Dulles Area Association Of Realtors
- Assets
- $1.1m
- Revenue
- $670.3k
- Investments
- $536.7k
- Employees
- 9
- Location
- Ashburn, VA
- Founding
- 06/1970
- Data as of
- 06/2024
- EIN
- 54-0857587
Organization Overview
Dulles Area Association Of Realtors is located in Ashburn, VA. The organization was established in 1970. 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 06/2024, Dulles Area Association Of Realtors employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dulles Area 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 06/2024, Dulles Area Association Of Realtors generated $670.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $772.8k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THOSE IN THE REAL ESTATE PROFESSION, IN LOUDOUN COUNTY, VA AND THE SURROUNDING AREA, BY PROVIDING A UNIFIED MEDIUM FOR REAL ESTATE PROFESSIONALS AND OWNERS TO SAFEGUARD AND ADVANCE THEIR MUTUAL INTERESTS, AND TO PROMOTE THE STANDARDS OF THE NATIONAL ASSOCIATION OF REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION/SEMINARS/NEWSLETTERS: THE ASSOCIATION HOLDS CLASSES AND SEMINARS AND PROVIDES EDUCATIONAL AND INFORMATIVE NEWSLETTERS TO ITS MEMBERS.
GROWTH ISSUES/GOVERNMENT AFFAIRS: THE ASSOCIATION INCURS EXPENSES RELATED TO MAINTAINING A CURRENT UNDERSTANDING OF DEVELOPMENT ISSUES IN ECONOMIC GROWTH AND GOVERNMENT AFFAIRS.
COMMITTEES AND MEETINGS: THE ASSOCIATION HAS SEVERAL MEETINGS EACH YEAR, AND SERVES ON SEVERAL DIFFERENT COMMITTEES, AT BOTH THE LOCAL AND REGIONAL LEVELS.
OFFICE USE/INTERNET ACCESSIBILITY: THE ASSOCIATION PROVIDES OFFICE SPACE FOR MEETINGS, AS WELL AS INTERNET ACCESS AND A WEBSITE FOR THE SHARING OF INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Marteney CEO | OfficerTrustee | 40 | $37,654 |
Ida Dennis President | OfficerTrustee | 0.75 | $0 |
Peter Leonard Morgan President-El | OfficerTrustee | 0.75 | $0 |
Robin Frank Treasurer | OfficerTrustee | 0.75 | $0 |
Victor Beltran Director | Trustee | 0.5 | $0 |
Chelsea Betah Director | Trustee | 0.5 | $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 | $63,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,692 |
| Total Program Service Revenue | $552,873 |
| Investment income | $44,819 |
| 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 | $8,942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,326 |
| 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. | $116,769 |
| Compensation of current officers, directors, key employees. | $17,515 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $187,651 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,828 |
| Payroll taxes | $23,343 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,700 |
| Fees for services: Accounting | $51,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,937 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $14,175 |
| Office expenses | $20,661 |
| Information technology | $35,416 |
| Royalties | $0 |
| Occupancy | $165,358 |
| Travel | $21,790 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,300 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $772,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,274 |
| Savings and temporary cash investments | $11,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,936 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,483 |
| Prepaid expenses and deferred charges | $33,435 |
| Net Land, buildings, and equipment | $42,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $536,736 |
| Investments—program-related | $15,459 |
| Intangible assets | $0 |
| Other assets | $337,371 |
| Total assets | $1,065,363 |
| Accounts payable and accrued expenses | $86,439 |
| Grants payable | $0 |
| Deferred revenue | $108,557 |
| 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 | $0 |
| Other liabilities | $363,712 |
| Total liabilities | $558,708 |
| Net assets without donor restrictions | $0 |
| 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 | $506,655 |
| Total liabilities and net assets/fund balances | $1,065,363 |