Totals
- Total revenue
- $2,748,399
- Total expenses
- $3,305,083
- Contributions and grants received
- $15,000
- Grants paid
- $500,000
- Program service revenue
- $2,318,222
- Investment income
- $37,354
- Other revenue
- $377,823
- Total assets, end of year
- $7,447,006
- Total liabilities, end of year
- $1,065,206
- Net assets or fund balances, end of year
- $6,381,800
- 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.
-
1f · All other contributions, gifts and grants
$15,000
-
2a · Program service revenue: CONVENTION INCOME
total $301,884 · related or exempt $301,884
-
2b · Program service revenue: EDUCATION PROGRAMS
total $27,128 · related or exempt $27,128
-
2c · Program service revenue: LEADERSHIP TRAINING
total $9,000 · related or exempt $9,000
-
2d · Program service revenue: MEMBER PROJECTS
total $29,765 · related or exempt $29,765
-
2e · Program service revenue: Membership Dues & Assessments
total $1,947,985 · related or exempt $1,947,985
-
2f · All other program service revenue
total $2,460 · related or exempt $2,460
-
3 · Investment income
total $77,145 · excluded $77,145
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $337
-
6c · Rental income or loss
real property $337
-
6d · Net rental income or loss
total $337 · excluded $337
-
7a · Gross sales of assets other than inventory
securities $279,918
-
7b · Less cost or other basis and sales expenses
securities $319,709
-
7c · Gain or loss
securities -$39,791
-
7d · Net gain or loss
total -$39,791 · excluded -$39,791
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$581,340
-
10b · Cost of goods sold
$204,524
-
10c · Net income from sales of inventory
total $376,816 · related or exempt $376,816
-
11a · Other revenue: ADVERTISING INCOME
total $250 · excluded $250
-
11b · Other revenue: MEMBER SERVICE ROYALTIES
total $420 · excluded $420
-
11e · Other revenue, total
$670
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $500,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $880,155
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $237,009
-
8 · Pension plan contributions
total $14,530
-
9 · Other employee benefits
total $71,838
-
10 · Payroll taxes
total $69,816
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $35,882
-
11c · Fees: accounting
total $46,409
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $17,234
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $23,055
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $91,971
-
17 · Travel
total $254,359
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $67,825
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $77,036
-
23 · Insurance
total $17,951
-
24a · Other expenses: CONVENTION
total $425,704
-
24b · Other expenses: LEGISLATION
total $163,463
-
24c · Other expenses: MEMBER PROJECTS
total $88,125
-
24d · Other expenses: BANKING & E-COMMERCE FEES
total $59,696
-
24e · All other expenses
total $163,025
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $286,796 · end of year $131,310
-
2 · Savings and temporary cash investments
beginning of year $3,462,712 · end of year $3,408,692
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $5,005 · end of year $47,712
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $190,617 · end of year $171,711
-
10a · Land, buildings and equipment: cost or other basis
$2,530,333
-
10b · Land, buildings and equipment: accumulated depreciation
$981,438
-
10c · Land, buildings and equipment, net
beginning of year $1,613,128 · end of year $1,548,895
-
11 · Investments: publicly traded securities
beginning of year $1,855,311 · end of year $2,103,053
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $35,573 · end of year $35,633
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $8,554 · end of year $354,026
-
19 · Deferred revenue
beginning of year $701,085 · end of year $672,728
-
21 · Escrow or custodial account liability
beginning of year $1,057 · end of year $1,057
-
25 · Other liabilities
beginning of year $36,878 · end of year $37,395
-
27 · Net assets without donor restrictions
beginning of year $6,701,568 · end of year $6,381,800
Mission and programs · 2023
Mission
TRADE ASSOCIATION ORGANIZED FOR REALTORS DOING BUSINESS IN THE STATE OF ARKANSAS. THE ASSOCIATION WAS ESTABLISHED TO PROMOTE THE REAL ESTATE INDUSTRY IN GENERAL AND TO PROVIDE EDUCATIONAL ENRICHMENT AND RISK REDUCTION FOR ITS MEMBERS.
-
THE ASSOCIATION HAS PRODUCED STANDARDIZED INDUSTRY FORMS AND SOFTWARE FOR ITS MEMBERSHIP. THE PRIMARY PURPOSE IS RISK (LIABILITY) REDUCTION. THE FORMS AND SOFTWARE ARE AVAILABLE FOR SALE ONLY TO LICENSED REAL ESTATE BROKERS AND AGENTS. ELECTRONIC FORMS ARE AVAILABLE ONLY TO REALTORS WHO ARE MEMBERS OF THE ASSOCIATION. PAPER FORMS ARE AVAILABLE TO MEMBERS AND NON-MEMBERS.
-
THE ASSOCIATION SPONSORS AN ANNUAL CONVENTION FOR ITS MEMBERS. THE CONVENTION INCLUDES SPEAKERS, EDUCATION SEMINARS, TABLE-TOP EXHIBITS, AND A GENERAL EXCHANGE OF IDEAS. APPROXIMATELy 684 PERSONS ATTENDED THE 2023 CONVENTION.
-
MEMBER PROJECTS PRIMARILY REPRESENTS THE ANNUAL "AWARDS FOR EXCELLENCE" PROGRAM WHICH RECOGNIZES REALTOR MEMBERS MEETING CERTAIN SALES STANDARDS IN THE PRIOR YEAR. APPROXIMATELY 982 MEMBER REALTORS WERE RECOGNIZED WITH AWARDS FOR EXCELLENCE. MEMBER PROJECTS ALSO INCLUDES THE ASSOCIATION'S ANNUAL SPONSORSHIP OF FUND-RAISING CAMPAIGNS BENEFITTING THE ARKANSAS SPECIAL OLYMPICS AND HEARTS & HOMES, INC. OTHER MEMBER PROJECTS INCLUDE PROMOTION AND ADVANCEMENT OF PROFESSIONAL STANDARDS AND CONTINUING PUBLIC RELATIONS CAMPAIGNS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
BARBARA M BASS
FORMER CEO
- Total calculated
- $427,971
- From this org
- $412,863
- From related orgs
- $0
- Other
- $15,108
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $412,863
- Bonus
- not reported
- Other
- not reported
- Deferred
- $3,614
- Nontaxable benefits
- $11,494
- Filer's total
- $427,971
-
KIM ASHCRAFT
FORMER CFO
- Total calculated
- $142,572
- From this org
- $127,852
- From related orgs
- $0
- Other
- $14,720
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $127,852
- Bonus
- not reported
- Other
- not reported
- Deferred
- $2,642
- Nontaxable benefits
- $12,078
- Filer's total
- $142,572
-
AMY HAIR
INTERIM CEO
- Total calculated
- $131,449
- From this org
- $117,928
- From related orgs
- $0
- Other
- $13,521
- Hours/week
- 50
-
MARGARET BELL
Director
- Total calculated
- $0
- Hours/week
- 2
-
KENDRA BRUCE
Director
- Total calculated
- $0
- Hours/week
- 2
-
PHILLIP JONES
Director
- Total calculated
- $0
- Hours/week
- 2
-
DEBBIE COLLINS
Director
- Total calculated
- $0
- Hours/week
- 2
-
APRIL FINDLAY
Director
- Total calculated
- $0
- Hours/week
- 2
-
KIM BYRD
Director
- Total calculated
- $0
- Hours/week
- 2
-
CINDY MEYERS
Director
- Total calculated
- $0
- Hours/week
- 2
-
MICHELLE HEILES
Director
- Total calculated
- $0
- Hours/week
- 2
-
WLLIAM OLSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
WES FREEMAN
SEC-TREAS
- Total calculated
- $0
- Hours/week
- 5
-
JESSICA JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
KRISTEN KENNON
Director
- Total calculated
- $0
- Hours/week
- 2
-
AMY EDEN
Director
- Total calculated
- $0
- Hours/week
- 2
-
KAREN CROWSON
Director
- Total calculated
- $0
- Hours/week
- 2
-
RONALD STINCHCOMB
Director
- Total calculated
- $0
- Hours/week
- 2
-
DANIEL GRAY
Director
- Total calculated
- $0
- Hours/week
- 2
-
DON MCNAUGHTON
Director
- Total calculated
- $0
- Hours/week
- 2
-
JACK POFF
Director
- Total calculated
- $0
- Hours/week
- 2
-
JERRY CARLTON
Director
- Total calculated
- $0
- Hours/week
- 2
-
PAULETTE RICHIE
President
- Total calculated
- $0
- Hours/week
- 5
-
VELDA LUEDERS
Director
- Total calculated
- $0
- Hours/week
- 2
-
JAMES RHODES
Director
- Total calculated
- $0
- Hours/week
- 2
-
NANCY WRIGHT
Director
- Total calculated
- $0
- Hours/week
- 2
-
SHARLA LAU
Director
- Total calculated
- $0
- Hours/week
- 2
-
AARON MEYERS
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHERYL GENTRY
Director
- Total calculated
- $0
- Hours/week
- 2
-
NIKKI POLYCHRON
Director
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER WELCH
PRES ELECT
- Total calculated
- $0
- Hours/week
- 5
-
JONATHAN MOORE
Director
- Total calculated
- $0
- Hours/week
- 2
-
RANDALL NICHOLS
Director
- Total calculated
- $0
- Hours/week
- 2
-
KRISTYN COOLEY
Director
- Total calculated
- $0
- Hours/week
- 2
-
STACY HAMILTON
Director
- Total calculated
- $0
- Hours/week
- 2
-
CAROLYN COBB
Director
- Total calculated
- $0
- Hours/week
- 2
-
JOESEPH MARKOWSKI
Director
- Total calculated
- $0
- Hours/week
- 2
-
MIKE FORD
Director
- Total calculated
- $0
- Hours/week
- 2
-
SUSAN VAUGHT
Director
- Total calculated
- $0
- Hours/week
- 2
-
BOBBIE HIMEL
Director
- Total calculated
- $0
- Hours/week
- 2
-
JEFF PRATT
Director
- Total calculated
- $0
- Hours/week
- 2
-
MELINDA PURVIS
Director
- Total calculated
- $0
- Hours/week
- 2
-
LESLIE SAMPLE
Director
- Total calculated
- $0
- Hours/week
- 2
-
JANELLE DYER
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHRISTOPHER MCBRIDE
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHANCE SCHUBERT
Director
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT MILLER
Director
- Total calculated
- $0
- Hours/week
- 2
-
DARLA DOUGLAS
Director
- Total calculated
- $0
- Hours/week
- 2
-
RACHEL MUNDY
Director
- Total calculated
- $0
- Hours/week
- 2
-
SUZETT SPARKS
Director
- Total calculated
- $0
- Hours/week
- 2
-
ALICIA DEMAREST
Director
- Total calculated
- $0
- Hours/week
- 2
-
ANGEL RAWLINGS
Director
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT WEIGEL
Director
- Total calculated
- $0
- Hours/week
- 2
-
FRANKIE RIVERS
Director
- Total calculated
- $0
- Hours/week
- 2
-
MAURICE TAYLOR
Director
- Total calculated
- $0
- Hours/week
- 2
-
ASHTON TODD
Director
- Total calculated
- $0
- Hours/week
- 2
-
GINA WILKINS
Director
- Total calculated
- $0
- Hours/week
- 2
-
DOYLE YATES
Director
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS POLYCHRON
Director
- Total calculated
- $0
- Hours/week
- 2
-
SANDRA KELLEY
PAST PRES
- Total calculated
- $0
- Hours/week
- 5
-
BOB DODSON
Director
- 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 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 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
-
$250,000
DISASTER RELIEF DONATION
-
$250,000
ENDOWED SCHOLARSHIP
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.
-
HEARTS & HOMES OF ARKANSAS INC
501(C)(3) · CHARITABLE · AR · controlled entity
Directly controlled by ARKANSAS REALTORS ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349319728
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.