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← GREATER LAS VEGAS ASSOCIATION OF REALTORS

Form 990 for tax year 2023

Filed by GREATER LAS VEGAS ASSOCIATION OF REALTORS.

Totals

Total revenue
$12,943,000
Total expenses
$8,496,062
Contributions and grants received
$0
Grants paid
$92,500
Program service revenue
$9,830,124
Investment income
$2,807,804
Other revenue
$305,072
Total assets, end of year
$50,167,556
Total liabilities, end of year
$18,692,470
Net assets or fund balances, end of year
$31,475,086
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $9,173,765 · related or exempt $9,173,765

  • 2b · Program service revenue: MEMBERSHIP MEETINGS AND EVENT

    total $396,508 · related or exempt $396,508

  • 2c · Program service revenue: MEMBERSHIP EDUCATION

    total $254,691 · related or exempt $254,691

  • 2d · Program service revenue: PROFESSIONAL STANDARDS

    total $5,160 · related or exempt $5,160

  • 3 · Investment income

    total $2,807,804 · excluded $2,807,804

  • 6a · Gross rents

    real property $179,172

  • 6c · Rental income or loss

    real property $179,172

  • 6d · Net rental income or loss

    total $179,172 · unrelated business $179,172

  • 10a · Gross sales of inventory

    $337,959

  • 10b · Cost of goods sold

    $249,052

  • 10c · Net income from sales of inventory

    total $88,907 · excluded $88,907

  • 11a · Other revenue: OTHER INCOME

    total $28,343 · excluded $28,343

  • 11b · Other revenue: ADVERTISING

    total $8,650 · unrelated business $8,650

  • 11e · Other revenue, total

    $36,993

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,500

  • 5 · Compensation of officers, directors and key employees

    total $1,169,504

  • 7 · Other salaries and wages

    total $2,688,880

  • 8 · Pension plan contributions

    total $146,169

  • 9 · Other employee benefits

    total $287,364

  • 10 · Payroll taxes

    total $276,925

  • 11b · Fees: legal

    total $369,011

  • 11c · Fees: accounting

    total $163,608

  • 11f · Fees: investment management

    total $91,459

  • 11g · Fees: other

    total $476,949

  • 12 · Advertising and promotion

    total $637,470

  • 13 · Office expenses

    total $718,899

  • 14 · Information technology

    total $114,660

  • 16 · Occupancy

    total $538,646

  • 17 · Travel

    total $849,823

  • 19 · Conferences, conventions and meetings

    total $315,746

  • 20 · Interest

    total $383,610

  • 22 · Depreciation, depletion and amortization

    total $526,309

  • 23 · Insurance

    total $137,179

  • 24a · Other expenses: ACCESS FEES AND SUPPLIES

    total $1,989,352

  • 24b · Other expenses: TAXES

    total $117,351

  • 24c · Other expenses: AWARDS

    total $71,323

  • 24d · Other expenses: MISCELLANEOUS

    total $31,625

  • 24e · All other expenses

    total -$3,698,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,191,173 · end of year $1,181,945

  • 2 · Savings and temporary cash investments

    beginning of year $13,514,135 · end of year $16,077,742

  • 4 · Accounts receivable

    beginning of year $466,219 · end of year $580,049

  • 8 · Inventories for sale or use

    beginning of year $106,628 · end of year $126,545

  • 9 · Prepaid expenses and deferred charges

    beginning of year $310,202 · end of year $270,026

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

    $15,477,763

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

    $3,178,217

  • 10c · Land, buildings and equipment, net

    beginning of year $12,503,175 · end of year $12,299,546

  • 11 · Investments: publicly traded securities

    beginning of year $16,902,523 · end of year $19,593,344

  • 15 · Other assets

    beginning of year $61,007 · end of year $38,359

  • 17 · Accounts payable and accrued expenses

    beginning of year $703,194 · end of year $789,719

  • 19 · Deferred revenue

    beginning of year $3,859,851 · end of year $3,578,635

  • 22 · Loans and payables to officers and key people

    beginning of year $3,838,494 · end of year $4,984,630

  • 23 · Secured mortgages and notes payable

    beginning of year $8,420,397 · end of year $8,089,779

  • 25 · Other liabilities

    beginning of year $1,304,700 · end of year $1,249,707

  • 27 · Net assets without donor restrictions

    beginning of year $26,928,426 · end of year $31,475,086

Mission and programs · 2023

Mission

THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).

  • THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wendy Divecchio See Sch O

    CEO

    Total calculated
    $453,121
    From this org
    $418,972
    From related orgs
    $0
    Other
    $34,149
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $418,972
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,481
    Nontaxable benefits
    $10,668
    Filer's total
    $453,121

  • Daniel Harris See Sch O

    COO

    Total calculated
    $238,714
    From this org
    $208,636
    From related orgs
    $0
    Other
    $30,078
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $208,636
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,410
    Nontaxable benefits
    $10,668
    Filer's total
    $238,714

  • Stephanie Hill See Sch O

    MLS/CALV DIR

    Total calculated
    $224,528
    From this org
    $192,102
    From related orgs
    $0
    Other
    $32,426
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $192,102
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,386
    Nontaxable benefits
    $15,040
    Filer's total
    $224,528

  • Gloria Johnson See Sch O

    CONTROLLER

    Total calculated
    $222,716
    From this org
    $186,438
    From related orgs
    $0
    Other
    $36,278
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $186,438
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,442
    Nontaxable benefits
    $19,836
    Filer's total
    $222,716

  • Krista Baker See Sch O

    VP OF MEMBER

    Total calculated
    $191,172
    From this org
    $167,417
    From related orgs
    $0
    Other
    $23,755
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $167,417
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,273
    Nontaxable benefits
    $8,482
    Filer's total
    $191,172

  • Lucho Suarez See Sch O

    DIR OF TECHN

    Total calculated
    $172,103
    From this org
    $156,338
    From related orgs
    $0
    Other
    $15,765
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $156,338
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,097
    Nontaxable benefits
    $10,668
    Filer's total
    $172,103

  • Armida Maldonado See Sch O

    VP OF EDUCAT

    Total calculated
    $178,727
    From this org
    $145,588
    From related orgs
    $0
    Other
    $33,139
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $145,588
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,103
    Nontaxable benefits
    $20,036
    Filer's total
    $178,727

  • Jeffrey Yerger See Sch O

    CHIEF SECURI

    Total calculated
    $144,913
    From this org
    $134,245
    From related orgs
    $0
    Other
    $10,668
    Hours/week
    30 + 10 related

  • Austin Williamson See Sch O

    UX/UI DESIGN

    Total calculated
    $138,914
    From this org
    $120,167
    From related orgs
    $0
    Other
    $18,747
    Hours/week
    30 + 10 related

  • Lee Barrett See Sch O

    PRESIDENT

    Total calculated
    $11,150
    From this org
    $11,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stephanie Grant See Sch O

    VICE PRESIDE

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Merri Perry

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    2

  • Joshua Campa

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Brandon Roberts

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Natalie Allred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Anderson See Sch O

    DIRECTOR

    Total calculated
    $4,525
    From this org
    $4,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Christopher Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bobbie Dust

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Britney Gaitan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Geoffrey Lavell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elie Morris See Sch O

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shane Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Rich See Sch O

    DIRECTOR

    Total calculated
    $10,750
    From this org
    $10,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Geoffrey Zahler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donna Ruthe

    PARLIAMENTAR

    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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.

  • GLVAR MLS

    MLS DUES · NV · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.0
Source object
202432539349300988

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