Civic Intelligence

Real Estate Educational Programs Inc.

990 • Fiscal year 2022 • EIN 46-3713063

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileN/A
88 S 10th St 400Minneapolis, MN 55403

(612) 333-6533

Siviq Scores

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

Liabilities / Assets

46th percentile

0.05x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

17.77x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

1st percentile

-1023%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

40th percentile

-1.9%

Faster asset growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

18th percentile

-22%

Faster revenue growth than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$1,410,060

Down $27,110 (-1.9%) from 2021

Net Assets

Down

$1,346,088

Down $36,822 (-2.7%) from 2021

Liabilities

Up

$63,972

Up $9,712 (+18%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$3,600

Down $1,000 (-22%) from 2021

Expenses

Up

$40,422

Up $13,259 (+49%) from 2021

Net Income

Down

-$36,822

Down $14,259 (-63%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2022

Assets$1,410,060
Liabilities$63,972
Net Assets$1,346,088
Open 2022 Filing

Operations Trend

Revenue Growth18th 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

2022

Revenue$3,600
Expenses$40,422
Net Income-$36,822
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$3,600
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,385,000$1,385,000→ $0
Cash and Non-Interest-Bearing Accounts$52,170$25,060▼ $27,110
Total Assets$1,437,170$1,410,060▼ $27,110
Liabilities
Unsecured Notes Loans Payable$54,260$63,972▲ $9,712
Total Liabilities$54,260$63,972▲ $9,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,382,910$1,346,088▼ $36,822
Total Net Assets Fund Balance$1,382,910$1,346,088▼ $36,822
Total Liabilities and Net Assets / Fund Balance$1,437,170$1,410,060▼ $27,110

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,385,000--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Robert StrachotaPresident
-Director
Erik SchweglerDirector
Francis LangDirector
Richard PakonenDirector
Scott TankenoffDirector
Tom CrowleyDirector
Ron PeltierSecretary
Will HoegTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,600
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,600
Change in Net Assets
$-36,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,422
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
Occupancy$25,052--$25,052
Interest$9,712--$9,712
Fees for Services Accounting$4,050--$4,050
Insurance$1,608--$1,608
Total Functional Expenses$40,422$0$0$40,422
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
Business relationship with 35% controlled entity
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, Part VI, Section B, Line 11B

“01. Form 990 governing body review (part vi, line 11) the form 990 will be provided to appropriate members of the governing body.”

Form 990, Part VI, Section B, 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, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, 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
Phone
6123336533
Address
88 S 10TH ST 400, MINNEAPOLIS, MN 55403

Signing Officer

Name
Robert Strachota
Title
President
Phone
6123336533
Signed
2023-11-15
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
30

Preparer

Firm
Et Kelly & Associates LLC
Address
7301 OHMS LANE SUITE 125, EDINA, MN 55439
Preparer
Patricia Moskalik
Phone
9525489150
Supplemental Narrative

Additional Explanations

05. General Explanation Attachment

“Organization's 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 Appendix347 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt001. FORM 990 GOVERNING BODY REVIEW (PART VI, LINE 11) THE 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/ExplanationTxt4ORGANIZATION'S 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, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc405. GENERAL EXPLANATION ATTACHMENT
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01437170
IRS990/TotalAssetsEOYAmt01410060
IRS990/TotalAssetsGrp/BOYAmt01437170
IRS990/TotalAssetsGrp/EOYAmt01410060
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03600
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt040422
IRS990/TotalFunctionalExpensesGrp/TotalAmt040422
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054260
IRS990/TotalLiabilitiesEOYAmt063972
IRS990/TotalLiabilitiesGrp/BOYAmt054260
IRS990/TotalLiabilitiesGrp/EOYAmt063972
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01382910
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01346088
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt040422
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03600
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01437170
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01410060
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt054260
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt063972
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt088 S 10TH ST 400
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055403
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT STRACHOTA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06123336533
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REAL ESTATE EDUCATIONAL PROGRAMS
ReturnHeader/Filer/BusinessNameControlTxt0REAL
ReturnHeader/Filer/EIN0463713063
ReturnHeader/Filer/PhoneNum06123336533
ReturnHeader/Filer/USAddress/AddressLine1Txt088 S 10TH ST 400
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055403
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411990680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ET KELLY & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07301 OHMS LANE SUITE 125
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDINA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055439
ReturnHeader/PreparerPersonGrp/PhoneNum09525489150
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICIA MOSKALIK
ReturnHeader/ReturnTs02023-11-15T20:58:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRACHOTA
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,410,060
Liabilities
$63,972
Net assets
$1,346,088
Revenue
$3,600
Expenses
$40,422
Net income
-$36,822
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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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. 2022 filings • 501(c)3 • $1M-$5M nonprofits