014-05-27PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLEONARD TAYLORPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STREETAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code62701ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$100,250GrossReceiptsAmt
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 Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers17TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$18,610PYContributionsGrantsAmt
CY Contributions Grants$68,028CYContributionsGrantsAmt
PY Program Service Revenue$7,804PYProgramServiceRevenueAmt
CY Program Service Revenue$2,581CYProgramServiceRevenueAmt
PY Investment Income$9,235PYInvestmentIncomeAmt
CY Investment Income$6,253CYInvestmentIncomeAmt
PY Other Revenue$4,008PYOtherRevenueAmt
CY Other Revenue-$3,521CYOtherRevenueAmt
PY Total Revenue$39,657PYTotalRevenueAmt
CY Total Revenue$73,341CYTotalRevenueAmt
PY Grants And Similar Paid$47,745PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$55,111CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$170,474PYOtherExpensesAmt
CY Other Expenses$138,160CYOtherExpensesAmt
PY Total Expenses$218,219PYTotalExpensesAmt
CY Total Expenses$193,271CYTotalExpensesAmt
PY Revenues Less Expenses-$178,562PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$119,930CYRevenuesLessExpensesAmt
Total Assets BOY$1,504,407TotalAssetsBOYAmt
Total Assets EOY$1,411,605TotalAssetsEOYAmt
Total Liabilities BOY$99,676TotalLiabilitiesBOYAmt
Total Liabilities EOY$126,804TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,404,731NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,284,801NetAssetsOrFundBalancesEOYAmt
MissionPROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$55,111ExpenseAmt
Grant$55,111GrantAmt
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)
Expense$9,558ExpenseAmt
Revenue$2,581RevenueAmt
DescBROKER CONTINUING EDUCATIONDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$64,669TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
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 PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
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
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
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 VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
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 MADAUSBusinessNameLine1
FieldValueIRS element (for citing)
Phone2175292600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 SOUTH 5TH STAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code62701ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ROBERT EBY
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MATT SILVER
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MICHAEL BUSCHER
DIRECTOR1.00Yes (X)$0$0$0
SUSAN MILLER
DIRECTOR1.00Yes (X)$0$0$0
DIANE HAMMON
DIRECTOR1.00Yes (X)$0$0$0
LINDA SHAFER
DIRECTOR1.00Yes (X)$0$0$0
KATHRYN KALNES
DIRECTOR1.00Yes (X)$0$0$0
DAVID HANNA
DIRECTOR1.00Yes (X)$0$0$0
EZEKIEL MORRIS
DIRECTOR1.00Yes (X)$0$0$0
VICKY TURNER
DIRECTOR1.00Yes (X)$0$0$0
DALLAS HANCOCK
DIRECTOR1.00Yes (X)$0$0$0
JOHN COLLINS
DIRECTOR1.00Yes (X)$0$0$0
JULIE ROTH
DIRECTOR1.00Yes (X)$0$0$0
DEBBIE BORGWALD
DIRECTOR1.00Yes (X)$0$0$0
JUDY DOYLE
DIRECTOR1.00Yes (X)$0$0$0
JOY WOFFORD
DIRECTOR1.00Yes (X)$0$0$0
YOUNG BROCKHOUSE
DIRECTOR1.00Yes (X)$0$0$0
LEONARD TAYLOR
TREASURER1.00Yes (X)$0$158,695$24,119
LAURIE CLAYTON
FOUNDATION MANAGER23.00Yes (X)$0$68,771$25,663
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$227,466TotReportableCompRltdOrgAmt
Total Other Compensation$49,782TotalOtherCompensationAmt
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
Fundraising$18,869FundraisingAmt
Government Grants$22,500GovernmentGrantsAmt
All Other Contributions$26,659AllOtherContributionsAmt
Total Contributions$68,028TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescBROKER MANAGEMENT CPEDesc
Business531390BusinessCd
Total Revenue Column$2,581TotalRevenueColumnAmt
Related Or Exempt Func Income$2,581RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,581TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,253TotalRevenueColumnAmt
Exclusion$6,253ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$16,948FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$18,869ContriRptFundraisingEventAmt
Fundraising Direct Expenses$26,909FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$9,961TotalRevenueColumnAmt
Exclusion-$9,961ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business531390BusinessCd
Total Revenue Column$6,440TotalRevenueColumnAmt
Exclusion$6,440ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,440OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$73,341TotalRevenueColumnAmt
Related Or Exempt Func Income$2,581RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,732ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$55,111TotalAmt
Program Services$55,111ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,650TotalAmt
Management And General$1,650ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,600TotalAmt
Management And General$4,600ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,617TotalAmt
Management And General$2,617ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$453TotalAmt
Management And General$453ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
SALARY BILL BACKS$107,852$107,852
BROKER MANAGEMENT CPE$9,558$9,558
PARTNERSHIP FOR HOME OW$7,197$7,197
ADVERTISING$1,200$1,200

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,033TotalAmt
Management And General$3,033ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$193,271TotalAmt
Program Services$64,669ProgramServicesAmt
Management And General$128,602ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,502,423BOYAmt
EOY$1,400,478EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,969BOYAmt
EOY$11,127EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$15BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,504,407BOYAmt
EOY$1,411,605EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$99,176BOYAmt
EOY$126,654EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt
EOY$150EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$99,676BOYAmt
EOY$126,804EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,354,731BOYAmt
EOY$1,234,801EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

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

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,404,731BOYAmt
EOY$1,284,801EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,504,407BOYAmt
EOY$1,411,605EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$119,930ReconcilationRevenueExpnssAmt
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 CommitteeYes (1)AuditCommitteeInd
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$20,158CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,196CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,464CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,610CurrentTaxYearMinus1YearAmt
Current Tax Year$68,028CurrentTaxYearAmt
Total$146,456TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,158CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$19,196CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,464CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,610CurrentTaxYearMinus1YearAmt
Current Tax Year$68,028CurrentTaxYearAmt
Total$146,456TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$39,210SubstantialContributorsTotAmt
Public Support Total170$107,246PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$12,431CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,288CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$14,218CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$9,235CurrentTaxYearMinus1YearAmt
Current Tax Year$6,253CurrentTaxYearAmt
Total$56,425TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,822CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$10,270CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,241CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$823CurrentTaxYearMinus1YearAmt
Current Tax Year$6,440CurrentTaxYearAmt
Total$26,596TotalAmt
FieldValueIRS element (for citing)
Total Support$229,477TotalSupportAmt
Gross Receipts Rltd Activities$1,102,829GrossReceiptsRltdActivitiesAmt
Public Support CY1700.46730PublicSupportCY170Pct
Public Support PY1700.36210PublicSupportPY170Pct
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

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$787,401BeginningYearBalanceAmt
Contributions$26,659ContributionsAmt
Investment Earnings Or Losses$45,036InvestmentEarningsOrLossesAmt
Grants Or Scholarships$55,111GrantsOrScholarshipsAmt
End Year Balance$803,985EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$794,801BeginningYearBalanceAmt
Contributions$18,610ContributionsAmt
Investment Earnings Or Losses$9,235InvestmentEarningsOrLossesAmt
Grants Or Scholarships$35,245GrantsOrScholarshipsAmt
End Year Balance$787,401EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$765,628BeginningYearBalanceAmt
Contributions$36,149ContributionsAmt
Investment Earnings Or Losses$14,218InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,194GrantsOrScholarshipsAmt
End Year Balance$794,801EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$747,225BeginningYearBalanceAmt
Contributions$19,646ContributionsAmt
Investment Earnings Or Losses$14,288InvestmentEarningsOrLossesAmt
Grants Or Scholarships$15,531GrantsOrScholarshipsAmt
End Year Balance$765,628EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$717,154BeginningYearBalanceAmt
Contributions$52,047ContributionsAmt
Investment Earnings Or Losses$12,431InvestmentEarningsOrLossesAmt
Grants Or Scholarships$34,406GrantsOrScholarshipsAmt
End Year Balance$747,226EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.93780BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.06220PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$100,250TotalRevEtcAuditedFinclStmtAmt
Other Revenue$26,909OtherRevenueAmt
Revenue Not Reported$26,909RevenueNotReportedAmt
Revenue Subtotal$73,341RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$73,341TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$220,180TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$26,909OtherExpensesIncludedAmt
Expenses Not Reported$26,909ExpensesNotReportedAmt
Expenses Subtotal$193,271ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$193,271TotalExpensesPerForm990Amt

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, 2013, AND DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. THE FOUNDATIONS INFORMATIONAL INCOME TAX RETURNS FOR YEARS SUBSEQUENT TO 2009 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES.
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)
Name Of Event1BANQUETNameOfEvent1Amt
Gross Receipts Event1$25,575GrossReceiptsEvent1Amt
Charitable Contri Event1$13,050CharitableContriEvent1Amt
Gross Revenue Event1$12,525GrossRevenueEvent1Amt
Food And Beverage Event1$14,534FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$7,568OtherDirectExpensesEvent1Amt
Name Of Event2GOLF OUTINGNameOfEvent2Amt
Gross Receipts Event2$8,716GrossReceiptsEvent2Amt
Charitable Contri Event2$5,819CharitableContriEvent2Amt
Gross Revenue Event2$2,897GrossRevenueEvent2Amt
Food And Beverage Event2$333FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$4,474OtherDirectExpensesEvent2Amt
Gross Receipts Total$34,291GrossReceiptsTotalAmt
Charitable Contributions Tot$18,869CharitableContributionsTotAmt
Gross Revenue Total Events$15,422GrossRevenueTotalEventsAmt
Food And Beverage Total Events$14,867FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$12,042OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$26,909DirectExpenseSummaryEventsAmt
Net Income Summary-$11,487NetIncomeSummaryAmt

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
Recipient105RecipientCnt
Cash Grant$55,111CashGrantAmt

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)
PersonLEONARD TAYLORPersonNm
TitleTREASURERTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$125,000CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$32,999BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$696OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$10,924DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$13,195NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$182,814TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonCOURTNEY BUSCHERPersonNm
Relationship With OrgDAUGHTER OF AN ILLINOIS REAL ESTATE EDUCATION FOUNDATION BOARD MEMBERRelationshipWithOrgTxt
Cash Grant$1,000CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeEDUCATION SCHOLARSHIPAssistancePurposeTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4THE ARTICLES AND BY-LAWS (ARTICLE 2, SECTION 13) WERE AMENDED AS FOLLOWS: PROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AND EDUCATION OR CAREER IN REAL ESTATE.
FORM 990, PART VI, SECTION B, LINE 11AUTHORIZATION 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 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 ASSOCIATION OF REALTORSBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 S 5TH STAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code62701ZIPCode
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 INCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1522 S 5TH STREETAddressLine1
CitySPRINGFIELDCity
StateILState
ZIP Code62701ZIPCode
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 OrgYes (1)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
ILLINOIS ASSOCIATION OF REALTORS
O$85,515
ILLINOIS ASSOCIATION OF REALTORS
P$134,834