Arizona Association Of Realtors
- Assets
- $41.5m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Phoenix, AZ
- Founding
- 12/1965
- Data as of
- 12/2021
- EIN
- 86-0080497
Organization Overview
Arizona Association Of Realtors is located in Phoenix, AZ. The organization was established in 1965. 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, Arizona Association Of Realtors employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona 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, Arizona Association Of Realtors generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 2.3% 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
TO SERVE ITS MEMBERS BY PROVIDING SERVICES THAT ENHANCE MEMBERS' ABILITIES TO CONDUCT THEIR BUSINESSES WITH INTEGRITY AND COMPETENCY, AND TO PROMOTE THE EXTENSION AND PRESERVATION OF PRIVATE PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"LONEWOLF TECHNOLOGY SOFTWARE: SOFTWARE THAT ALLOWS MEMBERS ELECTRONIC ACCESS TO ALL ARIZONA ASSOCIATION OF REALTORS STANDARD REAL ESTATE FORMS (WITH UPDATES AND REVISIONS DONE ON A CONTINUING BASIS) AND PROVIDES FOR THE SHARING OF DATA BETWEEN ALL DOCUMENTS RELATED TO THE SAME TRANSACTION. THE SOFTWARE IS CURRENTLY UTILIZED BY APPROXIMATELY 22,785 MEMBERS. THE EXPENSE FOR THIS BENEFIT WAS 374,486 IN 2021 THROUGH LONEWOLF TECHNOLOGIES. SUPPORT IS PROVIDED THROUGH AAR'S BUSINESS SERVICES TEAM TO A MINIMUM OF 40 CALLERS PER DAY. ADDITIONALLY, FULL DAY TRAINING CLASSES ARE PROVIDED WEEKLY EACH MONTH. OUR SINGLE SIGN ON PLATFORM IS A PLATFORM WE UTILIZE FROM THE CLAREITY COMPANY. IT SIMPLIFIES THE LOGIN PROCESS FOR VARIOUS MEMBER PLATFORMS, WEBSITES AND SEVERAL CORPORATING MLS SYSTEMS. IN 2021, THE SYSTEM WAS UTILIZED BY 21,905 MEMBERS AND THE EXPENSE FOR THIS BENEFIT WAS 374,492.39.
"LEGAL HOTLINE: THE LEGAL HOTLINE MEMBER BENEFIT ALLOWS AAR DESIGNATED BROKER MEMBERS AND AUTHORIZED MANAGERS TO CONTACT AN ATTORNEY FOR GENERAL REAL ESTATE LEGAL ADVICE. CURRENTLY UTILIZED BY 3,122 DESIGNATED RBOKERS AND 504 BROKER DESIGNEES. THIS BENEFIT WAS PROVIDED BY MANNING & KASS, ELLROD, RAMIREZ, TRESTER FOR A PORTION OF THE YEAR AND BY ZELMS ERLICH & MACK LLP FOR THE DURATION OF THE YEAR AT AN ANNUAL COST OF 195,773.96.
"CLAREITY SECURITY LLC: OUR SINGLE SIGN ON PLATFORM IS A WEBSITE UTILIZED FROM THE CLAREITY COMPANY. IT SIMPLIFIED THE LOGIN PROCESS FOR VARIOUS MEMBER PLATFORMS, WEBSITES AND SEVERAL CORPORATING MLS SYSTEMS. IN 2021, THE SYSTEM WAS UTILIZED BY 21,905 MEMBERS AND THE EXPENSE FOR THIS BENEFIT WAS 154,081.40.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lind Counsel | Officer | 40 | $459,100 |
Scott Drucker CEO | Officer | 40 | $234,517 |
Barbara Freestone Sr VP Bus De | 40 | $154,606 | |
Nikki Salgat VP Governmen | 40 | $107,559 | |
Kristen Page Controller | 40 | $106,440 | |
Matthew Contorelli Govt Affairs | 40 | $106,163 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lone Wolf Technologies Information Tec | 12/30/21 | $405,385 |
Zelms Erlich Llp Member Svcs | 12/30/21 | $146,775 |
Clareity Security Llc Member Svcs | 12/30/21 | $154,081 |
Scottsdale Plaza Resort Member Svcs | 12/30/21 | $144,888 |
Global Market Innovators Member Svc | 12/30/21 | $157,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,699,804 |
| 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 | $10,699,804 |
| Total Program Service Revenue | $320,637 |
| Investment income | $320,825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$47,337 |
| 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 | $11,298,614 |
| 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. | $719,837 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,760,948 |
| Pension plan accruals and contributions | $152,404 |
| Other employee benefits | $241,038 |
| Payroll taxes | $163,992 |
| 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 | $295,770 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,124 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,343 |
| Insurance | $0 |
| All other expenses | $1,118,637 |
| Total functional expenses | $6,889,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,452 |
| Savings and temporary cash investments | $18,848,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,958 |
| 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 | $101,990 |
| Net Land, buildings, and equipment | $2,083,886 |
| Investments—publicly traded securities | $20,054,029 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,549,602 |
| Accounts payable and accrued expenses | $59,971 |
| Grants payable | $0 |
| Deferred revenue | $4,825,640 |
| 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 | $145,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,806 |
| Total liabilities | $5,081,678 |
| Net assets without donor restrictions | $35,667,105 |
| Net assets with donor restrictions | $800,819 |
| 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 | $41,549,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Park City Area Chamber Of Commerce Convention & Visitors Buerau Park City, UT | $9,039,229 | $12,386,201 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Arizona Association Of Realtors Phoenix, AZ | $41,549,602 | $11,298,614 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |