Real Estate Business Institute
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Chicago, IL
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 36-4468856
Organization Overview
Real Estate Business Institute is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Real Estate Business Institute employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Business 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, Real Estate Business Institute generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.8% 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 REAL ESTATE BUSINESS INSTITUTE (REBI) EMPOWERS A DIVERSE COMMUNITY OF REAL ESTATE PROFESSIONALS WHO MANAGE CLIENTS, TEAMS AND FIRMS WITH THE KNOWLEDGE AND RESOURCES TO BUILD AND SUSTAIN PROFITABLE BUSINESSES AND MAXIMIZE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAMS & SUPPORT: THE REAL ESTATE BUSINESS INSTITUTE (REBI) CONFERS FOUR (4) PROFESSIONAL CREDENTIALS: CRB DESIGNATION (CERTIFIED REAL ESTATE BROKERAGE MANAGER) IS ONE OF THE OLDEST AND MOST RESPECTED DESIGNATIONS OFFERED IN REAL ESTATE BUSINESS MANAGEMENT; THE SRS DESIGNATION (SELLER REPRESENTATIVE SPECIALIST) IS THE PREMIER CREDENTIAL FOR REALTORS REPRESENTING SELLERS; THE C-RETS CERTIFICATION (CERTIFIED REAL ESTATE TEAM LEADER) IS THE PREMIER CREDENTIAL FOR TEAMS AND TEAM LEADERS; AND THE RENE CERTIFICATION (REAL ESTATE NEGOTIATION EXPERT) IS THE PREMIER CREDENTIAL FOR REAL ESTATE NEGOTIATION TRAINING. THE REBI COMMUNITY SPANS OVER 40,000 MEMBERS WORLDWIDE. THROUGH THE INSTITUTE'S LEADING-EDGE EDUCATION AND RESOURCES, MEMBERS ARE AMONG THE MOST EFFICIENT, EFFECTIVE AND PROFITABLE REAL ESTATE PROFESSIONALS IN THE COUNTRY. REBI PROVIDES PROGRAMS AND RESOURCES TO ITS MEMBERS TO ALLOW THEM TO LEVERAGE OPPORTUNITY AND IMPROVE PERFORMANCE. THESE PROGRAMS AND RESOURCES INCLUDE: *EDUCATION WITH AN EDGE *KNOWLEDGE CENTER *MARKETPLACE OF PRODUCTS AND SERVICES *WEBINARS *CHAPTERS *"THE SOURCE" - VIRTUAL COMMUNITY FOR CRB AND SRS DESIGNEES *MEMBERSHIP DIRECTORY AND RESOURCE CATALOG *REAL ESTATE BUSINESS DIGITAL MAGAZINE (BI-MONTHLY) *E-CONNECTIONS NEWSLETTER (MONTHLY) *TRADE SHOWS
EDUCATION: THE INSTITUTE'S CURRICULUM INTEGRATES REAL-WORLD STRATEGIES AND RESOURCES TO DELIVER THE KNOWLEDGE AND EXPERTISE TODAY'S REAL ESTATE PROFESSIONALS NEED TO CREATE OPPORTUNITIES TO EXCEL. THE INSTITUTE'S COURSES PROVIDE THE TRAINING AND EDUCATION ITS MEMBERS NEED TO BE BETTER POSITIONED TO DEVELOP AND STREAMLINE OPERATING PRACTICES, MARKET AND POSITION THEIR BUSINESSES, UNDERSTAND AND KEEP COSTS IN CHECK, AND REPRESENT AND ADVOCATE ON BEHALF OF THEIR CLIENTS. REBI'S EDUCATION STRUCTURE ALLOWS ITS MEMBERS TO CUSTOMIZE THEIR EDUCATIONAL EXPERIENCE THROUGH INSTRUCTOR-LED CLASSROOM COURSES, ONLINE COURSES, AND LIVE VIRTUAL COURSES. REBI ALSO OFFERS A COURSE LICENSING PROGRAM WHICH PROVIDES AN OPPORTUNITY FOR REALTOR ASSOCIATIONS, FRANCHISES, CHAPTERS, AND OTHER COMPANIES TO DELIVER CRB, SRS, C-RETS, AND/OR RENE EDUCATION AND GENERATE REVENUE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (ending 11/30/21) | Trustee | 1 | $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 | $2,407,384 |
| Investment income | $27,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $43,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,477,968 |
| 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. | $421,711 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,411 |
| Pension plan accruals and contributions | $64,975 |
| Other employee benefits | $131,550 |
| Payroll taxes | $46,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,266 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200,285 |
| Office expenses | $413,516 |
| Information technology | $209,736 |
| Royalties | $0 |
| Occupancy | $91,361 |
| Travel | $12,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,123 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,928 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,412,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,308 |
| Savings and temporary cash investments | $51,997 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,177 |
| 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 | $103,309 |
| Net Land, buildings, and equipment | $26,040 |
| Investments—publicly traded securities | $1,055,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,841,299 |
| Accounts payable and accrued expenses | $260,187 |
| Grants payable | $0 |
| Deferred revenue | $567,494 |
| 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 | $51,567 |
| Total liabilities | $879,248 |
| Net assets without donor restrictions | $962,051 |
| 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 | $1,841,299 |
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