2016-09-28T10:58:39-05:00 2015-12-31 263753134 CBIZ TOFIAS 500 BOYLSTON STREET BOSTON MA 02116 990 2015-01-01 041107040 GREATER BOSTON REAL ESTATE BOARD GREA 6174238700 ONE CENTER PLAZA MEZZANINE SUITE BOSTON MA 02108 GREGORY VASIL CEO 6174238700 2016-09-27 1 JOSEPH M GISO P00030126 6177610600 2015 2017-02-10 21:41:12Z GREGORY VASIL ONE CENTER PLAZA MEZZANINE SUITE BOSTON MA 02108 5563616 0 X WWW.GBREB.COM X 1889 MA THE 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. 25 25 35 75 0 0 2827382 2978651 2185295 2058025 63917 5662 399329 413080 5475923 5455418 82339 21146 0 0 2233738 2265059 0 0 0 3061043 3074295 5377120 5360500 98803 94918 5763204 5829459 2560689 2544895 3202515 3284564 X THE 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. 0 0 2471107 ADVOCATED, 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 REALTORS 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 29 0 1 35 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X THOMAS F DOYLE DIRECTOR OF FINANC 6173997850 ONE CENTER PLAZA MEZZANINE SUITE BOSTON MA 02108 RICHARD BEAL CHAIRMAN 4.00 2.00 X X 0 0 0 ERIKA E CLARKE FINANCE CHAIR 2.00 0.50 X 0 0 0 KRISTEN BLOUNT CHAIRWOMAN-ELECT 2.00 0.50 X X 0 0 0 RICHARD J HENKEN TREASURER 2.00 0.50 X X 0 0 0 MICHAEL DIMELLA CLERK 2.00 0.50 X X 0 0 0 ROBERT M BRIERLEY DIRECTOR 1.00 0.50 X 0 0 0 LAURIE E CADIGAN DIRECTOR 1.00 0.50 X 0 0 0 JUNE CUNNIFF DIRECTOR 1.00 0.50 X 0 0 0 WILLIAM R DERMONDY DIRECTOR 1.00 0.50 X 0 0 0 DAVID E FITZGERALD DIRECTOR 1.00 0.50 X 0 0 0 DAVID FRIEDBERG DIRECTOR 1.00 0.50 X 0 0 0 JASON GELL DIRECTOR 1.00 0.50 X 0 0 0 MIKE GILL DIRECTOR 1.00 0.50 X 0 0 0 NATALE HERALD DIRECTOR 1.00 0.50 X 0 0 0 SARAH MATHEWSON DIRECTOR 1.00 0.50 X 0 0 0 DAVID MCCARTHY DIRECTOR 1.00 0.50 X 0 0 0 GORDON PULSIFER DIRECTOR 1.00 0.50 X 0 0 0 JOHN RANCO DIRECTOR 1.00 0.50 X 0 0 0 CHRISTOPHER REILLY DIRECTOR 2.00 0.50 X 0 0 0 LAURENCE RIDEOUT DIRECTOR 1.00 0.50 X 0 0 0 ANDREW ROSEN DIRECTOR 1.00 0.50 X 0 0 0 ANDREW SARNO DIRECTOR 1.00 0.50 X 0 0 0 ROBERT SHORTSLEEVE JR CRB DIRECTOR 1.00 0.50 X 0 0 0 ADAM SUBBER DIRECTOR 1.00 0.50 X 0 0 0 GILBERT WINN DIRECTOR 1.00 0.50 X 0 0 0 GREGORY VASIL CEO 40.00 4.00 X 269321 0 26293 THOMAS DOYLE DIRECTOR OF FINANCE 36.00 4.00 X 131441 0 20702 ADRIENNE MALEY EXECUTIVE DIRECTOR 40.00 0.50 X 116498 0 10269 JOHN DULCZEWSKI EXECUTIVE DIRECTOR 40.00 0.50 X 136068 0 12102 JOHN LAFFERTY EXECUTIVE DIRECTOR 40.00 0.50 X 144357 0 12469 WILLIAM MULLEN LEGAL COUNSEL 40.00 0.50 X 114868 0 10352 PATRICIA BAUMER DIRECTOR OF GOVT. AFFAIRS 40.00 0.50 X 103918 0 9928 1016471 0 102115 7 0 1 0 0 2978651 2978651 FUNCTIONS & EDUCATION 900099 2058025 2058025 2058025 42564 42564 36902 -36902 -36902 -36902 244242 71296 172946 172946 OTHER INCOME 900099 207384 207384 MANAGEMENT FEE 900099 32750 32750 240134 5455418 2471105 0 5662 21146 447756 1484784 187237 145282 74287 49200 140000 49043 158996 214646 342642 98315 1260092 232851 108388 36261 EQUIPMENT RENTAL/MAINT. 62411 CHARITABLE DONATIONS 44000 TELEPHONE 37459 POSTAGE & SHIPPING 33340 132364 5360500 304348 252552 2090982 2516914 417229 278134 190756 134124 1174526 829135 404625 345391 2355264 2302344 5763204 5829459 1360886 1318402 1021715 1033033 178088 193460 2560689 2544895 X 3032417 3114466 170098 170098 3202515 3284564 5763204 5829459 94918 -12869 0 X 0 1 X 1 0 0 1 0 1174526 829135 345391 345391 MONEY MARKET FUNDS 2296677 F FOREIGN EQUITIES 5667 F 2302344 ACCRUED RENT 131602 DUE TO AFFILIATE 61858 193460 X 5513845 -12869 71296 58427 5455418 0 5455418 5431796 71296 71296 5360500 0 5360500 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. 0 GREATER BOSTON REAL ESTATE BOARD FOUNDATION ONE CENTER PLAZA MEZZANINE SUITE BOSTON MA 02108 223299681 501(C)(3) 20646 TO FUND THE SCHOLARSHIP PROGRAM 1 X X 0 0 0 GREGORY VASIL CEO 256821 0 12500 0 0 0 7172 0 19121 0 295614 0 0 0 THOMAS DOYLE DIRECTOR OF FINANCE 125235 0 6206 0 0 0 3758 0 16944 0 152143 0 0 0 JOHN LAFFERTY EXECUTIVE DIRECTOR 137683 0 6674 0 0 0 4040 0 8429 0 156826 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 AN 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 12C THE 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 15 THE 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 19 THE 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. GREATER BOSTON REAL ESTATE BOARD FOUNDATION 1 CENTER PLAZA BOSTON MA 02108 223299681 TO MAKE GRANTS TO CHARITABLE ORGANIZATION IN GREATER BOSTON. MA 501(C)(3) 7 N/A 1 GREATER BOSTON REAL ESTATE BOARD - PAC 1 CENTER PLAZA BOSTON MA 02108 043468188 POLITICAL ACTION COMMITTEE MA 527 N/A N/A 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 GREATER BOSTON REAL ESTATE BOARD FOUNDATION B 20646 BOOK GREATER BOSTON REAL ESTATE BOARD FOUNDATION E 61858 BOOK