Illinois Assn Of Realtors
- Assets
- $48.9m
- Revenue
- $16.7m
- Investments
- $26.2m
- Employees
- 68
- Location
- Springfield, IL
- Founding
- 10/1946
- Data as of
- 12/2023
- 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 12/2023, Illinois Assn Of Realtors employed 68 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 12/2023, Illinois Assn Of Realtors generated $16.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $14.8m during the year ending 12/2023. While expenses have increased by 2.9% 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Silver 2024 President/2023 President Elect | OfficerTrustee | 35 | $29,623 |
Michael Gobber 2024 Past President/2023 President Elect | OfficerTrustee | 19 | $45,248 |
Tommy Choi 2024 President Elect/2023 Treasurer | OfficerTrustee | 29 | $24,819 |
Ezekiel Morris 2023 Past President | Trustee | 19 | $15,476 |
Ayn Bartok Director | Trustee | 1 | $0 |
Matt Difanis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
O'keefereinhard & Paul Llc Advertising | 12/30/23 | $1,517,148 |
Blue Cross Blue Shield Of Il Insurance | 12/30/23 | $635,539 |
The Paladin Political Group Llc Consulting | 12/30/23 | $632,011 |
Access Marketing Services Llc Marketing | 12/30/23 | $521,903 |
Iar Plaza Inc Related Non-profit | 12/30/23 | $522,000 |
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 | $15,462,138 |
| Investment income | $784,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$67,315 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $231,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,702,315 |
| 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. | $1,721,336 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,168,881 |
| Pension plan accruals and contributions | $325,000 |
| Other employee benefits | $898,227 |
| Payroll taxes | $440,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $145,812 |
| Fees for services: Accounting | $33,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,527,648 |
| Advertising and promotion | $1,575,474 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $563,583 |
| Travel | $821,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $802,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,285 |
| Insurance | $76,550 |
| All other expenses | $210,534 |
| Total functional expenses | $14,831,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,764,033 |
| Savings and temporary cash investments | $272,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,163 |
| 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 | $411,150 |
| Net Land, buildings, and equipment | $604,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,184,760 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,489,577 |
| Total assets | $48,914,872 |
| Accounts payable and accrued expenses | $926,492 |
| Grants payable | $0 |
| Deferred revenue | $8,374,884 |
| 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 | $9,301,376 |
| Net assets without donor restrictions | $39,613,496 |
| 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 | $48,914,872 |