2024-11-13T17:20:01-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2023-01-01 133120995 PENSION REAL ESTATE ASSOCIATION PENS 8606926341 100 PEARL STREET 13TH FLOOR HARTFORD CT 061034500 GAIL HAYNES PRESIDENT 8606926341 2024-11-13 1 0 LAURA J KENNEY P00202198 6177170831 2024-11-13 2023 2024-10-15 13:58:12Z GAIL HAYNES 100 PEARL STREET 13TH FLOOR HARTFORD CT 061034500 8233817 0 X WWW.PREA.ORG X 1983 NY PREA'S MISSION IS TO SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT 22 22 8 22 296750 0 0 0 6304170 7630542 67915 306525 416485 296750 6788570 8233817 1138125 140919 0 0 2144944 2071632 0 0 0 3320237 3405875 6603306 5618426 185264 2615391 7541887 10336369 1941112 2001339 5600775 8335030 PREA'S MISSION IS TO SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT THROUGH THE SPONSORSHIP OF OBJECTIVE FORUMS FOR EDUCATION, RESEARCH INITIATIVES, MEMBERSHIP INTERACTION AND THE EXCHANGE OF INFORMATION. 0 0 PROVISION OF EDUCATION TO ITS 700 MEMBERS PRIMARILY THROUGH RESEARCH, PUBLICATIONS, CONFERENCES AND ONLINE RESOURCES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 8 1 1 1 0 0 0 0 0 0 0 X 22 22 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X GAIL HAYNES 8606926341 100 PEARL STREET 13TH FLOOR HARTFORD CT 061034500 GAIL C HAYNES PRESIDENT 40.00 X 728381 0 50398 GREGORY H MACKINNON DIRECTOR-RESEARCH 40.00 X 330908 0 73878 JACK R NOWAKOWSKI DIRECTOR-INFORMATION 40.00 X 231239 0 26084 AMY LAFFARGUE DIRECTOR- MEETINGS & EVENTS 40.00 X 206000 0 51500 JARED CHASE STAFF WRITER & EDITOR 40.00 X 101506 0 18480 JENNIFER BLANCHARD FINANCIAL CONTROLLER 40.00 X 110000 0 8207 MANUEL CASAGNA CHAIR 0.50 X X 0 0 0 CATHERINE MARCUS IMMEDIATE PAST CHAIR 0.50 X X 0 0 0 GADI KAUFMANN TREASURER 0.50 X X 0 0 0 SALLY HASKINS SECRETARY 0.50 X X 0 0 0 ADAM GALLISTEL DIRECTOR 0.50 X 0 0 0 ANAR CHUDGAR VICE CHAIR 0.50 X 0 0 0 CHRISTOPHER MERRIL DIRECTOR 0.50 X 0 0 0 CHRISTY FIELDS DIRECTOR 0.50 X 0 0 0 CIA BUCKLEY MARAKOVITS DIRECTOR 0.50 X 0 0 0 DENNIS LOPEZ DIRECTOR 0.50 X 0 0 0 DHVANI SHAH DIRECTOR 0.50 X 0 0 0 ANDREW IERARDI DIRECTOR 0.50 X 0 0 0 LAWRENCE J HASS DIRECTOR 0.50 X 0 0 0 BARBARA JESUELE DIRECTOR 0.50 X 0 0 0 ISABELLE MARTIN DIRECTOR 0.50 X 0 0 0 JENNIFER STEVENS DIRECTOR 0.50 X 0 0 0 KIMBERLY ADAMS DIRECTOR 0.50 X 0 0 0 W JEFFREY BECKHAM DIRECTOR 0.50 X 0 0 0 JEFFREY GILLER DIRECTOR 0.50 X 0 0 0 JOHN GLUSZAK DIRECTOR 0.50 X 0 0 0 DANITA JOHNSON DIRECTOR 0.50 X 0 0 0 ADAM SCHWARTZ DIRECTOR 0.50 X 0 0 0 RALPH ROSENBERG DIRECTOR (THRU 03/23) 0.50 X 0 0 0 SONNY KALSI IMMEDIATE PAST CHAIR (THRU 3/23) 0.50 X 0 0 0 ANTHONY BREAULT DIRECTOR (THRU 03/23) 0.50 X 0 0 0 DAVID GILLAN DIRECTOR (THRU 03/23) 0.50 X 0 0 0 PETER BRAFFMAN DIRECTOR (THRU 03/23) 0.50 X 0 0 0 SPENCER HABER DIRECTOR (THRU 03/23) 0.50 X 0 0 0 1708034 0 228547 6 0 1 0 0 CONFERENCE FEES 900003 4815765 4815765 MEMBERSHIP DUES 900003 2814777 2814777 7630542 306525 306525 ADVERTISING INCOME 541800 296750 296750 296750 8233817 7630542 296750 306525 120800 20119 485379 1339676 69303 89875 87399 12330 20035 179230 150303 119872 150063 2469601 4321 36580 CREDIT CARD FEES 164002 RESEARCH PROJECTS 73754 FOUNDATION INITIATIVE 18653 EQUIPMENT MAINTENANCE 7131 5618426 808256 795795 6409819 9056919 70362 191029 111903 155993 130430 126839 7275 3591 134272 133042 7541887 10336369 388008 348243 996039 1034702 557065 618394 1941112 2001339 X 5600775 8335030 5600775 8335030 7541887 10336369 2615391 118864 0 X 0 1 X 1 0 0 1 0 130430 126839 3591 3591 DEFERRED COMPENSATION 481927 ROU LIABILITY 136467 618394 8352681 118864 118864 8233817 0 8233817 5618426 0 5618426 0 5618426 1 REAL ESTATE RESEARCH INSTITUTE 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 133415691 501 (C)(3) 10000 0 ANNUAL SUPPORT FOR RESEARCH SCHOLARSHIP AMERICA INC 7900 INTERNATIONAL DRIVE SUITE 500 MINNEAPOLIS MN 55425 042296967 501 (C)(3) 25800 0 FUNDING SCHOLARSHIPS ROBERT TOIGO FOUNDATION 555 12TH STREET SUITE 275 OAKLAND CA 94612 133565420 501 (C)(3) 10000 0 ASSIST ORGANIZATION IN FUNDING REAL ESTATE INVESTMENT RESEARCH REPORTING STANDARDS 105 W MADISON STREET SUITE 1313 WASHINGTON DC 20037 942834824 75000 0 JOINT INITIATIVE 3 1 JOHN W. KOZA LEADERSHIP PROGRAM FOR LEADERS IN THE INSTITUTIONAL INVESTOR COMMUNITY. 8 9619 GRAASKAMP RESEARCH AWARD RECOGNIZING A LEADING INSTITUTIONAL RESEARCHER 1 10500 PART I, LINE 2: STUDENT RECIPIENTS ARE MONITORED TO ENSURE THEY COMPLETE THEIR COURSE OF STUDY. PREA'S PRESIDENT AND DIRECTOR OF INFORMATION SERVICES REGULARLY REVIEW GRANTS AND SCHOLARSHIPS WITH THE RECIPIENT ORGANIZATIONS, INCLUDING AGREEMENT OF AMOUNT AND USAGE OF FUNDING, AND FOLLOW UP WITH SCHOLARSHIP RECIPIENTS TO ENSURE COMPLETION OF ANY REQUIREMENTS. X 0 1 0 GAIL C HAYNES PRESIDENT 300000 0 100000 0 328381 0 33000 0 17398 0 778779 0 293400 0 GREGORY H MACKINNON DIRECTOR-RESEARCH 300000 0 30000 0 908 0 33000 0 40878 0 404786 0 0 0 JACK R NOWAKOWSKI DIRECTOR-INFORMATION 202000 0 28000 0 1239 0 23124 0 2960 0 257323 0 0 0 AMY LAFFARGUE DIRECTOR- MEETINGS & EVENTS 176000 0 30000 0 0 0 51500 0 0 0 257500 0 0 0 PART I, LINE 4B GAIL HAYNES PARTICIPATED IN A SECTION 457(F) PLAN. SHE VESTED AS OF 12/31/23 AND $326,527 IS REPORTED AS HER 2023 TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). THE AMOUNT WAS INADVERTENTLY EXCLUDED FROM HER 2023 FORM W-2. HOWEVER, THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF AMENDING THE 2023 FORM W-2 TO CORRECTLY REPORT THE VESTED COMPENSATION, CONSISTENT WITH THIS FORM 990 FILING. AMY LAFFARGUE PARTICIPATES IN A SECTION 457(F) PLAN. CONTRIBUTIONS OF $30,900 WERE MADE TO THE PLAN IN 2023. THE SECTION 457(F) PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS IF SOMETHING NEEDS TO BE ADDRESSED TIMELY. THE EXECUTIVE COMMITTEE IS COMPRISED OF 6 MEMBERS: THE FOUR CURRENT OFFICERS (CHAIR, VICE CHAIR, TREASURER, SECRETARY), THE IMMEDIATE PAST CHAIR AND THE CHAIR OF THE INVESTOR COUNCIL. FORM 990, PART VI, SECTION A, LINE 6 PREA IS A MEMBERSHIP ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD AND OFFICERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO SIGN OFF ON IT ONCE THEY ARE ELECTED AND BEFORE THEIR TERM BEGINS. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S CONTRACT IS REVIEWED BY THE BOARD CHAIR AND ALSO BY THE EXECUTIVE COMMITTEE AS NEEDED. THE COMPENSATION MAY BE INCREASED BY AN APPROPRIATE AVERAGE OF CPI DATA (12 MONTH AVERAGE). THE EXECUTIVE DIRECTOR REGULARLY REVIEWS COMPARABLE COMPENSATION SURVEYS TO DETERMINE APPROPRIATE COMPENSATION FOR OTHER PREA STAFF. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ANY INQUIRIES REGARDING GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE REFERRED TO THE ADMINISTRATOR AND MADE AVAILABLE UPON REQUEST.