THE CHICAGO ASSOCIATION OF REALTORS INC: Form 990, tax year 2023
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- Organization
- THE CHICAGO ASSOCIATION OF REALTORS INC (EIN 36-0904580)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-08-12
- IRS object ID
- 202502249349302800
- Schema version
- 2023v6.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-08-12T16:18:08+00:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 13th St NW Suite 852 | AddressLine1Txt |
| City | Washington | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 360904580 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chicago Association of REALTORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHIC | BusinessNameControlTxt |
| Phone | 3128034900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 430 N Michigan Ave 800 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Robert P Schmidt CPA MBA | PersonNm |
| Person Title | Senior Vice President - Finance | PersonTitleTxt |
| Signature | 2025-08-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steve Lenivy | PreparerPersonNm |
| PTIN | P01635350 | PTIN |
| Phone | 2026245555 | PhoneNum |
| Preparation | 2025-08-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHELLE MILLS CLEMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 430 N Michigan Ave 800 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,857,103 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.CHICAGOREALTOR.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1883 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | TO UNITE THE REAL ESTATE INDUSTRY IN CHICAGO THROUGH EDUCATION AND RESEARCH. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 45 | TotalEmployeeCnt |
| Total Volunteers | 350 | TotalVolunteersCnt |
| Total Gross UBI | $57,409 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $34,894 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $53,670 | PYContributionsGrantsAmt |
| CY Contributions Grants | $119,983 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,774,263 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,964,668 | CYProgramServiceRevenueAmt |
| PY Investment Income | $405,477 | PYInvestmentIncomeAmt |
| CY Investment Income | $190,056 | CYInvestmentIncomeAmt |
| PY Other Revenue | $203,402 | PYOtherRevenueAmt |
| CY Other Revenue | $204,588 | CYOtherRevenueAmt |
| PY Total Revenue | $8,436,812 | PYTotalRevenueAmt |
| CY Total Revenue | $8,479,295 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $79,850 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $98,765 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,039,777 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,511,078 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,298,149 | PYOtherExpensesAmt |
| CY Other Expenses | $4,403,644 | CYOtherExpensesAmt |
| PY Total Expenses | $9,417,776 | PYTotalExpensesAmt |
| CY Total Expenses | $9,013,487 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$980,964 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$534,192 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,179,424 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,480,304 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,369,150 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,847,965 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,810,274 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,632,339 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE CHICAGO ASSOCIATION OF REALTORS, THE "VOICE FOR REAL ESTATE" IN CHICAGO, REPRESENTS 17,400 MEMBERS FROM ALL REAL ESTATE SPECIALTIES, INCLUDING COMMERCIAL SALES, DEVELOPMENT, PROPERTY MANAGEMENT, APPRAISALS, AUCTIONS, AND RESIDENTIAL SALES, WITH EVENTS AND SERVICES TO PROMOTE UNITY AMONG MEMBERS, EDUCATION, AND RESEARCH. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | MEMBER EVENTS: UNITE THOSE ENGAGED IN THE REAL ESTATE BUSINESS; ORGANIZED TO PROMOTE AND PROTECT THE INTERESTS OF MEMBERS AND OTHER PERSONS ENGAGED IN REAL ESTATE TRANSACTIONS AND PROPERTY MANAGEMENT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER SERVICES: RESEARCH PROGRAMS, WHICH COMPILE RELIABLE DATA CONCERNING REAL ESTATE, ITS TRENDS, AND MARKET CONDITIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER DEVELOPMENT: PROVIDE REAL ESTATE EDUCATIONAL FACILITIES FOR MEMBERS AND, WHEN PRACTICAL, FOR NON-MEMBERS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 62 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 45 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Robert P Schmidt | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3128034900 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 430 N Michigan Ave Suite 800 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Drussy Ruth Hernandez | ||||||||
| President (partial year) | 2.0 | 0 | Yes (X) | Yes (X) | $7,500 | $0 | $0 | |
| Erika Vilegas | ||||||||
| President (partial Year) | 2.0 | 0.2 | Yes (X) | Yes (X) | $6,000 | $0 | $0 | |
| Lutalo McGee | ||||||||
| President-Elect (partial year) | 1.0 | 0.2 | Yes (X) | Yes (X) | $1,500 | $0 | $0 | |
| Sarah Ware | ||||||||
| Treasurer (partial year) | 3.0 | 0 | Yes (X) | Yes (X) | $9,000 | $0 | $0 | |
| Amy Wu | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Ayoub Rabah | ||||||||
| Director (partial year) | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Deanous Reed | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Erik Schwab | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Gaspar Flores Jr | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| John Kmiecik | ||||||||
| Director (partial year) | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Linda Hattar | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Linda Scott | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Lyle Harlow | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Mabel Guzman | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Marki Lemons Ryhal | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Martin Walsh | ||||||||
| Director (partial year) | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Megan Oswald | ||||||||
| Director | 1.0 | 0.3 | Yes (X) | $0 | $0 | $0 | ||
| Moses Hall | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Rachel Scheid | ||||||||
| Director | 1.0 | 0.2 | Yes (X) | $0 | $0 | $0 | ||
| Rafael Alvarado | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Staci Slattery | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Victoria Silvano | ||||||||
| Director | 1.0 | 0 | Yes (X) | $0 | $0 | $0 | ||
| Jessica Kern | ||||||||
| Chief Communications Officer | 45.0 | 0 | Yes (X) | $227,182 | $0 | $17,083 | ||
| Michelle Mills Clement | ||||||||
| CEO | 51.0 | 0.5 | Yes (X) | $476,741 | $0 | $40,393 | ||
| Robert Schmidt | ||||||||
| CFO | 46.0 | 0.5 | Yes (X) | $226,468 | $0 | $15,723 | ||
| Zachariah Wahlquist | ||||||||
| COO | 40.0 | 0 | Yes (X) | $249,821 | $0 | $18,079 | ||
| Brent Dornbos | ||||||||
| Sr Director of Events | 45.0 | 0 | $126,794 | $0 | $16,575 | Yes (X) | ||
| Dave Naso | ||||||||
| VP of Membership | 40.0 | 0 | $167,750 | $0 | $6,959 | Yes (X) | ||
| Donald Coleman | ||||||||
| Director of IT | 41.0 | 0 | $185,170 | $0 | $5,307 | Yes (X) | ||
| Jacob Knabb | ||||||||
| Director Commercial Services | 40.0 | 0 | $128,128 | $0 | $12,711 | Yes (X) | ||
| Jakeeva Lee | ||||||||
| Director of Diversity | 50.0 | 0 | $149,282 | $0 | $12,544 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,961,336 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $145,374 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CDW Direct | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 75723 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60675 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Information Technology | ServicesDesc |
| Compensation | $106,912 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $7,500 | RelatedOrganizationsAmt |
| All Other Contributions | $112,483 | AllOtherContributionsAmt |
| Total Contributions | $119,983 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 531390 | $5,687,349 | $5,687,349 |
| MEMBER PROFESSIONAL DEVELOPMENT | 611600 | $1,062,876 | $1,062,876 |
| MEMBER FEES | 531390 | $990,644 | $990,644 |
| MEMBER EVENTS | 531390 | $223,799 | $223,799 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,964,668 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $189,684 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $33,557 | UnrelatedBusinessRevenueAmt |
| Exclusion | $156,127 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,808 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $19,602 | UnrelatedBusinessRevenueAmt |
| Exclusion | $77,206 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $13,180 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $13,180 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,180 | TotalRevenueColumnAmt |
| Exclusion | $13,180 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,313,184 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,300,170 | SecuritiesAmt |
| Other | $12,642 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $13,014 | SecuritiesAmt |
| Other | -$12,642 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $372 | TotalRevenueColumnAmt |
| Exclusion | $372 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $100,980 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $64,996 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $35,984 | TotalRevenueColumnAmt |
| Exclusion | $35,984 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| ADMINISTRATIVE FEES FROM RELATED ORGANIZATION | 900099 | $48,480 | $48,480 | $0 | $0 |
| Miscellaneous Revenue | 900099 | $5,886 | $0 | $0 | $5,886 |
| Advertising | 541800 | $4,250 | $0 | $4,250 | $0 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $58,616 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,479,295 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,013,148 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $57,409 | UnrelatedBusinessRevenueAmt |
| Exclusion | $288,755 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,765 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,334,632 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,570,869 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,151 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $249,776 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,650 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,728 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,048 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,232 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $311,007 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,389 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $904,420 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,589 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,508 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $513,597 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,868 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| member events and services | $711,514 |
| association governance & government affairs | $384,609 |
| member promotion and professional development | $175,647 |
| Staff training | $132,040 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,448 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,013,487 | TotalAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,050,496 | BOYAmt |
| EOY | $1,546,193 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,038 | BOYAmt |
| EOY | $41,472 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,541 | BOYAmt |
| EOY | $12,685 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $226,667 | BOYAmt |
| EOY | $155,776 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,484,354 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,982,373 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,877,687 | BOYAmt |
| EOY | $1,501,981 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,418,801 | BOYAmt |
| EOY | $2,842,473 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,478,194 | BOYAmt |
| EOY | $1,379,724 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,179,424 | BOYAmt |
| EOY | $7,480,304 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $866,747 | BOYAmt |
| EOY | $612,446 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,895,202 | BOYAmt |
| EOY | $2,925,045 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,607,201 | BOYAmt |
| EOY | $1,310,474 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,369,150 | BOYAmt |
| EOY | $4,847,965 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,810,274 | BOYAmt |
| EOY | $2,632,339 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,810,274 | BOYAmt |
| EOY | $2,632,339 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,179,424 | BOYAmt |
| EOY | $7,480,304 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$534,192 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $356,257 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $0 | PoliticalExpendituresAmt |
| Volunteer Hours | 0 | VolunteerHoursCnt |
| Expended527 Activities | $0 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $10,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $10,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REALTORS POLITICAL ACTION COMMITTEE OF ILLINOIS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 522 S FIFTH STREET | AddressLine1Txt |
| City | SPRINGFIELD | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 62701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 370951209 | EIN |
| Paid Internal Funds | $10,000 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $0 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
| Dues Assessments | $5,687,349 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl Tot | $0 | NonDeductibleLbbyngPltclTotAmt |
| Taxable | $0 | TaxableAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,022,245 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,193,213 | DepreciationAmt |
| Book Value | $829,032 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,462,109 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,789,160 | DepreciationAmt |
| Book Value | $672,949 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,501,981 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM AFFILIATE - NIREIN | $662,633 |
| RIGHT TO USE OFFICE SPACE | $486,778 |
| RIGHT TO USE OFFICE EQUIPMENT | $230,313 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,379,724 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUES PAYABLE TO NATIONAL AND STATE ASSOCIATIONS | $118,554 |
| LEASE LIABILITY FOR OFFICE SPACE | $1,191,920 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,310,474 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,881,113 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $356,257 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $64,996 | OtherRevenueAmt |
| Revenue Not Reported | $421,253 | RevenueNotReportedAmt |
| Revenue Subtotal | $8,459,860 | RevenueSubtotalAmt |
| Other Revenues Not Included | $19,435 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $19,435 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $8,479,295 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,059,048 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $64,996 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $64,996 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,994,052 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $19,435 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $19,435 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,013,487 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | Because of the nature of its primary purpose, CAR has been determined by the Internal Revenue Service to be exempt from federal income tax under the provision of Section 501(c)(6) of the Internal Revenue Code, except to the extent of any unrelated business income. CAR had unrelated business income from advertising revenue and imputed interest in 2024 and 2023. The tax returns for the organization for the years ended September 30, 2021 through 2023 are open years for purposes of any future IRS or Illinois Department of Revenue examinations. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | Cost of Goods Sold - 64996 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | Contribution to Related Organization (CAREF) - 19435 |
| Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 | Cost of Goods Sold - 64996 |
| Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements | CONTRIBUTION TO RELATED ORGANIZATION (CAREF) - 19435 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| National Association of Realtors | |||||||||||
| 430 N Michigan Avenue | Chicago | IL | 60611 | 361520690 | 501(c)(6) | $7,830 | Sponsor IOI Event | ||||
| Realtors Political Action Committee of Illinois | |||||||||||
| 522 S Fifth Street | Springfield | IL | 62794 | 370951209 | 527 | $4,100 | Corporate contribution for advancement of Realtor interests at State & National levels | $5,900 | FMV | Purchase auction items | |
| Illinois Realtors | |||||||||||
| PO Box 19451 | Springfield | IL | 62794 | 370644545 | 501(c)(6) | $16,500 | Inaugural Gala Premier Sponsor | ||||
| Asian Real Estate Association of America | |||||||||||
| 2333 CAMINO DEL RIO South | SAN DIEGO | CA | 92108 | 200503852 | 501(c)(6) | $20,000 | Sponsor Annual Convention | Suite 210 | |||
| NATIONAL PUBLIC HOUSING MUSEUM | |||||||||||
| 625 KINGSBURY STREET | Chicago | IL | 60654 | 510649843 | 501(c)(3) | $25,000 | HOOPS Project Sponsorship | ||||
| Chicago Association of Realtors Educational Foundation | |||||||||||
| 430 N Michigan Avenue | Chicago | IL | 60611 | 363746120 | 501(c)(3) | $19,435 | Real Estate Education, Fighting homelessness, & other charitable endeavors | 8th Floor | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 4 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds | FormAndLineReferenceDesc |
| Explanation | A REPRESENTATIVE OF THE ORGANIZATION IS IN CLOSE CONTACT THROUGHOUT THE YEAR WITH ORGANIZATIONS TO WHICH FINANCIAL ASSISTANCE IS PROVIDED TO ENSURE FUNDS ARE USED FOR THEIR INTENDED PURPOSE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jessica Kern | ||||||||||||||
| Chief Communications Officer | $196,450 | $0 | $10,000 | $0 | $20,732 | $0 | $8,642 | $0 | $8,441 | $0 | $244,265 | $0 | $0 | $0 |
| Michelle Mills Clement | ||||||||||||||
| CEO | $357,755 | $0 | $82,050 | $0 | $36,936 | $0 | $12,375 | $0 | $28,018 | $0 | $517,134 | $0 | $0 | $0 |
| Robert Schmidt | ||||||||||||||
| CFO | $199,992 | $0 | $10,000 | $0 | $16,476 | $0 | $8,674 | $0 | $7,049 | $0 | $242,191 | $0 | $0 | $0 |
| Zachariah Wahlquist | ||||||||||||||
| COO | $234,734 | $0 | $10,000 | $0 | $5,087 | $0 | $9,619 | $0 | $8,460 | $0 | $267,900 | $0 | $0 | $0 |
| Donald Coleman | ||||||||||||||
| Director of IT | $99,462 | $0 | $0 | $0 | $85,708 | $0 | $4,729 | $0 | $578 | $0 | $190,477 | $0 | $0 | $0 |
| Jakeeva Lee | ||||||||||||||
| Director of Diversity | $125,067 | $0 | $3,500 | $0 | $20,715 | $0 | $5,632 | $0 | $6,912 | $0 | $161,826 | $0 | $0 | $0 |
| Dave Naso | ||||||||||||||
| VP of Membership | $157,800 | $0 | $7,000 | $0 | $2,950 | $0 | $6,331 | $0 | $628 | $0 | $174,709 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a Travel for companions | The CEO is allowed a travel allowance of up to $3,500 per year for the purpose of allowing her spouse or family member to attend employer related out of town events. This is not treated as taxable compensation. |
| Schedule J, Part I, Line 4a Severance or change-of-control payment | Don Coleman: $69,300 Jacob Knabb: $52,300 Both individuals were terminated as part of a restructuring/cost reduction plan. Both individuals signed separation agreements. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | Michelle Mills Clement (CEO) participated in the 457b plan that was established. She contributed $3,853 in calendar year 2023. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 15b PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES | Compensation for the organization's top financial official is determined by the CEO after reviewing the Annual Chicagoland Association Forum Compensation & Benefits Survey Booklet, salary.com and payscale.com. The location (city of Chicago), the revenues ($5-10M), and the staff size (21-50) are the factors utilized. The target is to be within the 25th to 75th percentile. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | Each member of the Executive Committee shall be a member of the board of directors. The purpose of the Executive Committee is to make policy recommendations for Board approval and is empowered to act on behalf of the board between meetings, including ratification of Professional Standards cases. Except as specifically authorized by the Board of Directors by resolution duly adopted, no committee or work group shall have any authority to amend, alter or, repeal the bylaws; elect, appoint or, remove any member of any committee or any director or officer of CAR; amend the articles of incorporation; adopt a plan of consolidation with another corporation; authorize the sale, lease, or exchange of any of the property or assets of CAR; authorize the voluntary dissolution of CAR; or amend, alter or, repeal any resolution of the Board of Directors. The designation and appointment of any committee or work group and the delegation to that committee or work group of authority shall not operate to relieve the Board of Directors or any individual director of any responsibility imposed upon it or any individual director by law. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | THERE ARE EIGHT CATEGORIES OF MEMBERS AUTHORIZED IN THE ORGANIZATION'S BYLAWS, AS FOLLOWS: 1. REALTOR Members. a. Individuals who, as sole proprietors, partners, corporate officers, or branch office managers, are engaged actively in the real estate profession, including buying, selling, exchanging, renting or leasing, managing, appraising for others for compensation, counseling, building, developing or subdividing real estate, and who maintain or are associated with an established real estate office in the State of Illinois or a state contiguous thereto. All persons who are partners in a partnership, or all officers in a corporation who are actively engaged in the real estate profession within the state or a state contiguous thereto shall qualify for REALTOR membership only, and each is required to hold REALTOR membership (except as provided in the following paragraph) in an association of REALTORS within the state or a state contiguous thereto, unless otherwise qualified for Institute Affiliate membership. b. In the case of a real estate firm, partnership, or corporation, whose business activity is substantially all commercial, only those principals actively engaged in the real estate business in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR membership, shall be required to hold REALTOR membership unless otherwise qualified for Institute Affiliate membership. c. Individuals who are engaged in the real estate profession other than as sole proprietors, partners, corporate officers, or branch office managers and are associated with a REALTOR Member and meet the qualifications. REALTOR Members may be: - A Primary REALTOR Members has selected CAR as its "Primary" Association. - A Secondary REALTOR Members has not not selected CAR as its "Primary" Association. - A Designated REALTOR Members is a sole proprietor, partner, corporate officer, or branch office manager acting on behalf of the firm's principal(s), who has been designated in writing to be responsible for all duties and obligations of membership. 2 Franchise REALTOR Members. Corporate officers (who may be licensed or unlicensed) of a real estate brokerage franchise organization with at least one hundred fifty (150) franchisees located within the United States, its insular possessions and the commonwealth of Puerto Rico, elected to membership pursuant to the provisions in the NAR Constitution and Bylaws. Such individuals shall enjoy all of the rights, privileges, and obligations of REALTOR membership (including compliance with the Code of Ethics) except: obligations related to association-mandated education, meeting attendance, or indoctrination classes or other similar requirements; the right to use the term REALTOR in connection with their franchise organization's name; and the right to hold elective office in the local association, state association, and NAR. 3. Institute Affiliate Members. Institute Affiliate Members shall be (a) individuals who hold a professional designation awarded by an Institute, Society, or Council affiliated with NAR that addresses a specialty area other than residential brokerage, or (b) individuals who otherwise hold a class of membership in such Institute, Society, or Council that confers the right to hold office. Any such individual, if otherwise eligible, may elect to be a REALTOR Member, subject to payment of applicable dues. 4. Affiliate Members. Affiliate Members shall be individuals, firms, or corporations, wherever residing or located, who, while not engaged in the real estate profession as described in Paragraph 6.1.A or Section 6.5 of these Bylaws, have interests requiring information concerning real estate, and who share and are in sympathy with the objectives of CAR. Affiliate Members shall not be entitled to vote, to hold office, use the term REALTOR or be a Participant or Subscriber in CAR / MLS (MRED); except as provided under Article XVIII of these Bylaws. 5. Honorary Members. Honorary Members shall be individuals who are not engaged in the real estate profession but who have performed notable service for the real estate profession, for CAR, or for the public. Honorary Members shall not be entitled to vote, to hold office, or to use the term REALTOR. 6. Honorary Life Members. Honorary Life Members shall be (a) the past presidents of CAR or any of its predecessor entities, (b) individuals holding membership for a total of 40 years or more in CAR or any of its predecessor entities, and (c) such other Member regardless of classification or term of membership, who has, pursuant to a duly adopted resolution of the Board of Directors, been granted an exemption from CAR dues, excepting those amounts as shall from time to time constitute the portion of CAR dues to NAR and IR imposed on CAR for such Member's membership in CAR and the Designated REALTOR dues formula. Honorary Life Members shall be entitled to vote and to hold office if prior to becoming an Honorary Life Member the Honorary Life Member was a REALTOR Member of CAR or an active member of any of CAR's predecessor entities. 7. Hall of Fame Members. Hall of Fame Members shall be individuals who satisfy each of the criteria for Hall of Fame membership as set forth in the Policy and Procedure Manual and as determined by the Board of Directors, and who have been nominated by the Hall of Fame Governing Committee and elected to the CAR Hall of Fame by the Board of Directors. Hall of Fame Members shall not be entitled to vote, to hold office, or to use the term REALTOR, unless the Hall of Fame Member is a REALTOR Member. 8. Emeritus Members. Emeritus Members shall be any individual who is a REALTOR Member and who has been a REALTOR-Principal, REALTOR or Honorary Member for 40 or more years. Emeritus Members shall have the right to vote, to hold office, and to use the term REALTOR. A REALTOR Emeritus candidate member must also have completed at least one year of service at the National Association level. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT WITH ITS INDEPENDENT PAID TAX PREPARERS. A FINAL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | DIRECTORS, COMMITTEE MEMBERS, AND STAFF ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY, IN ACCORDANCE WITH THE ORGANIZATION'S POLICY AND PERSONNEL MANUALS. Board members' conflict of interest disclosure statements are reviewed by the CEO to determine whether a potential or actual conflict exists. Committee members' conflict of interest disclosure statements are reviewed by the staff person assigned to such committee to determine whether a potential or actual conflict exists. If an actual conflict is determined to exist, the individual is recused from discussions and voting on matters relating to such conflict. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | Compensation set forth in the organization's CEO's 3-year contract is determined by the Executive Committee after review of the compensation survey from the Association Forum, data from salary.com as well as payscale.com and compensation information reported in Forms 990 for other similarly sized Realtor Associations. The Executive Committee reviewed the compensation information and then prepared a formal motion for approval by the board of directors. The approval process for the CEO's 3-year contract was documented in the Executive Committee and board meeting minutes and was last performed in June 2024 as part of the contract renewal process. The approved motion, along with the comparability data, are also placed in the CEO's personnel file. In addition, the Executive Committee reviews the compensation survey from the Association Forum, data from salary.com as well as payscale.com and conducts a formal performance evaluation of the CEO on an annual basis, which was last performed in June 2024 in determining whether pay adjustments and/or bonuses will be awarded per the terms of the CEO's contract. The annual review/approval process is also documented in the Executive Committee meeting minutes. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO ASSOCIATION OF REALTORS EDUCATIONAL FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 430 North MICHIGAN AVENUE | AddressLine1Txt |
| Address Line2 | Suite 800 | AddressLine2Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363746120 | EIN |
| Primary Activities | RESEARCH & EDUCATION IN REAL ESTATE | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | Type I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chicago Association of Realtors | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO ASSOCIATION OF REALTORS BUSINESS INFORMATION SERVICES INC AND SUBSI | BusinessNameLine1Txt |
| Business Name Line2 | DIARIES | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 430 NORTH MICHIGAN AVENUE | AddressLine1Txt |
| Address Line2 | Suite 800 | AddressLine2Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 474639535 | EIN |
| Primary Activities | REAL ESTATE INFORMATION SERVICES | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO ASSOCIATION OF REALTORS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corporation | EntityTypeTxt |
| Ownership | 1 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| CHICAGO ASSOCIATION OF REALTORS EDUCATION FOUNDATION | ||
| Q | $45,014 | ACTUAL COST |
| CHICAGO ASSOCIATION OF REALTORS BUSINESS INFORMATION SERVICES INC | ||
| A | $33,557 | ACTUAL COST |
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