Maryland Association Of Realtors Inc

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 10/2021, Maryland Association Of Realtors Inc employed 25 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 10/2021, Maryland Association Of Realtors Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $5.1m during the year ending 10/2021. While expenses have increased by 2.6% per year over the past 6 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 $185,000. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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)Compensation
Charles A Kasky
CEO
$302,709
William A Castelli
Sr Vp-Legislative Affairs
$155,147
Kathleen Dartez
Director Of Legal Affairs
$120,220
Patricia D Schmitt
VP Finance
$108,056
Craig Wolf
President Nar Caucus Chair
$0
Chris Hill
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Access Marketing Servicess Llc
Marketing
$1,270,668
Hbp Inc
Magazine Printing Postage
$181,744
View All Vendors

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$6,653,203
Investment income $154,676
Tax Exempt Bond Proceeds $0
Royalties $12,967
Net Rental Income $92,485
Net Gain/Loss on Asset Sales $126,662
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,062,781

Grants Awarded

Over the last fiscal year, Maryland Association Of Realtors Inc has awarded $53,000 in support to 5 organizations.

Grant RecipientAmount

REALTORS RELIEF FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL SUPPORT

$25,000

MID SHORE BOARD OF REALTORS

Org PageRecipient Profile

Easton, MD

PURPOSE: 2021 CARE AWARD

$9,000

PRINCE GEORGE COUNTY ASSOCIATION OF REALTORS

Org PageRecipient Profile

Landover, MD

PURPOSE: 2021 CARE AWARD

$9,000

COLLEGE OF SOUTHERN MD FOUNDATION

Org PageRecipient Profile

Laplata, MD

PURPOSE: GENERAL SUPPORT

$5,000

MD REALTORS POLITICAL ACTION

PURPOSE: GOLDEN R STATUS

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Maryland Association Of Realtors Inc has recieved totaling $599,958.

Awarding OrganizationAmount
National Association Of Realtors

Chicago, IL

PURPOSE: GENERAL SUPPORT

$599,958
View Grant Recipient Profile

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