Columbus Association Of Realtors
- Assets
- $10.1m
- Revenue
- $3.4m
- Investments
- $2.8m
- Employees
- 24
- Location
- Columbus, OH
- Founding
- 05/1951
- Data as of
- 12/2023
- EIN
- 31-4154020
Organization Overview
Columbus Association Of Realtors is located in Columbus, OH. The organization was established in 1951. 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 12/2023, Columbus Association Of Realtors employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus 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 12/2023, Columbus Association Of Realtors generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Columbus Association Of Realtors has awarded 25 individual grants totaling $529,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT/EDUCATION - A FULL SERVICE ASSOCIATION, THE COLUMBUS ASSOCIATION OF REALTORS OFFERS REALTORS A WIDE VARIETY OF CONTINUING EDUCATION COURSES, BOTH RESIDENTIAL AND COMMERCIAL, COMPUTER TRAINING CLASSES ON TOPICS INCLUDING THE MLS SOFTWARE, COLUMBUS ASSOCIATION OF REALTORS FLEX/MLS, AS WELL AS SEMINARS, LECTURES AND ROUNDTABLE PROGRAMS.
COMMITTEES & EVENTS - REALTORS ARE INVITED TO PARTICIPATE IN THE MORE THAN 30 COMMITTEES AT THE ASSOCIATION OR ONE OF THE MANY SPECIAL PROGRAMS PRODUCED BY THE COLUMBUS ASSOCIATION OF REALTORS, SUCH AS FORECAST NIGHT (JANUARY), AWARDS NIGHT (APRIL), OR THE COLUMBUS ASSOCIATION OF REALTORS PRESIDENT'S BALL (DECEMBER).
SUPPORT SERVICES & BENEFITS - PROVIDE ACCESS TO PROGRAMS AND SERVICES REAL ESTATE PROFESSIONALS NEED TO SUCCEED AND TO RECOGNIZE CENTRAL OHIO REAL ESTATE PROFESSIONALS FOR A NUMBER OF NOTEWORTHY ACTIVITIES INCLUDING INDUSTRY AS WELL AS COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti-Brown Wright Immediate Past President | OfficerTrustee | 15 | $0 |
Scott Hrabcak President | OfficerTrustee | 25 | $0 |
Buffie Patterson President Elect | OfficerTrustee | 15 | $0 |
Sue Berg Director | Trustee | 4 | $0 |
Gloria Cannon Treasurer | Trustee | 15 | $0 |
Elton Davis Jr Director | Trustee | 4 | $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 | $9,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,497 |
| Total Program Service Revenue | $2,874,524 |
| Investment income | $126,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $62,987 |
| Net Rental Income | -$4,923 |
| Net Gain/Loss on Asset Sales | -$15,760 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $31,230 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,370,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,000 |
| 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. | $128,829 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $874,319 |
| Pension plan accruals and contributions | $35,046 |
| Other employee benefits | $217,053 |
| Payroll taxes | $79,847 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,198 |
| Fees for services: Accounting | $37,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,249 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $103,556 |
| Information technology | $64,996 |
| Royalties | $0 |
| Occupancy | $167,535 |
| Travel | $49,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $291,840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,584 |
| Insurance | $4,738 |
| All other expenses | $167,033 |
| Total functional expenses | $2,932,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,200 |
| Savings and temporary cash investments | $2,894,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,233 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,872 |
| Prepaid expenses and deferred charges | $138,487 |
| Net Land, buildings, and equipment | $1,429,494 |
| Investments—publicly traded securities | $2,726,778 |
| Investments—other securities | $2,833,649 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,080,357 |
| Accounts payable and accrued expenses | $156,588 |
| Grants payable | $0 |
| Deferred revenue | $1,563,345 |
| 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 | $1,719,933 |
| Net assets without donor restrictions | $8,358,448 |
| Net assets with donor restrictions | $1,976 |
| 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 | $10,080,357 |
Grants Awarded
Over the last fiscal year, Columbus Association Of Realtors has awarded $63,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS REALTOR FOUNDATION PURPOSE: CHARITABLE COMMUNITY IMPROVEMENTS | $15,000 |
ONE COLUMBUS PURPOSE: BRINGING BUSINESS TO THE COLUMBUS REGION | $20,000 |
HOMEPORT PURPOSE: PROVIDE AFFORDABLE HOMES AND STRONG COMMUNITIES | $28,000 |