Nonprofit · EIN 13-3120995
PENSION REAL ESTATE ASSOCIATION
Tax-exempt · HARTFORD, CT 06103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,103,435 | $6,748,504 | $2,354,931 | $12,765,911 | $2,026,798 | $10,739,113 |
| December 31, 2023 | 990 | $8,233,817 | $5,618,426 | $2,615,391 | $10,336,369 | $2,001,339 | $8,335,030 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $208,000
- of which government grants
- $208,000
- Program service revenue
- $8,104,416
- Investment income
- $536,769
- Other revenue
- $254,250
Expenses
- Grants and similar amounts paid
- $173,081
- Compensation of officers, directors and key employees
- $519,560
- Other salaries and wages
- $1,442,288
- Salaries, compensation and benefits (total)
- $2,241,960
- Professional fundraising fees
- $0
- Legal fees
- $17,266
- Accounting fees
- $22,100
- Occupancy
- $124,690
- Travel
- $186,161
- Depreciation
- $3,704
Balance sheet and other
- Total assets, start of year
- $10,336,369
- Total assets, end of year
- $12,765,911
- Total liabilities, end of year
- $2,026,798
- Net assets, end of year
- $10,739,113
- Land, buildings and equipment
- $9,998
- Net assets without donor restrictions
- $10,739,113
- Gross unrelated business income
- $254,250
- Gross receipts
- $9,103,435
- Employees
- 8
- Volunteers
- 27
- Year formed
- 1983
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GAIL C HAYNES | PRESIDENT Officer | 40 | $458,708 | $60,852 |
| GREGORY H MACKINNON | DIRECTOR-RESEARCH Highest-paid employee | 40 | $342,908 | $81,761 |
| AMY LAFFARGUE | DIRECTOR- MEETINGS & EVENTS Highest-paid employee | 40 | $225,000 | $56,250 |
| JACK R NOWAKOWSKI | DIRECTOR-INFORMATION Highest-paid employee | 40 | $210,369 | $2,054 |
| JENNIFER BLANCHARD | FINANCIAL CONTROLLER Highest-paid employee | 40 | $125,000 | $22,613 |
| JARED CHASE | STAFF WRITER & EDITOR Highest-paid employee | 40 | $109,506 | $20,360 |
| ANAR CHUDGAR | CHAIR (AS OF 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| MANUEL CASAGNA | IMMEDIATE PAST CHAIR (AS OF 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| ISABELLE MARTIN | VICE CHAIR (AS OF 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| CHRISTOPHER MERRIL | TREASURER (AS OF 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| GADI KAUFMANN | TREASURER (UNTIL 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| DANITA JOHNSON | SECRETARY (AS OF 3/24) Trustee or director, Officer | 0.5 | $0 | $0 |
| CATHERINE MARCUS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SALLY HASKINS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM GALLISTEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTY FIELDS | DIRECTOR Trustee or director | 0.5 | $0 |
| CIA BUCKLEY MARAKOVITS | DIRECTOR Trustee or director | 0.5 | $0 |
| DENNIS LOPEZ | DIRECTOR (UNTIL 3/24) Trustee or director | 0.5 | $0 |
| DHVANI SHAH | DIRECTOR (UNTIL 3/24) Trustee or director | 0.5 | $0 |
| ANDREW IERARDI | DIRECTOR Trustee or director | 0.5 | $0 |
| BARBARA JESUELE | DIRECTOR Trustee or director | 0.5 | $0 |
| JENNIFER STEVENS | DIRECTOR Trustee or director | 0.5 | $0 |
| KIMBERLY ADAMS | DIRECTOR Trustee or director | 0.5 | $0 |
| W JEFFREY BECKHAM | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY GILLER | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN GLUSZAK | DIRECTOR Trustee or director | 0.5 | $0 |
| ADAM SCHWARTZ | DIRECTOR Trustee or director | 0.5 | $0 |
| SARAH CACHAT | DIRECTOR (AS OF 3/24) Trustee or director | 0.5 | $0 |
| JULIE DONEGAN | DIRECTOR (AS OF 3/24) Trustee or director | 0.5 | $0 |
| GRANT WALKER | DIRECTOR (AS OF 3/24) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GAIL C HAYNES | PRESIDENT Officer | 40 | $728,381 | $50,398 |
| GREGORY H MACKINNON | DIRECTOR-RESEARCH Highest-paid employee | 40 | $330,908 | $73,878 |
| AMY LAFFARGUE | DIRECTOR- MEETINGS & EVENTS Highest-paid employee | 40 | $206,000 | $51,500 |
| JACK R NOWAKOWSKI | DIRECTOR-INFORMATION Highest-paid employee | 40 | $231,239 | $26,084 |
| JARED CHASE | STAFF WRITER & EDITOR Highest-paid employee | 40 | $101,506 | $18,480 |
| JENNIFER BLANCHARD | FINANCIAL CONTROLLER Highest-paid employee | 40 | $110,000 | $8,207 |
| MANUEL CASAGNA | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CATHERINE MARCUS | IMMEDIATE PAST CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| GADI KAUFMANN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| SALLY HASKINS | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ADAM GALLISTEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANAR CHUDGAR | VICE CHAIR Trustee or director | 0.5 | $0 | $0 |
| CHRISTOPHER MERRIL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRISTY FIELDS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CIA BUCKLEY MARAKOVITS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DENNIS LOPEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DHVANI SHAH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANDREW IERARDI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAWRENCE J HASS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BARBARA JESUELE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ISABELLE MARTIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER STEVENS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIMBERLY ADAMS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| W JEFFREY BECKHAM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFFREY GILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN GLUSZAK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DANITA JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ADAM SCHWARTZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RALPH ROSENBERG | DIRECTOR (THRU 03/23) Trustee or director | 0.5 | $0 | $0 |
| SONNY KALSI | IMMEDIATE PAST CHAIR (THRU 3/23) Trustee or director | 0.5 | $0 | $0 |
| ANTHONY BREAULT | DIRECTOR (THRU 03/23) Trustee or director | 0.5 | $0 | $0 |
| DAVID GILLAN | DIRECTOR (THRU 03/23) Trustee or director | 0.5 | $0 | $0 |
| PETER BRAFFMAN | DIRECTOR (THRU 03/23) Trustee or director | 0.5 | $0 | $0 |
| SPENCER HABER | DIRECTOR (THRU 03/23) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 PEARL STREET 13TH FLOOR, HARTFORD, CT 06103-4511
- Principal officer (990 for 2024)
- GAIL HAYNES, 100 PEARL STREET 13TH FLOOR, HARTFORD, CT 06103
- Signed the 990
- GAIL HAYNES, PRESIDENT
- Phone
- (860) 692-6341
- Website
- WWW.PREA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- PROVISION OF EDUCATION TO ITS 700 MEMBERS PRIMARILY THROUGH RESEARCH, PUBLICATIONS, CONFERENCES AND ONLINE RESOURCES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3120995
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,765,911
- Income (IRS master file)
- $9,103,435
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,103,435 | $6,748,504 | $12,765,911 | XML |
| 990 | December 2023 | $8,233,817 | $5,618,426 | $10,336,369 | XML |
| 990 | December 2022 | $6,788,570 | $6,603,306 | $7,541,887 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3120995).
Questions about PENSION REAL ESTATE ASSOCIATION
- What is the EIN of PENSION REAL ESTATE ASSOCIATION?
- The employer identification number (EIN) of PENSION REAL ESTATE ASSOCIATION is 13-3120995.
- Is PENSION REAL ESTATE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to PENSION REAL ESTATE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENSION REAL ESTATE ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PENSION REAL ESTATE ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PENSION REAL ESTATE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PENSION REAL ESTATE ASSOCIATION?
- The 990 for the year ended December 31, 2024 names GAIL HAYNES.
- Who are the officers and directors of PENSION REAL ESTATE ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 30 people; 6 received compensation from the organization, the highest $458,708 (GAIL C HAYNES, PRESIDENT).
- How much revenue does PENSION REAL ESTATE ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,103,435, expenses of $6,748,504 and total assets of $12,765,911 at year end.
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