SOCIETY OF INDUSTRIAL AND OFFICE REALTORS

EIN: 530184820 Community Improvement

WASHINGTON, DC

Total Revenue
$8,167,089
Total Expenses
$9,289,573
Total Assets
$12,997,841
Net Assets
$9,893,275
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
IL
Principal Officer
ROBERT THORNBURGH
Phone
3123298200
Tax Period
2023-01-01 to 2023-12-31

SOCIETY OF INDUSTRIAL AND OFFICE REALTORS, founded in 1941, is a community nonprofit in the Community Improvement sector that reported $8.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $9.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE SOCIETY OF INDUSTRIAL AND OFFICE REALTORS (SIOR) OF THE NATIONAL ASSOCIATION OF REALTORS IS A PROFESSIONAL ASSOCIATION WHICH MAINTAINS A DESIGNATED CERTIFYING EXPERTISE IN INDUSTRIAL AND OFFICE REAL ESTATE BROKERAGE. THE ORGANIZATION PROVIDES (CONTINUED ON SCHEDULE O) EDUCATION AT ITS TWO ANNUAL CONFERENCES AND PROVIDES A CODE OF ETHICS TO WHICH ITS MEMBERS SUBSCRIBE. SIOR HAS OVER 3,900 MEMBERS ALONG WITH A PRESENCE IN 45 COUNTRIES.

Program Service Accomplishments

Program 1

SIOR'S TWO SEMI-ANNUAL CONFERENCES PROVIDE ATTENDEES WITH OUTSTANDING EDUCATIONAL PROGRAMMING AND VALUABLE NETWORKING OPPORTUNITIES. EDUCATIONAL SESSION INSTRUCTORS COMMUNICATE CURRENT MARKET DATA...

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SIOR'S TWO SEMI-ANNUAL CONFERENCES PROVIDE ATTENDEES WITH OUTSTANDING EDUCATIONAL PROGRAMMING AND VALUABLE NETWORKING OPPORTUNITIES. EDUCATIONAL SESSION INSTRUCTORS COMMUNICATE CURRENT MARKET DATA AND CUTTING-EDGE INDUSTRY PRACTICES ENABLING SIOR MEMBERS TO REMAIN LEADERS IN COMMERCIAL REAL ESTATE.

Program 2

SIOR IDENTIFIES AND CERTIFIES FULLY QUALIFIED EXPERTS IN INDUSTRIAL AND OFFICE REAL ESTATE WITH THE SIOR DESIGNATION. TO QUALIFY FOR THE SIOR DESIGNATION, INDIVIDUALS MUST MEET SPECIFIED EDUCATIONAL...

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SIOR IDENTIFIES AND CERTIFIES FULLY QUALIFIED EXPERTS IN INDUSTRIAL AND OFFICE REAL ESTATE WITH THE SIOR DESIGNATION. TO QUALIFY FOR THE SIOR DESIGNATION, INDIVIDUALS MUST MEET SPECIFIED EDUCATIONAL AND VOLUME-OF BUSINESS REQUIREMENTS, AND ADHERE TO A STRICT CODE OF ETHICAL STANDARDS IN ACCORDANCE WITH SIOR'S CODE OF ETHICAL PRINCIPLES AND STANDARDS OF PROFESSIONAL PRACTICE.

Program 3

PRODUCTION OF PROFESSIONAL REPORT, THE OFFICIAL QUARTERLY MAGAZINE OF SIOR. THE MAGAZINE PROVIDES EDUCATIONAL ARTICLES, INDUSTRY TRENDS, AND MEMBER NEWS FOR DISSEMINATION TO SIOR MEMBERS AND THE...

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PRODUCTION OF PROFESSIONAL REPORT, THE OFFICIAL QUARTERLY MAGAZINE OF SIOR. THE MAGAZINE PROVIDES EDUCATIONAL ARTICLES, INDUSTRY TRENDS, AND MEMBER NEWS FOR DISSEMINATION TO SIOR MEMBERS AND THE BROADER COMMERCIAL REAL ESTATE COMMUNITY. ALSO, SIOR PROVIDES A "MEMBER FIND A MEMBER" SERVICE VIA THEIR WEBSITE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,818,522
Investment Income $322,024
Other Revenue $26,543
TOTAL REVENUE $8,167,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,323,581
Fundraising Expenses $0
Other Expenses $5,965,992
TOTAL EXPENSES $9,289,573

Year-over-Year Comparison

2023 2022 Change
Revenue $8,167,089 $8,723,880 -0.1%
Expenses $9,289,573 $8,205,769 +0.1%
Net Income $-1,122,484 $518,111 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
20
Volunteers
450

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
8
$1,553,562
Total Directors
19
$874,479
Key Employees
3
$634,839
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT THORNBURGH CEO 37.50
Officer Director
$817,503 $56,976 $874,479
DAVID LOCKWOOD PRESIDENT (BEG 10/2023) 1.25
Officer Director
$0 $0 $0
MIKE OHMES PRESIDENT-ELECT (BEG 10/2023) 1.25
Officer Director
$0 $0 $0
PATRICIA LOVEALL PRES THRU 9/23) / IMM. PAST PRES (BEG 10/23) 1.25
Officer Director
$0 $0 $0
SAADIA SHEIKH VICE PRESIDENT 1.25
Officer Director
$0 $0 $0
CATHY JONES TREASURER 1.50
Officer Director
$0 $0 $0
JOHN ADAMS MEMBER - AT LARGE (THRU 9/2023) 0.50
Director
$0 $0 $0
AMY BROADHURST MEMBER - AT LARGE (BEG 10/2023) 0.50
Director
$0 $0 $0
PAUL DANKS MEMBER - AT LARGE 0.50
Director
$0 $0 $0
SETH EDENS MEMBER - AT LARGE (BEG 10/2023) 0.50
Director
$0 $0 $0
BRUCE HECHT MEMBER - AT LARGE 0.50
Director
$0 $0 $0
VANESSA HERZOG MEMBER - AT LARGE 0.50
Director
$0 $0 $0
DAMIAN RIVERA MEMBER - AT LARGE 0.50
Director
$0 $0 $0
PATRICK SENTNER IMM PAST PRES (THRU 9/23) / MEM-AT LARGE 0.50
Director
$0 $0 $0
TERRY SMITH MEMBER - AT LARGE (THRU 9/2023) 0.50
Director
$0 $0 $0
DAN SMOLENSKY MEMBER - AT LARGE 0.50
Director
$0 $0 $0
JR STEINBAUER MEMBER - AT LARGE (BEG 10/2023) 0.50
Director
$0 $0 $0
TABER THILL MEMBER - AT LARGE (THRU 9/2023) 0.50
Director
$0 $0 $0
LAURIE TYLENDA MEMBER - AT LARGE 0.50
Director
$0 $0 $0
BRANDON HENSLEY COO 37.50
Officer
$346,285 $48,216 $394,501
KARIN FENDRICH CFO 37.50
Officer
$243,557 $41,025 $284,582
KELLY MILLER VP, MEMBERSHIP 37.50
Key Emp
$188,115 $37,144 $225,259
ELIZABETH KOENST SENIOR VP, PROGRAMS 37.50
Key Emp
$172,537 $36,054 $208,591
JOHN MANGANIELLO SENIOR VP, BUSINESS DEVELOPMENT 37.50
Key Emp
$165,433 $35,556 $200,989
ALEXIS FERMANIS SENIOR DIR., MKTNG & COMMUNICATIONS 37.50
Highest
$157,128 $34,975 $192,103
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 No data No data No data No data
2023 $8,167,089 $9,289,573 $12,997,841 $-1,122,484
2022 $8,723,880 $8,205,769 $13,410,840 $518,111
2021 $6,676,147 $7,092,944 $15,857,088 $-416,797
2020 $5,476,527 $6,013,044 $13,343,449 $-536,517
2019 $7,108,999 $7,292,488 $12,843,494 $-183,489
2018 $7,107,732 $6,990,736 $11,338,873 $116,996
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