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← TUCSON ASSOCIATION OF REALTORS INC

Form 990 for tax year 2023

Filed by TUCSON ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$3,605,207
Total expenses
$2,505,351
Contributions and grants received
$1,737,384
Grants paid
$0
Program service revenue
$114,310
Investment income
$19,514
Other revenue
$1,733,999
Total assets, end of year
$8,691,299
Total liabilities, end of year
$1,114,954
Net assets or fund balances, end of year
$7,576,345
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.

  • 1b · Membership dues

    $1,737,384

  • 2a · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $77,150 · related or exempt $77,150

  • 2b · Program service revenue: FACILITIES RENTAL ACTIVITY

    total $37,160 · related or exempt $37,160

  • 3 · Investment income

    total $18,865 · excluded $18,865

  • 7a · Gross sales of assets other than inventory

    securities $79,495 · other assets $3,167

  • 7b · Less cost or other basis and sales expenses

    securities $82,013

  • 7c · Gain or loss

    securities -$2,518 · other assets $3,167

  • 7d · Net gain or loss

    total $649 · related or exempt $649

  • 11a · Other revenue: ADMINISTRATIVE SERVICES

    total $985,462 · related or exempt $985,462

  • 11b · Other revenue: EARNINGS OF SUBSIDIARY

    total $598,052 · related or exempt $598,052

  • 11c · Other revenue: SPONSOR INCOME

    total $78,222 · related or exempt $78,222

  • 11d · All other revenue

    total $72,263 · related or exempt $68,980 · unrelated business $3,283

  • 11e · Other revenue, total

    $1,733,999

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $195,433

  • 7 · Other salaries and wages

    total $1,092,157

  • 8 · Pension plan contributions

    total $26,973

  • 9 · Other employee benefits

    total $110,663

  • 10 · Payroll taxes

    total $97,491

  • 11b · Fees: legal

    total $23,000

  • 11c · Fees: accounting

    total $13,858

  • 11f · Fees: investment management

    total $4,700

  • 11g · Fees: other

    total $79,800

  • 13 · Office expenses

    total $24,756

  • 17 · Travel

    total $69,905

  • 19 · Conferences, conventions and meetings

    total $6,200

  • 22 · Depreciation, depletion and amortization

    total $78,752

  • 23 · Insurance

    total $9,021

  • 24a · Other expenses: COMMUNITY RELATIONS

    total $238,447

  • 24b · Other expenses: BUILDING EXPENSES

    total $137,335

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $73,245

  • 24d · Other expenses: COMPUTER EXPENSES

    total $54,260

  • 24e · All other expenses

    total $169,355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,389,641 · end of year $2,560,026

  • 2 · Savings and temporary cash investments

    beginning of year $299,294 · end of year $326,612

  • 4 · Accounts receivable

    beginning of year $4,596

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,725 · end of year $35,168

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

    $4,039,208

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

    $1,489,663

  • 10c · Land, buildings and equipment, net

    beginning of year $2,637,542 · end of year $2,549,545

  • 11 · Investments: publicly traded securities

    beginning of year $459,971 · end of year $528,464

  • 12 · Investments: other securities

    beginning of year $1,806,377 · end of year $2,097,153

  • 14 · Intangible assets

    beginning of year $2,040

  • 15 · Other assets

    beginning of year $927,440 · end of year $594,331

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,575 · end of year $93,172

  • 19 · Deferred revenue

    beginning of year $927,440 · end of year $967,241

  • 24 · Unsecured notes and loans payable

    beginning of year $6,804 · end of year $2,210

  • 25 · Other liabilities

    beginning of year $32,591 · end of year $52,331

  • 27 · Net assets without donor restrictions

    beginning of year $6,457,216 · end of year $7,576,345

Mission and programs · 2023

Mission

TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION; PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT; SAFEGUARD OWNERS.

  • TAR IS A MEMBERSHIP ORGANIZATION SERVING THE REALTOR COMMUNITY. THE ACTIVITIES OF TAR CENTER AROUND PROVIDING THE REALTORS WITH EDUCATION, MEMBER ACTIVITIES, AND A COMMUNICATION FORUM.

  • UNITING REAL ESTATE PROFESSIONALS TO ENCOURAGE HIGHER INDUSTRY STANDARDS AND SUPPORT OWNERS.

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

Listed in Part VII

  • Judith Lowe

    CEO

    Total calculated
    $195,433
    From this org
    $195,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $195,433

  • William Arnold

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.75

  • Ann Barmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Kimberly Clifton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.75

  • Danae Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Jodi Koch

    IMMED PAST P

    Total calculated
    $0
    Hours/week
    0.75

  • Patricia Leahy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Victoria Lem

    TRCF LIAISON

    Total calculated
    $0
    Hours/week
    0.75

  • Blaire Lometti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Laura Mance

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75

  • Georgina Plante

    WCR LIAISON

    Total calculated
    $0
    Hours/week
    0.75

  • James Robertson

    CCIM LIAISON

    Total calculated
    $0
    Hours/week
    0.75

  • Janett Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Suzanne Rothman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Cyndi Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Robb Sikes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Catherine Wolfson

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    0.75

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 · Independent compensation consultant
  • 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

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.

  • TUCSON REALTORS CHARITABLE FDN

    501C3 · AZ

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.0
Source object
202442289349303394

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