Greater Piedmont Area Association Of Realtors Inc
- Assets
- $2.6m
- Revenue
- $647.9k
- Investments
- $16.7k
- Employees
- 4
- Location
- Warrenton, VA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 54-1743267
Organization Overview
Greater Piedmont Area Association Of Realtors Inc is located in Warrenton, VA. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater Piedmont Area Association Of Realtors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Piedmont Area Association Of Realtors Inc 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, Greater Piedmont Area Association Of Realtors Inc generated $647.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $405.0k during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREATER PIEDMONT AREA ASSOCIATION OF REALTORS, INC. (GPR) EXISTS TO PROVIDE OUTSTANDING SERVICES AND LEADERSHIP TO HELP OUR MEMBERS BE SUCCESSFUL AND PROFITABLE IN REAL ESTATE. GPAAR IS A TRADE ASSOCIATION OF REAL ESTATE PROFESSIONALS AND AFFILIATE MEMBERS SERVING THE VIRGINIA COUNTIES OF CULPEPER, FAUQUIER, MADISON, AND RAPPAHANNOCK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER PIEDMONT REALTORS (GPR) PROVIDE EXCEPTIONAL VALUE AND SERVICES TO OUR REALTOR MEMBERS TO ELEVATE THEIR SUCCESS, PROFESSIONALISM, AND ABILITY TO SERVE THEIR CLIENTS. PROVIDING EDUCATIONAL AND DESIGNATION CLASS OPPORTUNITIES ARE CRITICAL AND NEEDED FOR THE REALTOR MEMBER TO RENEW THEIR STATE LICENSING REQUIREMENTS, STAY ABREAST OF CURRENT INDUSTRY MATTERS, AND ENSURE THEY ARE EQUIPPED TO SERVE THEIR CLIENTS. GPR PROVIDES CLASSES THROUGHOUT THE CALENDAR YEAR COVERING MANY DIFFERENT TOPICS/SUBJECTS FOR BOTH NEW LICENSEES, BROKERS, AND RENEWING LICENSEES IN A VIRTUAL, IN-PERSON, AND HYBRID ENVIRONMENT AS A RESULT OF COVID-19.
THE GREATER PIEDMONT REALTORS (GPR) PROVIDE EXCEPTIONAL VALUE AND SERVICES TO OUR REALTOR MEMBERS TO ELEVATE THEIR SUCCESS, PROFESSIONALISM, AND ABILITY TO SERVE THEIR CLIENTS. INFORMATION IS VITAL FOR THE GPR MEMBER TO CONDUCT THEIR BUSINESS. GPR PROVIDES MONTHLY DETAILED ANALYSIS ON THE REAL ESTATE MARKET FOR OUR 4 COUNTY FOOTPRINT TO THE MEMBERSHIP, LOCAL & STATE LEGISLATORS, AND LOCAL PRESS. ADDITIONALLY, A WEEKLY NEWSLETTER IS DEVELOPED AND SHARED TO INCLUDE ANY UPDATES OR ISSUES IMPACTING THE LICENSEE OR CONSUMER RELATIVE TO THE REAL ESTATE MARKET. AS REGULATORY MATTERS OCCUR, GPR PROVIDES VIRTUAL LEARNING OPPORTUNITIES IN ADDITION TO E-NEWS DURING & POST GENERAL ASSEMBLY EACH YEAR.
THE GREATER PIEDMONT REALTORS (GPR) PROVIDE EXCEPTIONAL VALUE AND SERVICES TO OUR REALTOR MEMBERS TO ELEVATE THEIR SUCCESS, PROFESSIONALISM, AND ABILITY TO SERVE THEIR CLIENTS. THIS IS ACHIEVED BY PROVIDING MEMBERS THE PRODUCTS AND TOOLS NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN THE GREATER PIEDMONT.
GPR ORGANIZES FUNCTIONS TO RAISE MONEY FOR COMMUNITY PROJECTS WHICH GENERALLY INCLUDES GIVING OUT SCHOLARSHIPS TO ALL THE LOCAL HIGH SCHOOLS IN OUR 4 COUNTY FOOTPRINT, IN ADDITION TO, MANY OTHER COMMUNITY EVENTS SUCH AS THE COUNTY FAIRS, HOMELESS SHELTERS, BOYS & GIRLS CLUB, NURSING HOMES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie W Werling Executive Of | Officer | 40 | $125,593 |
Rebecca Miller President | OfficerTrustee | 2 | $0 |
Terrie Owens Vice Preside | OfficerTrustee | 1 | $0 |
Kelly Thornton Secretary/tr | OfficerTrustee | 1 | $0 |
Kevin Mchaney Past Preside | OfficerTrustee | 1 | $0 |
Tray Allen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,772 |
| Total Program Service Revenue | $339,735 |
| Investment income | $47,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,926 |
| Net Gain/Loss on Asset Sales | $187,083 |
| Net Income from Fundraising Events | $15,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,900 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,593 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $8,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,991 |
| Fees for services: Other | $16,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,555 |
| Information technology | $3,884 |
| Royalties | $0 |
| Occupancy | $17,719 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,729 |
| Insurance | $1,401 |
| All other expenses | $24,833 |
| Total functional expenses | $405,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,720 |
| Savings and temporary cash investments | $418,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,850 |
| Prepaid expenses and deferred charges | $900 |
| Net Land, buildings, and equipment | $188,537 |
| Investments—publicly traded securities | $1,596,697 |
| Investments—other securities | $16,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $245,341 |
| Total assets | $2,571,706 |
| Accounts payable and accrued expenses | $1,645 |
| Grants payable | $0 |
| Deferred revenue | $263,105 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,034 |
| Total liabilities | $311,784 |
| Net assets without donor restrictions | $0 |
| 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 | $2,259,922 |
| Total liabilities and net assets/fund balances | $2,571,706 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Piedmont Area Association Of Realtors Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Virginia Association Of Realtors Richmond, VA PURPOSE: SUPPORT LOCAL REAL ESTATE ISSUES | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |