Georgia Association Of Realtors Inc
- Assets
- $19.0m
- Revenue
- $8.4m
- Investments
- $2.0m
- Employees
- 32
- Location
- Atlanta, GA
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 58-0836843
Organization Overview
Georgia Association Of Realtors Inc is located in Atlanta, GA. The organization was established in 1967. 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 12/2022, Georgia Association Of Realtors Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia 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 12/2022, Georgia Association Of Realtors Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $7.7m during the year ending 12/2022. While expenses have increased by 10.9% 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 2020, Georgia Association Of Realtors Inc has awarded 30 individual grants totaling $491,120. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROFESSIONAL MEMBERSHIP ASSOCIATION FOR THE GEORGIA REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION'S ANNUAL MEETINGS AND EDUCATIONAL PROGRAMS - THE ASSOCIATION HOSTS BUSINESS MEETINGS AND CONFERENCES ANNUALLY.
PUBLICATIONS OF GEORGIA REALTOR MAGAZINE - THE ASSOCIATION'S JOURNAL MADE AVAILABLE TO ALL MEMBERS WHICH PROVIDES EDUCATIONAL AND INFORMATIVE MATERIAL. A TOTAL OF 198,192 MAGAZINES WERE MAILED IN 2022.
OTHER ACTIVITIES RELATED TO THE ADVANCEMENT OF THE REAL ESTATE PROFESSION IN GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Scully President | OfficerTrustee | 1 | $0 |
Stephen Walker First Vice President | OfficerTrustee | 1 | $0 |
Jim Barner President - Elect | OfficerTrustee | 1 | $0 |
Joey Tucker Immediate Past President | OfficerTrustee | 1 | $0 |
Michael Blackburn Chair | OfficerTrustee | 1 | $0 |
Wendy Gravlin Chambers Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keith Hatcher Llc Consulting Services | 12/30/19 | $167,500 |
Nichols Neal Construction Llc Contractor Services | 12/30/19 | $105,068 |
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 | $8,339,336 |
| Investment income | $115,451 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,550 |
| Net Gain/Loss on Asset Sales | -$113,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,362,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $344,803 |
| 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. | $451,896 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,093,162 |
| Pension plan accruals and contributions | $71,358 |
| Other employee benefits | $190,979 |
| Payroll taxes | $160,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,332 |
| Fees for services: Accounting | $108,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,000 |
| Fees for services: Other | $242,589 |
| Advertising and promotion | $89,381 |
| Office expenses | $164,514 |
| Information technology | $205,897 |
| Royalties | $0 |
| Occupancy | $141,142 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,474,309 |
| Interest | $27,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $240,466 |
| Insurance | $17,223 |
| All other expenses | $0 |
| Total functional expenses | $7,654,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536 |
| Savings and temporary cash investments | $9,575,654 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254,473 |
| 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 | $101,717 |
| Net Land, buildings, and equipment | $7,048,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,990,190 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,971,289 |
| Accounts payable and accrued expenses | $361,310 |
| Grants payable | $0 |
| Deferred revenue | $1,596,447 |
| 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 | $2,300,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,994 |
| Total liabilities | $4,296,751 |
| Net assets without donor restrictions | $14,654,361 |
| Net assets with donor restrictions | $20,177 |
| 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 | $18,971,289 |
Grants Awarded
Over the last fiscal year, Georgia Association Of Realtors Inc has awarded $303,620 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN LEGAL FOUNDATION PURPOSE: FINANCIAL ASSISTANCE | $35,000 |
GEORGIA CHAMBER OF COMMERCE PURPOSE: FINANCIAL ASSISTANCE | $29,120 |
SAVANNAH REAL ESTATE BOARD PURPOSE: FINANCIAL ASSISTANCE | $27,549 |
COLUMBUS BOARD OF REALTORS PURPOSE: FINANCIAL ASSISTANCE | $16,705 |
UGA FOUNDATION PURPOSE: FINANCIAL ASSISTANCE | $15,000 |
GEORGIA ECONOMIC DEVELOPERS ASSOCIATION INC PURPOSE: FINANCIAL ASSISTANCE | $10,600 |