Institute Of Real Estate Management Of The Natl Assn Of Realtors

Organization Overview

Institute Of Real Estate Management Of The Natl Assn Of Realtors is located in Scituate, MA. The organization was established in 1976. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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 12/2023, Institute Of Real Estate Management Of The Natl Assn Of Realtors generated $414.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $428.1k during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO FACILITATE THE DEVELOPMENT OF TECHNICAL AND EDUCATIONAL MATERIALS FOR THE FIELD OF REAL ESTATE MANAGEMENT AND ORGANIZE AND CONDUCT EDUCATIONAL OPPORTUNITIES FOR THE PROFESSION AND GENERAL PUBLIC UNDER THE DIRECTION AND SUPERVISION OF THE INSTITUTE OF REAL ESTATE MANAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS SEMINARS AND COURSES TO PROVIDE MEMBERS WITH UPDATED EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. DINNER MEETINGS FOR MEMBERS RELATED DIRECTLY TO THE ORGANIZATION'S EXEMPT PURPOSES OF PROVIDING MEMBERS EDUCATION IN THE FIELD OF REAL ESTATE MANAGEMENT. SERVICES OF THE OFFICERS AND VARIOUS OTHER MEMBERS ARE DONATED IN ORDER TO ACCOMPLISH THE ORGANIZATION'S EXEMPT FUNCTIONS AND TO ADMINISTER ITS EXEMPT ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Tony Susi
Treasurer
$0
Melissa Fish-Crane
Executive Councilor
$0
William Woodward
President
$0
Kristin Pine
Executive Councilor
$0
Christopher E Mellen
Executive Councilor
$12,950
John Parda
Executive Councilor
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,895
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$2,895
Total Program Service Revenue$361,269
Investment income $3,343
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $46,597
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $414,104

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