FOUNDATION FOR INNOVATION IN REAL ESTATE IS A CHARITABLE AND EDUCATIONAL ORGANIZATION CREATED TO INTRODUCE, EMPOWER, AND ADVANCE UNDERREPRESENTED CANDIDATES IN THE REAL ESTATE TECHNOLOGY INDUSTRY ("PROPTECH") THROUGH ITS SUPPORT AND (CONTINUED ON SCHEDULE O) OPPORTUNITIES. THE FOUNDATION ACCOMPLISHES ITS CHARITABLE GOALS PRIMARILY BY PAYING FOR THE COST OF ATTENDANCE AT VARIOUS INDUSTRY SEMINARS AND EVENTS FOR UNDERREPRESENTED PERSONS WHO WISH TO PARTICIPATE.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Illinois.
| Position | Total |
|---|---|
President 25th percentile to median | $98k $104k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 4 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at FOUNDATION FOR INNOVATION IN REAL ESTATE equaled 29% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 67%
from 2023
From $58k in 2023 to $98k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 67% from 2023 to 2024, while revenue rose 10%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about FOUNDATION FOR INNOVATION IN REAL ESTATE
What does the Chief Executive Officer of FOUNDATION FOR INNOVATION IN REAL ESTATE earn?
In 2024, the Chief Executive Officer of FOUNDATION FOR INNOVATION IN REAL ESTATE received $97,500 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FOUNDATION FOR INNOVATION IN REAL ESTATE compare with similar nonprofits?
Compared with the same role at Education organizations in Illinois, the 2024 pay of the Chief Executive Officer at FOUNDATION FOR INNOVATION IN REAL ESTATE falls between the 25th percentile and the median. In 2024, the highest total compensation at FOUNDATION FOR INNOVATION IN REAL ESTATE equaled 29% of the organization's total expenses. The median for education organizations is 7%.
What are FOUNDATION FOR INNOVATION IN REAL ESTATE's revenue and expenses?
In 2024, FOUNDATION FOR INNOVATION IN REAL ESTATE reported $211k in total revenue and $333k in total expenses on its IRS Form 990.
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