Form 990 for tax year 2024
Filed by KENTUCKY ASSOCIATION OF REALTORS.
Totals
- Total revenue
- $2,554,367
- Total expenses
- $2,562,059
- Contributions and grants received
- $9,580
- Grants paid
- $0
- Program service revenue
- $2,115,603
- Investment income
- $314,864
- Other revenue
- $114,320
- Total assets, end of year
- $5,838,073
- Total liabilities, end of year
- $1,806,313
- Net assets or fund balances, end of year
- $4,031,760
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$9,580
-
2a · Program service revenue: Convention Revenue
total $52,003 · related or exempt $52,003
-
2b · Program service revenue: Education
total $87,456 · related or exempt $87,456
-
2c · Program service revenue: Meetings
total $6,096 · related or exempt $6,096
-
2d · Program service revenue: Membership Dues
total $1,970,048 · related or exempt $1,970,048
-
3 · Investment income
total $125,245 · excluded $125,245
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $44,660
-
6c · Rental income or loss
real property $44,660
-
6d · Net rental income or loss
total $44,660 · excluded $44,660
-
7a · Gross sales of assets other than inventory
securities $189,619
-
7c · Gain or loss
securities $189,619
-
7d · Net gain or loss
total $189,619 · excluded $189,619
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Communications Consulting
total $22,000 · related or exempt $22,000
-
11b · Other revenue: Leadership
total $18,195 · related or exempt $18,195
-
11c · Other revenue: Miscellaneous Revenue
total $18,075 · related or exempt $18,075
-
11d · All other revenue
total $11,390 · related or exempt $11,390
-
11e · Other revenue, total
$69,660
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $251,095
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $637,777
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $24,513
-
10 · Payroll taxes
total $64,069
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $72,751
-
11c · Fees: accounting
total $124,400
-
11d · Fees: lobbying
total $130,246
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $30,337
-
11g · Fees: other
total $44,892
-
12 · Advertising and promotion
total $132,318
-
13 · Office expenses
total $33,524
-
14 · Information technology
total $51,396
-
15 · Royalties
total $0
-
16 · Occupancy
total $50,982
-
17 · Travel
total $242,698
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $423,506
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $51,239
-
23 · Insurance
total $65,680
-
24a · Other expenses: Bank Fees
total $45,266
-
24b · Other expenses: KY Statewide Statistics
total $32,760
-
24c · Other expenses: Special Projects
total $17,212
-
24d · Other expenses: Contributions
total $9,000
-
24e · All other expenses
total $26,398
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $375,878 · end of year $347,003
-
2 · Savings and temporary cash investments
beginning of year $1,442,130 · end of year $2,939,716
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $107,809 · end of year $141,087
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $36,949 · end of year $63,643
-
10a · Land, buildings and equipment: cost or other basis
$1,759,737
-
10b · Land, buildings and equipment: accumulated depreciation
$465,296
-
10c · Land, buildings and equipment, net
beginning of year $1,288,465 · end of year $1,294,441
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $2,392,965 · end of year $912,318
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $139,865
-
17 · Accounts payable and accrued expenses
beginning of year $172,248 · end of year $250,473
-
19 · Deferred revenue
beginning of year $1,505,718 · end of year $1,555,840
-
27 · Net assets without donor restrictions
beginning of year $3,966,230 · end of year $4,031,760
Mission and programs · 2024
Mission
KENTUCKY REALTORS HELPS PROTECT A MARKETPLACE FOR CONSUMERS TO BUY, OWN AND TRANSFER REAL ESTATE - A SYSTEM THAT IS EMULATED GLOBALLY AND ONE THAT REALTORS DEDICATE THEMSELVES TO PROTECT.
Activities or mission (Part I)
TO PROMOTE UNITY AMONG REALTORS AND TO SUPPORT AND ENHANCE THE ABILITY OF LOCAL BOARD MEMBERS TO SUCCEED IN THEIR BUSINESS IN AN ETHICAL AND COMPETENT MANNER AND, THROUGH A UNITED VOICE, PRESERVE AND ENHANCE THE RIGHTS AND PRIVILEGES OF THE OWNERS OF PRIVATE PROPERTY. KENTUCKY REALTORS HELPS PROTECT A MARKETPLACE FOR CONSUMERS TO BUY, OWN AND TRANSFER REAL ESTATE - A SYSTEM THAT IS EMULATED GLOBALLY AND ONE THAT REALTORS DEDICATE THEMSELVES TO PROTECT.
-
ANNUAL CONVENTION - THE ASSOCIATION IS THE STATEWIDE ORGANIZATION FOR REALTORS AND HAS APPROX. 13,000 MEMBERS. OFFICERS AND DIRECTORS ARE SELECTED BY MEMBERS AT THE ANNUAL CONVENTION.
-
DIRECTORS AND COMMITTEE MEETINGS - DIRECTORS ESTABLISH ASSOCIATION POLICIES AND REVIEW FINANCIAL REPORTS AT QUARTERLY MEETINGS. THE ASSOCIATION IS ALSO REPRESENTED ON THE NATIONAL LEVEL AT THE NATIONAL CONVENTION.
As filed on the 2024 return.
Listed in Part VII
-
Joshua D Summers
Chief Executive Officer
- Total calculated
- $251,095
- From this org
- $239,095
- From related orgs
- $0
- Other
- $12,000
- Hours/week
- 39 + 1.25 related
Schedule J breakdown matched by us
- Base
- $229,095
- Bonus
- $10,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,000
- Filer's total
- $251,095
-
Kyle Tetzlaff
COO
- Total calculated
- $157,692
- From this org
- $157,692
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,692
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $157,692
-
Pam Featherstone
President
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Barbara Curtis
President-Elect
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Ann Elizabeth Delahanty
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Al Blevins
Treasurer-Elect
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Monarch
Imm Past Pres
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Earleene Woods
Sr Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Donna Gordon Willoughby
Sr Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Spicer
Sr Director
- Total calculated
- $0
- Hours/week
- 1
-
Christie Moore
Region 1 Dir.
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David Earls
Region 2 Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Dave Parks
Region 3 Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Kelley Nisbet
Region 4 Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Jen Sendiman
Region 5 Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Hannah Porter
Region 6 Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly Sickles
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Barbara Flannery
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1 + 0.25 related
-
Ron Brossart
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Linda Gibson Cecil
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Janette DeWitt
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Paula Elder
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Donna Gregorich
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Karen Gross
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Brenda Gooslin
Dir. At Large
- Total calculated
- $0
- Hours/week
- 1
-
Lester Sanders
Chair of Past Pres
- Total calculated
- $0
- Hours/week
- 1
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 · Compensation committee
- 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
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
KY Real Estate Education Foundation
501(c)(3) · Education & Support for Members · KY · controlled entity
Directly controlled by Kentucky Association of Realtors Inc
-
KY Realtors Political Action Committee
527 · Political Action Committee · KY · controlled entity
Directly controlled by Kentucky Association of Realtors Inc
-
KY Realtors Relief Foundation Inc
501(c)(3) · Provide Relief for Economic Hardship · KY · controlled entity
Directly controlled by Kentucky Association of Realtors Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349304519
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