REAL ESTATE BUSINESS INSTITUTE

EIN: 364468856 Community Improvement

Chicago, IL

Total Revenue
$2,713,687
Total Expenses
$2,760,145
Total Assets
$1,367,219
Net Assets
$497,893
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Organization Details

Formation Year
1968
Legal Domicile
IL
Phone
8006218738
Tax Period
2024-01-01 to 2024-12-31

REAL ESTATE BUSINESS INSTITUTE, founded in 1968, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

The Real Estate Business institute (REBI) equips brokerages and agents with advanced business skills and practices.

Program Service Accomplishments

Program 1

MEMBERSHIP PROGRAMS & SUPPORT: THE REAL ESTATE BUSINESS INSTITUTE (REBI) CONFERS FOUR (4) PROFESSIONAL CREDENTIALS: CRB DESIGNATION (CERTIFIED REAL ESTATE BROKERAGE MANAGER) IS ONE OF THE OLDEST AND...

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MEMBERSHIP PROGRAMS & SUPPORT: THE REAL ESTATE BUSINESS INSTITUTE (REBI) CONFERS FOUR (4) PROFESSIONAL CREDENTIALS: CRB DESIGNATION (CERTIFIED REAL ESTATE BROKERAGE MANAGER) IS ONE OF THE OLDEST AND MOST RESPECTED DESIGNATIONS OFFERED IN REAL ESTATE BUSINESS MANAGEMENT; THE SRS DESIGNATION (SELLER REPRESENTATIVE SPECIALIST) IS THE PREMIER CREDENTIAL FOR REALTORS REPRESENTING SELLERS; THE C-RETS CERTIFICATION (CERTIFIED REAL ESTATE TEAM LEADER) IS THE PREMIER CREDENTIAL FOR TEAMS AND TEAM LEADERS; AND THE RENE CERTIFICATION (REAL ESTATE NEGOTIATION EXPERT) IS THE PREMIER CREDENTIAL FOR REAL ESTATE NEGOTIATION TRAINING. THE REBI COMMUNITY SPANS OVER 50,000 MEMBERS WORLDWIDE. THROUGH THE INSTITUTE'S LEADING-EDGE EDUCATION AND RESOURCES, MEMBERS ARE AMONG THE MOST EFFICIENT, EFFECTIVE AND PROFITABLE REAL ESTATE PROFESSIONALS IN THE COUNTRY. REBI PROVIDES PROGRAMS AND RESOURCES TO ITS MEMBERS TO ALLOW THEM TO LEVERAGE OPPORTUNITY AND IMPROVE PERFORMANCE. THESE PROGRAMS AND RESOURCES INCLUDE: *EDUCATION WITH AN EDGE *KNOWLEDGE CENTER *MARKETPLACE OF PRODUCTS AND SERVICES *WEBINARS *CHAPTERS *"THE SOURCE" - VIRTUAL COMMUNITY FOR CRB AND SRS DESIGNEES *MEMBERSHIP DIRECTORY AND RESOURCE CATALOG *REAL ESTATE BUSINESS DIGITAL MAGAZINE (BI-MONTHLY) *E-CONNECTIONS NEWSLETTER (MONTHLY) *TRADE SHOWS

Program 2

EDUCATION: THE INSTITUTE'S CURRICULUM INTEGRATES REAL-WORLD STRATEGIES AND RESOURCES TO DELIVER THE KNOWLEDGE AND EXPERTISE TODAY'S REAL ESTATE PROFESSIONALS NEED TO CREATE OPPORTUNITIES TO EXCEL...

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EDUCATION: THE INSTITUTE'S CURRICULUM INTEGRATES REAL-WORLD STRATEGIES AND RESOURCES TO DELIVER THE KNOWLEDGE AND EXPERTISE TODAY'S REAL ESTATE PROFESSIONALS NEED TO CREATE OPPORTUNITIES TO EXCEL. THE INSTITUTE'S COURSES PROVIDE THE TRAINING AND EDUCATION ITS MEMBERS NEED TO BE BETTER POSITIONED TO DEVELOP AND STREAMLINE OPERATING PRACTICES, MARKET AND POSITION THEIR BUSINESSES, UNDERSTAND AND KEEP COSTS IN CHECK, AND REPRESENT AND ADVOCATE ON BEHALF OF THEIR CLIENTS. REBI'S EDUCATION STRUCTURE ALLOWS ITS MEMBERS TO CUSTOMIZE THEIR EDUCATIONAL EXPERIENCE THROUGH INSTRUCTOR-LED CLASSROOM COURSES, ONLINE COURSES, AND LIVE VIRTUAL COURSES. REBI ALSO OFFERS A COURSE LICENSING PROGRAM WHICH PROVIDES AN OPPORTUNITY FOR REALTOR ASSOCIATIONS, FRANCHISES, CHAPTERS, AND OTHER COMPANIES TO DELIVER CRB, SRS, C-RETS, AND/OR RENE EDUCATION AND GENERATE REVENUE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,631,588
Investment Income $82,099
Other Revenue $0
TOTAL REVENUE $2,713,687

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,088,801
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,671,344
TOTAL EXPENSES $2,760,145

Year-over-Year Comparison

2024 2023 Change
Revenue $2,713,687 $2,741,016 0.0%
Expenses $2,760,145 $2,889,203 0.0%
Net Income $-46,458 $-148,187 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
5
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$518,773
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Holly Mabery First Vice President 2.0
Officer Director
$0 $0 $0
Matthew Rathbun President-Elect 2.0
Officer Director
$0 $0 $0
Steven Pagan Immediate Past President 2.0
Officer Director
$0 $0 $0
Susan Miller President 4.0
Officer Director
$0 $0 $0
Job Hammond DIRECTOR (ending 11/30/24) 1.0
Director
$0 $0 $0
Lynn Madison DIRECTOR (ending 11/30/24) 1.0
Director
$0 $0 $0
Marki Lemons-Ryhal DIRECTOR (ending 11/30/24) 1.0
Director
$0 $0 $0
Michelle Rojas DIRECTOR (beginning 12/1/24) 1.0
Director
$0 $0 $0
Novelette Witt DIRECTOR (beginning 12/1/24) 1.0
Director
$0 $0 $0
Paul Rich DIRECTOR (ending 11/30/24) 1.0
Director
$0 $0 $0
Robert Morris DIRECTOR (beginning 12/1/24) 1.0
Director
$0 $0 $0
Rory Dubin DIRECTOR (ending 11/30/24) 1.0
Director
$0 $0 $0
Stephanie White DIRECTOR (beginning 12/1/24) 1.0
Director
$0 $0 $0
Zola Szerencses DIRECTOR (beginning 12/1/24) 1.0
Director
$0 $0 $0
VIRGINIA SHIPE CHIEF EXECUTIVE OFFICER 40.0
Officer
$451,611 $67,162 $518,773
Maria Cardenas Vice President, Professional Development 40.0
Highest
$148,892 $27,979 $176,871
TARA MARIC SVP-MEMBERSHIP & OPERATIONS 40.0
Highest
$155,095 $27,159 $182,254
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,713,687 $2,760,145 $1,367,219 $-46,458
2023 $2,741,016 $2,889,203 $1,459,676 $-148,187
2022 $2,664,616 $2,839,317 $1,675,874 $-174,701
2021 $2,477,968 $2,412,820 $1,841,299 $65,148
2020 $2,549,955 $2,404,924 $1,687,503 $145,031
2019 $2,229,646 $2,288,739 $1,571,872 $-59,093
2018 $2,010,971 $2,039,808 $1,427,551 $-28,837
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