Civic Intelligence

Reem Summit Nfp

990EZ • Fiscal year 2019 • EIN 46-5727187

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 27, 2020

Organization ProfileN/A
125 S Wacker Drive Suite 1220Chicago, IL 60606

(312) 448-7830

Siviq Scores

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

Liabilities / Assets

95th percentile

0.70x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

1.42x

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

66th percentile

9.0%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

92nd percentile

61%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2019

Revenue Growth

36th percentile

-5.3%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$278,576

Up $171,334 (+160%) from 2017

Net Assets

Down

$84,298

Down $22,944 (-21%) from 2017

Liabilities

Up

$194,278

Up $194,278 from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin66th percentile

Revenue

Down

$137,266

Down $15,635 (-10%) from 2017

Expenses

Up

$124,891

Up $24,492 (+24%) from 2017

Net Income

Down

$12,375

Down $40,127 (-76%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$300K$200K$100K$0Assets 2016: $54,740Liabilities 2016: $0Net Assets 2016: $54,7402016Assets 2017: $107,242Liabilities 2017: $0Net Assets 2017: $107,2422017Assets 2019: $278,576Liabilities 2019: $194,278Net Assets 2019: $84,2982019Assets 2021: $123,049Liabilities 2021: $89,861Net Assets 2021: $33,1882021Assets 2022: $123,049Liabilities 2022: $89,861Net Assets 2022: $33,1882022Assets 2023: $245,532Liabilities 2023: $187,825Net Assets 2023: $57,7072023Assets 2024: $92,168Liabilities 2024: $34,461Net Assets 2024: $57,7072024

Highlighted filing

2019

Assets$278,576
Liabilities$194,278
Net Assets$84,298
Open 2019 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KRevenue 2016: $139,746Expenses 2016: $116,261Net Income 2016: $23,4852016Revenue 2017: $152,901Expenses 2017: $100,399Net Income 2017: $52,5022017Revenue 2019: $137,266Expenses 2019: $124,891Net Income 2019: $12,3752019Revenue 2021: $122,889Expenses 2021: $174,214Net Income 2021: -$51,3252021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $220,153Expenses 2023: $195,634Net Income 2023: $24,5192023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2019

Revenue$137,266
Expenses$124,891
Net Income$12,375
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 27, 2020
Return Version
2019v5.1
Gross Receipts
$137,266
Mission and Program Overview

Mission

Professional organization to educate about real estate emerging managers. Holds a conference every other year in texas.

Provide educational opportunities for emerging managers.

Program Services

DescriptionGrantsExpenses
The purpose of the REEM Summit NFP is to educate and inform the real estate industry about emerging managers through interactive dialogue between real estate emerging managers. The REEM Summit NFP provides a platform for real estate emerging managers to share ideas and experiences and learn from each other.--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larissa HerczegPresident/Director-$0--
James HennesseyTreasurer-$0--
Krista KerrSecretary-$0--
Benjamin FriedmanDirector-$0--
Michael O'MalleyDirector-$0--
Phillip SlovittDirector-$0--
Filing and Contact Details

Filer

Filer Name
REEM Summit NFP
EIN
46-5727187
In Care Of
% OAK ST REAL ESTATE CAPITAL
Phone
3124487830
Address
125 S Wacker Drive Suite 1220, Chicago, IL 60606

Signing Officer

Name
Larissa Herczeg
Title
President
Phone
3124487830
Signed
2020-10-27
Discuss with paid preparer
Yes

Preparer

Firm
Bdo USA Llp
Address
330 N Wabash Suite 3200, CHICAGO, IL 60611
Preparer
Jacob Cook
Phone
3128569100
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part V - Info Regarding Personal Benefit Contracts

“during the year, The Organization did not receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. during the year, The Organization did not pay any premiums, directly or indirectly, on a personal benefit contract.”

Form 990EZ Part I Line 16

“Description:MISCELLANEOUS EXPENSES Amount:5433”

Form 990EZ Part I Line 16

“Description:OFFICE EXPENSES Amount:133”

Form 990EZ Part II Line 24

“Description:DEFERRED REVENUE BOY Amount:EOY Amount:55400”

Form 990EZ Part II Line 26

“Description:OTHER LIABILITIES BOY Amount:EOY Amount:104417”

Raw XML Appendix147 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum03124487830
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060606
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt071923
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IRS990EZ/ContributionsGiftsGrantsEtcAmt0137266
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IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt012375
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02568
IRS990EZ/FiledScheduleAInd0false
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IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt071923
IRS990EZ/NetAssetsOrFundBalancesEOYAmt084298
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt071923
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt084298
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.5
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Larissa Herczeg
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1James Hennessey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Krista Kerr
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Benjamin Friedman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Michael O'Malley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Phillip Slovitt
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President/Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt055400
IRS990EZ/OtherExpensesTotalAmt0122323
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provide educational opportunities for emerging managers.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The purpose of the REEM Summit NFP is to educate and inform the real estate industry about emerging managers through interactive dialogue between real estate emerging managers. The REEM Summit NFP provides a platform for real estate emerging managers to share ideas and experiences and learn from each other.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0194278
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0124891
IRS990EZ/TotalRevenueAmt0137266
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0during the year, The Organization did not receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. during the year, The Organization did not pay any premiums, directly or indirectly, on a personal benefit contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:MISCELLANEOUS EXPENSES Amount:5433
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:OFFICE EXPENSES Amount:133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:DEFERRED REVENUE BOY Amount:EOY Amount:55400
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:OTHER LIABILITIES BOY Amount:EOY Amount:104417
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part V - Info Regarding Personal Benefit Contracts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART II LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARISSA HERCZEG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03124487830
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REEM Summit NFP
ReturnHeader/Filer/BusinessNameControlTxt0REEM
ReturnHeader/Filer/EIN0465727187
ReturnHeader/Filer/InCareOfNm0% OAK ST REAL ESTATE CAPITAL
ReturnHeader/Filer/PhoneNum03124487830
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 S Wacker Drive Suite 1220
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060606
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06C6E7E12EE29B3FFBF1FCFC1D775B10F0E903959
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05A87CDB628F42FEBEB468B67B291677CC8A0A888
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId036189620203105000000
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.50.97.12
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0330 N Wabash Suite 3200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060611
ReturnHeader/PreparerPersonGrp/PhoneNum03128569100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jacob Cook
ReturnHeader/ReturnTs02020-11-05T14:06:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$278,576
Liabilities
$194,278
Net assets
$84,298
Revenue
$137,266
Expenses
$124,891
Net income
$12,375
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.92$0.34$0.58$0.00$0.00$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$1.88$0.58$2.20$1.96$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.90$0.33$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.90$0.33$1.23$1.74$0.51
2019Detailed filing. Detailed filing data is available for this year.$2.79$1.94$0.84$1.37$1.25$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$1.53$1.00$0.53
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$1.40$1.16$0.23