Iowa Association Of Realtors
- Assets
- $6.1m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 18
- Location
- West Des Moines, IA
- Founding
- 06/1954
- Data as of
- 12/2021
- EIN
- 42-0626937
Organization Overview
Iowa Association Of Realtors is located in West Des Moines, IA. The organization was established in 1954. 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, Iowa Association Of Realtors employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa 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 12/2021, Iowa Association Of Realtors generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 2.6% 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 UNITE REAL ESTATE LICENSEES OF THE STATE OF IOWA AND LOCAL BOARDS OF REALTORS (SEE SCHEDULE O).TO UNITE REAL ESTATE LICENSEES OF THE STATE OF IOWA AND LOCAL BOARDS OF REALTORS FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE AND THE PROFESSIONAL CONDUCT OF PERSONS ENGAGED THEREIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO EDUCATE MEMBERS TO IMPROVE THEIR PROFESSIONAL COMPETENCE AND TO ALLOW THE MEMBERS TO MEET STATE LICENSE REQUIREMENTS.
GOVERNMENTAL AFFAIRS - TO EDUCATE AND INFORM LAWMAKERS OF THE EFFECTS OF PENDING LEGISLATION AND TO DEFEND THE PROPERTY RIGHTS OF LANDOWNERS IN IOWA.
COMMUNICATION - TO UPDATE MEMBERS ON CURRENT DEVELOPMENTS IN THE REAL ESTATE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gavin Blair CEO | Officer | 40 | $195,052 |
Cindy Pelz Director Of Board Services | 40 | $108,940 | |
Krista Clark First Vice President | OfficerTrustee | 1 | $0 |
Scott Wendl Past President | OfficerTrustee | 0 | $0 |
Byron Menke President-Elect | OfficerTrustee | 1 | $0 |
Jen Burkamper President | OfficerTrustee | 2 | $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 | $70,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,732 |
| Total Program Service Revenue | $2,718,069 |
| Investment income | $40,682 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,764,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $223,902 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $923,309 |
| Pension plan accruals and contributions | $60,859 |
| Other employee benefits | $78,272 |
| Payroll taxes | $84,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,109 |
| Fees for services: Accounting | $76,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108,018 |
| Office expenses | $44,338 |
| Information technology | $86,771 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $252,479 |
| Interest | $59,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,252 |
| Insurance | $26,301 |
| All other expenses | $195,694 |
| Total functional expenses | $3,356,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $988,604 |
| Savings and temporary cash investments | $385,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,695 |
| 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 | $41,981 |
| Net Land, buildings, and equipment | $3,277,769 |
| Investments—publicly traded securities | $1,381,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,111,442 |
| Accounts payable and accrued expenses | $203,273 |
| Grants payable | $0 |
| Deferred revenue | $338,648 |
| 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 | $1,639,431 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,181,352 |
| Net assets without donor restrictions | $3,858,292 |
| Net assets with donor restrictions | $71,798 |
| 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 | $6,111,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Association Of Realtors has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $80,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benedictine Living Community Owatonna Minneapolis, MN | $16,154,920 | $11,439,984 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
Rochester Mn Convention & Visitors Bureau Rochester, MN | $3,813,150 | $6,781,864 |
Builders Association Of The Twin Cities Roseville, MN | $16,664,252 | $7,996,813 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
St Paul Area Board Of Realtors Inc Multiple Listing Service St Paul, MN | $14,704,848 | $6,091,315 |
Better Business Bureau Of Minnesota Inc Burnsville, MN | $5,220,297 | $4,952,353 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |