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Minnesota · Nonprofit

INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45

INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 (Minnesota) receives grants from 1 organization whose IRS filings report $1,631,705 to it, the largest being THE CALMENSON FOUNDATION ($1,631,705). 1 of them have funded it in more than one year.

Revenue FY2024
$220k
Funders on record
1
Grants received
$1.6M
Net assets
$123k
1/1 repeat fundersgrants exceed reported revenue in one year
01What it does

What Institute of Real Estate Management - Minnesota Chapter No 45 does

Mission

To educate real estate managers and certify the competence and professionalism of individuals and organizatons engaged in the management of real estate. Irem serves as an advocate on issues affecting the real estate management industry, enhancing and supporting its members' professional competence so they can better meet the needs of those who utilize their services.

As stated on its FY2024 Form 990.

Programs

  1. Luncheon and dinner meetings to promote interaction among members and to promote planning/scheduling of events and seminars for member education.

    $27,745 spent$31,830 earned by the program
    68% of program spending
  2. Education courses and seminars to educate members and promote a stronger and more knowledgeable real estate industry.

    $13,337 spent$17,338 earned by the program
    32% of program spending

The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $41,082.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($206k) Expenses 100 ($222k) Net assets 100 ($115k)2020 Revenue 80 ($165k) Expenses 77 ($171k) Net assets 95 ($109k)2021 Revenue 95 ($196k) Expenses 85 ($189k) Net assets 101 ($116k)2022 Revenue 95 ($195k) Expenses 90 ($199k) Net assets 97 ($112k)2023 Revenue 103 ($214k) Expenses 96 ($213k) Net assets 98 ($113k)2024 Revenue 106 ($220k) Expenses 94 ($210k) Net assets 107 ($123k)
201920202021202220232024
Revenue (106)Expenses (94)Net assets (107)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $149k to $176k (+18%).

$146k
$156k
$175k
$149k
$149k
$176k
201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

74% of INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).

This organization
Typical peer · 12,439 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 reported years ran a deficit.

−$16k
’19
−$6k
’20
$7k
’21
−$4k
’22
$1k
’23
$10k
’24
9.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

201920202021202220232024
Listed121212151517
Joined·+3+4+8+0+5
No longer listed·34503
03Who funds it

Who funds it, year by year

2021 → 2023: the base held at 1 funder, grant income fell $448k → $371k.

Funder
'21
'22
'23
'24*
total
funders
1
1
1
1

From the IRS filings of INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45's grant income comes from Minnesota funders.

MN

In-state vs out-of-state, by year

’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 is better cushioned than half of the 11,971 community improvement nonprofits its size.

Operating margin4% · below the median
Months of reserve9.7mo · above the median
Revenue growth (annualized)1% · below the median

this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024

Organizations like INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

17
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45?
INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 (Minnesota) receives grants from 1 organization whose IRS filings report $1,631,705 to it, the largest being THE CALMENSON FOUNDATION ($1,631,705). 1 of them have funded it in more than one year.
How many funders does INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 have?
IRS filings report 1 organization giving $1,631,705 in grants to INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45, 1 of which have funded it in more than one year.
Who is the largest funder of INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45?
THE CALMENSON FOUNDATION is the largest funder on record, with $1,631,705 in grants. The full list of funders is on this page.
How can an organization like INSTITUTE OF REAL ESTATE MANAGEMENT - MINNESOTA CHAPTER NO 45 find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Institute of Real Estate Management - Minnesota Chapter No 45 →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing