Illinois Real Estate Educational Foundation

Organization Overview

Illinois Real Estate Educational Foundation is located in Springfield, IL. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Real Estate Educational Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Illinois Real Estate Educational Foundation generated $113.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $76.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE CONTINUING EDUCATION AND TRAINING TO REAL ESTATE PROFESSIONALS AND GRANT SCHOLARSHIPS TO STUDENTS INTERESTED IN PURSUING AN EDUCATION OR CAREER IN REAL ESTATE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE.


BROKER CONTINUING EDUCATION


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Board, Officers & Key Employees

Name (title)Compensation
Amy Barnes
Director
$0
Jenni Beck
Director
$0
Andrea Greenwalt
Director
$0
James Haisler
Director
$0
Kim Mccoy
Director
$0
Suzanne Miller
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $23,000
All other contributions, gifts, grants, and similar amounts not included above$123,061
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$146,061
Total Program Service Revenue$0
Investment income $52,797
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$94,135
Net Income from Fundraising Events $4,472
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $113,195

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