Miami Association Of Realtors Inc
- Assets
- $56.3m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 74
- Location
- Miami, FL
- Founding
- 10/1942
- Data as of
- 06/2021
- EIN
- 59-0359750
Organization Overview
Miami Association Of Realtors Inc is located in Miami, FL. The organization was established in 1942. 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 06/2021, Miami Association Of Realtors Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miami 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 06/2021, Miami Association Of Realtors Inc generated $21.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $18.1m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN THE STANDARDS OF CONDUCT OF THE NATIONAL ASSOCIATION OF REALTORS AND TO PROVIDE VARIOUS SERVICES FOR THE BENEFIT OF ASSOCIATION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa King Kinney CEO | Officer | 40 | $919,396 |
Deborah Boza Valledor COO | Officer | 40 | $329,698 |
Elizabeth Sturrock Chief Innovation Officer | 40 | $305,000 | |
Eurecka Christopher Chief Financial Officer | Officer | 40 | $244,283 |
Danielle Clermont Senior VP Of Marketing | Officer | 40 | $194,520 |
Lynda Fernandez SVP Of Public Relations | 40 | $184,520 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Propertykeycom Inc Mls Service Provider | 6/29/20 | $215,000 |
O2r Properties Llc Landlord For Miami Springs Office Lease | 6/29/20 | $252,923 |
Remine Inc Mls Services Provided | 6/29/20 | $150,000 |
Clareity Security Llc Security Services | 6/29/20 | $168,000 |
Montero Design Project Management | 6/29/20 | $215,402 |
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 | $19,950,268 |
| Investment income | $858,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,840 |
| Net Gain/Loss on Asset Sales | $170,008 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $193,294 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,744,917 |
| 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. | $1,753,994 |
| Compensation of current officers, directors, key employees. | $473,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,193,546 |
| Pension plan accruals and contributions | $674,844 |
| Other employee benefits | $550,621 |
| Payroll taxes | $137,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,082 |
| Fees for services: Accounting | $41,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,699 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,730 |
| Office expenses | $37,511 |
| Information technology | $264,305 |
| Royalties | $0 |
| Occupancy | $671,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $566,994 |
| Insurance | $84,519 |
| All other expenses | $221,190 |
| Total functional expenses | $18,097,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,140 |
| Savings and temporary cash investments | $18,175,503 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $493,221 |
| Inventories for sale or use | $76,166 |
| Prepaid expenses and deferred charges | $812,265 |
| Net Land, buildings, and equipment | $8,022,772 |
| Investments—publicly traded securities | $27,829,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,284,695 |
| Accounts payable and accrued expenses | $3,958,257 |
| Grants payable | $0 |
| Deferred revenue | $14,924,657 |
| 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 | $308,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,191,153 |
| Net assets without donor restrictions | $37,093,542 |
| 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 | $56,284,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Miami Convention And Visitors Bureau Inc Miami, FL | $31,705,005 | $32,926,540 |
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |