The Counselors Of Real Estate

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 12/2021, Counselors Of Real Estate employed 9 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 12/2021, Counselors Of Real Estate generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COUNSELORS OF REAL ESTATE (CRE) WAS ESTABLISHED EXCLUSIVELY FOR REAL ESTATE 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 SPRING AND FALL CONVENTIONS OFFER EXTRAORDINARY EDUCATIONAL OPPORTUNITIES, KNOWLEDGE SHARING, AND PROFESSIONAL INTERACTION FEATURING EDUCATIONAL SESSIONS, ROUNDTABLE DISCUSSIONS, BUSINESS MEETINGS AND SPECIAL EVENTS INCLUDING REAL ESTATE DEVELOPMENT TOURS AND MULTIPLE COMMITTEE MEETINGS. THE FALL AND SPRING CONVENTIONS WERE HELD "VIRTUALLY" IN 2021 AS A RESULT OF THE COVID PANDEMIC.


THE COUNSELORS OF REAL ESTATE OFFERS MULTIPLE COMMUNICATIONS TO BENEFIT ITS MEMBERS AND THE REAL ESTATE COMMUNITY AT LARGE. "REAL ESTATE ISSUES" IS CRE'S PROFESSIONAL JOURNAL FEATURING INCISIVE, THOUGHT PROVOKING ARTICLES THAT ADDRESS CURRENT TRENDS IN REAL ESTATE AND RELATED FIELDS. ARTICLES ARE CIRCULATED FOLLOWING A THOROUGH VETTING PROCESS BY THE JOURNAL'S EDITORIAL BOARD. THE ASSOCIATION ALSO PRODUCES "THE COUNSELOR" NEWSLETTER WHICH SHOWCASES CRE ACTIVITIES AND MEMBER NEWS. THE ORGANIZATION PRESENTS MONTHLY WEBINARS ON CURRENT REAL ESTATE TOPICS AND HOSTS GROUPS, EACH FOCUSING ON A SPECIFIC REAL ESTATE SPECIALTY. THE ORGANIZATION ALSO DEVELOPS A FORMAL LIST OF "THE TOP TEN" ISSUES AFFECTING REAL ESTATE ON AN ANNUAL BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $179,200
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$179,200
Total Program Service Revenue$1,635,670
Investment income $58,792
Tax Exempt Bond Proceeds $0
Royalties $615
Net Rental Income $0
Net Gain/Loss on Asset Sales $105,124
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,075,770

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Counselors Of Real Estate has recieved totaling $35,000.

Awarding OrganizationAmount
The Counselors Of Real Estate Foundation

Chicago, IL

PURPOSE: Support Consulting Corps project

$35,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$15,000
Ending Balance$15,000

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