Association Of Real Estate License Law Officials

Organization Overview

Association Of Real Estate License Law Officials is located in Fishers, IN. The organization was established in 1966. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Association Of Real Estate License Law Officials employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Real Estate License Law Officials 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 06/2022, Association Of Real Estate License Law Officials generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 7.7% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT JURISDICTIONS IN THE ADMINISTRATION AND ENFORCEMENT OF REAL ESTATE LICENSE LAWS TO PROMOTE AND PROTECT THE PUBLIC INTEREST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONFERENCES AND SEMINARS- MEMBERS WERE BROUGHT TOGETHER TO DISCUSS REAL ESTATE LICENSING LAWS.


DISTANCE EDUCATION CERTIFICATION PROGRAM- CERTIFIES INSTRUCTIONAL DESIGN AND DELIVERY OF COURSES TAUGHT TO REAL ESTATE LICENSEES VIA TECHNOLOGY.


INTERNATIONAL DISTANCE EDUCATION CERTIFICATION CENTER- CERTIFIES INSTRUCTIONAL DESIGN AND DELIVERY OF COURSES TAUGHT VIA TECHNOLOGY.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Rhoad
Ceo/ Secretary
$161,798
Michell Bird
President
$0
Erik Wisner
President-Elect
$0
Brad Chisholm
Treasurer
$0
Marcia Franks
Immediate Past President
$0
Edward Downs
District 1 Vice President
$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$2,131,809
Investment income $160,564
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$27,127
Net Gain/Loss on Asset Sales $79,897
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,345,143

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