Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $20,500

• 2a · Program service revenue: DUES

  total $7,161,353 · related or exempt $7,161,353

• 2b · Program service revenue: CONVENTION INCOME TRIPLE PLAY

  total $1,212,921 · related or exempt $1,212,921

• 2c · Program service revenue: SERVICE FEES AND ASSESSMENTS

  total $1,025,278 · related or exempt $1,025,278

• 2d · Program service revenue: SUBSCRIPTIONS

  total $191,212 · related or exempt $191,212

• 2e · Program service revenue: ADVERTISING

  total $149,268 · unrelated business $149,268

• 2f · All other program service revenue

  total $13,350 · related or exempt $13,350

• 3 · Investment income

  total $733,171 · excluded $733,171

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $22,824 · related or exempt $22,824

• 11e · Other revenue, total

  $22,824

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $34,950

• 5 · Compensation of officers, directors and key employees

  total $870,361

• 6 · Compensation of disqualified persons

  total $6,563

• 7 · Other salaries and wages

  total $1,860,243

• 8 · Pension plan contributions

  total $206,063

• 9 · Other employee benefits

  total $260,152

• 10 · Payroll taxes

  total $181,572

• 11b · Fees: legal

  total $281,853

• 11c · Fees: accounting

  total $22,940

• 11d · Fees: lobbying

  total $168,749

• 12 · Advertising and promotion

  total $383,342

• 13 · Office expenses

  total $211,251

• 14 · Information technology

  total $158,728

• 16 · Occupancy

  total $140,930

• 17 · Travel

  total $445,243

• 19 · Conferences, conventions and meetings

  total $428,537

• 22 · Depreciation, depletion and amortization

  total $422,037

• 23 · Insurance

  total $81,314

• 24a · Other expenses: FORMS EXPENSE

  total $530,529

• 24b · Other expenses: SPEAKERS AND WORKSHOP

  total $337,245

• 24c · Other expenses: NJ REALTORS MAGAZINE

  total $320,062

• 24d · Other expenses: BANK AND CREDIT CARD FE

  total $225,120

• 24e · All other expenses

  total $400,002

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,954,438 · end of year $1,542,690

• 2 · Savings and temporary cash investments

  beginning of year $26,859,267 · end of year $29,879,284

• 4 · Accounts receivable

  beginning of year $501,223 · end of year $260,529

• 9 · Prepaid expenses and deferred charges

  beginning of year $166,340 · end of year $221,241

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

  $11,084,785

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

  $2,940,492

• 10c · Land, buildings and equipment, net

  beginning of year $8,380,387 · end of year $8,144,293

• 15 · Other assets

  beginning of year $35,046 · end of year $20,948

• 17 · Accounts payable and accrued expenses

  beginning of year $1,367,595 · end of year $941,858

• 19 · Deferred revenue

  beginning of year $3,256,182 · end of year $2,729,253

• 25 · Other liabilities

  beginning of year $36,649 · end of year $85,627

• 27 · Net assets without donor restrictions

  beginning of year $33,236,275 · end of year $36,312,247

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO'S WIFE OCCASIONALLY TRAVELS TO PROVIDE ASSISTANCE TO THE CEO, LEADERSHIP AND MEMBERS AT RELATED CONFERENCES AND MEETINGS. SHE IS NOT COMPENSATED FOR HER TIME. THIS COMPENSATION WAS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO.

PART I, LINE 4B

THE ASSOCIATION SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) AND 457(F) OF THE INTERNAL REVENUE CODE TO BENEFIT THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER. ANNUAL DISCRETIONARY CONTRIBUTIONS UP TO $10,000 FOR THE CEO AND $5,000 FOR THE COO ARE PERMITTED EACH PLAN YEAR THE OFFICERS ARE EMPLOYED.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLC

  REAL ESTATE REDEVELOPMENT · NJ · income $304,500 · assets $8,526,965

  Directly controlled by NEW JERSEY ASSOCIATION OF REALTORS