Massachusetts Association Of Realtors Inc

Organization Overview

Massachusetts Association Of Realtors Inc is located in Foxborough, MA. The organization was established in 1969. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Massachusetts Association Of Realtors Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Association Of Realtors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Massachusetts Association Of Realtors Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE INFORMATION AND EDUCATION SERVICES TO MEMBERS. PERFORM SERVICES FOR MEMBERS IN CONCERT WITH LOCAL AND NATIONAL ASSOCIATIONS OF REALTORS INCLUDING THE PROMOTION OF PROGRAMS DESIGNED TO ENHANCE THE REALTORS' ABILITY TO CONDUCT THEIR BUSINESS. PROGRAMS FOCUS ON LEADERSHIP, COMMUNICATIONS, EDUCATION, GOVERNMENT AFFAIRS, CONVENTIONS AND MEETINGS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE NUMEROUS PROGRAMS AND SERVICES DESIGNED TO PROMOTE THE BUSINESS INTEREST AND CAREER GOALS OF REAL ESTATE PRACTITIONERS. THE EDUCATIONAL PROGRAMS, PUBLICATIONS AND ONLINE NEWS SERVICES PROVIDED TO ITS APPROXIMATELY 28,139 MEMBERS OFFER REAL ESTATE LICENSEES THE OPPORTUNITY TO LEARN NEW, CUTTING EDGE BUSINESS SKILLS. IN ADDITION, GOVERNMENT AFFAIRS EFFORTS WORK TO PROMOTE THE PRESERVATION AND EXTENSION OF REAL PROPERTY RIGHTS AND THE VIEWS OF ITS MEMBERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$7,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,000
Total Program Service Revenue$4,498,003
Investment income $363,344
Tax Exempt Bond Proceeds $0
Royalties $220,483
Net Rental Income $11
Net Gain/Loss on Asset Sales $146,458
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $2,457
Miscellaneous Revenue$0
Total Revenue $5,237,756

Grants Awarded

Over the last fiscal year, Massachusetts Association Of Realtors Inc has awarded $90,000 in support to 2 organizations.

Grant RecipientAmount

RRF - REALTOR RELIEF FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: CHARITABLE

$75,000

MASS ASSOCIATION OF REALTORS INC CHARITABLE FOUNDATION

Org PageRecipient Profile

Foxborough, MA

PURPOSE: CHARITABLE

$15,000
View Grant Profile

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