Realtors Land Institute
- Assets
- $2.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 36-3829465
Organization Overview
Realtors Land Institute is located in Chicago, IL. The organization was established in 1994. 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. As of 12/2021, Realtors Land Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtors Land Institute 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 12/2021, Realtors Land Institute generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $983.6k during the year ending 12/2021. While expenses have increased by 5.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. THE ORGANIZATION OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REALTORS LAND INSTITUTE IS DEDICATED TO CONTINUAL ENHANCEMENT OF ITS EDUCATIONAL INITIATIVES INCLUDING ITS LAND UNIVERSITY CURRICULUM AND NATIONAL LAND CONFERENCE, ALL OF WHICH FALL UNDER THE ORGANIZATION'S "LANDU" BANNER. THE ORGANIZATION DELIVERS PROFESSIONAL EDUCATION THROUGH AN 11-COURSE CORE CURRICULUM, ON TOPICS SUCH AS LAND 101, LAND INVESTMENT ANALYSIS, AND TAX IMPLICATIONS FOR REAL ESTATE. THESE EDUCATIONAL INITIATIVES ARE DESIGNED TO PROVIDE BEST IN CLASS PROFESSIONAL EDUCATION FOR LAND SPECIALISTS. IN 2021, THE CONFERENCE WAS HELD VIRTUALLY BUT NO OTHER MAJOR CHANGES WERE MADE TO CURRICULUM.
THE REALTORS LAND INSTITUTE UTILIZES ELECTRONIC TECHNOLOGY TO IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCIES, AND EXPAND ITS REACH. THROUGH ITS WEBSITE, THE ORGANIZATION OFFERS ITS MEMBERS INDIVIDUAL MEMBER PROFILES WHICH HIGHLIGHT THEIR EXPERTISE AND EXPERIENCE. IN ADDITION, RLI PRODUCES A WEB SEMINAR SERIES, WHICH ALLOWS BOTH MEMBERS AND NON-MEMBERS TO ACCESS CURRENT INFORMATION ONLINE. THE ASSOCIATION ALSO HAS AN ORGANIZATIONAL PRESENCE THROUGH A VARIETY OF SOCIAL MEDIA PLATFORMS.
THE REALTORS LAND INSTITUTE IS DEDICATED TO UPGRADES TO ITS COMMUNICATION INITIATIVES, AS EFFECTIVE COMMUNICATION MUST BE AT THE CORE OF ANY MEMBERSHIP ASSOCIATION. ONE SUCH ENHANCEMENT HAS BEEN THROUGH THE GROWTH AND ENHANCEMENT OF THE ORGANIZATION'S ELECTRONIC AND PRINTED NEWSLETTERS WHICH OFFER EXPANDED COVERAGE OF LAND ISSUES, INCLUDING LEGISLATIVE AND RELATED TOPICS.
AS A 501C6 ORGANIZATION, PROGRAM EXPENSES ARE NOT REQUIRED TO BE ALLOCATED ON THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aubrie Kobernus Chief Exec.o | Officer | 37.5 | $174,230 |
Dean Saunders President-El | OfficerTrustee | 1.25 | $0 |
Luke Worrell Vice-Pres/tr | OfficerTrustee | 2 | $0 |
Randy Hertz Nar Executiv | OfficerTrustee | 1.25 | $0 |
Renee Harvey President | OfficerTrustee | 2 | $0 |
Drew Ary At Large Dir | Trustee | 0.75 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,418,590 |
| Investment income | $17,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,218 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,189 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,491,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $174,230 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,809 |
| Pension plan accruals and contributions | $31,265 |
| Other employee benefits | $85,712 |
| Payroll taxes | $35,172 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,241 |
| Fees for services: Accounting | $24,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,445 |
| Fees for services: Other | $94,584 |
| Advertising and promotion | $21,986 |
| Office expenses | $73,691 |
| Information technology | $37,725 |
| Royalties | $0 |
| Occupancy | $37,523 |
| Travel | $47,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,029 |
| Insurance | $0 |
| All other expenses | $187 |
| Total functional expenses | $983,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,981 |
| Savings and temporary cash investments | $706,759 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,857 |
| Net Land, buildings, and equipment | $91,584 |
| Investments—publicly traded securities | $894,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,637,766 |
| Accounts payable and accrued expenses | $30,105 |
| Grants payable | $0 |
| Deferred revenue | $695,977 |
| 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 | $0 |
| Total liabilities | $726,082 |
| Net assets without donor restrictions | $1,911,684 |
| 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 | $2,637,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Real Estate Management Of The Natl Assn Of Realtors Chicago, IL | $10,741,868 | $14,078,057 |
Illinois Assn Of Realtors Springfield, IL | $43,746,253 | $17,014,133 |
Center For Specialized Realtor Education Inc Chicago, IL | $26,431,436 | $9,121,401 |
Swedish American Realty Corporation Rockford, IL | $18,485,524 | $7,044,065 |
Sdco Sfs Logistics Center Inc Chicago, IL | $145,459,378 | $6,525,972 |
Ipers 510 Marquette Inc Chicago, IL | $54,685,062 | $6,518,064 |
Ipers Creekside Inc Chicago, IL | $129,458,514 | $6,603,466 |
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Ipers Villas On Guadalupe-Tx Inc Chicago, IL | $47,058,177 | $4,863,492 |
Oakland 14th Office Inc Chicago, IL | $72,846,084 | $5,287,147 |
Highlands 501c 25 Inc Chicago, IL | $44,455,397 | $4,360,723 |
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