Sior Foundation EIN 52-0808480

Sior Foundation

EIN  52-0808480 Public charity (501(c)(3)) Washington, DC Founded 1962
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds educational programs, expert speakers, and community initiatives to train commercial real estate professionals and increase public awareness of the industry globally.
Leadership
Corrine Nowak · Director · $103K
Money in and out
$792K revenue, $817K expenses
Bottom line
53% program efficiency

Funds educational programs, expert speakers, and community initiatives to train commercial real estate professionals and increase public awareness of the industry globally. For fiscal year 2024 it reported $792K in revenue, $817K in expenses, and $8.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$817K
Pt IX · Ln 25
Net assets
$8.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.40 Fundraising $0.07
Program efficiency
53%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
124.5mo
months of highly liquid reserves at operating expense rate▼ -7% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -133% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$792K
FY2024▼ -1%
Expenses
$817K
FY2024▲ +13%
Total assets
$8.5M
FY2024▲ +5%
Total liabilities
$182K
FY2024▼ -3%
Total revenue
$792K
Pt VIII · Ln 12
Total expenses
$817K
Pt IX · Ln 25
Net assets
$8.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$8.5M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 344
Independent voting membersPt I · Ln 444
Mission & Programs · Part III

Where the work happens

3 program services account for $378K of program spending, described in the organization's own filed words · FY2024.
01

Grants to sior and non-profit entities for support of real estate education and leadership training. To support commercial real estate articles in a quarterly publication that reached over 4,000 professionals per issue in circulation.

$239Kprogram expense
02

Sior Chapter Matching Scholarship Program

To encourage and assist the best and brightest students studying commercial real estate. Supported 18 sior chapters in the U.S. And canada in supporting 60+ students at 31 educational institutions.

$90Kprogram expense
03

Sior chapter matching educational speakers and community programs: to assist sior chapters in educating commercial real estate professionals and industry stakeholders, and to enhance public education, understanding, and awareness of the industry.

$50Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSior Foundation
EINHdr · item D52-0808480
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.siorfoundation.org
Year of formationHdr · item L1962
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S125)
Ruling yearIRS BMFAug 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a44
Independent voting membersPt VI · Ln 1b44
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$103,124Pt VII · Sec A
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Corrine Nowak’s $103K as Director is at the 75th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2022
Corrine Nowak$103,124$95,465
Elizabeth Koenst Lokken$3,750

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
Contributions & grants$481K · 61%
Investment income$311K · 39%
Contributions & grants61%$481K
Investment income39%$311K
Total revenueLn 12$792K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.40 Fundraising $0.07
Program services53%$431K
Management & general40%$329K
Fundraising7%$58K
Total functional expensesLn 25$817K

Balance Sheet

Part X · end of year
CashLn 1$367K
Total assetsLn 16$8.5M
Total liabilitiesLn 26$182K
Total net assetsLn 32$8.3M
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.5M · Operating expenses/yr $817K
124.5 months
Where the money goes
Program services
Program services $431K · Total expenses $817K
53%
Management & General
Management & general $329K · Total expenses $817K
40%
Fundraising
Fundraising $58K · Total expenses $817K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $53K · Solicited contributions (3-yr avg) $460K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $481K · Total revenue $792K
61%
Government reliance
Government grants — · Total revenue $792K
Earned-income share
Program service revenue $0 · Total revenue $792K
0%
Investment reliance
Investment income $311K · Total revenue $792K
+39%
Program self-sufficiency
Program service revenue $0 · Total expenses $817K
0%
Growth & trend
Revenue growth (YoY)
This year $792K · Prior year $798K
-1%
Revenue CAGR
FY2019 $611K · FY2024 $792K
+5%
Net-asset trend (YoY)
End of year $8.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $792K · Expenses $817K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $8.5M
Net-asset ratio
Net assets $8.3M · Total assets $8.5M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.5M
95%
People & payroll
Highest Reported Total Compensation
Individual Corrine Nowak · Reported title DIRECTOR · Highest reported compensation $103K · Total expenses $817K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $140K · Total expenses $817K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 40%
Fundraising cost ratio 12%
Revenue growth -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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$167K
Grants paid · 93 grants · $1.6M · 2019–2024
Sior Carolinas ChapterSC · FY2024$26,484
Unitemized GrantFY2024$16,000
Crei Events LLCFY2024$9,500
Sior WisconsinFY2024$8,000
Sior Oregon ChapterFY2024$6,000
Unitemized GrantFY2024$5,995
Sior Arizona ChapterAZ · FY2024$5,250
See all 93 grants →

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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$798K revenue · ⤓ 990 PDF
FY2023$663K revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$479K revenue · ⤓ 990 PDF
FY2020$611K 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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