To provide excellence in leadership, learning, best practices, and career development to corporate real estate professionals and value to our respective organizations.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 27 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$135K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$370K
-5% vs prior year
Spent
$371K
Net assets
$222K
By yearFY2021–FY2025
Revenue
$370K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2021$242K
FY2022$290K
FY2023$353K
FY2024$390K
FY2025$370K
Expenses
$371K
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$198K
FY2022$236K
FY2023$430K
FY2024$445K
FY2025$371K
Net assets
$222K
FY2025▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2021$301K
FY2022$355K
FY2023$279K
FY2024$224K
FY2025$222K

From the FY2025 Form 990 (year ending March 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Who runs it and what they're paid

25 people listed on the 990.

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
See Corenet Global INC 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

Empowers corporate real estate professionals with leadership, learning, and career development.

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Provided by the organization

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1 program · in their 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

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 · 5 grants · $32K · 2022–2024
Build ChicagoIL · FY2024$6,322
Unitemized GrantFY2024$5,000
Unitemized GrantFY2023$10,000
Northwestern UniversityIL · FY2022$5,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$370K
Ln 12
Fees for servicesLn 2g$338K
Gifts and grantsLn 1h$26K
Other incomeLn 4–11$5K
Money outPt IX
$371K
Ln 25
Owns and owesPt X
$222K
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$358K
LiabilitiesLn 26$135K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Fees for servicesLn 2g$338K
Investment incomeLn 3$13
Other incomeLn 4–11$5K
Total revenueLn 12$370K
Assets in detailPt X, end of year
CashLn 1$196K
SavingsLn 2$133K
Cash and savings togetherLn 1–2$329K
Other assetsLn 15$2K
Total assetsLn 16$358K
LiabilitiesLn 26$135K
Net assetsLn 32$222K
OperationsPt I, VI
EmployeesI 50
VolunteersI 627
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 FY25End FY25
Cash and savingsLn 1–2$324K$329K
Total assetsLn 16$340K$358K
LiabilitiesLn 26$117K$135K
Net assetsLn 32$224K$222K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$7K
Grants to domestic individualsLn 2$5K
Management feesLn 11a$67K
Other fees for servicesLn 11g$7K
Office expensesLn 13$20K
Information technologyLn 14$11K
OccupancyLn 16$24K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$162K
Other expenses (24a–d)Ln 24$64K
All other expensesLn 24e$3K
Total functional expensesLn 25$371K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $370K$371K−$1K$222K 990 PDF
FY2024 $390K$445K−$55K$224K 990 PDF
FY2023 $353K$430K−$76K$279K 990 PDF
FY2022 $290K$236K$54K$355K 990 PDF
FY2021 $242K$198K$44K$301K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $369,514 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,725$26,075
I-9 Program service revenuePrior year $353,996$338,431
I-10 Investment incomePrior year $15$13
I-11 Other revenuePrior year $5,429$4,995
I-12 Total revenuePrior year $390,165$369,514
I-13 Grants and similar amounts paidPrior year $17,389$11,799
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $427,851$359,087
I-18 Total expensesPrior year $445,240$370,886
I-19 Revenue less expensesPrior year −$55,075−$1,372
Part VI · Governance 25 of 25 board members independent, 2 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $369,514 across 6 lines filed
VIII-1b Membership dues$26,075
VIII-1h Total contributions, gifts and grants$26,075
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $338,431$338,431
VIII-3 Investment incomeExcluded from tax $13$13
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,995$4,995
VIII-12 Total revenueRelated to mission $343,426 · Unrelated business $0 · Excluded from tax $13$369,514
Part IX · Statement of functional expenses $370,886 across 11 lines filed
IX-1 Grants to domestic organizations$6,799
IX-2 Grants to domestic individuals$5,000
IX-11a Management fees$67,153
IX-11g Other fees for services$6,834
IX-13 Office expenses$20,189
IX-14 Information technology$10,810
IX-16 Occupancy$24,150
IX-17 Travel$1,105
IX-19 Conferences, conventions and meetings$162,236
IX-24 Other expenses (24a–d)$63,669
IX-24e All other expenses$2,941
IX-25 Total functional expenses$370,886
Part X · Balance sheet $357,691 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $191,060$196,058
X-2 Savings and temporary cash investmentsStart of year $133,320$133,333
X-4 Accounts receivableStart of year $16,000$24,580
X-9 Prepaid expenses and deferred charges$2,000
X-15 Other assetsStart of year $0$1,720
X-16 Total assetsStart of year $340,380$357,691
X-17 Accounts payable and accrued expensesStart of year $21,823$59,446
X-19 Deferred revenueStart of year $94,700$75,760
X-26 Total liabilitiesStart of year $116,523$135,206
X-27 Net assets without donor restrictionsStart of year $223,857$222,485
X-32 Total net assets or fund balancesStart of year $223,857$222,485
X-33 Total liabilities and net assetsStart of year $340,380$357,691
Part XI · Reconciliation of net assets $222,485 net assets at year end
XI-1 Total revenue$369,514
XI-2 Total expenses$370,886
XI-3 Revenue less expenses−$1,372
XI-4 Net assets at start of year$223,857
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,485

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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