Portland Metropolitan Association Of Realtors
- Assets
- $16.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Portland, OR
- Founding
- 07/1962
- Data as of
- 11/2023
- EIN
- 93-6031951
Organization Overview
Portland Metropolitan Association Of Realtors is located in Portland, OR. The organization was established in 1962. 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 11/2023, Portland Metropolitan Association Of Realtors employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Metropolitan 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 11/2023, Portland Metropolitan Association Of Realtors generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.1m during the year ending 11/2023. While expenses have increased by 2.6% per year over the past 8 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
THE CORE PURPOSE OF THE PORTLAND METROPOLITAN ASSOCIATION OF REALTORS IS TO PROMOTE AND ENHANCE THE REALTOR MEMBER'S ABILITY TO CONDUCT BUSINESS ETHICALLY, PROFESSIONALLY, AND PROFITABLY WHILE EXHIBITING A HIGH STANDARD OF BUSINESS ETIQUETTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A LOCAL ASSOCIATION WHICH PROVIDES COMMUNITY SERVICES AND EDUCATIONAL OPPORTUNITIES FOR REALTOR MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Kelly President | OfficerTrustee | 1 | $0 |
Lisa Albrecht VP Of Finance | OfficerTrustee | 1 | $0 |
Allie Greiner VP Of Member Services | OfficerTrustee | 1 | $0 |
Cindy Thackery VP Of Professional Develop | OfficerTrustee | 1 | $0 |
Scott Halligan Immediate Past President | OfficerTrustee | 1 | $0 |
Todd Adams Director | Trustee | 1 | $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 | $2,795,087 |
| Investment income | $76,976 |
| 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 | $2,876,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,000 |
| 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. | $452,152 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $557,109 |
| Pension plan accruals and contributions | $12,521 |
| Other employee benefits | $71,669 |
| Payroll taxes | $84,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,063 |
| Advertising and promotion | $136,985 |
| Office expenses | $80,438 |
| Information technology | $13,270 |
| Royalties | $0 |
| Occupancy | $151,159 |
| Travel | $65,240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,842 |
| Insurance | $903 |
| All other expenses | $0 |
| Total functional expenses | $2,053,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,256,953 |
| Savings and temporary cash investments | $2,091,796 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,562 |
| 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 | $11,851 |
| Net Land, buildings, and equipment | $12,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,433,743 |
| Total assets | $16,816,191 |
| Accounts payable and accrued expenses | $6,740 |
| Grants payable | $0 |
| Deferred revenue | $163,628 |
| 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 | $553,634 |
| Total liabilities | $724,002 |
| Net assets without donor restrictions | $16,092,189 |
| 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 | $16,816,191 |
Grants Awarded
Over the last fiscal year, Portland Metropolitan Association Of Realtors has awarded $85,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
REALTORS RELIEF FOUNDATION PURPOSE: TO PROVIDE HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTER. | $25,000 |
RPAC NAR CORPORATE ALLY PROGRAM PURPOSE: TO HELP PROMOTE TARGETED ADVOCACY FOR THE REAL ESTATE INDUSTRY | $10,000 |
BUILDING OUR FUTURE TOGETHER PURPOSE: CAMPAIGN CONTRIBUTION FOR THE 'NO' ON MULTNOMAH COUNTY CAPITAL GAINS TAX | $50,000 |