2025-10-03T09:23:10-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2024-01-01 133120995 PENSION REAL ESTATE ASSOCIATION PENS 8606926341 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 GAIL HAYNES PRESIDENT 8606926341 2025-10-01 1 1 LAURA J KENNEY P00202198 6177170831 2025-10-01 2024 2025-03-06 01:10:19Z GAIL HAYNES 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 9103435 0 X WWW.PREA.ORG X 1983 NY SERVE ITS MEMBERS ENGAGED IN INSTITUTIONAL REAL ESTATE INVESTMENT 21 21 8 27 254250 0 0 208000 7630542 8104416 306525 536769 296750 254250 8233817 9103435 140919 173081 0 0 2071632 2241960 0 0 0 3405875 4333463 5618426 6748504 2615391 2354931 10336369 12765911 2001339 2026798 8335030 10739113 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 1 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 13 0 1 8 1 1 1 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X GAIL HAYNES 8606926341 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 GAIL C HAYNES PRESIDENT 40.00 X 458708 0 60852 GREGORY H MACKINNON DIRECTOR-RESEARCH 40.00 X 342908 0 81761 AMY LAFFARGUE DIRECTOR- MEETINGS & EVENTS 40.00 X 225000 0 56250 JACK R NOWAKOWSKI DIRECTOR-INFORMATION 40.00 X 210369 0 2054 JENNIFER BLANCHARD FINANCIAL CONTROLLER 40.00 X 125000 0 22613 JARED CHASE STAFF WRITER & EDITOR 40.00 X 109506 0 20360 ANAR CHUDGAR CHAIR (AS OF 3/24) 0.50 X X 0 0 0 MANUEL CASAGNA IMMEDIATE PAST CHAIR (AS OF 3/24) 0.50 X X 0 0 0 ISABELLE MARTIN VICE CHAIR (AS OF 3/24) 0.50 X X 0 0 0 CHRISTOPHER MERRIL TREASURER (AS OF 3/24) 0.50 X X 0 0 0 GADI KAUFMANN TREASURER (UNTIL 3/24) 0.50 X X 0 0 0 DANITA JOHNSON SECRETARY (AS OF 3/24) 0.50 X X 0 0 0 CATHERINE MARCUS DIRECTOR 0.50 X 0 0 0 SALLY HASKINS DIRECTOR 0.50 X 0 0 0 ADAM GALLISTEL 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 (UNTIL 3/24) 0.50 X 0 0 0 DHVANI SHAH DIRECTOR (UNTIL 3/24) 0.50 X 0 0 0 ANDREW IERARDI DIRECTOR 0.50 X 0 0 0 BARBARA JESUELE 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 ADAM SCHWARTZ DIRECTOR 0.50 X 0 0 0 SARAH CACHAT DIRECTOR (AS OF 3/24) 0.50 X 0 0 0 JULIE DONEGAN DIRECTOR (AS OF 3/24) 0.50 X 0 0 0 GRANT WALKER DIRECTOR (AS OF 3/24) 0.50 X 0 0 0 1471491 0 243890 6 0 1 0 0 208000 208000 CONFERENCE FEES 900003 5130755 5130755 MEMBERSHIP DUES 900003 2973661 2973661 8104416 536769 536769 ADVERTISING INCOME 541800 254250 254250 254250 9103435 8104416 254250 536769 115116 57965 519560 1442288 99487 97956 82669 17266 22100 371114 146556 44488 124690 186161 3200136 3704 37127 CREDIT CARD FEES 121663 RESEARCH PROJECTS 41843 EQUIPMENT MAINTENANCE 7258 9357 6748504 795795 617231 9056919 11400800 191029 443609 155993 252590 140542 130544 3591 9998 133042 41683 10336369 12765911 348243 378891 1034702 1412794 618394 235113 2001339 2026798 X 8335030 10739113 8335030 10739113 10336369 12765911 2354931 49152 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 140542 130544 9998 9998 DEFERRED COMPENSATION 189150 RIGHT-OF-USE LIABILITY 45963 235113 9152587 49152 49152 9103435 0 9103435 6748504 0 6748504 0 6748504 1 REAL ESTATE RESEARCH INSTITUTE 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 133415691 501 (C)(3) 10000 0 N/A N/A ANNUAL SUPPORT FOR RESEARCH SCHOLARSHIP OF AMERICA INC 7900 INTERNATIONAL DRIVE SUITE 500 MINNEAPOLIS MN 55425 042296967 501 (C)(3) 10000 0 N/A N/A FUNDING SCHOLARSHIPS REPORTING STANDARDS 105 W MADISON STREET SUITE 1313 WASHINGTON DC 20037 942834824 75000 0 N/A N/A JOINT INITIATIVE PREA FOUNDATION INC 100 PEARL STREET 13TH FLOOR HARTFORD CT 06103 821060870 501 (C)(3) 20116 0 GENERAL OPERATING EXPENSES 3 1 JOHN W. KOZA LEADERSHIP PROGRAM FOR LEADERS IN THE INSTITUTIONAL INVESTOR COMMUNITY. 19 57965 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 X 0 1 0 GAIL C HAYNES PRESIDENT 336208 0 122500 0 0 0 34500 0 26352 0 519560 0 0 0 GREGORY H MACKINNON DIRECTOR-RESEARCH 312908 0 30000 0 0 0 34200 0 47561 0 424669 0 0 0 AMY LAFFARGUE DIRECTOR- MEETINGS & EVENTS 195000 0 30000 0 0 0 56250 0 0 0 281250 0 0 0 JACK R NOWAKOWSKI DIRECTOR-INFORMATION 210369 0 0 0 0 0 1787 0 267 0 212423 0 0 0 PART I, LINE 4B AMY LAFFARGUE PARTICIPATES IN A SECTION 457(F) PLAN. CONTRIBUTIONS OF $33,750 WERE MADE TO THE PLAN IN 2024. THE SECTION 457(F) PLAN HAS A SUBSTANTIAL RISK OF FORFEITURE. 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. FULL DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST MUST BE MADE PRIOR TO ANY DISCUSSIONS OR NEGOTIATIONS OF TRANSACTIONS. BOARD MEMBERS WITH A POTENTIAL CONFLICT OF INTEREST SHALL NOT BE PRESENT FOR ANY DISCUSSION OF OR VOTE IN CONNECTION WITH THE MATTER. THE PRESIDENT/CEO IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THIS POLICY. 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.