The Chicago Association Of Realtors Inc
- Assets
- $8.2m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Chicago, IL
- Founding
- 08/1935
- Data as of
- 09/2023
- EIN
- 36-0904580
Organization Overview
The Chicago Association Of Realtors Inc is located in Chicago, IL. The organization was established in 1935. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Chicago Association Of Realtors Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Association Of Realtors Inc 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 09/2023, Chicago Association Of Realtors Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $9.4m during the year ending 09/2023. While expenses have increased by 5.8% per year over the past 8 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.
Since 2015, Chicago Association Of Realtors Inc has awarded 47 individual grants totaling $1,127,086. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THE REAL ESTATE INDUSTRY IN CHICAGO THROUGH EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER EVENTS: UNITE THOSE ENGAGED IN THE REAL ESTATE BUSINESS; ORGANIZED TO PROMOTE AND PROTECT THE INTERESTS OF MEMBERS AND OTHER PERSONS ENGAGED IN REAL ESTATE TRANSACTIONS AND PROPERTY MANAGEMENT.
MEMBER SERVICES: RESEARCH PROGRAMS, WHICH COMPILE RELIABLE DATA CONCERNING REAL ESTATE, ITS TRENDS, AND MARKET CONDITIONS.
MEMBER DEVELOPMENT: PROVIDE REAL ESTATE EDUCATIONAL FACILITIES FOR MEMBERS AND, WHEN PRACTICAL, FOR NON-MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President-Elect | OfficerTrustee | 2 | $6,000 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $1,500 |
Name Not Listed President | OfficerTrustee | 3 | $7,500 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Immediate Past President | Trustee | 1 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sikich Llp Information Technology Services | 9/29/22 | $100,937 |
Access Marketing Services Llc Direct Marketing Services | 9/29/22 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,670 |
| Total Program Service Revenue | $7,774,263 |
| Investment income | $164,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $99,274 |
| Net Rental Income | $18,600 |
| Net Gain/Loss on Asset Sales | $241,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,291 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,436,812 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,298,393 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,066,051 |
| Pension plan accruals and contributions | $117,464 |
| Other employee benefits | $258,166 |
| Payroll taxes | $299,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,730 |
| Fees for services: Accounting | $67,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,950 |
| Fees for services: Other | $279,562 |
| Advertising and promotion | $232,789 |
| Office expenses | $678,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $523,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $479,345 |
| Insurance | $52,686 |
| All other expenses | $49,801 |
| Total functional expenses | $9,417,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,050,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,541 |
| Prepaid expenses and deferred charges | $226,667 |
| Net Land, buildings, and equipment | $1,877,687 |
| Investments—publicly traded securities | $2,418,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,478,194 |
| Total assets | $8,179,424 |
| Accounts payable and accrued expenses | $866,747 |
| Grants payable | $0 |
| Deferred revenue | $2,895,202 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,607,201 |
| Total liabilities | $5,369,150 |
| Net assets without donor restrictions | $2,810,274 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,179,424 |
Grants Awarded
Over the last fiscal year, The Chicago Association Of Realtors Inc has awarded $79,850 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS REALTORS PURPOSE: Sponsor Annual Inaugural | $12,500 |
DEARBORN REAL ESTATE BOARD PURPOSE: Annual support of various program offerings | $8,000 |
CHICAGO VIDEO PROJECT PURPOSE: Sponsor one episode of "Shame of Chicago" TV Series | $25,000 |
WOMEN'S COUNCIL OF REALTORS PURPOSE: Support of various programs | $5,500 |
REALTORS POLITICAL ACTION COMMITTEE OF ILLINOIS PURPOSE: Corporate Contribution for advancement of Relator interests at State & National levels | $10,000 |
CHICAGO ASSOCIATION OF REALTORS EDUCATIONAL FOUNDATION INC PURPOSE: Real Estate Education, help fighting homelessness, & other charitable endeavors | $18,850 |