Institute of Real Estate Management of the Natl Assn of Realtors EIN 51-0204250

Institute of Real Estate Management of the Natl Assn of Realtors

EIN  51-0204250 Business league / trade association Livonia, MI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Educates and certifies real estate management professionals and advocates for industry issues.
Leadership
Susan Knowles · Executive Di · $61K
Money in and out
$154K revenue, $140K expenses
Bottom line
+9% operating surplus

Educates and certifies real estate management professionals and advocates for industry issues. For fiscal year 2024 it reported $154K in revenue, $140K in expenses, and $26K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $14K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Operating surplus
+9%
revenue over expenses▲ +131% vs prior filing year
Earned revenue
63%
of revenue from program services & dues▼ -16% vs prior filing year
Payroll share
47%
of spending is salaries & benefits▲ +25% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$154K
FY2024▲ +14%
Expenses
$140K
FY2024▼ -20%
Total assets
$26K
FY2024▲ +112%
Total liabilities
$0
FY2024
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$140K
Pt IX · Ln 25
Net assets
$26K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$26K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $137K of program spending, described in the organization's own filed words · FY2024.
01

Monthly real estate management meetings and conferences benefiting approximately 222 members.

$116Kprogram expense
02

Vendor display seminars and trade shows benefiting approximately 222 members.

$12Kprogram expense
03

Education courses benefiting approximately 222 members.

$9Kprogram expense

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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 D51-0204250
Principal addressHdr · item CLivonia, MI
WebsiteHdr · item Jiremmi5.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S47Z)
Ruling yearIRS BMFAug 1976

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
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
Executive Di
$60,756Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Susan Knowles’s $61K as Executive Di is at the 38th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Knowles$60,756$60,566$61,142$47,150$46,756

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$97K · 63%
Other revenue$30K · 19%
Contributions & grants$27K · 18%
Program service revenue63%$97K
Other revenue19%$30K
Contributions & grants18%$27K
Investment income$4
Total revenueLn 12$154K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$137K
Management & general2%$3K
Total functional expensesLn 25$140K

Balance Sheet

Part X · end of year
CashLn 1$26K
Total assetsLn 16$26K
Total liabilitiesLn 26$0
Total net assetsLn 32$26K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $26K · Operating expenses/yr $140K
2.3 months
Where the money goes
Program services
Program services $137K · Total expenses $140K
98%
Management & General
Management & general $3K · Total expenses $140K
2%
Fundraising
Fundraising $0 · Total expenses $140K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $24K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $154K
18%
Government reliance
Government grants — · Total revenue $154K
Earned-income share
Program service revenue $97K · Total revenue $154K
63%
Investment reliance
Investment income $4 · Total revenue $154K
0%
Program self-sufficiency
Program service revenue $97K · Total expenses $140K
69%
Growth & trend
Revenue growth (YoY)
This year $154K · Prior year $135K
+14%
Revenue CAGR
FY2020 $164K · FY2024 $154K
-1%
Net-asset trend (YoY)
End of year $26K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $154K · Expenses $140K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $26K
Net-asset ratio
Net assets $26K · Total assets $26K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $26K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Knowles · Reported title EXECUTIVE DI · Highest reported compensation $61K · Total expenses $140K
43%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $66K · Total expenses $140K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 14%
Accounting fee ratio 1%

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.

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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)$154K revenue · viewing · ⤓ 990 PDF
FY2023$135K revenue · ⤓ 990 PDF
FY2022$149K revenue · ⤓ 990 PDF
FY2021$108K revenue · ⤓ 990 PDF
FY2020$164K 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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