Oklahoma Association Of Realtors
- Assets
- $6.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Oklahoma City, OK
- Founding
- 11/1964
- Data as of
- 12/2021
- EIN
- 73-0739195
Organization Overview
Oklahoma Association Of Realtors is located in Oklahoma City, OK. The organization was established in 1964. 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, Oklahoma Association Of Realtors employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Association Of Realtors 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, Oklahoma Association Of Realtors generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 4.7% 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
THE OKLAHOMA ASSOCIATION OF REALTORS CONNECTS REAL ESTATE PROFESSIONALS ACROSS THE STATE BY PROVIDING COMPREHENSIVE PROFESSIONAL RESOURCES, MAINTAINING THE HIGHEST ETHICAL STANDARDS AND GIVING REALTORS A UNIFIED VOICE IN SHAPING OKLAHOMA REAL ESTATE PROPERTY LAWS AND REGULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS: SEMINARS AND COURSES SPONSORED BY THE ASSOCIATION WITH THE PURPOSE OF EDUCATING THE MEMBERSHIP ON VARIOUS REAL ESTATE TOPICS.
REALTOR PUBLICATIONS: THE ASSOCIATION'S OFFICIAL NEWSLETTER WHICH CONTAINS INFORMATIVE ARTICLES CONCERNING THE REAL ESTATE INDUSTRY AND NOTIFIES MEMBERS OF MEETINGS AND CHANGES IN LAWS.
CONFERENCES, CONVENTIONS AND MEETINGS: THE ASSOCIATION'S ANNUAL MEETINGS, ORIENTATION AND CONFERENCES FOR LOCAL BOARD OFFICERS, VARIOUS DIRECTORS AND COMMITTEE MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hickok Jessica CEO | Officer | 60 | $233,599 |
Long Geoffrey Attorney | 60 | $141,257 | |
Gattenby Will Sr. Director Of Membership & Communications | 60 | $107,570 | |
Bladow Amy President | Trustee | 2 | $0 |
Montgomery Audra Treasurer | Trustee | 2 | $0 |
Lorg Susanna President Elect | Trustee | 2 | $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 | $2,617,616 |
| Investment income | $44,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,800 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,776,480 |
| 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. | $264,467 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $86,464 |
| Payroll taxes | $71,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,061 |
| Fees for services: Accounting | $33,900 |
| Fees for services: Lobbying | $44,629 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,267 |
| Fees for services: Other | $133,553 |
| Advertising and promotion | $75,858 |
| Office expenses | $65,550 |
| Information technology | $55,322 |
| Royalties | $0 |
| Occupancy | $72,567 |
| Travel | $77,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $274,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,581 |
| Insurance | $10,883 |
| All other expenses | $743 |
| Total functional expenses | $2,270,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,797,282 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $84,447 |
| Net Land, buildings, and equipment | $712,517 |
| Investments—publicly traded securities | $2,304,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,903,134 |
| Accounts payable and accrued expenses | $62,922 |
| Grants payable | $0 |
| Deferred revenue | $1,139,635 |
| 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 | $0 |
| Total liabilities | $1,202,557 |
| Net assets without donor restrictions | $5,700,577 |
| 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 | $6,903,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |