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Nonprofit · EIN 51-0204264

INSTITUTE OF REAL ESTATE MANAGEMENT OF THE NATL ASSN OF REALTORS

Also known as IREM MINNESOTA CHAPTER 45

Tax-exempt · MINNEAPOLIS, MN 55416

Financials

$214K$213K2023$220K$210K2024
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$219,669$209,936$9,733$175,692$52,634$123,058
December 31, 2023990$213,557$212,542$1,015$149,386$36,061$113,325
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$162,250
Membership dues
$47,600
Program service revenue
$48,006
Investment income
$2,783
Net income from fundraising events
$6,630
Other revenue
$6,630

Expenses

Grants and similar amounts paid
$1,100
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$2,355

Balance sheet and other

Total assets, start of year
$149,386
Total assets, end of year
$175,692
Total liabilities, end of year
$52,634
Net assets, end of year
$123,058
Net assets without donor restrictions
$123,058
Gross receipts
$255,159
Employees
0
Volunteers
30
Year formed
1962
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
BRANDON OTTINGPRESIDENT
Trustee or director, Officer
2$0
PATRICK LENSINGVICE PRESIDENT
Trustee or director, Officer
2$0
ALEXANDER LEUTHNERIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
2$0
MATTHEW HOZZATREASURER
Trustee or director, Officer
2$0
TYHLER KOHN GALLARDOSECRETARY
Trustee or director, Officer
2$0
LAURA STEFFESDIRECTOR
Trustee or director
1$0
ANGELA SAMARGIADIRECTOR
Trustee or director
1$0
CATHERINE BEACHDIRECTOR
Trustee or director
1$0
DEVIN CREURERDIRECTOR
Trustee or director
1$0
CHELSEA HOLMESDIRECTOR
Trustee or director
1$0
ALI OTTINGDIRECTOR
Trustee or director
1$0
PAUL ARONHALTDIRECTOR
Trustee or director
1$0
PRESTON DULLDIRECTOR
Trustee or director
1$0
HEATHER FLEETHAMDIRECTOR
Trustee or director
1$0
ABBIE KUBITZDIRECTOR
Trustee or director
1$0
2 more people on this return
NameTitleHours / weekCompensation
NATHAN OLSONDIRECTOR
Trustee or director
1$0
HEATHER WAYDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
LAURA STEFFESDIRECTOR
Trustee or director
1$0
AUDREY JUNE JANZENIMMEDIATE PAST PRESIDENT
Trustee or director, Officer
1$0
ANGELA SAMARGIADIRECTOR
Trustee or director
1$0
BRANDON OTTINGVICE PRESIDENT
Trustee or director, Officer
2$0
ALEXANDER LEUTHNERPRESIDENT
Trustee or director, Officer
2$0
COLETTE ALTFILLISCHTREASURER
Trustee or director, Officer
2$0
PATRICK LENSINGSECRETARY
Trustee or director, Officer
2$0
CATHERINE BEACHDIRECTOR
Trustee or director
1$0
DEVIN CREURERDIRECTOR
Trustee or director
1$0
CHELSEA HOLMESDIRECTOR
Trustee or director
1$0
MATTHEW HOZZADIRECTOR
Trustee or director
1$0
MITCHELL KALLDIRECTOR
Trustee or director
1$0
TYHLER KOHN GALLARDODIRECTOR
Trustee or director
1$0
ADDIE KUBITZDIRECTOR
Trustee or director
1$0
ALI OTTINGDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
4248 PARK GLEN RD, MINNEAPOLIS, MN 55416-4758
Principal officer (990 for 2024)
BRANDON OTTING, 4248 PARK GLEN ROAD, MINNEAPOLIS, MN 55416
Signed the 990
BRANDON OTTING, PRESIDENT
Phone
(952) 928-4664
Return prepared by
SMITH SCHAFER & ASSOCIATES LTD

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • LUNCHEON AND DINNER MEETINGS TO PROMOTE INTERACTION AMONG MEMBERS AND TO PROMOTE PLANNING/SCHEDULING OF EVENTS AND SEMINARS FOR MEMBER EDUCATION.
    Expenses $41,797 · revenue $41,040
  • EDUCATION COURSES AND SEMINARS TO EDUCATE MEMBERS AND PROMOTE A STRONGER AND MORE KNOWLEDGEABLE REAL ESTATE INDUSTRY.
    Expenses $2,437 · revenue $6,966

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
51-0204264
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)
$175,692
Income (IRS master file)
$255,159

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$219,669$209,936$175,692XML
990December 2023$213,557$212,542$149,386XML
990December 2022$195,219$199,246$148,815IRS
990December 2021–––IRS
990December 2020–––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 51-0204264).

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 51-0204264.
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 BRANDON OTTING.
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 17 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, 2024 it reported revenue of $219,669, expenses of $209,936 and total assets of $175,692 at year end.

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