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Nonprofit · EIN 51-0204248

INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS

Also known as 23 CHICAGO

Tax-exempt · OAK BROOK, IL 60523

Financials

$481K$419K2023$564K$502K2024$477K$432K2025
Revenue Expenses · by fiscal year end
Financials of INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$477,248$431,757$45,491$649,421$165,216$484,205
December 31, 2024990$563,874$501,658$62,216$575,881$131,905$443,976
December 31, 2023990$480,702$419,136$61,566$540,956$155,672$385,284
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$462,300
Investment income
$14,948
Net gain from sales of assets
$42
Other revenue
$0

Expenses

Grants and similar amounts paid
$15,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$925
Travel
$489

Balance sheet and other

Total assets, start of year
$575,881
Total assets, end of year
$649,421
Total liabilities, end of year
$165,216
Net assets, end of year
$484,205
Publicly traded securities
$128,287
Net assets without donor restrictions
$476,642
Net assets with donor restrictions
$7,563
Gross receipts
$477,248
Employees
0
Volunteers
30
Year formed
1953
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.

NameTitleHours / weekCompensation
KELLI STUARTDirector
Trustee or director
1$0
ANDIE PEIRCEDirector
Trustee or director
0$0
MARTHA GAITAN-MANNINGDirector
Trustee or director
0$0
IAN MARK NOVAKPresident
Officer
1$0
KRISTEN SARKISIANVice President
Officer
1$0
TERI LINDASSOC. EXECUTIV
Officer
40$0
KIM SISNEYTreasurer
Officer
1$0
MEGAEN MACDONALDSecretary
Officer
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
KELLI STUARTDirector
Trustee or director
1$0
STEPHEN G SHIMMELDirector
Trustee or director
1$0
JACKIE ABRAHAMDirector
Trustee or director
1$0
CHRIS HAWXHURSTDirector
Trustee or director
1$0
IAN MARK NOVAKPresident
Officer
1$0
KRISTIN SARKISIANVice President
Officer
1$0
TERI LINDASSOC. EXECUTIV
Officer
40$0
KIM SISNEYTreasurer
Officer
1$0
MEGAEN MACDONALDSecretary
Officer
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
KELLI STUARTDirector
Trustee or director
1$0
STEPHEN G SHIMMELDirector
Trustee or director
1$0
COLEEN L NEEDHAMIMM PAST PRESID
Trustee or director
1$0
JACKIE ABRAHAMDirector
Trustee or director
1$0
CHRIS HAWXHURSTDirector
Trustee or director
1$0
IAN MARK NOVAKPresident
Officer
1$0
KRISTIN SARKISIANPresident ELECT
Officer
1$0
TERI LINDASSOC. EXECUTIV
Officer
40$0
KIM SISNEYTreasurer
Officer
1$0
MEGAEN MACDONALDSecretary
Officer
1$0

Address and contacts

Address (IRS master file)
2901 BUTTERFIELD RD, OAK BROOK, IL 60523-1106
Signed the 990
TERI LIND, ASSOC. EXECUTIV
Phone
(630) 954-4400
Return prepared by
Picker & Associates LLC

Mission

PROVIDE A SOURCE OF EDUCATION, RESOURCES, INFORMATION AND MEMBERSHIP FOR REAL ESTATE MANAGEMENT PROFESSIONALS IN THE CHICAGO AREA.

990 for the year ended December 31, 2025

Program accomplishments

  • SPONSOR OF VARIOUS PROGRAMS AND EVENTS THAT PROMOTE PROFESSIONALISM IN REAL ESTATE PROPERTY MANAGEMENT, BY DELIVERING NETWORKING AND EDUCATION OPPORTUNITIES TO MEMBERS WHILE ENCOURAGING ADHERENCE TO THE HIGHEST ETHICAL STANDARDS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0204248
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$649,421
Income (IRS master file)
$477,248

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$477,248$431,757$649,421XML
990December 2024$563,874$501,658$575,881XML
990December 2023$480,702$419,136$540,956XML
990December 2022$397,321$348,075$463,277IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 51-0204248).

Questions about INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS

What is the EIN of INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS?
The employer identification number (EIN) of INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS is 51-0204248.
Is INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
Are donations to INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS 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 INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS 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 INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS?
The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS have?
On its 990 for the year ended December 31, 2025 it reported revenue of $477,248, expenses of $431,757 and total assets of $649,421 at year end.

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