Oregon Association Of Realtors
- Assets
- $11.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Salem, OR
- Founding
- 11/1934
- Data as of
- 12/2020
- EIN
- 93-0495706
Organization Overview
Oregon Association Of Realtors is located in Salem, OR. The organization was established in 1934. 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 12/2020, Oregon Association Of Realtors employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon 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 12/2020, Oregon Association Of Realtors generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 0.9% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE MEMBER'S ABILITY TO CONDUCT THEIR REAL ESTATE RELATED BUSINESS ETHICALLY & COMPETENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION COURSES: OR STRIVES TO BE THE MARKET LEADER IN OREGON REAL ESTATE EDUCATION BY PROVIDING THE HIGHEST VALUE BUSINESS, LEGAL, AND LEGISLATIVE INFORMATION FOR CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OF OUR MEMBERS. WE OFFER MANY PROFESSIONAL DEVELOPMENT COURSES THAT INCLUDE LEADERSHIP COURSES, TECH SEMINARS, MOTIVATIONAL SPEAKERS AND DESIGNATIONS. WE ALSO OFFER CONTINUING EDUCATION THROUGHOUT THE YEAR IN VARIOUS LOCATIONS ACROSS THE STATE.BOARD SERVICES AND ASSOCIATION PUBLICATIONS: THE WORK OF THE ASSOCIATION IS OVERSEEN BY A 15 MEMBER EXECUTIVE COMMITTEE, HEADED BY THE PRESIDENT OF THE ASSOCIATION, AND BY A 100+ MEMBER BOARD OF DIRECTORS, REPRESENTATIVE OF 24 LOCAL ASSOCIATIONS AND BOARDS FROM ACROSS THE STATE. OR IS FUNDED BY ANNUAL MEMBERSHIP DUES, SPECIAL EVENTS, AND SPONSORSHIPS. REAL ESTATE PROFESSIONALS THROUGHOUT OREGON LOOK TO OR AS A LEADING PROVIDER OF HIGH-QUALITY REAL ESTATE BUSINESS SERVICES INCLUDING EDUCATIONAL SEMINARS, RISK MANAGEMENT SERVICES, POLITICAL AND LEGISLATIVE ADVOCACY, AND PROFESSIONAL STANDARDS TRAINING AND ENFORCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Pakula Chief Executive Officer | Officer | 40 | $271,216 |
Lori R Palermo President | OfficerTrustee | 1 | $0 |
Andrew Coleman President Elect | OfficerTrustee | 1 | $0 |
Angela Stuckart District Vice President | OfficerTrustee | 1 | $0 |
Grace Bergen District Vice President | OfficerTrustee | 1 | $0 |
Charles Rorive District Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scarlet Oaks Strategies Government Relations Consulting | 12/30/20 | $110,800 |
Jillions Group Llc Government Relations Consulting | 12/30/20 | $105,000 |
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 | $4,489,460 |
| Investment income | $60,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,997 |
| Net Rental Income | $19,809 |
| Net Gain/Loss on Asset Sales | $76,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,667,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| 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. | $294,335 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,784 |
| Pension plan accruals and contributions | $68,175 |
| Other employee benefits | $146,995 |
| Payroll taxes | $91,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,552 |
| Fees for services: Accounting | $44,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,800 |
| Fees for services: Other | $413,567 |
| Advertising and promotion | $0 |
| Office expenses | $51,975 |
| Information technology | $58,724 |
| Royalties | $0 |
| Occupancy | $182,369 |
| Travel | $70,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,146 |
| Insurance | $8,370 |
| All other expenses | $3,162 |
| Total functional expenses | $2,711,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,725 |
| Savings and temporary cash investments | $5,546,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $101,377 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $91,193 |
| Net Land, buildings, and equipment | $4,023,847 |
| Investments—publicly traded securities | $926,696 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,627 |
| Total assets | $11,114,109 |
| Accounts payable and accrued expenses | $179,447 |
| Grants payable | $0 |
| Deferred revenue | $1,908,336 |
| 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 | $2,264,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,737 |
| Total liabilities | $4,377,709 |
| Net assets without donor restrictions | $6,736,400 |
| 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 | $11,114,109 |
Grants Awarded
Over the last fiscal year, Oregon Association Of Realtors has awarded $40,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salem, OR PURPOSE: DUES DESIGNATED FOR FOUNDATION | $35,890 |
Portland, OR PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oregon Association Of Realtors has recieved totaling $550,000.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $550,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cascade Housing Association Springfield, OR | $88,351,612 | $13,257,660 |
Lasa Lakewood, WA | $5,138,339 | $6,973,268 |
Building Industry Association Of Southern California Inc Irvine, CA | $6,476,815 | $6,103,391 |
Nevada Realtors Reno, NV | $20,648,058 | $6,357,960 |
Western Manufactured Housing Communities Association Sacramento, CA | $5,450,314 | $3,609,962 |
Metro Multifamily Housing Association Tigard, OR | $453,346 | $2,561,856 |
Oregon Association Of Realtors Salem, OR | $11,114,109 | $4,667,767 |
Seattle-King County Association Of Realtors Bellevue, WA | $6,650,634 | $2,261,145 |
Rental Housing Association Of Puget Sound Seattle, WA | $1,686,900 | $1,872,304 |
Southern California Association Of Non-Profit Housing Inc Los Angeles, CA | $1,991,409 | $1,821,513 |
North Bay Association Of Realtors Santa Rosa, CA | $1,865,459 | $1,375,618 |
Home Builders Association Of Tri Cities Washington Kennewick, WA | $3,820,645 | $920,160 |