Hawaii Association Of Realtors
- Assets
- $5.0m
- Revenue
- $3.0m
- Investments
- $1.0m
- Employees
- 14
- Location
- Honolulu, HI
- Founding
- 05/1976
- Data as of
- 12/2022
- EIN
- 23-7056154
Organization Overview
Hawaii Association Of Realtors is located in Honolulu, HI. The organization was established in 1976. 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 12/2022, Hawaii Association Of Realtors employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hawaii Association Of 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 12/2022, Hawaii Association Of Realtors generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 4.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF HAWAII ASSOCIATION OF REALTORS ("HAR") IS TO SERVE ITS MEMBERSHIP BY PROVIDING INNOVATIVE PROGRAMS AND SERVICES TO ENHANCE MEMBERS' ABILITY TO SUCCESSFULLY PRACTICE REAL ESTATE AND COLLECTIVELY PROMOTES REAL PROPERTY OWNERSHIP AND THE PRESERVATION OF REAL PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL OPPORTUNITIES PROVIDED TO ELEVATE AND MAINTAIN THE PROFESSIONAL STANDARDS OF PERSONS ENGAGED IN THE REAL ESTATE BUSINESS. PROVIDED REALTOR DESIGNATION COURSES THROUGH PARTNERSHIP WITH SPECIALTY INSTITUTES, AND LOCAL BOARDS FOR GRI AND STRATEGIES. FOR 2022, THE HAWAII REALTORS OFFERED 81 CLASSES FOR 2,399 STUDENTS, AND HELD A STATEWIDE CONFERENCE WITH 528 MEMBERS IN ATTENDANCE. IN ADDITION, THERE WAS A TOTAL OF 4 WEBINARS VIEWED BY APPROXIMATELY 554 MEMBERS.
THE HAWAII REALTORS GOVERNMENT AFFAIRS DIVISION IS RESPONSIBLE FOR PROTECTING, PROMOTING, AND ADVANCING THE PUBLIC POLICY INTERESTS AND OBJECTIVES OF REALTORS THROUGH POLITICAL ADVOCACY AND MEMBER PARTICIPATION IN LEGISLATIVE ACTIVITIES, SUCH AS MAINTAINING OPEN LINES OF COMMUNICATION BETWEEN STATE AND GOVERNMENT OFFICALS ON REAL ESTATE ISSUES, BUILDING RELATIONSHIPS WITH OTHER ORGANIZATIONS TO CREATE SUPPORT, AND WORKING DIRECTLY WITH MEMBERS TO DETERMINE WHAT ISSUES ARE OF CONCERN TO REAL ESTATE IN HAWAII. THE PRIMARY EFFORT OF THE HAWAII REALTORS' GOVERNMENT AFFAIRS IS AT THE STATE LEVEL, INCLUDING BUT NOT LIMITED TO THE LEGISLATURE, EXECUTIVE BRANCH AND STATE AGENCIES. HOWEVER, THE DIVISION MAY, FROM TIME TO TIME, BE INVOLVED WITH ISSUES AT THE FEDERAL LEVEL THROUGH THE NATIONAL ASSOCIATION OF REALTORS AND AT THE COUNTY LEVEL. IN 2022, THE GOVERNMENT AFFAIRS COMMITTEE FOCUSED THEIR EFFORTS ON INCREASING THE SUPPLY OF HOUSING IN HAWAII AND AFFORDABLE HOUSING. DURING THE SESSION, THEY TRACKED OVER 563 BILLS, TESTIFIED 97 TIMES, AND COMMITTED OVER 4,104 VOLUNTEER HOURS.
PROVIDE ELECTRONIC FORMS VIA ZIP FORMS ALONG WITH PROGRAM ENHANCEMENTS TO ALL MEMBERS AS A BENEFIT OF MEMBERSHIP WITH HAWAII REALTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Liberatore President | OfficerTrustee | 10 | $0 |
Kalama Kim President-Elect | OfficerTrustee | 10 | $0 |
Julie Meier First Vice President | OfficerTrustee | 10 | $0 |
Kasandra Shriver Secretary | OfficerTrustee | 5 | $0 |
Earl Mente Treasurer | OfficerTrustee | 5 | $0 |
Derek Lau Immed. Past President | OfficerTrustee | 5 | $0 |
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 | $2,952,089 |
| Investment income | $27,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,529 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,959,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,450 |
| 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. | $194,869 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,528 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,595 |
| Travel | $126,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,110 |
| Insurance | $0 |
| All other expenses | $302 |
| Total functional expenses | $2,715,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,577,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,041 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,331 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,007,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $341,605 |
| Total assets | $4,955,381 |
| Accounts payable and accrued expenses | $246,385 |
| Grants payable | $0 |
| Deferred revenue | $1,707,875 |
| 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 | $182,318 |
| Total liabilities | $2,136,578 |
| Net assets without donor restrictions | $2,789,877 |
| Net assets with donor restrictions | $28,926 |
| 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 | $4,955,381 |