Washington Association Of Realtors
- Assets
- $16.4m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Olympia, WA
- Founding
- 03/1959
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Washington Association Of Realtors generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 7.3% 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 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. PROFESSIONAL STANDARDS - TO PROMOTE UNIFORMITY IN THE INDUSTRY.
BANQUETS/AWARDS/NATIONAL MEETINGS - TO ENCOURAGE HIGH STANDARDS BY GIVING RECOGNITION TO MEMBERS.
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 |
|---|---|---|---|
Ellingson Jan Past President | Trustee | 1 | $7,745 |
Kitabayashi Mark Past President | Trustee | 1 | $6,900 |
Villarreal Sol State Director | Trustee | 1 | $0 |
Trull Deborah State Director | Trustee | 1 | $0 |
Tuck Tamara State Director | Trustee | 1 | $0 |
Underwood Jennifer State Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Annette T Fitzsimmons Ps Legal | 12/30/23 | $288,162 |
Carney Badley Spellman Ps Legal | 12/30/23 | $169,499 |
Alliances Northwest Lobbying | 12/30/23 | $123,413 |
Real Strategy Group Llc Data Research | 12/30/23 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,123,580 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,600,434 |
| Total Program Service Revenue | $499,990 |
| Investment income | $219,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,083 |
| Net Gain/Loss on Asset Sales | $1,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,378,410 |
| 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. | $875,301 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,334,299 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $304,735 |
| Payroll taxes | $156,292 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225,186 |
| Fees for services: Accounting | $44,390 |
| Fees for services: Lobbying | $123,413 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,716 |
| Fees for services: Other | $343,068 |
| Advertising and promotion | $0 |
| Office expenses | $163,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,457 |
| Travel | $80,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,920 |
| Insurance | $91,237 |
| All other expenses | $0 |
| Total functional expenses | $7,194,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,091 |
| Savings and temporary cash investments | $1,311,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,064 |
| 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 | $196,076 |
| Net Land, buildings, and equipment | $5,066,793 |
| Investments—publicly traded securities | $9,518,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,435,477 |
| Accounts payable and accrued expenses | $424,499 |
| Grants payable | $0 |
| Deferred revenue | $1,884,373 |
| 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 | $2,157,690 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,466,562 |
| Net assets without donor restrictions | $11,968,915 |
| 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 | $16,435,477 |