Portland Metropolitan Association Of Realtors
- Assets
- $15.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Portland, OR
- Founding
- 07/1962
- Data as of
- 11/2021
- EIN
- 93-6031951
Organization Overview
Portland Metropolitan Association Of Realtors is located in Portland, OR. The organization was established in 1962. 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 11/2021, Portland Metropolitan Association Of Realtors employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Metropolitan 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 11/2021, Portland Metropolitan Association Of Realtors generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.9m during the year ending 11/2021. While expenses have increased by 2.0% per year over the past 6 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 CORE PURPOSE OF THE PORTLAND METROPOLITAN ASSOCIATION OF REALTORS IS TO PROMOTE AND ENHANCE THE REALTOR MEMBER'S ABILITY TO CONDUCT BUSINESS ETHICALLY, PROFESSIONALLY, AND PROFITABLY WHILE EXHIBITING A HIGH STANDARD OF BUSINESS ETIQUETTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A LOCAL ASSOCIATION WHICH PROVIDES COMMUNITY SERVICES AND EDUCATIONAL OPPORTUNITIES FOR REALTOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Querin COO | Officer | 37.5 | $267,000 |
Michele Holen CEO | Officer | 37.5 | $160,745 |
E Letty Merritt CFO | Officer | 37.5 | $109,628 |
Michele Gila Director Of Realtor Advocacy | Officer | 37.5 | $86,433 |
Jessica Tindell President | OfficerTrustee | 1 | $0 |
Patricia Kirk VP Of Member Services | OfficerTrustee | 1 | $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 | $4,109,975 |
| Investment income | $10,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,122,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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. | $791,964 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,910 |
| Pension plan accruals and contributions | $8,120 |
| Other employee benefits | $57,086 |
| Payroll taxes | $79,789 |
| 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 | $69,086 |
| Advertising and promotion | $164,204 |
| Office expenses | $81,396 |
| Information technology | $18,279 |
| Royalties | $0 |
| Occupancy | $119,688 |
| Travel | $41,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,158 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,131 |
| Insurance | $670 |
| All other expenses | $0 |
| Total functional expenses | $1,873,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,448 |
| Savings and temporary cash investments | $2,020,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,923 |
| 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 | $11,055 |
| Net Land, buildings, and equipment | $26,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,099,170 |
| Total assets | $15,711,634 |
| Accounts payable and accrued expenses | $1,627 |
| Grants payable | $0 |
| Deferred revenue | $147,367 |
| 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 | $99,986 |
| Total liabilities | $248,980 |
| Net assets without donor restrictions | $15,462,654 |
| 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 | $15,711,634 |
Grants Awarded
Over the last fiscal year, Portland Metropolitan Association Of Realtors has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO PROVIDE HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTER. | $25,000 |
Chicago, IL PURPOSE: TO HELP PROMOTE TARGETED ADVOCACY FOR THE REAL ESTATE INDUSTRY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Greater Las Vegas Chamber Of Commerce Inc Las Vegas, NV | $11,964,032 | $6,654,752 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Greater Boise Chamber Of Commerce Boise, ID | $3,444,262 | $5,301,196 |