2024-04-08T10:52:35-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2023-01-01 540461014 VIRGINIA ASSOCIATION OF REALTORS VIRG 8042645033 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 TERRIE SUIT CHIEF EXECUTIVE OFFICER 8042645033 2024-03-22 1 TERRIE SUIT XXX-XX-XXXX 1 MELISSA A SIKES P01261580 8042826000 2024-03-22 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z TERRIE SUIT 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 16577357 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. 39 39 39 39 0 0 0 0 8652254 8635459 457790 751018 80104 96320 9190148 9482797 447273 372385 0 0 5071654 5746745 0 0 0 3214646 3402628 8733573 9521758 456575 -38961 23514556 25407136 5760641 5872375 17753915 19534761 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 63 0 39 1 0 0 0 0 0 0 0 0 X 39 39 0 0 0 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 KATRINA SMITH PRESIDENT 2.00 X X 0 0 0 THOMAS CAMPBELL PRESIDENT-ELECT 2.00 X X 0 0 0 LORRAINE ARORA VICE PRESIDENT 2.00 X X 0 0 0 CURT REICHSTETTER TREASURER 2.00 X X 0 0 0 DENISE RAMEY IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 GUY ALLEN BOARD 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 PAGE BROWNING BOARD 2.00 X 0 0 0 ROBYN BURDETT BOARD 2.00 X 0 0 0 DIRON CLEMENTS BOARD 2.00 X 0 0 0 VIC COFFEY BOARD 2.00 X 0 0 0 ANGELICA DELBOY BOARD 2.00 X 0 0 0 MICHELLE DOHERTY BOARD 2.00 X 0 0 0 MARY ELLSWORTH BOARD 2.00 X 0 0 0 RACHEL FOSTER 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 LYNN GRIMSLEY 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 VONDA LACEY BOARD 2.00 X 0 0 0 NICHOLAS LAGOS BOARD 2.00 X 0 0 0 GARY LANGE JR BOARD 2.00 X 0 0 0 SHERRY MASER BOARD 2.00 X 0 0 0 REBECCA MILLER 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 DONNA PATTON BOARD 2.00 X 0 0 0 NANCY PILAND BOARD 2.00 X 0 0 0 JOHN POWELL BOARD 2.00 X 0 0 0 KEITH SMITH 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 TERRIE SUIT CEO 40.00 X 581138 0 21943 RICK LUGG COO/CFO 40.00 X 315530 0 30091 MARTIN JOHNSON CHIEF EXPTERNAL AFFAIRS OF 40.00 X 305530 0 16410 LAURA MURRAY SENIOR VP/GENERAL COUNSEL 40.00 X 270430 0 23461 MARY LAWSON SENIOR VP OF GOVERNMENT RE 40.00 X 200391 0 20587 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 40.00 X 200391 0 20590 1873410 0 133082 6 0 1 0 GENTRY LOCKE LLC 919 E MAIN ST SUITE 1130 RICHMOND VA 23219 140315 1 MEMBERSHIP DUES 900099 7941973 7941973 CONFERENCES/CONVENTIONS 900099 517562 517562 ADMINISTRATIVE FEES 561000 100000 100000 COURSE FEES 611710 75924 75924 8635459 452276 452276 96320 96320 7393302 7093596 964 299706 -964 298742 298742 9482797 8635459 0 847338 372385 4856467 577778 312500 25120 100300 114295 58457 84339 16458 476622 228709 23247 879092 320848 144522 42859 BOARD AND OFFICER EXPEN 301823 MERCHANT / BANK FEES 193534 REPAIRS AND MAINTENANCE 186155 MISCELLANEOUS 132527 73721 9521758 500 500 6427220 6194997 43120 12342 121099 124890 4286524 3134559 1175996 1151965 15070435 17477390 676186 445052 23514556 25407136 264008 227641 4801187 5036863 695446 607871 5760641 5872375 X 17753915 19534761 17753915 19534761 23514556 25407136 -38961 1819807 0 X X 0 1 X 1 0 0 0 0 7941973 738955 738955 825965 -87010 755568 755568 2669545 2422765 246780 396231 316218 80013 465180 395576 69604 1151965 OPERATING LEASE LIABILITIES 607871 607871 X 11188311 1819807 1819807 9368504 114293 114293 9482797 9407465 0 9407465 114293 114293 9521758 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. THE ASSOCIATION INCLUDES PENALTIES AND ITNEREST ASSESSED BY INCOME TAXING AUTHORITIES IN ADMINISTRATIVE EXPENSES. THE ASSOCIATION DID NOT HAVE PENALTIES AND INTEREST RELATING TO INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2023 AND 2022. 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVENUE CHICAGO IL 60611 100000 0 TO SUPPORT NAR'S HUMANITARIAN EFFORTS. SOUTHSIDE VIRGINIA ASSOCIATION OF REALTORS 114 MAPLE GROVE RD COLONIAL HEIGHTS VA 23834 14650 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL HAMPTON ROADS REALTORS ASSOCIATION 638 INDEPENDENCE PKWY STE 100 CHESAPEAKE VA 23320 30537 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL HAWAII REALTORS CHARITABLE FUND 1259 AALA STREET SUITE 300 HONOLULU HI 96817 25000 0 DISASTER RELIEF ASSISTANCE FOR DISASTROUS WILDFIRE EVENTS. VERMONT DISASTER RELIEF FUND PO BOX 843 MONTPELIER VT 05601 10000 0 DISASTER RELIEF ASSISTANCE FOR DISASTROUS FLOODING EVENTS. 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 458074 0 123064 0 0 0 19800 0 2143 0 603081 0 0 0 RICK LUGG COO/CFO 275530 0 40000 0 0 0 18218 0 11873 0 345621 0 0 0 MARTIN JOHNSON CHIEF EXPTERNAL AFFAIRS OF 275530 0 30000 0 0 0 6878 0 9532 0 321940 0 0 0 LAURA MURRAY SENIOR VP/GENERAL COUNSEL 240430 0 30000 0 0 0 14713 0 8748 0 293891 0 0 0 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 190391 0 10000 0 0 0 12000 0 8590 0 220981 0 0 0 MARY LAWSON SENIOR VP OF GOVERNMENT RE 190391 0 10000 0 0 0 12000 0 8587 0 220978 0 0 0 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