Corenet Global Inc

Organization Overview

Corenet Global Inc is located in Frankfort, IL. The organization was established in 2014. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Corenet Global Inc 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 03/2022, Corenet Global Inc generated $290.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $236.3k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EXCELLENCE IN LEADERSHIP, LEARNING, BEST PRACTICES, AND CAREER DEVELOPMENT TO CORPORATE REAL ESTATE PROFESSIONALS AND VALUE TO OUR RESPECTIVE ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CHAPTER FACILITATED AND SPONSORED A VARIETY OF DIVERSIFIED PROGRAMS THAT PROVIDED MEMBERS EDUCATIONAL AND NETWORK OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Constance Bowen
Secretary
$0
Neil Desai
Treasurer
$0
Kurt Karnatz
Chairman
$0
Chris Cole
Vice President
$0
Sheila Sipes
President
$0
Maggie Haggerty
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$24,838
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$24,838
Total Program Service Revenue$262,875
Investment income $26
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 $290,142

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