Civic Intelligence

Realtor University

990 • Fiscal year 2020 • EIN 45-2102449

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

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

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

3.02x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

2nd percentile

-711%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

100th percentile

$2,531,903

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 4035.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

6th percentile

-61%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-90%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$189,779

Down $293,956 (-61%) from 2019

Net Assets

Down

$0

Down $445,910 (-100%) from 2019

Liabilities

Up

$189,779

Up $151,954 (+402%) from 2019

Revenue

Down

$62,747

Down $558,906 (-90%) from 2019

Expenses

Down

$508,657

Down $399,899 (-44%) from 2019

Net Income

Down

-$445,910

Down $159,007 (-55%) from 2019

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

2020

Assets$189,779
Liabilities$189,779
Net Assets$0

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

2020

Revenue$62,747
Expenses$508,657
Net Income-$445,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.0
Gross Receipts
$80,017
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
Savings and Temporary Cash Investments$100,858$101,834▲ $976
Cash and Non-Interest-Bearing Accounts$372,883$80,196▼ $292,687
Accounts Receivable$1,095$7,749▲ $6,654
Prepaid Expenses and Deferred Charges$7,171--
Land, Buildings, and Equipment, Net$1,728$0▼ $1,728
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$483,735$189,779▼ $293,956
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$37,825$189,779▲ $151,954
Other Liabilities$0$0→ $0
Total Liabilities$37,825$189,779▲ $151,954
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$234,986$0▼ $234,986
Net Assets With Donor Restrictions$210,924$0▼ $210,924
Total Net Assets Fund Balance$445,910$0▼ $445,910
Total Liabilities and Net Assets / Fund Balance$483,735$189,779▼ $293,956

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Director, AcademicsFT$90,560$22,378$112,938

Board Members and Trustees

NameTitle
-Chairperson (thru 6.17.20)
-President (thru 6.17.20)
-Director (thru 6.17.20)
-Chief Financial Officer (thru 6.17.20)
-Nar Treasurer (thru 6.17.20)
-Secretary and Dean, Student Services (thru 6.17.20)
-Treasurer (thru 6.17.20)

Highest Paid Contractors

ContractorServicesLocationCompensation
All CampusStudent Services30 S WACKER DR, SUITE 1650, Chicago, IL 60606-
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$60,920
Investment Income
$-195
Other Revenue
$1,922
All Other Contributions
$100
Change in Net Assets
$-445,910

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,663
Revenue Not Reported on Financial Statements
$24,690
Revenue Not Reported on Form 990
$44,820
Other Revenue Adjustments
$24,690
Total Revenue per Audited Statements
$64,483
Total Revenue per Form 990
$44,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,495
Grants and Similar Amounts Paid$173,505
Other Expenses$113,657
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$208,992--$208,992
Grants to Domestic Orgs$132,815--$132,815
Grants to Domestic Individuals$40,690--$40,690
Information Technology$22,473--$22,473
Conferences and Meetings$15,718--$15,718
Office Expenses$13,292--$13,292
Other Expenses$10,000--$10,000
Other Employee Benefits$5,326$1,780-$7,106
Pension Plan Contributions$2,828$950-$3,778
Payroll Taxes$1,219$400-$1,619
Travel$724--$724
Depreciation Depletion$558--$558
Advertising$222$0-$222
Insurance$133--$133
All Other Expenses$123$0$0$123
Total Functional Expenses$505,527$3,130$0$508,657

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$219,995
Total Expenses per Form 990$199,865
Expenses per Audited Statements$175,175
Expenses Not Reported on Form 990$44,820
Expenses Not Reported on Financial Statements$24,690
Other Expense Adjustments$24,690
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Center for Specialized Realtor EducationChicago, IL501(c)6Pledge of Remaining Net Assets$132,815
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4 Significant changes to organizational documents

In October 2019, the University's Board of Regents adopted a resolution calling for the orderly cessation of the University's academic operations by the end of calendar year 2020 and the development of a teach-out plan providing existing students the opportunity to complete the Master of Real Estate program. The organization dissolved in early 2021.

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.

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 2021 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.

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
2021-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
Il
Voting Board Members
0
Independent Board Members
0
Employees
21
Volunteers
0

Preparer

Firm
Grant Thornton LLP
Address
171 N Clark Street Suite 200, Chicago, IL 60601
Preparer
Bridget Roche
Phone
3128560200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 REALTOR UNIVERSITY

In October 2019, the University's Board of Regents adopted a resolution calling for the orderly cessation of the University's academic operations by the end of calendar year 2020. This cessation is the result of a partnership agreement entered into by and between NAR, CSRE, and Columbia College of Columbia, Missouri, a regionally accredited, private, nonprofit institution of higher education, providing for certain academic benefits to NAR members and University alumni. The Board of Regents further directed the development of a teach-out plan providing existing students the opportunity to complete their course of study. This plan was filed with the IBHE and DEAC on November 6, 2019 and both entities communicated their acceptance of the plan. The decision as to the final disposition of the REALTOR University corporate entity after the conclusion of the teach-out process will be determined by the Board of Regents in 2020. The organization dissolved in early 2021.

Form 990, Part III, Line 3 Significant changes in program services

REALTOR University ceased academic operations and program services in November 2020.

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, 2020 and 2019. 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 netted with revenue - 24690

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

Scholarships netted with revenue - 24690

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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt4NAR TREASURER (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF FINANCIAL OFFICER (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY AND DEAN, STUDENT SERVICES (THRU 6.17.20)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR, ACADEMICS
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-1170
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt040690
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt040690
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt040690
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0132815
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0132815
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt016100
IRS990/GrossReceiptsAmt080017
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt022473
IRS990/InformationTechnologyGrp/TotalAmt022473
IRS990/InsuranceGrp/ProgramServicesAmt0133
IRS990/InsuranceGrp/TotalAmt0133
IRS990/InvestmentIncomeGrp/ExclusionAmt0975
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0975
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt080081
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01728
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt080081
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt017270
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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/NetAssetsOrFundBalancesBOYAmt0445910
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1170
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1170
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0234986
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt013292
IRS990/OfficeExpensesGrp/TotalAmt013292
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01780
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05326
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07106
IRS990/OtherExpensesGrp/Desc0Course development & edu research
IRS990/OtherExpensesGrp/Desc1Refund of restricted contribution
IRS990/OtherExpensesGrp/ProgramServicesAmt050414
IRS990/OtherExpensesGrp/ProgramServicesAmt110000
IRS990/OtherExpensesGrp/TotalAmt050414
IRS990/OtherExpensesGrp/TotalAmt110000
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01922
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01922
IRS990/OtherRevenueTotalAmt01922
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0208992
IRS990/OtherSalariesAndWagesGrp/TotalAmt0208992
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0400
IRS990/PayrollTaxesGrp/ProgramServicesAmt01219
IRS990/PayrollTaxesGrp/TotalAmt01619
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0950
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02828
IRS990/PensionPlanContributionsGrp/TotalAmt03778
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07171
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Bob Goldberg
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Student Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt060800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt060800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1120
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0409227
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0111924
IRS990/PYInvestmentIncomeAmt0664
IRS990/PYOtherExpensesAmt0245254
IRS990/PYOtherRevenueAmt04104
IRS990/PYProgramServiceRevenueAmt0207658
IRS990/PYRevenuesLessExpensesAmt0-286903
IRS990/PYSalariesCompEmpBnftPaidAmt0551378
IRS990/PYTotalExpensesAmt0908556
IRS990/PYTotalRevenueAmt0621653
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-445910
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt062842
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0100858
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0101834
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt044820
IRS990ScheduleD/DonatedServicesUseFcltsAmt044820
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018731
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018731
IRS990ScheduleD/ExpensesNotReportedAmt044820
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt024690
IRS990ScheduleD/ExpensesSubtotalAmt0175175
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt024690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061350
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt024690
IRS990ScheduleD/RevenueNotReportedAmt044820
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt024690
IRS990ScheduleD/RevenueSubtotalAmt019663
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, 2020 and 2019. 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 NETTED WITH REVENUE - 24690
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS NETTED WITH REVENUE - 24690
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/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0199865
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt044353
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt064483
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219995
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SEE PART II
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1REALTOR University has adopted a policy on racial nondiscrimination that is included as Article VI of its Bylaws. That policy was also adopted by resolution of the Board of Regents on May 21, 2011. REALTOR University notifies all potential students of its racially nondiscriminatory policy when they register online. Due to REALTOR University's exclusively online nature, this is the only notification that potential applicants receive. REALTOR University follows at all times a racially nondiscriminatory policy as to students, as demonstrated by the racial diversity of its students, and complies with Section 4.02 of Rev. Rul. 75-50 by including a statement of its racially nondiscriminatory policy as to students in all its brochures and catalogues dealing with student admissions, programs and scholarships. REALTOR University also includes a reference to its racially nondiscriminatory policy in other written advertising that it uses as a means of informing prospective students of its programs.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATION POLICY
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships Awarded
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt040690
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0MERIT BASED SCHOLARSHIP GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt030
IRS990ScheduleI/RecipientTable/CashGrantAmt0132815
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)6
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PLEDGE OF REMAINING NET ASSETS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CENTER FOR SPECIALIZED REALTOR EDUCATION
IRS990ScheduleI/RecipientTable/RecipientEIN0364173556
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0430 N Michigan Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chicago
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060611

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