Miami Association Of Realtors Inc
- Assets
- $60.6m
- Revenue
- $26.7m
- Investments
- $0.0
- Employees
- 73
- Location
- Miami, FL
- Founding
- 10/1942
- Data as of
- 06/2022
- EIN
- 59-0359750
Organization Overview
Miami Association Of Realtors Inc is located in Miami, FL. The organization was established in 1942. 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 06/2022, Miami Association Of Realtors Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami 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 06/2022, Miami Association Of Realtors Inc generated $26.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $19.1m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN THE STANDARDS OF CONDUCT OF THE NATIONAL ASSOCIATION OF REALTORS AND TO PROVIDE VARIOUS SERVICES FOR THE BENEFIT OF ASSOCIATION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa King Kinney Chief Executive Officer | Officer | 40 | $485,071 |
Deborah Boza Valledor Chief Operating Officer | Officer | 40 | $323,478 |
Elizabeth Sturrock Chief Innovation Officer | 40 | $305,000 | |
Eurecka Christopher Chief Financial Officer | Officer | 40 | $228,321 |
Danielle Clermont Senior VP Of Marketing | Officer | 40 | $208,695 |
Paul Cauchi Chief Of Commercial | 40 | $199,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsp Architects Architecture Svcs | 6/29/22 | $119,086 |
Arent Fox Llp Legal Services | 6/29/22 | $112,869 |
Montero Design Website Design | 6/29/22 | $119,761 |
Sharpe Project Developments Inc Mgmt Consultants | 6/29/22 | $108,132 |
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 | $24,564,891 |
| Investment income | $551,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $245,458 |
| Net Rental Income | $47,890 |
| Net Gain/Loss on Asset Sales | $169,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $161,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,699,665 |
| 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. | $1,305,314 |
| Compensation of current officers, directors, key employees. | $352,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,270,325 |
| Pension plan accruals and contributions | $981,868 |
| Other employee benefits | $704,137 |
| Payroll taxes | $460,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $326,604 |
| Fees for services: Accounting | $39,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,657 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,549 |
| Office expenses | $1,046,910 |
| Information technology | $106,741 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341,471 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $619,324 |
| Insurance | $96,335 |
| All other expenses | $384,206 |
| Total functional expenses | $19,094,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,328 |
| Savings and temporary cash investments | $17,873,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,744 |
| Prepaid expenses and deferred charges | $1,400,696 |
| Net Land, buildings, and equipment | $8,579,371 |
| Investments—publicly traded securities | $31,983,904 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,569,821 |
| Accounts payable and accrued expenses | $4,139,759 |
| Grants payable | $0 |
| Deferred revenue | $16,160,200 |
| 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 | $264,825 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,564,784 |
| Net assets without donor restrictions | $40,005,037 |
| 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 | $60,569,821 |