Maryland Association Of Realtors Inc
- Assets
- $29.8m
- Revenue
- $7.2m
- Investments
- $4.1m
- Employees
- 27
- Location
- Annapolis, MD
- Founding
- 01/1957
- Data as of
- 10/2023
- EIN
- 52-0728385
Organization Overview
Maryland Association Of Realtors Inc is located in Annapolis, MD. The organization was established in 1957. 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 10/2023, Maryland Association Of Realtors Inc employed 27 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Maryland Association Of Realtors Inc 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 10/2023, Maryland Association Of Realtors Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.2m during the year ending 10/2023. While expenses have increased by 2.1% 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.
Since 2016, Maryland Association Of Realtors Inc has awarded 23 individual grants totaling $182,000. 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
THE MARYLAND ASSOCIATION OF REALTORS EXISTS TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP AND THEIR SPECIALTIES. CONTINUED ON SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEGAL DEPARTMENT PROVIDES LEGAL HOTLINE SERVICES TO MEMBERS, STAFFS THE STATEWIDE FORMS, COMMERCIAL AND REAL PROPERTY OPERATIONS COMMITTEES AND DELIVERS PROFESSIONAL STANDARDS TRAINING TO LOCAL BOARDS. THE LEGAL DEPARTMENT STAFF ALSO VISITS COMPANY OFFICES FOR INFORMAL MEETINGS TO PROVIDE UPDATES AND SUPPLIES INSTRUCTORS FOR CONTINUING EDUCATION CLASSES REQUIRED BY MARYLAND REAL ESTATE LICENSE LAW. THE EDUCATION DEPARTMENT ADMINISTERS AND MONITORS THE REALTOR INSTITUTE PROGRAM THROUGHOUT THE STATE, THE LEADERSHIP ACADEMY, AND ASSISTED MARS MEDIATION PROVIDER WITH EDUCATIONAL SUPPORT. THE EDUCATION DEPARTMENT CONTINUES TO PARTNER WITH THE ANNUAL CONFERENCE COMMITTEE TO PROVIDE AND TRACK EDUCATION PROGRAMS DURING MARS CONFERENCE AND WITH THE LEGAL DEPARTMENT TO ASSIST IN THE SCHEDULING AND MONITORING OF THE IN-HOUSE LOCAL PROFESSIONAL STANDARDS TRAINING SEMINARS, AND ASSISTS IN OTHER ACTIVITIES TO HELP SUPPORT EDUCATION INITIATIVES WITHIN MAR. THE COMMUNICATIONS AND MEMBER SERVICES DEPARTMENT PROVIDES FREE WEBINARS AND THE MAR REALTOR MAGAZINE TO MEMBERS CONTINUED SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Kasky Chief Executive Officer | Officer | 35 | $334,261 |
Kathleen Dartez Director Of Legal Services | 35 | $148,475 | |
Patricia D Schmitt VP Finance | 35 | $135,175 | |
Daniel Patrell Director Of Communications | 35 | $132,013 | |
Lisa May Director Of Advocacy And Legislative | 35 | $120,306 | |
Susan Yashinskie Director Of Pd And Me | 35 | $121,350 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hbp Inc Magazine Printing Postage | 10/30/23 | $286,759 |
Live Casino And Hotel Event Space | 10/30/23 | $339,918 |
Note Router Web Services | 10/30/23 | $107,260 |
Fontainebleu Resort Event Space | 10/30/23 | $191,068 |
Rifkin Weiner Livingston Llc Legal Services | 10/30/23 | $133,890 |
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 | $49,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,857 |
| Total Program Service Revenue | $6,887,217 |
| Investment income | $507,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,669 |
| Net Rental Income | -$358,094 |
| Net Gain/Loss on Asset Sales | $26,079 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,151,291 |
| 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. | $377,534 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,818,597 |
| Pension plan accruals and contributions | $77,538 |
| Other employee benefits | $861 |
| Payroll taxes | $154,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,499 |
| Fees for services: Other | $417,329 |
| Advertising and promotion | $0 |
| Office expenses | $245,861 |
| Information technology | $289,450 |
| Royalties | $0 |
| Occupancy | $85,585 |
| Travel | $23,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $698,644 |
| Interest | $3,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,107 |
| Insurance | $210,992 |
| All other expenses | $0 |
| Total functional expenses | $5,191,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,462,811 |
| Savings and temporary cash investments | $6,730,385 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,788 |
| 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 | $211,913 |
| Net Land, buildings, and equipment | $11,826,225 |
| Investments—publicly traded securities | $5,318,288 |
| Investments—other securities | $4,107,905 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,786 |
| Total assets | $29,826,101 |
| Accounts payable and accrued expenses | $258,200 |
| Grants payable | $0 |
| Deferred revenue | $1,202,549 |
| 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 | $2,414,439 |
| Other liabilities | $60,101 |
| Total liabilities | $3,935,289 |
| Net assets without donor restrictions | $25,890,812 |
| Net assets with donor restrictions | $0 |
| 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 | $29,826,101 |
Grants Awarded
Over the last fiscal year, Maryland Association Of Realtors Inc has awarded $53,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE OF SOUTHERN MD FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |
MD REALTORS POLITICAL ACTION PURPOSE: GOLDEN R STATUS | $5,000 |
REALTORS RELIEF FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
PRINCE GEORGE COUNTY ASSOCIATION OF REALTORS PURPOSE: 2021 CARE AWARD | $9,000 |
MID SHORE BOARD OF REALTORS PURPOSE: 2021 CARE AWARD | $9,000 |