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Nonprofiteer
← CONNECTICUT ASSOCIATION OF REALTORS INC

Form 990 for tax year 2024

Filed by CONNECTICUT ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$5,557,935
Total expenses
$6,186,736
Contributions and grants received
$4,930,182
Grants paid
$0
Program service revenue
$207,644
Investment income
$390,705
Other revenue
$29,404
Total assets, end of year
$10,881,780
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,881,780
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$2,489,978

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

    $4,930,182

  • 2a · Program service revenue: SPECIAL ACTIVITIES

    total $201,626 · related or exempt $201,626

  • 2b · Program service revenue: CONFERENCES/EDUCATION

    total $3,518 · related or exempt $3,518

  • 2c · Program service revenue: LAW AND POLICY

    total $2,500 · related or exempt $2,500

  • 3 · Investment income

    total $331,960 · excluded $331,960

  • 7a · Gross sales of assets other than inventory

    securities $1,490,164

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

    securities $1,357,265 · other assets $74,154

  • 7c · Gain or loss

    securities $132,899 · other assets -$74,154

  • 7d · Net gain or loss

    total $58,745 · excluded $58,745

  • 11a · Other revenue: SETTLEMENT

    total $15,000 · excluded $15,000

  • 11b · Other revenue: GAIN ON LEASE TERMINATION

    total $14,404 · excluded $14,404

  • 11e · Other revenue, total

    $29,404

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $408,050

  • 7 · Other salaries and wages

    total $1,735,279

  • 8 · Pension plan contributions

    total $172,731

  • 9 · Other employee benefits

    total $201,510

  • 10 · Payroll taxes

    total $148,727

  • 11b · Fees: legal

    total $36,849

  • 11c · Fees: accounting

    total $23,971

  • 11d · Fees: lobbying

    total $107,832

  • 11f · Fees: investment management

    total $50,982

  • 11g · Fees: other

    total $8,098

  • 12 · Advertising and promotion

    total $1,836,950

  • 13 · Office expenses

    total $69,419

  • 14 · Information technology

    total $94,375

  • 16 · Occupancy

    total $148,660

  • 19 · Conferences, conventions and meetings

    total $84,160

  • 21 · Payments to affiliates

    total $42,509

  • 22 · Depreciation, depletion and amortization

    total $41,278

  • 23 · Insurance

    total $47,612

  • 24a · Other expenses: MISCELLANEOUS

    total $335,489

  • 24b · Other expenses: SPECIAL ACTIVITIES

    total $327,939

  • 24c · Other expenses: LAW & POLICY

    total $190,698

  • 24d · Other expenses: REALTOR PROMOTION

    total $45,587

  • 24e · All other expenses

    total $28,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,056,550 · end of year $190,408

  • 2 · Savings and temporary cash investments

    beginning of year $2,255,779 · end of year $3,980,345

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

    $436,291

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

    $316,415

  • 10c · Land, buildings and equipment, net

    beginning of year $164,678 · end of year $119,876

  • 12 · Investments: other securities

    beginning of year $5,702,781 · end of year $6,481,230

  • 14 · Intangible assets

    beginning of year $53,555 · end of year $109,921

  • 27 · Net assets without donor restrictions

    beginning of year $11,233,343 · end of year $10,881,780

Mission and programs · 2024

Mission

PROVIDE EDUCATION AND LEGAL INFORMATION, CONFERENCE AND SPECIAL ACTIVITIES; PUBLIC RELATIONS, LEGISLATIVE EFFORTS AND LOBBYING FOR MEMBERS.

Activities or mission (Part I)

PROVIDE EDUCATION/INFORMATION, CONFERENCE AND SPECIAL ACTIVITIES; PUBLIC RELATIONS, LEGISLATIVE EFFORTS AND LOBBYING FOR MEMBERS.

  • PUBLIC RELATIONS

    Expenses $1,836,950

  • EDUCATIONAL PROGRAMS, CONFERENCES AND OTHER SPECIAL ACTIVITIES

    Expenses $462,330 · Grants $2,000 · Revenue $205,144

  • LAW AND POLICY

    Expenses $190,698 · Grants $150,160 · Revenue $2,500

As filed on the 2024 return.

Listed in Part VII

  • David Gallitto

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Carl Lantz

    PRESIDENT

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Tammy Felenstein Taivf LLC

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Steven Miller

    PRESIDENT ELECT

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Scott Cooney

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    2
  • Augustus Ryer

    VICE PRESIDENT AT-LARGE

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Tapscott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Alexandria Kebalo-Hughes

    VICE PRESIDENT AT LARGE

    Total calculated
    $0
    Hours/week
    2
  • Bryan Tunney

    TREASURER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Barbara McKee

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    2
  • Adele Unger

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    2
  • Alexandria Kebalo

    PLEASE DELETE

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Jed Backus

    REGION 4 VP

    Total calculated
    $694
    From this org
    $694
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Joanne Breen

    VICE PRESIDENT AT LARGE

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Gayle Dennehy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lazaro Alberto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Arzt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Meghan Athnos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Aurigemma

    VICE PRESIDENT AT LARGE

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Roxanna Bajra

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Kristen Bilotta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Douglas Blackwood

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Lynne Boehm

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Ronald Boufford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne-Lise Brown

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Paula Burton

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Brendan Carey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Carol Christiansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Clancy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Barbara Clerice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Contino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deanna Crooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kenneth D'Arinzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Deperry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gen Distance

    REGION 1 VP

    Total calculated
    $0
    Hours/week
    2
  • Gene Fercodini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Linda Fercodini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Annette Fiorenza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Leigh Frost

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Ann Gerschefski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melissa Giangrasso

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Catherine Gonyo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Keune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Lacava

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Susan Larson

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Yolanda Lowe

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Lorrie Maiorano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stanley Martone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicholle McKiernan

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Brenda Milhomme

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Bryan Morris

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Lucas Nash

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sharon O'Brien

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Gena Ruocco-Lockery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Sartirana

    VICE PRESIDENT AT LARGE

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Cheryl Scott-Daniels

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Scozzafava

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Sell

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Terrence Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Erika Songer

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Joseph Stafford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anne Stark

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Judith Szablak

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Nadine Tanen

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Daniel Thomas

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Michael Traum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nikki Travaglino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paula Turley

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Lori Ventura

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Constance Widmann

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Heather Lindgren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deborah Loban

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Christopher Mira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Morey

    REGION 2 VP

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Kim-Marie Mullin

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Beayanka Pinckney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marie Santiago

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Jeremy Rosner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joseph Tafuri

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Thomas Shrum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Catharine Vantornhout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shanyelle Young

    VICE PRESIDENT AT LARGE

    Total calculated
    $0
    Hours/week
    2
  • Maura Alarcon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Albert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Brian Amen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Ashkar

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Allyson Bernard

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Justin Bette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Molly Bruno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Juliet Cavanaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Delaurentis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Demartin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Danielle Dube

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William Gillen

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Hyde

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • David Jones

    PLEASE DELETE

    Total calculated
    $0
    Hours/week
    1
  • Tammy Felenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Barbaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicole Borsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Devitto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rose Eapen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Don Fabrizio-Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Ferrante

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dawn Grabover

    DIRECOR

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Granath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joel Grossman

    POLICY/DEI DVP

    Total calculated
    $0
    Hours/week
    2
  • Maria Hagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kathy Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Karnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marilyn Lusher

    LEGISLATIVE/POLITICAL DVP

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Joseph Malone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Zachary Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dhaval Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Paul

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Plonsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nasha Rhone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Allan Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Streaman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Thury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cynthia Butts

    CEO

    Total calculated
    $363,106
    From this org
    $336,113
    From related orgs
    $0
    Other
    $26,993
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $306,021
    Bonus
    $20,900
    Other
    $9,192
    Deferred
    $10,153
    Nontaxable benefits
    $16,840
    Filer's total
    $363,106
  • James Heckman

    GENERAL COUNSEL/DIRECTOR OF GOVT AFFAIRS

    Total calculated
    $303,560
    From this org
    $272,414
    From related orgs
    $0
    Other
    $31,146
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,950
    Bonus
    $26,725
    Other
    $1,739
    Deferred
    $8,282
    Nontaxable benefits
    $22,864
    Filer's total
    $303,560
  • Beth Mecteau

    DIRECTOR OF EXECUTIVE AND FOUNDATION PROGRAMS

    Total calculated
    $207,116
    From this org
    $172,097
    From related orgs
    $0
    Other
    $35,019
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $164,923
    Bonus
    $6,186
    Other
    $988
    Deferred
    $5,218
    Nontaxable benefits
    $29,801
    Filer's total
    $207,116
  • Gina Ballard

    VP OF OPERATIONS

    Total calculated
    $192,538
    From this org
    $186,367
    From related orgs
    $0
    Other
    $6,171
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $159,848
    Bonus
    $25,720
    Other
    $799
    Deferred
    $5,625
    Nontaxable benefits
    $546
    Filer's total
    $192,538
  • Stacey Lafferty

    ASSOCIATE COUNSEL

    Total calculated
    $215,262
    From this org
    $181,903
    From related orgs
    $0
    Other
    $33,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    $13,231
    Other
    $672
    Deferred
    $5,500
    Nontaxable benefits
    $27,859
    Filer's total
    $215,262
  • Kristi Sogofsky

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $167,668
    From this org
    $137,285
    From related orgs
    $0
    Other
    $30,383
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $128,824
    Bonus
    $7,909
    Other
    $552
    Deferred
    $4,150
    Nontaxable benefits
    $26,233
    Filer's total
    $167,668

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT REVIEWS COMPARABILITY DATA, NEGOTIATES SALARY WITH THE CEO AND SALARY AND/OR BONUSES ARE AUTHORIZED BY THE LEADERSHIP TEAM IN COMPLIANCE WITH THE BUDGET (WHICH HAS BEEN APPROVED BY THE BOARD OF DIRECTORS). CONTRACT SIGNED BY PRESIDENT

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 April 2025
IRS schema version
2024v5.1
Source object
202501219349300035

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