Totals
- Total revenue
- $1,952,632
- Total expenses
- $1,607,523
- Contributions and grants received
- $0
- Grants paid
- $2,500
- Program service revenue
- $1,886,564
- Investment income
- $25,535
- Other revenue
- $40,533
- Total assets, end of year
- $3,443,832
- Total liabilities, end of year
- $776,317
- Net assets or fund balances, end of year
- $2,667,515
- 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,LESS ALLOC TF
total $908,837 · related or exempt $908,837
-
2b · Program service revenue: EDUCATION COURSES & MEETINGS
total $420,325 · related or exempt $420,325
-
2c · Program service revenue: CONVENTIONS, EXCL FUNDRAISING
total $346,293 · related or exempt $346,293
-
2d · Program service revenue: ADVERTISING & SPONSORS,EXCLTF
total $192,925 · related or exempt $192,925
-
2e · Program service revenue: TERRA FIRMA NEWSLETTER
total $40,162 · related or exempt $24,693 · unrelated business $15,469
-
2f · All other program service revenue
total -$21,978 · related or exempt -$21,978
-
3 · Investment income
total $44,827 · excluded $44,827
-
5 · Royalties
total $29,620 · excluded $29,620
-
7a · Gross sales of assets other than inventory
securities $538,426 · other assets $1,180
-
7b · Less cost or other basis and sales expenses
securities $558,898
-
7c · Gain or loss
securities -$20,472 · other assets $1,180
-
7d · Net gain or loss
total -$19,292 · excluded -$19,292
-
11a · Other revenue: LEF MANAGEMENT SERVICES
total $28,549 · unrelated business $28,549
-
11b · Other revenue: OPEN FENCES MEDIA LLC
total -$17,636 · related or exempt -$17,636
-
11e · Other revenue, total
$10,913
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500
-
5 · Compensation of officers, directors and key employees
total $206,710
-
7 · Other salaries and wages
total $393,520
-
8 · Pension plan contributions
total $36,900
-
9 · Other employee benefits
total $110,574
-
10 · Payroll taxes
total $42,485
-
11b · Fees: legal
total $3,247
-
11c · Fees: accounting
total $33,439
-
11f · Fees: investment management
total $12,688
-
11g · Fees: other
total $113,853
-
12 · Advertising and promotion
total $17,871
-
13 · Office expenses
total $98,277
-
14 · Information technology
total $89,779
-
16 · Occupancy
total $39,818
-
17 · Travel
total $73,916
-
19 · Conferences, conventions and meetings
total $252,048
-
22 · Depreciation, depletion and amortization
total $35,661
-
24a · Other expenses: PRINTING & PRODUCTION
total $17,419
-
24b · Other expenses: POSTAGE
total $11,525
-
24c · Other expenses: LAYOUT
total $10,000
-
24d · Other expenses: DONATION TO RPAC
total $2,500
-
24e · All other expenses
total $2,793
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $814,789 · end of year $1,119,656
-
2 · Savings and temporary cash investments
beginning of year $548,825 · end of year $528,588
-
4 · Accounts receivable
beginning of year $2,251 · end of year $951
-
9 · Prepaid expenses and deferred charges
beginning of year $64,252 · end of year $81,314
-
10a · Land, buildings and equipment: cost or other basis
$130,932
-
10b · Land, buildings and equipment: accumulated depreciation
$67,418
-
10c · Land, buildings and equipment, net
beginning of year $79,018 · end of year $63,514
-
11 · Investments: publicly traded securities
beginning of year $1,307,815 · end of year $1,474,809
-
12 · Investments: other securities
beginning of year $175,000 · end of year $175,000
-
17 · Accounts payable and accrued expenses
beginning of year $30,068 · end of year $56,984
-
19 · Deferred revenue
beginning of year $792,507 · end of year $719,333
-
27 · Net assets without donor restrictions
beginning of year $2,169,375 · end of year $2,667,515
Mission and programs · 2023
Mission
THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. IT IS A MEMBERSHIP ORGANIZATION CREATED FOR AND BY LAND SALES EXPERTS, AND OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS, DEVELOP NETWORKING AND REFERRAL OPPORTUNITIES AND SERVE AS A VOICE IN WASHINGTON ON LAND-RELATED ISSUES.
Activities or mission (Part I)
THE REALTORS LAND INSTITUTE IS DEDICATED TO BUILDING KNOWLEDGE, BUILDING RELATIONSHIPS, AND BUILDING BUSINESS FOR ITS MEMBERS. THE ORGANIZATION OFFERS PROGRAMS AND SERVICES DESIGNED TO PROVIDE SUPERIOR LAND EDUCATION.
-
THE REALTORS LAND INSTITUTE IS DEDICATED TO CONTINUAL ENHANCEMENT OF ITS EDUCATIONAL INITIATIVES INCLUDING ITS LAND UNIVERSITY CURRICULUM AND NATIONAL LAND CONFERENCE, ALL OF WHICH FALL UNDER THE ORGANIZATION'S "LANDU" BANNER. THE ORGANIZATION DELIVERS PROFESSIONAL EDUCATION THROUGH AN 11-COURSE CORE CURRICULUM, ON TOPICS SUCH AS LAND 101, LAND INVESTMENT ANALYSIS, AND TAX IMPLICATIONS FOR REAL ESTATE. THESE EDUCATIONAL INITIATIVES ARE DESIGNED TO PROVIDE BEST IN CLASS PROFESSIONAL EDUCATION FOR LAND SPECIALISTS. IN 2023, NO MAJOR CHANGES WERE MADE TO CURRICULUM.
-
THE REALTORS LAND INSTITUTE UTILIZES ELECTRONIC TECHNOLOGY TO IMPROVE COMMUNICATIONS, PROMOTE EFFICIENCIES, AND EXPAND ITS REACH. THROUGH ITS WEBSITE, THE ORGANIZATION OFFERS ITS MEMBERS INDIVIDUAL MEMBER PROFILES WHICH HIGHLIGHT THEIR EXPERTISE AND EXPERIENCE. IN ADDITION, RLI PRODUCES A WEB SEMINAR SERIES, WHICH ALLOWS BOTH MEMBERS AND NON-MEMBERS TO ACCESS CURRENT INFORMATION ONLINE. THE ASSOCIATION ALSO HAS AN ORGANIZATIONAL PRESENCE THROUGH A VARIETY OF SOCIAL MEDIA PLATFORMS.
-
THE REALTORS LAND INSTITUTE IS DEDICATED TO UPGRADES TO ITS COMMUNICATION INITIATIVES, AS EFFECTIVE COMMUNICATION MUST BE AT THE CORE OF ANY MEMBERSHIP ASSOCIATION. ONE SUCH ENHANCEMENT HAS BEEN THROUGH THE GROWTH AND ENHANCEMENT OF THE ORGANIZATION'S ELECTRONIC AND PRINTED NEWSLETTERS WHICH OFFER EXPANDED COVERAGE OF LAND ISSUES, INCLUDING LEGISLATIVE AND RELATED TOPICS.
-
AS A 501C6 ORGANIZATION, PROGRAM EXPENSES ARE NOT REQUIRED TO BE ALLOCATED ON THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Luke WorrellLUKE WORRELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Sam BowersSAM BOWERS
PRESIDENT-EL
- Total calculated
- $0
- Hours/week
- 1.25
-
Dan MurphyDAN MURPHY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1.25
-
Thomas KrajewskiTHOMAS KRAJEWSKI
TREASURER
- Total calculated
- $0
- Hours/week
- 1.25
-
Bob TurnerBOB TURNER
NAR EXECUTIV
- Total calculated
- $0
- Hours/week
- 1.25
-
Norma NisbetNORMA NISBET
ALC DESIGNAT
- Total calculated
- $0
- Hours/week
- 0.75
-
Matt DavisMATT DAVIS
GOVT AFFAIRS
- Total calculated
- $0
- Hours/week
- 0.75
-
Trent ListerTRENT LISTER
FUTURE LEADE
- Total calculated
- $0
- Hours/week
- 0.75
-
Stephen DavisSTEPHEN DAVIS
EDUCATION CO
- Total calculated
- $0
- Hours/week
- 0.75
-
Mike GarrettMIKE GARRETT
AT LARGE DIR
- Total calculated
- $0
- Hours/week
- 0.75
-
Joel KingJOEL KING
AT LARGE DIR
- Total calculated
- $0
- Hours/week
- 0.75
-
William RollinsWILLIAM ROLLINS
AT LARGE DIR
- Total calculated
- $0
- Hours/week
- 0.75
-
Dean SaundersDEAN SAUNDERS
IMMED PAST P
- Total calculated
- $0
- Hours/week
- 0.75
-
Russell RiggsRUSSELL RIGGS
LEGISLATIVE/
- Total calculated
- $0
- Hours/week
- 0.75
-
Aubrie KobernusAUBRIE KOBERNUS
CHIEF EXEC.O
- Total calculated
- $258,535
- From this org
- $206,815
- From related orgs
- $0
- Other
- $51,720
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $26,250
- Other
- $5,565
- Deferred
- $17,500
- Nontaxable benefits
- $34,220
- Filer's total
- $258,535
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 · 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421699349301767
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