Civic Intelligence

Prea Foundation Inc.

990 • Fiscal year 2020 • EIN 82-1060870

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 26, 2021

Organization ProfileWWW.PREA.ORG/FOUNDATION

View Organization Page

100 Pearl Sreet 13th FloorHartford, CT 06103

(860) 692-6341

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

6th percentile

-55%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$96,800

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

17th percentile

-2.7%

Faster asset growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$14,168,741

Down $390,312 (-2.7%) from 2019

Net Assets

Down

$14,149,283

Down $356,786 (-2.5%) from 2019

Liabilities

Down

$19,458

Down $33,526 (-63%) from 2019

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin6th percentile

Revenue

Down

$648,969

Down $3,458,239 (-84%) from 2019

Expenses

Up

$1,005,755

Up $717,423 (+249%) from 2019

Net Income

Down

-$356,786

Down $4,175,662 (-109%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$40M$30M$20M$10M$0Assets 2017: $8,707,414Liabilities 2017: $730,000Net Assets 2017: $7,977,4142017Assets 2018: $10,906,640Liabilities 2018: $119,447Net Assets 2018: $10,787,1932018Assets 2019: $14,559,053Liabilities 2019: $52,984Net Assets 2019: $14,506,0692019Assets 2020: $14,168,741Liabilities 2020: $19,458Net Assets 2020: $14,149,2832020Assets 2021: $15,344,989Liabilities 2021: $43,038Net Assets 2021: $15,301,9512021Assets 2022: $23,190,569Liabilities 2022: $5,551Net Assets 2022: $23,185,0182022Assets 2023: $24,550,282Liabilities 2023: $67,334Net Assets 2023: $24,482,9482023Assets 2024: $35,763,271Liabilities 2024: $79,789Net Assets 2024: $35,683,4822024

Highlighted filing

2020

Assets$14,168,741
Liabilities$19,458
Net Assets$14,149,283
Open 2020 Filing

Operations Trend

Revenue Growth1st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $8,957,439Expenses 2017: $980,025Net Income 2017: $7,977,4142017Revenue 2018: $3,001,414Expenses 2018: $191,635Net Income 2018: $2,809,7792018Revenue 2019: $4,107,208Expenses 2019: $288,332Net Income 2019: $3,818,8762019Revenue 2020: $648,969Expenses 2020: $1,005,755Net Income 2020: -$356,7862020Revenue 2021: $2,684,612Expenses 2021: $1,531,944Net Income 2021: $1,152,6682021Revenue 2022: $9,656,557Expenses 2022: $1,773,490Net Income 2022: $7,883,0672022Revenue 2023: $4,481,458Expenses 2023: $3,288,293Net Income 2023: $1,193,1652023Revenue 2024: $14,098,469Expenses 2024: $3,712,060Net Income 2024: $10,386,4092024

Highlighted filing

2020

Revenue$648,969
Expenses$1,005,755
Net Income-$356,786
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 26, 2021
Return Version
2020v4.1
Gross Receipts
$648,969
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,200,116$8,528,284▲ $2,328,168
Pledges and Grants Receivable$7,233,424$4,766,921▼ $2,466,503
Prepaid Expenses and Deferred Charges$526,198$541,207▲ $15,009
Cash and Non-Interest-Bearing Accounts$599,315$332,329▼ $266,986
Total Assets$14,559,053$14,168,741▼ $390,312
Liabilities
Accounts Payable and Accrued Expenses$25,894$18,258▼ $7,636
Other Liabilities$27,090$1,200▼ $25,890
Total Liabilities$52,984$19,458▼ $33,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,272,645$9,382,362▲ $2,109,717
Net Assets With Donor Restrictions$7,233,424$4,766,921▼ $2,466,503
Total Net Assets Fund Balance$14,506,069$14,149,283▼ $356,786
Total Liabilities and Net Assets / Fund Balance$14,559,053$14,168,741▼ $390,312
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kathy Jeramaz-larsonExecutive Director (thru 12/2020)PT$96,800$96,800
Ivan BarronExecutive Director (eff. 12/2020)FT$24,885$24,885

Board Members and Trustees

NameTitle
Debbie HarmonChair
Kevin FaxonPresident
Kathleen MccarthyVice President
David GilbertDirector
Eric LangDirector
Gail HaynesDirector
Jonathan DavisDirector
Mike DireDirector
Sonny KalsiDirector
Chris LeeDirector (eff. 04/2020)
John BradyDirector (eff. 04/2020)
Linda AssanteDirector (eff. 04/2020)
Tom LeeDirector (eff. 04/2020)
Ralph RosenbergDirector (thru 04/2020)
Yvonne NelsonSecretary
Dhvani ShahTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$631,345
Program Service Revenue
$0
Investment Income
$17,624
Other Revenue
$0
All Other Contributions
$631,345
Change in Net Assets
$-356,786

Audited Revenue Reconciliation

Revenue per Audited Statements
$648,969
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$648,969
Total Revenue per Form 990
$648,969
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$725,000
Other Expenses$248,766
Salaries, Compensation, and Employee Benefits$31,989
Total Fundraising Expense$8,289
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$725,000--$725,000
Current Officers, Directors, Trustees, and Key Employees-$28,193-$28,193
Fees for Services Accounting-$21,191-$21,191
Fees for Services Legal-$16,307-$16,307
Advertising--$8,289$8,289
Payroll Taxes-$3,796-$3,796
Insurance-$2,623-$2,623
Other Expenses$10,000$2,245-$2,245
Office Expenses-$2,194-$2,194
Travel-$1,989-$1,989
All Other Expenses-$84-$84
Total Functional Expenses$735,000$262,466$8,289$1,005,755

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,005,755
Total Expenses per Audited Statements$1,005,755
Total Expenses per Form 990$1,005,755
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sponsors for Educational Opportunity IncNew York, NY501(c)(3)Prea/seo Real Estate Track Summer 2020 Internship Program$525,000
Basis Impact Group Foundation IncNew York, NY501(c)(3)See Part Iv$200,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$1,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

“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.”

Form 990, Part VI, Section B, Line 12C

“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.”

Form 990, Part VI, Section B, Line 15A

“The compensation of the executive director, who is an independent contractor that was hired on an interim basis (thru december 2020), was approved by the board of directors. In december 2020, a new executive director was hired by the organization. The compensation for this executive director was reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“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.”

Filing and Contact Details

Filer

Filer Name
Prea Foundation Inc
EIN
82-1060870
Phone
8606926341
Address
100 PEARL SREET 13TH FLOOR, HARTFORD, CT 06103

Signing Officer

Name
Debbie Harmon
Title
Chair
Phone
8606926341
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Harmon
Formed
2017
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
15

Preparer

Firm
Leonard Mulherin & Greene Pc
Address
625 GROVE STREET, BRAINTREE, MA 02184
Preparer
Michelle J Amaral
Phone
7813564800
Raw XML AppendixShowing 400 of 488 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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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02623
IRS990/InsuranceGrp/TotalAmt02623
IRS990/InvestmentIncomeGrp/ExclusionAmt017624
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt017624
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014506069
IRS990/NetAssetsOrFundBalancesEOYAmt014149283
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07272645
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09382362
IRS990/NoncashContributionsAmt07114
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02194
IRS990/OfficeExpensesGrp/TotalAmt02194
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONSULTING FEES
IRS990/OtherExpensesGrp/Desc1MARKETING
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0177225
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16619
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22245
IRS990/OtherExpensesGrp/ProgramServicesAmt010000
IRS990/OtherExpensesGrp/TotalAmt0177225
IRS990/OtherExpensesGrp/TotalAmt110000
IRS990/OtherExpensesGrp/TotalAmt26619
IRS990/OtherExpensesGrp/TotalAmt32245
IRS990/OtherLiabilitiesGrp/BOYAmt027090
IRS990/OtherLiabilitiesGrp/EOYAmt01200
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03796
IRS990/PayrollTaxesGrp/TotalAmt03796
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07233424
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04766921
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0526198
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0541207
IRS990/PrincipalOfficerNm0DEBBIE HARMON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04018031
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt077000
IRS990/PYInvestmentIncomeAmt089177
IRS990/PYOtherExpensesAmt0211332
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03818876
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0288332
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04107208
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-356786
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06200116
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08528284
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0AS THE FOUNDATION WAS INCORPORATED ON APRIL 3, 2017, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, EXPLANATION OF SHORT YEAR:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0631345
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04018031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02948339
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08955750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016553465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt017624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt089177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053075
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01689
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0161565
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt015052157
IRS990ScheduleA/SubstantialContributorsTotAmt01501308
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0631345
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04018031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02948339
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08955750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016553465
IRS990ScheduleA/TotalSupportAmt016715030
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01005755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0648969
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01005755
IRS990ScheduleD/TotalLiabilityAmt01200
IRS990ScheduleD/TotalRevenuePerForm990Amt0648969
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0648969
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01005755
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0200000
IRS990ScheduleI/RecipientTable/CashGrantAmt1525000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE PART IV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PREA/SEO REAL ESTATE TRACK SUMMER 2020 INTERNSHIP PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BASIS IMPACT GROUP FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SPONSORS FOR EDUCATIONAL OPPORTUNITY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0815262949
IRS990ScheduleI/RecipientTable/RecipientEIN1132578670
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt075 BROAD STREET SUITE 2110
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt155 EXCHANGE PLACE SUITE 601
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010004
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110005
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1FOR THE BENEFIT OF THE REAL ESTATE EXECUTIVE COUNCIL SUMMER INTENSIVE PROGRAM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 1, COLUMN (H)
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1BOARD 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/ExplanationTxt2THE COMPENSATION OF THE EXECUTIVE DIRECTOR, WHO IS AN INDEPENDENT CONTRACTOR THAT WAS HIRED ON AN INTERIM BASIS (THRU DECEMBER 2020), WAS APPROVED BY THE BOARD OF DIRECTORS. IN DECEMBER 2020, A NEW EXECUTIVE DIRECTOR WAS HIRED BY THE ORGANIZATION. THE COMPENSATION FOR THIS EXECUTIVE DIRECTOR WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1IL

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,168,741
Liabilities
$19,458
Net assets
$14,149,283
Revenue
$648,969
Expenses
$1,005,755
Net income
-$356,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.8$0.08$35.7$14.1$3.71$10.4
2023Detailed filing. Detailed filing data is available for this year.$24.6$0.07$24.5$4.48$3.29$1.19
2022Detailed filing. Detailed filing data is available for this year.$23.2$0.01$23.2$9.66$1.77$7.88
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.04$15.3$2.68$1.53$1.15
2020Detailed filing. Detailed filing data is available for this year.$14.2$0.02$14.1$0.65$1.01$0.36
2019Detailed filing. Detailed filing data is available for this year.$14.6$0.05$14.5$4.11$0.29$3.82
2018Detailed filing. Detailed filing data is available for this year.$10.9$0.12$10.8$3.00$0.19$2.81
2017Summary only. Only limited summary data is available for this year.$8.71$0.73$7.98$8.96$0.98$7.98