Arizona Association Of Realtors
- Assets
- $47.1m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Phoenix, AZ
- Founding
- 12/1965
- Data as of
- 12/2023
- 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 12/2023, Arizona Association Of Realtors employed 31 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 12/2023, Arizona Association Of Realtors generated $11.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 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
2023
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 33,102 MEMBERS. THE EXPENSE FOR THIS BENEFIT WAS 382,831 IN 2023 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.
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 1,833 DESIGNATED BROKERS AND 952 BROKER DESIGNEES. THIS BENEFIT WAS PROVIDED BY ZELMS ERLICH & MACK LLP IN 2023 AT AN ANNUAL COST OF 215,729.
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 COOPERATING MLS SYSTEMS. IN 2023, THE SYSTEM WAS UTILIZED BY 25,669 MEMBERS AND THE EXPENSE FOR THIS BENEFIT WAS 166,214.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Drucker CEO | Officer | 40 | $392,173 |
K Michelle Lind Of Counsel | Officer | 40 | $300,526 |
Barbara Freestone Sr VP Bus De | 40 | $163,660 | |
Kristen Page Controller | 40 | $163,768 | |
Christina Smalls COO | 40 | $149,730 | |
Matthew Contorelli Govt Affairs | 40 | $110,280 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Zelms Erlich & Mack Llp Member Svcs | 12/30/23 | $215,729 |
Lone Wolf Technologies Information Tec | 12/30/23 | $382,831 |
Global Market Innovators Member Svcs | 12/30/23 | $201,242 |
Bre Iconic Abr Owner Llc Event Services | 12/30/23 | $177,950 |
Clareity Security Llc Member Svcs | 12/30/23 | $166,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,923,214 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,002 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,944,216 |
| Total Program Service Revenue | $393,184 |
| Investment income | $1,511,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$38,992 |
| 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 | $11,814,724 |
| 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. | $692,699 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,149,591 |
| Pension plan accruals and contributions | $159,916 |
| Other employee benefits | $220,831 |
| Payroll taxes | $187,673 |
| 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 | $324,557 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $172,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,513 |
| Insurance | $0 |
| All other expenses | $1,300,478 |
| Total functional expenses | $8,611,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,929 |
| Savings and temporary cash investments | $20,060,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,436 |
| 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 | $141,592 |
| Net Land, buildings, and equipment | $2,456,077 |
| Investments—publicly traded securities | $24,040,755 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,062,438 |
| Accounts payable and accrued expenses | $102,441 |
| Grants payable | $0 |
| Deferred revenue | $4,197,329 |
| 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 | $84,793 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,947 |
| Total liabilities | $4,429,510 |
| Net assets without donor restrictions | $41,720,734 |
| Net assets with donor restrictions | $912,194 |
| 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 | $47,062,438 |