Texas Association Of Realtors
- Assets
- $90.8m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 97
- Location
- Austin, TX
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 74-1151935
Organization Overview
Texas Association Of Realtors is located in Austin, TX. The organization was established in 1945. 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 12/2022, Texas Association Of Realtors employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas 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 12/2022, Texas Association Of Realtors generated $31.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $21.9m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ADVANCE REALTORS AND THE COMMUNITIES WE SERVE THROUGH ADVOCACY, PROFESSIONALISM, AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS AND MARKETING - MONTHLY PROFESSIONAL PUBLICATION PROVIDED FOR MEMBERS.
LEGISLATIVE - ORGANIZED TO CARRY OUT LEGISLATIVE ACTIVITIES OF THE ASSOCIATION.LEGAL - PROVIDES FOR THE DEFENSE AND SUPPORT OF LEGAL MATTERS AFFECTING THE MEMBERSHIP OF THE ASSOCIATION.
MEMBER INFORMATION - PROVIDES SUPPORT FOR THOSE IN THE REAL ESTATE PROFESSION IN THE STATE OF TEXAS.
PROFESSIONAL DEVELOPMENT - PROVIDES EDUCATIONAL INFORMATION AND CONDUCTS EDUCATIONAL SEMINARS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Arriaga Executive Board | Trustee | 2 | $0 |
Andrew Haggerty Executive Board | Trustee | 2 | $0 |
Angel Titsworth Executive Board | Trustee | 2 | $0 |
Belinda Epps Executive Board | Trustee | 2 | $0 |
Benjamin Rodriguez Executive Board | Trustee | 2 | $0 |
Bette Washington Executive Board | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lone Wolf Re Technologies Inc Real Estate Software Solutions | 12/30/22 | $1,504,468 |
Sgs Inc Marketing And Management | 12/30/22 | $769,673 |
Good Wolf Entertainment Llc Event Management | 12/30/22 | $752,316 |
White Hat Agency Inc Advertising And Marketing | 12/30/22 | $729,106 |
Hyatt Regency Austin Meetings & Convention | 12/30/22 | $379,066 |
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 | $28,032,483 |
| Investment income | $1,106,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $126,583 |
| Net Gain/Loss on Asset Sales | $2,535,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,800,160 |
| 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. | $2,040,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $272,485 |
| Insurance | $0 |
| All other expenses | $5,637,471 |
| Total functional expenses | $21,939,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,292 |
| Savings and temporary cash investments | $25,333,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $474,472 |
| 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 | $1,281,032 |
| Net Land, buildings, and equipment | $2,755,181 |
| Investments—publicly traded securities | $58,994,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $767,195 |
| Total assets | $90,842,395 |
| Accounts payable and accrued expenses | $1,556,446 |
| Grants payable | $0 |
| Deferred revenue | $14,947,726 |
| 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 | $1,060,861 |
| Total liabilities | $17,565,033 |
| Net assets without donor restrictions | $73,277,362 |
| 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 | $90,842,395 |
Grants Awarded
Over the last fiscal year, Texas Association Of Realtors has awarded $87,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WORKING RANCH COWBOYS FOUNDATION PURPOSE: PANHANDLE FIRE RELIEF | $5,000 |
FLORIDA ASSOCIATION OF REALTORS DISASTER RELIEF FUND PURPOSE: HURRICANE RELIEF | $25,000 |
REALTORS RELIEF FOUNDATION PURPOSE: HURRICANE RELIEF | $25,000 |
PUERTO RICO ASSOCIATION OF REALTORS PURPOSE: HURRICANE RELIEF | $25,000 |
VIRGIN ISLAND TERRITORIAL ASSOCIATION OF REALTORS PURPOSE: HURRICANE RELIEF | $7,500 |