Utah Central Association Of Realtor
- Assets
- $14.9m
- Revenue
- $2.3m
- Investments
- $7.1m
- Employees
- 9
- Location
- Orem, UT
- Founding
- 07/1993
- Data as of
- 12/2021
- EIN
- 87-0205105
Organization Overview
Utah Central Association Of Realtor is located in Orem, UT. The organization was established in 1993. 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, Utah Central Association Of Realtor employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Central Association Of Realtor 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, Utah Central Association Of Realtor generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 3.1% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Christensen CEO | OfficerTrustee | 40 | $210,856 |
Andrew Ford President | Trustee | $12,000 | |
Jack Andrews Director | Trustee | $0 | |
Breezy Anson Director | Trustee | $0 | |
Stephanie Bagley Director | Trustee | $0 | |
David Carpenter Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,960,312 |
| 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 | $1,960,312 |
| Total Program Service Revenue | -$9,258 |
| Investment income | $251,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,876 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,209 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,344,429 |
| 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. | $222,856 |
| Compensation of current officers, directors, key employees. | $222,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,764 |
| Payroll taxes | $31,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,030 |
| Fees for services: Accounting | $31,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,221 |
| Office expenses | $43,546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,808 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,383 |
| Interest | $44,937 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,501 |
| Insurance | $0 |
| All other expenses | $10,000 |
| Total functional expenses | $1,943,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,527 |
| Savings and temporary cash investments | $4,005,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,021 |
| Prepaid expenses and deferred charges | $104,753 |
| Net Land, buildings, and equipment | $3,693,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,060,922 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,924,046 |
| Accounts payable and accrued expenses | $178,747 |
| Grants payable | $0 |
| Deferred revenue | $1,137,373 |
| 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 | $868,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,988 |
| Total liabilities | $2,215,808 |
| Net assets without donor restrictions | $12,708,238 |
| 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 | $14,924,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West And Southeast Realtors Of The Valley Inc Chandler, AZ | $16,716,149 | $4,817,480 |
Nevada Realtors Reno, NV | $20,648,058 | $6,357,960 |
Arizona Multi-Housing Association Phoenix, AZ | $5,772,889 | $3,833,501 |
Home Builders Association Of Utah Draper, UT | $4,082,547 | $3,740,603 |
New Mexico Association Of Realtors Santa Fe, NM | $9,229,177 | $2,572,562 |
Utah Central Association Of Realtor Orem, UT | $14,924,046 | $2,344,429 |
Home Builders Association Of Metropolitan Denver Centennial, CO | $1,428,765 | $1,786,767 |
Electric League Of Arizona Phoenix, AZ | $2,581,504 | $1,627,774 |
Housing & Building Association Of Colorado Springs Colorado Springs, CO | $1,762,666 | $1,429,314 |
Utah Valley Home Builders Association Vineyard, UT | $3,715,076 | $1,401,758 |
Home Builders Association Of Central New Mexico Albuquerque, NM | $874,304 | $721,952 |
Home Builders Assoc Of Greater S L Sandy, UT | $2,022,305 | $560,468 |