Form 990 for tax year 2025

Totals

Total revenue

$3,429,282

Total expenses

$3,585,740

Contributions and grants received

$0

Grants paid

$11,809

Program service revenue

$1,626,372

Investment income

$154,955

Other revenue

$1,647,955

Total assets, end of year

$4,636,469

Total liabilities, end of year

$1,503,829

Net assets or fund balances, end of year

$3,132,640

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

$3,641,930

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.

Mission and programs · 2025

• MEMBERSHIP DUES ARE BASED ON THE BUDGETARY NEEDS TO FINANCIALLY ACCOMPLISH PRE-PLANNED OBJECTIVES. THE PROFITS FROM THE EDUCATIONAL PROGRAM AND INCOME FROM INVESTMENTS OFFSETS SOME OF THE EXPENSES RELATED TO THESE OBJECTIVES, AND THE REMAINDER IS FUNDED BY THE DUES. THE MAJOR EXPENSES FUNDED BY DUES INCLUDE THE ADMINISTRATIVE FUNCTION WHICH INCLUDES BANK FEES AND MEETING EXPENSES. ALSO INCLUDED IS THE GOVERNANCE FUNCTION WHICH INCLUDES LEADERSHIP TRAINING FOR OUR VOLUNTEER LEADERS, STRATEGIC PLANNING AND TRAVEL TO THE NATIONAL ASSOCIATION OF REALTOR MEETINGS. ANOTHER AREA FUNDED BY THE DUES INCOME IS MEMBERSHIP SERVICES EXPENSES. THIS AREA INCLUDES PROFESSIONAL STANDARDS EXPENSES RELATED TO TRAINING AND ARBITRATION HEARINGS. THIS AREA ALSO INCLUDES THE EXPENSE OF OUR ON-LINE FORMS APPLICATION WHICH PROVIDES ALL OF OUR COPYRIGHTED FORMS TO OUR MEMBERS TO UTILIZE IN THEIR TRANSACTIONS. COMMUNICATION AND PUBLIC RELATIONS IS FUNDED BY DUES INCOME. THIS AREA INCLUDES THE COST OF OUR PUBLIC RELATIONS CONSULTANT, PRESS RELEASES, AND AN ELECTRONIC NEWSLETTER TO OUR MEMBERSHIP. OUR CONTRACT LOBBYIST IS FUNDED THROUGH THE DUES INCOME AS WELL AS LOBBYING EXPENSES INCURRED BY OUR STAFF. DUES ALSO FUND ALL OF OUR OVERHEAD EXPENSES WHICH INCLUDE OUR RENT AND UTILITIES FOR OUR OFFICE SPACE, AND SALARIES AND RELATED BENEFITS FOR THOSE EMPLOYEES WHO WORK FOR THE ASSOCIATION.

  Expenses $3,052,409 · Revenue $1,117,557

• THE PROFESSIONAL DEVELOPMENT DEPARTMENT IS OUR EDUCATION DEPARTMENT. WE PROVIDE OUR MEMBERS WITH THE ABILITY TO MEET THE MANDATES OF THE DEPARTMENT OF BUSINESS REGULATION'S MINIMUM REQUIREMENT FOR LICENSURE. THE PROF. DEVELOPMENT DEPT. OFFERS ALL OF THE MANDATORY COURSES AS WELL AS A GOOD NUMBER OF OPTIONAL COURSES TO MEET THE CREDIT HOURS MANDATED BY "DBR". WE ALSO OFFER MANY EDUCATIONAL COURSES BEYOND THE MINIMUM REQUIREMENT TO ENABLE THEM TO REMAIN CURRENT WITH INDUSTRY STANDARDS. WE ALSO OFFER A GROUP OF COURSES WHICH, IF TAKEN, AFFORD THE MEMBER THE HONOR OF A DESIGNATION ACKNOWLEDGED BY THE NATIONAL ASSOCIATION OF REALTORS.

  Expenses $480,318 · Grants $11,809 · Revenue $373,843

• THE ANNUAL MEETING INCLUDES OUR FINANCIAL REVIEW FOR THE PREVIOUS YEAR, REVIEW OF THE MINUTES FROM THE PREVIOUS ANNUAL MEETING, INCLUDES A VOTE ON ANY PROPOSED BY-LAW CHANGES, ACKNOWLEDGES ALL OF THE VOLUNTEERS WHO HAVE SERVED IN LEADERSHIP AND COMMITTEE POSITIONS FOR THE YEAR, AND ALSO SERVES AS THE VENUE FOR THE INSTALLATION OF OFFICERS FOR THE NEW YEAR.THE ANNUAL PROGRAM (MINI CONVENTION) IS AN ALL-DAY EVENT THAT INCLUDES SPEAKERS (SOME PAID AND SOME VOLUNTEER) WHO SPEAK ABOUT CURRENT ISSUES AND TRENDS, TECHNOLOGY AND OTHER BUSINESS RELATED TOPICS. THE EVENT INCLUDES A BUFFET LUNCH, AND A SMALL TRADE SHOW AREA. THE ASSOCIATION GETS SPONSORSHIP MONEY FROM AFFILIATE MEMBERS, AND ALSO CHARGES A FEE FOR AN EXHIBITOR BOOTH FOR THE TRADE SHOW. MOST OF THE TRADE SHOW BOOTHS ARE PURCHASED BY COMPANIES THAT ARE DIRECTLY INVOLVED WITH THE REAL-ESTATE BUSINESS. THERE IS NO CHARGE TO OUR MEMBERSHIP TO ATTEND THIS INFORMATION DAY. ALTHOUGH IT IS NOT A MONEY MAKER, IT IS A HUGE MEMBERSHIP BENEFIT WHICH THE REALTORS AND VENDORS APPRECIATE.

  Expenses $86,232 · Revenue $16,493

• OTHER PROGRAM SERVICES

  Expenses $22,971 · Revenue $118,479

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• REALTOR FOUNDATION - RHODE ISLAND

  $5,000

  GENERAL FUNDING

• NEWPORT COUNTY DEVELOPMENT COUNCIL

  $2,500

  GENERAL FUNDING

• THE PROVIDENCE FOUNDATION

  $1,250

  GENERAL FUNDING

• BEST BUDDIES

  $809

  GENERAL FUNDING

• NARRAGANSETT COUNCIL BOY SCOUTS OF AMERICA

  $500

  GENERAL FUNDING

• GROW SMART RI

  $500

  GENERAL FUNDING

• HOUSINGWORKS RI

  $500

  GENERAL FUNDING

• CHILDHOOD LEAD ACTION PROJECT

  $500

  GENERAL FUNDING

• ST JUDE CHILDREN'S RESEARCH HOSPITAL

  $250

  GENERAL FUNDING

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.

• THE REALTOR FOUNDATION-RHODE ISLAND

  501(C)(3) · TO ORGANIZE VOLUNTEERS AND RAISE MONEY FOR ALTRUISTIC PURPOSES. · RI

• REALTORS PAC OF RI

  527 · POLITICAL ACTION COMMITTEE · RI

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.

Provenance

Return type

form_990

Tax year

2025

Filed

29 July 2026

IRS schema version

2025v4.2

Source object

202622299349300247

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