Tucson Association Of Realtors Inc
- Assets
- $8.7m
- Revenue
- $3.6m
- Investments
- $2.1m
- Employees
- 27
- Location
- Tucson, AZ
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 86-0108815
Organization Overview
Tucson Association Of Realtors Inc is located in Tucson, AZ. The organization was established in 1953. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tucson Association Of Realtors Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tucson Association Of Realtors Inc 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, Tucson Association Of Realtors Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 6 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 UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION; PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT; SAFEGUARD OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAR IS A MEMBERSHIP ORGANIZATION SERVING THE REALTOR COMMUNITY. THE ACTIVITIES OF TAR CENTER AROUND PROVIDING THE REALTORS WITH EDUCATION, MEMBER ACTIVITIES, AND A COMMUNICATION FORUM.
UNITING REAL ESTATE PROFESSIONALS TO ENCOURAGE HIGHER INDUSTRY STANDARDS AND SUPPORT OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Lowe CEO | OfficerTrustee | 40 | $195,433 |
William Arnold Vice Preside | OfficerTrustee | 0.75 | $0 |
Ann Barmore Director | Trustee | 0.75 | $0 |
Kimberly Clifton President | OfficerTrustee | 0.75 | $0 |
Danae Jackson Director | Trustee | 0.75 | $0 |
Jodi Koch Immed Past P | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,737,384 |
| 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 | $1,737,384 |
| Total Program Service Revenue | $114,310 |
| Investment income | $18,865 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,605,207 |
| 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. | $195,433 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,092,157 |
| Pension plan accruals and contributions | $26,973 |
| Other employee benefits | $110,663 |
| Payroll taxes | $97,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,000 |
| Fees for services: Accounting | $13,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,700 |
| Fees for services: Other | $79,800 |
| Advertising and promotion | $0 |
| Office expenses | $24,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $69,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,752 |
| Insurance | $9,021 |
| All other expenses | $169,355 |
| Total functional expenses | $2,505,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,560,026 |
| Savings and temporary cash investments | $326,612 |
| 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 | $35,168 |
| Net Land, buildings, and equipment | $2,549,545 |
| Investments—publicly traded securities | $528,464 |
| Investments—other securities | $2,097,153 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $594,331 |
| Total assets | $8,691,299 |
| Accounts payable and accrued expenses | $93,172 |
| Grants payable | $0 |
| Deferred revenue | $967,241 |
| 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 | $2,210 |
| Other liabilities | $52,331 |
| Total liabilities | $1,114,954 |
| Net assets without donor restrictions | $7,576,345 |
| 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 | $8,691,299 |