Institute Of Real Estate Management Of The Natl Assn Of Realtors
- Assets
- $477.9k
- Revenue
- $342.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Chandler, AZ
- Founding
- 08/1976
- Data as of
- 12/2023
- EIN
- 51-0203840
Organization Overview
Institute Of Real Estate Management Of The Natl Assn Of Realtors, operating under the name IREM Greater Phoenix Chapter No 47, is located in Chandler, AZ. 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. IREM Greater Phoenix Chapter No 47 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, IREM Greater Phoenix Chapter No 47 generated $342.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $287.2k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION TO MEMBERS OF THE REAL ESTATE INDUSTRY AND SCHOLARSHIPS TO THE MEMBERS AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IREM GREATER PHOENIX CHAPTER GAINED 49 NEW MEMBERS IN 2023 WHICH INCLUDED 7 CPMS, 1 ARM, 3 ACOMS, 20 CANDIDATES, 12 ASSOCIATES, AND 6 STUDENTS. WE HAVE 47 INDUSTRY PARTNERS THAT SUPPORT THE CHAPTER. WE HAD 16 TOTAL NETWORKING EVENTS WHICH INCLUDED 5 NETWORKING LUNCHEONS AND 3 SOCIAL EVENTS. OTHER EVENTS INCLUDE THE IREM CCIM NEXT PROTECTION ECONOMIC FORECAST, INDUSTRY PARTNER TRADESHOW, LUNCH LEARNS, ADVOCACY IMPACT DAY IN WASHINGTON D.C., LEADERSHIP SUMMIT IN CHICAGO, GLOBAL SUMMIT CONFERENCE IN CANADA, AND FEED MY STARVING CHILDREN WHERE WE PACKED 181 BOXES FEEDING 110 CHILDREN AROUND THE WORLD. THE CHAPTER RAISED 8000 FOR UMOM NEW DAY CENTERS AT OUR ANNUAL GOLF TOURNAMENT. THE IREM FOUNDATION AWARDED 24 IREM GREATER PHOENIX MEMBERS SCHOLARSHIPS AND OUR CHAPTER HOSTED TWO EDUCATION COURSES ASM TRACK - 3 STUDENTS AND CAPSTONE TRACK - 11 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Valerio President | OfficerTrustee | 5 | $0 |
Carrie Temple Vice President | OfficerTrustee | 5 | $0 |
Tyrel Williams Past President | OfficerTrustee | 2 | $0 |
Tom Coughlin Treasurer/secretary | OfficerTrustee | 5 | $0 |
Lauren Lacasse Director | OfficerTrustee | 2 | $0 |
Ann Boomsma Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,703 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,203 |
| Total Program Service Revenue | $302,941 |
| Investment income | $12,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,308 |
| Net Income from Gaming Activities | $1,384 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,000 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,526 |
| Advertising and promotion | $11,511 |
| Office expenses | $14,110 |
| Information technology | $3,195 |
| Royalties | $12,163 |
| Occupancy | $0 |
| Travel | $48,729 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,080 |
| All other expenses | $0 |
| Total functional expenses | $287,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,330 |
| Savings and temporary cash investments | $468,599 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $477,929 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $87,840 |
| 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 | $0 |
| Total liabilities | $87,840 |
| Net assets without donor restrictions | $390,089 |
| 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 | $477,929 |
Grants Awarded
Over the last fiscal year, Institute Of Real Estate Management Of The Natl Assn Of Realtors has awarded $13,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UMOM NEW DAY CENTER PURPOSE: For program operations | $8,000 |
OTHERS UNDER REPORTING THRESHOLD | | | $5,000 |