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← DULLES AREA ASSOCIATION OF REALTORS

Form 990 for tax year 2023

Filed by DULLES AREA ASSOCIATION OF REALTORS.

Totals

Total revenue
$670,326
Total expenses
$772,847
Contributions and grants received
$63,692
Grants paid
$0
Program service revenue
$552,873
Investment income
$44,819
Other revenue
$8,942
Total assets, end of year
$1,065,363
Total liabilities, end of year
$558,708
Net assets or fund balances, end of year
$506,655
Program services expenses (Part IX)
$437,214
Management and general expenses
$165,799
Fundraising expenses
$169,834
Program service expenses (Part III)
not reported

Program services were 56.6% 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

    $63,692

  • 2a · Program service revenue: DUES AND FEES:LOCAL DUES

    total $394,405 · related or exempt $394,405

  • 2b · Program service revenue: DUES AND FEES:SENTRILOCK KEY

    total $76,208 · related or exempt $76,208

  • 2c · Program service revenue: DAAR SCHOOL

    total $24,185 · related or exempt $24,185

  • 2d · Program service revenue: DUES AND FEES:APPLICATION FEE

    total $18,480 · related or exempt $18,480

  • 2e · Program service revenue: MEMBER SERVICES - OTHER

    total $12,095 · related or exempt $12,095

  • 2f · All other program service revenue

    total $27,500 · related or exempt $27,500

  • 3 · Investment income

    total $44,819 · excluded $44,819

  • 10a · Gross sales of inventory

    $41,294

  • 10b · Cost of goods sold

    $32,352

  • 10c · Net income from sales of inventory

    total $8,942 · excluded $8,942

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $116,769 · program services $65,391 · management and general $17,515 · fundraising $33,863

  • 7 · Other salaries and wages

    total $187,651 · program services $105,084 · management and general $28,148 · fundraising $54,419

  • 9 · Other employee benefits

    total $37,828 · program services $21,183 · management and general $5,674 · fundraising $10,971

  • 10 · Payroll taxes

    total $23,343 · program services $13,073 · management and general $3,501 · fundraising $6,769

  • 11b · Fees: legal

    total $9,700 · program services $9,700

  • 11c · Fees: accounting

    total $51,517 · management and general $51,517

  • 11f · Fees: investment management

    total $1,937 · management and general $1,937

  • 11g · Fees: other

    total $1,500 · program services $1,500

  • 12 · Advertising and promotion

    total $14,175 · fundraising $14,175

  • 13 · Office expenses

    total $20,661 · program services $11,570 · management and general $3,099 · fundraising $5,992

  • 14 · Information technology

    total $35,416 · program services $19,833 · management and general $5,312 · fundraising $10,271

  • 16 · Occupancy

    total $165,358 · program services $115,750 · management and general $24,804 · fundraising $24,804

  • 17 · Travel

    total $21,790 · program services $7,844 · management and general $7,627 · fundraising $6,319

  • 19 · Conferences, conventions and meetings

    total $33,050 · program services $33,050

  • 22 · Depreciation, depletion and amortization

    total $18,300 · program services $12,891 · management and general $3,158 · fundraising $2,251

  • 24a · Other expenses: DAAR SCHOOL EXPENSE

    total $20,345 · program services $20,345

  • 24b · Other expenses: BANK AND MERCHANT FEES

    total $13,507 · management and general $13,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,613 · end of year $75,274

  • 2 · Savings and temporary cash investments

    beginning of year $160,562 · end of year $11,008

  • 4 · Accounts receivable

    beginning of year $1,462 · end of year $5,936

  • 8 · Inventories for sale or use

    beginning of year $7,606 · end of year $7,483

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,501 · end of year $33,435

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

    $142,770

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

    $100,109

  • 10c · Land, buildings and equipment, net

    beginning of year $60,962 · end of year $42,661

  • 12 · Investments: other securities

    beginning of year $518,701 · end of year $536,736

  • 13 · Investments: program-related

    beginning of year $15,459 · end of year $15,459

  • 15 · Other assets

    beginning of year $448,841 · end of year $337,371

  • 17 · Accounts payable and accrued expenses

    beginning of year $124,763 · end of year $86,439

  • 19 · Deferred revenue

    beginning of year $128,224 · end of year $108,557

  • 25 · Other liabilities

    beginning of year $465,509 · end of year $363,712

  • 31 · Retained earnings, endowment or other funds

    beginning of year $606,211 · end of year $506,655

Mission and programs · 2023

Mission

TO SERVE THOSE IN THE REAL ESTATE PROFESSION, IN LOUDOUN COUNTY, VA AND THE SURROUNDING AREA, BY PROVIDING A UNIFIED MEDIUM FOR REAL ESTATE PROFESSIONALS AND OWNERS TO SAFEGUARD AND ADVANCE THEIR MUTUAL INTERESTS, AND TO PROMOTE THE STANDARDS OF THE NATIONAL ASSOCIATION OF REALTORS.

  • EDUCATION/SEMINARS/NEWSLETTERS: THE ASSOCIATION HOLDS CLASSES AND SEMINARS AND PROVIDES EDUCATIONAL AND INFORMATIVE NEWSLETTERS TO ITS MEMBERS.

  • COMMITTEES AND MEETINGS: THE ASSOCIATION HAS SEVERAL MEETINGS EACH YEAR, AND SERVES ON SEVERAL DIFFERENT COMMITTEES, AT BOTH THE LOCAL AND REGIONAL LEVELS.

  • OFFICE USE/INTERNET ACCESSIBILITY: THE ASSOCIATION PROVIDES OFFICE SPACE FOR MEETINGS, AS WELL AS INTERNET ACCESS AND A WEBSITE FOR THE SHARING OF INFORMATION.

  • GROWTH ISSUES/GOVERNMENT AFFAIRS: THE ASSOCIATION INCURS EXPENSES RELATED TO MAINTAINING A CURRENT UNDERSTANDING OF DEVELOPMENT ISSUES IN ECONOMIC GROWTH AND GOVERNMENT AFFAIRS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allan Marteney

    CEO

    Total calculated
    $37,654
    From this org
    $37,654
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ida Dennis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.75

  • Peter Leonard Morgan

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    0.75

  • Robin Frank

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75

  • Victor Beltran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chelsea Betah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Candice Bower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Meg Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Omni Casey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Suzanne Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Hoskins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Keren Jayne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Kamil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Kroner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Shawn Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chloe Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Charisma Ware

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.0
Source object
202442999349300919

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