GREATER BOSTON REAL ESTATE BOARD: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
GREATER BOSTON REAL ESTATE BOARD (EIN 04-1107040)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-24
IRS object ID
201712979349301331
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2017-10-24T13:11:22-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263753134PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CBIZ TOFIASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 BOYLSTON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN041107040EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREATER BOSTON REAL ESTATE BOARDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREABusinessNameControlTxt
Phone6174238700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CENTER PLAZA MEZZANINE SUITEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGREGORY VASILPersonNm
Person TitleCEOPersonTitleTxt
Phone6174238700PhoneNum
Signature2017-10-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCRAIG KLEINPreparerPersonNm
PTINP00734640PTIN
Phone6177610600PhoneNum
Preparation2017-10-12PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address207.172.72.163IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-10-12IPDt
IP Tm09:47:05IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id102C1995D04F643618E9EB8F2AEF5D32C98268A5AtSubmissionCreationDeviceId
At Submission Filing Device Id2E51BBD8A5DAF730193DED9248F5B69ECC4FA6A4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGREGORY VASILPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CENTER PLAZA MEZZANINE SUITEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,835,008GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.GBREB.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1889FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE GREATER BOSTON REAL ESTATE BOARD WAS INCORPORATED AS A NOT-FOR-PROFIT ORGANIZATION TO ADVOCATE, EDUCATE, INFORM AND SERVE MEMBERS OF THE REAL ESTATE INDUSTRY.ActivityOrMissionDesc
Voting Members Governing Body25VotingMembersGoverningBodyCnt
Voting Members Independent25VotingMembersIndependentCnt
Total Employee33TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,978,651PYContributionsGrantsAmt
CY Contributions Grants$4,122,676CYContributionsGrantsAmt
PY Program Service Revenue$2,058,025PYProgramServiceRevenueAmt
CY Program Service Revenue$2,104,166CYProgramServiceRevenueAmt
PY Investment Income$5,662PYInvestmentIncomeAmt
CY Investment Income$45,090CYInvestmentIncomeAmt
PY Other Revenue$413,080PYOtherRevenueAmt
CY Other Revenue$521,667CYOtherRevenueAmt
PY Total Revenue$5,455,418PYTotalRevenueAmt
CY Total Revenue$6,793,599CYTotalRevenueAmt
PY Grants And Similar Paid$21,146PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$54,500CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,265,059PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,521,366CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,074,295PYOtherExpensesAmt
CY Other Expenses$3,331,431CYOtherExpensesAmt
PY Total Expenses$5,360,500PYTotalExpensesAmt
CY Total Expenses$5,907,297CYTotalExpensesAmt
PY Revenues Less Expenses$94,918PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$886,302CYRevenuesLessExpensesAmt
Total Assets BOY$5,829,459TotalAssetsBOYAmt
Total Assets EOY$7,706,598TotalAssetsEOYAmt
Total Liabilities BOY$2,544,895TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,450,154TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,284,564NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,256,444NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE GREATER BOSTON REAL ESTATE BOARD WAS INCORPORATED AS A NOT-FOR-PROFIT ORGANIZATION TO ADVOCATE, EDUCATE, INFORM AND SERVE MEMBERS OF THE REAL ESTATE INDUSTRY. THE BOARD CONTINUES TO FOSTER AND PROMOTE HIGH ETHICAL STANDARDS IN ALL REAL ESTATE TRANSACTIONS, MONITOR AND COMMENT UPON LEGISLATIVE MEASURES AFFECTING REAL ESTATE, PROTECT PRIVATE PROPERTY RIGHTS, ADMINISTER AN ARBITRATION PROCESS FOR SETTLING BUSINESS DISPUTES, AND PROVIDE OUTSTANDING CONTINUING EDUCATION FOR ITS MEMBERSHIP.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Revenue$2,625,833RevenueAmt
DescADVOCATED, EDUCATED, INFORMED AND SERVED MEMBERS OF THE REAL ESTATE INDUSTRY.FOUNDED IN 1889, THE GREATER BOSTON REAL ESTATE BOARD COUNTS AS ITS MEMBERS MORE THAN 11,000 PROFESSIONALS ENGAGED IN ALL SECTORS OF THE INDUSTRY. ONE OF THE LOCAL BOARDS OF THE NATIONAL ASSOCIATION OF REALTORS' (THE LARGEST TRADE ASSOCIATION IN NORTH AMERICA), BOMA INTERNATIONAL AND THE NATIONAL APARTMENT ASSOCIATION, GBREB IS CONSIDERED UNIQUE NATIONALLY DUE TO ITS VARIED MEMBERSHIP BASE. THE BOARD ALSO HAS FIVE MAJOR DIVISIONS WHICH ARE: THE BUILDING OWNERS AND MANAGERS ASSOCIATION (BOMA) IS A FEDERATED AFFILIATE OF BOMA INTERNATIONAL AND IS THE 3RD LARGEST LOCAL OF BOMA'S 92 AFFILIATES. WITH A MEMBERSHIP OF OVER 670, BOMA BOSTON PROVIDES MEMBERS WITH QUALITY EDUCATIONAL PROGRAMS, NETWORKING & VISIBILITY OPPORTUNITIES. BOMA BOSTON'S MISSION IS TO PROMOTE EXCELLENCE IN COMMERCIAL REAL ESTATE OWNERSHIP, MANAGEMENT, AND OPERATIONS.COMMERCIAL BROKERS ASSOCIATION (CBA): REPRESENTS OVER 375 MEMBERS IN THE COMMERCIAL BROKERAGE COMMUNITY THROUGHOUT MASSACHUSETTS. CBA IS DEEPLY COMMITTED TO EDUCATING, PROMOTING PROFESSIONALISM AND ENCOURAGING THE SHARING OF IDEAS AND KNOWLEDGE.REAL ESTATE FINANCE ASSOCIATION (REFA), IS A COMMERCIAL REAL ESTATE BUSINESS ASSOCIATION PROVIDING MEMBERS WITH HIGH QUALITY NETWORKING AND EDUCATIONAL OPPORTUNITIES. REFA STRIVES TO MAINTAIN ITS REPUTATION FOR EXCELLENCE BY PROMOTING THE EXCHANGE OF INFORMATION BETWEEN PROFESSIONALS IN THE REAL ESTATE FINANCE COMMUNITY, AND FOSTERING A PLATFORM FOR GROWTH AND DEVELOPMENT FOR ITS EMERGING LEADER MEMBERSHIP.RENTAL HOUSING ASSOCIATION: THE RENTAL HOUSING ASSOCIATION (RHA), AN AFFILIATE OF THE NATIONAL APARTMENT ASSOCIATION, CONSISTS OF OVER 575 MEMBERS WHO OWN, MANAGE, DEVELOP OR SUPPLY GOODS AND SERVICES TO MULTI-FAMILY PROPERTIES IN MASSACHUSETTS. RHA IS THE INDUSTRY LEADING TRADE ASSOCIATION, PROVIDING EFFECTIVE ADVOCACY, EDUCATION AND NETWORKING OPPORTUNITIES FOR ITS MEMBERS. GREATER BOSTON ASSOCIATION OF REALTORS: THE GREATER BOSTON ASSOCIATION OF REALTORS (GBAR) IS COMPRISED OF OVER 9,000 RESIDENTIAL REAL ESTATE AGENTS, BROKERS, AND INDUSTRY AFFILIATES IN A TERRITORY THAT INCLUDES 64 COMMUNITIES IN EASTERN MASSACHUSETTS. GBAR IS A LOCAL CHAPTER OF THE NATIONAL ASSOCIATION OF REALTORS (NAR)- THE LARGEST TRADE ASSOCIATION IN AMERICA AND RANKS AS THE LARGEST LOCAL REALTOR ASSOCIATION IN NEW ENGLAND AND ONE OF THE TOP 25 LARGEST NATIONALLY. GBAR PROVIDES PROFESSIONAL DEVELOPMENT COURSES, STANDARD FORMS, MARKET DATA REPORTS, BROKERAGE COUNSELING, LEGISLATIVE AND REGULATORY REPRESENTATION, DISPUTE RESOLUTION SERVICES AS WELL AS INDUSTRY RECOGNITION AWARDS. REALTORS SUBSCRIBE TO THE STRICT CODE OF ETHICS OF NAR.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document46IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee33EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members25GoverningBodyVotingMembersCnt
Independent Voting Member25IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonTHOMAS F DOYLE DIRECTOR OF FINANCPersonNm
Phone6173997850PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CENTER PLAZA MEZZANINE SUITEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
RICHARD BEAL
DIRECTOR1.001.50Yes (X)$0$0$0
ERIKA E CLARKE
FINANCE CHAIR2.000.50Yes (X)$0$0$0
KRISTEN BLOUNT
CHAIR3.001.00Yes (X)$0$0$0Yes (X)
RICHARD J HENKEN
CHAIRMAN-ELECT2.000.50Yes (X)$0$0$0Yes (X)
MICHAEL DIMELLA
TREASURER2.000.50Yes (X)$0$0$0Yes (X)
MICHAEL HUSSEY
CLERK2.000.50Yes (X)$0$0$0Yes (X)
ROBERT M BRIERLEY
DIRECTOR1.000.50Yes (X)$0$0$0
MATTHEW J DANIELS
DIRECTOR1.000.50Yes (X)$0$0$0
JAMES DERMINASIAN
DIRECTOR1.000.50Yes (X)$0$0$0
MARK EPKER
DIRECTOR1.000.50Yes (X)$0$0$0
DAVID E FITZGERALD
DIRECTOR1.000.50Yes (X)$0$0$0
JASON GELL
DIRECTOR1.000.50Yes (X)$0$0$0
MIKE GILL
DIRECTOR1.000.50Yes (X)$0$0$0
ANNETTE GIVEN
DIRECTOR1.000.50Yes (X)$0$0$0
NATALE HERALD
DIRECTOR1.000.50Yes (X)$0$0$0
GAIL LOCKBERG
DIRECTOR1.000.50Yes (X)$0$0$0
SARAH MATHEWSON
DIRECTOR1.000.50Yes (X)$0$0$0
DAVID MCCARTHY
DIRECTOR1.000.50Yes (X)$0$0$0
PAUL NASSER
DIRECTOR1.000.50Yes (X)$0$0$0
MARIE PRESTI
DIRECTOR1.000.50Yes (X)$0$0$0
GORDON PULSIFER
DIRECTOR1.000.50Yes (X)$0$0$0
ANDREW SARNO
DIRECTOR1.000.50Yes (X)$0$0$0
MELODY SKYE-ROLOFF
DIRECTOR1.000.50Yes (X)$0$0$0
NEDA VANDER STOEP
DIRECTOR1.000.50Yes (X)$0$0$0
GILBERT WINN
DIRECTOR2.000.50Yes (X)$0$0$0
GREGORY VASIL
CEO40.004.00$270,016$0$30,562Yes (X)
THOMAS DOYLE
DIRECTOR OF FINANCE36.004.00$133,295$0$19,926Yes (X)
ADRIENNE MALEY
EXECUTIVE DIRECTOR40.000.50$113,140$0$11,429Yes (X)
JOHN DULCZEWSKI
EXECUTIVE DIRECTOR40.000.50$141,221$0$14,591Yes (X)
JOHN LAFFERTY
EXECUTIVE DIRECTOR40.000.50$143,315$0$13,722Yes (X)
WILLIAM MULLEN
LEGAL COUNSEL40.000.50$113,392$0$11,396Yes (X)
PATRICIA BAUMER
DIRECTOR OF GOVT. AFFAIRS40.000.50$103,265$0$10,986Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,017,644TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$112,612TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Membership Dues$3,292,676MembershipDuesAmt
All Other Contributions$830,000AllOtherContributionsAmt
Noncash Contributions$830,000NoncashContributionsAmt
Total Contributions$4,122,676TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFUNCTIONS & EDUCATIONDesc
Business900099BusinessCd
Total Revenue Column$2,104,166TotalRevenueColumnAmt
Related Or Exempt Func Income$2,104,166RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,104,166TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$39,160TotalRevenueColumnAmt
Exclusion$39,160ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$5,930SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,930SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,930TotalRevenueColumnAmt
Exclusion$5,930ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$198,715GrossSalesOfInventoryAmt
Cost Of Goods Sold$41,409CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$157,306TotalRevenueColumnAmt
Related Or Exempt Func Income$157,306RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MLS INCOME900099$125,554$125,554
MANAGEMENT FEE900099$32,748$32,748

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$206,059TotalRevenueColumnAmt
Related Or Exempt Func Income$206,059RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$364,361OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,793,599TotalRevenueColumnAmt
Related Or Exempt Func Income$2,625,833RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$45,090ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$53,500TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$453,799TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,751,541TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$161,744TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$154,282TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$78,861TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$67,825TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$122,500TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$63,847TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$196,729TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$260,455TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$340,146TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$108,505TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,393,959TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$229,712TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$114,350TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$37,800TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
EQUIPMENT RENTAL/MAINT.$122,697
TELEPHONE$51,174
SUPPLIES$42,337
POSTAGE & SHIPPING$28,826

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$71,708TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,907,297TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$252,552BOYAmt
EOY$242,067EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,516,914BOYAmt
EOY$3,123,822EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$278,134BOYAmt
EOY$367,155EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$134,124BOYAmt
EOY$108,276EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,129,004LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$943,485LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$345,391BOYAmt
EOY$1,185,519EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,302,344BOYAmt
EOY$2,679,759EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,829,459BOYAmt
EOY$7,706,598EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,318,402BOYAmt
EOY$1,979,454EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,033,033BOYAmt
EOY$1,325,180EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$193,460BOYAmt
EOY$145,520EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,544,895BOYAmt
EOY$3,450,154EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,365,966BOYAmt
EOY$3,256,346EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$918,598BOYAmt
EOY$1,000,098EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,284,564BOYAmt
EOY$4,256,444EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,829,459BOYAmt
EOY$7,706,598EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$886,302ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$85,427NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$151OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$3,292,676DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$122,500NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$122,500NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$213,662AggregateReportedDuesNtcAmt
Taxable-$91,162TaxableAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$461,000OtherCostOrOtherBasisAmt
Book Value$461,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$369,000OtherCostOrOtherBasisAmt
Depreciation$5,747DepreciationAmt
Book Value$363,253BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,219,029OtherCostOrOtherBasisAmt
Depreciation$936,405DepreciationAmt
Book Value$282,624BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$79,975OtherCostOrOtherBasisAmt
Depreciation$1,333DepreciationAmt
Book Value$78,642BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,185,519TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED RENT$110,246
DUE TO AFFILIATE$35,274
FieldValueIRS element (for citing)
Total Liability$145,520TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,920,435TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$85,427NetUnrealizedGainsInvstAmt
Other Revenue$41,409OtherRevenueAmt
Revenue Not Reported$126,836RevenueNotReportedAmt
Revenue Subtotal$6,793,599RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$6,793,599TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,948,706TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$41,409OtherExpensesIncludedAmt
Expenses Not Reported$41,409ExpensesNotReportedAmt
Expenses Subtotal$5,907,297ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,907,297TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES ASSESSED, IF ANY, ARE ACCRUED AS INCOME TAX EXPENSE. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ITS FEDERAL AND STATE INCOME TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THE PAST THREE YEARS AFTER THE DATE OF THE FILING OF THE RELATED RETURN.
PART XI, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD - NETTED ON PAGE 9 LINE 10B 41,409.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD - NETTED ON PAGE 9 LINE 10B 41,409.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1GREATER BOSTON REAL ESTATE BOARD FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE CENTER PLAZA MEZZANINE SUITEAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Recipient EIN223299681RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$53,500CashGrantAmt
Purpose Of GrantTO FUND THE SCHOLARSHIP PROGRAMPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFOR GRANTS MADE TO HOUSING RELATED CHARITIES, CHARITIES SUBMIT A WRITTEN PROPOSAL EXPLAINING WHY THEY SHOULD BE SELECTED AND WHAT THE CONTRIBUTION WILL BE USED FOR. COMMITTEES OF GBREB EVALUATE THE PROPOSALS TO SELECT THE GRANT RECIPIENTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
GREGORY VASIL
CEO$257,016$0$13,000$0$0$0$7,950$0$22,612$0$300,578$0$0$0
THOMAS DOYLE
DIRECTOR OF FINANCE$124,346$0$8,949$0$0$0$3,943$0$15,983$0$153,221$0$0$0
JOHN DULCZEWSKI
EXECUTIVE DIRECTOR$128,182$0$13,039$0$0$0$4,082$0$10,509$0$155,812$0$0$0
JOHN LAFFERTY
EXECUTIVE DIRECTOR$136,441$0$6,874$0$0$0$4,331$0$9,391$0$157,037$0$0$0

Schedule M IRS990ScheduleM

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$830,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BAN E-COPY OF THE FORM 990 IS E-MAILED TO THE BOARD MEMBERS PRIOR TO THE MONTHLY BOARD MEETING, IN TIME FOR THE BOARD TO REVIEW AND PREPARE QUESTIONS. THE DOCUMENT IS THEN REVIEWED BY THE CFO AND THE BOARD MEMBERS AT THE MONTHLY BOARD MEETING PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES AND OFFICERS. SIGNED DISCLOSURE ARE RETURNED TO THE DIRECTOR OF FINANCE WHO REVIEWS THE FORMS FOR POTENTIAL CONFLICTS. AN INDIVIDUAL FOUND TO HAVE A CONFLICT WOULD BE BARRED FROM THE DISCUSSIONS OR VOTE ON THE CONFLICTING MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE CEO, EXECUTIVE DIRECTOR(S), AND CFO WERE PAID BASED ON AVERAGE WAGES FOR SIMILAR POSITIONS AND YEARS OF EXPERIENCE. THE PROCESS INCLUDED THE FOLLOWING: * REVIEW AND APPROVAL BY A GOVERNING BODY OR COMPENSATION COMMITTEE, WITH NO PARTICIPATION BY INTERESTED PERSONS (INCLUDES FAMILY & BUSINESS ASSOCIATES). * USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. * CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST IN WRITING OR IN PERSON TO GREATER BOSTON REAL ESTATE BOARD. THE DIRECTOR OF FINANCE WILL PROVIDE THE INFORMATION.
FORM 990, PART XI, LINE 9:OTHER ADJUSTMENTS 151.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
GREATER BOSTON REAL ESTATE BOARD FOUNDATION
1 CENTER PLAZABOSTONMA02108223299681TO MAKE GRANTS TO CHARITABLE ORGANIZATION IN GREATER BOSTON.MA501(C)(3)7N/AYes (1)
GREATER BOSTON REAL ESTATE BOARD - PAC
1 CENTER PLAZABOSTONMA02108043468188POLITICAL ACTION COMMITTEEMA527N/AN/AYes (1)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1GREATER BOSTON REAL ESTATE BOARD FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$53,500InvolvedAmt
Method Of Amount DeterminationBOOKMethodOfAmountDeterminationTxt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.