Realtor Association Of Prince William
- Assets
- $5.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Woodbridge, VA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 25-1920203
Organization Overview
Realtor Association Of Prince William is located in Woodbridge, VA. The organization was established in 2006. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Realtor Association Of Prince William employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor Association Of Prince William 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, Realtor Association Of Prince William generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE AND PROMOTE THE BUSINESS CONDITION OF REALTORS AND THE REAL ESTATE PROFESSION IN THE GEOGRAPHICAL REGION OF PRINCE WILLIAM COUNTY, VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATIVE/OPERATIONS: AS PWAR'S LARGEST EXPENSE, THE ADMINISTRATION OF THE ASSOCIATION ENSURES THAT THE OVERALL MISSION IS BEING MET (SERVICING OUR MEMBERS). THESE SERVICES INCLUDE CODE OF ETHICS ENFORCEMENT/ARBITRATION, OPERATION OF COMMITTEE SYSTEM TO GOVERN POLICIES AND PROGRAMS, SIX MEMBERSHIP MEETINGS HELD, REGULAR/ONGOING E-MAIL COMMUNICATIONS TO VARIOUS SEGMENTS OF THE MEMBER POPULATION, WEBSITE WITH PERTINENT INDUSTRY AND ASSOCIATION INFORMATION. THIS FUNCTION ALSO MAINTAINS THE FINANCIAL RECORDS, ADMINISTRATIVE RECORDS AND THE CURRENT DATABASE AND ENFORCES LICENSING REQUIREMENTS OF THE BYLAWS.
EDUCATION: PWAR OFFERS A VARIETY OF EDUCATIONAL COURSES THROUGHOUT THE YEAR. THIS SUPPORTS THE PWAR MISSION OF HELPING OUR MEMBERS CONDUCT THEIR BUSINESS ETHICALLY AND SUCCESSFULLY.
REALTOR STORE: STOCKS AND SELLS PRODUCTS RELEVANT TO MEMBERS' BUSINESS. THIS AGAIN SUPPORTS THE PWAR MISSION OF HELPING OUR MEMBERS CONDUCT THEIR BUSINESS SUCCESSFULLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Thomas Chief Executive Officer | Officer | 37.5 | $140,107 |
Beth Grant Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Peggy Burke Immediate Past President | OfficerTrustee | 1 | $0 |
Jason Swaney President-Elect | OfficerTrustee | 1 | $0 |
William Coppa President | OfficerTrustee | 1 | $0 |
Heidi Marine Director | Trustee | 1 | $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 | $782,424 |
| Investment income | $58,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,226 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,178 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,059,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,107 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,831 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,400 |
| Fees for services: Accounting | $41,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,111 |
| Advertising and promotion | $3,154 |
| Office expenses | $23,821 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,903 |
| Travel | $9,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,869 |
| Insurance | $5,833 |
| All other expenses | $0 |
| Total functional expenses | $1,133,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,131,121 |
| Savings and temporary cash investments | $186,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,355 |
| Prepaid expenses and deferred charges | $18,203 |
| Net Land, buildings, and equipment | $3,550,184 |
| Investments—publicly traded securities | $48,106 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,982,034 |
| Accounts payable and accrued expenses | $88,237 |
| Grants payable | $0 |
| Deferred revenue | $217,111 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,244,178 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$965 |
| Total liabilities | $2,548,561 |
| Net assets without donor restrictions | $2,433,473 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,982,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Capital Corporation - Sonia Gutierrez Campus Washington, DC | $0 | $6,304,492 |
Bit Holdings Three Inc Baltimore, MD | $969,623,957 | $40,242,400 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Vertex Non Profit Holdings Inc Fairmont, WV | $32,441,063 | $3,635,457 |
1800 Massachusetts Avenue Corp Washington, DC | $77,332,269 | $5,465,941 |
Rancho Cucamonga Ii Inc Charlotte, NC | $253,822,278 | $8,749,351 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Longleaf Pine Realtors Inc Fayetteville, NC | $7,914,934 | $3,962,762 |
Boscobel Heights Development Company Inc Nashville, TN | $26,913,589 | $950,458 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |
Greater Baltimore Board Of Realtors Inc Lutherville Timonium, MD | $9,621,072 | $2,245,768 |
Anne Arundel County Assoc Of Realtors Inc Arnold, MD | $9,217,447 | $1,607,042 |