ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION: Form 990, tax year 2012
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- Organization
- ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION (EIN 23-7289227)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-06-10
- IRS object ID
- 201321619349300207
- Schema version
- 2012v2.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-06-10T09:05:07-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 371335003 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ECK SCHAFER & PUNKE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 E ADAMS ST | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 627011624 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237289227 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ILLI | NameControl |
| Phone | 2175292600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 SOUTH 5TH STREET | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 62701 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LEONARD TAYLOR | Name |
| Title | TREASURER | Title |
| Phone | 2175292600 | Phone |
| Date Signed | 2013-06-03 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRENT LEACH | Name |
| PTIN | P00331592 | PTIN |
| Phone | 2175251111 | Phone |
| Date Prepared | 2013-06-03 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LEONARD TAYLOR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 SOUTH 5TH STREET | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 62701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 62467 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ILREEF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1970 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 18 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 20464 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 18610 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8137 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 7804 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 14218 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9235 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 5286 | OtherRevenuePriorYear |
| Other Revenue Current Year | 4008 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 48105 | TotalRevenuePriorYear |
| Total Revenue Current Year | 39657 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 21194 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 47745 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 163712 | OtherExpensePriorYear |
| Other Expenses Current Year | 170474 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 184906 | TotalExpensesPriorYear |
| Total Expenses Current Year | 218219 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -136801 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -178562 | RevenuesLessExpensesCY |
| Total Assets BOY | 1772168 | TotalAssetsBOY |
| Total Assets EOY | 1504407 | TotalAssetsEOY |
| Total Liabilities BOY | 188875 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 99676 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1583293 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1404731 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDE GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING A REAL ESTATE CAREER. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 47745 | Expense |
| Grants | 47745 | Grants |
| Description | SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 758 | Expense |
| Revenue | 7804 | Revenue |
| Description | BROKER CONTINUING EDUCATION | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 48503 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHY MADAUS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2175292600 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 SOUTH 5TH ST | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 62701 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| DALE TAYLOR | ||||||
| PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| PAULA ANDERSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL BUSCHER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DIANE HAMMON | ||||||
| VICE PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| MELINDA HELFER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT EBY | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| GERALDINE MCKEON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MATT SILVER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DEBBIE BORGWALD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MICHAEL LONG | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NANCY SUVARNAMANI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOY WOFFORD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SUSAN MILLER | ||||||
| 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 | |
| DALLAS HANCOCK | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN COLLINS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARK OAKS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LEONARD TAYLOR | ||||||
| TREASURER | 1.00 | X | 0 | 145322 | 11782 | |
| LAURIE CLAYTON | ||||||
| FOUNDATION MANAGER | 23.00 | X | 0 | 68766 | 26438 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 214088 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 38220 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 18610 | AllOtherContributions |
| Total Contributions | 18610 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BROKER MANAGEMENT CPE | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 7804 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7804 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 7804 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9235 | TotalRevenueColumn |
| Exclusion | $9,235 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 25995 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 22810 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3185 | TotalRevenueColumn |
| Exclusion | $3,185 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 823 | TotalRevenueColumn |
| Exclusion | $823 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 823 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 39657 | TotalRevenueColumn |
| Related Or Exempt Function Income | 7804 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $13,243 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12500 | Total |
| Program Services | 12500 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35245 | Total |
| Program Services | 35245 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 735 | Total |
| Management And General | 735 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4450 | Total |
| Management And General | 4450 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1671 | Total |
| Management And General | 1671 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 227 | Total |
| Management And General | 227 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| SALARY BILL BACKS | 96546 | 96546 |
| PARTNERSHIP FOR HOME OW | 59643 | 59643 |
| CONTRIBUTIONS | 5000 | 5000 |
| MEETINGS | 889 | 889 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1313 | Total |
| Program Services | 758 | ProgramServices |
| Management And General | 555 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 218219 | Total |
| Program Services | 48503 | ProgramServices |
| Management And General | 169716 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1693571 | BOY |
| EOY | 1502423 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78574 | BOY |
| EOY | 1969 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23 | BOY |
| EOY | 15 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1772168 | BOY |
| EOY | 1504407 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188625 | BOY |
| EOY | 99176 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250 | BOY |
| EOY | 500 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188875 | BOY |
| EOY | 99676 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1533293 | BOY |
| EOY | 1354731 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50000 | BOY |
| EOY | 50000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1583293 | BOY |
| EOY | 1404731 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1772168 | BOY |
| EOY | 1504407 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -178562 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Both | X | FinancialStatementBoth |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 36965 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20158 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19196 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20464 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18610 | CurrentTaxYear |
| Total | 115393 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 36965 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 20158 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19196 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20464 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18610 | CurrentTaxYear |
| Total | 115393 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 36037 | AmountsSubstContributorsTotal |
| Public Support Total170 | 79356 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 33414 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 12431 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14288 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 14218 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9235 | CurrentTaxYear |
| Total | 83586 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 4822 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10270 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4241 | CurrentTaxYearMinus1Year |
| Current Tax Year | 823 | CurrentTaxYear |
| Total | 20156 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 219135 | TotalSupport |
| Gross Receipts From Admissions Etc | 1887171 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.36210 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.39170 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 794801 | BeginningOfYearBalance |
| Contributions | 18610 | Contributions |
| Investment Earnings Or Losses | 9235 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 35245 | GrantsOrScholarships |
| End Of Year Balance | 787401 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 765628 | BeginningOfYearBalance |
| Contributions | 36149 | Contributions |
| Investment Earnings Or Losses | 14218 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 21194 | GrantsOrScholarships |
| End Of Year Balance | 794801 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 747225 | BeginningOfYearBalance |
| Contributions | 19646 | Contributions |
| Investment Earnings Or Losses | 14288 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 15531 | GrantsOrScholarships |
| End Of Year Balance | 765628 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 717154 | BeginningOfYearBalance |
| Contributions | 52047 | Contributions |
| Investment Earnings Or Losses | 12431 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 34406 | GrantsOrScholarships |
| End Of Year Balance | 747226 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 626449 | BeginningOfYearBalance |
| Contributions | 70341 | Contributions |
| Investment Earnings Or Losses | 33414 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 13050 | GrantsOrScholarships |
| End Of Year Balance | 717154 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.93650 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.06350 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 62467 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 22810 | OtherRevenues |
| Revenue Not Rptd F990 | 22810 | RevenueNotRptdF990 |
| Revenue Subtotal | 39657 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 39657 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 241029 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 22810 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 22810 | ExpensesNotRptdF990 |
| Expenses Subtotal | 218219 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 218219 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | SCHOLARSHIPS |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | 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, 2012, AND DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. THE FOUNDATIONS INFORMATIONAL INCOME TAX RETURNS FOR YEARS SUBSEQUENT TO 2008 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
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | BANQUET | NameOfEvent1 |
| Gross Receipts Event1 | 24025 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 24025 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 16029 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 6781 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 24025 | GrossReceiptsTotal |
| Gross Revenue Total Events | 24025 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 16029 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 6781 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 22810 | DirectExpenseSummaryEvents |
| Net Income Summary | 1215 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF ILLINOIS FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1305 WEST GREEN STREET MC-386 | AddressLine1 |
| City | URBANA | City |
| State | IL | State |
| ZIP Code | 61801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 376006007 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 12500 | AmountOfCashGrant |
| Purpose Of Grant | SCHOLARSHIPS | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | EDUCATIONAL SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 82 | NumberOfRecipients |
| Amount Of Cash Grant | 35245 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LEONARD TAYLOR | NamePerson |
| Title | TREASURER | Title |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 120000 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 17644 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 7678 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 10112 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 1670 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 157104 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | COURTNEY BUSCHER | NameOfInterestedPerson |
| Relationship With Organization | DAUGHTER OF AN ILLINOIS REAL ESTATE EDUCATION FOUNDATION BOARD MEMBER | RelationshipWithOrganization |
| Amount Of Grant | 1000 | AmountOfGrant |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistance |
| Purpose Of Assistance | EDUCATION SCHOLARSHIP | PurposeOfAssistance |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| 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. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS ASSOCIATION OF REALTORS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 S 5TH ST | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 62701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 370644545 | EIN |
| Primary Activities | ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS AND PROMOTE EDUCATION | PrimaryActivities |
| Legal Domicile State | IL | LegalDomicileState |
| Exempt Code Section | 501(C)(6) | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REAL ESTATE ADMINISTRATIVE SERVICES INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 S 5TH STREET | AddressLine1 |
| City | SPRINGFIELD | City |
| State | IL | State |
| ZIP Code | 62701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 371362955 | EIN |
| Primary Activity | PROVIDE REAL ESTATE ADMINISTRATIVE SERVICES | PrimaryActivity |
| Legal Domicile State | IL | LegalDomicileState |
| Type Of Entity | C | TypeOfEntity |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| ILLINOIS ASSOCIATION OF REALTORS | |
| O | 76463 |
| ILLINOIS ASSOCIATION OF REALTORS | |
| P | 90819 |