GREATER BOSTON REAL ESTATE BOARD: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GREATER BOSTON REAL ESTATE BOARD (EIN 04-1107040)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-09-28
IRS object ID
201622729349300222
Schema version
2015v2.1
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)
Return2016-09-28T10:58:39-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-09-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH M GISOPreparerPersonNm
PTINP00030126PTIN
Phone6177610600PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

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$5,563,616GrossReceiptsAmt
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 Employee35TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,827,382PYContributionsGrantsAmt
CY Contributions Grants$2,978,651CYContributionsGrantsAmt
PY Program Service Revenue$2,185,295PYProgramServiceRevenueAmt
CY Program Service Revenue$2,058,025CYProgramServiceRevenueAmt
PY Investment Income$63,917PYInvestmentIncomeAmt
CY Investment Income$5,662CYInvestmentIncomeAmt
PY Other Revenue$399,329PYOtherRevenueAmt
CY Other Revenue$413,080CYOtherRevenueAmt
PY Total Revenue$5,475,923PYTotalRevenueAmt
CY Total Revenue$5,455,418CYTotalRevenueAmt
PY Grants And Similar Paid$82,339PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$21,146CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,233,738PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,265,059CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,061,043PYOtherExpensesAmt
CY Other Expenses$3,074,295CYOtherExpensesAmt
PY Total Expenses$5,377,120PYTotalExpensesAmt
CY Total Expenses$5,360,500CYTotalExpensesAmt
PY Revenues Less Expenses$98,803PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$94,918CYRevenuesLessExpensesAmt
Total Assets BOY$5,763,204TotalAssetsBOYAmt
Total Assets EOY$5,829,459TotalAssetsEOYAmt
Total Liabilities BOY$2,560,689TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,544,895TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,202,515NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,284,564NetAssetsOrFundBalancesEOYAmt
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$2,471,107RevenueAmt
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 10,000 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: BUILDING OWNERS AND MANAGERS ASSOCIATION (BOMA): BOSTON PROVIDES OWNERS AND MANAGERS OF COMMERCIAL REAL ESTATE, OTHER INDUSTRY MEMBERS AND THE COMPANIES WHO SUPPORT THEM THE BEST PROFESSIONAL KNOWLEDGE AND NETWORKING OPPORTUNITIES IN THE MARKET. COMMERCIAL BROKERS ASSOCIATION (CBA): REPRESENTS OVER 350 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: THE REAL ESTATE FINANCE ASSOCIATION (REFA) IS THE INDUSTRY LEADER IN BRINGING TOGETHER THE BEST PEOPLE AND INFORMATION IN REAL ESTATE FINANCE. REFA PROVIDES QUALITY EDUCATION PROGRAMS AND NETWORKING OPPORTUNITIES FOR REAL ESTATE PROFESSIONALS THROUGHOUT THE GREATER BOSTON AREA. RENTAL HOUSING ASSOCIATION: THE RENTAL HOUSING ASSOCIATION (RHA), AN AFFILIATE OF THE NATIONAL APARTMENT ASSOCIATION, CONSISTS OF OVER 525 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) REPRESENTS OVER 8,000 REAL ESTATE PROFESSIONALS THROUGHOUT THE GREATER BOSTON AND EASTERN MASSACHUSETTS AREA AND IS ONE OF THE LOCAL BOARDS OF THE NATIONAL ASSOCIATION OF REALTORS - THE LARGEST TRADE ASSOCIATION IN AMERICA. GBAR PROVIDES PROFESSIONAL DEVELOPMENT COURSES, STANDARD FORMS, LEGAL REPORTS AND UPDATES, BROKERAGE COUNSELING, LEGISLATIVE AND REGULATORY REPRESENTATION, ETHICS, MEDIATION AND ARBITRATION SERVICES, AS WELL AS RECOGNITION AWARDS. REALTORS SUBSCRIBE TO THE STRICT CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORSDesc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
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 SecYes (1)ReportInvestmentsOtherSecInd
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 Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document29IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee35EmployeeCnt
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 DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
RICHARD BEAL
CHAIRMAN4.002.00Yes (X)Yes (X)$0$0$0
ERIKA E CLARKE
FINANCE CHAIR2.000.50Yes (X)$0$0$0
KRISTEN BLOUNT
CHAIRWOMAN-ELECT2.000.50Yes (X)Yes (X)$0$0$0
RICHARD J HENKEN
TREASURER2.000.50Yes (X)Yes (X)$0$0$0
MICHAEL DIMELLA
CLERK2.000.50Yes (X)Yes (X)$0$0$0
ROBERT M BRIERLEY
DIRECTOR1.000.50Yes (X)$0$0$0
LAURIE E CADIGAN
DIRECTOR1.000.50Yes (X)$0$0$0
JUNE CUNNIFF
DIRECTOR1.000.50Yes (X)$0$0$0
WILLIAM R DERMONDY
DIRECTOR1.000.50Yes (X)$0$0$0
DAVID E FITZGERALD
DIRECTOR1.000.50Yes (X)$0$0$0
DAVID FRIEDBERG
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
NATALE HERALD
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
GORDON PULSIFER
DIRECTOR1.000.50Yes (X)$0$0$0
JOHN RANCO
DIRECTOR1.000.50Yes (X)$0$0$0
CHRISTOPHER REILLY
DIRECTOR2.000.50Yes (X)$0$0$0
LAURENCE RIDEOUT
DIRECTOR1.000.50Yes (X)$0$0$0
ANDREW ROSEN
DIRECTOR1.000.50Yes (X)$0$0$0
ANDREW SARNO
DIRECTOR1.000.50Yes (X)$0$0$0
ROBERT SHORTSLEEVE JR CRB
DIRECTOR1.000.50Yes (X)$0$0$0
ADAM SUBBER
DIRECTOR1.000.50Yes (X)$0$0$0
GILBERT WINN
DIRECTOR1.000.50Yes (X)$0$0$0
GREGORY VASIL
CEO40.004.00Yes (X)$269,321$0$26,293
THOMAS DOYLE
DIRECTOR OF FINANCE36.004.00Yes (X)$131,441$0$20,702
ADRIENNE MALEY
EXECUTIVE DIRECTOR40.000.50$116,498$0$10,269Yes (X)
JOHN DULCZEWSKI
EXECUTIVE DIRECTOR40.000.50$136,068$0$12,102Yes (X)
JOHN LAFFERTY
EXECUTIVE DIRECTOR40.000.50$144,357$0$12,469Yes (X)
WILLIAM MULLEN
LEGAL COUNSEL40.000.50$114,868$0$10,352Yes (X)
PATRICIA BAUMER
DIRECTOR OF GOVT. AFFAIRS40.000.50$103,918$0$9,928Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,016,471TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$102,115TotalOtherCompensationAmt
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$2,978,651MembershipDuesAmt
Total Contributions$2,978,651TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFUNCTIONS & EDUCATIONDesc
Business900099BusinessCd
Total Revenue Column$2,058,025TotalRevenueColumnAmt
Related Or Exempt Func Income$2,058,025RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,058,025TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,564TotalRevenueColumnAmt
Exclusion$42,564ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$36,902SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$36,902SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$36,902TotalRevenueColumnAmt
Exclusion-$36,902ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$244,242GrossSalesOfInventoryAmt
Cost Of Goods Sold$71,296CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$172,946TotalRevenueColumnAmt
Related Or Exempt Func Income$172,946RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTHER INCOME900099$207,384$207,384
MANAGEMENT FEE900099$32,750$32,750
FieldValueIRS element (for citing)
Other Revenue Total$240,134OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,455,418TotalRevenueColumnAmt
Related Or Exempt Func Income$2,471,105RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$5,662ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$21,146TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$447,756TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,484,784TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$187,237TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$145,282TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$74,287TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$49,200TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$140,000TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$49,043TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$158,996TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$214,646TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$342,642TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$98,315TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,260,092TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$232,851TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$108,388TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$36,261TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
EQUIPMENT RENTAL/MAINT.$62,411
CHARITABLE DONATIONS$44,000
TELEPHONE$37,459
POSTAGE & SHIPPING$33,340

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$132,364TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,360,500TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$304,348BOYAmt
EOY$252,552EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,090,982BOYAmt
EOY$2,516,914EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$417,229BOYAmt
EOY$278,134EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$190,756BOYAmt
EOY$134,124EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,174,526LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$829,135LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$404,625BOYAmt
EOY$345,391EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$2,355,264BOYAmt
EOY$2,302,344EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,763,204BOYAmt
EOY$5,829,459EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,360,886BOYAmt
EOY$1,318,402EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,021,715BOYAmt
EOY$1,033,033EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$178,088BOYAmt
EOY$193,460EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,560,689BOYAmt
EOY$2,544,895EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,032,417BOYAmt
EOY$3,114,466EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$170,098BOYAmt
EOY$170,098EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,202,515BOYAmt
EOY$3,284,564EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,763,204BOYAmt
EOY$5,829,459EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$94,918ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$12,869NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,174,526OtherCostOrOtherBasisAmt
Depreciation$829,135DepreciationAmt
Book Value$345,391BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$345,391TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
MONEY MARKET FUNDS$2,296,677F
FOREIGN EQUITIES$5,667F
FieldValueIRS element (for citing)
Total Book Value Securities$2,302,344TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED RENT$131,602
DUE TO AFFILIATE$61,858
FieldValueIRS element (for citing)
Total Liability$193,460TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,513,845TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$12,869NetUnrealizedGainsInvstAmt
Other Revenue$71,296OtherRevenueAmt
Revenue Not Reported$58,427RevenueNotReportedAmt
Revenue Subtotal$5,455,418RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,455,418TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,431,796TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$71,296OtherExpensesIncludedAmt
Expenses Not Reported$71,296ExpensesNotReportedAmt
Expenses Subtotal$5,360,500ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,360,500TotalExpensesPerForm990Amt

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 71,296.
PART XII, LINE 2D - OTHER ADJUSTMENTS:COST OF GOODS SOLD - NETTED ON PAGE 9 LINE 10B 71,296.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

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$20,646CashGrantAmt
Purpose Of GrantTO FUND THE SCHOLARSHIP PROGRAMPurposeOfGrantTxt

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 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$256,821$0$12,500$0$0$0$7,172$0$19,121$0$295,614$0$0$0
THOMAS DOYLE
DIRECTOR OF FINANCE$125,235$0$6,206$0$0$0$3,758$0$16,944$0$152,143$0$0$0
JOHN LAFFERTY
EXECUTIVE DIRECTOR$137,683$0$6,674$0$0$0$4,040$0$8,429$0$156,826$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11AN 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 BY REQUESTING THEM IN WRITING OR IN PERSON TO GREATER BOSTON REAL ESTATE BOARD. THE DIRECTOR OF FINANCE WILL PROVIDE THE INFORMATION.

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 (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GREATER BOSTON REAL ESTATE BOARD FOUNDATION
B$20,646BOOK
GREATER BOSTON REAL ESTATE BOARD FOUNDATION
E$61,858BOOK

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