Form 990 for tax year 2024
Filed by NEW JERSEY ASSOCIATION OF REALTORS.
Totals
- Total revenue
- $10,265,385
- Total expenses
- $8,299,799
- Contributions and grants received
- $0
- Grants paid
- $27,500
- Program service revenue
- $9,119,457
- Investment income
- $1,119,571
- Other revenue
- $26,357
- Total assets, end of year
- $42,844,285
- Total liabilities, end of year
- $4,238,644
- Net assets or fund balances, end of year
- $38,605,641
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: DUES
total $6,630,857 · related or exempt $6,630,857
-
2b · Program service revenue: CONVENTION INCOME TRIPLE PLAY
total $1,104,828 · related or exempt $1,104,828
-
2c · Program service revenue: SERVICE FEES AND ASSESSMENTS
total $1,086,024 · related or exempt $1,086,024
-
2d · Program service revenue: SUBSCRIPTIONS
total $177,531 · related or exempt $177,531
-
2e · Program service revenue: ADVERTISING
total $103,992 · unrelated business $103,992
-
2f · All other program service revenue
total $16,225 · related or exempt $16,225
-
3 · Investment income
total $1,124,736 · excluded $1,124,736
-
7a · Gross sales of assets other than inventory
other assets $18,600
-
7b · Less cost or other basis and sales expenses
other assets $23,765
-
7c · Gain or loss
other assets -$5,165
-
7d · Net gain or loss
total -$5,165 · related or exempt -$5,165
-
11a · Other revenue: MISCELLANEOUS INCOME
total $26,357 · related or exempt $26,357
-
11e · Other revenue, total
$26,357
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,500
-
5 · Compensation of officers, directors and key employees
total $933,010
-
6 · Compensation of disqualified persons
total $7,149
-
7 · Other salaries and wages
total $2,003,691
-
8 · Pension plan contributions
total $212,477
-
9 · Other employee benefits
total $272,234
-
10 · Payroll taxes
total $232,922
-
11b · Fees: legal
total $357,065
-
11c · Fees: accounting
total $29,840
-
11d · Fees: lobbying
total $213,930
-
12 · Advertising and promotion
total $416,101
-
13 · Office expenses
total $100,735
-
14 · Information technology
total $131,795
-
16 · Occupancy
total $175,576
-
17 · Travel
total $424,734
-
19 · Conferences, conventions and meetings
total $568,302
-
22 · Depreciation, depletion and amortization
total $390,486
-
23 · Insurance
total $98,802
-
24a · Other expenses: FORMS EXPENSE
total $511,066
-
24b · Other expenses: NJ REALTORS MAGAZINE
total $327,896
-
24c · Other expenses: SPEAKERS AND WORKSHOP
total $293,565
-
24d · Other expenses: BANK AND CREDIT CARD FE
total $173,774
-
24e · All other expenses
total $397,149
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,542,690 · end of year $1,428,388
-
2 · Savings and temporary cash investments
beginning of year $29,879,284 · end of year $32,717,701
-
4 · Accounts receivable
beginning of year $260,529 · end of year $312,236
-
9 · Prepaid expenses and deferred charges
beginning of year $221,241 · end of year $317,771
-
10a · Land, buildings and equipment: cost or other basis
$11,367,958
-
10b · Land, buildings and equipment: accumulated depreciation
$3,306,423
-
10c · Land, buildings and equipment, net
beginning of year $8,144,293 · end of year $8,061,535
-
15 · Other assets
beginning of year $20,948 · end of year $6,654
-
17 · Accounts payable and accrued expenses
beginning of year $941,858 · end of year $948,492
-
19 · Deferred revenue
beginning of year $2,729,253 · end of year $3,195,768
-
25 · Other liabilities
beginning of year $85,627 · end of year $94,384
-
27 · Net assets without donor restrictions
beginning of year $36,312,247 · end of year $38,605,641
Mission and programs · 2024
Mission
TO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE, & TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE.
Activities or mission (Part I)
TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION.
-
THE ASSOCIATION PROVIDES SERVICES THAT EXPAND MEMBERS' GROWTH AND SUCCESS; ADVOCACY- PROTECTING MEMBERS' LIVELIHOOD AND PROPERTY RIGHTS; PROFESSIONAL DEVELOPMENT AND TRAINING; RECOGNITION OF OUTSTANDING ACHIEVEMENT; PROFESSIONAL STANDARDS.
As filed on the 2024 return.
Listed in Part VII
-
Nick ManisNICK MANIS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Gloria MonksGLORIA MONKS
PRESIDENT UNTIL 12/12, IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Judith MoriartyJUDITH MORIARTY
MEMBER/FIRST VICE PRESIDENT STARTING 12/13
- Total calculated
- $0
- Hours/week
- 5
-
Kathleen MorinKATHLEEN MORIN
PRESIDENT-ELECT UNTIL 12/12, PRESIDENT BEG. 12/13
- Total calculated
- $0
- Hours/week
- 5
-
Jairo RodriguezJAIRO RODRIGUEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Gloria SicilianoGLORIA SICILIANO
PRESIDENT-ELECT STARTING 12/13
- Total calculated
- $0
- Hours/week
- 5
-
Valerie Arch BelardoVALERIE ARCH BELARDO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Nehemias BorreroNEHEMIAS BORRERO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Corinna BurkeCORINNA BURKE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Laura CastellaLAURA CASTELLA
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Christopher CocciaCHRISTOPHER COCCIA
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Brian ColliniBRIAN COLLINI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Lisa ComitoLISA COMITO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Mary DavisMARY DAVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Allan DechertALLAN DECHERT
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeffrey DeluciaJEFFREY DELUCIA
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Nicola EspositoNICOLA ESPOSITO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Yesenia FriasYESENIA FRIAS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Maureen FuscoMAUREEN FUSCO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Janet GinsbergJANET GINSBERG
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Frank GlaushFRANK GLAUSH
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Keren GonenKEREN GONEN
MEMBER UNTIL 08/13
- Total calculated
- $0
- Hours/week
- 0.2
-
Patricia Gray HendricksPATRICIA GRAY HENDRICKS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Felix GrecoFELIX GRECO
MEMBER UNTIL 03/05
- Total calculated
- $0
- Hours/week
- 0.2
-
William HanleyWILLIAM HANLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
James JoerimanJAMES JOERIMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeffrey JonesJEFFREY JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Tiffany KjellanderTIFFANY KJELLANDER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
C John KrukC JOHN KRUK
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Susan LarueSUSAN LARUE
MEMBER UNTIL 12/12
- Total calculated
- $0
- Hours/week
- 0.2
-
Peter MaddenPETER MADDEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Rachel MammeleRACHEL MAMMELE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Maria MarinelliMARIA MARINELLI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Georgeanna NewmonesGEORGEANNA NEWMONES
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Mary NuzialeMARY NUZIALE
MEMBER UNTIL 04/08
- Total calculated
- $0
- Hours/week
- 0.2
-
Michael PennisiMICHAEL PENNISI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeanine PescatoreJEANINE PESCATORE
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Mark QuartelloMARK QUARTELLO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Brenda RichmondBRENDA RICHMOND
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Heather RobillardHEATHER ROBILLARD
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Angela SicoliANGELA SICOLI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Peter SiderisPETER SIDERIS
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Diane TraversoDIANE TRAVERSO
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Giovanna VanvalkenburgGIOVANNA VANVALKENBURG
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Alida VasquezALIDA VASQUEZ
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Robert WhiteROBERT WHITE
MEMBER UNTIL 05/14, PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.2
-
David WyrschDAVID WYRSCH
MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Jarrod GrassoJARROD GRASSO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $580,344
- From this org
- $479,586
- From related orgs
- $0
- Other
- $100,758
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $381,475
- Bonus
- $98,111
- Other
- $0
- Deferred
- $41,400
- Nontaxable benefits
- $59,358
- Filer's total
- $580,344
-
Martha ChaneseMARTHA CHANESE
CHIEF OPERATING OFFICER
- Total calculated
- $352,664
- From this org
- $298,196
- From related orgs
- $0
- Other
- $54,468
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $288,696
- Bonus
- $9,500
- Other
- $0
- Deferred
- $35,808
- Nontaxable benefits
- $18,660
- Filer's total
- $352,664
-
Maureen MurphyMAUREEN MURPHY
VICE PRESIDENT OF PROFESSI
- Total calculated
- $237,849
- From this org
- $199,608
- From related orgs
- $0
- Other
- $38,241
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $196,608
- Bonus
- $3,000
- Other
- $0
- Deferred
- $23,953
- Nontaxable benefits
- $14,288
- Filer's total
- $237,849
-
William ThompsonWILLIAM THOMPSON
DIRECTOR OF TECHNOLOGY
- Total calculated
- $211,871
- From this org
- $177,828
- From related orgs
- $0
- Other
- $34,043
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $174,828
- Bonus
- $3,000
- Other
- $0
- Deferred
- $19,755
- Nontaxable benefits
- $14,288
- Filer's total
- $211,871
-
Yuliya TedeschiYULIYA TEDESCHI
GENERAL COUNSEL
- Total calculated
- $183,132
- From this org
- $156,500
- From related orgs
- $0
- Other
- $26,632
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $152,500
- Bonus
- $4,000
- Other
- $0
- Deferred
- $10,955
- Nontaxable benefits
- $15,677
- Filer's total
- $183,132
-
Colleen OliverCOLLEEN OLIVER
DIR. OF PUBLIC RELATIONS & MRKTG
- Total calculated
- $187,475
- From this org
- $152,361
- From related orgs
- $0
- Other
- $35,114
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $148,861
- Bonus
- $3,500
- Other
- $0
- Deferred
- $18,296
- Nontaxable benefits
- $16,818
- Filer's total
- $187,475
-
Douglas TomsonDOUGLAS TOMSON
VICE PRESIDENT OF GOVERNME
- Total calculated
- $173,087
- From this org
- $143,820
- From related orgs
- $0
- Other
- $29,267
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $139,964
- Bonus
- $3,856
- Other
- $0
- Deferred
- $16,831
- Nontaxable benefits
- $12,436
- Filer's total
- $173,087
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 · Travel for companions
- 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
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.
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
-
$25,000
REBUILD COMMUNITIES AFFECTED BY DISASTERS
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.
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 $8,339,514
Directly controlled by NEW JERSEY ASSOCIATION OF REALTORS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531259349301663
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