Texas Association Of Realtors
- Assets
- $94.5m
- Revenue
- $29.4m
- Investments
- $0.0
- Employees
- 91
- Location
- Austin, TX
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 74-1151935
Organization Overview
Texas Association Of Realtors is located in Austin, TX. The organization was established in 1945. 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 12/2021, Texas Association Of Realtors employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 12/2021, Texas Association Of Realtors generated $29.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ADVANCE REALTORS AND THE COMMUNITIES WE SERVE THROUGH ADVOCACY, PROFESSIONALISM, AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND MARKETING - MONTHLY PROFESSIONAL PUBLICATION PROVIDED FOR MEMBERS.
MEMBER INFORMATION - PROVIDES SUPPORT FOR THOSE IN THE REAL ESTATE PROFESSION IN THE STATE OF TEXAS.
PROFESSIONAL DEVELOPMENT - PROVIDES EDUCATIONAL INFORMATION AND CONDUCTS EDUCATIONAL SEMINARS FOR MEMBERS.
LEGISLATIVE - ORGANIZED TO CARRY OUT LEGISLATIVE ACTIVITIES OF THE ASSOCIATION.LEGAL - PROVIDES FOR THE DEFENSE AND SUPPORT OF LEGAL MATTERS AFFECTING THE MEMBERSHIP OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Kessler President / CEO | Officer | 40 | $550,064 |
Lori Levy Vice President Legal Affairs | Officer | 40 | $277,197 |
Tray Bates Vice President Of Governmental Affairs | Officer | 40 | $244,868 |
Mike Barnett Executive Vice President | Officer | 40 | $232,743 |
Angela Brutsche Vice President Communications & Marketing | Officer | 40 | $198,638 |
Pat Wimberly Technology Director | 40 | $164,783 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
White Hat Agency Inc Advertising And Marketing | 12/30/21 | $855,160 |
Lone Wolf Re Technologies Real Estate Software Solutions | 12/30/21 | $593,752 |
Orra Sgs Inc Research And Data Mining Services | 12/30/21 | $445,732 |
Marriott Marquis Houston Event Venue | 12/30/21 | $394,152 |
Luther King Capital Management Marketing And Management | 12/30/21 | $310,959 |
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 | $26,579,461 |
| Investment income | $716,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $101,025 |
| Net Gain/Loss on Asset Sales | $2,045,946 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,443,210 |
| 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. | $1,686,953 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,975 |
| Insurance | $0 |
| All other expenses | $3,976,186 |
| Total functional expenses | $17,802,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,467 |
| Savings and temporary cash investments | $19,067,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $641,514 |
| 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 | $920,246 |
| Net Land, buildings, and equipment | $2,957,417 |
| Investments—publicly traded securities | $69,137,611 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $854,453 |
| Total assets | $94,503,864 |
| Accounts payable and accrued expenses | $1,325,500 |
| Grants payable | $0 |
| Deferred revenue | $14,457,940 |
| 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 | $563,915 |
| Total liabilities | $16,347,355 |
| Net assets without donor restrictions | $78,156,509 |
| 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 | $94,503,864 |
Grants Awarded
Over the last fiscal year, Texas Association Of Realtors has awarded $87,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: HURRICANE RELIEF | $25,000 |
Chicago, IL PURPOSE: HURRICANE RELIEF | $25,000 |
PUERTO RICO ASSOCIATION OF REALTORS PURPOSE: HURRICANE RELIEF | $25,000 |
VIRGIN ISLAND TERRITORIAL ASSOCIATION OF REALTORS PURPOSE: HURRICANE RELIEF | $7,500 |
Amarillo, TX PURPOSE: PANHANDLE FIRE RELIEF | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Association Of Realtors has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Daytona Beach Area Association Of Realtors Inc Holly Hill, FL PURPOSE: TO ASSIST WITH HURRICANE DAMAGE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |