Form 990 for tax year 2022
Filed by PORTLAND METROPOLITAN ASSOCIATION OF REALTORS.
Totals
- Total revenue
- $2,876,385
- Total expenses
- $2,053,404
- Contributions and grants received
- $0
- Grants paid
- $105,000
- Program service revenue
- $2,795,087
- Investment income
- $76,976
- Other revenue
- $4,322
- Total assets, end of year
- $16,816,191
- Total liabilities, end of year
- $724,002
- Net assets or fund balances, end of year
- $16,092,189
- 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: MEMBERSHIP DUES
total $1,860,682 · related or exempt $1,860,682
-
2b · Program service revenue: INVESTMENT IN RMLS
total $599,807 · related or exempt $599,807
-
2c · Program service revenue: SPONSORSHIP INCOME
total $209,230 · related or exempt $209,230
-
2d · Program service revenue: INVESTMENT IN OREF
total $100,268 · related or exempt $100,268
-
2e · Program service revenue: REGISTRATION FEES
total $15,300 · related or exempt $15,300
-
2f · All other program service revenue
total $9,800 · related or exempt $9,800
-
3 · Investment income
total $76,976 · excluded $76,976
-
11a · Other revenue: MISCELLANEOUS INCOME
total $4,322 · related or exempt $4,322
-
11e · Other revenue, total
$4,322
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $105,000
-
5 · Compensation of officers, directors and key employees
total $452,152
-
7 · Other salaries and wages
total $557,109
-
8 · Pension plan contributions
total $12,521
-
9 · Other employee benefits
total $71,669
-
10 · Payroll taxes
total $84,524
-
11g · Fees: other
total $70,063
-
12 · Advertising and promotion
total $136,985
-
13 · Office expenses
total $80,438
-
14 · Information technology
total $13,270
-
16 · Occupancy
total $151,159
-
17 · Travel
total $65,240
-
19 · Conferences, conventions and meetings
total $108,292
-
22 · Depreciation, depletion and amortization
total $12,842
-
23 · Insurance
total $903
-
24a · Other expenses: EVENTS
total $116,349
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $14,143
-
24c · Other expenses: TAXES, LICENSES AND OTH
total $745
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,143,324 · end of year $2,256,953
-
2 · Savings and temporary cash investments
beginning of year $2,025,940 · end of year $2,091,796
-
4 · Accounts receivable
beginning of year $6,248 · end of year $9,562
-
9 · Prepaid expenses and deferred charges
beginning of year $34,051 · end of year $11,851
-
10a · Land, buildings and equipment: cost or other basis
$179,655
-
10b · Land, buildings and equipment: accumulated depreciation
$167,369
-
10c · Land, buildings and equipment, net
beginning of year $19,011 · end of year $12,286
-
15 · Other assets
beginning of year $11,837,867 · end of year $12,433,743
-
17 · Accounts payable and accrued expenses
beginning of year $5,475 · end of year $6,740
-
19 · Deferred revenue
beginning of year $153,625 · end of year $163,628
-
25 · Other liabilities
beginning of year $638,133 · end of year $553,634
-
27 · Net assets without donor restrictions
beginning of year $15,269,208 · end of year $16,092,189
Mission and programs · 2022
Mission
THE CORE PURPOSE OF THE PORTLAND METROPOLITAN ASSOCIATION OF REALTORS IS TO PROMOTE AND ENHANCE THE REALTOR MEMBER'S ABILITY TO CONDUCT BUSINESS ETHICALLY, PROFESSIONALLY, AND PROFITABLY WHILE EXHIBITING A HIGH STANDARD OF BUSINESS ETIQUETTE.
-
A LOCAL ASSOCIATION WHICH PROVIDES COMMUNITY SERVICES AND EDUCATIONAL OPPORTUNITIES FOR REALTOR MEMBERS.
As filed on the 2022 return.
Listed in Part VII
-
Tony KellyTONY KELLY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Lisa AlbrechtLISA ALBRECHT
VP OF FINANCE
- Total calculated
- $0
- Hours/week
- 1
-
Allie GreinerALLIE GREINER
VP OF MEMBER SERVICES
- Total calculated
- $0
- Hours/week
- 1
-
Cindy ThackeryCINDY THACKERY
VP OF PROFESSIONAL DEVELOP
- Total calculated
- $0
- Hours/week
- 1
-
Scott HalliganSCOTT HALLIGAN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Todd AdamsTODD ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jan CullivanJAN CULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren PerreaultLAUREN PERREAULT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric HagstetteERIC HAGSTETTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lindsey CulverLINDSEY CULVER
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Donald FalkDONALD FALK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert DelavanROBERT DELAVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriela MannGABRIELA MANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Javier AlomiaJAVIER ALOMIA
VP OF REALTOR ADVOCACY
- Total calculated
- $0
- Hours/week
- 1
-
Maabi MunozMAABI MUNOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia KirkPATRICIA KIRK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanne SterlingJOANNE STERLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Evan SwansonEVAN SWANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven TranSTEVEN TRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy WalshAMY WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin WilliamsCAITLIN WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michele HolenMICHELE HOLEN
CEO
- Total calculated
- $276,512
- From this org
- $246,600
- From related orgs
- $0
- Other
- $29,912
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $187,000
- Bonus
- $50,000
- Other
- $9,600
- Deferred
- $16,740
- Nontaxable benefits
- $13,172
- Filer's total
- $276,512
-
E Letty MerrittE LETTY MERRITT
CFO
- Total calculated
- $141,130
- From this org
- $118,725
- From related orgs
- $0
- Other
- $22,405
- Hours/week
- 37.5
-
Michele GilaMICHELE GILA
DIRECTOR OF REALTOR ADVOCA
- Total calculated
- $146,757
- From this org
- $124,100
- From related orgs
- $0
- Other
- $22,657
- Hours/week
- 40
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
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 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
-
BUILDING OUR FUTURE TOGETHER
$50,000
CAMPAIGN CONTRIBUTION FOR THE 'NO' ON MULTNOMAH COUNTY CAPITAL GAINS TAX
-
$25,000
TO PROVIDE HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTER.
-
RPAC NAR CORPORATE ALLY PROGRAM
$10,000
TO HELP PROMOTE TARGETED ADVOCACY FOR THE REAL ESTATE INDUSTRY
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.
-
PORTLAND METROPOLITAN ASSOC REALTORS PAC
527 · POLITICAL ACTION COMMITTEE · OR · controlled entity
Directly controlled by PORTLAND METROPOLITAN ASSOCIATION OF REALTORS
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
OR REAL ESTATE FORMS LLC
RELATED INCOME · REAL ESTATE FORMS · OR · 100% owned · share of income $231,798 · share of assets $1,352,516 · general or managing partner
Directly controlled by PORTLAND METROPOLITAN ASSOC REALTORS
-
ROSEBURG REALTOR BUILDING LLC
EXCLUDED · RENTAL · OR · 54% owned · share of income -$15,204 · share of assets $619,865
Directly controlled by REGIONAL MULTIPLE LISTING SERVICES INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
REGIONAL MULTIPLE LISTING SERVICE INC
C · MULTIPLE LISTING SERVICE · OR · 60% owned · share of income $7,052,460 · share of assets $13,475,608
Directly controlled by PORTLAND METROPOLITAN ASSOC REALTORS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 October 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402859349301725
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