Institute Of Real Estate Management Of The Natl Assn Of Realtors
- Assets
- $123.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santaquin, UT
- Founding
- 08/1976
- Data as of
- 12/2023
- EIN
- 35-2496080
Organization Overview
Institute Of Real Estate Management Of The Natl Assn Of Realtors is located in Santaquin, UT. The organization was established in 1976. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Institute Of Real Estate Management Of The Natl Assn Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Institute Of Real Estate Management Of The Natl Assn Of Realtors generated $198.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $193.6k during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IREM WAS FOUNDED IN AN EFFORT TO EDUCATE REAL ESTATE MANAGERS AND DEFINE ETHICAL PRACTICES. PUBLISHED FIRST JOURNAL OF PROPERTY MANAGEMENT. CERTIFIED PROPERTY MANAGER DISIGNATION CREATED (MOST RECOGNIZED AND DISTINGUISHED DESIGNATION IN PROPERTY MANAGEMENT). DEVELOPED THREE MORE PROPERTY MANAGEMENT DESIGNATIONS AND FOUR NON CREDENTIALED MEMBERSHIP TYPES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle R Arbizu President Elect | 0 | $0 | |
Danny Davis Director | 0 | $0 | |
Madison S Haslam President | 2 | $0 | |
Ashley M Kimmel Executive Dir. | 20 | $0 | |
Rikki L Hemsley Treasurer | 0 | $0 | |
Benson Richardson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,669 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,577 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $71,750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $398 |
| Other expenses | $121,478 |
| Total expenses | $193,626 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,667 |
| Other assets | $0 |
| Total assets | $123,667 |
| Total liabilities | $18,598 |
| Net assets or fund balances | $105,069 |