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Nonprofiteer
← NORTH CAROLINA ASSOCIATION OF REALTORS INC

Form 990 for tax year 2022

Filed by NORTH CAROLINA ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$11,880,706
Total expenses
$10,236,787
Contributions and grants received
$34,700
Grants paid
$1,356,329
Program service revenue
$11,733,956
Investment income
$93,489
Other revenue
$18,561
Total assets, end of year
$31,352,861
Total liabilities, end of year
$5,026,413
Net assets or fund balances, end of year
$26,326,448
Program services expenses (Part IX)
$10,236,787
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,236,787

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

    $25,000

  • 1f · All other contributions, gifts and grants

    $9,700

  • 2a · Program service revenue: DUES & ASSESSMENTS

    total $10,778,937 · related or exempt $10,778,937

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

    total $515,590 · related or exempt $515,590

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

    total $177,979 · related or exempt $177,979

  • 2d · Program service revenue: MANAGEMENT SERVICES

    total $168,306 · unrelated business $168,306

  • 2e · Program service revenue: SPONSORSHIPS

    total $91,344 · related or exempt $91,344

  • 2f · All other program service revenue

    total $1,800 · unrelated business $1,800

  • 3 · Investment income

    total $236,311 · excluded $236,311

  • 7a · Gross sales of assets other than inventory

    securities $3,481,052

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

    securities $3,623,874

  • 7c · Gain or loss

    securities -$142,822

  • 7d · Net gain or loss

    total -$142,822 · related or exempt -$142,822

  • 11a · Other revenue: INSIGHT & WEB ADVERTISING

    total $18,561 · unrelated business $18,561

  • 11e · Other revenue, total

    $18,561

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,349,356 · program services $1,349,356

  • 2 · Grants to domestic individuals

    total $6,973 · program services $6,973

  • 5 · Compensation of officers, directors and key employees

    total $1,187,958 · program services $1,187,958

  • 7 · Other salaries and wages

    total $2,776,321 · program services $2,776,321

  • 11a · Fees: management

    total $390,126 · program services $390,126

  • 11f · Fees: investment management

    total $58,047 · program services $58,047

  • 12 · Advertising and promotion

    total $120,761 · program services $120,761

  • 13 · Office expenses

    total $681,658 · program services $681,658

  • 14 · Information technology

    total $146,952 · program services $146,952

  • 16 · Occupancy

    total $165,725 · program services $165,725

  • 17 · Travel

    total $427,967 · program services $427,967

  • 19 · Conferences, conventions and meetings

    total $690,172 · program services $690,172

  • 22 · Depreciation, depletion and amortization

    total $219,868 · program services $219,868

  • 23 · Insurance

    total $48,030 · program services $48,030

  • 24a · Other expenses: ISSUE ADVOCACY

    total $1,192,820 · program services $1,192,820

  • 24b · Other expenses: FORMS SOFTWARE FOR MEMBER

    total $684,428 · program services $684,428

  • 24c · Other expenses: PAC ADMIN EXPENSE

    total $89,625 · program services $89,625

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 $13,669,175 · end of year $12,913,084

  • 4 · Accounts receivable

    beginning of year $226,776 · end of year $381,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $429,733 · end of year $453,247

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

    $9,442,113

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

    $2,063,969

  • 10c · Land, buildings and equipment, net

    beginning of year $7,544,196 · end of year $7,378,144

  • 11 · Investments: publicly traded securities

    beginning of year $9,286,307 · end of year $10,222,280

  • 13 · Investments: program-related

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $243,060 · end of year $686,904

  • 19 · Deferred revenue

    beginning of year $5,060,264 · end of year $4,339,509

  • 27 · Net assets without donor restrictions

    beginning of year $25,857,263 · end of year $26,326,448

Mission and programs · 2022

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 56,500 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 $10,236,787 · Grants $1,356,329 · Revenue $11,733,956

As filed on the 2022 return.

Listed in Part VII

  • Andrea Bushnell

    CEO (NON-VOT

    Total calculated
    $460,954
    From this org
    $425,239
    From related orgs
    $0
    Other
    $35,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,077
    Bonus
    $26,400
    Other
    $762
    Deferred
    $15,525
    Nontaxable benefits
    $20,190
    Filer's total
    $460,954
  • Mark Zimmerman

    SR VICE PRES

    Total calculated
    $248,512
    From this org
    $227,332
    From related orgs
    $0
    Other
    $21,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,201
    Bonus
    $11,735
    Other
    $396
    Deferred
    $11,736
    Nontaxable benefits
    $9,444
    Filer's total
    $248,512
  • Bryan M Jenkins

    CFO

    Total calculated
    $206,206
    From this org
    $184,948
    From related orgs
    $0
    Other
    $21,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,458
    Bonus
    $15,400
    Other
    $90
    Deferred
    $10,012
    Nontaxable benefits
    $11,246
    Filer's total
    $206,206
  • Jessica Hughes

    COO

    Total calculated
    $172,113
    From this org
    $156,783
    From related orgs
    $0
    Other
    $15,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,418
    Bonus
    $14,305
    Other
    $60
    Deferred
    $8,087
    Nontaxable benefits
    $7,243
    Filer's total
    $172,113
  • Caitlin Thompson

    CHIEF LEGAL

    Total calculated
    $159,463
    From this org
    $140,604
    From related orgs
    $0
    Other
    $18,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,431
    Bonus
    $14,080
    Other
    $93
    Deferred
    $7,694
    Nontaxable benefits
    $11,165
    Filer's total
    $159,463
  • Sara McKenzie Allen

    VP COMM & MA

    Total calculated
    $149,660
    From this org
    $135,435
    From related orgs
    $0
    Other
    $14,225
    Hours/week
    40
  • Mary T Lowe

    VP MEMBER EN

    Total calculated
    $124,198
    From this org
    $118,337
    From related orgs
    $0
    Other
    $5,861
    Hours/week
    40
  • Ray Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Denise Allan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Denise Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Lee Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Donna Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kim Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marcia Baltimore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jeffrey Barfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steve Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Chester 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
  • Sara Black

    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
  • Carol Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marsha Bricker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Doug Brindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Maren L Brisson-Kuester

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Lori Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • David Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Leigh Brown

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • Pam Buck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cindie Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bret Bushnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joshua Caruso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jake Cashion

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Duane Cassida

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bobbie Collins

    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
  • Mary Grace Daughtridge

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Gaye Devoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Heather Dodson

    DIRECTOR

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

    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
  • Geena Fie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Franklin-Rowe

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Pam Furtney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas Gale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Peter Gallo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bruce Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Lewis Godfrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thomas A Gongaware

    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
  • Brad Gurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Rebecca Harper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Wendy Harris

    PRESIDENT

    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
  • Shawn Hays

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michelle Hobaugh

    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
  • Macoy Jones

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Phillip Johnson 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
  • David Kennedy

    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
  • Roxanna Levan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jim Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Laurie Linder

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sheryl Love

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christine Mallette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kelly R Marks

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Onyx Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mark Mathews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kristi May

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tim McBrayer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Patrick McDowell

    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
  • Marty McLaughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John McPherson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Hilburn Michel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Steven Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jonathan Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Marbelia Murillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Carol Myers

    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
  • 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
  • Nathan Perry

    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
  • Robin Pond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Raines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cynthia Remahl

    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
  • Kurt Rogerson

    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
  • Wallace Shealy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amanda Smith

    DIECTOR

    Total calculated
    $0
    Hours/week
    2
  • Charisma Smith

    DIRECTOR

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

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tom E Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Margaret A Sophie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kevin Starkey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Suzanne Strength

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jacob Sutherland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Larry Terry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Grady A Thomas

    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
  • Joshua Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Adam Upchurch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Tim Upchurch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kathy Vetten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Julius Waggoner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Katie Wangrin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Pam Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Patrice Willetts

    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
  • Michael Wong

    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
  • 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

  • NC PROPERTY RIGHTS FUND INC (FORMERLY NC HOMEOWNERS ALLIANCE)

    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

    SERVICE · NC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303129349300925

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