Institute of Real Estate Management of the Natl Assn of Realtors EIN 47-1691592

Institute of Real Estate Management of the Natl Assn of Realtors

EIN  47-1691592 Business league / trade association Indianapolis, IN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes professional development and ethical practices through education and community outreach.
Leadership
Nicole Blanton · Irem Assoc E
Money in and out
$277K revenue, $254K expenses
Bottom line
+8% operating surplus

Promotes professional development and ethical practices through education and community outreach. For fiscal year 2024 it reported $277K in revenue, $254K in expenses, and $263K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Operating surplus
+8%
revenue over expenses▼ -24% vs prior filing year
Earned revenue
51%
of revenue from program services & dues▼ -10% vs prior filing year
Program spending
67%
of expenses reach member services▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$277K
FY2024▼ -4%
Expenses
$254K
FY2024▼ -1%
Total assets
$362K
FY2024▲ +12%
Total liabilities
$99K
FY2024▲ +18%
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$254K
Pt IX · Ln 25
Net assets
$263K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$362K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4320
Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Semi annual irem indy member education scholarships provides an allowance to a deserving member to attend any irem certification education course of their choosing and location. It's purpose is to promote and reward member participation and designation attainment at the irem indy chapter level.

Pt IX · col B
02

Irem Indy Annual Student Outreach Program

Take our future to lunch. This scholarship program incudes a cash reward and a student membership to three students. Additional student memberships are awarded to students in attendence. It's purpose is to support potential leaders in the profession

Pt IX · col B
03

Annual irem indy sally lentz-vrouse scholarship which provides paid registration to the irem national fall conference along with an allowance to defray associated costs. Its purpose is to promtate and reward member participation at the irem indy chapter level.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInstitute of Real Estate Management of the Natl Assn of Realtors
EINHdr · item D47-1691592
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFAug 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b320
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Irem Assoc E
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President El
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$142K · 51%
Contributions & grants$97K · 35%
Other revenue$30K · 11%
Investment income$8K · 3%
Program service revenue51%$142K
Contributions & grants35%$97K
Other revenue11%$30K
Investment income3%$8K
Total revenueLn 12$277K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$171K
Management & general33%$84K
Total functional expensesLn 25$254K

Balance Sheet

Part X · end of year
CashLn 1$352K
Total assetsLn 16$362K
Total liabilitiesLn 26$99K
Total net assetsLn 32$263K
Months of cash on handcomputed16.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $352K · Operating expenses/yr $254K
16.6 months
Where the money goes
Program services
Program services $171K · Total expenses $254K
67%
Management & General
Management & general $84K · Total expenses $254K
33%
Fundraising
Fundraising $0 · Total expenses $254K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $99K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $97K · Total revenue $277K
35%
Government reliance
Government grants — · Total revenue $277K
Earned-income share
Program service revenue $142K · Total revenue $277K
51%
Investment reliance
Investment income $8K · Total revenue $277K
+3%
Program self-sufficiency
Program service revenue $142K · Total expenses $254K
56%
Growth & trend
Revenue growth (YoY)
This year $277K · Prior year $289K
-4%
Revenue CAGR
FY2020 $179K · FY2024 $277K
+11%
Net-asset trend (YoY)
End of year $263K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $277K · Expenses $254K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $362K
Net-asset ratio
Net assets $263K · Total assets $362K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $362K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicole Blanton · Reported title IREM ASSOC E · Highest reported compensation $0 · Total expenses $254K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $254K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth -4%

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 · 3 grants · $41K · 2020–2022

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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
FY2024 (Latest)$277K revenue · viewing · ⤓ 990 PDF
FY2023$289K revenue · ⤓ 990 PDF
FY2022$282K revenue · ⤓ 990 PDF
FY2021$250K revenue · ⤓ 990 PDF
FY2020$179K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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