Arkansas Realtors Association

Organization Overview

Arkansas Realtors Association is located in Little Rock, AR. The organization was established in 1969. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Arkansas Realtors Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Realtors Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Arkansas Realtors Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 335 PERSONS ATTENDED THE 2021 CONVENTION.


MEMBER PROJECTS PRIMARILY REPRESENTS THE ANNUAL "AWARDS FOR EXCELLENCE" PROGRAM WHICH RECOGNIZES REALTOR MEMBERS MEETING CERTAIN SALES STANDARDS IN THE PRIOR YEAR. APPROXIMATELY 1,520 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.


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Board, Officers & Key Employees

Name (title)Compensation
Barbara M Bass
C E O
$126,777
Kim Ashcraft
C F O
$106,219
Paulette Richie
Sec Treas
$0
Carolyn Cobb
Past President
$0
Sandra Kelley
Pres Elect
$0
Bob Dodson
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,960,510
Investment income $61,181
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $43,631
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $335,538
Miscellaneous Revenue$0
Total Revenue $2,400,947

Grants Awarded

Over the last fiscal year, Arkansas Realtors Association has awarded $184,385 in support to 3 organizations.

Grant RecipientAmount

REALTORS RELIEF FOUNDATION

Org PageRecipient Profile

Chicago, IL

PURPOSE: DISASTER RELIEF DONATION

$120,000

SPECIAL OLYMPICS ARKANSAS

Org PageRecipient Profile

Little Rock, AR

PURPOSE: UNRESTRICTED DONATION

$41,821

HEARTS & HOMES OF ARKANSAS

Org PageRecipient Profile

Little Rock, AR

PURPOSE: DISASTER RELIEF DONATION

$22,564
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Arkansas Realtors Association has recieved totaling $50,000.

Awarding OrganizationAmount
Realtors Relief Foundation

Chicago, IL

PURPOSE: TORNADO DISASTER RELIEF

$50,000
View Grant Recipient Profile

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