Civic Intelligence

Real Estate Educational Programs Inc.

990 • Fiscal year 2017 • EIN 46-3713063

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization ProfileN/A
88 S 10th StMinneapolis, MN 55403

(612) 333-6533

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

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

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

100th percentile

11093%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

100th percentile

15117%

Faster revenue growth than 100% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,532,284

Up $1,518,594 (+11093%) from 2016

Net Assets

Up

$1,532,284

Up $1,518,594 (+11093%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin99th percentile

Revenue

Up

$1,526,002

Up $1,515,974 (+15117%) from 2016

Expenses

Down

$7,408

Down $50,903 (-87%) from 2016

Net Income

Up

$1,518,594

Up $1,566,877 (+3245%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $0Liabilities 2013: $02013Assets 2014: $1,215,786Liabilities 2014: $1,215,786Net Assets 2014: $02014Assets 2015: $61,973Liabilities 2015: $0Net Assets 2015: $61,9732015Assets 2016: $13,690Liabilities 2016: $0Net Assets 2016: $13,6902016Assets 2017: $1,532,284Liabilities 2017: $0Net Assets 2017: $1,532,2842017Assets 2018: $1,509,138Liabilities 2018: $28,049Net Assets 2018: $1,481,0892018Assets 2019: $1,507,558Liabilities 2019: $54,260Net Assets 2019: $1,453,2982019Assets 2020: $1,459,733Liabilities 2020: $54,260Net Assets 2020: $1,405,4732020Assets 2021: $1,437,170Liabilities 2021: $54,260Net Assets 2021: $1,382,9102021Assets 2022: $1,410,060Liabilities 2022: $63,972Net Assets 2022: $1,346,0882022Assets 2023: $1,129,692Liabilities 2023: $0Net Assets 2023: $1,129,6922023Assets 2024: $1,110,249Liabilities 2024: $0Net Assets 2024: $1,110,2492024

Highlighted filing

2017

Assets$1,532,284
Liabilities$0
Net Assets$1,532,284
Open 2017 Filing

Operations Trend

Revenue Growth100th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $62,523Expenses 2015: $550Net Income 2015: $61,9732015Revenue 2016: $10,028Expenses 2016: $58,311Net Income 2016: -$48,2832016Revenue 2017: $1,526,002Expenses 2017: $7,408Net Income 2017: $1,518,5942017Revenue 2018: $3,000Expenses 2018: $54,195Net Income 2018: -$51,1952018Revenue 2019: $2,200Expenses 2019: $29,991Net Income 2019: -$27,7912019Revenue 2020: -$16,166Expenses 2020: $30,659Net Income 2020: -$46,8252020Revenue 2021: $4,600Expenses 2021: $27,163Net Income 2021: -$22,5632021Revenue 2022: $3,600Expenses 2022: $40,422Net Income 2022: -$36,8222022Revenue 2023: -$189,403Expenses 2023: $26,993Net Income 2023: -$216,3962023Revenue 2024: $1,857Expenses 2024: $21,300Net Income 2024: -$19,4432024

Highlighted filing

2017

Revenue$1,526,002
Expenses$7,408
Net Income$1,518,594
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.2
Gross Receipts
$1,526,002
Mission and Program Overview

Mission

To promote and engage in projects that will raise scholarship funds for real estate students and provide financial support for real estate programs. This will provide "hands on real world" internship experiences for students.

To promote and engage in projects that will raise scholarship funds for real estate students and provide financial support for real estate programs. This will provide hands on real world internship experiences for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,506,000-
Cash and Non-Interest-Bearing Accounts$13,690$26,284▲ $12,594
Total Assets$13,690$1,532,284▲ $1,518,594
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$13,690$1,532,284▲ $1,518,594
Total Net Assets Fund Balance$13,690$1,532,284▲ $1,518,594
Total Liabilities and Net Assets / Fund Balance$13,690$1,532,284▲ $1,518,594

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,506,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Robert StrachotaPresident
Erik SchweglerDirector
Francis LangDirector
Kraus AndersonDirector
Opus Holdings LLCDirector
Richard PakonenDirector
Scott TankenoffDirector
Tom CrowleyDirector
Ron PeltierSecretary
Will HoegTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,526,000
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$1,526,000
Change in Net Assets
$1,518,594

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other2$1,506,000Valuation
Other Non Cash Contri Table1$725,000Valuation
Other Non Cash Contri Table1$660,000Valuation
Other Non Cash Contri Table1$121,000Valuation
Total Noncash Contributions5$3,012,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,408
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$5,184--$5,184
Insurance$1,608--$1,608
Fees for Services Accounting$550--$550
Office Expenses$66--$66
Total Functional Expenses$7,408$0$0$7,408
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Form 990 will be provided to appropriate members of the governing body.”

Conflict of interest policy compliance Part VI line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.An interested person may make a presentation but shall leave the meeting during discussion of, and the vote on, the transaction or arrangement. A disinterested thrid party may be appointed to investigate alternatives to the proposed transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain.”

Form 990 availability to public Part VI line 18

“The 990 is available on Guidestar.org and via direct request.”

Governing documents etc available to public Part VI line 19

“As required, Form 1023 and other governing documents are available to the public upon request. The request must be made in writing to the address on the tax return. If documents are needed at a rush or additional costs are incurred to provide them, a fee may be charged at the discretion of the President.”

Filing and Contact Details

Filer

Filer Name
Real Estate Educational Programs
EIN
46-3713063
Address
88 S 10th St, Minneapolis, MN 55403

Signing Officer

Name
Robert Strachota
Title
President
Phone
6123336533
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Strachota
Formed
2013
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
20

Preparer

Firm
Cheryl Hawkins Tax and Accounting
Address
700 Seville Dr STE 204, Jordan, MN 55352
Preparer
Cheryl Hawkins CPA
Phone
9522228272
Supplemental Narrative

Additional Explanations

General explanation attachment

“Organizations mission or most significant activites:To promote and engage in projects that will raise scholarship funds for real estate students and provide financial support for real estate programs. This will provide hands on real world internship experiences for students.”

Raw XML Appendix378 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.

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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt21
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Unimproved Land
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Unimproved Land
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt1725000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt2121000
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt02
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IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt01506000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 will be provided to appropriate members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.An interested person may make a presentation but shall leave the meeting during discussion of, and the vote on, the transaction or arrangement. A disinterested thrid party may be appointed to investigate alternatives to the proposed transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 is available on Guidestar.org and via direct request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3As required, Form 1023 and other governing documents are available to the public upon request. The request must be made in writing to the address on the tax return. If documents are needed at a rush or additional costs are incurred to provide them, a fee may be charged at the discretion of the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organizations mission or most significant activites:To promote and engage in projects that will raise scholarship funds for real estate students and provide financial support for real estate programs. This will provide hands on real world internship experiences for students.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt07408
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01532284
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IRS990/TotalProgramServiceExpensesAmt07408
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01532284
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Strachota
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06123336533
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Real Estate Educational Programs
ReturnHeader/Filer/BusinessNameControlTxt0REAL
ReturnHeader/Filer/EIN0463713063
ReturnHeader/Filer/USAddress/AddressLine1Txt088 S 10th St
ReturnHeader/Filer/USAddress/CityNm0Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055403
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0814E92BA25B9F49F82B9941AE5C8176791DEED39
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0814E92BA25B9F49F82B9941AE5C8176791DEED39
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId04177142018320feiwzjg
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.72.129.92
ReturnHeader/FilingSecurityInformation/IPDt02018-11-16
ReturnHeader/FilingSecurityInformation/IPTm002:31:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472001801
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cheryl Hawkins Tax and Accounting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 Seville Dr STE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Jordan
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055352
ReturnHeader/PreparerPersonGrp/PhoneNum09522228272
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cheryl Hawkins CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-16T02:30:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,532,284
Liabilities
$0
Net assets
$1,532,284
Revenue
$1,526,002
Expenses
$7,408
Net income
$1,518,594
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.00$0.02$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$0.00$1.13$0.19$0.03$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.06$1.35$0.00$0.04$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.05$1.38$0.00$0.03$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.05$1.41$0.02$0.03$0.05
2019Summary only. Only limited summary data is available for this year.$1.51$0.05$1.45$0.00$0.03$0.03
2018Summary only. Only limited summary data is available for this year.$1.51$0.03$1.48$0.00$0.05$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$1.53$0.01$1.52
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.01$0.06$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.06$0.00$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.22$1.22$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits