Utah Central Association Of Realtor
- Assets
- $15.5m
- Revenue
- $2.4m
- Investments
- $7.7m
- Employees
- 12
- Location
- Orem, UT
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 87-0205105
Organization Overview
Utah Central Association Of Realtor is located in Orem, UT. The organization was established in 1993. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Utah Central Association Of Realtor employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Central Association Of Realtor 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, Utah Central Association Of Realtor generated $2.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 5 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Christensen CEO | OfficerTrustee | 40 | $217,859 |
Sharee Killpack President | Trustee | 1 | $12,000 |
Jack Andrews Director | Trustee | 1 | $0 |
Breezy Anson Vice Preside | Trustee | 1 | $0 |
Stephanie Ariotti Director | Trustee | 1 | $0 |
Jennifer Belliston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,980,728 |
| 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 | $1,980,728 |
| Total Program Service Revenue | -$14,794 |
| Investment income | $214,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $183,341 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,353 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,225 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,414,871 |
| 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. | $229,859 |
| Compensation of current officers, directors, key employees. | $229,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $306,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,026 |
| Payroll taxes | $35,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,227 |
| Fees for services: Accounting | $33,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,387 |
| Office expenses | $50,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,262 |
| Interest | $43,620 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,068 |
| Insurance | $0 |
| All other expenses | $10,000 |
| Total functional expenses | $2,112,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,728 |
| Savings and temporary cash investments | $3,036,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,245 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,865 |
| Prepaid expenses and deferred charges | $120,402 |
| Net Land, buildings, and equipment | $3,696,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,707,138 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,502,920 |
| Accounts payable and accrued expenses | $222,715 |
| Grants payable | $0 |
| Deferred revenue | $1,212,263 |
| 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 | $775,998 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $48,192 |
| Total liabilities | $2,259,168 |
| Net assets without donor restrictions | $13,243,752 |
| 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 | $15,502,920 |