California Association Of Realtors Inc
- Assets
- $141.1m
- Revenue
- $49.8m
- Investments
- $1.0m
- Employees
- 159
- Location
- Los Angeles, CA
- Founding
- 01/1938
- Data as of
- 12/2021
- EIN
- 95-0594790
Organization Overview
California Association Of Realtors Inc is located in Los Angeles, CA. The organization was established in 1938. 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 12/2021, California Association Of Realtors Inc employed 159 individuals. This organization is the central organization for a national or regional group of organizations. California 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 12/2021, California Association Of Realtors Inc generated $49.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $39.2m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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.
Since 2014, California Association Of Realtors Inc has awarded 269 individual grants totaling $39,160,296. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE MEMBERS' ABILITY TO CONDUCT THEIR BUSINESSES SUCCESSFULLY WITH INTEGRITY AND COMPETENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CALIFORNIA ASSOCIATION OF REALTORS IS TO SERVE ITS MEMBERSHIP IN DEVELOPING AND PROMOTING PROGRAMS AND SERVICES THAT WILL ENHANCE THE MEMBERS' FREEDOM AND ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY WITH INTEGRITY AND COMPETENCY, AND THROUGH COLLECTIVE ACTION, TO PROMOTE REAL PROPERTY OWNERSHIP AND THE PRESERVATION OF REAL PROPERTY RIGHTS.THE CALIFORNIA ASSOCIATION OF REALTORS IS A STATEWIDE TRADE ASSOCIATION DEDICATED TO THE ADVANCEMENT OF PROFESSIONALISM IN REAL ESTATE. THE ASSOCIATION DEVELOPS AND PROMOTES PROGRAMS AND SERVICES THAT WILL ENHANCE THE MEMBERS' FREEDOM AND ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY WITH INTEGRITY AND COMPETENCY.(SEE SCH O)AND, THROUGH COLLECTIVE ACTION, PROMOTES THE PRESERVATION OF REAL PROPERTY RIGHTS.
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 |
|---|---|---|---|
Joel S Singer Chief Executive Officer | Officer | 65 | $1,467,176 |
Debra Ferrier Rebs, Llc CEO | Officer | 40 | $570,295 |
Joshua Sharfman Chief Technology & Innovation Officer | Officer | 40 | $485,907 |
June Barlow VP And General Counsel | Officer | 30 | $439,673 |
Richard Shumacher Senior VP | 40 | $364,559 | |
Sanjay Wagle Senior VP | 40 | $332,982 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Randle Communications Communications Fees | 12/30/21 | $220,678 |
Lockton Insurance Brokers Llc Insurance Services | 12/30/21 | $323,909 |
Armanino Llp Consulting/audit/tax/pension Audit | 12/30/21 | $158,618 |
Reed & Davidson Llp Attorneys Service | 12/30/21 | $230,289 |
Elevate Public Affairs Llc Consulting Services | 12/30/21 | $322,768 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $512,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $792,049 |
| Total Program Service Revenue | $39,266,890 |
| Investment income | $2,415,875 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $501,892 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,191,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,632,569 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,796,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,415,566 |
| 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. | $3,975,882 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,261,999 |
| Pension plan accruals and contributions | $2,280,201 |
| Other employee benefits | $1,693,439 |
| Payroll taxes | $1,179,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $514,281 |
| Fees for services: Accounting | $241,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $222,561 |
| Fees for services: Other | $3,111,704 |
| Advertising and promotion | $3,425,354 |
| Office expenses | $1,198,103 |
| Information technology | $0 |
| Royalties | $318,401 |
| Occupancy | $206,384 |
| Travel | $1,231,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423,975 |
| Insurance | $352,990 |
| All other expenses | $1,074,587 |
| Total functional expenses | $39,231,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,106,495 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $745,746 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,462 |
| Prepaid expenses and deferred charges | $465,072 |
| Net Land, buildings, and equipment | $1,097,745 |
| Investments—publicly traded securities | $101,351,245 |
| Investments—other securities | $1,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $59,822 |
| Other assets | $1,229,236 |
| Total assets | $141,130,823 |
| Accounts payable and accrued expenses | $8,023,965 |
| Grants payable | $0 |
| Deferred revenue | $9,818,364 |
| 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 | $3,377,810 |
| Total liabilities | $21,220,139 |
| Net assets without donor restrictions | $119,797,882 |
| Net assets with donor restrictions | $112,802 |
| 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 | $141,130,823 |
Grants Awarded
Over the last fiscal year, California Association Of Realtors Inc has awarded $2,348,904 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: ADVOCACY | $1,000,000 |
Los Angeles, CA PURPOSE: ADVOCACY | $373,200 |
Chicago, IL PURPOSE: DISASTER RELIEF | $200,000 |
SOUTHLAND REGIONAL AOR PURPOSE: ADVOCACY | $113,335 |
GREATER SAN DIEGO AOR PURPOSE: ADVOCACY | $104,069 |
Laguna Hills, CA PURPOSE: ADVOCACY | $58,075 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that California Association Of Realtors Inc has recieved totaling $67,000.
| Awarding Organization | Amount |
|---|---|
California Association Of Realtors Issues Mobilization Pac Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Pacific West Association Of Realtors Inc Anaheim, CA PURPOSE: EVENT SPONSORSHIP | $15,000 |
San Francisco Association Of Realtors Foundation San Francisco, CA PURPOSE: DECEMBER EVENTS SPONSORSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
Hawaii Visitors And Convention Bureau Honolulu, HI | $13,094,236 | $27,417,189 |
Airlines Committee Of Hawaii Inc Honolulu, HI | $51,429,795 | $29,139,681 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Chamber Of Commerce Of Hawaii Honolulu, HI | $2,410,473 | $21,243,686 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |