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Corenet Global INC

Not tax-deductible

Atlanta, GA501(c)(6)Community Development EIN 45-4707013Revenue $247K in FY2024Latest return filed Sep 25, 2024

On file with the IRSatlanta.corenetglobal.orgAtlanta, GATax-exempt since Aug 2014

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The atlanta chapter is a trade organization focused on education and provides a forum to discuss industry issues and develop solutions for corporate real estate professionals

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4707013) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 125 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $21K a year · 9% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
12.8 mo
of spending, in cash
12.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
0.9% of total assets
Liabilities are 0.9% of assets.
Pt X · Ln 26
Independent board members
300
of 300 voting members
300 of 300 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$247K
-18% vs prior year
Spent
$319K
To programs
0%
Net assets
$374K
By yearFY2021–FY2024
Revenue
$247K
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2021$134K
FY2022$203K
FY2023$300K
FY2024$247K
Expenses
$319K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$134K
FY2022$178K
FY2023$336K
FY2024$319K
Net assets
$374K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$457K
FY2022$482K
FY2023$446K
FY2024$374K

From the FY2024 Form 990 (year ending March 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Lynlee Garmon
Executive Di
$0Pt VII · Sec A
Steve Hart
President El
$0Pt VII · Sec A
Sara Liese
Vice Preside
$0Pt VII · Sec A
Corey Nalampoon
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Corenet Global INC executive salaries →

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 15aYes

Programs and updates

Educates corporate real estate professionals and fosters industry issue discussions.

Questions for Corenet Global INC

Tap to ask. Corenet Global INC sees how many people are interested.

Your first name shows with your question. Corenet Global INC answers here, for everyone.

1 program · in their own filed words · FY2023
01

Educational Events

Educational events are topical including a speaker or a panel of speakers.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4707013) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$247K
Ln 12
Fees for servicesLn 2g$247K
Investment incomeLn 3$93
Money outPt IX
$319K
Ln 25
Owns and owesPt X
$374K
net assets · Ln 32
Cash and savingsLn 1–2$339K
Total assetsLn 16$378K
LiabilitiesLn 26$4K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a300
IndependentVI 1b300
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$247K
Investment incomeLn 3$93
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$127K
SavingsLn 2$212K
Cash and savings togetherLn 1–2$339K
Accounts receivableLn 4$38K
Other assetsLn 15$217
Total assetsLn 16$378K
LiabilitiesLn 26$4K
Net assetsLn 32$374K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6125
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$284K$339K
Total assetsLn 16$452K$378K
LiabilitiesLn 26$6K$4K
Net assetsLn 32$446K$374K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$91K
Accounting feesLn 11c$4K
Other fees for servicesLn 11g$6K
Advertising and promotionLn 12$5K
Conferences, conventions and meetingsLn 19$28K
Other expenses (24a–d)Ln 24$173K
All other expensesLn 24e$12K
Total functional expensesLn 25$319K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 25, 2024 $247K$319K−$72K$374K 990 PDF
FY2023Filed with the IRS Jun 20, 2024 $300K$336K−$36K$446K 990 PDF
FY2022Filed with the IRS Feb 13, 2023 $203K$178K$25K$482K 990 PDF
FY2021Filed with the IRS Jan 7, 2022 $134K$134K$198$457K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $246,995 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $299,440$246,902
I-10 Investment incomePrior year $83$93
I-11 Other revenue$0
I-12 Total revenuePrior year $299,523$246,995
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $335,864$318,549
I-18 Total expensesPrior year $335,864$318,549
I-19 Revenue less expensesPrior year −$36,341−$71,554
Part VI · Governance 300 of 300 board members independent, 1 to look at
VI-1a Voting members of the governing body300
VI-1b Independent voting members300
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $246,995 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,946 · Excluded from tax $176,956$246,902
VIII-3 Investment incomeExcluded from tax $93$93
VIII-12 Total revenueRelated to mission $69,946 · Excluded from tax $177,049$246,995
Part IX · Statement of functional expenses $318,549 across 7 lines filed
IX-11a Management fees$90,520
IX-11c Accounting fees$4,360
IX-11g Other fees for services$6,273
IX-12 Advertising and promotion$4,638
IX-19 Conferences, conventions and meetings$28,354
IX-24 Other expenses (24a–d)$172,594
IX-24e All other expenses$11,810
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$318,549
Part X · Balance sheet $377,600 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $76,242$127,437
X-2 Savings and temporary cash investmentsStart of year $207,308$211,946
X-4 Accounts receivableStart of year $168,000$38,000
X-15 Other assetsStart of year $217$217
X-16 Total assetsStart of year $451,767$377,600
X-17 Accounts payable and accrued expensesStart of year $6,113$3,500
X-26 Total liabilitiesStart of year $6,113$3,500
X-27 Net assets without donor restrictionsStart of year $445,654$374,100
X-32 Total net assets or fund balancesStart of year $445,654$374,100
X-33 Total liabilities and net assetsStart of year $451,767$377,600
Part XI · Reconciliation of net assets $374,100 net assets at year end
XI-1 Total revenue$246,995
XI-2 Total expenses$318,549
XI-3 Revenue less expenses−$71,554
XI-4 Net assets at start of year$445,654
XI-10 Net assets at end of year$374,100

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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