Form 990 for tax year 2023
Filed by NORTHERN VIRGINIA ASSOC OF REALTORS INCORPORATED.
Totals
- Total revenue
- $6,868,322
- Total expenses
- $7,802,295
- Contributions and grants received
- $79,500
- Grants paid
- $55,737
- Program service revenue
- $5,678,651
- Investment income
- $679,433
- Other revenue
- $430,738
- Total assets, end of year
- $22,029,329
- Total liabilities, end of year
- $3,558,609
- Net assets or fund balances, end of year
- $18,470,720
- 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.
-
1f · All other contributions, gifts and grants
$79,500
-
2a · Program service revenue: MEMBERSHIP DUES
total $3,666,911 · related or exempt $3,666,911
-
2b · Program service revenue: LOCKBOX SERVICE REVENUE
total $1,156,671 · related or exempt $1,156,671
-
2c · Program service revenue: EDUCATION REVENUE
total $349,997 · related or exempt $349,997
-
2d · Program service revenue: EVENTS & MEETINGS
total $267,483 · related or exempt $267,483
-
2e · Program service revenue: MEMBERSHIP FEES
total $192,225 · related or exempt $192,225
-
2f · All other program service revenue
total $45,364 · related or exempt $45,364
-
3 · Investment income
total $742,091 · excluded $742,091
-
5 · Royalties
total $447,526 · excluded $447,526
-
6a · Gross rents
real property $7,300
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $7,300
-
6d · Net rental income or loss
total $7,300 · related or exempt $7,300
-
7a · Gross sales of assets other than inventory
securities $2,142,182 · other assets $400
-
7b · Less cost or other basis and sales expenses
securities $2,205,240 · other assets $0
-
7c · Gain or loss
securities -$63,058 · other assets $400
-
7d · Net gain or loss
total -$62,658 · excluded -$62,658
-
10a · Gross sales of inventory
$379,852
-
10b · Cost of goods sold
$405,840
-
10c · Net income from sales of inventory
total -$25,988 · related or exempt -$26,976 · unrelated business $988
-
11a · Other revenue: ADVERTISING
total $1,900 · unrelated business $1,900
-
11e · Other revenue, total
$1,900
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $55,737
-
5 · Compensation of officers, directors and key employees
total $1,000,365
-
7 · Other salaries and wages
total $2,531,420
-
8 · Pension plan contributions
total $119,584
-
9 · Other employee benefits
total $306,076
-
10 · Payroll taxes
total $239,101
-
11b · Fees: legal
total $51,586
-
11c · Fees: accounting
total $32,800
-
11d · Fees: lobbying
total $14,121
-
11f · Fees: investment management
total $52,520
-
11g · Fees: other
total $510,551
-
12 · Advertising and promotion
total $129,887
-
13 · Office expenses
total $703,086
-
16 · Occupancy
total $621,243
-
17 · Travel
total $102,635
-
19 · Conferences, conventions and meetings
total $684,487
-
22 · Depreciation, depletion and amortization
total $468,525
-
23 · Insurance
total $17,009
-
24a · Other expenses: BANK FEES AND CREDIT CA
total $132,088
-
24b · Other expenses: BUSINESS TAXES
total $19,115
-
24c · Other expenses: MISCELLANEOUS
total $9,559
-
24d · Other expenses: BAD DEBT
total $800
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $589,476 · end of year $363,413
-
2 · Savings and temporary cash investments
beginning of year $5,590,152 · end of year $5,901,841
-
4 · Accounts receivable
beginning of year $401,030 · end of year $379,955
-
8 · Inventories for sale or use
beginning of year $280,841 · end of year $65,054
-
9 · Prepaid expenses and deferred charges
beginning of year $113,653 · end of year $124,058
-
10a · Land, buildings and equipment: cost or other basis
$13,247,158
-
10b · Land, buildings and equipment: accumulated depreciation
$7,268,447
-
10c · Land, buildings and equipment, net
beginning of year $6,371,900 · end of year $5,978,711
-
11 · Investments: publicly traded securities
beginning of year $5,925,715 · end of year $6,782,586
-
12 · Investments: other securities
beginning of year $3,222,343 · end of year $2,356,144
-
15 · Other assets
beginning of year $240,986 · end of year $77,567
-
17 · Accounts payable and accrued expenses
beginning of year $764,875 · end of year $663,969
-
19 · Deferred revenue
beginning of year $2,868,850 · end of year $2,675,377
-
25 · Other liabilities
beginning of year $409,612 · end of year $219,263
-
27 · Net assets without donor restrictions
beginning of year $18,692,759 · end of year $18,470,720
Mission and programs · 2023
Mission
ELEVATING REALTOR SUCCESS BY DELIVERING EXCEPTIONAL VALUE, DRIVING INNOVATION AND IMPACTING THE INDUSTRY.
-
THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS (NVAR) EDUCATIONAL PROGRAM SERVICE ACHIEVES THE ASSOCIATION'S PURPOSE OF PROVIDING CURRENT AND PROSPECTIVE REAL ESTATE PROFESSIONALS WITH THE KNOWLEDGE NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA AND, BY OFFERING CONTINUING EDUCATION CLASSES, ASSIST MEMBERS IN MEETING THEIR STATE LICENSING REQUIREMENTS.
-
THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF DISSEMINATING INFORMATION TO THE MEMBERSHIP AND GENERAL PUBLIC AND ADVOCATING TO PROTECT REAL PROPERTY RIGHTS. THIS INFORMATION ASSISTS IN PROVIDING VITAL INFORMATION REGARDING THE REAL ESTATE MARKET, REGULATORY AND LEGAL ISSUES AFFECTING REAL ESTATE AND THE REAL ESTATE PROFESSION IN NORTHERN VIRGINIA.
-
THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF PROVIDING MEMBERS THE PRODUCTS AND TOOLS NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA.
As filed on the 2023 return.
Listed in Part VII
-
Heather EmbreyHEATHER EMBREY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Thai Hung NguyenTHAI HUNG NGUYEN
PRESIDENT-ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Casey MenishCASEY MENISH
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Christopher R CopelandCHRISTOPHER R COPELAND
IMMEDIATE PAST PRESIDENT
- Total calculated
- $17,160
- From this org
- $17,160
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Peter BixbyPETER BIXBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Miguel CalvoMIGUEL CALVO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rob CarneyROB CARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel CarterRACHEL CARTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie DesimoneJAMIE DESIMONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy HolscherSTACY HOLSCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arshia KiaARSHIA KIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mayra PinedaMAYRA PINEDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sherry RahnamaSHERRY RAHNAMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Casey SutherlandCASEY SUTHERLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cassandra WelchCASSANDRA WELCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colleen WrightCOLLEEN WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan T McLaughlinRYAN T MCLAUGHLIN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $454,715
- From this org
- $406,976
- From related orgs
- $0
- Other
- $47,739
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $376,767
- Bonus
- $17,100
- Other
- $13,109
- Deferred
- $16,500
- Nontaxable benefits
- $31,239
- Filer's total
- $454,715
-
Frank DoyleFRANK DOYLE
CHIEF OPERATING OFFICER
- Total calculated
- $270,201
- From this org
- $252,111
- From related orgs
- $0
- Other
- $18,090
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $233,323
- Bonus
- $17,000
- Other
- $1,788
- Deferred
- $12,716
- Nontaxable benefits
- $5,374
- Filer's total
- $270,201
-
James FosterJAMES FOSTER
CHIEF FINANCIAL OFFICER
- Total calculated
- $258,289
- From this org
- $240,786
- From related orgs
- $0
- Other
- $17,503
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $221,998
- Bonus
- $17,000
- Other
- $1,788
- Deferred
- $12,065
- Nontaxable benefits
- $5,438
- Filer's total
- $258,289
-
Erick CamposERICK CAMPOS
CONTROLLER
- Total calculated
- $167,709
- From this org
- $149,080
- From related orgs
- $0
- Other
- $18,629
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $136,921
- Bonus
- $12,000
- Other
- $159
- Deferred
- $7,511
- Nontaxable benefits
- $11,118
- Filer's total
- $167,709
-
Josh VeverkaJOSH VEVERKA
SR DIRECTOR OF GOVERNMENT
- Total calculated
- $148,382
- From this org
- $123,214
- From related orgs
- $0
- Other
- $25,168
- Hours/week
- 50
-
Jina MyersJINA MYERS
SR DIR OPS MRKTNG & ENGMNT STRATS
- Total calculated
- $138,505
- From this org
- $125,171
- From related orgs
- $0
- Other
- $13,334
- Hours/week
- 50
-
Paige AudetPAIGE AUDET
DIRECTOR OF MEMBERSHIP
- Total calculated
- $144,971
- From this org
- $106,698
- From related orgs
- $0
- Other
- $38,273
- Hours/week
- 50
-
Leo MofunanyaLEO MOFUNANYA
SR DIRECTOR OF DSO
- Total calculated
- $113,296
- From this org
- $106,097
- From related orgs
- $0
- Other
- $7,199
- Hours/week
- 50
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 · Travel for companions
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- RYAN T. MCLAUGHLIN-IN 2023, A CAR ALLOWANCE OF $9,000 AND A SPOUSAL TRAVEL ALLOWANCE OF $919 WAS INCLUDED IN HIS WAGES AS TAXABLE COMPENSATION.
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.
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.
-
NORTHERN VIRGINIA ASSOCIATION OF REALTORS PAC
527 · POLITICAL ACTION COMMITTEE · VA · controlled entity
Directly controlled by NORTHERN VIRGINIA ASSOCIATION OF REALTORS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412929349300831
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