Institute of Real Estate Management Foundation
To shape the real estate management industry by investing in people and practices that advance the quality of real estate impacting daily life.
Key facts about Institute of Real Estate Management Foundation
In short: Institute of Real Estate Management Foundation gave $115K across 5 grants in 2025 (avg $23K), mostly in Illinois. Source: 2025 IRS Form 990.
- EIN
- 36-2924251
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $115,360
- Grants made (2025)
- 5
- Average grant
- $23,072
- Median grant
- $10,000
- Total assets
- $1,940,015
- Primary geography
- Illinois (67% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.9M
-4.0% YoY
Annual Giving
$115K
+127.1% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$23K
-9.2% YoY
How Institute of Real Estate Management Foundation gives
- Giving grew 70% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Institute of Real Estate Management Foundation
Based on IRS filings
Institute of Real Estate Management Foundation is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 5 grants totaling $115K. Net investment income was $137K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $51K (2024) to $164K (2021). In 2025 it made 5 grants totaling $115K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Institute of Real Estate Management ($78K). Together the top 5 received $115K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 11 grants of 16 (69%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Institute of Real Estate Management Chicago, IL | Academic Outreach &Real Estate Programs | $77,620 |
| Ecorise Youth Innovations Austin, TX | Research Grant Awards | $10,000 |
| Subsidysync Inc Atlanta, GA | Research Grant Awards | $10,000 |
| Virginia Polytechnic Institute and State University Blacksburg, VA | Research Grant Awards | $10,000 |
| University of Wisconsin-Stout Menomonie, WI | Academic Outreach &Real Estate Programs | $7,740 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,940,015 | $2,020,351 | $2,138,328 |
| Revenue | $844,008 | $820,670 | $876,934 |
| Expenses | $1,003,682 | $998,020 | $939,552 |
| Net Investment Income | $136,742 | $64,381 | $69,028 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 23, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 26, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 26, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Institute of Real Estate Management Foundation is led by Christopher Mellen Cpm Arm, Irem Foundation President since 2025 (on filings since 2020); none of the 23 officers listed in 2025 report compensation.
Officers on the 2025 filing
Christopher Mellen Cpm Arm
Irem Foundation President
Director → Vice President, 2024
Vice President → Irem Foundation President, 2025
On filings since 2020
1 hr/week
No compensation reported
Marie Bernadette Patton
Executive Director
On filings since 2024
1 hr/week
No compensation reported
Zachariah Wahlquist
Executive Director
New on the 2025 filing
1 hr/week
No compensation reported
Christine Lacy Cpm
Director
On filings since 2023
1 hr/week
No compensation reported
Erin A. Hopkins PhD
Director
On filings since 2023
1 hr/week
No compensation reported
James Helsel Cpm
Director
On filings since 2023
1 hr/week
No compensation reported
Lynne Miller Cpm
Director
On filings since 2023
1 hr/week
No compensation reported
Neil Cadman Cpm
Director
On filings since 2023
1 hr/week
No compensation reported
Sheryl Green Cpm
Director
On filings since 2023
1 hr/week
No compensation reported
Laura Le Harvey Cpm
Director
On filings since 2024
1 hr/week
No compensation reported
Philip Schneidau Cpm
Director
On filings since 2024
1 hr/week
No compensation reported
Tine Helton Cpm Acom
Director
On filings since 2024
1 hr/week
No compensation reported
Caitlin Lee Cpm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Donald Wilkerson Cpm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kurstie Butcher Cpm Arm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Lillie Norton Cpm Acom
Director
New on the 2025 filing
1 hr/week
No compensation reported
Patty Nooney Cpm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Rita Khan Cpm Acom Arm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Timothy Kramer Cpm Arm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tony Susi Cpm
Director
New on the 2025 filing
1 hr/week
No compensation reported
Cher Zucker-Maltese Cpm
Foundation Secretary & Treasurer
Director → Foundation Secretary & Treasurer, 2025
On filings since 2020
1 hr/week
No compensation reported
Dee Headley Cpm
Past President
Vice President → President, 2024
President → Past President, 2025
On filings since 2020
1 hr/week
No compensation reported
Eileen Wirth Cpm
Foundation Vice President
Director → Secretary & Treasurer, 2024
Secretary & Treasurer → Foundation Vice President, 2025
On filings since 2020
1 hr/week
No compensation reported
Former officers (39)
- Former: Walter Chip Crumpler Jr Cpm (2020–2024) — Past President
- Former: Cheryl Gray Cpm (2022–2024) — Director
- Former: Linda Caradine-Poinsett (2022–2024) — Executive Director
- Former: Michael B Simmons CPM (2022–2024) — Director
- Former: Rita Khan Cpm (2022–2024) — Director
- Former: Anthony Susi Cpm (2024) — Director
- Former: Kurstie Butcher Cpm (2024) — Director
- Former: Mindy Gronbeck Cpm (2024) — Irem Representative
- Former: Patricia Nooney Cpm (2024) — Director
- Former: Ann Reisch Cpm (2020–2023) — Director
- Former: Frederick Prassas Cpm (2020–2023) — Director
- Former: Jo D. Miller (2020–2023) — Director
- Former: Karen Pharr Cpm (2020–2023) — Past President
- Former: Anshu Bera Cpm (2021–2023) — Director
- Former: Byrdy Kelley Cpm (2023) — Director
- Former: Chip Crumpler Cpm (2023) — President
- Former: Chris Mellen Cpm (2023) — Secretary & Treasurer
- Former: Dawn Carpenter Cpm (2023) — Irem Representative
- Former: Kaci Hancock Cpm (2023) — Director
- Former: Jonathan Tucker CPM (2020–2022) — Director
- Former: Julie Scott Cpm (2020–2022) — Past President
- Former: Malcolm Bates CPM (2020–2022) — Director
- Former: Shawn Harvey CPM (2020–2022) — Director
- Former: Terrell Edwards CPM (2020–2022) — Director
- Former: Benjamin Forsyth CPM (2021–2022) — Director
- Former: Byrdy Kelley CPM ARM (2021–2022) — Director
- Former: Kaci Hancock CPM ACOM (2021–2022) — Director
- Former: Elizabeth Ann Ekre CPM (2022) — Director
- Former: Christopher Migala (2020–2021) — Assistant Treasurer
- Former: Clark Lindstrom Cpm (2020–2021) — Ex-Officio Director
- Former: Deborah Westphal CPM ARM (2020–2021) — Director
- Former: Denise Leduc-Froemming (2020–2021) — Executive Director
- Former: Regina Mullins CPM (2020–2021) — Director
- Former: Renee Savage CPM (2021) — Ex-Officio Director
- Former: Barry Blanton CPM (2020) — Ex-Officio Director
- Former: Ben Forsyth CPM (2020) — Director
- Former: Randall Woodbury CPM (2020) — Director
- Former: Rebecca O'Brien (2020) — Foundation Director
- Former: Vera McPherson CPM ARM (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Institute of Real Estate Management Foundation
How much does Institute of Real Estate Management Foundation give each year?
Institute of Real Estate Management Foundation gave $115K across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $51K across 2 grants.
What is Institute of Real Estate Management Foundation's typical grant size?
Institute of Real Estate Management Foundation's median grant in 2025 was $10,000, and its average grant was $23,072, across 5 grants on its 2025 IRS Form 990.
Where does Institute of Real Estate Management Foundation give grants?
Institute of Real Estate Management Foundation gives mostly in Illinois: 67% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Texas (9%) and Georgia (9%).
Does Institute of Real Estate Management Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Institute of Real Estate Management Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Research Grant Awards" (3 grants).
Who are Institute of Real Estate Management Foundation's largest grantees?
Institute of Real Estate Management Foundation's largest 2025 grantees include Institute of Real Estate Management ($77,620), Ecorise Youth Innovations ($10,000) and Subsidysync Inc ($10,000), according to its 2025 IRS Form 990. Together they received 85% of its itemized 2025 grant dollars.
How large is Institute of Real Estate Management Foundation?
Institute of Real Estate Management Foundation reported $1.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $844K.
What is Institute of Real Estate Management Foundation?
Institute of Real Estate Management Foundation is a public charity focused on Community Improvement & Capacity Building, based in Chicago, IL. It holds $1.9M in total assets as of 2025.
What is Institute of Real Estate Management Foundation's EIN?
Institute of Real Estate Management Foundation's EIN (Employer Identification Number) is 36-2924251. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
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