Skip to content
Nonprofiteer
← NORTH CAROLINA ASSOCIATION OF REALTORS INC

Form 990 for tax year 2023

Filed by NORTH CAROLINA ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$12,491,646
Total expenses
$10,802,348
Contributions and grants received
$233,947
Grants paid
$1,121,091
Program service revenue
$11,814,841
Investment income
$417,034
Other revenue
$25,824
Total assets, end of year
$33,550,303
Total liabilities, end of year
$4,743,651
Net assets or fund balances, end of year
$28,806,652
Program services expenses (Part IX)
$10,802,348
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,802,348

Program services were 100.0% 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.

  • 1d · Related organizations

    $227,042

  • 1f · All other contributions, gifts and grants

    $6,905

  • 2a · Program service revenue: DUES & ASSESSMENTS

    total $10,649,509 · related or exempt $10,649,509

  • 2b · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $511,207 · related or exempt $511,207

  • 2c · Program service revenue: EVENT & SEMINAR FEES

    total $390,501 · related or exempt $390,501

  • 2d · Program service revenue: MANAGEMENT SERVICES

    total $177,148 · unrelated business $177,148

  • 2e · Program service revenue: SPONSORSHIPS

    total $86,476 · related or exempt $86,476

  • 3 · Investment income

    total $474,607 · excluded $474,607

  • 7a · Gross sales of assets other than inventory

    securities $4,822,445

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

    securities $4,880,018

  • 7c · Gain or loss

    securities -$57,573

  • 7d · Net gain or loss

    total -$57,573 · related or exempt -$57,573

  • 11a · Other revenue: INSIGHT & WEB ADVERTISING

    total $25,824 · unrelated business $25,824

  • 11e · Other revenue, total

    $25,824

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,115,791 · program services $1,115,791

  • 2 · Grants to domestic individuals

    total $5,300 · program services $5,300

  • 5 · Compensation of officers, directors and key employees

    total $1,461,219 · program services $1,461,219

  • 7 · Other salaries and wages

    total $2,826,555 · program services $2,826,555

  • 11a · Fees: management

    total $466,432 · program services $466,432

  • 11f · Fees: investment management

    total $65,707 · program services $65,707

  • 12 · Advertising and promotion

    total $141,783 · program services $141,783

  • 13 · Office expenses

    total $548,435 · program services $548,435

  • 14 · Information technology

    total $196,383 · program services $196,383

  • 16 · Occupancy

    total $176,243 · program services $176,243

  • 17 · Travel

    total $538,925 · program services $538,925

  • 19 · Conferences, conventions and meetings

    total $1,197,243 · program services $1,197,243

  • 22 · Depreciation, depletion and amortization

    total $208,188 · program services $208,188

  • 23 · Insurance

    total $59,036 · program services $59,036

  • 24a · Other expenses: ISSUE ADVOCACY

    total $998,042 · program services $998,042

  • 24b · Other expenses: FORMS SOFTWARE FOR MEMBER

    total $700,142 · program services $700,142

  • 24c · Other expenses: PAC ADMIN EXPENSE

    total $96,924 · program services $96,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $12,913,084 · end of year $14,467,025

  • 4 · Accounts receivable

    beginning of year $381,706 · end of year $133,898

  • 9 · Prepaid expenses and deferred charges

    beginning of year $453,247 · end of year $510,510

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

    $9,511,648

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

    $2,272,157

  • 10c · Land, buildings and equipment, net

    beginning of year $7,378,144 · end of year $7,239,491

  • 11 · Investments: publicly traded securities

    beginning of year $10,222,280 · end of year $11,194,979

  • 13 · Investments: program-related

    beginning of year $4,000 · end of year $4,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $686,904 · end of year $191,584

  • 19 · Deferred revenue

    beginning of year $4,339,509 · end of year $4,552,067

  • 27 · Net assets without donor restrictions

    beginning of year $26,326,448 · end of year $28,806,652

Mission and programs · 2023

Mission

TO PROMOTE THE COMMON INTEREST OF PRACTICING REALTORS IN THE STATE OF NORTH CAROLINA BY PROVIDING SERVICES AND RESOURCES TO AID IN THEIR SUCCESS.

Activities or mission (Part I)

SEE SCHEDULE O

  • PROMOTED COMMON BUSINESS INTERESTS OF OVER 56,600 PRACTICING REALTOR MEMBERS IN THE STATE OF NORTH CAROLINA BY: PRESERVING AND PROMOTING THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY; MAINTAINING A LEADERSHIP ROLE IN THE LEGISLATIVE, POLITICAL AND REGULATORY PROCESS; PROMOTING AND MAINTAINING THE HIGHEST ETHICAL STANDARDS; DEVELOPING AND PROVIDING THE BEST EDUCATION, PRODUCTS AND SERVICES; PROMOTING HOUSING AFFORDABILITY.

    Expenses $10,802,348 · Grants $1,121,091 · Revenue $11,814,841

As filed on the 2023 return.

Listed in Part VII

  • Andrea Bushnell

    CEO (NON-VOT

    Total calculated
    $515,243
    From this org
    $477,885
    From related orgs
    $0
    Other
    $37,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $434,056
    Bonus
    $43,600
    Other
    $229
    Deferred
    $17,748
    Nontaxable benefits
    $19,610
    Filer's total
    $515,243
  • Mark Zimmerman

    SR VICE PRES

    Total calculated
    $262,941
    From this org
    $239,098
    From related orgs
    $0
    Other
    $23,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,480
    Bonus
    $12,500
    Other
    $118
    Deferred
    $13,034
    Nontaxable benefits
    $10,809
    Filer's total
    $262,941
  • Bryan M Jenkins

    CFO

    Total calculated
    $219,715
    From this org
    $195,350
    From related orgs
    $0
    Other
    $24,365
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,712
    Bonus
    $12,500
    Other
    $138
    Deferred
    $11,152
    Nontaxable benefits
    $13,213
    Filer's total
    $219,715
  • Jessica Hughes

    COO

    Total calculated
    $188,635
    From this org
    $171,312
    From related orgs
    $0
    Other
    $17,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,222
    Bonus
    $15,000
    Other
    $90
    Deferred
    $9,327
    Nontaxable benefits
    $7,996
    Filer's total
    $188,635
  • Caitlin Thompson

    CHIEF LEGAL

    Total calculated
    $178,738
    From this org
    $156,536
    From related orgs
    $0
    Other
    $22,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,982
    Bonus
    $12,500
    Other
    $54
    Deferred
    $8,989
    Nontaxable benefits
    $13,213
    Filer's total
    $178,738
  • Sara McKenzie Allen

    VP COMM & MA

    Total calculated
    $168,784
    From this org
    $152,492
    From related orgs
    $0
    Other
    $16,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,938
    Bonus
    $12,500
    Other
    $54
    Deferred
    $8,296
    Nontaxable benefits
    $7,996
    Filer's total
    $168,784
  • Mary T Lowe

    VP MEMBER EN

    Total calculated
    $133,431
    From this org
    $126,604
    From related orgs
    $0
    Other
    $6,827
    Hours/week
    40
  • Kristin Nash

    DIRECT POL F

    Total calculated
    $123,371
    From this org
    $109,416
    From related orgs
    $0
    Other
    $13,955
    Hours/week
    40
  • Donna Peterson

    EXECUTIVE AS

    Total calculated
    $113,249
    From this org
    $100,773
    From related orgs
    $0
    Other
    $12,476
    Hours/week
    40
  • Linda Bridges

    CONTROLLER

    Total calculated
    $112,056
    From this org
    $102,055
    From related orgs
    $0
    Other
    $10,001
    Hours/week
    40
  • Ernest Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brittany Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Charles Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karen Allred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marvette Artis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dennis Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kim Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • James Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Margaret Bartlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Aric B Beals

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Emily Bish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Toney Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Colleen Blondell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Olita Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carol Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Zachary Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Doug Brindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Leigh Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Cindie Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brett Bushnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brooke Cashion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bobbie Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Renee Cooney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marisol Correa-Barbosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Codjo Cossou

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sofia Crisp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Allen Dargins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rusty Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly L Dawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sharon Dawson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Randy Dockery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Harriette H Doggett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Hunter Donaldson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rachel Elliott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Treasure Faircloth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jennifer L Frontera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Peter Gallo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Megan Gerber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Randall Gooding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Symantha Gragg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Billie Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christy Grifaldo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lewis E Grubbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tony Harrington

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • Wendy Harris

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Cindi Hastings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brenda D Hayden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Connie Hedrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Beth Helton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Wendi Hensel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Martin Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cindy Hope

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tori Humphrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Edward F Baesel III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ann Marie Janni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tiffany Johannes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Erin Jolly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Frank S Deronja Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Taylor Kastner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Kendall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Laurie Knudsen

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Madalyn Kunow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Zachary Lilly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Laurie Linder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Suzanne London

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Todd D Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christine Mallette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Onyx Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Massey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tim McBrayer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jonathan McBride

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Paul McGill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Melissa McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Hilburn Michel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steven Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Muir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Benjamin Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carol Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sallie Myrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Beverly F Newell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Noyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John T Ogburn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Natalie Painter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mark Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amanda Parmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Patneaude

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Robert Bob Percesepe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nathan Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Talvia Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Caleb Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • April Pike

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Teresa Pitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Erika Pittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mary-Beth Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karen Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cathy Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ginger Robles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brooke Rudd-Gaglie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ea Ruth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cynthia Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Sattelmeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amanda Smith

    DIECTOR

    Total calculated
    $0
    Hours/week
    2
  • James Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Karleta Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Renee K Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tom Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Charisma Southerland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • William Spurrier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Callie Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Donathon Stover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kelly Stuart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jay Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Larry Terry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Derrick Thornton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Linda Trevor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kirby Troutman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joshua Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tim Upchurch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Katie Wangrin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Towanda Wilkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Patrice Willetts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brooks Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Debbie Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Leslie M Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Susan Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marshall Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Emily Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Wood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Melissa Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jonathan Yeatts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jamie Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Myra Zollinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • 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 · Form 990 of other organizations
  • 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

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.

  • NC HOUSING OPPORTUNITY FOUNDATION

    501 · HOUSING · NC

    Directly controlled by NA

  • NEIGHBORS HELPING NORTH CAROLINA (FORMERLY NC PROPERTY RIGHTS FUND)

    527 · ADVOCACY · NC

    Directly controlled by NA

  • NC REALTORS POLITICAL ACTION COM

    527 · ADVOCACY · NC

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.

  • NCAR SERVICE CORPORATION INC

    SERVICE · NC

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2024
IRS schema version
2023v5.0
Source object
202433059349300408

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

The source document this was parsed from is served over the API, which is where bulk and document access live.