2020-10-14T13:00:28-05:00 2019-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-01-01 530184820 Society of Industrial and Office Realtors SOCI 3123298200 C/O Tax Dept 430 N Michigan Ave Chicago IL 60611 Robert Hammond Chief Operating Officer 2020-10-14 true Nicole Bencik P00756195 3128997000 2019 2021-04-22 16:20:28Z Robert Hammond 1201 New York Ave NW Ste 350 Washington DC 20005 7973880 false X www.SIOR.com X 1941 IL The Society of Industrial and Office REALTORS (SIOR) of the NAR is a professional association which maintains a designated certifying expertise in industrial & office real estate brokerage. 15 15 18 400 103107 7076 10000 10000 6754077 6826149 208686 255869 134969 16981 7107732 7108999 5000 5000 0 2292762 2407668 0 0 4692974 4879820 6990736 7292488 116996 -183489 11338873 12843494 2621880 2811368 8716993 10032126 The Society of Industrial and Office REALTORS (SIOR) of the National Association of REALTORS is a professional association which maintains a designated certifying expertise in industrial and office real estate brokerage. The organization provides education at its two annual conferences and provides a Code of Ethics to which its members subscribe. SIOR has a total of 3,400 members along with a city and county presence of 686 cities in 38 countries. false false SIOR'S TWO SEMI-ANNUAL CONFERENCES PROVIDE ATTENDEES WITH OUTSTANDING EDUCATIONAL PROGRAMMING AND VALUABLE NETWORKING OPPORTUNITIES. EDUCATIONAL SESSION INSTRUCTORS COMMUNICATE CURRENT MARKET DATA AND CUTTING EDGE INDUSTRY PRACTICES ENABLING SIOR MEMBERS TO REMAIN LEADERS IN COMMERCIAL REAL ESTATE. IN ADDITION, SIOR SEEKS STATE APPROVAL FOR EDUCATIONAL SESSIONS, SO THAT ATTENDEES RECEIVE CONTINUING EDUCATION CREDIT TOWARD STATE REAL ESTATE LICENSE RENEWALS. SIOR IDENTIFIES AND CERTIFIES FULLY QUALIFIED EXPERTS IN INDUSTRIAL AND OFFICE REAL ESTATE WITH THE SIOR DESIGNATION. TO QUALIFY FOR THE SIOR DESIGNATION, INDIVIDUALS MUST MEET SPECIFIED EDUCATIONAL AND VOLUME-OF-BUSINESS REQUIREMENTS, AND ADHERE TO A STRICT CODE OF ETHICAL STANDARDS IN ACCORDANCE WITH SIOR'S CODE OF ETHICAL PRINCIPLES AND STANDARDS OF PROFESSIONAL PRACTICE. PRODUCTION OF PROFESSIONAL REPORT, THE OFFICIAL QUARTERLY MAGAZINE OF SIOR. THE MAGAZINE PROVIDES EDUCATIONAL ARTICLES, INDUSTRY TRENDS, AND MEMBER NEWS FOR DISSEMINATION TO SIOR MEMBERS AND THE BROADER COMMERCIAL REAL ESTATE COMMUNITY. ALSO, SIOR PROVIDES A "MEMBER FIND A MEMBER" SERVICE VIA THEIR WEBSITE. 0 false true true true false false false false false true false false false true true true true false false true false false false false false false false false true false false false false false false false false false false false true true true false true 33 0 true 18 true true true false false false false false false false X 15 15 false false false false false false true true true false true true false true true true true true true false false X Robert Hammond 2024498204 1201 New York Ave NW Ste 350 Washington DC 20005 Cathy Jones Treasurer 1.0 0 X X 0 0 0 Craig Meyer Past President Representative 0.5 0 X X 0 0 0 Del Markward Immediate Past President (Partial) 0.5 0 X X 0 0 0 Jack Whalen Treasurer (Partial) 0.5 0 X X 0 0 0 Mark Duclos President-Elect 0.5 0 X X 0 0 0 Patrick Sentner Vice President 0.5 0 X X 0 0 0 Robert Thornburgh President 0.5 0 X X 0 0 0 David Lockwood Member - At Large (Partial) 1.0 0 X 0 0 0 David Schiller Speaker, Chapter Leadership Council 0.5 0 X 0 0 0 Dennis Hennessy Member - At Large 1.0 0 X 0 0 0 Felix Tejada Member - At Large 0.5 0 X 0 0 0 Frederic Schneider Member - At Large 0.5 0 X 0 0 0 Gabriel Silverstein Member - At Large 0.5 0 X 0 0 0 Jeff Johnson Member - At Large (Partial) 0.5 0 X 0 0 0 Mark Long Member - At Large 2.5 0 X 0 0 0 Nim Frazer Member - At Large 0.5 0 X 0 0 0 Patricia Loveall Member - At Large 0.5 0 X 0 0 0 R Conrad Bernard Member - At Large (Partial) 2.5 0 X 0 0 0 Taber Thill Member - At Large 0.5 0 X 0 0 0 Terry Smith Operations Director 0.5 0 X 0 0 0 Robert Hammond COO 37.5 1.0 X 254552 0 31116 Thomas McCormick CEO 37.5 1.0 X 342360 0 37262 Michael Roberts Director, Information Technology 37.5 0 X 151494 0 23902 Alexis Fermanis Director, Communications 37.5 0 X 128956 0 22324 Elizabeth Koenst VP, Programs 37.5 0 X 146461 0 23549 JENNIFER Johnson VP, MARKETING & COMMUNICATIONS 37.5 0 X 193589 0 26848 Michael Topp VP, Membership 37.5 0 X 148161 0 23668 Virginia Antevil Director, Administration & Professional Standards 37.5 0 X 112492 0 21171 1478065 0 209840 12 false true false Vitamin Inc 720 Light Street Baltimore MD 21230 Marketing Services 407403 Marcum LLP 1899 L St NW 850 Washington DC 20036 Accounting and IT Services 276307 Staging Solutions 2014 Lou Ellen Lane Houston TX 77018 Production Management 273135 WASHINGTON SPEAKERS BUREAU 1663 PRINCE STREET ALEXANDRIA VA 22314 SPEAKER FEES 224670 PerByte Inc 25W161 Armbrust Ave Wheaton IL 60187 Software Consulting 106919 5 10000 10000 MEMBERSHIP DUES AND FEES 900099 4187490 4187490 CONVENTIONS AND CONFERENCES 900004 2332469 1797869 534600 ADVERTISING AND SUBSCRIPTIONS 541800 103107 103107 EDUCATION COURSES & MTGS 900099 203083 203083 0 0 0 0 6826149 149469 149469 1753 1753 0 0 958800 852400 106400 0 106400 106400 12670 12481 189 189 Miscellaneous income 900099 15039 15039 0 0 0 0 15039 7108999 6203670 103107 792222 5000 816783 1202171 86929 178308 123477 35155 275592 33390 619543 0 0 0 727725 433748 55929 352131 398678 1726954 86301 Maintenance and repairs 16562 Income taxes and fees 46024 Awards and Gifts 19447 Training and Seminars 41421 11220 0 0 0 7292488 0 0 0 1669323 1366847 2551379 2063552 179292 146897 0 0 0 0 23474 180872 230088 1280724 1000842 194086 279882 6526472 8732754 0 0 37449 0 11338873 12843494 694463 544349 1428317 1815894 0 0 499100 451125 2621880 2811368 X 8716993 10032126 8716993 10032126 11338873 12843494 -183489 1498622 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 false false true false 238091 147377 90714 1042633 853465 189168 279882 DEFFERED RENT AND TENANT ALLOWANCE 451125 451125 X 8586712 1498622 0 1498622 7088090 33390 -12481 20909 7108999 7271579 12481 12481 7259098 33390 0 33390 7292488 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote SIOR is generally exempt from federal income taxes under the provisions of Section 501(c)(6) of the Internal Revenue Code, except on net income from activities unrelated to its exempt purpose such as advertising revenue. SIOR follows the accounting standard regarding the recognition and measurement of uncertain tax provisions. SIOR evaluated its tax positions and determined that its tax positions are more-likely-than-not to be sustained on examination. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements cost of goods sold - -12481 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 cost of goods sold - 12481 Central America and the Caribbean 0 0 Program Services Recruitment 10833 Europe (Including Iceland and Greenland) 0 0 Program Services Recruitment and Member Meetings 361689 0 0 0 0 0 0 372522 0 372522 false false false false false false X true true X X X X false false false Thomas McCormick CEO 338034 0 0 0 4326 0 23965 0 13297 0 379622 0 0 0 Robert Hammond COO 230462 0 23187 0 903 0 17819 0 13297 0 285668 0 0 0 Michael Roberts Director, Information Technology 139864 0 11439 0 191 0 10605 0 13297 0 175396 0 0 0 JENNIFER Johnson VP, MARKETING & COMMUNICATIONS 178714 0 14560 0 315 0 13551 0 13297 0 220437 0 0 0 Michael Topp VP, Membership 134964 0 13040 0 157 0 10371 0 13297 0 171829 0 0 0 Elizabeth Koenst VP, Programs 134789 0 11491 0 181 0 10252 0 13297 0 170010 0 0 0 Alexis Fermanis Director, Communications 118863 0 9949 0 144 0 9027 0 13297 0 151280 0 0 0 Schedule J, Part I, Line 1a Travel for companions SPOUSAL TRAVEL TO THE SPRING AND FALL CONFERENCES IS ALLOWED FOR 6 MEMBERS OF THE GOVERNANCE COMMITTEE IF IT IS DETERMINED THAT THEIR ATTENDANCE IS NEEDED FOR BUSINESS PURPOSES. REIMBURSEMENTS FOR SPOUSAL TRAVEL ARE REPORTED AS TAXABLE INCOME TO THE MEMBER AS APPROPRIATE. SPOUSAL TRAVEL FOR THE CEO IS REPORTED ON THE CEO'S FORM W2. Form 990, Part VI, Line 6 7A - ORGANIZATION MEMBERS SIOR'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED IN PART VI, LINE 6 OF THE 990 INSTRUCTIONS. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE QUESTIONS ON LINES 6 and 7A. Form 990, Part VI, Line 15b PROCESS FOR DETERMINING COMPENSATION OF OFFICERS OR KEY EMPLOYEES SIOR USES AN OUTSIDE CONSULTANT TO HELP DETERMINE THE COMPENSATION PACKAGE FOR THE COO. THE SIOR CEO MAKES THE FINAL DECISION REGARDING THE FINAL COMPENSATION PACKAGE. ON AN ANNUAL BASIS, THE COO HAS A PERFORMANCE EVALUATION WHICH IS USED IN PART TO DETERMINE ANY CHANGES IN PAY (E.G. VARIABLE COMPENSATION AND MERIT INCREASES). Form 990, Part VI, Line 1a Delegate broad authority to a committee As provided in Article VII, Section 1 of the By-Laws, SIOR shall have a governance committee that has broad authority to act on behalf of the governing body in emergency situations when assembling the board may not be practical. Chaired by the SIOR President, the governance committee shall include the president-elect, vice president, immediate past president, the operations director, and the treasurer ex officio. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders As provided in Article XVI, Section 1 of the By-Laws, the board of directors of the National Association of Relators must approve any amendments to the SIOR By-Laws before they become effective. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 will be reviewed in detail by the SIOR CEO, Treasurer and Governance Committee. In addition, the Treasurer will report the results to the Board of Directors (BOD) at the next Board of Directors. Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, the Board of Directors receive a copy of the Conflict of Interest Policy, and are asked to sign an acknowledgement concerning reporting of potential conflicts of interest. Board members are required to disclose any potential conflicts of interest to the Chairman of the Board immediately. Board members must refrain from voting on any such transactions where there is a potential conflict, participating in deliberations concerning it, or using personal influence in any way involving the matter. In addition, officers, directors, and key employees are required to complete a conflict of interest questionnaire annually to determine if there are any required business transactions that need to be reported on the Form 990. The questionnaires are reviewed by the Office of the EVP to determine any potential conflicts of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official SIOR has a Compensation Committee which consists of the President and the two most immediate past Presidents. Comparability data is used by this committee to help determine compensation. The committee determines the base salary, variable compensation, incentive compensation, other cash compensation and other benefits of the CEO and approved the terms of the Employment Agreement and any amendment thereto. Once the Employment Agreement for the Chief Executive Officer or any amendment thereto, is approved by the Compensation Committee, an Employment Agreement (or such amendment) shall be executed by the President on the behalf of SIOR. The last comparability study was completed in March 2019 and the most recent employment agreement was dated April 2019. Deliberations and decision-making with respect to the CEO's compensation are documented on a timely basis by the Compensation Committee. On an annual basis, the CEO has a performance evaluation which is used in part to determine any changes in pay (e.g. variable compensation, incentive compensation, cost of living and merit increases). The CEO compensation for the 2019 tax year was reviewed and approved in December 2018. Form 990, Part VI, Line 19 Required documents available to the public Governing documents and conflict of interest policies are posted on the SIOR website. Financial statements are available upon request as deemed appropriate by the EVP. SIOR FOUNDATION 1201 NEW YORK AVE NW STE 350 WASHINGTON DC 20005 520808480 EDUCATION DC 501(c)(3) 7 SIOR true false false true false false false false false false false false false true true false true true true SIOR FOUNDATION Q 81700 ITEMIZED EXPENSES