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Nonprofiteer
← REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC

Form 990 for tax year 2024

Filed by REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC.

Totals

Total revenue
$4,323,415
Total expenses
$3,709,904
Contributions and grants received
$0
Grants paid
$7,500
Program service revenue
$3,894,034
Investment income
$354,002
Other revenue
$75,379
Total assets, end of year
$16,334,516
Total liabilities, end of year
$1,520,017
Net assets or fund balances, end of year
$14,814,499
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 & ASSMTS

    total $3,894,034 · related or exempt $2,679,580 · unrelated business $1,214,454

  • 3 · Investment income

    total $314,244 · excluded $314,244

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $19,908

  • 6c · Rental income or loss

    real property $19,908

  • 6d · Net rental income or loss

    total $19,908 · excluded $19,908

  • 7a · Gross sales of assets other than inventory

    securities $1,579,309

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

    securities $1,539,551

  • 7c · Gain or loss

    securities $39,758

  • 7d · Net gain or loss

    total $39,758 · excluded $39,758

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $171,849

  • 10b · Cost of goods sold

    $140,154

  • 10c · Net income from sales of inventory

    total $31,695 · related or exempt $31,695

  • 11a · Other revenue: Advertising

    total $23,472 · unrelated business $23,472

  • 11b · Other revenue: Miscellaneous income

    total $304 · excluded $304

  • 11e · Other revenue, total

    $23,776

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,500

  • 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 $245,503

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,223,321

  • 8 · Pension plan contributions

    total $70,180

  • 9 · Other employee benefits

    total $97,526

  • 10 · Payroll taxes

    total $103,224

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $60,272

  • 11c · Fees: accounting

    total $115,655

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $32,963

  • 13 · Office expenses

    total $19,876

  • 14 · Information technology

    total $179,481

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $138,616

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $231,717

  • 23 · Insurance

    total $75,900

  • 24a · Other expenses: Programs and services

    total $378,369

  • 24b · Other expenses: Unrelated business income tax

    total $209,164

  • 24c · Other expenses: Commercial investment division

    total $130,728

  • 24d · Other expenses: Membership Costs

    total $116,935

  • 24e · All other expenses

    total $272,974

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $863,297 · end of year $781,422

  • 2 · Savings and temporary cash investments

    beginning of year $2,203,617 · end of year $2,195,331

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $54,353 · end of year $88,535

  • 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

    beginning of year $23,187 · end of year $28,717

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,495 · end of year $84,902

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

    $8,453,617

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

    $1,560,414

  • 10c · Land, buildings and equipment, net

    beginning of year $6,921,163 · end of year $6,893,203

  • 11 · Investments: publicly traded securities

    beginning of year $5,595,298 · end of year $6,169,480

  • 12 · Investments: other securities

    beginning of year $73,172 · end of year $73,172

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $27,544 · end of year $19,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $222,157 · end of year $243,686

  • 19 · Deferred revenue

    beginning of year $1,528,158 · end of year $1,246,527

  • 25 · Other liabilities

    beginning of year $112,248 · end of year $29,804

  • 27 · Net assets without donor restrictions

    beginning of year $13,999,563 · end of year $14,814,499

Mission and programs · 2024

Mission

THE MISSION OF THE REALTOR ASSOCIATION OF SARASOTA AND MANATEE IS TO ADVANCE MEMBERS' PROFESSIONALISM THROUGH DELIVERY OF EDUCATION AND RESOURCES, AND TO ADVOCATE FOR REAL ESTATE IN THE COMMUNITIES SERVED.

Activities or mission (Part I)

To uphold the Realtor Code of Ethics, deliver education, tools, and resources to advance members' professionalism, be the advocate for protection of private property rights in the communities we serve, and to further the interests of real property ownership.

  • Communication and education programs for members including: website, Elevate magazine, multiple topical and member segmented electronic newsletters, social media posts, and monthly real estate market statistical report and media release; and new member orientation, code of ethics, professional development, continuing education classes, commercial and international real estate education programs, and annual education conference & expo.

  • Membership programs including annual meeting, Installation banquet, holiday party, general association meetings, strategic planning, commercial real estate marketplace meetings, commercial monthly meetings, community service projects, and district meetings.

  • Committee programs including government affairs, real estate legal issues, professional standards and grievance, breakfast/luncheon meetings, commercial real estate, international real estate, and young professionals network.

As filed on the 2024 return.

Listed in Part VII

  • Jeff Arakelian

    CEO

    Total calculated
    $245,503
    From this org
    $238,000
    From related orgs
    $0
    Other
    $7,503
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $222,000
    Bonus
    $10,000
    Other
    $6,000
    Deferred
    not reported
    Nontaxable benefits
    $7,503
    Filer's total
    $245,503

  • Jesse Sunday

    VP of Operations

    Total calculated
    $128,400
    From this org
    $120,500
    From related orgs
    $0
    Other
    $7,900
    Hours/week
    40

  • Max Brandow

    VP of Advocacy

    Total calculated
    $117,900
    From this org
    $110,000
    From related orgs
    $0
    Other
    $7,900
    Hours/week
    40

  • Tony Barrett

    President

    Total calculated
    $0
    Hours/week
    3

  • Debi Reynold

    President-Elect

    Total calculated
    $0
    Hours/week
    3

  • David Crawford

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Anita Lambert

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Brian Tresidder

    Past President

    Total calculated
    $0
    Hours/week
    2

  • Beth Beckert

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessica Bow

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nathan Butrum

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pam Charron

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy MacDougall

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel McCoy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marcia McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie Montei

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brian Partie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Derek Patti

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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.

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
2024
Filed
20 August 2025
IRS schema version
2024v5.2
Source object
202522329349301422

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