2012-05-14T13:22:32-05:00 2011-12-31 371335003 ECK SCHAFER & PUNKE LLP 600 E ADAMS ST SPRINGFIELD IL 627011624 990 2011-01-01 237289227 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION ILLI 2175292600 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 LEONARD TAYLOR 2175292600 2012-05-09 1 BRENT LEACH P00331592 2175251111 2012-05-09 2011 2016-02-24 21:20:13Z LEONARD TAYLOR 522 SOUTH 5TH STREET SPRINGFIELD IL 62701 73770 0 X WWW.ILREEF.ORG X 1970 IL PROVIDE GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE. 23 23 0 23 0 0 19196 20464 792647 8137 14288 14218 13698 5286 839829 48105 15531 21194 0 0 0 0 0 0 0 347076 163712 362607 184906 477222 -136801 2010231 1772168 366237 188875 1643994 1583293 PROVIDE GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING A REAL ESTATE CAREER. 0 0 21194 SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE. 78470 8137 BROKER CONTINUING EDUCATION 99664 1 1 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 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 DOUGLAS CARPENTER 1.00 X 0 0 0 DALE TAYLOR 1.00 X X 0 0 0 PAULA ANDERSON 1.00 X 0 0 0 JOAN CUNNINGHAM 1.00 X 0 0 0 PAULA FULTON 1.00 X 0 0 0 MICHAEL BUSCHER 1.00 X 0 0 0 DIANE HAMMON 1.00 X X 0 0 0 MELINDA HELFER 1.00 X 0 0 0 ROBERT EBY 1.00 X 0 0 0 GERALDINE MCKEON 1.00 X 0 0 0 MATT SILVER 1.00 X 0 0 0 DEBBIE BORGWALD 1.00 X 0 0 0 MICHAEL LONG 1.00 X 0 0 0 NANCY SUVARNAMANI 1.00 X 0 0 0 SUZANNE WITTENBURG 1.00 X 0 0 0 JOY WOFFORD 1.00 X 0 0 0 SUSAN MILLER 1.00 X 0 0 0 LINDA SHAFER 1.00 X 0 0 0 KATHRYN KALNES 1.00 X 0 0 0 DALLAS HANCOCK 1.00 X 0 0 0 JOHN COLLINS 1.00 X 0 0 0 MARK OAKS 1.00 X 0 0 0 LEONARD TAYLOR 1.00 X 0 133101 15452 0 133101 15452 0 0 0 0 0 20464 20464 BROKER MANAGEMENT CPE 531390 8137 8137 8137 14218 14218 26710 25665 1045 1045 OTHER INCOME 531390 4241 4241 4241 48105 8137 0 19504 21194 21194 1230 1230 4563 4563 938 938 BROKER MANAGEMENT CPE 78470 78470 SALARY BILL BACKS 76264 76264 OTHER 1282 1282 AWARDS 965 965 184906 99664 85242 0 2008193 1693571 2038 78574 23 2010231 1772168 366237 188625 250 366237 188875 X 1593994 1533293 50000 50000 1643994 1583293 2010231 1772168 X -136801 76100 X 0 1 1 X 0 X 26061 36965 20158 19196 20464 122844 26061 36965 20158 19196 20464 122844 24798 98046 33690 33414 12431 14288 14218 108041 59 4822 10270 4241 19392 250277 2414602 0.39170 0.41300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 765628 36149 14218 21194 794801 747225 19646 14288 15531 765628 717154 52047 12431 34406 747226 626449 70341 33414 13050 717154 0.79500 0.06300 0.14200 0 0 0 48105 184906 -136801 76100 76100 -60701 73770 25665 25665 48105 0 48105 210571 25665 25665 184906 0 184906 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: SCHOLARSHIPS DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011, AND DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. THE FOUNDATIONS INFORMATIONAL INCOME TAX RETURNS FOR YEARS SUBSEQUENT TO 2007 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: CONTRIBUTIONS OF NET ASSETS FROM PARTNERSHIP FROM HOME OWNERSHIP, INC. 76,100. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED DIRECTLY AGAINST SPECIAL EVENT REVENUE PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED DIRECTLY AGAINST SPECIAL EVENT REVENUE BANQUET 26710 26710 18515 7150 26710 26710 18515 7150 25665 1045 1 EDUCATIONAL SCHOLARSHIPS 50 21194 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO ALLOW THE ORGANIZATION TO SUPPORT AND PROMOTE EDUCATIONAL ACTIVITIES INCLUDING FORUMS, PANELS, LECTURES, CONSUMER EDUCATION AND OTHER SIMILAR PROGRAMS THAT WILL EDUCATE THE PUBLIC ABOUT HOME OWNERSHIP, HOME PURCHASING AND RESIDENTIAL REAL ESTATE MORTGAGE FINANCING. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CONTRIBUTIONS OF NET ASSETS FROM PARTNERSHIP FROM HOME OWNERSHIP, INC. 76,100. TOTAL TO FORM 990, PART XI, LINE 5: 76,100. 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 1 0 0 1 1 1 0 0 0 REAL ESTATE ADMINISTRATIVE SERVICES INC N 23633 REAL ESTATE ADMINISTRATIVE SERVICES INC J 50322 ILLINOIS ASSOCIATION OF REALTORS O 43043 ILLINOIS ASSOCIATION OF REALTORS N 57572 ILLINOIS ASSOCIATION OF REALTORS J 14054