Association of Commercial Real Estate
ACRE brings together commercial real estate brokers, owners, developers and affiliated professionals for business networking events, educational presentations and discussion of industry developments.
Association of Commercial Real Estate at a glance
In short: Association of Commercial Real Estate gave $10K across 1 grant in 2025 (avg $10K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $10,000
- -50.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $10,000
- -50.0% vs 2024
- Median grant
- $10,000
- Total assets
- $392,781
- +0.1% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Association of Commercial Real Estate funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Childrens Receiving Home ($10K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Association of Commercial Real Estate gives
- Giving fell 50% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2025) to $20K (2024). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Receiving Home Sacramento, CA | Donation | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $392,781 | $175,435 | $176,700 | $10,000 | 1 | $10,394 |
| 2024 | $392,441 | $162,678 | $194,041 | $20,000 | 1 | $11,408 |
| 2023 | $425,243 | $183,168 | $228,266 | $20,000 | 1 | $7,096 |
| 2022 | $468,573 | $219,812 | $206,622 | $20,000 | 1 | $476 |
| 2021 | $455,383 | $92,185 | $178,716 | $15,000 | 1 | $521 |
| 2020 | $541,914 | $219,865 | $153,324 | — | — | $2,296 |
| 2019 | $475,373 | $266,074 | $203,052 | $20,000 | 1 | $3,467 |
About Association of Commercial Real Estate
Based on IRS filings
Association of Commercial Real Estate is a public charity, based in Sacramento, CA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $393K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $10K.
Leadership & Key People
Officers and directors from IRS filings
Association of Commercial Real Estate is led by Bernardo Hubbard, President since 2025 (on filings since 2022); none of the 20 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bernardo Hubbard
President
Director → President, 2025
On filings since 2022
2 hrs/week
No compensation reported
Heidi Pyle
Executive Director
New on the 2025 filing
10 hrs/week
No compensation reported
Danny Kapic
Director
Director at Large → Director of Affiliates, 2021
Director of Affiliates → Director, 2022
On filings since 2019
2 hrs/week
No compensation reported
David Creeggan
Director
President & CEO → President, 2024
President → Director, 2025
On filings since 2019
2 hrs/week
No compensation reported
Aaron Marchand
Director
President Elect → President, 2022
President → Director, 2023
On filings since 2020
2 hrs/week
No compensation reported
Nicole Sayers
Director
Director at Large → Director, 2022
On filings since 2021
2 hrs/week
No compensation reported
Cole Sweatt
Director
On filings since 2023
2 hrs/week
No compensation reported
Simon Sheppard
Director
On filings since 2023
2 hrs/week
No compensation reported
Jon Lang
Director
On filings since 2024
2 hrs/week
No compensation reported
Kristi Rolak
Director
On filings since 2024
2 hrs/week
No compensation reported
John Wharff
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Kellie Stroud
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Lindsay Edgerton
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Mike Smith
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Patrick Dobson
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Ronnie Sylvia
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Spencer Nielsen
Secretary
Director at Large → Director, 2022
Director → Secretary, 2025
On filings since 2020
2 hrs/week
No compensation reported
Kim Follett
Past President
Director → President Elect, 2024
President Elect → Past President, 2025
On filings since 2021
2 hrs/week
No compensation reported
Jen Matulich
Treasurer
On filings since 2022
2 hrs/week
No compensation reported
Nellie Cruz
Vice President
Director → Vice President, 2025
On filings since 2023
2 hrs/week
No compensation reported
Former officers (20)
- Former: Bryan McKrell (2021–2024) — Director
- Former: Jeff Kvarme (2021–2024) — Director
- Former: Joey Speyer (2024) — Secretary
- Former: Kindra Mertens (2024) — Director
- Former: Matt Sarro (2024) — Director
- Former: Ken Follett (2023) — Vice President
- Former: Bill Angove (2019–2022) — Director
- Former: Lindsey Fudge (2020–2022) — Secretary
- Former: Kevin Sheehan (2021–2022) — Director
- Former: Alexis Garrett (2019–2021) — Immediate Past President
- Former: Ryan Demar (2019–2021) — Director at Large
- Former: Ali Nadimi (2019–2020) — Director at Large
- Former: Haven Fry (2019–2020) — Director at Large
- Former: Matt Ardaiz (2019–2020) — Director at Large
- Former: Stacia Wikland (2019–2020) — Director at Large
- Former: Jason Klier (2020) — Director at Large
- Former: Amy Lerseth (2019) — Director at Large
- Former: Bruce Hohenhaus (2019) — Secretary & Treasurer
- Former: Heather Hess (2019) — Director at Large
- Former: Ken Turton (2019) — Vice President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Association of Commercial Real Estate
How much does Association of Commercial Real Estate give each year?
Association of Commercial Real Estate gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $20K across 1 grant.
How large is Association of Commercial Real Estate?
Association of Commercial Real Estate reported $393K in total assets on its 2025 IRS Form 990. Its revenue that year was $175K.
Where does Association of Commercial Real Estate operate?
Association of Commercial Real Estate has awarded grants in California.
What is Association of Commercial Real Estate's EIN?
Association of Commercial Real Estate's EIN (Employer Identification Number) is 94-2991321. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS February 19, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Association of Commercial Real Estate's focus areas in our free grants database
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Figures come from Association of Commercial Real Estate's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Association of Commercial Real Estate down — hundreds of funders to go?