2023-11-08T11:57:04-08:00 2022-12-31 710654756 KNAPP CRAIG & RUGG PA 1501 N University Suite 245 Little Rock AR 72207 990 2022-01-01 237000743 ARKANSAS REALTORS ASSOCIATION ARKA 5012252020 11224 EXECUTIVE CENTER DRIVE LITTLE ROCK AR 72211 AMY E HAIR INTERIM CEO 2023-11-08 true AMY E HAIR 999009999 true MICHAEL G CRAIG P00014666 5016645434 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z AMY E HAIR 3269886 false X www.arkansasrealtors.com X 1925 AR TRADE ASSOCIATION ORGANIZED FOR REALTORS DOING BUSINESS IN THE STATE OF ARKANSAS. THE ASSOCIATION WAS ESTABLISHED TO PROMOTE THE REAL ESTATE INDUSTRY IN GENERAL AND TO PROVIDE EDUCATIONAL ENRICHMENT AND RISK REDUCTION FOR ITS MEMBERS. 59 57 7 0 0 1960510 2224055 104812 -15511 335625 354781 2400947 2563325 184385 143678 0 609949 634164 0 0 1142976 1238924 1937310 2016766 463637 546559 7164351 7449142 729223 747574 6435128 6701568 X TRADE ASSOCIATION ORGANIZED FOR REALTORS DOING BUSINESS IN THE STATE OF ARKANSAS. THE ASSOCIATION WAS ESTABLISHED TO PROMOTE THE REAL ESTATE INDUSTRY IN GENERAL AND TO PROVIDE EDUCATIONAL ENRICHMENT AND RISK REDUCTION FOR ITS MEMBERS. false false THE ASSOCIATION HAS PRODUCED STANDARDIZED INDUSTRY FORMS AND SOFTWARE FOR ITS MEMBERSHIP. THE PRIMARY PURPOSE IS RISK (LIABILITY) REDUCTION. THE FORMS AND SOFTWARE ARE AVAILABLE FOR SALE ONLY TO LICENSED REAL ESTATE BROKERS AND AGENTS. ELECTRONIC FORMS ARE AVAILABLE ONLY TO REALTORS WHO ARE MEMBERS OF THE ASSOCIATION. PAPER FORMS ARE AVAILABLE TO MEMBERS AND NON-MEMBERS. THE ASSOCIATION SPONSORS AN ANNUAL CONVENTION FOR ITS MEMBERS. THE CONVENTION INCLUDES SPEAKERS, EDUCATION SEMINARS, TABLE-TOP EXHIBITS, AND A GENERAL EXCHANGE OF IDEAS. APPROXIMATELy 422 PERSONS ATTENDED THE 2022 CONVENTION. MEMBER PROJECTS PRIMARILY REPRESENTS THE ANNUAL "AWARDS FOR EXCELLENCE" PROGRAM WHICH RECOGNIZES REALTOR MEMBERS MEETING CERTAIN SALES STANDARDS IN THE PRIOR YEAR. APPROXIMATELY 1,520 MEMBER REALTORS WERE RECOGNIZED WITH AWARDS FOR EXCELLENCE. MEMBER PROJECTS ALSO INCLUDES THE ASSOCIATION'S ANNUAL SPONSORSHIP OF FUND-RAISING CAMPAIGNS BENEFITTING THE ARKANSAS SPECIAL OLYMPICS AND HEARTS & HOMES, INC. OTHER MEMBER PROJECTS INCLUDE PROMOTION AND ADVANCEMENT OF PROFESSIONAL STANDARDS AND CONTINUING PUBLIC RELATIONS CAMPAIGNS. false false false true false false false true false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false true true true false true 18 0 true 7 true false false false false false false false false X 59 57 true false false false true true true true true false false false true true true true true false false false X AMY E HAIR 5012252020 11224 EXECUTIVE CENTER DRIVE LITTLE ROCK AR 72211 BARBARA M BASS C E O 50.00 0.00 X 141732 0 15045 KIM ASHCRAFT C F O 50.00 0.00 X 118395 0 15389 CHRIS POLYCHRON Director 2.00 0.00 X 0 0 0 MARGARET BELL Director 2.00 0.00 X 0 0 0 MELANIE SILVEY Director 2.00 0.00 X 0 0 0 PHILLIP JONES Director 2.00 0.00 X 0 0 0 DENNIS BURKS Director 2.00 0.00 X 0 0 0 JAMES BUSS Director 2.00 0.00 X 0 0 0 KIM BYRD Director 2.00 0.00 X 0 0 0 CINDY MEYERS Director 2.00 0.00 X 0 0 0 MELISSA COLLINS Director 2.00 0.00 X 0 0 0 WLLIAM OLSON Director 2.00 0.00 X 0 0 0 WES FREEMAN Director 2.00 0.00 X 0 0 0 KATHLEEN FREEMAN Director 2.00 0.00 X 0 0 0 KIM MELCHER Director 2.00 0.00 X 0 0 0 AMY EDEN Director 2.00 0.00 X 0 0 0 KAREN CROWSON Director 2.00 0.00 X 0 0 0 RONALD STINCHCOMB Director 2.00 0.00 X 0 0 0 DANIEL GRAY Director 2.00 0.00 X 0 0 0 DON MCNAUGHTON Director 2.00 0.00 X 0 0 0 JACK POFF Director 2.00 0.00 X 0 0 0 JERRY CARLTON Director 2.00 0.00 X 0 0 0 PAULETTE RICHIE PRES ELECT 5.00 0.00 X X 0 0 0 VELDA LUEDERS Director 2.00 0.00 X 0 0 0 JAMES RHODES Director 2.00 0.00 X 0 0 0 NANCY WRIGHT Director 2.00 0.00 X 0 0 0 SHARLA LAU Director 2.00 0.00 X 0 0 0 TARA GATEWOOD Director 2.00 0.00 X 0 0 0 CHERYL GENTRY Director 2.00 0.00 X 0 0 0 NIKKI POLYCHRON Director 2.00 0.00 X 0 0 0 JENNIFER WELCH SEC-TREAS 5.00 0.00 X X 0 0 0 JONATHAN MOORE Director 2.00 0.00 X 0 0 0 DEBBIE RAWLS Director 2.00 0.00 X 0 0 0 KRISTYN COOLEY Director 2.00 0.00 X 0 0 0 STACY HAMILTON Director 2.00 0.00 X 0 0 0 CAROLYN COBB Director 2.00 0.00 X 0 0 0 JOESEPH MARKOWSKI Director 2.00 0.00 X 0 0 0 MIKE FORD Director 2.00 0.00 X 0 0 0 SUSAN VAUGHT Director 2.00 0.00 X 0 0 0 BOBBIE HIMEL Director 2.00 0.00 X 0 0 0 ANGELLA JOHNSON Director 2.00 0.00 X 0 0 0 SARAH SEALY Director 2.00 0.00 X 0 0 0 LYNDA JAGGERS Director 2.00 0.00 X 0 0 0 JANELLE DYER Director 2.00 0.00 X 0 0 0 CHRISTOPHER MCBRIDE Director 2.00 0.00 X 0 0 0 CHANCE SCHUBERT Director 2.00 0.00 X 0 0 0 SCOTT MILLER Director 2.00 0.00 X 0 0 0 DARLA DOUGLAS Director 2.00 0.00 X 0 0 0 RACHEL MUNDY Director 2.00 0.00 X 0 0 0 SUZETT SPARKS Director 2.00 0.00 X 0 0 0 ANNE OLSON Director 2.00 0.00 X 0 0 0 ANGEL RAWLINGS Director 2.00 0.00 X 0 0 0 ROBERT WEIGEL Director 2.00 0.00 X 0 0 0 FRANKIE RIVERS Director 2.00 0.00 X 0 0 0 JOSHUA SETTIMIO Director 2.00 0.00 X 0 0 0 ASHTON TODD Director 2.00 0.00 X 0 0 0 GINA WILKINS Director 2.00 0.00 X 0 0 0 DENISE WILSON Director 2.00 0.00 X 0 0 0 JUNE WOOD Director 2.00 0.00 X 0 0 0 SANDRA KELLEY President 5.00 0.00 X X 0 0 0 BOB DODSON PAST PRES. 5.00 0.00 X X 0 0 0 260127 30434 2 false true false 0 0 COMMITTEE INCOME 2400 2400 CONVENTION INCOME 200109 200109 EDUCATION PROGRAMS 18457 18457 MEMBER PROJECTS 78172 78172 Membership Dues & Assessments 1924917 1924917 2224055 48395 48395 0 0 575 575 575 575 427502 491408 -63906 -63906 -63906 0 0 568655 215153 353502 353502 ADVERTISING INCOME 600 600 MEMBER SERVICE ROYALTIES 104 104 704 2563325 2577557 -14232 143678 0 0 0 260127 0 259440 14719 61671 38207 0 5635 15835 0 0 16176 0 0 24127 0 0 73656 202366 0 71187 0 0 92023 15724 CONVENTION 241262 MEMBER PROJECTS 157160 LEGISLATION 140441 BANKING & E-COMMERCE FEES 54727 128605 2016766 0 0 0 385021 286796 2693649 3462712 0 17505 5005 0 0 0 0 216007 190617 2528444 915316 1675037 1613128 2177132 1855311 0 0 35573 0 7164351 7449142 13742 8554 714424 701085 1057 1057 36878 729223 747574 X 6435128 6701568 6435128 6701568 7164351 7449142 X 546559 -285043 4924 X X false true X true false false false false false 1924917 252210 252210 390192 false true X 266875 266875 1900057 596486 1303571 361512 318830 42682 1613128 LEASE LIABILITY 36878 36878 X 2474893 -285043 215153 -69890 2544783 16176 2366 18542 2563325 2208453 215153 215153 1993300 16176 7290 23466 2016766 Part IV, Line 2b: Explanation of escrow account liability ARKANSAS REALTORS ASSOCIATION IS HOLDING $1,057 OF FUNDS BELONGING TO THE REALTOR LAND INSTITUTE. THE CUSTODIAL ARRANGEMENT IS AT THE REQUEST OF THE RLI AND CAN BE REVOKED AT ANY TIME. Part X : FIN48 Footnote THE ASSOCIATION REVIEWS TAX POSITIONS ANNUALLY TO DETERMINE WHETHER OR NOT THERE ARE UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE MEASUREMENT, RECOGNITION, AND DISCLOSURE. AS OF DECEMBER 31, 2022, THE ASSOCIATION BELEIVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 NETTED EXPENSES - COST OF SALES $215153 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S ACCRUAL TO CASH CONVERSION $2366 Part XII, Line 2d: Other expenses and losses per audited F/S NETTED EXPENSES - COST OF SALES $215153 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S ACCRUAL TO CASH CONVERSION $7290 false REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(c)(3) 121000 0 DISASTER RELIEF DONATION SPECIAL OLYMPICS ARKANSAS 2115 MAIN STREET N LITTLE ROCK AR 72114 710666671 501(c)(3) 20582 0 UNRESTRICTED DONATION 2 0 X false false false BARBARA M BASS C E O 129232 12500 4236 10809 156777 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: THE ASSOCIATION SPONSORS EDUCATION COURSES FOR THE BENEFIT OF ITS MEMBERSHIP IN ORDER THAT CONTINUING PROFESSIONAL EDUCATION REQUIREMENTS CAN BE MET AND SO THAT ADVANCED DESIGNATIONS CAN BE ACHIEVED. SIXTEEN EDUCATION COURSES WERE HELD IN 2022. Form 990, Part VI, Section A, Line 2 TWO CURRENT DIRECTORS ARE HUSBAND AND WIFE. TWO OTHER CURRENT DIRECTORS ARE HUSBAND AND WIFE. Form 990, Part VI, Section A, Line 6 CLASSES OF MEMBERSHIP ARE: MEMBER BOARDS, BOARD MEMBERS, REALTOR MEMBERS, AFFILIATE MEMBERS, INSTITUTE AFFILIATE MEMBERS, AND LIFE MEMBERS. Form 990, Part VI, Section A, Line 7a THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY DETERMINES ITS RECOMMENDATION OF OFFICERS AND DIRECTORS TO GOVERN THE ASSOCIATION. THE REPORT OF THE NOMINATING COMMITTEE IS SUBMITTED TO THE MEMBERSHIP FOR APPROVAL. THE ELECTION OF OFFICERS AND DIRECTORS IS HELD AT THE ANNUAL MEMBERSHIP MEETING. ALL MEMBERS OF THE ASSOCIATION WHO ATTEND THE ANNUAL MEETING ENJOY VOTING RIGHTS. Form 990, Part VI, Section A, Line 7b OTHER THAN AMENDMENTS MANDATED BY POLICY OF THE NATIONAL ASSOCIATION OF REALTORS, AMENDMENT TO THE CONSTITUTION AND BY-LAWS REQUIRES A TWO-THIRDS VOTE OF THE MEMBERSHIP PRESENT AT ANY MEETING OF THE MEMBERSHIP, PROVIDED THAT WRITTEN NOTICE OF THE PROPOSED AMENDMENT HAS BEEN SENT TO EACH MEMBER AT LEAST THIRTY DAYS PRIOR TO SUCH MEETING. Form 990, Part VI, Section B, Line 11b A DRAFT COPY OF THE ANNUAL FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE ANNUAL FORM 990 AS FILED IS MADE AVAILABLE TO THE MEMBERS OF THE EXECUTIVE COMMITTEE. Form 990, Part VI, Section B, Line 12c A CONFLICT OF INTEREST STATEMENT IS SIGNED ANNUALLY BY EACH MEMBER OF THE BOARD OF DIRECTORS AND BY EACH EMPLOYEE OF THE ASSOCIATION. Form 990, Part VI, Section C, Line 19 THE ASSOCIATION'S FINANCIAL STATEMENTS, ANNUAL FORM 990, AND OTHER DOCUMENTS MEETING THE CRITERIA FOR DISCLOSURE ARE MADE AVAILABLE TO THE PUBLIC OR OTHER INTERESTED PARTIES UPON REQUEST. Form 990, Part XI, Line 9 ACCRUAL TO CASH CONVERSION = $4924 HEARTS & HOMES OF ARKANSAS INC 11224 EXECUTIVE CENTER DRIVE LITTLE ROCK AR AR 72211 260784079 CHARITABLE AR 501(C)(3) 7 ARKANSAS REALTORS ASSOCIATION true false true false false false false false false false false false true false false false false false false false