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Nonprofiteer
← UTAH ASSOCIATION OF REALTORS

Form 990 for tax year 2024

Filed by UTAH ASSOCIATION OF REALTORS.

Totals

Total revenue
$6,432,434
Total expenses
$4,754,281
Contributions and grants received
$4,422,739
Grants paid
$0
Program service revenue
$402,382
Investment income
$1,107,436
Other revenue
$499,877
Total assets, end of year
$30,178,628
Total liabilities, end of year
$4,524,735
Net assets or fund balances, end of year
$25,653,893
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $4,422,739

  • 2a · Program service revenue: CONVENTION

    total $171,310 · related or exempt $171,310

  • 2b · Program service revenue: PROFESSIONAL STANDARDS INCOME

    total $97,650 · related or exempt $97,650

  • 2c · Program service revenue: FORMS LICENSE INCOME

    total $77,396 · related or exempt $77,396

  • 2d · Program service revenue: UARHOF

    total $56,026 · related or exempt $56,026

  • 3 · Investment income

    total $1,107,436 · excluded $1,107,436

  • 6a · Gross rents

    real property $275,306

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $275,306

  • 6d · Net rental income or loss

    total $275,306 · related or exempt $275,306

  • 8a · Fundraising events: gross income

    $30,495

  • 8b · Fundraising events: direct expenses

    $81,024

  • 8c · Net income from fundraising events

    total -$50,529 · excluded -$50,529

  • 11a · Other revenue: GRANT INCOME

    total $275,000 · related or exempt $275,000

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $100 · related or exempt $100

  • 11e · Other revenue, total

    $275,100

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $950,507

  • 7 · Other salaries and wages

    total $1,403,010

  • 8 · Pension plan contributions

    total $90,851

  • 9 · Other employee benefits

    total $296,005

  • 10 · Payroll taxes

    total $55,351

  • 11b · Fees: legal

    total $98,582

  • 11c · Fees: accounting

    total $27,757

  • 16 · Occupancy

    total $162,533

  • 19 · Conferences, conventions and meetings

    total $555,880

  • 20 · Interest

    total $1,518

  • 22 · Depreciation, depletion and amortization

    total $166,096

  • 24a · Other expenses: MEMBERSHIP SERVICES

    total $796,115

  • 24b · Other expenses: BANK AND CREDIT CARD CH

    total $101,441

  • 24c · Other expenses: SUPPLIES AND OTHER

    total $48,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,322,796 · end of year $10,507,402

  • 2 · Savings and temporary cash investments

    beginning of year $16,060,588 · end of year $16,889,824

  • 4 · Accounts receivable

    beginning of year $40,333 · end of year $43,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $150,152 · end of year $122,085

  • 10a · Land, buildings and equipment: cost or other basis

    $4,892,401

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,276,365

  • 10c · Land, buildings and equipment, net

    beginning of year $2,652,004 · end of year $2,616,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,991 · end of year $655,502

  • 19 · Deferred revenue

    beginning of year $3,618,667 · end of year $3,803,284

  • 25 · Other liabilities

    beginning of year $32,524 · end of year $65,949

  • 27 · Net assets without donor restrictions

    beginning of year $24,001,691 · end of year $25,653,893

Mission and programs · 2024

Mission

THE PURPOSE OF THE UTAH ASSOCIATION OF REALTORS (UAR) IS TO SERVE ITS MEMBERS AND REPRESENT ALL FACETS OF THE REAL ESTATE INDUSTRY BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE MEMBERS' FREEDOM AND ABILITY TO CONDUCT SUCCESSFUL BUSINESSES WITH INTEGRITY AND COMPETENCY AND BY SUING COLLECTIVE ACTION TO PROMOTE THE PRESERVATION AND EXTENSION OF THE RIGHT OT OWN, TRANSFER, AND USE REAL PROPERTY.PROGRAMS TO ACCOMPLISH THE FOREGOING MISSION INCLUDE:1. PUBLIC AWARENESS ADVERTISING DESIGNED TO INFORM THE PUBLIC OF THE SERVICES AND BENEFITS OFFERED BY REALTORS.2. AN ANNUAL STATE CONVENTION WHERE MEMBERS RECEIVE UPDATES ON THE LAWS AND REGULATIONS RELATING TO THE REAL ESTATE INDUSTRY AND RECEIVE TRAINING AND SUPPORT.3. CONFERENCES AND MEETING WITH INDIVIDUAL LOCAL BOARDS AND ASSOCIATIONS.4. OTHER MEMBERS SUPPORT WITH ITS LEGAL RESOURCE CENTER, PROFESSIONAL STANDARDS MONITORING AND COMPLIANCE, AND ADMINISTRATIVE SUPPORT TO ITS UAR HOUSING OPPORTUNITY FUND (SEPARATE TAX ENTITY).

Activities or mission (Part I)

THE PURPOSE OF THE UTAH ASSOCIATION OF REALTORS (UAR) IS TO SERVE ITS MEMBERS AND REPRESENT ALL FACETS OF THE REAL ESTATE INDUSTRY BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE MEMBERS' FREEDOM AND ABILITY TO CONDUCT SUCCESSFUL BUSINESSES WITH INTEGRITY AND COMPETENCY AND BY SUING COLLECTIVE ACTION TO PROMOTE THE PRESERVATION AND EXTENSION OF THE RIGHT OT OWN, TRANSFER, AND USE REAL PROPERTY.

  • PUBLIC & MEMBER AWARENESS CAMPAIGN:DUE TO COMPETITIVE PRESSURE FROM NON-REALTOR ADVOCATES IN CONNECTION WITH THE SALE OF REAL ESTATE, THE UAR CONDUCTS A PUBLIC AND MEMBER AWARENESS CAMPAIGN DESIGNED TO EDUCATE ON THE VALUE OF REALTOR SERVICES, PARTICULARLY TO THE SELLERS OF REAL ESTATE. THIS CAMPAIGN CONSISTS OF PERIODIC RADIO, TV, BILLBOARD, AND OTHER ACTIVITIES THAT GENERATE PUBLICITY RELATING TO THE VALUE OF THESE SERVICES.

  • UAR STATE CONVENTION:THE ANNUAL STATE CONVENTION WAS HELD IN SEPTEMBER OF 2024, IN WHICH ATTENDEES RECEIVED UPDATES ON THE STATUS OF VARIOUS LEGISLATIVE ISSUES IMPACTING THE STATE OF THE REAL ESTATE INDUSTRY, WERE ABLE TO PARTICIPATE IN EDUCATION AND CLASSES NEEDED FOR CONTINUING EDUCATION REQUIREMENTS, AND RECEIVED TRAINING IN VARIOUS LEADERSHIP AND COMMITTEE ASSIGNMENT ACTIVITIES. IN ADDITION, EXECUTIVE COMMITTEE AND ANNUAL MEETINGS WERE HELD AND THE BUSINESS OF THE ASSOCIATION WAS TRANSACTED.

  • CONFERENCES, MEETINGS AND LEADERSHIP TRAINING:ASSOCIATION LEADERSHIP PARTICIPATED IN VARIOUS NATIONAL ASSOCIATION OF REALTORS MEETINGS AND TRAINING SESSIONS NEEDED TO ASSIST THE LOCAL STATE BOARDS AND ASSOCIATIONS. MEETINGS WERE HELD WITH EACH LOCAL BOARD FOR PURPOSES OF TRAINING AND LEADERSHIP DEVELOPMENTS. LEADERSHIP SEMINARS WERE ALSO HELD FOR MEMBERS WITH ASPIRATIONS OF PARTICIPATING IN LEADERSHIP POSITIONS AT BOTH THE STATE AND LOCAL BOARD LEVELS.

  • LEGISLATIVE SUPPORT:AS MORE FULLY DESCRIBED IN SCHEDULE C - POLITICAL CAMPAIGN AND LOBBYING ACTIVITIES, THESE PRORAMS CONSIST OF MONITORING THE STATUS OF PROPOSED LEGISLATION AFFECTING REAL ESTATE, COMMUNICATING POSITIONS WITH RESPECT TO SUCH LEGISLATION, PROVIDING CONTACT OPPORTUNITIES BETWEEN MEMBERS AND THEIR ELECTED REPRESENTATIVES, AND SUPPORTING THE REALTOR POLITICAL ACTION COMMITTEE.

  • OTHER MEMBER SUPPORT:ACTIVITIES INCLUDE THE LEGAL RESOURCE CENTER, WHICH PROVIDES LEGAL ASSISTANCE TO MEMBERS ON A VARIETY OF REAL ESTATE ISSUES, AND PROVIDING PROFESSIONAL STANDARDS TRAINING AND COMPLIANCE MONITORING. IN ADDITION, ADMINISTRATIVE SUPPORT IS PROVIDED TO THE HOUSING OPPORTUNITY FUND, WHICH PROVIDES FINANCIAL ASSISTANCE TO LOW INCOME AND OTHER QUALIFIED BUYERS, AND TO THE GRADUATE REALTOR INSTITUTE, IN CERTIFYING MEMBERS WITH THE GRI DESIGNATION. REVENUES CONSIST OF REIMBURSEMENT FOR A PORTION OF THESE SERVICES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Russ Booth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Morelza Boratzuk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Jim Bringhurst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Miranda Brodston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Shelby Cardall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Lori Chapman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Scott Colemere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Devi Cooper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Hannah Cutler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Randy Day

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Kristy Dimmick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Mari Eddy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Russie Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Laura Fidler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Garth Frandsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Sue Gatchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Amy Gibbons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Lacey Hansen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Tammy Houchen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Gretchen Hudgens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Justin Hutchins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Shannon Kee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Dan Kennedy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Joe Langston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Claire Larson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Lerron Little

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Al Mansell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Alma Mansell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • J Brad Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Steve Nelson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Joanne O'Connell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Rob Ockey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Wyatt Olsen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Russ Orchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Jodie Osofsky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Shelby Palmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Steve Perry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Deanna Robbins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Dave Robison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Lisa Samuels-Simmons

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Jon Schumann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Justin Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Liz Sears

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Jechelle Secretan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Chris Sloan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Randal Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Janice Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Rett James Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Rick Southwick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Adam Speth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Dawn Stevens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Alicia Unruh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Christy Vail

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Blaine Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Denice Waybrant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Caleb Wertz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Michelle Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.6
  • Jed Nilson

    PAST PRESIDENT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Stephanie Taylor

    VICE PRESIDENT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Aaron Drussel

    TREASURER

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Adam Kirkham

    PRESIDENT

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Steven Bond

    PRESIDENT-ELECT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Christopher Kyler

    CEO

    Total calculated
    $908,507
    From this org
    $834,163
    From related orgs
    $0
    Other
    $74,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $554,163
    Bonus
    $280,000
    Other
    $0
    Deferred
    $32,815
    Nontaxable benefits
    $41,529
    Filer's total
    $908,507

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA, SALARY SURVEYS, AND INDEPENDENT DELIBERATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202523219349313562

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