Illinois Assn Of Realtors
- Assets
- $43.7m
- Revenue
- $17.0m
- Investments
- $23.6m
- Employees
- 71
- Location
- Springfield, IL
- Founding
- 10/1946
- Data as of
- 12/2021
- EIN
- 37-0644545
Organization Overview
Illinois Assn Of Realtors is located in Springfield, IL. The organization was established in 1946. 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. As of 12/2021, Illinois Assn Of Realtors employed 71 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Illinois 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, Illinois Assn Of Realtors generated $17.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. While expenses have increased by 0.5% 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
TO ESTABLISH AND MAINTAIN ETHICAL CODES AMONG REALTORS, AND TO PROMOTE AND FOSTER EDUCATIONAL PROGRAMS TO AID MEMBERS AND PROTECT PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VARIETY OF EDUCATIONAL PROGRAMS FOR MEMBERS TO AID AND IMPROVE THE PROFESSION.
PROVIDE EDUCATION AND IMPROVEMENTS WITH REGARD TO THE ILLINOIS LICENSURE STATUTES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Clayton Retired/contract - Former CEO | Officer | 40 | $1,230,984 |
Jeffrey Baker CEO | Officer | 40 | $436,814 |
Leonard Taylor Retired - Former VP | Officer | 40 | $379,284 |
Greg St Aubin Vice President | Officer | 40 | $254,527 |
Kristen Butcher Executive Vice President | Officer | 40 | $248,715 |
Susan Miller 2022 Past President/2021 President | OfficerTrustee | 19 | $39,067 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Cross Blue Shield Of Il Insurance | 12/30/21 | $611,937 |
Iar Plaza Inc Related Non-profit | 12/30/21 | $522,000 |
The Paladin Political Group Llc Consulting | 12/30/21 | $451,584 |
Real Strategies Llc Consulting | 12/30/21 | $112,500 |
Illinois National Bank Financial Services | 12/30/21 | $192,708 |
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 | $405,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,544 |
| Total Program Service Revenue | $14,890,527 |
| Investment income | $588,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $629,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $365,363 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,014,133 |
| 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. | $2,835,737 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,701,604 |
| Pension plan accruals and contributions | $290,000 |
| Other employee benefits | $823,294 |
| Payroll taxes | $434,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,517 |
| Fees for services: Accounting | $29,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $868,446 |
| Advertising and promotion | $47,121 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $522,000 |
| Travel | $363,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $441,419 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $152,826 |
| Insurance | $71,122 |
| All other expenses | $238,754 |
| Total functional expenses | $12,185,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,668,675 |
| Savings and temporary cash investments | $859,341 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $243,950 |
| 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 | $415,165 |
| Net Land, buildings, and equipment | $420,539 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,639,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,499,274 |
| Total assets | $43,746,253 |
| Accounts payable and accrued expenses | $835,056 |
| Grants payable | $0 |
| Deferred revenue | $8,407,925 |
| 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 | $9,242,981 |
| Net assets without donor restrictions | $34,503,272 |
| 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 | $43,746,253 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Assn Of Realtors has recieved totaling $243,296.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: General Support | $243,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Real Estate Management Of The Natl Assn Of Realtors Chicago, IL | $10,741,868 | $14,078,057 |
Illinois Assn Of Realtors Springfield, IL | $43,746,253 | $17,014,133 |
Center For Specialized Realtor Education Inc Chicago, IL | $26,431,436 | $9,121,401 |
Swedish American Realty Corporation Rockford, IL | $18,485,524 | $7,044,065 |
Sdco Sfs Logistics Center Inc Chicago, IL | $145,459,378 | $6,525,972 |
Ipers 510 Marquette Inc Chicago, IL | $54,685,062 | $6,518,064 |
Ipers Creekside Inc Chicago, IL | $129,458,514 | $6,603,466 |
Savelli Properties Inc St Louis, MO | $35,804,880 | $2,705,555 |
Ipers Villas On Guadalupe-Tx Inc Chicago, IL | $47,058,177 | $4,863,492 |
Oakland 14th Office Inc Chicago, IL | $72,846,084 | $5,287,147 |
Highlands 501c 25 Inc Chicago, IL | $44,455,397 | $4,360,723 |
Sdc Clifton Commons Inc Chicago, IL | $61,522,059 | $4,418,653 |