New Jersey Association Of Realtors
- Assets
- $35.3m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Trenton, NJ
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 22-1151210
Organization Overview
New Jersey Association Of Realtors, operating under the name New Jersey Realtors, is located in Trenton, NJ. The organization was established in 1942. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Jersey Realtors employed 22 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. New Jersey Realtors 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, New Jersey Realtors generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 3.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES SERVICES THAT EXPAND MEMBERS' GROWTH AND SUCCESS; ADVOCACY- PROTECTING MEMBERS' LIVELIHOOD AND PROPERTY RIGHTS; PROFESSIONAL DEVELOPMENT AND TRAINING; RECOGNITION OF OUTSTANDING ACHIEVEMENT; PROFESSIONAL STANDARDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarrod Grasso Chief Executive Officer | Officer | 35 | $398,863 |
Martha Chanese Chief Operating Officer | Officer | 35 | $250,500 |
Douglas Tomson Vice President Of Government | 35 | $189,799 | |
Maureen Murphy Vice President Of Professional Development | 35 | $175,946 | |
William Thompson Director Of Technology | 35 | $131,127 | |
Colleen Oliver Njr Public Relations | 35 | $131,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenbaum Rowe Smith And Davis Llp Legal Services | 12/30/21 | $333,241 |
Goodway Group Inc Digital Marketing | 12/30/21 | $288,740 |
Lone Wolf Real Estae Technologies Inc Technology Services | 12/30/21 | $252,739 |
Mosaic Printing & Mailing Services | 12/30/21 | $174,660 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,510,062 |
| Investment income | $12,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,547,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,528 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $6,718 |
| Other salaries and wages | $1,556,076 |
| Pension plan accruals and contributions | $193,563 |
| Other employee benefits | $210,839 |
| Payroll taxes | $274,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $258,075 |
| Fees for services: Accounting | $28,850 |
| Fees for services: Lobbying | $131,559 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $326,715 |
| Office expenses | $110,535 |
| Information technology | $83,112 |
| Royalties | $0 |
| Occupancy | $180,722 |
| Travel | $392,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $665,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $432,451 |
| Insurance | $79,489 |
| All other expenses | $291,397 |
| Total functional expenses | $7,120,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,917,553 |
| Savings and temporary cash investments | $24,161,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $323,035 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,548 |
| Net Land, buildings, and equipment | $8,796,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,262,029 |
| Accounts payable and accrued expenses | $1,351,423 |
| Grants payable | $0 |
| Deferred revenue | $3,230,005 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,581,428 |
| Net assets without donor restrictions | $30,680,601 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,262,029 |
Grants Awarded
Over the last fiscal year, New Jersey Association Of Realtors has awarded $69,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: REBUILD COMMUNITIES AFFECTED BY DISASTERS | $15,000 |
Chicago, IL PURPOSE: REBUILD COMMUNITIES AFFECTED BY DISASTERS | $15,000 |
Trenton, NJ PURPOSE: CAPITAL LOAN POOL | $10,000 |
Trenton, NJ PURPOSE: CAPITAL LOAN POOL | $10,000 |
Trenton, NJ PURPOSE: 2020 SCHOLARSHIP FUNDING | $9,500 |
Trenton, NJ PURPOSE: 2020 SCHOLARSHIP FUNDING | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Real Estate Board Of New York Inc New York, NY | $13,608,943 | $14,285,773 |
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
United States Council For International Business New York, NY | $8,377,861 | $9,810,410 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Long Island Board Of Realtors Inc West Babylon, NY | $32,824,680 | $7,922,994 |
German American Chamber Of Commerce Inc New York, NY | $3,820,432 | $6,890,973 |
Buffalo Niagara Convention & Vistors Bureau Inc Buffalo, NY | $3,394,435 | $6,164,269 |
Lake Placid Chamber Of Commerce Inc Lake Placid, NY | $4,857,333 | $6,938,582 |
Independent Drivers Guild Inc Long Island City, NY | $5,104,857 | $7,835,962 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
World Trade Centers Association Inc New York, NY | $23,293,174 | $7,185,978 |