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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 51-0204250

INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS

Also known as IREM MICHIGAN CHAPTER 5

Tax-exempt · LIVONIA, MI 48154

Financials

$135K$175K2023$154K$140K2024
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, 2024990$154,061$140,131$13,930$26,365$0$26,365
December 31, 2023990$135,207$174,803-$39,596$12,435$0$12,435
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$27,047
Membership dues
$27,047
Program service revenue
$97,338
Investment income
$4
Net income from fundraising events
$29,672
Other revenue
$29,672

Expenses

Grants and similar amounts paid
$2,500
Compensation of officers, directors and key employees
$60,756
Salaries, compensation and benefits (total)
$65,518
Professional fundraising fees
$0
Accounting fees
$2,100
Occupancy
$2,551
Travel
$419
Program services (functional)
$137,110
Management and general (functional)
$3,021

Balance sheet and other

Total assets, start of year
$12,435
Total assets, end of year
$26,365
Total liabilities, end of year
$0
Net assets, end of year
$26,365
Gross unrelated business income
$32,187
Gross receipts
$224,577
Employees
1
Year formed
2013

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.

NameTitleHours / weekCompensation
SUSAN KNOWLESEXECUTIVE DI
Officer
40$60,756
JOHN BRIDGESDIRECTOR
Trustee or director
–$0
AARON MILLSDIRECTOR
Trustee or director
–$0
RITA KHANDIRECTOR
Trustee or director
–$0
PAUL BOLLINGERPRESIDENT
Trustee or director, Officer
–$0
MICHAEL GIUDICITREASURER
Trustee or director, Officer
–$0
TRACY BROWNSECRETARY
Trustee or director, Officer
–$0
DAWN FORDDIRECTOR
Trustee or director
–$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
SUSAN KNOWLESEXECUTIVE DI
Officer
40$60,566
JOHN BRIDGESPRESIDENT
Officer
–$0
HEATHER JAKEWAYDIRECTOR
Trustee or director
–$0
RITA KHANDIRECTOR
Trustee or director
–$0
PAUL BOLLINGERSECRETARY
Trustee or director
–$0
MICHAEL GIUDICIDIRECTOR
Trustee or director
–$0
TRACY BROWNTREASURER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
37637 FIVE MILE ROAD 407, LIVONIA, MI 48154-1543
Principal officer (990 for 2024)
PAUL BOLLINGER
Signed the 990
PAUL BOLLINGER, PRESIDENT
Phone
(734) 655-0268
Return prepared by
TEDDER WHITLOCK CONSULTING

Mission

TO EDUCATE AND CERTIFY THE COMPETENCE AND PROFESSIONALISM OF INDIVIDUALS AND ORGANIZATIONS ENGAGED IN THE MANAGEMENT OF REAL ESTATE. THE ORGANIZATION SERVES AS AN ADVOCATE ON ISSUES AFFECTING THE REAL ESTATE MANAGEMENT INDUSTRY, AS WELL AS ENHANCING AND SUPPORTING ITS MEMBERS' PROFESSIONAL COMPETENCE SO THEY CAN BETTER IDENTIFY AND MEET THE NEEDS OF THOSE WHO UTILIZE THEIR SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • MONTHLY REAL ESTATE MANAGEMENT MEETINGS AND CONFERENCES BENEFITING APPROXIMATELY 222 MEMBERS.
    Expenses $116,429 · grants $2,500 · revenue $19,348
  • VENDOR DISPLAY SEMINARS AND TRADE SHOWS BENEFITING APPROXIMATELY 222 MEMBERS.
    Expenses $11,796 · revenue $55,737
  • EDUCATION COURSES BENEFITING APPROXIMATELY 222 MEMBERS.
    Expenses $8,885 · revenue $22,253

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0204250
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)
$26,365
Income (IRS master file)
$224,577

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$154,061$140,131$26,365XML
990December 2023$135,207$174,803$12,435XML
990December 2022$149,169$197,009$52,031IRS
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 51-0204250).

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 51-0204250.
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 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 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 2024.
Who is the principal officer of INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS?
The 990 for the year ended December 31, 2024 names PAUL BOLLINGER.
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, 2024 lists 8 people; 1 received compensation from the organization, the highest $60,756 (SUSAN KNOWLES, EXECUTIVE DI).
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, 2024 it reported revenue of $154,061, expenses of $140,131 and total assets of $26,365 at year end.

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