Center For Specialized Realtor Education Inc
- Assets
- $25.9m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Chicago, IL
- Founding
- 03/1998
- Data as of
- 12/2022
- EIN
- 36-4173556
Organization Overview
Center For Specialized Realtor Education Inc is located in Chicago, IL. The organization was established in 1998. 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 12/2022, Center For Specialized Realtor Education Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Specialized Realtor Education 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 12/2022, Center For Specialized Realtor Education Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.8m during the year ending 12/2022. While expenses have increased by 2.5% 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 2014, Center For Specialized Realtor Education Inc has awarded 22 individual grants totaling $5,898,814. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON INTEREST OF ITS MEMBERS BY CREATING AND PRESENTING EDUCATIONAL PROGRAMS AND ENCOURAGING HIGH STANDARDS ON THE CREATION AND AWARDING OF DESIGNATIONS, CERTIFICATIONS AND DEGREES IN REAL ESTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACCREDITED BUYER'S REPRESENTATIVE (ABR) DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF HOMEBUYERS AND ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPDATES THAT HELP MEMBERS TO STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT HOMEBUYERS. IN ADDITION, MEMBERS RECEIVE MARKETING TOOLS (INCLUDING THE HOMEBUYERS TOOLKIT) TO ENHANCE SERVICES TO CLIENTS AND ACCESS TO MEMBERS ONLY RESOURCES AND PUBLICATIONS.
THE SENIOR REAL ESTATE SPECIALIST DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF OLDER-AMERICANS AND WITH ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPGRADES THAT HELP MEMBERS STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT OLDER-AMERICANS. ALSO, SEVERAL OTHER EDUCATIONAL ELECTIVE OPTIONS ARE OFFERED AS A PART OF THE ACCREDITED BUYER'S REPRESENTATIVE DESIGNATION PROGRAM. THESE INCLUDE COURSES DESIGNED TO ENHANCE MEMBER TECHNICAL SKILLS, MANAGEMENT SKILLS AND REAL ESTATE SAVVY.
THE SHORT SALES AND FORECLOSURES CERTIFICATION PROGRAM EDUCATES MEMBERS ON HOW TO HELP SELLERS MANEUVER THE COMPLEXITIES OF SHORT SALES AS WELL AS HELP BUYERS PURSUE SHORT SALE AND FORECLOSURE OPPORTUNITIES BY PROVIDING PROPER TOOLS AND TRAINING THAT MEMBERS CAN USE TO BUILD THEIR BUSINESS FOR THE LONG-TERM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary / Treasurer | OfficerTrustee | 7.5 | $0 |
Name Not Listed Board Member (thru 12/1/2022) | Trustee | 1 | $0 |
Name Not Listed Board Member (beg 12/1/2022) | Trustee | 1 | $0 |
Name Not Listed Vice President And Executive Director | Officer | 37.5 | $276,366 |
Name Not Listed Director Of Business And Instructor Development | 37.5 | $157,947 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yourmembership Information Technology Services | 12/30/22 | $321,043 |
The Ce Shop Inc Technology Services | 12/30/22 | $450,218 |
Envision3 Llc Printing Services | 12/30/22 | $264,153 |
Omega Printing Inc Printing Services | 12/30/22 | $184,975 |
Learning Library Inc Education Management And Services | 12/30/22 | $165,724 |
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 | $8,746,558 |
| Investment income | $448,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$667,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,600,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $327,474 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,356,803 |
| Pension plan accruals and contributions | $199,869 |
| Other employee benefits | $370,447 |
| Payroll taxes | $167,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $27,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $61,301 |
| Fees for services: Other | $603,487 |
| Advertising and promotion | $839,154 |
| Office expenses | $636,211 |
| Information technology | $751,568 |
| Royalties | $0 |
| Occupancy | $187,393 |
| Travel | $113,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $590,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,091 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,816,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,759,499 |
| Savings and temporary cash investments | $5,403,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,850 |
| 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 | $182,250 |
| Net Land, buildings, and equipment | $4,739 |
| Investments—publicly traded securities | $12,495,020 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,025,417 |
| Other assets | $0 |
| Total assets | $25,910,426 |
| Accounts payable and accrued expenses | $1,249,468 |
| Grants payable | $0 |
| Deferred revenue | $2,179,031 |
| 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 | $3,428,499 |
| Net assets without donor restrictions | $22,481,927 |
| 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 | $25,910,426 |
Grants Awarded
Over the last fiscal year, Center For Specialized Realtor Education Inc has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASSOCIATION OF REALTORS PURPOSE: CORPORATE ALLY PROGRAM - ISSUES ADVOCACY CAMPAIGNS | $50,000 |
REALTORS RELIEF FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION FOR DISASTER RELIEF | $50,000 |