2024-11-15T13:10:46-08:00 2023-12-31 710654756 KNAPP CRAIG & RUGG PA 1501 N University Suite 245 Little Rock AR 72207 990 2023-01-01 237000743 ARKANSAS REALTORS ASSOCIATION ARKA 5012252020 11224 EXECUTIVE CENTER DRIVE LITTLE ROCK AR 72211 ANDREA S ALFORD C E O 2024-11-15 true true MICHAEL G CRAIG P00014666 5016645434 2023 2024-10-15 13:58:12Z ANDREA S ALFORD 3272632 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. 58 56 8 0 15000 2224055 2318222 -15511 37354 354781 377823 2563325 2748399 143678 500000 0 634164 1273348 0 0 1238924 1531735 2016766 3305083 546559 -556684 7449142 7447006 747574 1065206 6701568 6381800 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 684 PERSONS ATTENDED THE 2023 CONVENTION. MEMBER PROJECTS PRIMARILY REPRESENTS THE ANNUAL "AWARDS FOR EXCELLENCE" PROGRAM WHICH RECOGNIZES REALTOR MEMBERS MEETING CERTAIN SALES STANDARDS IN THE PRIOR YEAR. APPROXIMATELY 982 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 10 0 true 8 true false false false false false false false false X 58 56 true false false false true true true true true false false false true true true true true false false false X ANDREA S ALFORD 5012252020 11224 EXECUTIVE CENTER DRIVE LITTLE ROCK AR 72211 BARBARA M BASS FORMER CEO 50.00 0.00 412863 0 15108 KIM ASHCRAFT FORMER CFO 50.00 0.00 127852 0 14720 AMY HAIR INTERIM CEO 50.00 0.00 X 117928 0 13521 MARGARET BELL Director 2.00 0.00 X 0 0 0 KENDRA BRUCE Director 2.00 0.00 X 0 0 0 PHILLIP JONES Director 2.00 0.00 X 0 0 0 DEBBIE COLLINS Director 2.00 0.00 X 0 0 0 APRIL FINDLAY 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 MICHELLE HEILES Director 2.00 0.00 X 0 0 0 WLLIAM OLSON Director 2.00 0.00 X 0 0 0 WES FREEMAN SEC-TREAS 5.00 0.00 X X 0 0 0 JESSICA JOHNSON Director 2.00 0.00 X 0 0 0 KRISTEN KENNON 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 President 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 AARON MEYERS 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 PRES ELECT 5.00 0.00 X X 0 0 0 JONATHAN MOORE Director 2.00 0.00 X 0 0 0 RANDALL NICHOLS 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 JEFF PRATT Director 2.00 0.00 X 0 0 0 MELINDA PURVIS Director 2.00 0.00 X 0 0 0 LESLIE SAMPLE 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 ALICIA DEMAREST 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 MAURICE TAYLOR 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 DOYLE YATES Director 2.00 0.00 X 0 0 0 CHRIS POLYCHRON Director 2.00 0.00 X 0 0 0 SANDRA KELLEY PAST PRES 5.00 0.00 X X 0 0 0 BOB DODSON Director 2.00 0.00 X 0 0 0 658643 43349 3 true true false 0 15000 15000 CONVENTION INCOME 301884 301884 EDUCATION PROGRAMS 27128 27128 LEADERSHIP TRAINING 9000 9000 MEMBER PROJECTS 29765 29765 Membership Dues & Assessments 1947985 1947985 2460 2460 2318222 77145 77145 0 0 337 337 337 337 279918 319709 -39791 -39791 -39791 0 0 581340 204524 376816 376816 ADVERTISING INCOME 250 250 MEMBER SERVICE ROYALTIES 420 420 670 2748399 2695038 38361 500000 0 0 0 880155 0 237009 14530 71838 69816 0 35882 46409 0 0 17234 0 0 23055 0 0 91971 254359 0 67825 0 0 77036 17951 CONVENTION 425704 LEGISLATION 163463 MEMBER PROJECTS 88125 BANKING & E-COMMERCE FEES 59696 163025 3305083 0 0 0 286796 131310 3462712 3408692 0 5005 47712 0 0 0 0 190617 171711 2530333 981438 1613128 1548895 1855311 2103053 0 0 35573 35633 0 7449142 7447006 8554 354026 701085 672728 1057 1057 36878 37395 747574 1065206 X 6701568 6381800 6701568 6381800 7449142 7447006 X -556684 240731 -3815 X false true X true false false false false false 1947985 288612 288612 385341 false true X 266875 266875 1900057 644845 1255212 363401 336593 26808 1548895 LEASE LIABILITY 37395 37395 X 3172955 240731 204524 445255 2727700 17234 3465 20699 2748399 3492723 204874 204874 3287849 17234 17234 3305083 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 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, 2023, 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 $204524 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S ACCRUAL TO CASH CONVERSION $3465 Part XII, Line 2d: Other expenses and losses per audited F/S NETTED EXPENSES - COST OF SALES $204524 ACCRUAL TO CASH CONVERSION $350 false REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(c)(3) 250000 0 DISASTER RELIEF DONATION UNIVERSITY OF ARKANSAS FDN 1 UNIVERSITY OF ARKANSAS FAYETTEVILLE AR 72701 716056774 501(c)(3) 250000 0 ENDOWED SCHOLARSHIP 1 1 X true false false BARBARA M BASS FORMER CEO 412863 3614 11494 427971 KIM ASHCRAFT FORMER CFO 127852 2642 12078 142572 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. THIRTY-SIX EDUCATION COURSES WERE HELD IN 2023. Form 990, Part VI, Section A, Line 2 THE BOARD OF DIRECTORS ROSTER INCLUDES TWO SETS OF HUSBAND AND WIFE MEMBERS. 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 = -$3815 CHANGE IN ACCOUNTING METHOD THE ORGANIZATION HAS CHANGED ITS METHOD OF ACCOUNTING FROM THE MODIFIED CASH BASIS OF ACCOUNTING TO THE ACCRUAL METHOD OF ACCOUNTING. THIS COINCIDES WITH THE METHOD OF ACCOUNTING USED FOR FINANCIAL STATEMENT PREPARATION. SEE FORM 3115 FILED WITH THE YEAR 2023 FORM 990. 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 false false false false false false false false false false true false false false false false false false