Oklahoma Association Of Realtors
- Assets
- $7.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 21
- Location
- Oklahoma City, OK
- Founding
- 11/1964
- Data as of
- 12/2022
- EIN
- 73-0739195
Organization Overview
Oklahoma Association Of Realtors is located in Oklahoma City, OK. The organization was established in 1964. 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 12/2022, Oklahoma Association Of Realtors employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma 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 12/2022, Oklahoma Association Of Realtors generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 4.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OKLAHOMA ASSOCIATION OF REALTORS CONNECTS REAL ESTATE PROFESSIONALS ACROSS THE STATE BY PROVIDING COMPREHENSIVE PROFESSIONAL RESOURCES, MAINTAINING THE HIGHEST ETHICAL STANDARDS AND GIVING REALTORS A UNIFIED VOICE IN SHAPING OKLAHOMA REAL ESTATE PROPERTY LAWS AND REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS: SEMINARS AND COURSES SPONSORED BY THE ASSOCIATION WITH THE PURPOSE OF EDUCATING THE MEMBERSHIP ON VARIOUS REAL ESTATE TOPICS.
REALTOR PUBLICATIONS: THE ASSOCIATION'S OFFICIAL NEWSLETTER WHICH CONTAINS INFORMATIVE ARTICLES CONCERNING THE REAL ESTATE INDUSTRY AND NOTIFIES MEMBERS OF MEETINGS AND CHANGES IN LAWS.
CONFERENCES, CONVENTIONS AND MEETINGS: THE ASSOCIATION'S ANNUAL MEETINGS, ORIENTATION AND CONFERENCES FOR LOCAL BOARD OFFICERS, VARIOUS DIRECTORS AND COMMITTEE MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Emory State Director | Trustee | 2 | $0 |
Allen Steffani State Director | Trustee | 2 | $0 |
Allen Terri Alternate Director | Trustee | 2 | $0 |
Barber Shonna State Director | Trustee | 2 | $0 |
Barton Margaret Past President | Trustee | 2 | $0 |
Bass Carol Local Board President | Trustee | 2 | $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 | $3,065,070 |
| Investment income | $97,691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,119 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$76,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,100,828 |
| 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. | $280,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $734,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,261 |
| Payroll taxes | $68,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,989 |
| Fees for services: Accounting | $46,272 |
| Fees for services: Lobbying | $46,359 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,996 |
| Fees for services: Other | $159,845 |
| Advertising and promotion | $51,956 |
| Office expenses | $52,975 |
| Information technology | $60,416 |
| Royalties | $0 |
| Occupancy | $52,357 |
| Travel | $78,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $289,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,420 |
| Insurance | $11,678 |
| All other expenses | $6,331 |
| Total functional expenses | $2,266,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,624,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,369 |
| 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 | $61,519 |
| Net Land, buildings, and equipment | $689,097 |
| Investments—publicly traded securities | $2,922,067 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,157 |
| Total assets | $7,376,509 |
| Accounts payable and accrued expenses | $87,087 |
| Grants payable | $0 |
| Deferred revenue | $1,086,275 |
| 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 | $0 |
| Total liabilities | $1,173,362 |
| Net assets without donor restrictions | $6,203,147 |
| 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 | $7,376,509 |