Nonprofit · EIN 23-7289227
ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION
Tax-exempt · SPRINGFIELD, IL 62701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $248,601 | $136,439 | $112,162 | $2,196,777 | $83,891 | $2,112,886 |
| December 31, 2024 | 990 | $160,469 | $97,804 | $62,665 | $2,004,965 | $24,617 | $1,980,348 |
| December 31, 2023 | 990 | $113,195 | $76,621 | $36,574 | $1,960,692 | $40,579 | $1,920,113 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $164,973
- of which government grants
- $42,500
- Program service revenue
- $0
- Investment income
- $71,940
- Net income from gaming
- $7,688
- Other revenue
- $11,688
Expenses
- Grants and similar amounts paid
- $60,056
- Other salaries and wages
- $10,000
- Salaries, compensation and benefits (total)
- $10,000
- Professional fundraising fees
- $0
- Accounting fees
- $6,700
- Travel
- $478
- Program services (functional)
- $115,433
- Management and general (functional)
- $17,006
- Fundraising (functional)
- $4,000
Balance sheet and other
- Total assets, start of year
- $2,004,965
- Total assets, end of year
- $2,196,777
- Total liabilities, end of year
- $83,891
- Net assets, end of year
- $2,112,886
- Net assets without donor restrictions
- $2,062,886
- Net assets with donor restrictions
- $50,000
- Gross receipts
- $251,723
- Employees
- 0
- Volunteers
- 20
- Year formed
- 1970
- State of legal domicile
- IL
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY MADAUS | TREASURER Officer | 1 | $0 | $201,412 | $23,400 |
| LAURIE CLAYTON | FOUNDATION MANAGER Officer | 23 | $0 | $101,572 | $28,595 |
| JAMES SIM | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SARAH WARE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAULA ARPASI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERESA CAMARATO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DOMINIC CAMPO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAUREEN FORGETTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA GREENWALT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY HEILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEAN LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK MASSEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURIE MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TRACY PATKUNAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW PERSICKETTI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOEL RAYNES | DIRECTOR Trustee or director | 1 | $0 |
| KAREN ROBERTSON | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY RYAN | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON SHAFFER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL SIMPSON | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIE TINDALL | DIRECTOR Trustee or director | 1 | $0 |
| ANTONIA WESSELINK | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY MADAUS | TREASURER Officer | 1 | $0 | $192,661 | $22,200 |
| LAURIE CLAYTON | FOUNDATION MANAGER Officer | 23 | $0 | $96,534 | $28,205 |
| BRANDON SHAFFER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES SIM | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ANDREA GREENWALT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY HEILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER TENGGREN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DOMINIC CAMPO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GINGER SREENAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNI ROW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOEL RAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM MCCOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KRISTIE TINDALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURIE MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK MASSEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATTHEW PERSICKETTI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MEENU BHASKAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH WARE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERESA CAMARATO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CATHY MADAUS | TREASURER Officer | 1 | $0 | $180,064 | $20,211 |
| LAURIE CLAYTON | FOUNDATION MANAGER Officer | 23 | $0 | $92,186 | $51,838 |
| AMY BARNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JENNI BECK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDREA GREENWALT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAMES HAISLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM MCCOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUZANNE MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAURIE MURPHY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARY NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAREN ROBERTSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRANDON SHAFFER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JAMES SIM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GINGER SREENAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTOPHER TENGGREN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KRISTIE TINDALL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SARAH WARE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAY WIRTH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA WORKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERESA CAMARATO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ASHLEY HEILMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARK MASSEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIMOTHY RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOEL RAYNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 522 S 5TH ST, SPRINGFIELD, IL 62701-1822
- Principal officer (990 for 2025)
- CATHY MADAUS, 522 SOUTH 5TH STREET, SPRINGFIELD, IL 62701
- Signed the 990
- CATHY MADAUS, TREASURER
- Phone
- (217) 529-2600
- Website
- WWW.ILREEF.ORG
- Return prepared by
- ECK SCHAFER & PUNKE LLP
Mission
PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.
Program accomplishments
- SCHOLARSHIPS ARE AWARDED TO PROMOTE AND ASSIST SUITABLE STANDARDS OF EDUCATION IN ALL PHASES OF THE FIELD OF REAL ESTATE.Expenses $115,433 · grants $60,056
- BROKER CONTINUING EDUCATION
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 | 990 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
- 23-7289227
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,196,777
- Income (IRS master file)
- $251,723
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $248,601 | $136,439 | $2,196,777 | XML |
| 990 | December 2024 | $160,469 | $97,804 | $2,004,965 | XML |
| 990 | December 2023 | $113,195 | $76,621 | $1,960,692 | XML |
| 990 | December 2022 | $250,026 | $82,356 | $1,799,026 | 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 23-7289227).
Questions about ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION
- What is the EIN of ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION is 23-7289227.
- Is ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION 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 ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 names CATHY MADAUS.
- Who are the officers and directors of ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 22 people; 0 received compensation from the organization.
- How much revenue does ILLINOIS REAL ESTATE EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $248,601, expenses of $136,439 and total assets of $2,196,777 at year end.
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