Civic Intelligence

Realtor University

990 • Fiscal year 2017 • EIN 45-2102449

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

430 N MichiganChicago, IL 60611

(312) 329-8200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

88th percentile

37%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

90th percentile

71%

Faster revenue growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,146,527

Up $310,807 (+37%) from 2016

Net Assets

Up

$1,083,904

Up $299,806 (+38%) from 2016

Liabilities

Up

$62,623

Up $11,001 (+21%) from 2016

Revenue

Up

$2,401,618

Up $993,250 (+71%) from 2016

Expenses

Up

$2,101,812

Up $652,158 (+45%) from 2016

Net Income

Up

$299,806

Up $341,092 (+826%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $292,561Liabilities 2011: $33,911Net Assets 2011: $258,6502011Assets 2012: $669,123Liabilities 2012: $59,270Net Assets 2012: $609,8532012Assets 2013: $704,731Liabilities 2013: $77,987Net Assets 2013: $626,7442013Assets 2014: $867,619Liabilities 2014: $117,110Net Assets 2014: $750,5092014Assets 2015: $894,404Liabilities 2015: $69,020Net Assets 2015: $825,3842015Assets 2016: $835,720Liabilities 2016: $51,622Net Assets 2016: $784,0982016Assets 2017: $1,146,527Liabilities 2017: $62,623Net Assets 2017: $1,083,9042017Assets 2018: $875,463Liabilities 2018: $142,650Net Assets 2018: $732,8132018Assets 2019: $483,735Liabilities 2019: $37,825Net Assets 2019: $445,9102019Assets 2020: $189,779Liabilities 2020: $189,779Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,146,527
Liabilities$62,623
Net Assets$1,083,904

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $885,622Expenses 2011: $734,872Net Income 2011: $150,7502011Revenue 2012: $1,779,979Expenses 2012: $1,428,776Net Income 2012: $351,2032012Revenue 2013: $1,857,719Expenses 2013: $1,840,828Net Income 2013: $16,8912013Revenue 2014: $1,557,697Expenses 2014: $1,433,932Net Income 2014: $123,7652014Revenue 2015: $1,562,174Expenses 2015: $1,487,299Net Income 2015: $74,8752015Revenue 2016: $1,408,368Expenses 2016: $1,449,654Net Income 2016: -$41,2862016Revenue 2017: $2,401,618Expenses 2017: $2,101,812Net Income 2017: $299,8062017Revenue 2018: $1,659,246Expenses 2018: $2,010,337Net Income 2018: -$351,0912018Revenue 2019: $621,653Expenses 2019: $908,556Net Income 2019: -$286,9032019Revenue 2020: $62,747Expenses 2020: $508,657Net Income 2020: -$445,9102020

Highlighted filing

2017

Revenue$2,401,618
Expenses$2,101,812
Net Income$299,806
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$2,401,618
Mission and Program Overview

Mission

REALTOR University is the only institution of higher education focused exclusively on real estate. As a Second Century Venture of the National Assoc. of REALTORS, the University evolved in 2011 to provide an unparalleled master's degree program to real estate professionals. The University offers graduates degrees concentrating in real estate.

REALTOR University is the only institution of higher education focused exclusively on real estate and provides an unparalleled master's degree program to real estate professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$807,064$959,991▲ $152,927
Savings and Temporary Cash Investments-$100,032-
Pledges and Grants Receivable$20,402$80,266▲ $59,864
Land, Buildings, and Equipment, Net$5,370$3,960▼ $1,410
Accounts Receivable$2,792$2,186▼ $606
Prepaid Expenses and Deferred Charges$92$92→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$835,720$1,146,527▲ $310,807
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$48,622$62,623▲ $14,001
Deferred Revenue$3,000--
Other Liabilities$0$0→ $0
Total Liabilities$51,622$62,623▲ $11,001
Net Assets / Fund Balance
Temporarily Rstr Net Assets$487,466$559,288▲ $71,822
Unrestricted Net Assets$296,632$524,616▲ $227,984
Total Net Assets Fund Balance$784,098$1,083,904▲ $299,806
Total Liabilities and Net Assets / Fund Balance$835,720$1,146,527▲ $310,807

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$61,350$61,350
Equipment$3,960$14,771$18,731
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Chief Academic OfficerFT$202,335$68,254$270,589

Board Members and Trustees

NameTitle
-Chairperson
-Past Chair
-President
-Director
-Director (partial Year)
-Chief Financial Officer
-Secretary and Dean, Student Services
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Noggins Labs INCSoftware Systems Management4621 N RAVENSWOOD AVE, Chicago, IL 60640$347,500
Devry On-line ServicesBack Office Operations1200 EAST DIEHL ROAD, Naperville, IL 60563$174,082
Revenue and Support

Revenue Composition

Contributions and Grants
$2,102,046
Program Service Revenue
$295,984
Investment Income
$0
Other Revenue
$3,588
All Other Contributions
$260,427
Change in Net Assets
$299,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,316,913
Revenue Not Reported on Financial Statements
$84,705
Revenue Not Reported on Form 990
$219,451
Other Revenue Adjustments
$84,705
Total Revenue per Audited Statements
$2,536,364
Total Revenue per Form 990
$2,401,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,145,317
Salaries, Compensation, and Employee Benefits$871,790
Total Fundraising Expense$214,578
Grants and Similar Amounts Paid$84,705
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$585,680-$90,059$675,739
Other Expenses$555,292--$555,292
Advertising$215,365$998-$216,363
Other Employee Benefits$69,169$19,900$10,300$99,369
Conferences and Meetings$95,102--$95,102
Fees for Services Other$3,603$0$89,186$92,789
Grants to Domestic Individuals$84,705--$84,705
Travel$28,793$48,265-$77,058
Information Technology$55,182-$5,565$60,747
Payroll Taxes$36,489$10,500$5,400$52,389
Office Expenses$21,987$14,901$9,468$46,356
Pension Plan Contributions$30,793$8,900$4,600$44,293
Depreciation Depletion$1,410--$1,410
Insurance$200--$200
Total Functional Expenses$1,783,770$103,464$214,578$2,101,812

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,236,558
Total Expenses per Form 990$2,101,812
Expenses per Audited Statements$2,017,107
Expenses Not Reported on Form 990$219,451
Expenses Not Reported on Financial Statements$84,705
Other Expense Adjustments$84,705
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 FORM 990, PART VI, SECTION C, LINE 15A AND 15B

Compensation paid to the ceo and officers was set by the national association of realtors, a related tax-exempt entity. Therefore, these questions are more appropriately answered as "n/a"

Form 990, Part VI, Line 6 Classes of members or stockholders

The University's financial statements are consolidated into the financial statements of the Center for Specialized REALTOR Education (CSRE), an Illinois nonprofit corporation of which the National Association of Realtors (NAR) is the sole corporate member. CSRE controls the University through its ability to appoint member to the University's Board of Regents.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

See above.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 is reviewed and approved by the Chief Financial Officer before it is filed. The CFO then presents the return to the entire Board of Regents at its December 2018 meeting.

Form 990, Part VI, Line 12C Conflict of interest policy

The University uses/follows the conflict of interest policy of the Center for Specialized REALTOR Education. On an annual basis, the directors and officers of the organization received a questionnaire designed to the help identify any conflicting issues that may need to be addressed by the governing body. If any conflicts are noted, they are addressed by the Board in a timely manner. Also, if necessary, the NAR General Council is consulted about appropriate steps to take if a conflict is identified. Any person that has a conflict is not allowed to vote on transactions or decisions for which that individual may personally benefit. Steps to alleviate, monitor and deal with conflicts such as restricting the actions of persons with a conflict by prohibiting them from participating in the governing body's deliberations and decisions for a particular transaction.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents and financial statements available to the public on a case by case basis upon request. Conflict of interest policies are available upon request at any time.

Form 990, Part VII, Section A, Line 1A Form 990, Part VII, Section A, Line 1A

All compensation disclosed in Part VII and Schedule J for Dale Stinton represent payments from NAR for services related only to NAR operations.

Filing and Contact Details

Filer

Filer Name
Realtor University
EIN
45-2102449
Phone
3123298200
Address
430 N Michigan, Chicago, IL 60611

Signing Officer

Name
John Pierpoint
Title
Chief Financial Officer
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
15
Volunteers
50

Preparer

Firm
Crowe Llp
Address
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Nicole Bencik
Phone
3128997000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2 New program services

REALTOR UNIVERSITY's LEADERSHIP INSTITUTE WAS TASKED WITH THE development and management of National Association of REALTORS (NAR)'s Leadership Academy. The Leadership Institute is a non-accredited branch of REALTOR University offering guidance and insight to the development of leadership skills and abilities to the emerging leaders from the local and state level for the National Association of REALTORS.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The University follows guidance issued by the Financial Accounting Standards Board (FASB) with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The University recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of December 31, 2017 and 2016. Due to its tax-exempt status, the University is not subject to U.S. federal or state income tax. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Scholarships awarded netted with revenue - 84705

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Scholarships awarded netted with revenue - 84705

Raw XML AppendixShowing 400 of 753 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt048622
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt062623
IRS990/AccountsReceivableGrp/BOYAmt02792
IRS990/AccountsReceivableGrp/EOYAmt02186
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0REALTOR University is the only institution of higher education focused exclusively on real estate and provides an unparalleled master's degree program to real estate professionals.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0998
IRS990/AdvertisingGrp/ProgramServicesAmt0215365
IRS990/AdvertisingGrp/TotalAmt0216363
IRS990/AllOtherContributionsAmt0260427
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0John Pierpoint
IRS990/BooksInCareOfDetail/PhoneNum03123298200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0430 N Michigan Ave
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060611
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0807064
IRS990/CashNonInterestBearingGrp/EOYAmt0959991
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt095102
IRS990/ConferencesMeetingsGrp/TotalAmt095102
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt0347500
IRS990/ContractorCompensationGrp/CompensationAmt1174082
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt04621 N RAVENSWOOD AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt11200 EAST DIEHL ROAD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1NAPERVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060640
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160563
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NOGGINS LABS INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1DEVRY ON-LINE SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc0SOFTWARE SYSTEMS MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc1BACK OFFICE OPERATIONS
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02102046
IRS990/CYGrantsAndSimilarPaidAmt084705
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01145317
IRS990/CYOtherRevenueAmt03588
IRS990/CYProgramServiceRevenueAmt0295984
IRS990/CYRevenuesLessExpensesAmt0299806
IRS990/CYSalariesCompEmpBnftPaidAmt0871790
IRS990/CYTotalExpensesAmt02101812
IRS990/CYTotalFundraisingExpenseAmt0214578
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02401618
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt03000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01410
IRS990/DepreciationDepletionGrp/TotalAmt01410
IRS990/Desc0REALTOR UNIVERSITY (RU) BEGAN OPERATING AS A DEGREE GRANTING EDUCATIONAL INSTITUTION THAT OFFERS AND AWARDS GRADUATE DEGREES CONCENTRATING IN REAL ESTATE AND REAL ESTATE BUSINESS. RU ALLOWS STUDENTS TO EXPAND THEIR EDUCATION IN WHAT THEY KNOW BEST, REAL ESTATE. WITH ITS UNIQUE BLEND OF PRACTICAL AND APPLIED LEARNING, STUDENTS WILL BE ABLE TO USE THIS EDUCATION TO ADVANCE THEIR CAREERS AND BETTER THEIR BUSINESS AND THEIR LIVES. THE UNIVERSITY ALSO OFFERS CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT IN REAL ESTATE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01588375
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/FundraisingAmt089186
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03603
IRS990/FeesForServicesOtherGrp/TotalAmt092789
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0true
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt057.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1141.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1322.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.5
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1315.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1437.5
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0BOB GOLDBERG
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1RON PHIPPS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2GINGER DOWNS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3RICHARD MENDENHALL
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4SHARON MILLETT
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5LESILE ROUDA-SMITH
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6HUGH F KELLY PHD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7JOHN TUCCILLO PHD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8TERRI FRIEL
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9REBECCA THOMSON
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10ERICA RAMUS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11DALE STINTON
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12JOHN PIERPOINT
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13MARC GOULD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14DAVID L OVERBYE
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt039261
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1139261
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1239261
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1333425
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1429161
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14241428
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt01166112
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt111861419
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12477894
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13302340
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (PARTIAL YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13SECRETARY AND DEAN, STUDENT SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF ACADEMIC OFFICER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt084705
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt084705
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt084705
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0true
IRS990/GrossReceiptsAmt02401618
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt05565
IRS990/InformationTechnologyGrp/ProgramServicesAmt055182
IRS990/InformationTechnologyGrp/TotalAmt060747
IRS990/InsuranceGrp/ProgramServicesAmt0200
IRS990/InsuranceGrp/TotalAmt0200
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt076121
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05370
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03960
IRS990/LandBldgEquipCostOrOtherBssAmt080081
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0REALTOR University is the only institution of higher education focused exclusively on real estate. As a Second Century Venture of the National Assoc. of REALTORS, the University evolved in 2011 to provide an unparalleled master's degree program to real estate professionals. The University offers graduates degrees concentrating in real estate.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0784098
IRS990/NetAssetsOrFundBalancesEOYAmt01083904
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt09468
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014901
IRS990/OfficeExpensesGrp/ProgramServicesAmt021987
IRS990/OfficeExpensesGrp/TotalAmt046356
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt010300
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019900
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt069169
IRS990/OtherEmployeeBenefitsGrp/TotalAmt099369
IRS990/OtherExpensesGrp/Desc0Course development & edu research
IRS990/OtherExpensesGrp/ProgramServicesAmt0555292
IRS990/OtherExpensesGrp/TotalAmt0555292
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03588
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03588
IRS990/OtherRevenueTotalAmt03588
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt090059
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0585680
IRS990/OtherSalariesAndWagesGrp/TotalAmt0675739
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05400
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010500
IRS990/PayrollTaxesGrp/ProgramServicesAmt036489
IRS990/PayrollTaxesGrp/TotalAmt052389
IRS990/PensionPlanContributionsGrp/FundraisingAmt04600
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08900
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030793
IRS990/PensionPlanContributionsGrp/TotalAmt044293
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020402
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt080266
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt092
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt092
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Bob Goldberg
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Student Service Fees
IRS990/ProgramServiceRevenueGrp/Desc2Non-Accredited Course Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0276174
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0276174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219000
IRS990/ProgSrvcAccomActy2Grp/Desc0REALTOR UNIVERSITY's LEADERSHIP INSTITUTE WAS TASKED WITH THE development and management of National Association of REALTORS (NAR)'s Leadership Academy. The Leadership Institute is a non-accredited branch of REALTOR University offering guidance and insight to the development of leadership skills and abilities to the emerging leaders from the local and state level for the National Association of REALTORS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0195395
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt019000
IRS990/ProgSrvcAccomActy3Grp/Desc0REALTOR UNIVERSITY BEGAN DEVELOPMENT OF ITS RESEARCH CENTER TO CONDUCT AND DISSEMINATE REAL ESTATE RESEARCH AND DATA AND POLICY ANALYSIS. REALTOR UNIVERSITY STUDENTS RECEIVE ACCESS TO AN UNMATCHED LIBRARY OF RESOURCES, AND A DEEPER UNDERSTANDING OF HOW SPECIALIZING IN SPECIFIC MARKETS, SUCH AS BUYERS AND SELLERS 50-PLUS, OR COMMERCIAL REAL ESTATE, CAN ASSIST WITH LONG TERM GOALS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01060944
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt096735
IRS990/PYOtherExpensesAmt0539284
IRS990/PYOtherRevenueAmt05925
IRS990/PYProgramServiceRevenueAmt0341499
IRS990/PYRevenuesLessExpensesAmt0-41286
IRS990/PYSalariesCompEmpBnftPaidAmt0813635
IRS990/PYTotalExpensesAmt01449654
IRS990/PYTotalRevenueAmt01408368
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0299806
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt01841619
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0280572
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100032
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0219451
IRS990ScheduleD/DonatedServicesUseFcltsAmt0219451
IRS990ScheduleD/EquipmentGrp/BookValueAmt03960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014771
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018731
IRS990ScheduleD/ExpensesNotReportedAmt0219451
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt084705
IRS990ScheduleD/ExpensesSubtotalAmt02017107
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt084705
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061350
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt084705
IRS990ScheduleD/RevenueNotReportedAmt0219451
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt084705
IRS990ScheduleD/RevenueSubtotalAmt02316913
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The University follows guidance issued by the Financial Accounting Standards Board (FASB) with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The University recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of December 31, 2017 and 2016. Due to its tax-exempt status, the University is not subject to U.S. federal or state income tax. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AWARDED NETTED WITH REVENUE - 84705
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS AWARDED NETTED WITH REVENUE - 84705
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03960
IRS990ScheduleD/TotalExpensesPerForm990Amt02101812
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02401618

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings