Institute Of Real Estate Management Of The Natl Assn Of Realtors
- Assets
- $362.3k
- Revenue
- $250.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1976
- Data as of
- 12/2021
- EIN
- 47-1691592
Organization Overview
Institute Of Real Estate Management Of The Natl Assn Of Realtors is located in Indianapolis, IN. The organization was established in 1976. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Institute Of Real Estate Management Of The Natl Assn Of Realtors 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, Institute Of Real Estate Management Of The Natl Assn Of Realtors generated $250.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $194.4k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 6 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 INDIANAPOLIS IREM CHAPTER 24 WILL ENCOURAGE THE ADVANCEMENT OF CREDENTIALING AND EDUCATIONAL OPPORTUNITIES, WHILE CREATING A MEANINGFUL MEMBERSHIP EXPERIENCE WITH A FOCUS ON ETHICS, COMMUNITY OUTREACH AND PROFESSIONAL EXCELLENCE. THIS IS ACCOMPLISHED BY OFFERING EDUCATIONAL CLASSES VIA ONLINE OR IN THE CLASSROOM ALLOWING MEMBERS TO ATTAIN DESIRED DESIGNATIONS AND/OR BENEFIT MEMBERS BY ASSISTING THEM IN PERFORMING THEIR JOBS TO A LEVEL OF PROFESSIONALISM. THE INDIANAPOLIS IREM CHAPTER 24'S THREE MAIN PROGRAMS INCLUDE... THE ANNUAL IREM INDY SALLY LENTZ-CROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AT THE IREM INDY CHAPTER LEVEL. THE IREM INDY ANNUAL STUDENT OUTREACH PROGRAM - TAKE OUR FUTURE TO LUNCH. THIS SCHOLARSHIP PROGRAM INCLUDES A CASH REWARD AND A STUDENT MEMBERSHIP TO THREE STUDENTS, ONE EACH FROM THE INDIANA UNIVERSITY AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL IREM INDY SALLY LENTZ-CROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AT THE IREM INDY CHAPTER LEVEL.
IREM INDY ANNUAL STUDENT OUTREACH PROGRAM - TAKE OUR FUTURE TO LUNCH. THE SCHOLARSHIP PROGRAM INCLUDES A CASH REWARD AND A STUDENT MEMBERSHIP TO THREE STUDENTS, ONE EACH FROM THE INDIANA UNIVERSITY AND BALL STATE UNIVERSITY REAL ESTATE PROGRAMS AND THE IUPUI PROGRAM. ADDITIONAL STUDENT MEMBERSHIPS ARE AWARDED TO STUDENTS IN ATTENDANCE FROM OTHER POST-SECONDARY INSTITUTIONS. ITS PURPOSE IS TO SUPPORT FUTURE POTENTIAL LEADERS IN THE PROFESSION.
SEMI-ANNUAL IREM INDY MEMBER EDUCATION SCHOLARSHIPS PROVIDES AN ALLOWANCE TO A DESERVING MEMBER TO ATTEND ANY IREM CERTIFICATION EDUCATION COURSE OF THEIR CHOOSING AND LOCATION. ITS PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AND DESIGNATION ATTAINMENT AT THE IREM INDY CHAPTER LEVEL.
IREM INDIANAPOLIS CHAPTER 24 SPONSORS TWO COMMUNITY CARING EVENTS DESIGNED TO FOSTER MEMBER PARTICIPATION, LEADERSHIP TRAINING, AND CAMARADERIE WHILE GIVING BACK TO CENTRAL INDIANA. HEROS FOR THE HOUSE IS A 5K RUN.WALK.BIKE EVENT BENEFITING THE RONALD MCDONALD HOUSE OF INDIANA. IT IS A TOTAL NET EVENT WITH ALL PROCEEDS GOING TO THE RONALD MCDONALD HOUSE OF INDIANA. WE ARE IN OUR 9TH YEAR OF SPONSORING THE RUN WITH ALL MEMBER VOLUNTEERS AS THE COMMITTEE. IREM INDIANAPOLIS CHAPTER 24 HAS CONTRIBUTED OVER 114,000 TO RMH WITH THE HELP OF SPONSORS AND PARTICIPANTS IN THE EVENT. RACE DAY INCLUDES OVER 75 MEMBER VOLUNTEERS TO ASSIST IN THE SMOOTH OPERATION AND RUNNING OF AN EVENT THAT BOASTS OVER 600 PARTICIPANTS. THE IREM INDIANAPOLIS CHAPTER 24 GOLF OUTING IS IN ITS 19TH YEAR AND BENEFITS IREM INDY AND THE CHILDREN'S DYSLEXIC LEARNING CENTER OF INDIANA. WE HAVE PAIRED WITH THIS ORGANIZATION SINCE THE OUTING'S INCEPTION AND CONTINUE TO SUPPORT THE LEARNING CENTER WITH A DONATION EVERY YEAR. WE HAVE CONTRIBUTED OVER 100,000 TO THIS ORGANIZATION THAT HELPS TUTOR KIDS AND TEACH INSTRUCTORS FOR STUDENTS BATTLING DYSLEXIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Kimmerling CPA Treasurer | Officer | 2 | $0 |
Lacy Showers Past Preside | Officer | 2 | $0 |
Kris Moore Co-Treasurer | Officer | 2 | $0 |
Whitney Rump President-El | Officer | 2 | $0 |
Viki Hamblen Vice Preside | Officer | 2 | $0 |
Katie Ciechanowicz Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,449 |
| 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 | $44,449 |
| Total Program Service Revenue | $172,221 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $33,663 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,079 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $61,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,325 |
| Office expenses | $4,046 |
| Information technology | $3,516 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,361 |
| Total functional expenses | $194,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,185 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,165 |
| 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 | $1,975 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $362,325 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $113,731 |
| Total liabilities | $113,731 |
| Net assets without donor restrictions | $248,594 |
| 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 | $362,325 |
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