Northern Wasatch Association Of Realtors
- Assets
- $9.2m
- Revenue
- $2.6m
- Investments
- $5.3m
- Employees
- 5
- Location
- South Ogden, UT
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 87-0219350
Organization Overview
Northern Wasatch Association Of Realtors is located in South Ogden, UT. The organization was established in 1999. 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 12/2021, Northern Wasatch Association Of Realtors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Wasatch 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, Northern Wasatch Association Of Realtors generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 7.9% 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 OUR MEMBERS BY PROMOTING THE RIGHT TO OWN, TRANSFER, AND USE REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOR MEMBERS TO EXPAND PROFESSIONAL DEVELOPMENT IN ORDER TO BECOME HIGHLY SKILLED REAL ESTATE PROFESSIONALS.
LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY, PROMOTE FAIR HOUSING AND EQUAL OPPORTUNITY IN REAL ESTATE AND PROMOTE AWARENESS OF REALTOR VALUE.
PROVIDE TOOLS FOR REALTORS TO BE IN COMPLIANCE WITH STATE LAWS AND REGULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Ostermiller CEO And Secretary | Officer | 40 | $195,000 |
Shauna L Ray President | OfficerTrustee | 2 | $12,000 |
Robert J Bolar Past President | OfficerTrustee | 2 | $0 |
Anne Lansing Thru Oct 21 1st Vice President | OfficerTrustee | 2 | $0 |
Lori Fleming Thru Oct 21 2nd Vice President | OfficerTrustee | 2 | $0 |
Stephanie Taylor President Elect | OfficerTrustee | 2 | $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 | $2,329,586 |
| Investment income | $188,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,000 |
| Net Gain/Loss on Asset Sales | -$1,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,785 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,554,624 |
| 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. | $259,490 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,065 |
| Pension plan accruals and contributions | $6,922 |
| Other employee benefits | $70,986 |
| Payroll taxes | $30,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,677 |
| Office expenses | $16,868 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,830 |
| Travel | $36,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,956 |
| Insurance | $6,414 |
| All other expenses | $45,384 |
| Total functional expenses | $1,522,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $964,624 |
| Savings and temporary cash investments | $1,362,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,947 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,529,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,340,082 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,212,927 |
| Accounts payable and accrued expenses | $61,228 |
| Grants payable | $0 |
| Deferred revenue | $823,929 |
| 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 | $0 |
| Other liabilities | $134,314 |
| Total liabilities | $1,019,471 |
| Net assets without donor restrictions | $8,193,456 |
| 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 | $9,212,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northern Wasatch Association Of Realtors has recieved totaling $27,750.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $27,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
Tmc Holdings Inc Tucson, AZ | $68,218,396 | $6,472,503 |
Tucson Association Of Realtors Inc Tucson, AZ | $7,118,539 | $3,342,875 |
Nellis-Stewart Inc Las Vegas, NV | $28,552,356 | $2,374,620 |
Denver Metro Association Of Realtors Denver, CO | $6,496,632 | $3,131,809 |
South Metro Denver Realtor Association Inc Centennial, CO | $7,202,323 | $1,681,652 |
Northern Wasatch Association Of Realtors South Ogden, UT | $9,212,927 | $2,554,624 |
Boise Regional Realtors Inc Boise, ID | $4,503,987 | $2,800,698 |
Pikes Peak Association Of Realtors Inc Colorado Springs, CO | $10,870,945 | $1,683,320 |
Washington County Board Of Realtors St George, UT | $5,134,467 | $1,625,807 |
Clinica Holding Company Lafayette, CO | $18,656,996 | $670,864 |