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Illinois Real Estate Educational Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237289227 ✦ Springfield, IL ✦ Designated as a 501(c)(3)

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Overview

What is Illinois Real Estate Educational Foundation?

The Illinois Real Estate Educational Foundation, situated in Springfield, Illinois, is a nonprofit organization dedicated to fostering education within the real estate sector. They achieve this goal by providing continuing education and training opportunities for established real estate professionals and granting scholarships to aspiring students eager to delve into this field. The foundation's mission revolves around promoting education and offering financial assistance to students, thereby contributing to the growth and development of the real estate industry as a whole.


Official website here: www.ilreef.org

Is Illinois Real Estate Educational Foundation legitimate?

Illinois Real Estate Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Real Estate Educational Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,000

For more financial information, click here


Official website here: www.ilreef.org

What is the mission statement of Illinois Real Estate Educational Foundation?

The Illinois Real Estate Educational Foundation focuses on two key areas: providing continuing education and training for real estate professionals, and granting scholarships to students interested in pursuing a career in real estate. Its mission is to promote education in the real estate industry by awarding scholarships, thereby fostering suitable standards of education throughout all phases of this field. The foundation aims to contribute to the professional growth of real estate professionals and encourage talented individuals to join the industry.


Official website here: www.ilreef.org

Who is the CEO of Illinois Real Estate Educational Foundation?

Cathy Madaus is the Chairman of Illinois Real Estate Educational Foundation.


Official website here: www.ilreef.org

What is the revenue of Illinois Real Estate Educational Foundation?

Illinois Real Estate Educational Foundation's revenue in 2022 was $250,026.


Official website here: www.ilreef.org

Who are the executives of Illinois Real Estate Educational Foundation and what are their salaries?

There 17 volunteers at Illinois Real Estate Educational Foundation.


Here are 19 key members and their salaries:


Amy Barnes (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenni Beck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Greenwalt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Haisler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Mccoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Shaffer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Sim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ginger Sreenan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Tenggren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristie Tindall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Ware (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Wirth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Workman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Clayton (Foundation Manager)
  • Compensation: $0
  • Related: $89,693
  • Other: $34,116
Cathy Madaus (Treasurer)
  • Compensation: $0
  • Related: $163,020
  • Other: $21,801


Official website here: www.ilreef.org

Where can I find the form 990 for Illinois Real Estate Educational Foundation?

Illinois Real Estate Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ilreef.org

Learn more at the official website: www.ilreef.org

Mission Statement of Illinois Real Estate Educational Foundation

The Illinois Real Estate Educational Foundation, as its name suggests, is dedicated to furthering the education and training of professionals in the real estate sector. One of its primary objectives is to grant scholarships to students who have shown an interest in pursuing a career in real estate or seeking an education related to the industry. By awarding these scholarships, the foundation aims to uphold and encourage suitable educational standards throughout all phases of the real estate field. In addition to its scholarship program, the Illinois Real Estate Educational Foundation also works to promote education related to the real estate industry, contributing to the overall growth and development of this field.

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Impact




October, 2024

The Illinois Real Estate Educational Foundation significantly enhances the professional development of real estate professionals through ongoing education and training programs. By offering scholarships, it empowers students eager to enter the real estate field, ensuring that the next generation of professionals receives quality education. This commitment not only elevates individual careers but also promotes high standards across the industry. The foundation's efforts foster a more knowledgeable workforce, ultimately contributing to the overall growth and integrity of the real estate sector in Illinois.




This information is meant to be a general summary of Illinois Real Estate Educational Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$250,026 (2022)
Expenses
$82,356 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38,962
  • Gross Receipts: $380,343

Assets and Liabilities:

  • Total Assets: $1,799,026
  • Total Liabilities: $32,910
  • Net Assets: $1,766,116

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Organization Details

Founding Year

1970

Principal Officer

Cathy Madaus

Main Address

522 SOUTH 5TH STREET, SPRINGFIELD, IL, 62701

NTEE Category

Code: B82 - Education

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