Sacramento Association Of Realtors Inc
- Assets
- $12.8m
- Revenue
- $3.6m
- Investments
- $2.6m
- Employees
- 36
- Location
- Sacramento, CA
- Founding
- 04/1939
- Data as of
- 12/2022
- EIN
- 94-1541266
Organization Overview
Sacramento Association Of Realtors Inc is located in Sacramento, CA. The organization was established in 1939. 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 12/2022, Sacramento Association Of Realtors Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Association Of Realtors Inc 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 12/2022, Sacramento Association Of Realtors Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 4.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REAL ESTATE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IS ALWAYS A HIGH PRIORITY FOR THE ASSOCIATION. A WIDE RANGEOF COURSES WERE OFFERED TO KEEP MEMBERS UP-TO-DATE ON ALL FACETS OFREAL ESTATE AND PROVIDING THE BEST REPRESENTATION FOR THEIR CLIENTS.CHANGES TO CALIFORNIA REAL ESTATE LAW; SAFETY ON-LINE AND IN PERSON FORREALTORS AND THEIR CLIENTS; THE LATEST IN TECHNOLOGY AND SOCIAL MEDIA;AND ASPECTS OF A CHANGING REAL ESTATE MARKET ARE BUT A FEW EXAMPLES.
THE RETAIL STORE WITHIN THE ASSOCIATION WAS ABLE TO CONTINUE TO OFFER PRODUCTS FOR ITS MEMBERS AT A REDUCED PRICE, WHILE BEING CONVIENENT AND ACCESSABLE TO MEMBERS AND NONMEMBERS.
THE ASSOCIATION CONTINUED TO PROMOTE ETHICS AND PROFESSIONAL STANDARDS TO MEMBERS. SERVICES OFFERED INCLUDE OMBUDSMEN, MEDIATION, AND ARBITRATION FOR THE PROTECTION OF THE PUBLIC AS WELL AS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Stumpf President | OfficerTrustee | 10 | $0 |
Cherie Hunt President Elect | OfficerTrustee | 4 | $0 |
Uljal Singh Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Kellie Swayne Immediate Past President | OfficerTrustee | 2 | $0 |
Jodi Ash Director | Trustee | 2 | $0 |
Johnathan Byers Director | Trustee | 2 | $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 | $20,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,720 |
| Total Program Service Revenue | $3,185,079 |
| Investment income | $93,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $131,799 |
| Net Gain/Loss on Asset Sales | $53,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $74,700 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,590,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,396 |
| 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. | $289,323 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,471,077 |
| Pension plan accruals and contributions | $75,264 |
| Other employee benefits | $187,988 |
| Payroll taxes | $141,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,026 |
| Fees for services: Accounting | $30,462 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,571 |
| Fees for services: Other | $124,807 |
| Advertising and promotion | $2,250 |
| Office expenses | $202,777 |
| Information technology | $67,144 |
| Royalties | $0 |
| Occupancy | $210,288 |
| Travel | $36,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $264,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,369 |
| Insurance | $63,869 |
| All other expenses | $25,371 |
| Total functional expenses | $3,572,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,263,484 |
| Savings and temporary cash investments | $98,985 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $40,418 |
| Prepaid expenses and deferred charges | $38,147 |
| Net Land, buildings, and equipment | $4,368,403 |
| Investments—publicly traded securities | $3,984,295 |
| Investments—other securities | $2,649,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,792 |
| Total assets | $12,753,592 |
| Accounts payable and accrued expenses | $426,610 |
| Grants payable | $0 |
| Deferred revenue | $960,845 |
| 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 | $0 |
| Total liabilities | $1,387,455 |
| Net assets without donor restrictions | $11,366,137 |
| 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 | $12,753,592 |
Grants Awarded
Over the last fiscal year, Sacramento Association Of Realtors Inc has awarded $47,325 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAR CHARITABLE FOUNDATION PURPOSE: GENERAL DONATION | $37,325 |
EL DORADO COMMUNITY FOUNDATION PURPOSE: ONE TIME CONTRIBUTION FOR RELIEF FOR WILDFIRES. | $10,000 |