Northern Virginia Assoc Of Realtors Incorporated

Organization Overview

Northern Virginia Assoc Of Realtors Incorporated is located in Fairfax, VA. The organization was established in 2003. 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 12/2021, Northern Virginia Assoc Of Realtors Incorporated employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Virginia Assoc Of Realtors Incorporated 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, Northern Virginia Assoc Of Realtors Incorporated generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Northern Virginia Assoc Of Realtors Incorporated has awarded 27 individual grants totaling $321,290. 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

ELEVATING REALTOR SUCCESS BY DELIVERING EXCEPTIONAL VALUE, DRIVING INNOVATION AND IMPACTING THE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS (NVAR) EDUCATIONAL PROGRAM SERVICE ACHIEVES THE ASSOCIATION'S PURPOSE OF PROVIDING CURRENT AND PROSPECTIVE REAL ESTATE PROFESSIONALS WITH THE KNOWLEDGE NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA AND, BY OFFERING CONTINUING EDUCATION CLASSES, ASSIST MEMBERS IN MEETING THEIR STATE LICENSING REQUIREMENTS.


THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF DISSEMINATING INFORMATION TO THE MEMBERSHIP AND GENERAL PUBLIC AND ADVOCATING TO PROTECT REAL PROPERTY RIGHTS. THIS INFORMATION ASSISTS IN PROVIDING VITAL INFORMATION REGARDING THE REAL ESTATE MARKET, REGULATORY AND LEGAL ISSUES AFFECTING REAL ESTATE AND THE REAL ESTATE PROFESSION IN NORTHERN VIRGINIA.


THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF PROVIDING MEMBERS THE PRODUCTS AND TOOLS NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cybervillage Networkers Inc
Computer Services
$259,127
Red River Managed Services
Computer Services
$163,099
Remine Inc
Transaction Management Software
$197,349
Clean Office Inc
Janitorial Services
$128,215
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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$78,100
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$78,100
Total Program Service Revenue$6,476,072
Investment income $575,143
Tax Exempt Bond Proceeds $0
Royalties $356,066
Net Rental Income $1,250
Net Gain/Loss on Asset Sales $77,725
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $70,787
Miscellaneous Revenue$0
Total Revenue $7,651,355

Grants Awarded

Over the last fiscal year, Northern Virginia Assoc Of Realtors Incorporated has awarded $20,000 in support to 3 organizations.

Grant RecipientAmount

NORTHERN VIRGINIA TRANSPORTATION ALLIANCE

Org PageRecipient Profile

Mclean, VA

PURPOSE: GENERAL SUPPORT

$10,000

REALTORS RELIEF FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: GENERAL SUPPORT

$5,000

VIRGINIA REALTORS DISASTER RELIEF FUND

Org PageRecipient Profile

Glen Allen, VA

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Profile

Endowment Analysis

Beg. Balance$4,949,184
Net Contributions$422,629
Other Expense$270,011
Ending Balance$5,101,802

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