Society of Industrial and Office Realtors-Minnesota Dakotas Chapter

Nonprofit profile at a glance

EIN
270683839
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Minneapolis, MN, USA
Phone
9522243644
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$24,201
Expenses
$40,160
Assets
$55,262

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • GERRY NORTON (PRESIDENT)

People named in this filing

  • MIKE DOYLE (VICE PRESIDE)
  • SYDNEY JOHNSON (TREASURER)
  • TRACIE KRANZ (OPERATIONS D)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization provides educational and networking opportunities for its members and for the commercial real estate community that it serves. The organization serves as a conduit for information about programs and services as well as for the trends, techniques, and tehnologies that affect the profession. One of its primary functions is to provide scholarships for students interested in commercial real estate careers. Scholarships provided at 3,000 per recipient. Universities and colleges perform the application screening.

What it reported doing in 2024

The organization provides on-going education to members and training to officers in regards to obtaining and retaining members and identifying students eligible for scholarships/grants.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.7%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -65.9%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 1.38; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 0.4% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 4.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $37K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.