Realtor Association Of Sarasota And Manatee Inc
- Assets
- $15.9m
- Revenue
- $4.0m
- Investments
- $73.2k
- Employees
- 24
- Location
- Sarasota, FL
- Founding
- 09/1969
- Data as of
- 12/2023
- EIN
- 59-0810295
Organization Overview
Realtor Association Of Sarasota And Manatee Inc is located in Sarasota, FL. The organization was established in 1969. 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 12/2023, Realtor Association Of Sarasota And Manatee Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor Association Of Sarasota And Manatee 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 12/2023, Realtor Association Of Sarasota And Manatee Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.5m 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UPHOLD THE REALTOR CODE OF ETHICS, DELIVER EDUCATION, TOOLS, AND RESOURCES TO ADVANCE MEMBERS' PROFESSIONALISM, BE THE ADVOCATE FOR PROTECTION OF PRIVATE PROPERTY RIGHTS IN THE COMMUNITIES WE SERVE, AND TO FURTHER THE INTERESTS OF REAL PROPERTY OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATION AND EDUCATION PROGRAMS FOR MEMBERS INCLUDING: WEBSITE, ELEVATE MAGAZINE, MULTIPLE TOPICAL AND MEMBER SEGMENTED ELECTRONIC NEWSLETTERS, SOCIAL MEDIA POSTS, AND MONTHLY REAL ESTATE MARKET STATISTICAL REPORT AND MEDIA RELEASE; AND NEW MEMBER ORIENTATION, CODE OF ETHICS, PROFESSIONAL DEVELOPMENT, CONTINUING EDUCATION CLASSES, COMMERCIAL AND INTERNATIONAL REAL ESTATE EDUCATION PROGRAMS, AND ANNUAL EDUCATION CONFERENCE & EXPO.
MEMBERSHIP PROGRAMS INCLUDING ANNUAL MEETING, INSTALLATION BANQUET, HOLIDAY PARTY, GENERAL ASSOCIATION MEETINGS, STRATEGIC PLANNING, COMMERCIAL REAL ESTATE MARKETPLACE MEETINGS, COMMERCIAL MONTHLY MEETINGS, COMMUNITY SERVICE PROJECTS, AND DISTRICT MEETINGS.
COMMITTEE PROGRAMS INCLUDING GOVERNMENT AFFAIRS, REAL ESTATE LEGAL ISSUES, PROFESSIONAL STANDARDS AND GRIEVANCE, BREAKFAST/LUNCHEON MEETINGS, COMMERCIAL REAL ESTATE, INTERNATIONAL REAL ESTATE, AND YOUNG PROFESSIONALS NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arakelian Jeff CEO | Officer | 40 | $216,000 |
Jesse Sunday VP Of Operations | 40 | $109,250 | |
Max Brandow VP Of Advocacy | 40 | $103,750 | |
Gina Mccarthy VP Communications | 40 | $103,250 | |
Barrett Tony President-Elect | OfficerTrustee | 3 | $0 |
Tresidder Brian President | OfficerTrustee | 3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,716,493 |
| Investment income | $246,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,480 |
| Net Gain/Loss on Asset Sales | -$70,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,980,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625 |
| 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. | $231,896 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,112,871 |
| Pension plan accruals and contributions | $37,740 |
| Other employee benefits | $73,187 |
| Payroll taxes | $96,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,007 |
| Fees for services: Accounting | $95,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $33,488 |
| Office expenses | $24,273 |
| Information technology | $147,834 |
| Royalties | $0 |
| Occupancy | $133,700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $224,549 |
| Insurance | $66,077 |
| All other expenses | $258,208 |
| Total functional expenses | $3,477,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $863,297 |
| Savings and temporary cash investments | $2,203,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,187 |
| Prepaid expenses and deferred charges | $100,495 |
| Net Land, buildings, and equipment | $6,921,163 |
| Investments—publicly traded securities | $5,595,298 |
| Investments—other securities | $73,172 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,544 |
| Total assets | $15,862,126 |
| Accounts payable and accrued expenses | $222,157 |
| Grants payable | $0 |
| Deferred revenue | $1,528,158 |
| 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 | $112,248 |
| Total liabilities | $1,862,563 |
| Net assets without donor restrictions | $13,999,563 |
| 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 | $15,862,126 |
Grants Awarded
Over the last fiscal year, Realtor Association Of Sarasota And Manatee Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY SARASOTA PURPOSE: GENERAL DONATION | $5,000 |
MANATEE COUNTY HABITAT FOR HUMANITY PURPOSE: GENERAL DONATION | $5,000 |