Realtor University

IRS exemption revoked

Chicago, ILHigher education institutionEIN 45-2102449

REALTOR University is the only institution of higher education focused exclusively on real estate and provides an unparalleled master's degree program to real estate professionals.

99¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$190K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$63K
Spent
$509K
To programs
99%
Net assets
$0

From the FY2020 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $506K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director, Academics
$90,560Pt VII · Sec A
Chairperson (thru 6.17.20)
$0Pt VII · Sec A
Director (thru 6.17.20)
$0Pt VII · Sec A
Treasurer (thru 6.17.20)
$0Pt VII · Sec A
Nar Treasurer (thru 6.17.20)
$0Pt VII · Sec A
President (thru 6.17.20)
$0Pt VII · Sec A
Director (thru 6.17.20)
$0Pt VII · Sec A
Director (thru 6.17.20)
$0Pt VII · Sec A
See Realtor University executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates real estate professionals with a master's degree.

Provided by the organization

This section is blank until Realtor University claims this page.

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1 program service account for $507K of program spending, described in the organization's own filed words · FY2020.
01

Realtor university (ru) began operating as a degree granting educational institution that offers and awards graduate degrees concentrating in real estate and real estate business. Ru allows students to expand their education in what they know best, real estate.

$507Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $133K · 2020–2020

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$63K
Ln 12
Fees for servicesLn 2g$61K
Other incomeLn 4–11$2K
Investment incomeLn 3$975
Money outPt IX
$509K
Ln 25
Programscol B$506K
Managementcol C$3K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$190K
LiabilitiesLn 26$190K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Fees for servicesLn 2g$61K
Investment incomeLn 3$975
Other incomeLn 4–11$2K
Gains on assetsLn 7−$1K
Total revenueLn 12$63K
Assets in detailPt X, end of year
CashLn 1$80K
SavingsLn 2$102K
Cash and savings togetherLn 1–2$182K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$190K
LiabilitiesLn 26$190K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 521
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$474K$182K
Land, buildings, equipmentLn 10c$2K$0
Total assetsLn 16$484K$190K
LiabilitiesLn 26$38K$190K
Net assetsLn 32$446K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$133K$133K
Grants to domestic individualsLn 2$41K$41K
Other salaries and wagesLn 7$209K$209K
Pension plan contributionsLn 8$4K$3K$950
Other employee benefitsLn 9$7K$5K$2K
Payroll taxesLn 10$2K$1K$400
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$222$222$0
Office expensesLn 13$13K$13K
Information technologyLn 14$22K$22K
TravelLn 17$724$724
Conferences, conventions and meetingsLn 19$16K$16K
Depreciation, depletion and amortizationLn 22$558$558
InsuranceLn 23$133$133
Other expenses (24a–d)Ln 24$60K$60K
All other expensesLn 24e$123$123$0$0
Total functional expensesLn 25$509K$506K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $63K$509K−$446K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $62,747 across 7 lines filed
VIII-1f All other contributions, gifts and grants$100
VIII-1h Total contributions, gifts and grants$100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,920$60,920
VIII-3 Investment incomeExcluded from tax $975$975
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,170−$1,170
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,922$1,922
VIII-12 Total revenueRelated to mission $62,842 · Unrelated business $0 · Excluded from tax −$195$62,747
Part IX · Statement of functional expenses $508,657 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $132,815$132,815
IX-2 Grants to domestic individualsPrograms $40,690$40,690
IX-7 Other salaries and wagesPrograms $208,992$208,992
IX-8 Pension plan contributionsPrograms $2,828 · Management $950$3,778
IX-9 Other employee benefitsPrograms $5,326 · Management $1,780$7,106
IX-10 Payroll taxesPrograms $1,219 · Management $400$1,619
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $222 · Management $0$222
IX-13 Office expensesPrograms $13,292$13,292
IX-14 Information technologyPrograms $22,473$22,473
IX-17 TravelPrograms $724$724
IX-19 Conferences, conventions and meetingsPrograms $15,718$15,718
IX-22 Depreciation, depletion and amortizationPrograms $558$558
IX-23 InsurancePrograms $133$133
IX-24 Other expenses (24a–d)Programs $60,414$60,414
IX-24e All other expensesPrograms $123 · Management $0 · Fundraising $0$123
IX-25 Total functional expensesPrograms $505,527 · Management $3,130 · Fundraising $0$508,657
Part X · Balance sheet $189,779 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $372,883$80,196
X-2 Savings and temporary cash investmentsStart of year $100,858$101,834
X-4 Accounts receivableStart of year $1,095$7,749
X-10c Land, buildings and equipment, netStart of year $1,728$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $483,735$189,779
X-17 Accounts payable and accrued expensesStart of year $37,825$189,779
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $37,825$189,779
X-27 Net assets without donor restrictionsStart of year $234,986$0
X-28 Net assets with donor restrictionsStart of year $210,924$0
X-32 Total net assets or fund balancesStart of year $445,910$0
X-33 Total liabilities and net assetsStart of year $483,735$189,779
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$62,747
XI-2 Total expenses$508,657
XI-3 Revenue less expenses−$445,910
XI-4 Net assets at start of year$445,910
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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