Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
990 • Fiscal year 2019 • EIN 82-1060870
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
10th percentile
Higher debt load relative to assets than 10% of similar nonprofits.
Liabilities / Revenue
9th percentile
Higher debt load relative to revenue than 9% of similar nonprofits.
Net Margin
98th percentile
Higher net margin than 98% of similar nonprofits.
Top Officer Pay
14th percentile
Higher top officer pay than 14% of similar nonprofits.
Top officer pay equals 0.7% of source-year revenue.
Asset Growth
90th percentile
Faster asset growth than 90% of similar nonprofits.
Revenue Growth
87th percentile
Faster revenue growth than 87% of similar nonprofits.
Assets
Up$14,559,053
Up $3,652,413 (+33%) from 2018
Net Assets
Up$14,506,069
Up $3,718,876 (+34%) from 2018
Liabilities
Down$52,984
Down $66,463 (-56%) from 2018
Revenue
Up$4,107,208
Up $1,105,794 (+37%) from 2018
Expenses
Up$288,332
Up $96,697 (+50%) from 2018
Net Income
Up$3,818,876
Up $1,009,097 (+36%) from 2018
The mission of prea foundation, inc. (the foundation) is to further the interests and values of the institutional real estate investment community by advancing industry-wide diversity and inclusion.
To advance the real estate industry-wide diversity and inclusion
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $6,897,431 | $7,233,424 | ▲ $335,993 |
| Savings and Temporary Cash Investments | $3,974,979 | $6,200,116 | ▲ $2,225,137 |
| Cash and Non-Interest-Bearing Accounts | - | $599,315 | - |
| Prepaid Expenses and Deferred Charges | - | $526,198 | - |
| Total Assets | $10,906,640 | $14,559,053 | ▲ $3,652,413 |
| Other Assets Total | $34,230 | - | - |
| Liabilities | |||
| Grants Payable | $100,000 | - | - |
| Other Liabilities | $0 | $27,090 | ▲ $27,090 |
| Accounts Payable and Accrued Expenses | $19,447 | $25,894 | ▲ $6,447 |
| Total Liabilities | $119,447 | $52,984 | ▼ $66,463 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,889,762 | $7,272,645 | ▲ $3,382,883 |
| Net Assets With Donor Restrictions | $6,897,431 | $7,233,424 | ▲ $335,993 |
| Total Net Assets Fund Balance | $10,787,193 | $14,506,069 | ▲ $3,718,876 |
| Total Liabilities and Net Assets / Fund Balance | $10,906,640 | $14,559,053 | ▲ $3,652,413 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Kathy Jeramaz-larson | Executive Director | PT | $29,600 | $29,600 |
| Name | Title |
|---|---|
| Debbie Harmon | Chair |
| Kevin Faxon | President |
| Kathleen Mccarthy | Vice President |
| David Gilbert | Director |
| Eric Lang | Director |
| Gail Haynes | Director |
| Glenn Lowenstein | Director |
| Jonathan Davis | Director |
| Mike Dire | Director |
| Ralph Rosenberg | Director |
| Sonny Kalsi | Director |
| Yvonne Nelson | Secretary |
| Dhvani Shah | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $211,332 |
| Grants and Similar Amounts Paid | $77,000 |
| Total Fundraising Expense | $7,269 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Accounting | - | $103,034 | - | $103,034 |
| Grants to Domestic Orgs | $77,000 | - | - | $77,000 |
| Fees for Services Legal | - | $50,915 | - | $50,915 |
| Advertising | - | $2,790 | $7,269 | $10,059 |
| Travel | - | $5,374 | - | $5,374 |
| Office Expenses | - | $4,611 | - | $4,611 |
| Insurance | - | $1,433 | - | $1,433 |
| Other Expenses | - | $202 | - | $202 |
| Total Functional Expenses | $77,000 | $204,063 | $7,269 | $288,332 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $388,332 |
| Expenses per Audited Statements | $288,332 |
| Total Expenses per Form 990 | $288,332 |
| Expenses Not Reported on Form 990 | $100,000 |
| Expenses Not Reported on Financial Statements | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Basis Impact Group Foundation Inc | New York, NY | 501(c)(3) | See Part Iv | $100,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Affiliate | $27,090 |
“During the year end december 31, 2019 the foundation amended their bylaws effective october 17, 2019. The bylaws amended the service terms of the directors from one-year renewal terms to 3-year staggerd terms.”
“The draft federal form 990 is reviewed by the executive director of the foundation and the president of the pension real estate association who also serves on the board of directors of the foundation. Such review takes place upon receipt of the draft form 990, which is prepared by the independent public accounting firm. The review includes the financial information reported and a review of all narrative information for accuracy and completeness prior to filing with the internal revenue service. Further, a complete copy of the form 990 is provided to each member of the board of directors prior to filing.”
“Board members are required to file a statement on an annual basis disclosing any potential interest that could give rise to conflicts. Individuals with potential conflicts of interest are prohibited from participating in any deliberations or decision that may be affected by a potential conflict of interest.”
“The compensation of the executive director, who is an independent contractor that was hired on an interim basis, was approved by the board of directors.”
“The foundation's audited financial statements are available to the public via foundations website as well as upon request. The foundation's governing documents and conflict of interest policy are available upon request.”
“Uncollectible contribution receivable -100,000.”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 19447 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 25894 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO ADVANCE THE REAL ESTATE INDUSTRY-WIDE DIVERSITY AND INCLUSION |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 7269 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 2790 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 10059 |
| IRS990/AllOtherContributionsAmt | 0 | 4018031 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | GAIL HAYNES |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8606926341 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 100 PEARL STREET 13TH FLOOR |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | HARTFORD |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CT |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 06103 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 599315 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4018031 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 77000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 89177 |
| IRS990/CYOtherExpensesAmt | 0 | 211332 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 3818876 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 288332 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 7269 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 4107208 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO QUALIFIED GRANTEE(S) WHICH PROVIDE PROFESSIONAL DEVELOPMENT PROGRAMS AND TRAINING TO ENCOURAGE MINORITIES TO PURSUE CAREERS IN THE REAL ESTATE INDUSTRY. DURING THE SUMMER OF 2019, THE PROGRAM PLACE 59 INTERNS WITH 42 REAL ESTATE FIRMS ACROSS 17 CITIES. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 6897431 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7233424 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 77000 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 103034 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 103034 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 50915 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 50915 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DEBBIE HARMON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | KEVIN FAXON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DHVANI SHAH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | YVONNE NELSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | KATHLEEN MCCARTHY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JONATHAN DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MIKE DIRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAVID GILBERT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | GAIL HAYNES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | SONNY KALSI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | ERIC LANG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | GLENN LOWENSTEIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | RALPH ROSENBERG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | KATHY JERAMAZ-LARSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 29600 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GrantAmt | 0 | 77000 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 100000 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 77000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 77000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 4107208 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 1433 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 1433 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 89177 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 89177 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE MISSION OF PREA FOUNDATION, INC. (THE FOUNDATION) IS TO FURTHER THE INTERESTS AND VALUES OF THE INSTITUTIONAL REAL ESTATE INVESTMENT COMMUNITY BY ADVANCING INDUSTRY-WIDE DIVERSITY AND INCLUSION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 10787193 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 14506069 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3889762 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 7272645 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 4611 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 4611 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 34230 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -100000 |
| IRS990/OtherExpensesGrp/Desc | 0 | CONSULTING FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | TAXES AND LICENSES |
| IRS990/OtherExpensesGrp/Desc | 2 | BANK FEES |
| IRS990/OtherExpensesGrp/Desc | 3 | PAYROLL FEES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 29600 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 3668 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2436 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 202 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 29600 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 3668 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2436 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 202 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 27090 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 6897431 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 7233424 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 526198 |
| IRS990/PrincipalOfficerNm | 0 | DEBBIE HARMON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2948339 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 27820 |
| IRS990/PYInvestmentIncomeAmt | 0 | 53075 |
| IRS990/PYOtherExpensesAmt | 0 | 127580 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2809779 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 36235 |
| IRS990/PYTotalExpensesAmt | 0 | 191635 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3001414 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 6200116 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | AS THE FOUNDATION WAS INCORPORATED ON APRIL 3, 2017, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2017. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART II, EXPLANATION OF SHORT YEAR: |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8955750 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 53075 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1689 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
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| IRS990ScheduleD/LossesReportedAmt | 0 | 100000 |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO AFFILIATE |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | SEE PART IV |
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| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 75 BROAD STREET SUITE 2110 |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | NEW YORK |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 10004 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION MAKES GRANT AWARDS TO PUBLIC CHARITIES UPON REVIEW OF GRANT PROPOSALS THAT SUFFICIENTLY DEMONSTRATE THE INTENDED USE OF THE FUNDS TO SUPPORT REAL-ESTATE RELATED PROGRAMS. THE FOUNDATION REVIEWS PERIODIC REPORTS FROM GRANTEES TO CONFIRM THAT FUNDS DONATED ARE BEING USED IN THE MANNER DESCRIBED AND CONSISTENT WITH THE FOUNDATION'S MISSION. |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 1 | FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART II, LINE 1, COLUMN (H) |
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| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 0 |
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| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DURING THE YEAR END DECEMBER 31, 2019 THE FOUNDATION AMENDED THEIR BYLAWS EFFECTIVE OCTOBER 17, 2019. THE BYLAWS AMENDED THE SERVICE TERMS OF THE DIRECTORS FROM ONE-YEAR RENEWAL TERMS TO 3-YEAR STAGGERD TERMS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE PRESIDENT OF THE PENSION REAL ESTATE ASSOCIATION WHO ALSO SERVES ON THE BOARD OF DIRECTORS OF THE FOUNDATION. SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990, WHICH IS PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM. THE REVIEW INCLUDES THE FINANCIAL INFORMATION REPORTED AND A REVIEW OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FURTHER, A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BOARD MEMBERS ARE REQUIRED TO FILE A STATEMENT ON AN ANNUAL BASIS DISCLOSING ANY POTENTIAL INTEREST THAT COULD GIVE RISE TO CONFLICTS. INDIVIDUALS WITH POTENTIAL CONFLICTS OF INTEREST ARE PROHIBITED FROM PARTICIPATING IN ANY DELIBERATIONS OR DECISION THAT MAY BE AFFECTED BY A POTENTIAL CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE COMPENSATION OF THE EXECUTIVE DIRECTOR, WHO IS AN INDEPENDENT CONTRACTOR THAT WAS HIRED ON AN INTERIM BASIS, WAS APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA FOUNDATIONS WEBSITE AS WELL AS UPON REQUEST. THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -100,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9: |
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| IRS990/SignificantChangeInd | 0 | 0 |
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| IRS990/StatesWhereCopyOfReturnIsFldCd | 1 | IL |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 204063 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 52984 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 52984 |
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| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 77000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 29600 |
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| IRS990/TotalVolunteersCnt | 0 | 13 |
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| IRS990/TravelGrp/TotalAmt | 0 | 5374 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990/UponRequestInd | 0 | X |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.