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← GREATER LAS VEGAS ASSOCIATION OF REALTORS

Form 990 for tax year 2022

Filed by GREATER LAS VEGAS ASSOCIATION OF REALTORS.

Totals

Total revenue
$14,051,186
Total expenses
$8,678,963
Contributions and grants received
$0
Grants paid
$84,146
Program service revenue
$10,601,716
Investment income
$2,451,150
Other revenue
$998,320
Total assets, end of year
$45,055,062
Total liabilities, end of year
$18,126,636
Net assets or fund balances, end of year
$26,928,426
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

    total $9,891,370 · related or exempt $9,891,370

  • 2b · Program service revenue: MEMBERSHIP MEETINGS AND EVENT

    total $351,934 · related or exempt $351,934

  • 2c · Program service revenue: MEMBERSHIP EDUCATION

    total $349,712 · related or exempt $349,712

  • 2d · Program service revenue: PROFESSIONAL STANDARDS

    total $8,700 · related or exempt $8,700

  • 3 · Investment income

    total $2,451,150 · excluded $2,451,150

  • 6a · Gross rents

    real property $174,990

  • 6c · Rental income or loss

    real property $174,990

  • 6d · Net rental income or loss

    total $174,990 · unrelated business $174,990

  • 10a · Gross sales of inventory

    $1,188,577

  • 10b · Cost of goods sold

    $397,389

  • 10c · Net income from sales of inventory

    total $791,188 · excluded $791,188

  • 11a · Other revenue: ADVERTISING

    total $21,700 · unrelated business $21,700

  • 11b · Other revenue: OTHER INCOME

    total $10,442 · excluded $10,442

  • 11e · Other revenue, total

    $32,142

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,146

  • 5 · Compensation of officers, directors and key employees

    total $881,245

  • 7 · Other salaries and wages

    total $2,566,649

  • 8 · Pension plan contributions

    total $134,896

  • 9 · Other employee benefits

    total $279,567

  • 10 · Payroll taxes

    total $254,453

  • 11b · Fees: legal

    total $317,734

  • 11c · Fees: accounting

    total $157,400

  • 11f · Fees: investment management

    total $42,250

  • 11g · Fees: other

    total $523,465

  • 12 · Advertising and promotion

    total $635,586

  • 13 · Office expenses

    total $791,005

  • 14 · Information technology

    total $114,660

  • 16 · Occupancy

    total $655,829

  • 17 · Travel

    total $714,290

  • 19 · Conferences, conventions and meetings

    total $278,755

  • 20 · Interest

    total $398,698

  • 22 · Depreciation, depletion and amortization

    total $568,770

  • 23 · Insurance

    total $116,120

  • 24a · Other expenses: ACCESS FEES AND SUPPLIES

    total $2,080,490

  • 24b · Other expenses: TAXES

    total $108,721

  • 24c · Other expenses: AWARDS

    total $72,846

  • 24d · Other expenses: MISCELLANEOUS

    total $26,658

  • 24e · All other expenses

    total -$3,125,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,138,590 · end of year $1,191,173

  • 2 · Savings and temporary cash investments

    beginning of year $15,381,842 · end of year $13,514,135

  • 4 · Accounts receivable

    beginning of year $358,148 · end of year $466,219

  • 8 · Inventories for sale or use

    beginning of year $58,550 · end of year $106,628

  • 9 · Prepaid expenses and deferred charges

    beginning of year $442,055 · end of year $310,202

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

    $15,155,083

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

    $2,651,908

  • 10c · Land, buildings and equipment, net

    beginning of year $12,974,272 · end of year $12,503,175

  • 11 · Investments: publicly traded securities

    beginning of year $11,063,204 · end of year $16,902,523

  • 15 · Other assets

    end of year $61,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $445,387 · end of year $703,194

  • 19 · Deferred revenue

    beginning of year $4,633,838 · end of year $3,859,851

  • 22 · Loans and payables to officers and key people

    beginning of year $4,361,626 · end of year $3,838,494

  • 23 · Secured mortgages and notes payable

    beginning of year $8,735,926 · end of year $8,420,397

  • 25 · Other liabilities

    beginning of year $860,631 · end of year $1,304,700

  • 27 · Net assets without donor restrictions

    beginning of year $22,379,253 · end of year $26,928,426

Mission and programs · 2022

Mission

THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).

  • THE GREATER LAS VEGAS ASSOCIATION OF REALTORS (THE "ASSOCIATION") IS A NOT-FOR-PROFIT TRADE ASSOCIATION ESTABLISHED FOR THE BENEFIT OF ITS PARTICIPATING MEMBERS WHO ARE REALTORS IN THE LAS VEGAS, NEVADA, METROPOLITAN AREA. MEMBER SERVICES, THE ASSOCIATION'S SOLE PROGRAM ACTIVITY, INCLUDES PROVIDING MEMBERS WITH ACCESS TO REAL ESTATE LISTING SERVICES, I.E., DATABASES THAT SUPPLY SELLING AIDS AND INFORMATION ABOUT THE LAS VEGAS REAL ESTATE MARKET TO, AND SPONSORING EDUCATIONAL SEMINARS FOR ITS MEMBERS (REALTORS).

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wendy Divecchio See Sch O

    CEO

    Total calculated
    $429,554
    From this org
    $398,732
    From related orgs
    $0
    Other
    $30,822
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $398,732
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,647
    Nontaxable benefits
    $9,175
    Filer's total
    $429,554
  • Daniel Harris See Sch O

    CIO

    Total calculated
    $216,874
    From this org
    $189,129
    From related orgs
    $0
    Other
    $27,745
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $189,129
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,624
    Nontaxable benefits
    $10,121
    Filer's total
    $216,874
  • Stephanie Hill See Sch O

    MLS/CALV DIR

    Total calculated
    $215,820
    From this org
    $184,886
    From related orgs
    $0
    Other
    $30,934
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $184,886
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,736
    Nontaxable benefits
    $14,198
    Filer's total
    $215,820
  • Gloria Johnson See Sch O

    CONTROLLER

    Total calculated
    $202,984
    From this org
    $169,123
    From related orgs
    $0
    Other
    $33,861
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $169,123
    Bonus
    not reported
    Other
    not reported
    Deferred
    $15,004
    Nontaxable benefits
    $18,857
    Filer's total
    $202,984
  • Donna Andrews See Sch O

    COO

    Total calculated
    $179,180
    From this org
    $158,637
    From related orgs
    $0
    Other
    $20,543
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $158,637
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,345
    Nontaxable benefits
    $14,198
    Filer's total
    $179,180
  • Krista Baker See Sch O

    MEMBERSHIP D

    Total calculated
    $174,150
    From this org
    $152,168
    From related orgs
    $0
    Other
    $21,982
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $152,168
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,900
    Nontaxable benefits
    $8,082
    Filer's total
    $174,150
  • Armida Maldonado See Sch O

    EDUCATION DI

    Total calculated
    $166,603
    From this org
    $135,547
    From related orgs
    $0
    Other
    $31,056
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $135,547
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,199
    Nontaxable benefits
    $18,857
    Filer's total
    $166,603
  • Luis Suarez See Sch O

    DIR OF TECHN

    Total calculated
    $135,836
    From this org
    $125,516
    From related orgs
    $0
    Other
    $10,320
    Hours/week
    30 + 10 related
  • Brandon Roberts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Lee Barrett See Sch O

    PRESIDENT EL

    Total calculated
    $32,885
    From this org
    $32,885
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Yared Rivera

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Grant

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Aldo Martinez

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Kimberly Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christopher Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Joshua Campa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Christina Chipman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Randy Hatada

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elie Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Shane Nguyen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Merri Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Richard Robledo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Angela Scarcelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Geoffrey Zahler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Patty Kelley

    PARLIAMENTAR

    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GLVAR MLS

    MLS DUES · NV

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343129349302189

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