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 12/2021, Greater Tulsa Association Of Realtors Inc employed 32 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 12/2021, Greater Tulsa Association Of Realtors Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 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
2021
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 AND NATIONAL ASSOCIATION OF REALTORS
PUBLIC RELATIONS
EDUCATIONAL ACTIVITIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mandi Meador COO | Officer | 30 | $108,446 |
Garry Marsoubian Former CEO | Officer | 19.25 | $30,360 |
Kendra Hendren Pres. Elect | OfficerTrustee | 0 | $0 |
John Smucker Treasurer | OfficerTrustee | 0 | $0 |
Charles Mcbride President | OfficerTrustee | 0 | $0 |
Tim Cochran Board Member | 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 | $1,610,585 |
Investment income | $282,429 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$8,673 |
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 | $1,936,936 |
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 | $99,490 |
Compensation of current officers, directors, key employees. | $140,431 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $264,095 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $62,956 |
Payroll taxes | $9,675 |
Fees for services: Management | $0 |
Fees for services: Legal | $61,492 |
Fees for services: Accounting | $27,054 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $111,191 |
Advertising and promotion | $0 |
Office expenses | $89,894 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $111,045 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,407 |
Interest | $555 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $37,422 |
Insurance | $1,629 |
All other expenses | $53,359 |
Total functional expenses | $1,237,636 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,884,128 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $33,896 |
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 | $4,723 |
Net Land, buildings, and equipment | $5,882,590 |
Investments—publicly traded securities | $0 |
Investments—other securities | $20,725 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,826,062 |
Accounts payable and accrued expenses | $231,609 |
Grants payable | $0 |
Deferred revenue | $1,552,762 |
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 | $2,399,999 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $4,184,370 |
Net assets without donor restrictions | $3,641,692 |
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 | $7,826,062 |
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 |