Form 990 for tax year 2025
Filed by CONNECTICUT ASSOCIATION OF REALTORS INC.
Totals
- Total revenue
- $5,677,051
- Total expenses
- $5,161,847
- Contributions and grants received
- $4,939,119
- Grants paid
- $25,000
- Program service revenue
- $118,311
- Investment income
- $619,621
- Other revenue
- $0
- Total assets, end of year
- $11,537,285
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $11,537,285
- 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.
-
1b · Membership dues
$4,939,119
-
2a · Program service revenue: SPECIAL ACTIVITIES
total $81,810 · related or exempt $81,810
-
2b · Program service revenue: LAW AND POLICY
total $29,500 · related or exempt $29,500
-
2c · Program service revenue: CONFERENCES/EDUCATION
total $7,001 · related or exempt $7,001
-
3 · Investment income
total $339,807 · excluded $339,807
-
7a · Gross sales of assets other than inventory
securities $2,192,756
-
7b · Less cost or other basis and sales expenses
securities $1,912,209 · other assets $733
-
7c · Gain or loss
securities $280,547 · other assets -$733
-
7d · Net gain or loss
total $279,814 · excluded $279,814
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $25,000
-
5 · Compensation of officers, directors and key employees
total $402,673
-
7 · Other salaries and wages
total $1,716,793
-
8 · Pension plan contributions
total $189,433
-
9 · Other employee benefits
total $200,347
-
10 · Payroll taxes
total $137,555
-
11b · Fees: legal
total $25,763
-
11c · Fees: accounting
total $24,176
-
11d · Fees: lobbying
total $104,638
-
11f · Fees: investment management
total $56,313
-
11g · Fees: other
total $6,974
-
12 · Advertising and promotion
total $606,940
-
13 · Office expenses
total $57,683
-
14 · Information technology
total $109,672
-
16 · Occupancy
total $156,993
-
19 · Conferences, conventions and meetings
total $103,057
-
21 · Payments to affiliates
total $26,500
-
22 · Depreciation, depletion and amortization
total $26,715
-
23 · Insurance
total $14,198
-
24a · Other expenses: SPECIAL ACTIVITIES
total $643,112
-
24b · Other expenses: BANK & OTHER FEES
total $126,586
-
24c · Other expenses: LAW & POLICY
total $60,686
-
24d · Other expenses: REALTOR PROMOTION
total $48,477
-
24e · All other expenses
total $291,563
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $190,408 · end of year $314,766
-
2 · Savings and temporary cash investments
beginning of year $3,980,345 · end of year $3,825,356
-
10a · Land, buildings and equipment: cost or other basis
$409,390
-
10b · Land, buildings and equipment: accumulated depreciation
$292,992
-
10c · Land, buildings and equipment, net
beginning of year $119,876 · end of year $116,398
-
12 · Investments: other securities
beginning of year $6,481,230 · end of year $7,178,573
-
14 · Intangible assets
beginning of year $109,921 · end of year $102,192
-
27 · Net assets without donor restrictions
beginning of year $10,881,780 · end of year $11,537,285
Mission and programs · 2025
Mission
PROVIDE EDUCATION AND LEGAL INFORMATION, CONFERENCES AND SPECIAL ACTIVITIES; PUBLIC RELATIONS, LEGISLATIVE EFFORTS AND LOBBYING FOR MEMBERS.
Activities or mission (Part I)
PROVIDE EDUCATION/INFORMATION, CONFERENCES AND SPECIAL ACTIVITIES; PUBLIC RELATIONS, LEGISLATIVE EFFORTS AND LOBBYING FOR MEMBERS.
-
PUBLIC RELATIONS
-
EDUCATIONAL PROGRAMS, CONFERENCES AND OTHER SPECIAL ACTIVITIES
-
LEGISLATIVE EFFORTS AND LOBBYING
As filed on the 2025 return.
Listed in Part VII
-
Cynthia ButtsCYNTHIA BUTTS
CEO
- Total calculated
- $377,541
- From this org
- $349,448
- From related orgs
- $0
- Other
- $28,093
- Hours/week
- 50 + 5 related
Schedule J breakdown matched by us
- Base
- $318,388
- Bonus
- $21,136
- Other
- $9,924
- Deferred
- $10,523
- Nontaxable benefits
- $17,570
- Filer's total
- $377,541
-
James HeckmanJAMES HECKMAN
GENERAL COUNSEL/DIR OF GOVT AFFAIRS
- Total calculated
- $315,222
- From this org
- $282,223
- From related orgs
- $0
- Other
- $32,999
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $253,986
- Bonus
- $26,914
- Other
- $1,323
- Deferred
- $8,544
- Nontaxable benefits
- $24,455
- Filer's total
- $315,222
-
Stacey LaffertySTACEY LAFFERTY
ASSOCIATE COUNSEL
- Total calculated
- $222,566
- From this org
- $187,204
- From related orgs
- $0
- Other
- $35,362
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $174,720
- Bonus
- $11,454
- Other
- $1,030
- Deferred
- $5,641
- Nontaxable benefits
- $29,721
- Filer's total
- $222,566
-
Gina BallardGINA BALLARD
VP OF OPERATIONS
- Total calculated
- $193,311
- From this org
- $187,097
- From related orgs
- $0
- Other
- $6,214
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $166,242
- Bonus
- $20,197
- Other
- $658
- Deferred
- $5,630
- Nontaxable benefits
- $584
- Filer's total
- $193,311
-
Beth MecteauBETH MECTEAU
DIR OF EXECUTIVE AND FOUNDATION PROGRAMS
- Total calculated
- $217,330
- From this org
- $180,046
- From related orgs
- $0
- Other
- $37,284
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $171,222
- Bonus
- $8,028
- Other
- $796
- Deferred
- $5,449
- Nontaxable benefits
- $31,835
- Filer's total
- $217,330
-
Meredith OlintsMEREDITH OLINTS
MULTIMEDIA MANAGER AND CTR.TV PRODUCER
- Total calculated
- $174,461
- From this org
- $143,709
- From related orgs
- $0
- Other
- $30,752
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,996
- Bonus
- $11,509
- Other
- $1,204
- Deferred
- $4,329
- Nontaxable benefits
- $26,423
- Filer's total
- $174,461
-
Carl LantzCARL LANTZ
IMMEDIATE PAST PRESIDENT
- Total calculated
- $9,500
- From this org
- $9,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5 + 5 related
-
Alexandria KebaloALEXANDRIA KEBALO
PRESIDENT-ELECT
- Total calculated
- $9,500
- From this org
- $9,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Steven MillerSTEVEN MILLER
PRESIDENT
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Robert MoreyROBERT MOREY
TREASURER
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Michael AlbertMICHAEL ALBERT
REGION 2 VP
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Gayle DennehyGAYLE DENNEHY
LEGISLATIVE/POLITICAL AFFAIRS DVP
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
David GallittoDAVID GALLITTO
ADVISOR
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 2 related
-
Joel GrossmanJOEL GROSSMAN
POLICY/ DEI DVP
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Shanyelle YoungSHANYELLE YOUNG
VICE PRESIDENT AT-LARGE
- Total calculated
- $750
- From this org
- $750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Justin BetteJUSTIN BETTE
VICE PRESIDENT AT-LARGE
- Total calculated
- $632
- From this org
- $632
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Bryan TunneyBRYAN TUNNEY
FIRST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
William ArztWILLIAM ARZT
REGION 3 VP
- Total calculated
- $0
- Hours/week
- 2
-
David AurigemmaDAVID AURIGEMMA
VICE PRESIDENT AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Carol ChristiansenCAROL CHRISTIANSEN
REGION 4 VP
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Gen DistanceGEN DISTANCE
REGION 1 VP
- Total calculated
- $0
- Hours/week
- 2
-
Lorrie MaioranoLORRIE MAIORANO
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Augustus RyerAUGUSTUS RYER
VICE PRESIDENT AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
Maura AlarconMAURA ALARCON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lazaro AlbertoLAZARO ALBERTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth Allen-ByrdBETH ALLEN-BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian AmenBRIAN AMEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John AshkarJOHN ASHKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren AurestoLAUREN AURESTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael BarbaroMICHAEL BARBARO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bk BatesBK BATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BevacquaJOHN BEVACQUA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Douglas BlackwoodDOUGLAS BLACKWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Ronald BouffordRONALD BOUFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanne BreenJOANNE BREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Gregory BroadbentGREGORY BROADBENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George CainGEORGE CAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David CandeloraDAVID CANDELORA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brendan CareyBRENDAN CAREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Juliet CavanaughJULIET CAVANAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara ClericeBARBARA CLERICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ContinoDANIEL CONTINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deanna CrooksDEANNA CROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth D'ArinzoKENNETH D'ARINZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa DemartinLISA DEMARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia DeperryPATRICIA DEPERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danielle DubeDANIELLE DUBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rose EapenROSE EAPEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tammy FelensteinTAMMY FELENSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gene FercodiniGENE FERCODINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Linda FercodiniLINDA FERCODINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jean FlynnJEAN FLYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann GerschefskiANN GERSCHEFSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Catherine GonyoCATHERINE GONYO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen GranathKATHLEEN GRANATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth GrassoMARY BETH GRASSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Christine GreenCHRISTINE GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy HamiltonKATHY HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter HastingsPETER HASTINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelly HigginsKELLY HIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cezary JusinskiCEZARY JUSINSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna KarnesDONNA KARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan KeuneDAN KEUNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tamsen LangalisTAMSEN LANGALIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Levitt KaplanCARRIE LEVITT KAPLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marni LewisMARNI LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah LobanDEBORAH LOBAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn LusherMARILYN LUSHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph MaloneJOSEPH MALONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stanley MartoneSTANLEY MARTONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacey McGriff-HodgesSTACEY MCGRIFF-HODGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel MulvihillDANIEL MULVIHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lucas NashLUCAS NASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zachary NicholsZACHARY NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul PlonskyPAUL PLONSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nasha RhoneNASHA RHONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa RileyMELISSA RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy RosnerJEREMY ROSNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gena Ruocco-LockeryGENA RUOCCO-LOCKERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David SartiranaDAVID SARTIRANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Charles ScottCHARLES SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ScozzafavaJOSEPH SCOZZAFAVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terrence SheehanTERRENCE SHEEHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas ShrumTHOMAS SHRUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gina ShumillaGINA SHUMILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allan SmithALLAN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph StaffordJOSEPH STAFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly TapscottKIMBERLY TAPSCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul ThuryPAUL THURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael TraumMICHAEL TRAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tara VargheseTARA VARGHESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabriela VillacisGABRIELA VILLACIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arkadiusz WtulichARKADIUSZ WTULICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaimie AndrewsJAIMIE ANDREWS
DIRECTOR (UNTIL 03/25)
- Total calculated
- $0
- Hours/week
- 1
-
Dawn GraboverDAWN GRABOVER
DIRECTOR (UNTIL 07/25)
- Total calculated
- $0
- Hours/week
- 1
-
Robin MorrellROBIN MORRELL
DIRECTOR (UNTIL 03/25)
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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 1A
- THE ASSOCIATION OFFERS TO PAY THE MEMBERSHIP FEES FOR THE YMCA (LOCATED IN OUR BUILDING) TO ALL ITS EMPLOYEES. JAMES HECKMAN, STACEY LAFFERTY AND MEREDITH OLINTS HAVE MEMBERSHIPS PAID BY CTR. THE FEES ARE REPORTED AS A TAXABLE FRINGE BENEFIT ON THEIR W2.
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
-
TO SUPPORT THE CONNECTICUT ASSOCIATION OF REALTORS FOUNDATION.
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.
-
CONNECTICUT ASSOCIATION OF REALTORS FOUNDATION INC
501(C)(3) · FUND SCHOLARSHIPS, DISASTER RELIEF AND COMMUNITY ASSISTANCE · CT · controlled entity
Directly controlled by CONNECTICUT ASSOCIATION OF REALTORS INC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 7 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601289349302455
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