Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
43 people listed on the 990; $310K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jonathan Salk | $200,000 | $195,000 | $190,000 | $184,885 | $184,885 |
| Jennifer Norbut | $109,746 | $100,414 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Connects independent commercial real estate firms worldwide to deliver superior client service.
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Membership
Promotes the exchange of information relating to industrial, retail and OFFICE/COMMERCIAL real estate amoung firms in the organization. Also promotes mutual cooperation in proper and sound service to owners and users of industrial, retail and OFFICE/COMMERCIAL real estate.
Communications
Operates as a national and international referral network for the purpose of enhancing the professionalism with which affiliated brokerage firms conduct business dealings in areas other than their primary territory.
Conferences
The organizations conferences foster knowledge, education, integrity and quality workmanship in the field of industrial, retail and OFFICE/COMMERCIAL real estate.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.2M |
| Land, buildings, equipmentLn 10c | $985 | $2K |
| Total assetsLn 16 | $1.2M | $1.3M |
| LiabilitiesLn 26 | $259K | $220K |
| Net assetsLn 32 | $956K | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $200K | |||
| Other salaries and wagesLn 7 | $135K | |||
| Other employee benefitsLn 9 | $41K | |||
| Payroll taxesLn 10 | $25K | |||
| Legal feesLn 11b | $360 | |||
| Accounting feesLn 11c | $14K | |||
| Investment management feesLn 11f | $570 | |||
| Other fees for servicesLn 11g | $288 | |||
| Office expensesLn 13 | $23K | |||
| Information technologyLn 14 | $19K | |||
| OccupancyLn 16 | $21K | |||
| TravelLn 17 | $2K | |||
| Conferences, conventions and meetingsLn 19 | $145K | |||
| Depreciation, depletion and amortizationLn 22 | $487 | |||
| InsuranceLn 23 | $10K | |||
| Other expenses (24a–d)Ln 24 | $275K | |||
| All other expensesLn 24e | $26K | |||
| Total functional expensesLn 25 | $937K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.0M | $937K | $94K | $1.1M | 990 PDF |
| FY2023 | $920K | $879K | $41K | $956K | 990 PDF |
| FY2022 | $822K | $819K | $3K | $911K | 990 PDF |
| FY2021 | $861K | $694K | $167K | $926K | 990 PDF |
| FY2020 | $716K | $688K | $28K | $759K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,031,742 revenue, 12 lines filed
Part VI · Governance 42 of 43 board members independent, 2 to look at
Part VIII · Statement of revenue $1,031,742 across 6 lines filed
Part IX · Statement of functional expenses $937,377 across 17 lines filed
Part X · Balance sheet $1,274,371 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,054,609 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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