Idaho Association Of Realtors Inc
- Assets
- $6.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Boise, ID
- Founding
- 08/1971
- Data as of
- 12/2021
- EIN
- 82-0211162
Organization Overview
Idaho Association Of Realtors Inc, operating under the name Idaho Realtors, is located in Boise, ID. 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 12/2021, Idaho Realtors employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho 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, Idaho Realtors generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IDAHO ASSOCIATION OF REALTORS IS A PROFESSIONAL TRADE ORGANIZATION THAT PROVIDES SUPPORT TO ITS MEMBERS, ADVOCATES FOR THE PROTECTION OF PRIVATE PROPERTY RIGHTS AND PROMOTES THE REALTORS CODE OF ETHICS. IDAHO ASSOCIATION OF REALTORS IS THE UNIFIED VOICE THAT SHAPES AND INFLUENCES THE REAL ESTATE INDUSTRY IN IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - THROUGH MEMBERSHIP SERVICES THE ASSOCIATION PROVIDES ITS MEMBERS' EDUCATION AND TRAINING, PRODUCTION AND MAINTAINING REALTOR FORMS, ANNUAL BUSINESS CONFERENCE AND OTHER SERVICES.
PUBLIC POLICY AND LEGAL SUPPORT - THROUGH PUBLIC POLICY AND LEGAL SUPPORT, THE ASSOCIATION PROVIDES ITS MEMBERS MEDIATION, LEGAL HOTLINE, REVIEW AND SUPPORT ALONG WITH ADVOCACY TO PROTECT PROPERTY RIGHTS AND OTHER REAL ESTATE MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hensley CEO | OfficerTrustee | 40 | $188,714 |
Melissa Gray Director | Officer | 40 | $115,192 |
Cindy Hunter President | Trustee | 1 | $0 |
Patrick Malone President Elect | Trustee | 1 | $0 |
Denise Lundy First Vice President | Trustee | 1 | $0 |
Julie Anglesey East District VP | Trustee | 1 | $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 | $2,448,815 |
| Investment income | $425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,460,883 |
| 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. | $334,805 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,699 |
| Payroll taxes | $49,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,964 |
| 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 | $112,460 |
| Advertising and promotion | $2,051 |
| Office expenses | $100,413 |
| Information technology | $6,616 |
| Royalties | $0 |
| Occupancy | $22,498 |
| Travel | $42,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,058 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,703,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,024 |
| Savings and temporary cash investments | $5,252,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $51,177 |
| Net Land, buildings, and equipment | $239,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,354,859 |
| Accounts payable and accrued expenses | $145,745 |
| Grants payable | $0 |
| Deferred revenue | $1,966,234 |
| 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 | $2,111,979 |
| Net assets without donor restrictions | $3,426,590 |
| Net assets with donor restrictions | $816,290 |
| 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 | $6,354,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Travel Salem Salem, OR | $3,237,636 | $5,433,877 |
Salt Lake Area Chamber Of Commerce Salt Lake City, UT | $6,300,814 | $5,364,414 |
Pacific Lumber Inspection Bureau Federal Way, WA | $3,862,387 | $4,417,361 |
Yellowstone Country Montana Inc Bozeman, MT | $39,571 | $2,349,063 |
Economic Development Authority Of Western Nevada Reno, NV | $1,155,384 | $2,792,474 |
Tri-Cities Visitor & Convention Bureau Kennewick, WA | $3,619,128 | $3,350,162 |