West Hawaii Assn Of Realtors
- Assets
- $720.0k
- Revenue
- $481.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Kailua Kona, HI
- Founding
- 07/1988
- Data as of
- 12/2022
- EIN
- 99-0148021
Organization Overview
West Hawaii Assn Of Realtors is located in Kailua Kona, HI. The organization was established in 1988. 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, West Hawaii Assn Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Hawaii Assn 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 12/2022, West Hawaii Assn Of Realtors generated $481.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $443.3k during the year ending 12/2022. While expenses have increased by 7.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REALTOR ASSOCIATION REPRESENTING THE WESTERN HALF OF THE ISLAND OF HAWAII.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: WE PROVIDE QUALITY CONTINUING EDUCATION COURSES FOR REALTORS. WE OFFER A VARIETY OF EDUCATIONAL PROGRAMS, INCLUDING NAR DESIGNATION CLASSES SUCH AS ACCREDITED BUYER REPRESENTATIVE (ABR), AND GRADUATE REALTOR INSTITUTE (GRI) CLASSES. WE ALSO OFFER STRATEGIES OF LISTING, FINANCE AND PURCHASE CONTRACT CLASSES FOR BOTH NEW AND EXPERIENCED AGENTS. WE CONTINUE TO LOOK FOR ADDITIONAL CLASSES TO HELP OUR MEMBERS GET THE MOST FROM THEIR REAL ESTATE BUSINESS. MOST OF OUR CONTINUING EDUCATION COURSES ARE ALSO AVAILABLE ONLINE. KONAREALTORS.COM: OUR WEBSITE IS DESIGNED TO BE A GREAT RESOURCE FOR BOTH REALTORS, AND FOR THE GENERAL PUBLIC. WE OFFER ONLINE PRODUCTS, USEFUL LINKS AND HELPFUL RESOURCES FOR OUR REALTOR MEMBERS. MEMBERS OF THE GENERAL PUBLIC LOOKING FOR A REALTOR OR WANTING TO SEARCH THE PUBLIC PORTION OF HAWAII INFORMATION SERVICE CAN DO SO ON OUR WEBSITE. THERE IS ALSO A LINK TO NATIONAL ASSOCIATION OF REALTORS WEBSITE, WITH FIELD GUIDES, STATISTICS AND OTHER GREAT TOOLS FOR REALTORS. CARAVANS: EVERY THURSDAY MORNING AT 8:30 AM, REALTORS MEET IN KONA TO NETWORK WITH EACH OTHER AND PREVIEW NEW PROPERTY LISTINGS. WE BELIEVE THAT IN ORDER TO FULFILL THEIR FIDUCIARY DUTIES TO THEIR CLIENTS, PROFESSIONAL REALTORS NEED TO KNOW THE CURRENT INVENTORY OF AVAILABLE PROPERTIES ON THE MARKET. THE SECOND WEDNESDAY OF EACH MONTH AT 8:30 A.M., THERE IS A KAU CARAVAN FOR LISTINGS LOCATED IN THE SOUTHERN PART OF THE BIG ISLAND. THERE IS ALSO A NORTH HAWAII CARAVAN FOR LISTINGS LOCATED IN THE NORTHERN PART OF THE BIG ISLAND. OUR MEMBERS CAN VISIT THE KONA BOARD WEBSITE AT ANY TIME TO ENTER NEW LISTINGS AND TO PREVIEW THE CURRENT WEEKS CARAVAN LISTINGS. BOARD STORE: THE WEST HAWAII ASSOCIATION OF REALTORS STORE HAS A WIDE VARIETY OF PRODUCTS AVAILABLE FOR REALTORS, SUCH AS SIGNS, SENTRILOCK LOCKBOXES AND NUMEROUS OTHER ITEMS TYPICALLY NEEDED BY REALTORS FOR THEIR BUSINESS. IF YOURE LOOKING FOR SOMETHING IN PARTICULAR, AND YOU DONT SEE IT IN OUR BOARD STORE, LET US KNOW AND WE MAY BE ABLE TO ORDER IT FOR YOU. YOU CAN ALSO CHECK OUT THE PRODUCTS AVAILABLE AT THE ONLINE STORE. ORDER YOUR PRODUCTS ONLINE AND HAVE THEM DELIVERED TO YOUR DOOR SPECIAL EVENTS: WE HAVE MANY EVENTS THAT PROVIDE INFORMATION AND FUN AT THE SAME TIME. FOR EXAMPLE, OUR PAU HANA EVENINGS ARE USUALLY GIVEN ON THE LAST WEDNESDAY OF EVERY MONTH. WE INVITE A SPEAKER TO DISCUSS A CURRENT REAL ESTATE TOPIC OF INTEREST TO OUR MEMBERS FOLLOWED BY REFRESHMENTS AND THE OPPORTUNITY FOR NETWORKING. CHECK OUT THE CALENDAR ON OUR WEBSITE FOR UPCOMING EVENTS. LEGISLATIVE MONITORING: WHAR HAS MEMBERS WHO MONITOR AND REPORT BACK ON VARIOUS LEGISLATIVE GROUPS AT THE COUNTY, STATE AND NATIONAL LEVELS SO THAT OUR MEMBERS CAN BE NOTIFIED AND CALLED TO ACTION WHEN ISSUES AFFECTING US ALL ARE RAISED. LOCAL DISPUTE RESOLUTION: ONE OF THE MOST IMPORTANT BENEFITS OF BEING A REALTOR IS THAT MEMBERS AND THEIR CLIENTS CAN BRING DISPUTES TO THE LOCAL BOARD OFFICE FOR RESOLUTION. CONFERENCE ROOM: WE HAVE A SEPARATE CONFERENCE ROOM AVAILABLE WITH ROOM FOR APPROX. 20 PEOPLE. CALL THE WEST HAWAII AOR OFFICE AT 329-4874 FOR RENTAL TERMS AND AVAILABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Layne Pedro Secretary | OfficerTrustee | 1 | $0 |
Mike Drutar Vice Preside | OfficerTrustee | 1 | $0 |
Lance Owens President | OfficerTrustee | 5 | $0 |
Gretchen Howard Treasurer | OfficerTrustee | 1 | $0 |
Savannah Scott Director | Trustee | 1 | $0 |
Kristin Moreland President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $404,726 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $429,726 |
| Total Program Service Revenue | $40,648 |
| Investment income | $47 |
| 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 | $4,581 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $481,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,612 |
| Grants and other assistance to domestic individuals. | $487 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,258 |
| Compensation of current officers, directors, key employees. | $38,503 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,707 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,235 |
| Payroll taxes | $15,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,377 |
| Fees for services: Accounting | $10,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,797 |
| Office expenses | $17,943 |
| Information technology | $1,334 |
| Royalties | $0 |
| Occupancy | $72,975 |
| Travel | $28,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,212 |
| Insurance | $1,202 |
| All other expenses | $0 |
| Total functional expenses | $443,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,486 |
| 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 | $1,812 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $120,967 |
| Total assets | $720,025 |
| Accounts payable and accrued expenses | $15,524 |
| Grants payable | $0 |
| Deferred revenue | $177,371 |
| 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 | $128,432 |
| Total liabilities | $321,327 |
| Net assets without donor restrictions | $398,698 |
| 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 | $720,025 |