2023-05-10T15:37:50-05:00 2022-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2022-01-01 540461014 VIRGINIA ASSOCIATION OF REALTORS VIRG 8042645033 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 TERRIE SUIT CHIEF EXECUTIVE OFFICER 8042645033 2023-03-29 1 TERRIE SUIT XXX-XX-XXXX 0 MELISSA A SIKES P01261580 8042826000 2023-03-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X TERRIE SUIT 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 13005052 0 X WWW.VAREALTOR.COM X 1920 VA THE ASSOCIATION SHALL BE A NON-PROFIT CORPORATION HAVING THE PURPOSE, IN CONCERT WITH ITS MEMBER ASSOCIATIONS, TO ENHANCE THE ABILITY OF ITS MEMBERS TO ACHIEVE CAREER SUCCESS IN AN ETHICAL AND PROFESSIONAL MANNER AND TO PROMOTE AND PROTECT PRIVATE PROPERTY RIGHTS. 38 38 44 38 0 0 0 0 7831828 8652254 1414662 457790 37315 80104 9283805 9190148 395265 447273 0 0 4628879 5071654 0 0 0 2106566 3214646 7130710 8733573 2153095 456575 25601642 23514556 5030464 5760641 20571178 17753915 X THE ASSOCIATION WAS ORGANIZED TO UNITE ITS MEMBERSHIP IN ACTIVITIES TO EFFECTIVELY EXERT A COMBINED INFLUENCE UPON MATTERS AFFECTING THE REAL ESTATE INDUSTRY, TO ELEVATE THE STANDARDS OF THE REAL ESTATE INDUSTRY THROUGHOUT THE STATE AND TO PROMOTE THE PROFESSIONAL AND ETHICAL CONDUCT OF PERSONS ENGAGED THEREIN, AND TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE REAL ESTATE INDUSTRY. IN FURTHERANCE OF THESE EXEMPT PURPOSES THE ASSOCIATION PROVIDES EDUCATION AND PROGRAMS SPECIFIC TO THE INDUSTRY, SPONSORS THE ANNUAL CONVENTION, DEVELOPS AND UPDATES FORMS THAT REFLECT VIRGINIA LAW AS IT RELATES TO THE REAL ESTATE INDUSTRY, AND ACTS AS A LIASON BETWEEN VIRGINIA REALTORS AND STATE GOVERNMENT. 0 0 THE ASSOCIATION PROVIDES EDUCATION AND TOOLS SPECIFIC TO THE REAL ESTATE INDUSTRY, HOSTED MULTIPLE EVENTS THROUGHOUT THE YEAR, AND ACTED AS A LIASON BETWEEN REALTORS AND THE STATE GOVERNMENT, ADVOCATING ON BEHALF OF THE MEMBERSHIP. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 54 0 44 1 0 0 0 0 0 0 0 0 X 38 38 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X VIRGINIA ASSOCIATION OF REALTORS 8042645033 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 DENISE RAMEY PRESIDENT 2.00 X X 0 0 0 KATRINA SMITH PRESIDENT-ELECT 2.00 X X 0 0 0 THOMAS CAMPBELL VICE PRESIDENT 2.00 X X 0 0 0 LORRAINE ARORA TREASURER 2.00 X X 0 0 0 BETH DALTON IMMEDIATE PAST PRESIDENT 2.00 X 0 0 0 EDWARD ATIYEH BOARD 2.00 X 0 0 0 DEBORAH BAXTER BOARD 2.00 X 0 0 0 QUINTON BECKHAM BOARD 2.00 X 0 0 0 ROBYN BURDETT BOARD 2.00 X 0 0 0 MARGARET BURKE BOARD 2.00 X 0 0 0 DIRON CLEMENTS BOARD 2.00 X 0 0 0 ROBERT DAWSON BOARD 2.00 X 0 0 0 ANGELICA DELBOY BOARD 2.00 X 0 0 0 ANDREW FRISTOE BOARD 2.00 X 0 0 0 ELIZABETH GRANT BOARD 2.00 X 0 0 0 KIT HALE BOARD 2.00 X 0 0 0 KAREN HALL BOARD 2.00 X 0 0 0 BERNARD HAMANN BOARD 2.00 X 0 0 0 CYNTHIA HAWKS WHITE BOARD 2.00 X 0 0 0 KENNETH HENSLEY BOARD 2.00 X 0 0 0 BETTY KINGERY BOARD 2.00 X 0 0 0 VONDA LACEY BOARD 2.00 X 0 0 0 NICHOLAS LAGOS BOARD 2.00 X 0 0 0 SHERRY MASER BOARD 2.00 X 0 0 0 SHANE MCCULLAR BOARD 2.00 X 0 0 0 KAERA MIMS BOARD 2.00 X 0 0 0 TANYA MONROE BOARD 2.00 X 0 0 0 STEVEN OVERGARD BOARD 2.00 X 0 0 0 CHANDRA PATTERSON BOARD 2.00 X 0 0 0 NANCY PILAND BOARD 2.00 X 0 0 0 MAYRA PINEDA BOARD 2.00 X 0 0 0 CURT REICHSTETTER BOARD 2.00 X 0 0 0 KAREN SMITH BOARD 2.00 X 0 0 0 KEITH SMITH BOARD 2.00 X 0 0 0 NANCY STEORTS BOARD 2.00 X 0 0 0 PEGGY TODD BOARD 2.00 X 0 0 0 DALLISON VEACH BOARD 2.00 X 0 0 0 WILLIAM WIARD IV BOARD 2.00 X 0 0 0 TERRIE SUIT CEO 40.00 X 484627 0 20443 RICK LUGG COO/CFO 40.00 X 307017 0 29044 MARTIN JOHNSON CHIEF EXPTERNAL AFFAIRS OFFICER 40.00 X 294953 0 19436 MARY LAWSON SENIOR VP OF GOVERNMENT RELATIONS 40.00 X 155192 0 17356 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 40.00 X 182900 0 8281 LAURA FARLEY SENIOR VP/GENERAL COUNSEL 40.00 X 245000 0 22362 1669689 0 116922 6 0 1 0 GENTRY LOCKE LLC 919 E MAIN ST SUITE 1130 RICHMOND VA 23219 155786 1 MEMBERSHIP DUES 900099 8038562 8038562 CONFERENCES/CONVENTIONS 900099 510776 510776 COURSE FEES 611710 52664 52664 ADMINISTRATIVE FEES 561000 50252 50252 8652254 326422 326422 80104 80104 3946272 3814904 131368 131368 131368 9190148 8652254 0 537894 447273 4246514 549222 275918 23050 100300 115760 47372 99847 18187 461726 232305 13525 884867 314636 167779 42097 BOARD AND OFFICER EXPEN 242297 MERCHANT / BANK FEES 168367 MISCELLANEOUS 115913 CONTRACT HELP 115474 51144 8733573 500 500 7383011 6427220 911 43120 220175 121099 4208192 3032196 1244803 1175996 16752242 15070435 0 676186 25601642 23514556 246918 264008 4783546 4801187 0 695446 5030464 5760641 X 20571178 17753915 20571178 17753915 25601642 23514556 456575 -3273838 0 X X 0 1 X 1 0 0 0 0 8038562 715024 715024 819752 -104728 755567 755567 2652673 2321871 330802 391598 310439 81159 408354 399886 8468 1175996 OPERATING LEASE LIABILITIES 695446 695446 X 5800550 -3273838 -3273838 9074388 115760 115760 9190148 8617813 0 8617813 115760 115760 8733573 PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE DECEMBER 31, 2019. THE ASSOCIATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN ADMINISTRATIVE EXPENSES. THE ASSOCIATION DID NOT HAVE PENALTIES AND INTEREST RELATING TO INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 . 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVENUE CHICAGO IL 60611 100000 0 SUPPORT HOMEOWNERS DURING DISASTERS REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVENUE CHICAGO IL 60611 100000 0 SUPPORT UKRAINE RICHMOND ASSOCIATION OF REALTORS 8975 THREE CHOPT RD RICHMOND VA 23229 57527 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL RICHMOND ASSOCIATION OF REALTORS 8975 THREE CHOPT RD RICHMOND VA 23229 13578 0 SUPPORT LOCAL REAL ESTATE ISSUES - ISSUES RICHMOND ASSOCIATION OF REALTORS 8975 THREE CHOPT RD RICHMOND VA 23229 13578 0 SUPPORT LOCAL REAL ESTATE ISSUES - ISSUES SOUTHSIDE VIRGINIA ASSOCIATION OF REALTORS 114 MAPLE GROVE RD COLONIAL HEIGHTS VA 23834 23021 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL HAMPTON ROADS REALTORS ASSOCIATION 638 INDEPENDENCE PKWY STE 100 CHESAPEAKE VA 23320 13000 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL PART I, LINE 2: THE RECIPIENT PROVIDES A FINAL REPORT, INCLUDING AN ACCOUNTING OF FUND EXPENDITURES, WITHIN 30 DAYS OF RECEIVING THE FUNDS. X X 0 0 0 TERRIE SUIT CEO 393469 0 91158 0 0 0 18300 0 2143 0 505070 0 0 0 RICK LUGG COO/CFO 262017 0 45000 0 0 0 17761 0 11283 0 336061 0 0 0 MARTIN JOHNSON CHIEF EXPTERNAL AFFAIRS OFFICER 259953 0 35000 0 0 0 10216 0 9220 0 314389 0 0 0 LAURA FARLEY SENIOR VP/GENERAL COUNSEL 205000 0 40000 0 0 0 13848 0 8514 0 267362 0 0 0 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 172900 0 10000 0 0 0 6591 0 1690 0 191181 0 0 0 MARY LAWSON SENIOR VP OF GOVERNMENT RELATIONS 145192 0 10000 0 0 0 9312 0 8044 0 172548 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THERE WAS A BYLAW CHANGE THAT CHANGED THE DELEGATE BODY VOTING THRESHOLD FOR CHANGING THE BYLAWS FROM A 2/3 MAJORITY TO A SIMPLE MAJORITY. FORM 990, PART VI, SECTION A, LINE 6 THE VIRGINIA ASSOCIATION OF REALTORS IS A MEMBERSHIP ORGANIZATION THAT PROVIDES CONTINUING PROFESSIONAL EDUCATION, MEMBER BENEFITS, PUBLIC RELATIONS ACTIVITIES TO ENHANCE THE REALTORS BRAND, COMMUNITY OUTREACH TO THE PUBLIC, ADVOCACY TO LEGISLATORS AND REGULATORS ON MATTERS OF INTEREST TO REALTORS AND THE PUBLIC. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE DELEGATE BODY FROM FOUR TIERS OF MEMBER ASSOCIATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO/COO AND CONTROLLER REVIEW THE 990 FIRST. IT IS THEN PROVIDED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, EACH MEMBER OF THE BOARD OF DIRECTORS, COMMITTEES AND OTHER MEMBER WORKING GROUPS WILL EXECUTE A STATEMENT CONFIRMING THAT (I) THE MEMBER COMMITS TO ADHERE TO VAR'S CONFLICT OF INTEREST POLICIES, AND (II) THE MEMBER HAS NOT BEEN INVOLVED IN ANY ACTIVITY OR RELATIONSHIP THAT HAS NOT BEEN DISCLOSED AS REQUIRED BY THIS POLICY THAT WOULD CONSTITUTE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES THE OPERATING BUDGET AND DELEGATES ANNUAL REVIEW AND APPROVAL OF THE CHIEF EXECUTIVE OFFICER COMPENSATION TO THE LEADERHSIP TEAM. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE MEMBERSHIP UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS BY WHICH THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR. REALTORS' POLITICAL ACTION COMMITTEE OF VIRGINIA 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 540899688 SUPPORTS POLITICAL CANDIDATES VA 527 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0