Salem Association Of Realtors
- Assets
- $605.9k
- Revenue
- $298.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Salem, OR
- Founding
- 11/1951
- Data as of
- 11/2021
- EIN
- 93-6028410
Organization Overview
Salem Association Of Realtors, operating under the name Mid Valley Association Of Realtors, is located in Salem, OR. The organization was established in 1951. 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 11/2021, Mid Valley Association Of Realtors employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Valley 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 11/2021, Mid Valley Association Of Realtors generated $298.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $289.5k during the year ending 11/2021. While expenses have increased by 7.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SALEM ASSOCIATION OF REALTORS IS TO UPHOLD THE REALTOR CODE OF ETHICS, PROTECT, PROMOTE AND ADVOCATE THE INTERESTS OF REAL PROPERTY OWNERSHIP, AND TO EDUCATE AND SERVE OUR MEMBERS AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OFFERED SEMINARS THROUGHOUT THE YEAR TO ASSIST MEMBERS IN MEETING EDUCATION REQUIREMENTS.
MONTHLY MEMBERSHIP MEETINGS HEARD TOPICS OF INTEREST AND KEPT MEMBERS INFORMED OF DEVELOPING ISSUES AND INDUSTRY TRENDS.
THE NEWSLETTER, THE SALEM REALTOR, IS PUBLISHED EVERY MONTH AND A DIRECTORY EVERY YEAR. THESE PROVIDE UP-TO-DATE INFORMATION ON ISSUES, EVENTS, AND NETWORKING AND BUSINESS REFERRALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Wheat-Palm Executive Officer (thru 10/20/21) | Officer | 40 | $58,875 |
Chad Harvey President (thru 4/6/21) | OfficerTrustee | 0.5 | $0 |
Judy Gysin Past President | OfficerTrustee | 0.5 | $0 |
Ashleigh Fordham President (start 4/6/21) | OfficerTrustee | 0.5 | $0 |
Heidi Hazel President Elect | OfficerTrustee | 0.5 | $0 |
Zach Fischer Vice President | OfficerTrustee | 0.5 | $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 | $56,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,583 |
| Total Program Service Revenue | $241,606 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $298,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,523 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,779 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,465 |
| Payroll taxes | $16,182 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,427 |
| Fees for services: Accounting | $7,664 |
| Fees for services: Lobbying | $50 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,298 |
| Advertising and promotion | $333 |
| Office expenses | $23,637 |
| Information technology | $6,692 |
| Royalties | $0 |
| Occupancy | $20,503 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,006 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,717 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $289,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,579 |
| Savings and temporary cash investments | $208,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,085 |
| 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 | $0 |
| Net Land, buildings, and equipment | $258,125 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $605,864 |
| Accounts payable and accrued expenses | $21,652 |
| Grants payable | $0 |
| Deferred revenue | $205 |
| 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 | $20,518 |
| Total liabilities | $42,375 |
| Net assets without donor restrictions | $563,489 |
| 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 | $605,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salem Association Of Realtors has recieved totaling $30,594.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $30,594 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alliance Member Services Inc Santa Cruz, CA | $146,353,326 | $23,122,864 |
Los Angeles County Facilities Inc Seattle, WA | $331,229,816 | $2,374,055 |
550 Corporate Center Investment Group Inc El Segundo, CA | $123,957,933 | $9,348,795 |
National Associaton Of Hispanic Real Estate Professionals San Diego, CA | $3,754,334 | $9,140,386 |
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Pasadena Gateway Willas Corporation Pasadena, CA | $583,745,665 | $12,743,337 |
Tmt Tapestry Naperville Inc San Francisco, CA | $84,971,977 | $6,744,374 |
Tmt Park Bridge Inc San Francisco, CA | $97,828,411 | $6,399,295 |
1541 And 1545 Wilshire Seiu 721 Holdings Llc Los Angeles, CA | $47,586,913 | $3,458,952 |
Tmt Arbors At Fair Lakes Apartments Inc San Francisco, CA | $98,381,662 | $6,062,685 |
Tmt Pointe Plaza Inc San Francisco, CA | $52,280,975 | $4,024,011 |
Salinas Public Facilities Inc Seattle, WA | $71,107,381 | $6,357,794 |