Washington Association Of Realtors
- Assets
- $17.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Olympia, WA
- Founding
- 03/1959
- Data as of
- 12/2021
- EIN
- 91-0789552
Organization Overview
Washington Association Of Realtors is located in Olympia, WA. The organization was established in 1959. 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, Washington Association Of Realtors employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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, Washington Association Of Realtors generated $6.4m 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 $5.3m during the year ending 12/2021. While expenses have increased by 4.8% 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 PROMOTE AND ADVANCE ISSUES OF IMPORTANCE TO THE REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - TO EDUCATE AND INFORM REALTORS, TO PROVIDE CONTINUING EDUCATION AND UPDATES, TO ENCOURAGE HIGH STANDARDS AND ETHICS. PROF. STANDARDS - TO PROMOTE UNIFORMITY IN THE INDUSTRY.
CONVENTION - TO BRING MEMBERS TOGETHER TO SHARE IDEAS, TO PROVIDE ADDITIONAL EDUCATION THROUGH SPEAKERS, AND DISCUSS ISSUES AND TRENDS IN THE REAL ESTATE INDUSTRY.
GOVERNMENT AFFAIRS - TO INFORM ON ISSUES RELATED TO THE REAL ESTATE INDUSTRY, GUIDANCE, AND EXPERTISE ON LAND USE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Francks CEO | Officer | 37.5 | $383,545 |
Nathan Gorton Govt Affair Dir | 37.5 | $204,523 | |
Steven Klanicki Communication Dir | 37.5 | $131,961 | |
William Clark Govt Affair Policy Dir | 37.5 | $103,086 | |
Debbie Maxwell Controller | Officer | 37.5 | $39,769 |
Myung-Hee Lee Controller | Officer | 37.5 | $26,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Annette T Fitzsimmons Ps Legal | 12/30/21 | $225,472 |
Real Strategy Group Llc Data Research | 12/30/21 | $142,708 |
Alliances Nw Lobbying | 12/30/21 | $128,854 |
Silver Tech Inc Website Update | 12/30/21 | $119,603 |
Access Marketing Services Marketing | 12/30/21 | $114,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,979,133 |
| 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 | $5,979,133 |
| Total Program Service Revenue | $298,632 |
| Investment income | $25,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,150 |
| 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 | $6,357,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $492,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,435,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $288,209 |
| Payroll taxes | $134,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $379,028 |
| Fees for services: Accounting | $32,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,803 |
| Advertising and promotion | $0 |
| Office expenses | $149,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,781 |
| Travel | $41,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,526 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,082 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,281,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $576,928 |
| Savings and temporary cash investments | $3,411,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,892 |
| 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 | $79,754 |
| Net Land, buildings, and equipment | $5,335,202 |
| Investments—publicly traded securities | $7,740,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,163,792 |
| Accounts payable and accrued expenses | $586,902 |
| Grants payable | $0 |
| Deferred revenue | $2,346,700 |
| 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 | $3,190,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,124,219 |
| Net assets without donor restrictions | $11,039,573 |
| 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 | $17,163,792 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington Association Of Realtors has recieved totaling $24,016.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $24,016 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Convention & Visitors Bureau Anchorage, AK | $11,264,868 | $23,092,193 |
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Fairbanks Convention And Visitors Bureau Fairbanks, AK | $2,458,123 | $5,662,617 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |
Travel Salem Salem, OR | $3,237,636 | $5,433,877 |
Pacific Lumber Inspection Bureau Federal Way, WA | $3,862,387 | $4,417,361 |
Tri-Cities Visitor & Convention Bureau Kennewick, WA | $3,619,128 | $3,350,162 |
Alaska Oil And Gas Association Anchorage, AK | $1,444,563 | $2,236,646 |
Portland Metropolitan Association Of Realtors Portland, OR | $15,711,634 | $4,122,851 |
Idaho Association Of Realtors Inc Boise, ID | $6,354,859 | $2,460,883 |