FURP.ORG / PUBLIC DATA EXPLORER

GREATER BOSTON REAL ESTATE BOARD: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GREATER BOSTON REAL ESTATE BOARD (EIN 04-1107040)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-01
IRS object ID
202441229349301204
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-01T09:12:55-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN203985546PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON O'CONNOR FERON & CARUCCI LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 Edgewater Drive Suite 210AddressLine1Txt
CityWakefieldCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01880ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041107040EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Boston Real Estate BoardBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone6174238700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Three Center Plaza Mezzanine SuiteAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGregory VasilPersonNm
Person TitleCEOPersonTitleTxt
Phone6174238700PhoneNum
Signature2024-04-29SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGregoryPersonFirstNm
Person LastVasilPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoseph GisoPreparerPersonNm
PTINP00030126PTIN
Phone7819143400PhoneNum
Preparation2024-04-29PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGregory VasilPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Three Center Plaza Mezzanine SuiteAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,872,063GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.GBREB.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1889FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionThe Greater Boston Real Estate Board was incorporated as a not-for-profit organization to advocate, educate, inform, and serve members of the real estate industry.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee32TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,333,834PYContributionsGrantsAmt
CY Contributions Grants$4,110,192CYContributionsGrantsAmt
PY Program Service Revenue$2,384,123PYProgramServiceRevenueAmt
CY Program Service Revenue$2,645,604CYProgramServiceRevenueAmt
PY Investment Income$59,175PYInvestmentIncomeAmt
CY Investment Income$178,686CYInvestmentIncomeAmt
PY Other Revenue$776,810PYOtherRevenueAmt
CY Other Revenue$855,402CYOtherRevenueAmt
PY Total Revenue$7,553,942PYTotalRevenueAmt
CY Total Revenue$7,789,884CYTotalRevenueAmt
PY Grants And Similar Paid$155,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$85,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,765,463PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,820,515CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,827,438PYOtherExpensesAmt
CY Other Expenses$4,489,156CYOtherExpensesAmt
PY Total Expenses$6,748,401PYTotalExpensesAmt
CY Total Expenses$7,394,671CYTotalExpensesAmt
PY Revenues Less Expenses$805,541PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$395,213CYRevenuesLessExpensesAmt
Total Assets BOY$11,077,107TotalAssetsBOYAmt
Total Assets EOY$11,059,262TotalAssetsEOYAmt
Total Liabilities BOY$3,669,853TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,753,561TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$7,407,254NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$8,305,701NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe Greater Boston Real Estate Board was incorporated as a not-for-profit organization to advocate, educate, inform, and serve members of the real estate industry. The Board continues to foster and promote high ethical standards in all real estate transactions, monitor and comment upon legislative measures affecting real estate, protect private property rights, administer an arbitration process for settling business disputes, and provide outstanding continuing education for its membership.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$6,469,042ExpenseAmt
Grant$85,000GrantAmt
Revenue$3,501,006RevenueAmt
DescThe Greater Boston Real Estate Board (the "Board") was incorporated in 1889 as a private not-for-profit membership organization for the purpose of advocacy, education, information and service for the real estate industry and is the oldest and largest real estate board in Massachusetts. The Board represents its constituency by offering membership in the following distinct divisions:Greater Boston Association of Realtors ("GBAR")As the Board's largest division, GBAR provides education programs in its Center for Professional Development, counseling on the National Association of Realtors Code of Ethics, arbitration services and industry standards real estate forms.Massachusetts Apartment Association ("MAA")MMA represents and protects the interest and rights of rental housing owners and managers through the state. MMA provides legislative and regulatory representation, professional education, standard rental forms and updates on industry trends and developments.Building Owners and Managers Association ("BOMA")Representing commercial building owners and managers, BOMA provides information to member developers, owners, asset and property managers and attorneys, advocacy at the local, state and national level and professional education.Real Estate Finance Association ("REFA")REFA provides financial information to commercial real estate finance professionals in the banking, insurance, mortgage banking and broker, investor, advisor, legal, appraiser and consulting industries. REFA offers a wide variety of member services including informative industry updates, roundtable discussions and education programs.Commercial Brokers Association ("CBA")The largest organization of commercial brokers in Massachusetts, CBA provides members with a variety of informative programs, continuing education and industry updates.Desc
Total Program Service Expenses$6,469,042TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document42IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee32EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGregory Vasil CEOPersonNm
Phone6173997862PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Three Center Plaza Mezzanine SuiteAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
Kate Franco
Chair2.000.50Yes (X)Yes (X)$0$0$0
Mike Edward Perry
Chairman-Elect1.000.50Yes (X)Yes (X)$0$0$0
Bill Tanski
Treasurer1.000.50Yes (X)Yes (X)$0$0$0
Dino Confalone
Clerk/Assistant Treasurer1.000.50Yes (X)Yes (X)$0$0$0
Guy Corricelli
Finance Chair1.000.50Yes (X)$0$0$0
Daphna Fields
Director1.000.50Yes (X)$0$0$0
Jennifer Twombly
Director1.000.50Yes (X)$0$0$0
Clayton Wentworth
Director1.000.50Yes (X)$0$0$0
Alison Powers
Director1.000.50Yes (X)$0$0$0
Samantha Hallowell
Director1.000.50Yes (X)$0$0$0
Alison Socha
Director1.000.50Yes (X)$0$0$0
Jared Wilk Compass
Director1.000.50Yes (X)$0$0$0
Nilesh Bubna
Director1.000.50Yes (X)$0$0$0
Ravi Ragnauth
Director1.000.50Yes (X)$0$0$0
Jessica Buonopane
Director1.000.50Yes (X)$0$0$0
Cecelia Bolognia
Director1.000.50Yes (X)$0$0$0
Neda Vander Stoep
Director1.000.50Yes (X)$0$0$0
Joseph Schutt
Director1.000.50Yes (X)$0$0$0
Tanisha Salmon
Director1.000.50Yes (X)$0$0$0
Melvin Salmon
Director1.000.50Yes (X)$0$0$0
David Wluka
Director1.000.50Yes (X)$0$0$0
Gail Lockberg
Director1.000.50Yes (X)$0$0$0
Lynn Bora
Director1.000.50Yes (X)$0$0$0
Karen Fish-Will
Director1.000.50Yes (X)$0$0$0
William Dermody
Director1.000.50Yes (X)$0$0$0
Greg Vasil
CEO40.004.00Yes (X)$334,214$0$39,071
Adam Kozol
Director of Finance36.004.00Yes (X)$126,222$0$31,110
Adrienne Maley
Executive Director40.000.50$183,595$0$16,054Yes (X)
John Dulczewski
Executive Director40.000.50$174,081$0$15,731Yes (X)
Patricia Baumer
Director of Govt. Affairs40.000.50$124,387$0$13,681Yes (X)
Catherine Stewart
Director of Administration40.000.50$116,820$0$15,238Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,059,319TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$130,885TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Melwood Global
1 Beacon Street 15th FLBostonMA02108Consulting$220,000
Access Marketing Services LLC
PO Box 913026DenverCO802913026Marketing$200,000
RSM US LLP
5155 Paysphere CircleChicagoIL60674Consulting$105,459
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Membership Dues$4,110,192MembershipDuesAmt
Total Contributions$4,110,192TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFunctions & EducationDesc
Business900099BusinessCd
Total Revenue Column$2,645,604TotalRevenueColumnAmt
Related Or Exempt Func Income$2,645,604RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,645,604TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$178,686TotalRevenueColumnAmt
Exclusion$178,686ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$266,799GrossSalesOfInventoryAmt
Cost Of Goods Sold$82,179CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$184,620TotalRevenueColumnAmt
Related Or Exempt Func Income$184,620RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MLS Income900099$121,522$121,522
Management Fees900099$34,633$34,633

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$514,627TotalRevenueColumnAmt
Related Or Exempt Func Income$514,627RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$670,782OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,789,884TotalRevenueColumnAmt
Related Or Exempt Func Income$3,501,006RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$178,686ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$85,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,059,319TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,270,943TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$12,152TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$314,910TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$163,191TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$150,023TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,710TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$133,364TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$6,214TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$322,295TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$232,323TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$227,582TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$539,255TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$134,108TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,799,336TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$324,200TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$66,190TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$44,791TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Special Project$348,693
Utilities$47,243
Repair & Maintenace$27,231
Dues & Subscriptions$25,543

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$24,055TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,394,671TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$603,395BOYAmt
EOY$426,791EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,012,528BOYAmt
EOY$1,333,271EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$436,840BOYAmt
EOY$189,985EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$208,985BOYAmt
EOY$248,785EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,006,615LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,715,137LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,270,085BOYAmt
EOY$1,291,478EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,593,341BOYAmt
EOY$7,085,054EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$951,933BOYAmt
EOY$483,898EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,077,107BOYAmt
EOY$11,059,262EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$721,277BOYAmt
EOY$708,524EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,938,345BOYAmt
EOY$1,517,925EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,010,231BOYAmt
EOY$527,112EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,669,853BOYAmt
EOY$2,753,561EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$7,407,254BOYAmt
EOY$8,305,701EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,407,254BOYAmt
EOY$8,305,701EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,077,107BOYAmt
EOY$11,059,262EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$395,213ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$503,234NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$4,110,192DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$133,364NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$133,364NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$291,186AggregateReportedDuesNtcAmt
Taxable-$157,822TaxableAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$403,700OtherCostOrOtherBasisAmt
Book Value$403,700BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$426,300OtherCostOrOtherBasisAmt
Depreciation$108,935DepreciationAmt
Book Value$317,365BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$655,148OtherCostOrOtherBasisAmt
Depreciation$130,408DepreciationAmt
Book Value$524,740BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,521,467OtherCostOrOtherBasisAmt
Depreciation$1,475,794DepreciationAmt
Book Value$45,673BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,291,478TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Due to GBREB Foundation$19,458
Current Lease Liability$494,477
Operating Lease Liability$13,177
FieldValueIRS element (for citing)
Total Liability$527,112TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,577,978TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$503,234NetUnrealizedGainsInvstAmt
Other Revenue$284,860OtherRevenueAmt
Revenue Not Reported$788,094RevenueNotReportedAmt
Revenue Subtotal$7,789,884RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$7,789,884TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,763,100TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$368,429OtherExpensesIncludedAmt
Expenses Not Reported$368,429ExpensesNotReportedAmt
Expenses Subtotal$7,394,671ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,394,671TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part X, Line 2:The Board is organized under Section 501(c)(6) of the Internal Revenue Code as a tax-exempt membership organization. As such, the Board has not provided for income taxes in the accompanying consolidated financial statements except on its activities unrelated to its exempt purpose.
Part XI, Line 2d - Other Adjustments:Greater Boston Real Estate Board Foundation Income 322,314. Intercompany Eliminations -119,633. Cost of Good Sold 82,179.
Part XII, Line 2d - Other Adjustments:Cost of Goods Sold 82,179. Greater Boston Real Estate Board Foundation Expenses 405,882. Intercompany Eliminations -119,633. Rounding 1.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Greater Boston Real Estate Board FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Three Center Plaza Mezzanine SuiteAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Recipient EIN223299681RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$85,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTo fund the scholarship programPurposeOfGrantTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationFor grants made to housing related charities, charities submit a written proposal explaining why they should be selected and what the contribution will be used for. Committees of GBREB evaluate the proposals to select the grant recipients.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Greg Vasil
CEO$321,360$0$12,854$0$0$0$9,900$0$29,171$0$373,285$0$0$0
Adrienne Maley
Executive Director$176,534$0$7,061$0$0$0$5,508$0$10,546$0$199,649$0$0$0
John Dulczewski
Executive Director$167,386$0$6,695$0$0$0$5,222$0$10,509$0$189,812$0$0$0
Adam Kozol
Director of Finance$121,367$0$4,855$0$0$0$3,787$0$27,323$0$157,332$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bAn e-copy of the form 990 is e-mailed to the Board members prior to the monthly Board meeting, in time for the Board to review and prepare questions. The document is then reviewed by the CFO and the Board members at the monthly board meeting prior to filing.
Form 990, Part VI, Section B, line 12cThe conflict of interest policy is distributed to all trustees and officers. Signed disclosure are returned to the director of finance who reviews the forms for potential conflicts. An individual found to have a conflict would be barred from the discussions or vote on the conflicting matter.
Form 990, Part VI, Section B, line 15The CEO, Executive Director(s), and CFO were paid based on average wages for similar positions and years of experience. The process included the following: * Review and approval by a governing body or compensation committee, with no participation by interested persons (includes family & business associates). * Use of data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. * Contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.
Form 990, Part VI, Section C, line 19The organization makes its governing documents including its conflict of interest policy, and its financial statements, available to the public upon request in writing or in person to Greater Boston Real Estate Board. The director of finance will provide the information.
Form 990, Part XII, Line 2c:the organization did not change either its oversight process of the audit, review, or compilation of its financial statements or selection process for an independent accountant during the tax year.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
Greater Boston Real Estate Board Foundation
3 Center PlazaBostonMA02108223299681To Make Grants to Charitable Organizations in Greater BostonMA501(c)(3)7Greater Boston Real Estate BoardYes (1)
greater Boston Real Estate Board - PAC
3 Center PlazaBostonMA02108043468188Political Action CommitteeMA527N/AGreater Boston Real Estate BoardYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Greater Boston Real Estate Board Foundation
B$85,000Book
Greater Boston Real Estate Board Foundation
L$37,243Book