Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode Island in Providence, Rhode Island (RI)

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Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode Island
Employer Identification Number (EIN)050380673
Name of OrganizationInstitute Of Real Estate Management Of The Natl Assn Of Realtors
Secondary Name88 Greater Rhode Island
AddressPO BOX 41497, Providence, RI 02940-1497
ActivitiesReal estate association, Professional association
SubsectionReal Estate Board
Ruling Date08/1976
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$76,403
Amount of Income$156,935
Form 990 Revenue Amount$156,935
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Real Estate Organizations


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Amount of income in 2013: $156,935
This organization: 

 $156,935
Other organizations performing similar types of work: 

 $180,793

Assets in 2013: $76,403
Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode Island: 

 $76,403
Other organizations performing similar types of work: 

 $186,266

Expenses in 2013: $145,725
Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode Island: 

 $145,725
Other organizations performing similar types of work: 

 $143,238

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode Island: 

 0.0%
Other organizations performing similar types of work: 

 26.3%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$144,755$154,766$156,935
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$112,402$121,805$114,431
Membership dues and assessments$32,352$32,818$42,220
Investment income$0$142$284
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$130,185$148,455$145,725
Total net assets$58,882$65,193$76,403
Excess/Deficit for the year$14,569$6,310$11,210
Net assets or fund balances at beginning of year$44,313$58,883$65,193
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$65,193$76,403
Balance Sheets
201120122013
Total assets$58,882$65,193$76,403
Total liabilities$0$0$0
Net assets or fund balances$58,882$65,193$76,403
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$44,562$61,125$70,780
Contributions, gifts, grants, and similar amounts received$0$0$0
Contributions to donor advised funds
Direct public support$0$0$0
Indirect public support$0$0$0
Government contributions (grants)$0$0$0
Program service revenue including government fees and contracts$29,094$20,570$0
Membership dues and assessments$14,969$16,335$42,654
Interest on savings and temporary cash investments$499$168$161
Dividends and interest from securities$0$0$0
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$0$0$0
Gross revenue$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$24,052$27,965
Total expenses$47,920$65,323$70,709
Program services$0$0$0
Management and general$0$0$0
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$15,876$11,858$11,929
Excess or (deficit) for the year$-3,358$-4,198$71
Net assets or fund balances at beginning of year$19,236$15,876$11,858
Other changes in net assets or fund balances$0$180$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$70,709$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$1,963
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$10,190$0$0$0
Legal fees$0$0$0$0
Supplies$77$0$0$0
Telephone$978$0$0$0
Postage and shipping$1,187$0$0$0
Occupancy$0$0$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$2,067$0$0$0
Travel$8,315$0$0$0
Conferences, conventions, and meetings$45,140$0$0$0
Interest$278$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$517$0$0$0
Balance Sheets
200020012002
Total assets$15,876$11,858$11,930
Cash - non-interest-bearing$178$11,858$11,930
Savings and temporary cash investments$15,698$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0
Grants receivable$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$0$0$0
Total liabilities$0$0$0
Accounts payable and accrued expenses$0$0$0
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$0$0$0
Other liabilities$0$0$0
Total liabilities and net assets/fund balances$15,876$11,858$11,930
Total net assets or fund balances$15,876$11,858$11,930
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0
Other expenses$0$0$0
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$0$0$0
Total expenses and losses per audited financial statements$0$0$0
Other revenue$0$0$0
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$70,780$0$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments999999$42,65400$0$0
Interest on savings and temporary cash investments999999$16100$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue999999$27,96500$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001
Total$0$0$0
Gifts, grants, and contributions received$0$0$0
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Institute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode IslandPO BOX 41497, Providence, RI 02940-1497RI1976-08$156,935
2Star Island Corporation30 Middle St, Portsmouth, NH 03801-4305NH1947-02$3,249,553
3Institute Of Real Estate Mangement Of The Nar 91 Orange County1405 Warner Ave Ste B, Tustin, CA 92780-6405CA1976-08$705,581
4Wisconsin Real Estate AlumniPO BOX 307, Pewaukee, WI 53072-0307WI1994-06$396,381
5Southwest Louisiana Association Of Realtors Inc182 Williamsburg St, Lake Charles, LA 70605-5720LA1979-01$395,184
6Samaritan Community Health Services IncPO BOX 368, Webster, MA 01570-0368MA1989-11$339,313
7Institute Of Real Estate Management Natl Assn Of Realtors, Irem Delaware Valley 3PO BOX 65, Riverton, NJ 08077-0065NJ1976-08$324,268
8Spartanburg Association Of Realtors Inc225 N Pine St, Spartanburg, SC 29302-1666SC1964-12$207,274
9Real Estate Development Process Seminar Inc, The Redi Foundation Inc233 South Federal Highway, Boca Raton, FL 33432FL1980-07$198,073
10Warc Properties Inc265 Saw Mill River Rd, Hawthorne, NY 10532-1509NY1974-03$175,170
11Kentco Holding Inc2756 Post Road No 100, Warwick, RI 02886-3003RI1993-05$174,612
12Institute Of Real Estate Management Of The Natl Assn Of Realtors, 24 IndianapolisPO BOX 90403, Indianapolis, IN 46290-0403IN1976-08$156,330
13Institute Of Real Estate Management Of The Natl Assn Of Realtors, 17 Greater Denver13377 Race St, Thornton, CO 80241-1952CO1976-08$139,354
14Institute Of Real Estate Management Of The Natl Assn Of Realtors, 43 Alabama5184 Caldwell Mill Rd Ste 204-240, Birmingham, AL 35244-1912AL1976-08$88,508
15Tennessee Real Estate Educational Foundation Inc901 19th Ave S, Nashville, TN 37212-2137TN1974-09$82,153
16Institute Of Real Estate Management Of The Natl Assn Of Realtors, 33 UtahPO BOX 23, Springville, UT 84663-0023UT1976-08$74,440
17Institute Of Real Estate Management Of The Natl Assn Of Realtors250 S 5th, Boise, ID 83702ID1976-08$62,107
18Codman Square Neighborhood Council14 Euclid Street, Dorchester, MA 02124MA1996-01$28,768
19Stanley H Mathis Foundation2201 Brothers Rd, Santa Fe, NM 87505-6913NM1977-06$26,419
20Standard Realty Inc528 North Main Street, Providence, RI 02904RI1984-03$0
Number of organizations performing similar types of work
Alabama1
Arkansas1
Arizona1
California5
Colorado1
District of Columbia1
Florida6
Georgia1
Hawaii2
Idaho1
Illinois11
Indiana5
Louisiana2
Massachusetts11
Maryland2
Maine1
Michigan4
Minnesota1
Missouri2
Mississippi1
North Carolina2
New Hampshire1
New Jersey2
New Mexico2
New York9
Ohio3
Oklahoma1
Oregon1
Pennsylvania1
Rhode Island3
South Carolina1
Tennessee4
Texas3
Utah1
Virginia1
Washington1
Wisconsin2
Total98
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralInstitute Of Real Estate Management Of The Natl Assn Of Realtors, Irem430 N Michigan Ave, Chicago, IL 60611-4011IL1976-08$15,819,638
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 88 Greater Rhode IslandPO BOX 41497, Providence, RI 02940-1497RI1976-08$156,935
SubordinateInstitute Of Real Estate Mangement Of The Nar 91 Orange County1405 Warner Ave Ste B, Tustin, CA 92780-6405CA1976-08$705,581
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 28 Houston5851 San Felipe St Ste 235, Houston, TX 77057-8009TX1976-08$487,778
SubordinateInstitute Of Real Estate Management Of The National Association Of Rea, 14 Dallas5080 Spectrum Drive Ste 103 East, Addison, TX 75001-6458TX1976-08$440,182
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 91 Orange County1405 Warner Ave Ste B, Tustin, CA 92780-6437CA1976-08$425,027
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 4 Boston Metropolitan50 Redfield St Ste 109, Boston, MA 02122-3641MA1976-08$405,283
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 23 Chicago2901 Butterfield Rd, Oakbrook, IL 60523-1159IL1976-08$401,210
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 6 Greater Los Angeles430 N Michigan Avenue, Chicago, IL 60611-4011IL1976-08$375,536
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 18 San Diego4849 Ronson Court, San Diego, CA 92111-1805CA1976-08$340,522
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 26 Greater New York114-71 175th 19, Jamaica, NY 11434-1307NY1976-08$332,177
SubordinateInstitute Of Real Estate Management Natl Assn Of Realtors, Irem Delaware Valley 3PO BOX 65, Riverton, NJ 08077-0065NJ1976-08$324,268
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 8 Greater Metropolitan WashingtonPO BOX 86252, Gaithersburg, MD 20886-6252MD1976-08$269,284
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, Irem Minnesota Chapter 454248 Park Glen Rd, Minneapolis, MN 55416-4758MN1976-08$243,461
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, Irem Michigan Chapter 524125 Drake Rd, Farmingtn Hls, MI 48335-3108MI1976-08$242,059
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 21 San Francisco Bay Area6610 Merchant St, Petaluma, CA 94952-9723CA1976-08$240,524
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 13 Milwaukee11801 W Silver Spring Dr Ste 200, Milwaukee, WI 53225-3092WI1976-08$233,660
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 99 Las Vegas1301 S Jones Blvd, Las Vegas, NV 89146-1200NV1976-08$222,337
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 92 West Central MarylandPO BOX 86101, Gaithersburg, MD 20886-6101MD1976-08$220,417
SubordinateInstitute Of Real Estate Management Of The Natl Assn Of Realtors, 47 Institute Of Real Estate MgmtPO BOX 11369, Chandler, AZ 85248-0007AZ1976-08$213,710
Number of affiliated organizations
Alaska1
Alabama2
Arkansas1
Arizona2
California8
Colorado2
Connecticut1
Florida6
Georgia1
Hawaii1
Iowa1
Idaho1
Illinois10
Indiana3
Kansas1
Kentucky2
Louisiana1
Massachusetts1
Maryland4
Michigan2
Minnesota1
Missouri2
Mississippi2
North Carolina4
Nebraska1
New Jersey3
New Mexico1
Nevada2
New York3
Ohio2
Oklahoma1
Oregon1
Pennsylvania1
Rhode Island1
South Carolina1
Tennessee3
Texas6
Utah2
Virginia2
Washington1
Wisconsin3
Total94

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