FORM 990 - ORGANIZATION'S MISSION |
THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. IT IS A MEMBERSHIP ORGANIZATION CREATED FOR AND BY LAND SALES EXPERTS, AND OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS, DEVELOP NETWORKING AND REFERRAL OPPORTUNITIES AND SERVE AS A VOICE IN WASHINGTON ON LAND-RELATED ISSUES. |
FORM 990, PAGE 1, PART I, LINE 6 |
VOLUNTEERS CONSIST OF THE BOARD, AND INDIVIDUALS WHO SERVE ON THE FOUR MAIN BOARD COMMITTEES. THESE GROUPS INCLUDE THE ALC DESIGNATION, EDUCATION, GOVERNMENT AFFAIRS AND FUTURE LEADERS COMMITTEES. |
FORM 990, PAGE 2, PART III, LINE 4D |
AS A 501C6 ORGANIZATION, PROGRAM EXPENSES ARE NOT REQUIRED TO BE ALLOCATED ON THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS. |
FORM 990, PART VI |
PART VI - QUESTION 6 THROUGH 7B RLI'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED IN PART VI LINE 6 OF THE 990 INSTRUCTIONS. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE QUESTIONS ON LINE 6 - 7B. |
FORM 990, PAGE 6, PART VI, LINE 9 |
MICHELE COHEN 100 E. WALTON, 29F CHICAGO, IL 60611 |
FORM 990, PAGE 6, PART VI, LINE 11B |
THE TAX RETURN IS REVIEWED BY THE OFFICERS BEFORE OR DURING THE RLI MAY 2017 BOARD MEETING. |
FORM 990, PAGE 6, PART VI, LINE 12C |
ON AN ANNUAL BASIS, THE DIRECTORS RECEIVE A QUESTIONNAIRE DESIGNED TO HELP IDENTIFY ANY CONFLICTS OF INTEREST ISSUES THAT MAY NEED TO BE ADDRESSED BY THE GOVERNING BODY. AS ADMINISTERED BY THE CHIEF EXECUTIVE OFFICER, EACH DIRECTOR WILL BE ASKED TO COMPLETE A CERTIFICATION OF AGREEMENT WITH THE RLI CONFLICT OF INTEREST POLICY AND DISCLOSURE OF ANY KNOWN CONFLICTS OF INTEREST UPON HIS OR HER ELECTION OR RE-ELECTION TO THE BOARD AND ANNUALLY THEREAFTER. EACH SENIOR STAFF MEMBER WILL BE ASKED TO COMPLETE SUCH A CERTIFICATION UPON HIS OR HER EMPLOYMENT AND ON AN ANNUAL BASIS THEREAFTER. ALL CERTIFICATIONS SHALL BE REVIEWED BY THE BOARD AS APPROPRIATE. WHENEVER ANY DIRECTOR HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST THAT COULD NEGATIVELY IMPACT THE OPERATIONS OF THE REALTORS LAND INSTITUTE, HE OR SHE SHALL NOTIFY THE BOARD CHAIR OF SUCH CONFLICT IN WRITING. WHENEVER ANY STAFF MEMBER (PAID OR VOLUNTEER) HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST THAT COULD NEGATIVELY IMPACT THE OPERATIONS OF THE REALTORS LAND INSTITUTE, HE OR SHE SHALL NOTIFY THE APPROPRIATE INDIVIDUAL, EITHER THE BOARD CHAIR OR THE CHIEF EXECUTIVE, OF SUCH CONFLICT IN WRITING. THE MINUTES OF THE MEETING OF THE BOARD OR ITS COMMITTEE SHALL REFLECT THAT CONFLICT OF INTEREST WAS DISCLOSED, THAT THE INTERESTED PERSON WAS NOT PRESENT DURING THE DISCUSSION OR DECISION ON THE MATTER, AND DID NOT VOTE. |
FORM 990, PAGE 6, PART VI, LINE 15A |
THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, PERFORMANCE EVALUATIONS AND OTHER INFORMATION APPROVED BY THE MAJORITY OF THE RLI (REALTORS LAND INSTITUTE) BOARD OF DIRECTORS. THE DECISION REGARDING THE FINAL DETERMINATION OF THE COMPENSATION PACKAGE OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS DOCUMENTED IN THE EMPLOYEE'S HUMAN RESOURCES FILES. ON A BI-ANNUAL BASIS, THE CHIEF EXECUTIVE OFFICER HAS A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE ANY CHANGES IN PAY (INCLUDING BONUSES, COST OF LIVING AND MERIT INCREASES). THE CHIEF EXECUTIVE OFFICER'S COMPENSATION FOR THE 2016 TAX YEAR WAS DETERMINED WHEN SHE WAS HIRED ON MARCH 10, 2016. |
FORM 990, PAGE 6, PART VI, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON A CASE BY CASE BASIS UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST AT ANY TIME. |
FORM 990, PART XI, LINE 9 |
OTHER INVESTMENT INCOME TIMING 18 NON-DIVIDEND DISTRIBUTION 2,445 TOTAL 2,463 |
FORM 990, PART XII |
FORM 990, PART XII, LINE 2C THE ORGANIZATION'S FINANCIAL STATEMENTS ARE ISSUED ON A CONSOLIDATED BASIS WITH THE NATIONAL ASSOCIATION OF REALTORS (NAR). NAR'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. |