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Nonprofiteer
← HAWAII ASSOCIATION OF REALTORS

Form 990 for tax year 2023

Filed by HAWAII ASSOCIATION OF REALTORS.

Totals

Total revenue
$2,676,280
Total expenses
$2,669,868
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,623,198
Investment income
$51,522
Other revenue
$1,560
Total assets, end of year
$4,996,177
Total liabilities, end of year
$2,074,478
Net assets or fund balances, end of year
$2,921,699
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$1,181,918

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 $2,454,299 · related or exempt $2,454,299

  • 2b · Program service revenue: EDUCATION AND FORMS

    total $119,739 · related or exempt $119,739

  • 2c · Program service revenue: SPECIAL PROGRAMS

    total $44,014 · related or exempt $44,014

  • 2d · Program service revenue: MISCELLANEOUS

    total $5,146 · related or exempt $5,146

  • 3 · Investment income

    total $38,869 · excluded $38,869

  • 5 · Royalties

    total $1,560 · excluded $1,560

  • 7a · Gross sales of assets other than inventory

    securities $151,295

  • 7b · Less cost or other basis and sales expenses

    securities $138,642

  • 7c · Gain or loss

    securities $12,653

  • 7d · Net gain or loss

    total $12,653 · excluded $12,653

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $201,613

  • 7 · Other salaries and wages

    total $1,071,655

  • 11g · Fees: other

    total $124,491

  • 16 · Occupancy

    total $127,832

  • 17 · Travel

    total $132,866

  • 22 · Depreciation, depletion and amortization

    total $19,638

  • 24a · Other expenses: OTHER

    total $307,569

  • 24b · Other expenses: BOARD GOVERNANCE

    total $210,286

  • 24c · Other expenses: GOVERNMENT AFFAIRS

    total $197,401

  • 24d · Other expenses: ZIPFORMS

    total $179,410

  • 24e · All other expenses

    total $97,107

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,577,970 · end of year $3,043,780

  • 4 · Accounts receivable

    beginning of year $7,041 · end of year $17,061

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

    $571,217

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

    $474,023

  • 10c · Land, buildings and equipment, net

    beginning of year $21,331 · end of year $97,194

  • 12 · Investments: other securities

    beginning of year $1,007,434 · end of year $1,563,685

  • 15 · Other assets

    beginning of year $341,605 · end of year $274,457

  • 17 · Accounts payable and accrued expenses

    beginning of year $246,385 · end of year $263,616

  • 19 · Deferred revenue

    beginning of year $1,707,875 · end of year $1,679,620

  • 25 · Other liabilities

    beginning of year $182,318 · end of year $131,242

  • 27 · Net assets without donor restrictions

    beginning of year $2,789,877 · end of year $2,846,735

  • 28 · Net assets with donor restrictions

    beginning of year $28,926 · end of year $74,964

Mission and programs · 2023

Mission

HAWAII REALTORS SERVES ITS MEMBERSHIP BY PROVIDING INNOVATIVE PROGRAMS AND SERVICES TO ENHANCE MEMBERS' ABILITY TO SUCCESSFULLY PRACTICE REAL ESTATE AND COLLECTIVELY PROMOTES REAL PROPERTY OWNERSHIP AND THE PRESERVATION OF REAL PROPERTY RIGHTS.

  • EDUCATIONAL OPPORTUNITIES PROVIDED TO ELEVATE AND MAINTAIN THE PROFESSIONAL STANDARDS OF PERSONS ENGAGED IN THE REAL ESTATE BUSINESS. PROVIDED REALTOR DESIGNATION COURSES THROUGH PARTNERSHIP WITH SPECIALTY INSTITUTES, AND LOCAL BOARDS FOR GRI AND STRATEGIES. IN 2023, A TOTAL OF 60 CLASSES WERE OFFERED WITH 1,045 ATTENDEES. A STATEWIDE EVENT ATTRACTED 173 IN-PERSON ATTENDEES AND 29 VIRTUAL PARTICIPANTS. ADDITIONALLY, 8 WEBINARS ON RELEVANT REAL ESTATE TOPICS, LEGAL ISSUES, AND SUBJECTS SPECIFIC TO PRINCIPAL BROKERS AND BROKERS-IN-CHARGE WERE HELD, DRAWING 813 ATTENDEES.

    Expenses $478,356 · Revenue $119,739

  • THE HAWAII REALTORS GOVERNMENT AFFAIRS DIVISION IS RESPONSIBLE FOR PROTECTING, PROMOTING, AND ADVANCING THE PUBLIC POLICY INTERESTS AND OBJECTIVES OF REALTORS THROUGH POLITICAL ADVOCACY AND MEMBER PARTICIPATION IN LEGISLATIVE ACTIVITIES, SUCH AS MAINTAINING OPEN LINES OF COMMUNICATION BETWEEN STATE AND GOVERNMENT OFFICALS ON REAL ESTATE ISSUES, BUILDING RELATIONSHIPS WITH OTHER ORGANIZATIONS TO CREATE SUPPORT, AND WORKING DIRECTLY WITH MEMBERS TO DETERMINE WHAT ISSUES ARE OF CONCERN TO REAL ESTATE IN HAWAII. THE PRIMARY EFFORT OF THE HAWAII REALTORS' GOVERNMENT AFFAIRS IS AT THE STATE LEVEL, INCLUDING BUT NOT LIMITED TO THE LEGISLATURE, EXECUTIVE BRANCH AND STATE AGENCIES. HOWEVER, THE DIVISION MAY, FROM TIME TO TIME, BE INVOLVED WITH ISSUES AT THE FEDERAL LEVEL THROUGH THE NATIONAL ASSOCIATION OF REALTORS AND AT THE COUNTY LEVEL. IN 2023, THE GOVERNMENT AFFAIRS COMMITTEE FOCUSED THEIR EFFORTS ON ENSURING INFRASTRUCTURE IS AVAILABLE TO CONVERT ALL CESSPOOLS BY 2050. DURING THE SESSION, THEY TRACKED OVER 781 BILLS, TESTIFIED 135 TIMES, AND COMMITTED OVER 3,908 VOLUNTEER HOURS.

    Expenses $524,152

  • PROVIDE ELECTRONIC FORMS VIA ZIP FORMS ALONG WITH PROGRAM ENHANCEMENTS TO ALL MEMBERS AS A BENEFIT OF MEMBERSHIP WITH HAWAII REALTORS.

    Expenses $179,410

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

Listed in Part VII

  • Kalama Kim

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Julie Meier

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    10

  • Lance Owens

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Nancy Metcalf

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Earl Mente

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kelly Liberatore

    IMMED. PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kevin Inn

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Shannon Heaven

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Kevin Lewis

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Sunita Przewlocki

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Roberta Charles

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Paul Roy

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Marilyn Griffin

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Tim Stice

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Romy Jacobson

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Mike Drutar

    MEMBER BOARD REP

    Total calculated
    $0
    Hours/week
    2.5

  • Nancy Donahue Jones

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $201,613
    From this org
    $184,934
    From related orgs
    $0
    Other
    $16,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,934
    Bonus
    $0
    Other
    $0
    Deferred
    $10,341
    Nontaxable benefits
    $6,338
    Filer's total
    $201,613

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 · Written employment contract

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 3
THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT, OFFICERS, AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD MEMBERS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202423119349300502

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