2014-06-04T16:31:14-05:00 2013-12-31 371335003 ECK SCHAFER & PUNKE LLP 600 E ADAMS ST SPRINGFIELD IL 627011624 990 2013-01-01 237289227 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION ILLI 2175292600 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 LEONARD TAYLOR TREASURER 2175292600 2014-05-27 1 BRENT LEACH P00331592 2175251111 2014-05-27 2013 2015-11-30 17:44:51Z LEONARD TAYLOR 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 100250 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. 17 17 0 17 0 0 18610 68028 7804 2581 9235 6253 4008 -3521 39657 73341 47745 55111 0 0 0 0 0 0 0 170474 138160 218219 193271 -178562 -119930 1504407 1411605 99676 126804 1404731 1284801 PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY. 0 0 55111 55111 SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. 9558 2581 BROKER CONTINUING EDUCATION 64669 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 1 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 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 IL X CATHY MADAUS 2175292600 522 SOUTH 5TH ST SPRINGFIELD IL 62701 ROBERT EBY PRESIDENT 1.00 X X 0 0 0 MATT SILVER VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL BUSCHER DIRECTOR 1.00 X 0 0 0 SUSAN MILLER DIRECTOR 1.00 X 0 0 0 DIANE HAMMON DIRECTOR 1.00 X 0 0 0 LINDA SHAFER DIRECTOR 1.00 X 0 0 0 KATHRYN KALNES DIRECTOR 1.00 X 0 0 0 DAVID HANNA DIRECTOR 1.00 X 0 0 0 EZEKIEL MORRIS DIRECTOR 1.00 X 0 0 0 VICKY TURNER DIRECTOR 1.00 X 0 0 0 DALLAS HANCOCK DIRECTOR 1.00 X 0 0 0 JOHN COLLINS DIRECTOR 1.00 X 0 0 0 JULIE ROTH DIRECTOR 1.00 X 0 0 0 DEBBIE BORGWALD DIRECTOR 1.00 X 0 0 0 JUDY DOYLE DIRECTOR 1.00 X 0 0 0 JOY WOFFORD DIRECTOR 1.00 X 0 0 0 YOUNG BROCKHOUSE DIRECTOR 1.00 X 0 0 0 LEONARD TAYLOR TREASURER 1.00 X 0 158695 24119 LAURIE CLAYTON FOUNDATION MANAGER 23.00 X 0 68771 25663 0 227466 49782 0 0 1 0 0 18869 22500 26659 68028 BROKER MANAGEMENT CPE 531390 2581 2581 2581 6253 6253 16948 18869 26909 -9961 -9961 OTHER INCOME 531390 6440 6440 6440 73341 2581 0 2732 55111 55111 1650 1650 4600 4600 2617 2617 453 453 SALARY BILL BACKS 107852 107852 BROKER MANAGEMENT CPE 9558 9558 PARTNERSHIP FOR HOME OW 7197 7197 ADVERTISING 1200 1200 3033 3033 193271 64669 128602 0 1502423 1400478 1969 11127 15 0 1504407 1411605 99176 126654 500 150 99676 126804 X 1354731 1234801 50000 50000 1404731 1284801 1504407 1411605 -119930 0 X 0 1 X 1 0 X 20158 19196 20464 18610 68028 146456 20158 19196 20464 18610 68028 146456 39210 107246 12431 14288 14218 9235 6253 56425 4822 10270 4241 823 6440 26596 229477 1102829 0.46730 0.36210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 787401 26659 45036 55111 803985 794801 18610 9235 35245 787401 765628 36149 14218 21194 794801 747225 19646 14288 15531 765628 717154 52047 12431 34406 747226 0.93780 0.06220 0.00000 0 0 0 X 100250 26909 26909 73341 0 73341 220180 26909 26909 193271 0 193271 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 BANQUET 25575 13050 12525 14534 7568 GOLF OUTING 8716 5819 2897 333 4474 34291 18869 15422 14867 12042 26909 -11487 1 EDUCATIONAL SCHOLARSHIPS 105 55111 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 0 0 0 0 0 0 0 0 LEONARD TAYLOR TREASURER 0 125000 0 32999 0 696 0 10924 0 13195 0 182814 0 0 COURTNEY BUSCHER DAUGHTER OF AN ILLINOIS REAL ESTATE EDUCATION FOUNDATION BOARD MEMBER 1000 SCHOLARSHIP EDUCATION SCHOLARSHIP FORM 990, PART VI, SECTION A, LINE 4 THE 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 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 85515 ILLINOIS ASSOCIATION OF REALTORS P 134834