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.
Key facts about Foundation for Innovation in Real Estate
- EIN
- 86-1654217
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $5,534,084
Data from IRS Form 990-PF, 2024; updated September 2026.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
-2.5% YoY
Revenue
$211K
+9.6% YoY
Net Investment Income
$193K
+0.6% YoY
Expenses
$333K
+69.0% YoY
About Foundation for Innovation in Real Estate
Based on IRS filings
Foundation for Innovation in Real Estate is a nonprofit organization focused on Education, based in Chicago, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.5M in total assets. Net investment income was $193K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,534,084 | $5,677,645 | $5,815,745 |
| Revenue | $210,651 | $192,142 | $22,644 |
| Expenses | $332,855 | $197,005 | $322,683 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $193,212 | $192,142 | $22,644 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dave Garland | Director | 1 | — |
| Tyler Thompson | Director | 1 | — |
| Ashley Stinton | Vice President | 1 | — |
| Johan Holmberg | Secretary and Treasurer | 1 | — |
| Matt Knight | President | 40 | $97,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Foundation for Innovation in Real Estate?
Foundation for Innovation in Real Estate is a nonprofit organization focused on Education, based in Chicago, IL. It holds $5.5M in total assets as of 2024.
How large is Foundation for Innovation in Real Estate?
As of 2024, Foundation for Innovation in Real Estate holds $5.5M in total assets with $211K in annual revenue.
Where does Foundation for Innovation in Real Estate operate?
Foundation for Innovation in Real Estate has awarded grants in California, District of Columbia, Illinois, Massachusetts, New Jersey.
What is Foundation for Innovation in Real Estate's EIN?
Foundation for Innovation in Real Estate's EIN (Employer Identification Number) is 86-1654217. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.