Real Estate Educators Association
- Assets
- $170.4k
- Revenue
- $243.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 07/1981
- Data as of
- 12/2022
- EIN
- 81-0397547
Organization Overview
Real Estate Educators Association is located in Tucson, AZ. The organization was established in 1981. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real Estate Educators Association 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 12/2022, Real Estate Educators Association generated $243.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $262.4k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 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
TO PROVIDE RESOURCES AND OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT TO INDIVIDUALS AND ORGANIZATIONS INVOLVED IN REAL ESTATE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUCCESSFULLY HOSTED OUR ANNUAL REEA EDUCATION CONFERENCE WITH 22 PRESENTERS, 173 IN-PERSON-ATTENDANCE. WE ORGANIZED THE ANNUAL DREI DISTINGUISHED REAL ESTATE INSTRUCTOR SUMMIT HELD VIRTUALLY WITH 72 ATTENDEES, 5 TOTAL, 7-HOUR INSTRUCTOR DEVELOPMENT WORKSHOPS, 3 LIVE AND 2 VIRTUAL WITH A TOTAL OF 188 ATTENDEES IN ALL SESSIONS. WE HELD 1-2 DAY REEA GSL TRAIN-THE-TRAINER WORKSHOP WITH 16 ATTENDEES. WE PRESIDED OVER 12 REEALIVE INFORMATIONAL SESSIONS, 4 REEA LETS TALK ROUNDTABLE SESSIONS, FACEBOOK MEMBERS ONLY INFORMATION GROUP PAGE ON A DAILY BASIS, AND PRODUCED MEMBER NEWSLETTERS, UPDATES TO MEMBERS AND NON-MEMBERS WITH EMAIL BLASTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Barnabei Past Pres.until 7/1/22 | OfficerTrustee | 1 | $10,500 |
Brad Barker Pres. Elect 3/1/22-7/1/22/pres. From 7/1/22 | OfficerTrustee | 2 | $0 |
Robert Kutschbach Pres. Until 7/1/22/past Pres. From 7/1/22 | OfficerTrustee | 1 | $0 |
Jodi Sherretts Secr. From 7/1/22 | OfficerTrustee | 1 | $0 |
Greg Glosson Treasurer | OfficerTrustee | 1 | $0 |
Conrad Richards Director/pres. Elect From 7/1/22 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $243,271 |
| Investment income | $10 |
| 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 | $243,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $10,500 |
| 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 | $82,675 |
| Fees for services: Legal | $2,924 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $644 |
| Office expenses | $14,188 |
| Information technology | $3,967 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,017 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,100 |
| All other expenses | $0 |
| Total functional expenses | $262,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,963 |
| Savings and temporary cash investments | $95,411 |
| 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 | $170,374 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $170,374 |
| 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 | $170,374 |