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Institute Of Real Estate Management Foundation

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

EIN: 362924251 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Institute Of Real Estate Management Foundation?

The Institute of Real Estate Management Foundation is a nonprofit organization situated in Chicago, Illinois. Its primary mission is to foster and nurture careers in real estate management by offering scholarship programs. The foundation serves as a resource, providing assistance to individuals and organizations aiming to progress within the real estate sector. It supports initiatives that promote diversity, engage young professionals, and expand industry knowledge, all endorsed or developed by the Institute of Real Estate Management.


Official website here: www.iremfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 84%, Three-Star out of Four Star rating.

The Institute Of Real Estate Management Foundation has achieved an overall score of 84%, reflecting solid accountability and financial practices. The organization excels in having a majority of independent board members, an independent board size, and a strong financial oversight committee, which contributes positively to its governance. Additionally, it maintains a low liabilities to assets ratio indicating financial stability.

However, there are notable limitations regarding its policies. The missing conflict of interest and whistleblower policies highlight areas where the foundation could improve its governance framework. Furthermore, the absence of its tax forms on the nonprofit's website raises transparency concerns. Despite these issues, the foundation's program expense ratio of over 67% indicates that a substantial portion of its funds is directed toward its mission-related activities.


This AI summary has been generated from information found on Charity Navigator.

Is Institute Of Real Estate Management Foundation legitimate?

Institute Of Real Estate Management Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Real Estate Management 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: $0

For more financial information, click here


Official website here: www.iremfoundation.org

What is the mission statement of Institute Of Real Estate Management Foundation?

The Institute of Real Estate Management Foundation's mission is to serve as a resource for individuals and organizations aiming to advance the real estate management profession. The foundation supports initiatives approved or endorsed by the Institute of Real Estate Management, with a focus on increasing diversity, engaging young professionals, and expanding industry knowledge. The foundation also offers scholarship programs to attract and develop individuals for careers in real estate management.


Official website here: www.iremfoundation.org

Who is the CEO of Institute Of Real Estate Management Foundation?

Linda Caradine-Poinsett is the President of Institute Of Real Estate Management Foundation.


Official website here: www.iremfoundation.org

What is the revenue of Institute Of Real Estate Management Foundation?

Institute Of Real Estate Management Foundation's revenue in 2022 was $600,024.


Official website here: www.iremfoundation.org

Who are the executives of Institute Of Real Estate Management Foundation and what are their salaries?

There 21 volunteers at Institute Of Real Estate Management Foundation.


Here are 22 key members and their salaries:


Karen Pharr Cpm (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dee Headley Cpm (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter Crumpler Cpm (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Scott Cpm (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malcolm Bates Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anshu Bera Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terrell Edwards Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Ann Ekre Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Forsyth Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Gray Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaci Hancock Cpm Acom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shawn Harvey Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Byrdy Kelley Cpm Arm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Khan Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Mellen Cpm Arm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick Prassas Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Reisch Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael B Simmons Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Tucker Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Wirth Cpm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Caradaine-Poinsett (Executive Director-June 1,2022)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.iremfoundation.org

Where can I find the form 990 for Institute Of Real Estate Management Foundation?

Institute Of Real Estate Management Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iremfoundation.org

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

Mission Statement of Institute Of Real Estate Management Foundation

The Institute of Real Estate Management Foundation's mission is geared towards serving as a resource for individuals and organizations aiming to progress within the real estate profession. The foundation's purpose is to support initiatives that are either developed or endorsed by the Institute of Real Estate Management (IREM), with a focus on enhancing diversity, engaging young professionals, and expanding industry knowledge. The IREM Foundation's scholarship programs are specifically designed to attract and cultivate individuals for careers in real estate management, thereby contributing to the overall growth and development of the profession.

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Impact




July, 2024

The Institute of Real Estate Management Foundation's impact is significant in advancing the real estate profession by providing resources for individuals and organizations seeking to excel in real estate management. Through its scholarship programs, the foundation attracts and nurtures talent for careers in this field, contributing to the development of skilled professionals. Additionally, the foundation supports initiatives that promote diversity, engage young professionals, and expand industry knowledge, thereby enhancing the overall growth and development of the real estate management sector.




This information is meant to be a general summary of Institute Of Real Estate Management 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
$600,024 (2022)
Expenses
$805,863 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$81,184
  • Program Service Revenue: $12,575
  • Gross Receipts: $1,291,701

Assets and Liabilities:

  • Total Assets: $2,087,099
  • Total Liabilities: $55,731
  • Net Assets: $2,031,368

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REGISTRATION FEES

Revenue

$12,575

Organization Details

Founding Year

1977

Principal Officer

Linda Caradine-Poinsett

Main Address

430 N MICHIGAN AVENUE STE 500, CHICAGO, IL, 60611

NTEE Category

Code: S47C - Community improvement

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