2014-02-13T17:00:04-06:00 2013-09-30 CROWE HORWATH LLP 70 West Madison Street Suite 700 Chicago IL 606024903 990 2012-10-01 360904580 CHICAGO ASSOCIATION OF REALTORS CHIC 3128034900 200 SOUTH MICHIGAN AVENUE CHICAGO IL 60604 WARREN FRANK 2014-02-13 true NICOLE BENCIK P00756195 3128997000 2012 2015-11-30 17:44:51Z VIRGINIA DOWNS 200 SOUTH MICHIGAN AVENUE STE 400 CHICAGO IL 60604 5666665 false X WWW.CHICAGOREALTOR.COM X 1883 IL TO UNITE THE REAL ESTATE INDUSTRY IN CHICAGO THROUGH EDUCATION AND RESEARCH. 18 18 44 300 42143 8823 0 0 5023309 4827242 55503 93473 58679 85900 5137491 5006615 11300 52932 0 2374261 2253442 0 0 2689867 2336229 5075428 4642603 62063 364012 2516779 4193188 933796 2249893 1582983 1943295 THE CHICAGO ASSOCIATION OF REALTORS, THE "VOICE FOR REAL ESTATE" IN CHICAGO, REPRESENTS 11,500 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. false false 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 MEMBER SERVICES: RESEARCH PROGRAMS, WHICH COMPILE RELIABLE DATA CONCERNING REAL ESTATE, ITS TRENDS, AND MARKET CONDITIONS MEMBER DEVELOPMENT: PROVIDE REAL ESTATE EDUCATIONAL FACILITIES FOR MEMBERS AND, WHEN PRACTICAL, FOR NON-MEMBERS false false false false true false false false false false true false false true true true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 38 0 true 44 true true true false false false false false X 18 18 false false true false true false false true true false false true true true true true true true false false X WARREN FRANK 3128034900 200 SOUTH MICHIGAN AVENUE STE 400 CHICAGO IL 60604 EZEKIEL MORRIS 19.00 2.00 X X 8500 0 0 HUGH RIDER 2.00 1.00 X X 1500 0 0 MATTHEW FARRELL 14.00 1.00 X X 1500 0 0 DAN WAGNER 2.00 1.00 X 0 0 0 DEENA ZIMMERMAN 2.00 0.00 X 0 0 0 GEORGE SCHULTZ 2.00 0.00 X 0 0 0 JUAN DEL REAL 2.00 1.00 X 0 0 0 KATHRYN A KALNES 2.00 0.00 X 0 0 0 LADONNA REED 2.00 0.00 X 0 0 0 MATTHEW SILVER 2.00 0.00 X 0 0 0 REBECCA THOMSON 2.00 0.00 X 0 0 0 RON D ABRAMS 2.00 1.00 X 4500 0 0 SARAH COULTER 2.00 1.00 X 0 0 0 SARAH WARE 2.00 1.00 X 0 0 0 SONIA ANAYA 2.00 1.00 X 0 0 0 TOMMY CHOI 2.00 1.00 X 0 0 0 WAYNE P CAPLAN 2.00 1.00 X 0 0 0 WILLIAM CROWDEN 2.00 0.00 X 0 0 0 VIRGINIA DOWNS 47.00 2.00 X 313286 0 16345 WARREN FRANK 49.00 0.00 X 171721 0 20511 BARBARA MATTHOPOLOUS 45.00 0.00 X 116713 0 12653 617720 0 49509 3 false true false HOLLAND & KNIGHT LLP 131 S DEARBORN - 30TH FLOOR CHICAGO IL 60603 LEGAL SERVICES 121636 1 0 MEMBERSHIP DUES 531390 2730606 2730606 MEMBER PROFESSIONAL DEVELOPMENT 611600 988427 988427 MEMBER FEES 531390 766604 766604 MEMBER EVENTS 531390 289663 289663 OTHER MEMBER SERVICES 531390 51942 51942 0 0 0 0 4827242 48419 323 48096 0 1183 1183 20000 20000 0 20000 20000 656692 611638 45054 0 45054 45054 0 0 50309 48412 1897 1897 ADMINISTRATIVE FEES FROM RELATED ORGANIZATION 900099 21000 21000 ADVERTISING & MEDIA CONSULTING 541800 41820 41820 0 0 0 0 0 62820 5006615 4850139 42143 114333 52932 531743 1388546 47216 135738 150199 119154 45134 93135 210266 255180 506248 13584 66377 164132 26062 MEMBER EVENTS & SERVICES 364861 MEMBER PROMOTION & PROFESSIONAL DEVELOPMENT 286148 ASSOCIATION GOVERNANCE & GOVERNMENT AFFAIRS 113033 INCOME TAX EXPENSE 76 72839 4642603 0 0 0 -170305 -169796 646648 2151856 16503 103918 0 0 29441 31262 128857 93467 1836777 1411023 503133 425754 1218356 1289621 0 0 0 0 144146 267106 2516779 4193188 301374 370290 601298 1586722 0 31124 292881 933796 2249893 X 1582983 1943295 1582983 1943295 2516779 4193188 364012 -3700 0 X false true X true false false false false 2730606 5000 0 5000 0 0 5000 25000 25000 126849 33390 93459 372085 232162 139923 1312843 1145471 167372 0 425754 DEPOSITS ON LEASED OFFICE SPACE AND EQUIPMENT 23959 DUE FROM AFFILIATE - NIREIN 243147 267106 0 DUES PAYABLE TO NATIONAL AND STATE ASSOCIATIONS 292881 292881 X 5033395 -3700 48412 44712 4988683 17932 17932 5006615 4673083 48412 48412 4624671 17932 17932 4642603 FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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 2013 AND 2012. CAR PAID NO INCOME TAXES IN 2013 AND 2012. THE TAX RETURNS FOR THE ORGANIZATION FOR THE YEARS ENDED SEPTEMBER 30, 2010 THROUGH 2012 ARE OPEN YEARS FOR PURPOSES OF ANY FUTURE IRS OR ILLINOIS DEPARTMENT OF REVENUE EXAMINATIONS. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d COST OF GOODS SOLD - 48412; Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b CONTRIBUTIONS TO RELATED ORGANIZATION (CAREF) - 17932; Other expenses in audited financial statements not in form 990 Schedule D, Part XII, Line 2d COST OF GOODS SOLD - 48412; Other expenses in form 990 not in audited financial statements Schedule D, Part XII, Line 4b CONTRIBUTIONS TO RELATED ORGANIZATION (CAREF) - 17932; true REALTORS RELIEF FOUNDATION 430 NORTH MICHIGAN AVENUE CHICAGO IL 60611 364468109 501(C)(3) 25000 0 N/A N/A DISASTER RELIEF FOR HURRICANE SANDY VICTIMS CHICAGO ASSOCIATION OF REALTORS EDUCATIONAL FOUNDATION 200 SOUTH MICHIGAN AVENUE SUITE 40 CHICAGO IL 60604 363746120 501(C)(3) 17932 0 N/A N/A REAL ESTATE EDUCATION & RESEARCH 2 0 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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. X X X false false false VIRGINIA DOWNS 289530 0 8713 0 15043 0 9850 0 6495 0 329631 0 0 0 WARREN FRANK 167270 0 1000 0 3451 0 7079 0 13432 0 192232 0 0 0 Material differences in voting rights Form 990, Part VI, Section A, Line 1a 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. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 AMENDMENTS WERE MADE TO ARTICLE XIII OF THE ORGANIZATION'S BYLAWS TO EXPAND THE POOL OF CANDIDATES FOR THE ANNUAL ELECTION OF OFFICERS. Classes of members or stockholders Form 990, Part VI, Section A, Line 6 THERE ARE NINE CATEGORIES OF MEMBERS AUTHORIZED IN THE ORGANIZATION'S BYLAWS, AS FOLLOWS: 1. REALTOR® MEMBERS THE DIFFERENT TYPES OF REALTOR® MEMBERS INCLUDE: - INDIVIDUALS WHO ARE SOLE PROPRIETORS, PARTNERS, CORPORATE OFFICERS, OR BRANCH OFFICE MANAGERS AND ARE ENGAGED ACTIVELY IN THE REAL ESTATE PROFESSION BY BUYING, SELLING, EXCHANGING, RENTING, 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 LOCATED WITHIN THE STATE OF ILLINOIS, OR A STATE CONTIGUOUS THERETO. - 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 SET OUT IN ARTICLE VII OF THE ORGANIZATION'S BY-LAWS. - CORPORATE OFFICERS (WHO MAY BE LICENSED OR UNLICENSED) OF A REAL ESTATE BROKERAGE FRANCHISE ORGANIZATION WITH AT LEAST 150 FRANCHISEES LOCATED WITHIN THE UNITED STATES, ITS INSULAR POSSESSIONS AND THE COMMONWEALTH OF PUERTO RICO, ELECTED TO MEMBERSHIP PURSUANT TO THE CONSTITUTION AND BY-LAWS OF THE NATIONAL ASSOCIATION OF REALTORS (NAR). 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. 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. 3. 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 THE ORGANIZATION'S BY-LAWS, 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 SECTION 14.2 OF THE ORGANIZATION'S BY-LAWS 4. 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®. 5. PROPERTY OWNER MEMBERS 6. ACTIVE LIFE MEMBERS 7. 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, (C) ACTIVE LIFE MEMBERS, (C) HALL OF FAME MEMBERS, AND (D) 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 IAR 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. 8. 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. 9. 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®. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b AN ELECTRONIC COPY OF FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. BOARD MEMBERS ARE INSTRUCTED TO NOTIFY THE ORGANIZATION'S COFO OF ANY QUESTIONS OR COMMENTS. Conflict of interest policy Form 990, Part VI, Section B, Line 12c DIRECTORS 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION FOR THE ORGANIZATION'S CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE AFTER REVIEW OF THE COMPENSATION SURVEY FROM THE ASSOCIATION FORUM AND COMPENSATION INFORMATION REPORTED IN FORMS 990 FOR OTHER SIMILARLY SIZED REALTOR ASSOCIATIONS. THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION INFORMATION AND CONDUCTS A FORMAL PERFORMANCE EVALUATION OF THE CEO, AND THEN PREPARES A FORMAL MOTION FOR APPROVAL BY THE BOARD OF DIRECTORS. THE REVIEW AND APPROVAL PROCESS IS DOCUMENTED IN THE EXECUTIVE COMMITTEE AND BOARD MEETING MINUTES, AND WAS LAST PERFORMED IN APRIL/MAY 2013. THE APPROVED MOTION, ALONG WITH THE PERFORMANCE EVALUATION AND COMPARABILITY DATA, ARE ALSO PLACED IN THE CEO'S PERSONNEL FILE. PROCESS USED TO ESTABLISH COMPENSATION OF OTHER OFFICERS/KEY EMPLOYEES FORM 990, PART VI, LINE 15B COMPENSATION FOR THE ORGANIZATION'S COFO IS DETERMINED BY THE CEO AFTER REVIEW THE COMPENSATION SURVEY FROM THE ASSOCIATION FORUM. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHICAGO ASSOCIATION OF REALTORS EDUCATIONAL FOUNDATION INC 200 SOUTH MICHIGAN AVENUE SUITE 400 CHICAGO IL 60604 RESEARCH & EDUCATION IN REAL ESTATE IL 501(C)(3) 11 - Type III - FI NA false NORTHERN ILLINOIS REAL ESTATE INFORMATION NETWORK 200 SOUTH MICHIGAN AVENUE SUITE 400 CHICAGO IL 60604 363425361 REAL ESTATE INFORMATION SERVICES IL CHICAGO ASSOCIATION OF REALTORS C CORPORATION 114846 2617 1 true true true false false false false false false false true false true false true true true true false false NORTHERN ILLINOIS REAL ESTATE INFORMATION NETWORK INC A 323 ACTUAL