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Nonprofiteer
← HAWAII ASSOCIATION OF REALTORS

Form 990 for tax year 2024

Filed by HAWAII ASSOCIATION OF REALTORS.

Totals

Total revenue
$2,655,315
Total expenses
$2,923,909
Contributions and grants received
$0
Grants paid
$20,000
Program service revenue
$2,547,460
Investment income
$105,291
Other revenue
$2,564
Total assets, end of year
$4,921,751
Total liabilities, end of year
$2,210,102
Net assets or fund balances, end of year
$2,711,649
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$1,269,440

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 $2,396,260 · related or exempt $2,396,260

  • 2b · Program service revenue: EDUCATION AND FORMS

    total $123,999 · related or exempt $123,999

  • 2c · Program service revenue: SPECIAL PROGRAMS

    total $16,055 · related or exempt $16,055

  • 2d · Program service revenue: MISCELLANEOUS

    total $11,146 · related or exempt $11,146

  • 3 · Investment income

    total $94,187 · excluded $94,187

  • 5 · Royalties

    total $2,564 · excluded $2,564

  • 7a · Gross sales of assets other than inventory

    securities $168,785

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

    securities $157,681

  • 7c · Gain or loss

    securities $11,104

  • 7d · Net gain or loss

    total $11,104 · excluded $11,104

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000

  • 5 · Compensation of officers, directors and key employees

    total $223,044

  • 7 · Other salaries and wages

    total $1,112,814

  • 11g · Fees: other

    total $227,082

  • 16 · Occupancy

    total $127,226

  • 17 · Travel

    total $148,486

  • 22 · Depreciation, depletion and amortization

    total $19,960

  • 24a · Other expenses: OTHER

    total $333,227

  • 24b · Other expenses: GOVERNMENT AFFAIRS

    total $237,562

  • 24c · Other expenses: ZIPFORMS

    total $181,170

  • 24d · Other expenses: BOARD GOVERNANCE

    total $151,388

  • 24e · All other expenses

    total $141,950

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,043,780 · end of year $2,905,145

  • 4 · Accounts receivable

    beginning of year $17,061 · end of year $18,933

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

    $578,992

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

    $493,984

  • 10c · Land, buildings and equipment, net

    beginning of year $97,194 · end of year $85,008

  • 12 · Investments: other securities

    beginning of year $1,563,685 · end of year $1,674,590

  • 15 · Other assets

    beginning of year $274,457 · end of year $238,075

  • 17 · Accounts payable and accrued expenses

    beginning of year $263,616 · end of year $248,548

  • 19 · Deferred revenue

    beginning of year $1,679,620 · end of year $1,867,994

  • 25 · Other liabilities

    beginning of year $131,242 · end of year $93,560

  • 27 · Net assets without donor restrictions

    beginning of year $2,846,735 · end of year $2,638,042

  • 28 · Net assets with donor restrictions

    beginning of year $74,964 · end of year $73,607

Mission and programs · 2024

Mission

HAWAII REALTORS SERVES ITS MEMBERSHIP BY PROVIDING INNOVATIVE PROGRAMS AND SERVICES TO ENHANCE MEMBERS' ABILITY TO SUCCESSFULLY PRACTICE REAL ESTATE AND COLLECTIVELY PROMOTES REAL PROPERTY OWNERSHIP AND THE PRESERVATION OF REAL PROPERTY RIGHTS.

  • EDUCATIONAL OPPORTUNITIES PROVIDED TO ELEVATE AND MAINTAIN THE PROFESSIONAL STANDARDS OF PERSONS ENGAGED IN THE REAL ETATE BUSINESS. PROVIDED REALTOR DESIGNATION COURSES THROUGH PARTNERSHP WITH SPECIALTY INSTITUTES, AND LOCAL BOARDS FOR GRI AND STRATEGIES. IN 2024, A TOTAL OF 69 CLASSES WERE OFFERED WITH 1,620 ATTENDEES. ADDITIONALLY, 16 WEBINARS ON RELEVANT REAL ESTATE TOPICS, LEGAL ISSUES, AND SUBJECTS SPECIFIC TO PRINCIPAL BROKERS AND BROKERS-IN-CHARGE WERE HELD, DRAWING 3758 ATTENDEES.

    Expenses $462,371 · Revenue $123,999

  • THE HAWAII REALTORS GOVERNMENT AFFAIRS DIVISION IS RESPONSIBLE FOR PROTECTING, PROMOTING, AND ADVANCING THE PUBLIC POLICY INTERESTS AND OBJECTIVES OF REALTORS THROUGH POLITICAL ADVOCACY AND MEMBER PARTICIPATION IN LEGISLATIVE ACTIVITIES, SUCH AS MAINTAINING OPEN LINES OF COMMUNICATION BETWEEN STATE AND GOVERNMENT OFFICIALS ON REAL ESTATE ISSUES, BUILDING RELATIONSHIPS WITH OTHER ORGANIZATIONS TO CREATE SUPPORT, AND WORKING DIRECTLY WITH MEMBERS TO DETERMINE WHAT ISSUES ARE OF CONCERN TO REAL ESTATE IN HAWAII. THE PRIMARY EFFORT OF THE HAWAII REALTORS' GOVERNMENT AFFAIRS IS AT THE STATE LEVEL, INCLUDING BUT NOT LIMITED TO THE LEGISLATURE, EXECUTIVE BRANCH AND STATE AGENCIES. HOWEVER, THE DIVISION MAY, FROM TIME TO TIME, BE INVOLVED WITH ISSUES AT THE FEDERAL LEVEL THROUGH THE NATIONAL ASSOCIATION OF REALTORS AND AT THE COUNTY LEVEL. IN 2024, THE GOVERNMENT AFFAIRS COMMITTEE PRIORITY ISSUE WAS CLARIFYING PRICE FREEZING DURING A STATE OF EMERGENCY WHICH APPLIED TO RENTAL HOUSING. DURING THE SESSION, HAR TESTIFIED 167 TIMES.

    Expenses $578,870

  • PROVIDED MEMBERS WITH FREE ACCESS TO STANDARD FORMS THROUGH AN ONLINE PLATFORM THAT ALLOWS REALTORS TO EFFICIENTLY PREPARE, COMPLETE, AND MANAGE REAL ESTATE CONTRACTS IN COMPLIANCE WITH HAWAI'I LAWS AND INDUSTRY STANDARDS.

    Expenses $181,170

  • MAUI FIRE RELIEF

    Expenses $47,029

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kevin Inn

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Shannon Heaven

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Kevin Lewis

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Sunita Przewlocki

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Roberta Charles

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Paul Roy

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Marilyn Griffin

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Tim Stice

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Romy Jacobson

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Mike Drutar

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Julie Meier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Lance Owens

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10

  • Gina Duncan

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kalama Kim

    IMM. PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Olivia Schubert Moschell

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Rachel Ball Phillips

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Nancy Donahue Jones

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $223,044
    From this org
    $206,823
    From related orgs
    $0
    Other
    $16,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,823
    Bonus
    $0
    Other
    $0
    Deferred
    $11,411
    Nontaxable benefits
    $4,810
    Filer's total
    $223,044

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 · Compensation committee
  • 3 · Written employment contract

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 PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT, OFFICERS, AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD MEMBERS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 October 2025
IRS schema version
2024v5.2
Source object
202542979349302319

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