The Counselors Of Real Estate
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 09/1956
- Data as of
- 12/2022
- EIN
- 36-6140410
Organization Overview
The Counselors Of Real Estate is located in Chicago, IL. The organization was established in 1956. 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 12/2022, Counselors Of Real Estate employed 10 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Counselors Of Real Estate 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, Counselors Of Real Estate generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNSELORS OF REAL ESTATE (CRE) WAS ESTABLISHED EXCLUSIVELY FOR REAL ESTATE (SEE SCHEDULE O) ADVISORS WHO PROVIDE INTELLIGENT AND TRUSTED ADVICE FOR A CLIENT OR EMPLOYER. CRE SERVES AS AN INFORMATION RESOURCE FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNSELORS OF REAL ESTATE IS THE MEMBERSHIP ORGANIZATION ESTABLISHED EXCLUSIVELY FOR REAL ESTATE ADVISORS WHO PROVIDE INTELLIGENT, UNBIASED, AND TRUSTED ADVICE FOR A CLIENT OR EMPLOYER. THE ORGANIZATION BESTOWS THE PRESTIGIOUS CRE DESIGNATION ON THOSE INVITED TO MEMBERSHIP, PROVIDING ACCESS TO A HIGH-LEVEL PROFESSIONAL COMMUNITY THAT ELEVATES THEIR EXPERIENCE, WHILE EXPANDING THEIR PROFESSIONAL REACH.
THE FALL CONVENTION OFFERS EXTRAORDINARY EDUCATIONAL OPPORTUNITIES, KNOWLEDGE SHARING, AND PROFESSIONAL INTERACTION FEATURING EDUCATIONAL SESSIONS, ROUNDTABLE DISCUSSIONS, BUSINESS MEETINGS AND SPECIAL EVENTS INCLUDING REAL ESTATE DEVELOPMENT TOURS, MINI CRE CONSULTING CORPS ASSIGNMENTS, AND MEETINGS OF THE COUNSELORS' BOARD OF DIRECTORS, FINANCE AND EXECUTIVE COMMITTEES.
THE COUNSELORS OF REAL ESTATE OFFERS MULTIPLE COMMUNICATIONS TO BENEFIT ITS MEMBERS AND THE REAL ESTATE COMMUNITY AT LARGE. THE "REAL ESTATE ISSUES" PUBLICATION IS CRE'S PROFESSIONAL JOURNAL FEATURING INCISIVE, DYNAMIC ARTICLES THAT RESPOND TO CURRENT TRENDS IN THE REAL ESTATE INDUSTRY. THE JOURNAL IS PRINTED THREE TIMES A YEAR. THE ASSOCIATION ALSO PRODUCES "THE COUNSELOR" NEWSLETTER WHICH SHOWCASES CRE ACTIVITIES AND INDUSTRY EVENTS, ALONG WITH AN ANNUAL MEMBERSHIP DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Pj Mccarthy Chair Of The Board | OfficerTrustee | 0.5 | $0 |
Anthony Dellapelle First Vice Chair | OfficerTrustee | 0.5 | $0 |
John J Hentschel Second Vice Chair | OfficerTrustee | 0.5 | $0 |
Michel Couillard Past Chair Of The Board | Trustee | 0.5 | $0 |
Julie L Melander Past Chair Of The Board | Trustee | 0.5 | $0 |
Scott R Muldavin Past Chair Of The Board | Trustee | 0.5 | $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 | $1,886,800 |
| Investment income | $50,821 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $629 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$17,510 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,127,528 |
| 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. | $335,657 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $851,585 |
| Pension plan accruals and contributions | $93,033 |
| Other employee benefits | $134,176 |
| Payroll taxes | $69,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,442 |
| Fees for services: Accounting | $59,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,507 |
| Fees for services: Other | $0 |
| Advertising and promotion | $122,205 |
| Office expenses | $118,638 |
| Information technology | $90,706 |
| Royalties | $0 |
| Occupancy | $178,374 |
| Travel | $53,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $271,715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,032 |
| Insurance | $1,338 |
| All other expenses | $242 |
| Total functional expenses | $2,486,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,903 |
| Savings and temporary cash investments | $97,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,689 |
| 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 | $15,571 |
| Net Land, buildings, and equipment | $75,724 |
| Investments—publicly traded securities | $2,011,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,655,381 |
| Accounts payable and accrued expenses | $395,668 |
| Grants payable | $0 |
| Deferred revenue | $594,357 |
| 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 | $72,209 |
| Total liabilities | $1,062,234 |
| Net assets without donor restrictions | $1,593,147 |
| 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 | $2,655,381 |