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Nonprofiteer
← VERMONT ASSOCIATION OF REALTORS INC

Form 990 for tax year 2023

Filed by VERMONT ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$1,024,452
Total expenses
$914,543
Contributions and grants received
$0
Grants paid
$16,100
Program service revenue
$997,843
Investment income
-$116,504
Other revenue
$143,113
Total assets, end of year
$1,976,162
Total liabilities, end of year
$669,047
Net assets or fund balances, end of year
$1,307,115
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.

  • 2a · Program service revenue: Education

    total $84,814 · related or exempt $84,814

  • 2b · Program service revenue: Local Board Service

    total $112,513 · related or exempt $112,513

  • 2c · Program service revenue: Meetings & Events

    total $64,505 · related or exempt $64,505

  • 2d · Program service revenue: Membership Dues & Assessments

    total $723,238 · related or exempt $723,238

  • 2e · Program service revenue: Other pogram service reve

    total $10,773 · related or exempt $10,773

  • 2f · All other program service revenue

    total $2,000 · related or exempt $2,000

  • 3 · Investment income

    total $35,599 · related or exempt $35,599

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $7,875

  • 6b · Less rental expenses

    real property $19,684

  • 6c · Rental income or loss

    real property -$11,809

  • 6d · Net rental income or loss

    total -$11,809 · unrelated business -$11,809

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

    other assets $152,103

  • 7c · Gain or loss

    other assets -$152,103

  • 7d · Net gain or loss

    total -$152,103 · unrelated business -$152,103

  • 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: Flood recovery proceeds

    total $154,922 · related or exempt $116,191 · unrelated business $38,731

  • 11e · Other revenue, total

    $154,922

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,100

  • 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 $140,415

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $208,642

  • 8 · Pension plan contributions

    total $4,166

  • 9 · Other employee benefits

    total $37,243

  • 10 · Payroll taxes

    total $28,708

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,880

  • 11c · Fees: accounting

    total $41,700

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $33,000

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $26,786

  • 14 · Information technology

    total $3,900

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $55,148

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $3,969

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $7,856

  • 23 · Insurance

    total $11,516

  • 24a · Other expenses: Meetings & events

    total $93,990

  • 24b · Other expenses: Administration

    total $81,210

  • 24c · Other expenses: Education and certification

    total $43,972

  • 24d · Other expenses: Repairs & maintenance

    total $27,983

  • 24e · All other expenses

    total $46,359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $826,711 · end of year $659,098

  • 2 · Savings and temporary cash investments

    beginning of year $301,000 · end of year $426,000

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $10,644 · end of year $12,405

  • 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 $16,599 · end of year $2,328

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

    $537,665

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

    $201,089

  • 10c · Land, buildings and equipment, net

    beginning of year $423,712 · end of year $336,576

  • 11 · Investments: publicly traded securities

    beginning of year $261,403 · end of year $405,779

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $277,156 · end of year $133,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,130 · end of year $35,528

  • 19 · Deferred revenue

    beginning of year $642,610 · end of year $633,519

  • 23 · Secured mortgages and notes payable

    beginning of year $220,128

  • 27 · Net assets without donor restrictions

    beginning of year $955,201 · end of year $1,173,248

  • 28 · Net assets with donor restrictions

    beginning of year $277,156 · end of year $133,867

Mission and programs · 2023

Mission

The Mission of the Organization is to serve its members by providing resources that help them deliver real estate services in an ethical and professional manner as well as to advocate for the rights of property owners in Vermont.

  • Provides members with access to industry information, professional development resources, technology resources and other benefits to support the Vermont Realtor members.

  • Continuing education is provided through an extensive schedule of classes on regulatory topics which assist members in maintaining their licensing requirements.

  • The Organization offers an annual conference along with other meetings throughout the year to provide professional development seminars and information on market and industry trends from national speakers.

As filed on the 2023 return.

Listed in Part VII

  • Kathy Sweeten

    CEO

    Total calculated
    $128,415
    From this org
    $128,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Peluso

    President

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Barbara Trousdale

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Alison Cummings

    NAR Director

    Total calculated
    $0
    Hours/week
    1

  • Nancy Liberatore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Meg McGovern

    At-Large Comm R

    Total calculated
    $0
    Hours/week
    1

  • Mike Hickey

    Past President

    Total calculated
    $0
    Hours/week
    1

  • Brian Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Claudia Harris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robbi Holmes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Corey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrice Schneider

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Meyer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steve Poulin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joanne Kent

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Libby

    NAR DSA

    Total calculated
    $0
    Hours/week
    1

  • TG Glazer

    Pres Council Re

    Total calculated
    $0
    Hours/week
    1

  • Steven P Foster

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • David Raphael

    NAR Director

    Total calculated
    $0
    Hours/week
    1

  • Gary Coger

    Director

    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.

Grants 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
28 January 2025
IRS schema version
2023v6.0
Source object
202510289349301111

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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