2025-06-24T07:55:50-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2023-09-01 520808480 SIOR FOUNDATION SIOR 2024498208 1307 NEW YORK AVENUE NW 703 WASHINGTON DC 20005 RICHARD SLEASMAN PRESIDENT 2024498208 2025-06-23 1 1 ROBERT WILLIAMS P01345960 5712279500 2025-06-13 2023 2025-03-06 01:10:19Z RICHARD SLEASMAN 1307 NEW YORK AVENUE NW 703 WASHINGTON DC 20005 2347668 0 X WWW.SIORFOUNDATION.ORG X 1962 IL PROMOTE & SUPPORT INITIATIVES THAT EDUCATE, ENHANCE & EXPAND THE COMMERCIAL REAL ESTATE COMMUNITY. 41 41 0 45 0 0 476906 420924 0 0 184706 374989 1650 1791 663262 797704 306073 390431 0 0 124244 137326 0 0 52278 137261 194286 567578 722043 95684 75661 7222078 8093809 116717 188309 7105361 7905500 X PROMOTE AND SUPPORT INITIATIVES THAT EDUCATE, ENHANCE AND EXPAND THE COMMERCIAL REAL ESTATE COMMUNITY. 0 0 225087 223600 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. 81588 79188 SIOR CHAPTER MATCHING SCHOLARSHIP PROGRAM: TO ENCOURAGE AND ASSIST THE BEST AND BRIGHTEST STUDENTS STUDYING COMMERCIAL REAL ESTATE. SUPPORTED 16 SIOR CHAPTERS IN THE U.S. AND CANADA IN SUPPORTING 60+ STUDENTS AT 32 EDUCATIONAL INSTITUTIONS. 42284 42284 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 6 SIOR CHAPTERS AND 4 REGIONS AROUND THE U.S., CANADA, & EUROPE TO PROVIDE 10 COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMS WITH LEADING INDUSTRY EXPERT SPEAKERS THAT IMPACTED OVER 2,000 COMMERCIAL REAL ESTATE PROFESSIONALS AND STUDENTS. 17412 16000 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. 5379 5000 DAVID T. HOUSTON, JR. SIOR MEMORIAL SCHOLARSHIP PROGRAM: TO ENCOURAGE, PROMOTE, AND SUPPORT ADULT CONTINUING EDUCATION IN COMMERCIAL REAL ESTATE. 22207 11038 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. 44998 32038 393957 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 41 41 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA IL X CORRINE NOWAK 2024498208 1307 NEW YORK AVE STE 703 WASHINGTON DC 20005 ALBERT M MCNEEL IMMEDIATE PAST PRESIDENT 1.00 X X 0 0 0 RICHARD SLEASMAN PRESIDENT 1.00 X X 0 0 0 BARBARA JOHNSON PRESIDENT-ELECT, CHAIR 1.00 X X 0 0 0 STAN KLEWENO TREASURER 1.00 X X 0 0 0 THEODORE KONIGSBERG VICE PRESIDENT, CHAIR GRANT & S'SHIP 1.00 X X 0 0 0 PETER O HANSON CHAIR - ADVISORY COMMITTEE 1.00 X 0 0 0 AARON BARNARD PAST PRESIDENT 0.50 X 0 0 0 BILL GINDER PAST PRESIDENT 0.50 X 0 0 0 CHRISTOPHER CURTIS PAST PRESIDENT 0.50 X 0 0 0 DAVID HAGAN PAST PRESIDENT 0.50 X 0 0 0 ALLEN GUMP PAST PRESIDENT 0.50 X 0 0 0 J PETER WHATMORE PAST PRESIDENT 0.50 X 0 0 0 JOSEPH V BARNA PAST PRESIDENT 0.50 X 0 0 0 KEVIN CROWLEY PAST PRESIDENT 0.50 X 0 0 0 LYNN REICH PAST PRESIDENT 0.50 X 0 0 0 RANDALL WALKER PAST PRESIDENT 0.50 X 0 0 0 ROBERT STANIFORTH PAST PRESIDENT 0.50 X 0 0 0 THOMAS MCCORMICK PAST PRESIDENT 0.50 X 0 0 0 MIKE OHMES PAST PRESIDENT 1.50 X 0 0 0 ADRIAN ARRIAGA TRUSTEE 0.50 X 0 0 0 CHRISTOPHER GARCIA TRUSTEE 0.50 X 0 0 0 JACK O'DONOGHUE TRUSTEE 0.50 X 0 0 0 JOHN BARKER JR TRUSTEE 0.50 X 0 0 0 KRAIG HEETER CHAIR FUNDRAISING 0.50 X 0 0 0 MARK GOODE TRUSTEE 0.50 X 0 0 0 MATTHEW LEGUEN DE LACROIX TRUSTEE 0.50 X 0 0 0 MATTHEW OLSEN TRUSTEE 0.50 X 0 0 0 MICHAEL CAPOBIANCO TRUSTEE 0.50 X 0 0 0 MICHAEL FALK 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 ROBERT DIKMAN TRUSTEE 0.50 X 0 0 0 TERRY SMITH TRUSTEE 0.50 X 0 0 0 WILLIAM BURGESS TRUSTEE 0.50 X 0 0 0 WILLIAM HANSON TRUSTEE 0.50 X 0 0 0 J ANDREW MILLS TRUSTEE 0.50 X 0 0 0 MARK J DUCLOS TRUSTEE 0.50 X 0 0 0 TRIMBLE GREEN TRUSTEE 0.50 X 0 0 0 JOHN M ADAMS III TRUSTEE 0.50 X 0 0 0 DANIEL PALMERI TRUSTEE 0.50 X 0 0 0 JEFF WILKE TRUSTEE 0.50 X 0 0 0 CORRINE NOWAK DIRECTOR 37.50 X 95465 0 11505 95465 0 11505 0 0 0 1 THE SOCIETY OF INDUSTRIAL AND OFFICE REA 1307 NEW YORK AVE NW 703 WASHINGTON DC 20005 MANAGEMENT SERVICES 101761 1 420924 420924 140577 140577 1784376 1549964 234412 234412 234412 SCHOLARSHIP ADMIN FEES 561000 1791 1791 1791 797704 1791 0 374989 331949 331949 16000 16000 42482 42482 137326 3526 118647 15153 20000 20000 51462 51462 37585 37585 19400 19400 14416 7894 6522 6688 6688 5017 5017 12763 7228 5535 1111 1111 NONEVENT FUNDRAISING EX 25068 25068 776 776 722043 393957 275808 52278 35009 80441 474582 395835 5000 6795 6680 56569 56569 1111 0 6681898 7593689 17683 17164 7222078 8093809 18525 19434 61726 103806 36466 65069 116717 188309 X 6476153 7271760 629208 633740 7105361 7905500 7222078 8093809 75661 724478 0 X 0 1 X 1 0 X 387983 348596 485564 476906 420924 2119973 387983 348596 485564 476906 420924 2119973 84312 2035661 87440 93635 105325 122135 140577 549112 2669085 7277 0.76270 0.78220 X SCHEDULE A, PART II, SECTION B, LINE 12: 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 56569 0 0 DUE TO SIOR 65069 65069 X 1491784 724478 7187 731665 760119 37585 37585 797704 691645 7187 7187 684458 37585 37585 722043 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 2024 AND 2023, 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 EUROPE 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS LOCATED IN THE REGION 38017 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS GRANTS TO RECIPIENTS LOCATED IN THE REGION 4465 0 0 0 0 0 0 42482 0 42482 EUROPE SUPPORT FOR INTERNATIONAL CONFERENCE PROGRAMMING 15375 WIRE TRANSFER 0 N/A N/A EUROPE SUPPORT FOR SEMINAR PROGRAM, SUPPORT FOR STUDENTS ATTENDING CONFERENCES 6022 WIRE TRANSFER 0 N/A N/A EUROPE PROVIDE SUPPORT FOR CREATION OF REAL ESTATE PROGRAM 10600 WIRE TRANSFER 0 N/A N/A 0 3 0 0 0 0 0 0 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. 1 SIOR ARIZONA CHAPTER 2390 E CAMELBACK RD STE 100 PHOENIX AZ 85016 471826078 501C(6) 6000 0 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 501C(6) 12122 0 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; TO SUPPORT SEVEN STUDENTS' ATTENDANCE AT INDUSTRY RELATED EVENTS SIOR CHICAGO CHAPTER 401 W ST CHARLES ROAD LOMBARD IL 60148 311725163 501C(6) 6000 0 N/A N/A TO SUPPORT FOUR STUDENTS STUDYING AT THREE ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR CONNECTICUT CHAPTER 103 MILL PLAIN RD DANBURY CT 06811 472479704 501C(6) 7456 0 N/A N/A TO SUPPORT FOUR STUDENTS STUDYING AT AN ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES; TO SUPPORT TWO STUDENTS' ATTENDANCE AT INDUSTRY RELATED EVENTS SIOR INLAND EMPIREORANGE CO CHAPTER 25241 PASEO DE ALICIA STE 120 LAGUNA HILLS CA 92653 330296728 501C(6) 8000 0 N/A N/A TO SUPPORT TWO STUDENTS STUDYING AT TWO ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS. SIOR MINNESOTA CHAPTER 225 S 6TH ST STE 4760 MINNEAPOLIS MN 55402 270683839 501C(6) 9000 0 N/A N/A TO SUPPORT SIX STUDENTS STUDYING AT TWO ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR NORTH TEXAS CHAPTER 5950 BERKSHIRE LN STE 500 DALLAS TX 75225 472225107 501C(6) 10000 0 N/A N/A TO SUPPORT EIGHT STUDENTS STUDYING AT FOUR ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR PHILADELPHIA CHAPTER 500 NORTH 12TH ST LEMOYNE PA 17043 237182740 501C(6) 8000 0 N/A N/A TO SUPPORT FOUR STUDENTS STUDYING AT FOUR ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. SIOR ST LOUIS CHAPTER 7700 FORSYTH BLVD STE 900 ST LOUIS MO 63105 431389713 501C(6) 6500 0 N/A N/A TO SUPPORT TWO STUDENTS STUDYING AT TWO ACCREDITED UNIVERSITIES IN REAL ESTATE RELATED DEGREES. TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS SOCIETY OF INDUSTRIAL AND OFFICE REALTORS 1307 NEW YORK AVE NW STE 703 WASHINGTON DC 20005 530184820 501C(6) 118000 0 N/A N/A TO SUPPORT INFORMATIVE ARTICLES ON TIMELY, RELEVANT TOPICS IN COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS. TO SUPPORT COMMERCIAL REAL ESTATE EDUCATIONAL PROGRAMMING THAT INCLUDED SPEAKERS FROM THE COMMERCIAL REAL ESTATE INDUSTRY ON CURRENT INDUSTRY AND ECONOMIC TRENDS. THE GOLDIE INITIATIVE 485 HALF DAY RD STE 350 BUFFALO GROVE IL 60089 474018659 501C(3) 7500 0 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. THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA PO BOX 870136 TUSCALOOSA AL 35487 636001138 501C(3) 25000 0 N/A N/A TO SUPPORT PROGRAM THAT EMPOWERS OVER 100,000 MEMBERS OF UNDERREPRESENTED GROUPS IN THE FIELD OF REAL ESTATE BY 2032 BY PARTNERING WITH INDUSTRY TO DELIVER CREDENTIAL-BASED ENTRY LEVEL WORKFORCE DEVELOPMENT PROGRAMS. PORTLAND STATE UNIVERSITY FOUNDATION PO BOX 243 PORTLAND OR 97207 930619733 501C(3) 45000 0 N/A N/A TO HELP ESTABLISH ENDOWED SCHOLARSHIP FOR STUDENTS ENGAGED IN REAL ESTATE STUDIES CREI EVENTS LLC 4640 BRUNNING COURT DUNWOODY GA 30338 862143548 8500 0 N/A N/A TO SUPPORT INDUSTRY PROGRAM AND EXCHANGE OF IDEAS BY LEADING PRACTITIONERS REAL ESTATE EXECUTIVE COUNCIL 330 N WABASH AVE 23RD FL CHICAGO IL 60611 830351380 501C(6) 50000 0 N/A N/A TO SUPPORT SUMMER ACADEMIC PROGRAM FOR UNDERSERVED AND DISADVANTAGED HIGH SCHOOL STUDENTS 3 12 SCHOLARSHIPS 2 16000 N/A N/A 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. X X X 0 0 0 0 0 0 0 0 0 PART VII, SECTION A, LINE 1 COMPENSATION FOR CORRINE NOWAK, DIRECTOR, IS THROUGH THE UNRELATED ORGANIZATION, SOCIETY OF INDUSTRIAL & OFFICE REALTORS, SIOR. FORM 990, PART VI, SECTION A, LINE 1A EMERITUS PRESIDENTS MAY NOT VOTE ON ISSUES. MATTHEW LEGUEN DE LACROIX MAY NOT VOTE ON ISSUES THAT INVOLVE SIOR. 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 JOHN M. ADAMS, DAVID B. HAGAN, BARBARA JOHNSON, DANIEL PALMERI, J. PETER WHATMORE, RICHARD SLEASMAN - BUSINESS RELATIONSHIP H. ALLEN GUMP, LYNN E. REICH, TERRY E. SMITH, MICHAEL FALK - BUSINESS RELATIONSHIP AARON BARNARD, JACK O'DONOGHUE, MIKE OHMES - BUSINESS RELATIONSHIP ROBERT J. STANIFORTH, KEVIN J. CROWLEY, WILLIAM HANSON, PETER O. HANSON, TRIMBLE GREEN, JEFF WILKE - BUSINESS RELATIONSHIP PETER O. HANSON AND WILLIAM HANSON - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 3 PROFESSIONAL SERVICES AND STAFFING. SIOR SHALL PROVIDE SIOR FOUNDATION WITH THE SERVICES OF SOME OR ALL OF ITS EMPLOYEES AS MAY BE REASONABLY REQUIRED BY SIOR FOUNDATION FROM TIME TO TIME AND AS AGREED TO BY THE PARTIES. ON BEHALF OF THE SIOR FOUNDATION, SIOR WILL ENGAGE ITS EXECUTIVE LEADERSHIP TEAM TO SERVE AS EXECUTIVE SUPPORT TO THE SIOR FOUNDATION AND TO BE RESPONSIBLE FOR MANAGING THE SIOR FOUNDATION STAFF PURSUANT TO THE TERMS OF AN EMPLOYMENT AGREEMENT. THE EXECUTIVE LEADERSHIP TEAM AT SIOR WILL CONSIST OF THE CEO, COO AND CFO. HOWEVER, ACCOUNTING SERVICES OR FINANCIAL SUPPORT ARE NOT A PART OF THIS AGREEMENT. THE DESIGNATED SIOR FOUNDATION STAFF PERSON(S) WILL BE A DIRECT EMPLOYEE(S) OF THE SIOR FOUNDATION. THE SIOR FOUNDATION WILL ESTABLISH AND REIMBURSE SIOR ONE HUNDRED PERCENT (100%) OF SALARY, BONUSES AND TAXES OF THE STAFF PERSON(S) OF THE SIOR FOUNDATION. THIS REIMBURSEMENT FOR SALARY, BONUSES, AND TAXES OF STAFF, SHALL BE IN ADDITION TO THE FIXED MONTHLY MANAGEMENT FEE. SIOR WILL CONTINUE TO ADMINISTER PAYROLL AS A SERVICE AND PART OF THIS AGREEMENT THROUGH NAR. FURTHER, SIOR AS PART OF THE MANAGEMENT FEE WILL INCUR ANY MANAGEMENT COST ASSOCIATED WITH THE EXECUTION AND MANAGEMENT OF THE ESTABLISHED POSITION. HOWEVER, HIRING, RECUSAL, OR TERMINATION OF ANY SIOR FOUNDATION STAFF PERSON(S) DIRECTLY BY THE SIOR FOUNDATION WILL BE MAINTAINED BY THE SIOR FOUNDATION LEADERSHIP AND PURSUANT TO THE EMPLOYMENT AGREEMENT WITH SAID STAFF PERSON(S). FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS AND DISTRIBUTES THE DRAFT FORM 990 AND SUPPORTING SCHEDULES TO THE EXECUTIVE COMMITTEE FOR REVIEW, COMMENT, AND CORRECTIONS. THE FINAL DRAFT WILL BE DISTRIBUTED TO THE FOUNDATION BOARD OF TRUSTEES FOR REVIEW AND COMMENT UP TO ONE WEEK PRIOR TO FILING WITH THE 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 15A THE FILING ORGANIZATION RELIED ON A UNRELATED ORGANIZATION FOR THE PURPOSES OF DETERMINING COMPENSATION. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES TO ESTABLISH COMPENSATION OF THE FOUNDATION DIRECTOR: EXECUTIVE COMMITTEE (IN LIEU OF A COMPENSATION COMMITTEE), COMPENSATION SURVEY OR STUDY, AND APPROVAL BY BOARD OR EXECUTIVE COMMITTEE. EMPLOYEES ARE SHARED WITH THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS OF THE NAR (SIOR) AND THEREFORE, THE COMPENSATION IS PAID BY SIOR. 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.