Florida Association Of Realtors
- Assets
- $113.5m
- Revenue
- $46.2m
- Investments
- $302.4k
- Employees
- 162
- Location
- Orlando, FL
- Founding
- 01/1950
- Data as of
- 12/2023
- EIN
- 59-0245475
Organization Overview
Florida Association Of Realtors, operating under the name Florida Realtors, is located in Orlando, FL. The organization was established in 1950. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Florida Realtors employed 162 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Florida 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 12/2023, Florida Realtors generated $46.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $33.5m during the year ending 12/2023. While expenses have increased by 5.5% 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, Florida Realtors has awarded 22 individual grants totaling $2,130,738. 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
SUPPORTING THE REAL ESTATE INDUSTRY IN FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURTHERANCE OF THE REAL ESTATE INDUSTRY IN FLORIDA. PUBLICATIONS INCLUDE THE "FLORIDA REALTOR" MAGAZINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margy Grant CEO | OfficerTrustee | 40 | $731,090 |
Juana Watkins General Coun | Officer | 40 | $236,480 |
Jeff Zipper VP Of Commun | Officer | 40 | $250,322 |
Andrew Gonzales VP Of Public | Officer | 40 | $169,990 |
Eric Forsman VP Of Tech S | Officer | 40 | $189,547 |
David Garrison VP Of Financ | Officer | 40 | $209,162 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
L&s Construction Group Office Remodel | 12/30/23 | $292,324 |
Tracey C Velt Consulting Llc Consulting | 12/30/23 | $123,460 |
Capital City Consulting Llc Consulting | 12/30/23 | $117,922 |
Bungalow Scenic Studios Consulting | 12/30/23 | $112,579 |
The Harry Walker Agency Llc Consulting | 12/30/23 | $105,307 |
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 | $43,454,077 |
| Investment income | $3,586,936 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,338 |
| Net Gain/Loss on Asset Sales | -$825,393 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,220,958 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $347,771 |
| 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. | $2,349,489 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,874,727 |
| Pension plan accruals and contributions | $657,541 |
| Other employee benefits | $1,755,978 |
| Payroll taxes | $917,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $548,357 |
| Fees for services: Accounting | $51,495 |
| Fees for services: Lobbying | $97,805 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,001 |
| Fees for services: Other | $752,768 |
| Advertising and promotion | $446,003 |
| Office expenses | $1,506,963 |
| Information technology | $99,397 |
| Royalties | $0 |
| Occupancy | $404,256 |
| Travel | $1,922,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,124,838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $785,807 |
| Insurance | $123,411 |
| All other expenses | $0 |
| Total functional expenses | $33,500,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,894,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $590,964 |
| 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 | $812,315 |
| Net Land, buildings, and equipment | $5,269,116 |
| Investments—publicly traded securities | $80,642,882 |
| Investments—other securities | $302,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,511,791 |
| Accounts payable and accrued expenses | $2,406,510 |
| Grants payable | $0 |
| Deferred revenue | $14,196,795 |
| 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 | $302,417 |
| Total liabilities | $16,905,722 |
| Net assets without donor restrictions | $96,606,069 |
| 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 | $113,511,791 |
Grants Awarded
Over the last fiscal year, Florida Association Of Realtors has awarded $345,771 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA REALTORS EDUCATIONFOUNDATION PURPOSE: GRANT SCHOLARSHIPS | $240,771 |
KEEP FLORIDA BEAUTIFUL PURPOSE: EDUCATE & IMPROVE FL | $10,000 |
THE EVERGLADES FOUNDATION PURPOSE: CONSERVATION EFFORTS | $30,000 |
FLORIDA HOUSING COALITION PURPOSE: CREATE HOUSING | $10,000 |
WORLD STRATEGIC FORUM PURPOSE: ADDRESS GLOBAL ISSUE | $35,000 |
FLORIDA TAXWATCH RESEARCHINSTITUTE PURPOSE: IMPROVE GOVERNMENT | $20,000 |