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← COLUMBUS ASSOCIATION OF REALTORS

Form 990 for tax year 2022

Filed by COLUMBUS ASSOCIATION OF REALTORS.

Totals

Total revenue
$3,492,034
Total expenses
$3,475,698
Contributions and grants received
$10,904
Grants paid
$73,000
Program service revenue
$3,040,274
Investment income
$7,893
Other revenue
$432,963
Total assets, end of year
$9,407,873
Total liabilities, end of year
$2,015,447
Net assets or fund balances, end of year
$7,392,426
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$3,475,698

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

    $10,904

  • 2a · Program service revenue: MEMBERSHIP DUES & FEES

    total $2,708,205 · related or exempt $2,708,205

  • 2b · Program service revenue: PRESIDENT'S BALL

    total $131,146 · related or exempt $131,146

  • 2c · Program service revenue: OTHER EXEMPT FUNCTION REVENUES

    total $64,044 · related or exempt $64,044

  • 2d · Program service revenue: CONTINUING EDUCATION

    total $52,230 · related or exempt $52,230

  • 2e · Program service revenue: SUBSCRIPTION INCOME

    total $42,304 · related or exempt $42,304

  • 2f · All other program service revenue

    total $42,345 · related or exempt $42,345

  • 3 · Investment income

    total $45,840 · excluded $45,840

  • 5 · Royalties

    total $56,364 · excluded $56,364

  • 6a · Gross rents

    real property $179,900

  • 6b · Less rental expenses

    real property $167,894

  • 6c · Rental income or loss

    real property $12,006

  • 6d · Net rental income or loss

    total $12,006 · unrelated business $12,006

  • 7a · Gross sales of assets other than inventory

    securities $1,294,376

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

    securities $1,332,323

  • 7c · Gain or loss

    securities -$37,947

  • 7d · Net gain or loss

    total -$37,947 · excluded -$37,947

  • 10a · Gross sales of inventory

    $150,848

  • 10b · Cost of goods sold

    $102,588

  • 10c · Net income from sales of inventory

    total $48,260 · related or exempt $48,260

  • 11a · Other revenue: MEMBER SERVICE CENTER

    total $251,332 · unrelated business $251,332

  • 11b · Other revenue: ADVERTISING

    total $64,894 · unrelated business $64,894

  • 11c · Other revenue: UNRELATED FEDERAL INCOME TAX

    total $107 · unrelated business $107

  • 11e · Other revenue, total

    $316,333

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $73,000

  • 5 · Compensation of officers, directors and key employees

    total $121,194

  • 7 · Other salaries and wages

    total $892,161

  • 8 · Pension plan contributions

    total $39,633

  • 9 · Other employee benefits

    total $189,932

  • 10 · Payroll taxes

    total $78,883

  • 11b · Fees: legal

    total $68,502

  • 11c · Fees: accounting

    total $39,996

  • 11f · Fees: investment management

    total $19,219

  • 13 · Office expenses

    total $100,053

  • 14 · Information technology

    total $54,369

  • 16 · Occupancy

    total $185,239

  • 17 · Travel

    total $138,063

  • 19 · Conferences, conventions and meetings

    total $161,066

  • 21 · Payments to affiliates

    total $493,723

  • 22 · Depreciation, depletion and amortization

    total $114,509

  • 23 · Insurance

    total $4,738

  • 24a · Other expenses: PRESIDENT'S BALL EXPENS

    total $138,783

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $128,419

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $122,027

  • 24d · Other expenses: PUBLIC RELATIONS

    total $108,063

  • 24e · All other expenses

    total $204,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,200 · end of year $1,199

  • 2 · Savings and temporary cash investments

    beginning of year $2,348,022 · end of year $2,768,568

  • 4 · Accounts receivable

    beginning of year $509,808 · end of year $28,568

  • 8 · Inventories for sale or use

    beginning of year $39,496 · end of year $30,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,933 · end of year $80,238

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

    $3,771,481

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

    $2,290,977

  • 10c · Land, buildings and equipment, net

    beginning of year $1,474,185 · end of year $1,480,504

  • 11 · Investments: publicly traded securities

    beginning of year $2,803,394 · end of year $2,520,192

  • 12 · Investments: other securities

    beginning of year $2,647,990 · end of year $2,497,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,295 · end of year $114,691

  • 19 · Deferred revenue

    beginning of year $1,835,067 · end of year $1,900,756

  • 27 · Net assets without donor restrictions

    beginning of year $7,755,073 · end of year $7,386,968

  • 28 · Net assets with donor restrictions

    beginning of year $7,593 · end of year $5,458

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • PROFESSIONAL DEVELOPMENT/EDUCATION - A FULL SERVICE ASSOCIATION, THE COLUMBUS ASSOCIATION OF REALTORS OFFERS REALTORS A WIDE VARIETY OF CONTINUING EDUCATION COURSES, BOTH RESIDENTIAL AND COMMERCIAL, COMPUTER TRAINING CLASSES ON TOPICS INCLUDING THE MLS SOFTWARE, COLUMBUS ASSOCIATION OF REALTORS FLEX/MLS, AS WELL AS SEMINARS, LECTURES AND ROUNDTABLE PROGRAMS.

    Expenses $3,475,698 · Grants $73,000 · Revenue $3,088,534

  • COMMITTEES & EVENTS - REALTORS ARE INVITED TO PARTICIPATE IN THE MORE THAN 30 COMMITTEES AT THE ASSOCIATION OR ONE OF THE MANY SPECIAL PROGRAMS PRODUCED BY THE COLUMBUS ASSOCIATION OF REALTORS, SUCH AS FORECAST NIGHT (JANUARY), AWARDS NIGHT (APRIL), OR THE COLUMBUS ASSOCIATION OF REALTORS PRESIDENT'S BALL (DECEMBER).

  • SUPPORT SERVICES & BENEFITS - PROVIDE ACCESS TO PROGRAMS AND SERVICES REAL ESTATE PROFESSIONALS NEED TO SUCCEED AND TO RECOGNIZE CENTRAL OHIO REAL ESTATE PROFESSIONALS FOR A NUMBER OF NOTEWORTHY ACTIVITIES INCLUDING INDUSTRY AS WELL AS COMMUNITY INVOLVEMENT.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sue Van Woerkom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25

  • Patti-Brown Wright

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    15

  • Scott Hrabcak

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Buffie Patterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Michael Jones

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Sue Berg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Terry Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Gloria Cannon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Josh Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Elton Davis Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brittany Eddy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ben Hemmert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jason Hottle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Valerie Langhirt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Lari Madosky-Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Sarah Martie

    DIRECOTR

    Total calculated
    $0
    Hours/week
    4

  • Emily Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Erin Ogden Oxender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Louise Potter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Travis Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Dan Sheeran Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Venessa Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Shaun Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Angie Tanner-Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Erika Watkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Jay Zollars

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Brent Swander

    CEO

    Total calculated
    $121,194
    From this org
    $121,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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 1A
UNDER CERTAIN CIRCUMSTANCES, THE COLUMBUS ASSOCIATION OF REALTORS REIMBURSES TRAVEL EXPENSES FOR THE SPOUSES OF THE PRESIDENT, PRESIDENT ELECT, AND THE CHIEF EXECUTIVE OFFICER. NO AMOUNT IS INCLUDED IN WAGES WHERE TRAVEL REIMBURSEMENTS ARE FOR SPOUSES HAVING A BUSINESS PURPOSES IN CONNECTION WITH THE TRAVEL. THE BOARD OF DIRECTORS OF THE COLUMBUS ASSOCIATION OF REALTORS APPROVED MEMBERSHIP DUES TO THE ATHLETIC CLUB OF COLUMBUS FOR THE CEO. THIS MEMBERSHIP IS USED FOR BUSINESS PURPOSES, INCLUDING BOARD MEETINGS AND ENTERTAINING INDIVIDUALS WITH WHICH THE ORGANIZATION HAS A BUSINESS PURPOSE. TO THE EXTENT THAT A MEMBERSHIP IS USED FOR PERSONAL PURPOSES, THE RESPECTIVE EMPLOYEE IS REQUIRED TO REIMBURSE THE ORGANIZATION FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP.

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

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.

  • CENTRAL OHIO REALTORS POLITICAL ACTION COMMITTEE

    527 · LOCAL POLITICAL ACTION COMMITTEE · OH

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.

  • MULTIPLE LISTING SERVICE OF THE COLUMBUS BOARD OF REALTORS INC

    C · LISTING SERVICE · OH · 100% owned

    Directly controlled by COLUMBUS ASSOCIATION OF REALTORS

  • REAL ESTATE WEEKLY INC

    C · FREE WEEKLY NEWSPAPER · OH · 100% owned

    Directly controlled by COLUMBUS ASSOCIATION OF REALTORS

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2023
IRS schema version
2022v5.0
Source object
202331949349301813

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