GREATER BOSTON REAL ESTATE BOARD: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
GREATER BOSTON REAL ESTATE BOARD (EIN 04-1107040)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-30
IRS object ID
202541209349300624
Schema version
2024v5.1
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)
Return2025-04-30T08:03:59-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-04-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoseph GisoPreparerPersonNm
PTINP00030126PTIN
Phone7819143400PhoneNum
Preparation2025-04-22PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

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$8,123,036GrossReceiptsAmt
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 Employee26TotalEmployeeCnt
Total Volunteers200TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,110,192PYContributionsGrantsAmt
CY Contributions Grants$4,001,800CYContributionsGrantsAmt
PY Program Service Revenue$2,645,604PYProgramServiceRevenueAmt
CY Program Service Revenue$3,275,652CYProgramServiceRevenueAmt
PY Investment Income$178,686PYInvestmentIncomeAmt
CY Investment Income$300,141CYInvestmentIncomeAmt
PY Other Revenue$855,402PYOtherRevenueAmt
CY Other Revenue$527,740CYOtherRevenueAmt
PY Total Revenue$7,789,884PYTotalRevenueAmt
CY Total Revenue$8,105,333CYTotalRevenueAmt
PY Grants And Similar Paid$85,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$55,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,820,515PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,975,972CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,489,156PYOtherExpensesAmt
CY Other Expenses$4,448,466CYOtherExpensesAmt
PY Total Expenses$7,394,671PYTotalExpensesAmt
CY Total Expenses$7,479,438CYTotalExpensesAmt
PY Revenues Less Expenses$395,213PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$625,895CYRevenuesLessExpensesAmt
Total Assets BOY$11,059,262TotalAssetsBOYAmt
Total Assets EOY$14,244,453TotalAssetsEOYAmt
Total Liabilities BOY$2,753,561TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,821,387TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,305,701NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$9,423,066NetAssetsOrFundBalancesEOYAmt
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$6,383,241ExpenseAmt
Grant$55,000GrantAmt
Revenue$3,803,392RevenueAmt
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")MAA represents and protects the interest and rights of rental housing owners and managers through the state. MAA 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$6,383,241TotalProgramServiceExpensesAmt
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 AssetsYes (1)ReportOtherAssetsInd
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 Document43IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee26EmployeeCnt
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
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 OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Greg Vasil
CEO40.004.00Yes (X)$329,421$0$44,982
Adam Kozol
Director of Finance36.004.00Yes (X)$171,179$0$38,733
Adrienne Maley
Executive Director40.000.50$181,918$0$18,189Yes (X)
John Dulczewski
Executive Director40.000.50$180,381$0$19,262Yes (X)
Patricia Baumer
Director of Govt. Affairs40.000.50$119,860$0$16,042Yes (X)
Catherine Stewart
Director of Administration40.000.50$115,143$0$15,514Yes (X)
Mike Edward
Chair2.000.50Yes (X)$0$0$0Yes (X)
Bill Tanski
Chairman-Elect1.000.50Yes (X)$0$0$0Yes (X)
Dino Confalone
Treasurer1.000.50Yes (X)$0$0$0Yes (X)
Sarah Mathewson
Clerk/Assistant Treasurer1.000.50Yes (X)$0$0$0Yes (X)
Guy Corricelli
Director1.000.50$0$0$0Yes (X)
Sonia Patano
Director1.000.50$0$0$0Yes (X)
Clayton Wentworth
Director1.000.50$0$0$0Yes (X)
Jennifer Christakes
Director1.000.50$0$0$0Yes (X)
Samantha Hallowell
Director1.000.50$0$0$0Yes (X)
Robert Byrne
Director1.000.50$0$0$0Yes (X)
Jared Wilk
Director1.000.50$0$0$0Yes (X)
Mark Triglione
Director1.000.50$0$0$0Yes (X)
Ravi Ragnauth
Director1.000.50$0$0$0Yes (X)
Jill Sharif
Director1.000.50$0$0$0Yes (X)
Cecelia Bolognia
Director1.000.50$0$0$0Yes (X)
Jeremy Ouellette
Director1.000.50$0$0$0Yes (X)
Sheryle Degirolamo
Director1.000.50$0$0$0Yes (X)
Alison Socha
Director1.000.50$0$0$0Yes (X)
Neda Vander Stoep
Director1.000.50$0$0$0Yes (X)
Melvin Vieira
Director1.000.50$0$0$0Yes (X)
David Wluka
Director1.000.50$0$0$0Yes (X)
Kyle Zene-Moore
Director1.000.50$0$0$0Yes (X)
Kate Franco
Director1.000.50$0$0$0Yes (X)
Lynn Bora
Director1.000.50$0$0$0Yes (X)
Karen Fish-Will
Director1.000.50$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,097,902TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$152,722TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K6IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Melwood GlobalBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 Beacon Street 15th FLAddressLine1Txt
CityBostonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
ServicesConsultingServicesDesc
Compensation$165,850CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Membership Dues$4,001,800MembershipDuesAmt
Total Contributions$4,001,800TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Functions & Education531390$2,761,048$2,761,048
Auxiliary Programs531390$242,569$242,569
Membership Assessments531390$160,411$160,411
Government Affairs531390$111,624$111,624
FieldValueIRS element (for citing)
Total Program Service Revenue$3,275,652TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$300,141TotalRevenueColumnAmt
Exclusion$300,141ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$325,089GrossSalesOfInventoryAmt
Cost Of Goods Sold$17,703CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$307,386TotalRevenueColumnAmt
Related Or Exempt Func Income$307,386RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MLS Revenue531390$110,651$110,651
Arbritration Fees531390$53,737$53,737
Management Fees531390$36,995$36,995

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,971TotalRevenueColumnAmt
Related Or Exempt Func Income$18,971RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$220,354OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,105,333TotalRevenueColumnAmt
Related Or Exempt Func Income$3,803,392RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$300,141ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$55,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,221,091TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,230,722TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$15,014TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$339,905TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$169,240TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$57,754TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$40,500TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$141,364TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,137TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$330,397TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$251,410TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$267,497TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$568,733TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$119,137TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,920,061TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$280,704TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$56,583TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$44,296TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Special Project$197,120
Utilities$61,533
Bad Debt Expense$38,075
Dues & Subscriptions$27,983

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$38,182TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,479,438TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$426,791BOYAmt
EOY$408,414EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,333,271BOYAmt
EOY$1,335,353EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$189,985BOYAmt
EOY$239,143EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$248,785BOYAmt
EOY$214,699EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,104,262LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,771,720LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,291,478BOYAmt
EOY$1,332,542EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$7,085,054BOYAmt
EOY$8,431,432EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$483,898BOYAmt
EOY$2,282,870EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,059,262BOYAmt
EOY$14,244,453EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$708,524BOYAmt
EOY$743,429EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,517,925BOYAmt
EOY$1,752,794EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$527,112BOYAmt
EOY$2,325,164EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,753,561BOYAmt
EOY$4,821,387EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,305,701BOYAmt
EOY$9,423,066EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,305,701BOYAmt
EOY$9,423,066EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,059,262BOYAmt
EOY$14,244,453EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$625,895ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$491,470NetUnrlzdGainsLossesInvstAmt
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$4,001,800DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$141,364NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$141,364NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$286,030AggregateReportedDuesNtcAmt
Taxable-$144,666TaxableAmt

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$123,145DepreciationAmt
Book Value$303,155BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$747,803OtherCostOrOtherBasisAmt
Depreciation$152,918DepreciationAmt
Book Value$594,885BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,526,459OtherCostOrOtherBasisAmt
Depreciation$1,495,657DepreciationAmt
Book Value$30,802BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,332,542TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRight-Of-Use AssetDesc
Book Value$2,282,870BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,282,870TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
Due to GBREB Foundation$18,880
Current Lease Liability$291,339
Operating Lease Liability$2,014,945
FieldValueIRS element (for citing)
Total Liability$2,325,164TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$8,851,396TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$491,470NetUnrealizedGainsInvstAmt
Other Revenue$254,593OtherRevenueAmt
Revenue Not Reported$746,063RevenueNotReportedAmt
Revenue Subtotal$8,105,333RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,105,333TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,689,299TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$209,861OtherExpensesIncludedAmt
Expenses Not Reported$209,861ExpensesNotReportedAmt
Expenses Subtotal$7,479,438ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,479,438TotalExpensesPerForm990Amt

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 328,885. Intercompany Eliminations -91,993. Cost of Good Sold 17,703. Rounding -2.
Part XII, Line 2d - Other Adjustments:Cost of Goods Sold 17,703. Greater Boston Real Estate Board Foundation Expenses 284,151. Intercompany Eliminations -91,993. Rounding

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$55,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantTo fund the scholarship programPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

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$329,421$0$0$0$0$0$10,026$0$34,956$0$374,403$0$0$0
Adam Kozol
Director of Finance$171,179$0$0$0$0$0$5,287$0$33,446$0$209,912$0$0$0
Adrienne Maley
Executive Director$181,918$0$0$0$0$0$5,508$0$12,681$0$200,107$0$0$0
John Dulczewski
Executive Director$180,381$0$0$0$0$0$5,568$0$13,694$0$199,643$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 OrgYes (1)LoansOrGuaranteesToOtherOrgInd
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 Org0PerformOfServicesForOthOrgInd
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 (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Greater Boston Real Estate Board Foundation
B$55,000Book
Greater Boston Real Estate Board Foundation
D$8,115Book
greater Boston Real Estate Board Foundation
Q$36,995book

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