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Filing year 2024

FOUNDATION FOR INNOVATION IN REAL ESTATE

Chicago, Illinois·EIN 86-1654217·NTEE B90 · Education·3
Total revenue
$211k
Total assets
$5.5M
Total expenses
$333k
Reported officers
5
Mission

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 · Schedule J · 1 reported individual · Filing year 2024

Base salaryExecutive compensation
$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.

Browse compensation in Education

Up 67%
from 2023

From $58k in 2023 to $98k in 2024.

$58k
2023
$98k
2024
In today's dollarsEst.
Up 62% in real terms$64k to $104k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FOUNDATION FOR INNOVATION IN REAL ESTATE reported revenue and expenses across 3 filing years.

RevenueExpenses
$23k
$323k
2022
$192k
$197k
2023
$211k
$333k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Illinois

Comparable education organizations in Illinois pay their highest-earning executive a median of $78,409.

25th percentile
$28k
Median
$78,409
75th percentile
$173k
90th percentile
$307k

These are education sector-wide figures, not this organization's reported pay. Based on 877 organizations across 877 filings (2021 – 2024).

See full Education pay data for Illinois
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