Greater Tulsa Association Of Realtors Inc is located in Tulsa, OK. The organization was established in 1971. 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, Greater Tulsa Association Of Realtors Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Tulsa 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 12/2023, Greater Tulsa Association Of Realtors Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 years. 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
THE ORGANIZATION OPERATES TO PROMOTE THE REAL ESTATE INDUSTRY IN THE GREATER TULSA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF DUES: OKLAHOMA ASSOCIATION OF REALTORS & NATIONAL ASSOCIATION OF REALTORS
PUBLIC RELATIONS
EDUCATIONAL ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mandi Meador Executive Dir. | Officer | 30 | $141,138 |
Gary Griffith President | OfficerTrustee | 0 | $0 |
Cindy Rodgers Pres - Elect | OfficerTrustee | 0 | $0 |
Jen Sanders Treasurer | OfficerTrustee | 0 | $0 |
Kendra Hendren Past Pres | Trustee | 0 | $0 |
Carol Pankey-Davis Director | Trustee | 0 | $0 |
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 | $1,917,802 |
Investment income | $49,799 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$11,882 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,031,503 |
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 | $114,599 |
Compensation of current officers, directors, key employees. | $145,289 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $305,972 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $81,264 |
Payroll taxes | $43,167 |
Fees for services: Management | $0 |
Fees for services: Legal | $44,861 |
Fees for services: Accounting | $14,918 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $65,451 |
Advertising and promotion | $0 |
Office expenses | $43,947 |
Information technology | $22,945 |
Royalties | $0 |
Occupancy | $139,466 |
Travel | $31,547 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $15,608 |
Interest | $112,864 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $37,422 |
Insurance | $15,182 |
All other expenses | $18,408 |
Total functional expenses | $1,402,139 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,792,099 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,310 |
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 | $13,610 |
Net Land, buildings, and equipment | $5,682,782 |
Investments—publicly traded securities | $0 |
Investments—other securities | $20,725 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $109,767 |
Total assets | $8,626,293 |
Accounts payable and accrued expenses | $84,508 |
Grants payable | $0 |
Deferred revenue | $1,434,789 |
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 | $2,158,164 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $3,677,461 |
Net assets without donor restrictions | $4,948,832 |
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 | $8,626,293 |