Corenet Global INC EIN 45-4944764 Form 990 (PDF) Claim this org

Corenet Global INC

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Empowers corporate real estate professionals with leadership, learning, and career development. For fiscal year 2025 it reported $370K in revenue, $371K in expenses, and $222K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Mokena, IL
Website
chicago.corenetglobal.org
Filings
5 on file (2021–2025)
Revenue
$370KFY2025
Expenses
$371K
Net assets
$222K
People
25
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-4944764 Business league / trade association Mokena, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers corporate real estate professionals with leadership, learning, and career development.
Leadership
Diana Pisone · President
Money in and out
$370K revenue, $371K expenses
Bottom line
-0.4% operating surplus
Membership & operating revenue · FY2025
Total revenue
$370K
Pt VIII · Ln 12
Total expenses
$371K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1K
Operating surplus
-0.4%
revenue over expenses▲ +97% vs prior filing year
Earned revenue
92%
of revenue from program services & dues▲ +0.9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$370K
FY2025▼ -5%
Expenses
$371K
FY2025▼ -17%
Total assets
$358K
FY2025▲ +5%
Total liabilities
$135K
FY2025▲ +16%
Total revenue
$370K
Pt VIII · Ln 12
Total expenses
$371K
Pt IX · Ln 25
Net assets
$222K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1K
Total assetsPt X · Ln 16$358K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 425

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCorenet Global INC
EINHdr · item D45-4944764
Principal addressHdr · item CMokena, IL
WebsiteHdr · item Jchicago.corenetglobal.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a25
Independent voting membersPt VI · Ln 1b25
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The chapter facilitated and sponsored a variety of diversified programs that provided members educational and network opportunities.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$338K · 92%
Contributions & grants$26K · 7%
Other revenue$5K · 1%
Program service revenue92%$338K
Contributions & grants7%$26K
Other revenue1%$5K
Investment income$13
Total revenueLn 12$370K

Balance Sheet

Part X · end of year
CashLn 1$329K
Total assetsLn 16$358K
Total liabilitiesLn 26$135K
Total net assetsLn 32$222K
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $329K · Operating expenses/yr $371K
10.7 months
Where the money goes
Program services
Program services — · Total expenses $371K
Management & General
Management & general — · Total expenses $371K
Fundraising
Fundraising — · Total expenses $371K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $370K
7%
Government reliance
Government grants — · Total revenue $370K
Earned-income share
Program service revenue $338K · Total revenue $370K
92%
Investment reliance
Investment income $13 · Total revenue $370K
<0.01%
Program self-sufficiency
Program service revenue $338K · Total expenses $371K
91%
Growth & trend
Revenue growth (YoY)
This year $370K · Prior year $390K
-5%
Revenue CAGR
FY2020 $242K · FY2024 $370K
+11%
Net-asset trend (YoY)
End of year $222K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $370K · Expenses $371K
-0.4%
Liabilities-to-Assets
Total liabilities — · Total assets $358K
Net-asset ratio
Net assets $222K · Total assets $358K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $358K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Diana Pisone · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $371K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $371K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth -5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $32K · 2022–2024
Build ChicagoIL · FY2024$6,322
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$10,000
Northwestern UniversityIL · FY2022$5,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$370K revenue · viewing · ⤓ 990 PDF
FY2024$390K revenue · ⤓ 990 PDF
FY2023$353K revenue · ⤓ 990 PDF
FY2022$290K revenue · ⤓ 990 PDF
FY2021$242K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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