Delaware Association Of Realtors

Organization Overview

Delaware Association Of Realtors is located in Dover, DE. The organization was established in 1967. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Delaware Association Of Realtors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware 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, Delaware Association Of Realtors generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 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

TO PROVIDE ITS MEMBERS WITH EDUCATION, INFORMATION & SERVICES RELATING TO THE PROFESSION. THE DELAWARE ASSOCIATION OF REALTORS IN CONJUCTION WITH MEMBER BOARDS/ASSOCIATIONS AND THE NATIONAL ASSOCIATION OF REALTORS, SERVES AND SUPPORTS ITS MEMBERSHIP BY RECOGNIZING AND ADDRESSING ITS NEEDS AND CONCERNS BY DEVELOPING, PROVIDING AND PROMOTING PROGRAMS AND SERVICES WHICH WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE THREE LARGEST PROGRAM SERVICES BY EXPENSES INCLUDE LOBBYING, ANNUAL CONVENTION, AND EDUCATION. LOBBYING ALLOWS THE ASSOCIATION TO BE PROACTIVE IN GOVERNMENTAL AFFAIRS AT THE LOCAL, STATE, AND NATIONAL LEVELS OF GOVERNMENT TO PROTECT AN INDIVIDUAL'S RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY, AND TO ENSURE THAT ITS MEMBERSHIP IS ABLE TO PRACTICE REAL ESTATE BROKERAGE WITHOUT THE BURDEN OF UNFAIR AND RESTRICTIVE GOVERNMENTAL REGULATIONS. THE ANNUAL CONVENTION AND EDUCATIONAL SERVICES ALLOWS THE ASSOCIATION TO SUPPORT ITS MEMBERSHIP THROUGH CONTINUING EDUCATION THAT WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.


THE THREE LARGEST PROGRAM SERVICES BY EXPENSES INCLUDE LOBBYING, ANNUAL CONVENTION, AND EDUCATION. LOBBYING ALLOWS THE ASSOCIATION TO BE PROACTIVE IN GOVERNMENTAL AFFAIRS AT THE LOCAL, STATE, AND NATIONAL LEVELS OF GOVERNMENT TO PROTECT AN INDIVIDUAL'S RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY, AND TO ENSURE THAT IS MEMBERSHIP IS ABLE TO PRACTICE REAL ESTATE BROKERAGE WITHOUT THE BURDEN OF UNFAIR AND RESTRICTIVE GOVERNMENTAL REGULATIONS. THE ANNUAL CONVENTION AND EDUCATIONAL SERVICES ALLOWS THE ASSOCIATION TO SUPPORT ITS MEMBERSHIP THROUGH CONTINUING EDUCATION THAT WILL ASSIST ITS MEMBERS IN SERVING THEIR CLIENTS AND THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Wes Stefanick
Ceo/secretar
$125,000
Mia Burch
Director
$0
Scott Farnan
Vice Preside
$0
Jake Lipton
Treasurer
$0
Susan Giove
President
$0
Beau Zebley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$924,418
Fundraising events$0
Related organizations$0
Government grants $7,500
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$931,918
Total Program Service Revenue$192,712
Investment income $2,757
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,127,387

Grants Awarded

Over the last fiscal year, Delaware Association Of Realtors has awarded $28,000 in support to 2 organizations.

Grant RecipientAmount

REALTORS RELIEF FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: DISASTER RELIEF

$15,000

CENTRAL DE HABITAT FOR HUMANITY

PURPOSE: HOME BUILDING

$13,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Delaware Association Of Realtors has recieved totaling $99,632.

Awarding OrganizationAmount
National Association Of Realtors

Chicago, IL

PURPOSE: GENERAL SUPPORT

$99,632
View Grant Recipient Profile

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