Stanford Professionals In Real Estate Nc
- Assets
- $1.5m
- Revenue
- $855.4k
- Investments
- $481.4k
- Employees
- 4
- Location
- Los Altos, CA
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 37-1578711
Organization Overview
Stanford Professionals In Real Estate Nc is located in Los Altos, CA. The organization was established in 2009. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2022, Stanford Professionals In Real Estate NC employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanford Professionals In Real Estate NC is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Stanford Professionals In Real Estate NC generated $855.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $764.5k during the year ending 12/2022. While expenses have increased by 6.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SPIRE IS AN OFFICIAL ALUMNI CLUB OF STANFORD UNIVERSITY AND AN INDEPENDENT NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPIRE'S THREE PILLARS I. ALUMNI PROFESSIONAL NETWORKINGSPIRE PROVIDES A PLATFORM FOR STANFORD ALUMNI TO CONNECT WITH ONE ANOTHERTHROUGH INTERACTIONS IN A PROFESSIONAL AND SOCIAL SETTING ACROSS DISCIPLINES TO FOSTER RELATIONSHIPS AND STRATEGIC PARTNERSHIPS.II. STUDENT OUTREACHSPIRE CONNECTS CURRENT STUDENTS AND RECENT GRADUATES WITH STANFORD ALUMNI ENGAGED IN REAL ESTATE RELATED CAREERS, PROVIDING OPPORTUNITIES FOR MENTORSHIPS, INTERNSHIPS, AND CAREER SHADOW PROGRAMS.III. EDUCATIONAL PROGRAM DEVELOPMENTSPIRE IS ENGAGED WITH STANFORD UNIVERSITY FACULTY AND ADMINISTRATORS TO PROMOTE AND IMPLEMENT A MULTIDISCIPLINARY REAL ESTATE PROGRAM PRODUCING LEADING RESEARCH AND GRADUATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Jacobson Chairman | OfficerTrustee | 3 | $0 |
Hanns Lee President | OfficerTrustee | 4 | $0 |
Hana Hardy Gunther CFO | OfficerTrustee | 3 | $0 |
Loryn Arkow Secretary | OfficerTrustee | 3 | $0 |
Michael Armstrong Board Member | Trustee | 2 | $0 |
Gary Beasley Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $738,463 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $763,463 |
| Total Program Service Revenue | $84,485 |
| Investment income | $7,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,411 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,516 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation of current officers, directors, key employees. | $41,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,063 |
| Pension plan accruals and contributions | $10,183 |
| Other employee benefits | $40,506 |
| Payroll taxes | $33,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,217 |
| Fees for services: Accounting | $15,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,139 |
| Advertising and promotion | $0 |
| Office expenses | $16,037 |
| Information technology | $15,506 |
| Royalties | $0 |
| Occupancy | $7,026 |
| Travel | $3,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,909 |
| Interest | $469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,787 |
| All other expenses | $0 |
| Total functional expenses | $764,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,052,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216 |
| 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 | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $481,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,536,969 |
| Accounts payable and accrued expenses | $736 |
| Grants payable | $0 |
| Deferred revenue | $10,275 |
| 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 | $11,866 |
| Total liabilities | $22,877 |
| Net assets without donor restrictions | $1,514,092 |
| 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 | $1,536,969 |
Grants Awarded
Over the last fiscal year, Stanford Professionals In Real Estate Nc has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD FACULTY GRANT PURPOSE: DEREK OUYANG, CIVIL & ENVIRONMENTAL ENGINEERING | $12,000 |
STANFORD FACULTY GRANT PURPOSE: MICHAEL KAHAN, PROGRAM ON URBAN STUDIES | $10,000 |
STANFORD FACULTY GRANT PURPOSE: JOHN BARTON, ARCHITECTURAL DESIGN PROGRAM | $5,000 |
STANFORD FACULTY GRANT PURPOSE: DELAND CHAN, PROGRAM ON URBAN STUDIES | $1,500 |
STANFORD FACULTY GRANT PURPOSE: DEREK OUYANG, CIVIL & ENVIRONMENTAL ENGINEERING | $11,500 |
INTERNATIONAL SEAL LEVEL INSTITUTE PURPOSE: SPONSOR OF A PARTICIPANT TO BE CHOSEN BY THE STANFORD PROFESSIONALS IN REAL ESTATE, TO JOIN THE FACT-FINDING TRIP TO ICELAND / GREENLAND, SEPTEMBER 8-15, 2019. | $20,000 |