2022-05-10T08:17:36-05:00 2021-08-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE RD SUITE 200 ARLINGTON VA 22203 990 2020-09-01 520808480 SIOR FOUNDATION SIOR 2024498208 1201 NEW YORK AVENUE NW NO 350 WASHINGTON DC 20005 ELIZABETH KOENST EXECUTIVE DIRECTOR 2024498208 2022-04-08 1 ELIZABETH KOENST XXX-XX-XXXX J ANDREW SMITH P00635175 5712279500 2022-04-05 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELIZABETH KOENST 1201 NEW YORK AVENUE NW NO 350 WASHINGTON DC 20005 1000369 0 X WWW.SIORFOUNDATION.ORG X 1962 IL PROMOTE & SUPPORT INITIATIVES THAT EDUCATE, ENHANCE & EXPAND THE COMMERCIAL REAL ESTATE COMMUNITY. 43 43 0 43 0 0 387983 348596 0 0 222170 129802 1312 1039 611465 479437 232638 217975 0 0 49901 55149 0 0 37601 142274 116333 424813 389457 186652 89980 6314008 7527340 84309 48390 6229699 7478950 X PROMOTE AND SUPPORT INITIATIVES THAT EDUCATE, ENHANCE AND EXPAND THE COMMERCIAL REAL ESTATE COMMUNITY. 0 0 108173 106000 1039 GRANTS TO SIOR AND NON-PROFIT ORGANIZATIONS 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. TO SUPPORT HIGH QUALITY TRAINING THAT ENHANCES PROFESSIONAL AND PERSONAL LEADERSHIP SKILLS OF CORPORATE REAL ESTATE PROFESSIONALS IN MANUFACTURING AND INDUSTRIAL ASSET MANAGEMENT INDUSTRY. 87845 86079 SIOR CHAPTER MATCHING SCHOLARSHIP PROGRAM: TO ENCOURAGE AND ASSIST THE BEST AND BRIGHTEST STUDENTS STUDYING COMMERCIAL REAL ESTATE. SUPPORTED 19 SIOR CHAPTERS IN THE U.S. AND SUPPORTING 50+ STUDENTS AT 28 EDUCATIONAL INSTITUTIONS AROUND THE U.S. 18120 17756 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. SUPPORTED 2 SIOR CHAPTERS AND 2 REGIONS AROUND THE U.S., CANADA, TO PROVIDE 4 COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMS WITH LEADING INDUSTRY EXPERT SPEAKERS THAT IMPACTED OVER 1,400 COMMERCIAL REAL ESTATE PROFESSIONALS AND STUDENTS. 9034 8040 MILDRED C. HANSON, SIOR MEMORIAL SCHOLARSHIP PROGRAM: TO ENCOURAGE AND ASSIST FEMALE STUDENTS IN OBTAINING AN EDUCATION THAT WILL LEAD THEM INTO PRODUCTIVE CAREERS IN THE REAL ESTATE INDUSTRY. 210 DAVID T. HOUSTON, JR. SIOR MEMORIAL SCHOLARSHIP PROGRAM: TO ENCOURAGE, PROMOTE, AND SUPPORT ADULT CONTINUING EDUCATION IN COMMERCIAL REAL ESTATE. 103 100 STUDENT REAL ESTATE EXPERIENCE PROGRAM: TO PROVIDE A PROGRAM THAT WILL ENABLE UNDERGRADUATE AND GRADUATE STUDENTS TO ATTEND INDUSTRY WIDE CONFERENCES AS WELL AS REGIONAL AND CHAPTER EVENTS IN ORDER TO PROMOTE THE COMMERCIAL REAL ESTATE INDUSTRY AS A VIABLE AND EXCITING CAREER OPTION TO POTENTIAL PROFESSIONALS. 9347 8140 223485 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 43 43 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA IL NY X CORRINE NOWAK 2024498208 1201 NEW YORK AVENUE NW SUITE 350 WASHINGTON DC 20005 ALBERT M MCNEEL PRESIDENT 1.00 X X 0 0 0 RICHARD SLEASMAN PRESIDENT-ELECT 1.00 X X 0 0 0 BARBARA JOHNSON VICE PRESIDENT, CHAIR - PUBLIC RELATIONS 1.00 X X 0 0 0 STAN KLEWENO TREASURER 1.00 X X 0 0 0 CHRISTOPHER W CURTIS IMMEDIATE PAST PRESIDENT 1.00 X 0 0 0 PETER O HANSON CHAIR - ADVISORY COMMITTEE 1.00 X 0 0 0 THEODORE KONIGSBERG CHAIR - GRANT & SCHOLARSHIP 1.00 X 0 0 0 BILL GINDER PAST PRESIDENT 0.50 X 0 0 0 DAVID B HAGAN PAST PRESIDENT 0.50 X 0 0 0 J PETER WHATMORE PAST PRESIDENT 0.50 X 0 0 0 H ALLEN GUMP PAST PRESIDENT 0.50 X 0 0 0 LYNN E REICH PAST PRESIDENT 0.50 X 0 0 0 JOSEPH V BARNA PAST PRESIDENT 0.50 X 0 0 0 AARON BARNARD PAST PRESIDENT 0.50 X 0 0 0 KEVIN J CROWLEY PAST PRESIDENT 0.50 X 0 0 0 PATRICIA J LOVEALL PAST PRESIDENT 0.50 X 0 0 0 ROBERT J STANIFORTH PAST PRESIDENT 0.50 X 0 0 0 MICHAEL W OHMES PAST PRESIDENT 0.50 X 0 0 0 THOMAS E MCCORMICK PAST PRESIDENT 0.50 X 0 0 0 RANDALL WALKER PAST PRESIDENT 0.50 X 0 0 0 ADRIAN ARRIAGA TRUSTEE 0.50 X 0 0 0 DANIEL J DOHERTY TRUSTEE 0.50 X 0 0 0 CHRISTOPHER KIRK TRUSTEE 0.50 X 0 0 0 TERRY E SMITH TRUSTEE 0.50 X 0 0 0 MICHAEL FALK TRUSTEE 0.50 X 0 0 0 DAVID L SCHILLER TRUSTEE 0.50 X 0 0 0 JACK O'DONOGHUE TRUSTEE 0.50 X 0 0 0 ROBERT HORN TRUSTEE 0.50 X 0 0 0 D SHELDON JOHNSON TRUSTEE 0.50 X 0 0 0 KRAIG HEETER TRUSTEE 0.50 X 0 0 0 CHRIS GARCIA TRUSTEE 0.50 X 0 0 0 JESSE LAIKIN TRUSTEE 0.50 X 0 0 0 MICHAEL R CAPOBIANCO TRUSTEE 0.50 X 0 0 0 GARRY N BOBKE TRUSTEE 0.50 X 0 0 0 WILLIAM HANSON TRUSTEE 0.50 X 0 0 0 NANCY MORSE TRUSTEE 0.50 X 0 0 0 PETER RICHARDSON TRUSTEE 0.50 X 0 0 0 MATTHEW R OLSON TRUSTEE 0.50 X 0 0 0 JOHN T BARKER TRUSTEE 0.50 X 0 0 0 WILLIAM A BURGESS TRUSTEE 0.50 X 0 0 0 ROBERT J DIKMAN TRUSTEE 0.50 X 0 0 0 MARK B GOODE TRUSTEE 0.50 X 0 0 0 MATTHEW LEGUEN DE LACROIX TRUSTEE 0.50 X 0 0 0 ROBERT HAMMOND EXECUTIVE DIRECTOR 1.90 40.00 X 0 258966 46060 ELIZABETH KOENST EXECUTIVE DIRECTOR, AS OF 04/21 1.90 40.00 X 0 155164 37828 CORRINE NOWAK DIRECTOR 20.00 20.00 X 0 79506 29512 0 493636 113400 0 0 1 0 0 348596 348596 93635 93635 557099 520932 36167 36167 36167 SCHOLARSHIP ADMIN FEES 561000 1039 1039 1039 479437 1039 0 129802 207583 207583 8040 8040 2352 2352 10000 10000 29010 3184 18510 7316 12565 1005 9501 2059 3574 282 2683 609 1168 1168 37910 37910 33277 33277 3973 3973 7284 2440 4844 847 847 463 463 80 74 6 2222 2222 NON-EVENT FUNDRAISING E 22767 22767 PR PRINTING MATERIALS 5000 5000 1342 1039 303 389457 223485 128371 37601 62125 50799 93080 137039 6000 6000 2442 3527 56569 48791 5000 7778 6129953 7306481 15408 15716 6314008 7527340 21084 16481 13085 19579 50140 12330 84309 48390 X 5624824 6855614 604875 623336 6229699 7478950 6314008 7527340 89980 1159271 0 X 0 1 X 1 0 X 358723 330304 373267 387983 348596 1798873 358723 330304 373267 387983 348596 1798873 32524 1766349 68520 73408 80924 87440 93635 403927 1387 1386 1393 1312 1039 6517 2209317 0.79950 0.78510 X SCHEDULE A, PART II, SECTION B, LINE 10: SCHOLARSHIP FUNDS' ADMINISTRATION FEES. THE FOUNDATION ASSESSES AN ANNUAL ADMINISTRATION FEE EQUAL TO 15% OF THE RESPECTIVE FUNDS' INVESTMENT INTEREST AS OF FISCAL YEAR-END FROM EACH OF THE MILDRED C. HANSON, SIOR MEMORIAL SCHOLARSHIP FUND; THE DAVID T. HOUSTON JR. SIOR MEMORIAL SCHOLARSHIP FUND. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56569 48791 7778 7778 DUE TO SIOR 12330 12330 X 1640040 1159271 34609 1193880 446160 33277 33277 479437 390789 34609 34609 356180 33277 33277 389457 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. DURING FISCAL YEARS 2021 AND 2020, THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN ACCRUED IN THESE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS, AND ITS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE FOUNDATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. 1 SIOR MINNESOTA CHAPTER 225 S 6TH STREET SUITE 4760 MINNEAPOLIS MN 55402 270683839 9000 N/A N/A TO SUPPORT THREE STUDENTS STUDYING AT TWO ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR HOUSTONGULF COAST CHAPTER 1233 WEST LOOP SOUTH SUITE 900 HOUSTON TX 77027 582667155 501(C)(6) 6000 N/A N/A TO SUPPORT THREE STUDENTS STUDYING AT AN ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR CAROLINAS CHAPTER 23 OAK BRANCH DR GREENSBORO NC 27407 561304185 501(C)(6) 18005 N/A N/A TO SUPPORT STUDENTS ENROLLED AT TWO ACCREDITED MRE PROGRAMS; TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS. SIOR ST LOUIS CHAPTER 7700 FORSYTH BLVD SUITE 900 ST LOUIS MO 63105 431389713 501(C)(6) 6000 N/A N/A TO SUPPORT THREE STUDENTS STUDYING AT AN ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR CONNECTICUT CHAPTER 103 MILL PLAIN RD DANBURY CT 06811 472479704 501(C)(6) 6000 N/A N/A TO SUPPORT FIVE STUDENTS STUDYING AT AN ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR PHILADELPHIA CHAPTER 500 NORTH 12TH ST LEMOYNE PA 17043 237182740 501(C)(6) 6000 N/A N/A TO SUPPORT THREE STUDENTS STUDYING AT THREE ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SOCIETY OF INDUSTRIAL AND OFFICE REALTORS 1201 NEW YORK AVENUE NW SUITE 350 WASHINGTON DC 20005 530184820 501(C)(6) 66000 N/A N/A TO SUPPORT INFORMATIVE ARTICLES ON TIMELY, RELEVANT TOPICS IN COMMERCIAL REAL ESTATE AND TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS. REAL ESTATE EXECUTIVE COUNCIL 330 N WABASH AVE 23RD FL CHICAGO IL 60611 830351380 501(C)(6) 25000 N/A N/A TO SUPPORT SUMMER ACADEMIC PROGRAM FOR UNDERSERVED AND DISADVANTAGED HIGH SCHOOL STUDENTS SIOR NORTH TEXAS CHAPTER 5950 BERKSHIRE LN SUITE 500 DALLAS TX 75225 472225107 501(C)(6) 8250 N/A N/A TO SUPPORT TEN STUDENTS STUDYING AT THREE ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. THE GOLDIE INITIATIVE 485 HALF DAY ROAD SUITE 350 BUFFALO GROVE IL 60089 474018659 501(C)(3) 15000 N/A N/A TO SUPPORT PROGRAM DEDICATED TO REDEFINING THE COMMERCIAL REAL ESTATE INDUSTRY BY ELEVATING AND ADVANCING THE CAREERS OF WOMEN WITH HIGH POTENTIAL. 1 SCHOLARSHIP 1 8000 40 CASH REGISTRATION FEE PART I, LINE 2: THE FOUNDATION REQUIRES EITHER AN APPLICATION FOR REIMBURSEMENT OF FUNDS AWARDED TO SCHOLARSHIP RECIPIENTS OR USED IN PROGRAM EXPENSES INCLUDING PROOF OF RECEIPTS, SCHOLARSHIP APPLICATIONS OR PROMOTIONAL MATERIALS, OR PLANS SHOWING DETERMINED AWARD RECIPIENTS, SCHOLARSHIP PROGRAM DETAILS, AND ANTICIPATED DATE OF AWARDS ANNOUNCEMENTS. THE FOUNDATION ALSO REQUIRES PROGRESS/STATUS REPORTS AND FINANCIAL REPORTS DURING AND AFTER PHASES OF GRANT DISTRIBUTION. ALL GRANTS INFORMATION IS SHARED WITH AND REVIEWED BY THE BOARD OF TRUSTEES SEMI-ANNUALLY. 0 0 0 0 0 0 0 0 0 ROBERT HAMMOND EXECUTIVE DIRECTOR 0 234121 0 23187 0 1658 0 22241 0 23819 0 305026 0 0 ELIZABETH KOENST EXECUTIVE DIRECTOR, AS OF 04/21 0 143640 0 11491 0 33 0 14364 0 23464 0 192992 0 0 PART I, LINE 3 THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION FOR THE PURPOSES OF DETERMINING COMPENSATION. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: EXECUTIVE COMMITTEE (IN LIEU OF A COMPENSATION COMMITTEE), WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD OR EXECUTIVE COMMITTEE. PART VII, SECTION A, LINE 1A: EMPLOYEES ARE SHARED WITH THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR (SIOR) AND THEREFORE, THE COMPENSATION IS PAID BY SIOR. SIOR DONATES HOURS FROM THE EXECUTIVE DIRECTOR; THEIR TIME IS CONSIDERED AS AN IN-KIND DONATION. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT, PRESIDENT-ELECT, FIRST VICE PRESIDENT, TREASURER, THE IMMEDIATE PAST PRESIDENT, AND THE CHAIRS OF THE REMAINING STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL BE CHAIRED BY THE PRESIDENT AND SHALL PERFORM THE DAY-TO-DAY MANAGEMENT OF THE CORPORATION AND SHALL FORMULATE POLICY TO PROPOSE FOR ACTION TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 2 DAVID B. HAGAN, BARBARA JOHNSON, J. PETER WHATMORE, RICHARD SLEASMAN WORK FOR THE SAME COMPANY. DANIEL J. DOHERTY, H. ALLEN GUMP, CHRISTOPHER KIRK, LYNN E. REICH, TERRY E. SMITH, MICHAEL FALK WORK FOR THE SAME COMPANY. AARON BARNARD, MIKE OHMES, DAVID SCHILLER WORK FOR THE SAME COMPANY. KRAIG HEETER, PATRICIA J. LOVEALL WORK FOR THE SAME COMPANY. CHRIS GARCIA, JESSE LAIKIN WORK FOR THE SAME COMPANY. GARRY BOBKE, ROBERT STANIFORTH, PETER HANSON AND WILLIAM HANSON WORK FOR THE SAME COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND TREASURER THEN PRESENTED TO ENTIRE BOARD TO REVIEW AND APPROVE BEFORE FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION ADOPTED A DOCUMENT RETENTION AND DESTRUCTION POLICY, A WHISTLEBLOWER POLICY, A CODE OF CONDUCT, AND A CONFLICT-OF-INTEREST POLICY. THESE ARE PRESENTED AND REVIEWED SEMI-ANNUALLY AT BOARD MEETINGS. ALL TRUSTEES AND OFFICERS RECEIVE ANNUALLY A CONFLICT OF INTEREST/STATEMENT OF DISCLOSURE AND CONFLICT OF INTEREST QUESTIONNAIRE THAT ALL ARE REQUIRED TO COMPLETE AND SUBMIT TO THE SIOR FOUNDATION OFFICE. THE DISCLOSURES ARE KEPT ON FILE AND USED TO MAKE REQUIRED DISCLOSURES ON THE FORM 990. FORM 990, PART VI, SECTION B, LINE 15 THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION FOR THE PURPOSES OF DETERMINING COMPENSATION. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: EXECUTIVE COMMITTEE (IN LIEU OF A COMPENSATION COMMITTEE), WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD OR EXECUTIVE COMMITTEE. THE PROCESS RECENTLY TOOK PLACE IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR 1201 NEW YORK AVENUE NW 350 WASHINGTON DC 20005 530184820 PROFESSIONAL ASSOCIATION DC 501(C)(6) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR B 66000 BOOK VALUE THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR M 34359 BOOK VALUE THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR O 55148 BOOK VALUE THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR Q 27487 BOOK VALUE THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR S 22123 BOOK VALUE