Real Estate Educators Association FY2020 filing

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To provide resources and opportunities for professional development to individuals and organizations involved in Real Estate education.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$43K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $14K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$43K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$136K
Spent
$128K
Net assets
$152K
By yearFY2020–FY2024
Revenue
$136K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$136K
FY2021$214K
FY2022$243K
FY2023$254K
FY2024$247K
Expenses
$128K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$128K
FY2021$177K
FY2022$262K
FY2023$210K
FY2024$247K
Net assets
$152K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$152K
FY2021$190K
FY2022$170K
FY2023$214K
FY2024$214K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1981.

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

Who runs it and what they're paid

10 people listed on the 990; $43K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$37,564Pt VII · Sec A
$5,000Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Kris Inman——$37,564
Theresa Barnabei$10,500$4,500$5,000

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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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 15aYes

Programs and updates

Offers resources and opportunities for professional development in real estate education.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Reea served over 500 members in the real estate education industry, which included colleges, universities, proprietary schools, corporate trainers, and independent speaker trainers. We hosted an annual education conference, a distinguished real estate instructors drei annual summit, as well as a five to seven hours of instructor…

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$136K
Ln 12
Fees for servicesLn 2g$135K
Gifts and grantsLn 1h$100
Investment incomeLn 3$68
Money outPt IX
$128K
Ln 25
Owns and owesPt X
$152K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$152K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100
Fees for servicesLn 2g$135K
Investment incomeLn 3$68
Total revenueLn 12$136K
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$95K
Cash and savings togetherLn 1–2$152K
Total assetsLn 16$152K
LiabilitiesLn 26$0
Net assetsLn 32$152K
OperationsPt I, VI
EmployeesI 50
VolunteersI 656
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$145K$152K
Total assetsLn 16$145K$152K
LiabilitiesLn 26$0$0
Net assetsLn 32$145K$152K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$43K
Pay of disqualified personsLn 6$25K
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$17K
Legal feesLn 11b$827
Accounting feesLn 11c$1K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$468
Office expensesLn 13$11K
Information technologyLn 14$4K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$668
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$19K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$4K
All other expensesLn 24e$0
Total functional expensesLn 25$128K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $247K$247K$271$214K 990 PDF
FY2023 $254K$210K$44K$214K 990 PDF
FY2022 $243K$262K−$19K$170K 990 PDF
FY2021 $214K$177K$37K$190K 990 PDF
FY2020 Viewing $136K$128K$7K$152K 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 FY2020 990 (6 parts)
Part I · Summary $135,599 revenue, 12 lines filed
I-8 Contributions and grants$100
I-9 Program service revenuePrior year $235,845$135,431
I-10 Investment incomePrior year $47$68
I-11 Other revenue$0
I-12 Total revenuePrior year $235,892$135,599
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,272$67,339
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $124,100$60,982
I-18 Total expensesPrior year $205,372$128,321
I-19 Revenue less expensesPrior year $30,520$7,278
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $135,599 across 5 lines filed
VIII-1f All other contributions, gifts and grants$100
VIII-1h Total contributions, gifts and grants$100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $135,431$135,431
VIII-3 Investment incomeExcluded from tax $68$68
VIII-12 Total revenueRelated to mission $135,431 · Excluded from tax $68$135,599
Part IX · Statement of functional expenses $128,321 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$42,564
IX-6 Pay of disqualified persons$24,775
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$16,958
IX-11b Legal fees$827
IX-11c Accounting fees$1,350
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$468
IX-13 Office expenses$11,189
IX-14 Information technology$3,773
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$668
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$19,471
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$2,100
IX-24 Other expenses (24a–d)$4,178
IX-24e All other expenses$0
IX-25 Total functional expenses$128,321
Part X · Balance sheet $152,269 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $49,688$56,898
X-2 Savings and temporary cash investmentsStart of year $95,303$95,371
X-16 Total assetsStart of year $144,991$152,269
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $83,366$152,269
X-32 Total net assets or fund balancesStart of year $144,991$152,269
X-33 Total liabilities and net assetsStart of year $144,991$152,269
Part XI · Reconciliation of net assets $152,269 net assets at year end
XI-1 Total revenue$135,599
XI-2 Total expenses$128,321
XI-3 Revenue less expenses$7,278
XI-4 Net assets at start of year$144,991
XI-10 Net assets at end of year$152,269

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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