2025-05-15T08:34:25-05:00 2024-12-31 540504608 BROWN EDWARDS & COMPANY LLP 4951 LAKE BROOK DRIVE SUITE 375 GLEN ALLEN VA 23060 990 2024-01-01 540461014 VIRGINIA ASSOCIATION OF REALTORS VIRG 8042645033 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 RICK LUGG CHIEF EXECUTIVE OFFICER 8042645033 2025-05-15 1 1 MELISSA A SIKES P01261580 8042826000 2025-05-14 2024 2025-03-06 01:10:19Z RICK LUGG 10231 TELEGRAPH ROAD GLEN ALLEN VA 23059 14002716 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 40 38 0 0 0 0 8635459 8317966 751018 1259100 96320 83238 9482797 9660304 372385 844367 0 0 5746745 6298395 0 0 0 3402628 2791443 9521758 9934205 -38961 -273901 25407136 25999957 5872375 6164428 19534761 19835529 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 68 0 40 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 THOMAS CAMPBELL PRESIDENT 2.00 X X 0 0 0 LORRAINE ARORA PRESIDENT-ELECT 2.00 X X 0 0 0 CURT REICHSTETTER VICE PRESIDENT 2.00 X X 0 0 0 SHERRY MASER TREASURER 2.00 X X 0 0 0 KATRINA SMITH IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 GUY ALLEN 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 MARY ANN BURSTEIN BOARD 2.00 X 0 0 0 LINDA BUSKEY BOARD 2.00 X 0 0 0 DIRON CLEMENTS BOARD 2.00 X 0 0 0 REGGIE COPELAND 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 JOHN FINN 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 MARY HARRIS 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 CYNTHIA HORNSBY 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 W MCCLELLAN 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 TAMAR MYERS-MOFFATT 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 FATIMA PEREIRA 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 DERRICK SWAAK BOARD 2.00 X 0 0 0 DALLISON VEACH BOARD 2.00 X 0 0 0 DEBBIE WERLING BOARD 2.00 X 0 0 0 TERRIE SUIT CEO 40.00 X X 532021 0 22259 MARTIN JOHNSON INTERIM CEO 40.00 X 341700 0 17259 RICK LUGG COO/CFO 40.00 X 326480 0 23102 LAURA MURRAY SENIOR VP/GENERAL COUNSEL 40.00 X 306742 0 25468 MARY LAWSON SENIOR VP OF GOVERNMENT RE 40.00 X 204800 0 21264 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 40.00 X 204800 0 20931 ADAM SMITH CHIEF PROGRAMS OFFICER 40.00 X 206904 0 20913 2123447 0 151196 7 0 1 0 FOREWARN 2650 N MILITARY TRAIL SUITE 300 BOCA RATON FL 33431 SAFETY APP 270528 SIDLEY AUSTIN LLC 1501 K STREET NW WASHINGTON DC 20005 LEGAL 104355 2 MEMBERSHIP DUES 900099 7714520 7714520 CONFERENCES/CONVENTIONS 900099 421277 421277 ADMINISTRATIVE FEES 561000 100000 100000 COURSE FEES 611710 82169 82169 8317966 617041 617041 83238 83238 4984471 4342412 642059 642059 642059 9660304 8317966 0 1342338 844367 913239 4470481 567194 347481 25360 123120 38412 70076 13613 482182 233666 16077 653449 302225 147468 48323 BOARD AND OFFICER EXPEN 266233 MERCHANT / BANK FEES 190002 MISCELLANEOUS 77543 CONTRACT HELP 63783 39911 9934205 500 500 6194997 5278465 12342 13661 124890 160677 4384811 3282027 1151965 1102784 17477390 18981258 445052 462612 25407136 25999957 227641 529405 5036863 5047048 607871 587975 5872375 6164428 X 19534761 19835529 19534761 19835529 25407136 25999957 -273901 550046 24623 0 X 0 1 X 1 0 0 0 0 7714520 747216 747216 840883 -93667 755568 755568 2669545 2507602 161943 494518 363217 131301 465180 411208 53972 1102784 ST LEASE LIABILITY 77440 LT LEASE LIABILITY 510535 587975 X 10087230 550046 550046 9537184 123120 123120 9660304 9811085 0 9811085 123120 123120 9934205 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, 2024 AND 2023 . 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVENUE CHICAGO IL 60611 100000 0 SUPPORT HOMEOWNERS DURING DISASTERS SOUTHSIDE VIRGINIA ASSOCIATION OF REALTORS 114 MAPLE GROVE RD COLONIAL HEIGHTS VA 23834 22524 0 SUPPORT LOCAL REAL ESTATE ISSUES - LEGAL FREDERICKSBURG AREA ASSOCIATION OF REALTORS 2050 GORDON W SHELTON BLVD FREDERICKSBURG VA 22401 32000 0 SUPPORT LOCAL REAL ESTATE ISSUES - ISSUES MOB 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 447771 0 84250 0 0 0 20700 0 1559 0 554280 0 0 0 MARTIN JOHNSON INTERIM CEO 281700 0 60000 0 0 0 7043 0 10216 0 358959 0 0 0 RICK LUGG COO/CFO 286480 0 40000 0 0 0 14659 0 8443 0 349582 0 0 0 LAURA MURRAY SENIOR VP/GENERAL COUNSEL 266742 0 40000 0 0 0 16305 0 9163 0 332210 0 0 0 ADAM SMITH CHIEF PROGRAMS OFFICER 176904 0 30000 0 0 0 12414 0 8499 0 227817 0 0 0 MARY LAWSON SENIOR VP OF GOVERNMENT RE 194800 0 10000 0 0 0 12288 0 8976 0 226064 0 0 0 RYAN PRICE SENIOR VP/CHIEF ECONOMIST 194800 0 10000 0 0 0 11955 0 8976 0 225731 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE SIGNIFICANT CHANGES TO THEIR BYLAWS DURING THE YEAR. THESE CHANGES INCLUDED REMOVING THE DELEGATE BODY AND REASSIGNING THEIR AUTHORITIES. THE BOARD OF DIRECTORS IS NOW RESPONSIBLE FOR APPROVING CHANGES TO THE BYLAWS. BOARD MEMBERS WILL NOW BE ELECTED BY THE MEMBERSHIP THROUGH A SLATE PROCESS. THE SIZE OF THE BOARD OF DIRECTORS HAS ALSO BEEN REDUCED FROM 40 MEMBERS TO NO MORE THAN 25 MEMBERS AND NO LESS THAN 16. 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 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. 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 REALTORS' POLITICAL ACTION COMMITTEE OF VIRGINIA L 100000 ACTUAL