New Mexico Association Of Realtors

Organization Overview

New Mexico Association Of Realtors is located in Santa Fe, NM. The organization was established in 1960. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, New Mexico Association Of Realtors employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico 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, New Mexico Association Of Realtors generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE EDUCATION, INFORMATION, LEGAL DEFENSE, AND TO INFLUENCE LEGISLATION ON BEHALF OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION - TO PROVIDE EDUCATIONAL PROGRAMS USING BOOKS, PERIODICALS, LECTURES AND OTHER EDUCATIONAL MATERIALS TO IMPROVE MEMBER SKILLS.


LEGISLATIVE - TO INFLUENCE LEGISLATION RELATING TO AND ASSOCIATED WITH REAL ESTATE IN GENERAL.


SERVICES AND PUBLICATIONS - TO UNITE REAL ESTATE PROFESSIONALS FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON MATTERS AFFECTING THE REAL ESTATE INTERESTS OF NEW MEXICO AND TO INFORM MEMBERS OF THESE MATTERS.


LEGAL DEFENSE - TO PROVIDE FOR LEGAL SERVICES RELATED TO LITIGATION WHICH MAY HAVE PRECEDENTAL SIGNIFICANCE IN THE NEW MEXICO REAL ESTATE INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
M Steven Anaya
Ex-Officio/c
$220,000
Russ James Mcelroy
President
$0
Danny Vigil
President El
$0
Paul Wilson
Imm. Past Pr
$0
Wes Graham
Treasurer
$0
Esther Purkey
Se Dis. V. P
$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$2,300,802
Investment income $199,781
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 $2,572,562

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