Greater Tulsa Association Of Realtors Inc is located in Tulsa, OK. The organization was established in 1971. 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 12/2023, Greater Tulsa Association Of Realtors Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Tulsa 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 12/2023, Greater Tulsa Association Of Realtors Inc generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES TO PROMOTE THE REAL ESTATE INDUSTRY IN THE GREATER TULSA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT OF DUES: OKLAHOMA ASSOCIATION OF REALTORS & NATIONAL ASSOCIATION OF REALTORS
PUBLIC RELATIONS
EDUCATIONAL ACTIVITIES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mandi Meador Executive Dir. | Officer | 30 | $141,138 |
Gary Griffith President | OfficerTrustee | 0 | $0 |
Cindy Rodgers Pres - Elect | OfficerTrustee | 0 | $0 |
Jen Sanders Treasurer | OfficerTrustee | 0 | $0 |
Kendra Hendren Past Pres | Trustee | 0 | $0 |
Carol Pankey-Davis Director | Trustee | 0 | $0 |
| 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 | $1,917,802 |
| Investment income | $49,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$11,882 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,031,503 |
| 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 | $114,599 |
| Compensation of current officers, directors, key employees. | $145,289 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,264 |
| Payroll taxes | $43,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,861 |
| Fees for services: Accounting | $14,918 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,451 |
| Advertising and promotion | $0 |
| Office expenses | $43,947 |
| Information technology | $22,945 |
| Royalties | $0 |
| Occupancy | $139,466 |
| Travel | $31,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,608 |
| Interest | $112,864 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,422 |
| Insurance | $15,182 |
| All other expenses | $18,408 |
| Total functional expenses | $1,402,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,792,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,310 |
| 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 | $13,610 |
| Net Land, buildings, and equipment | $5,682,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,767 |
| Total assets | $8,626,293 |
| Accounts payable and accrued expenses | $84,508 |
| Grants payable | $0 |
| Deferred revenue | $1,434,789 |
| 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 | $2,158,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,677,461 |
| Net assets without donor restrictions | $4,948,832 |
| 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 | $8,626,293 |