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NEW JERSEY ASSOCIATION OF REALTORS: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
NEW JERSEY ASSOCIATION OF REALTORS (EIN 22-1151210)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-23
IRS object ID
202441149349300744
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-23T14:22:34-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223271712PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MERCADIEN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7648AddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP085437648ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN221151210EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW JERSEY ASSOCIATION OF REALTORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWJBusinessNameControlTxt
Phone6093417100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 HAMILTON AVENUEAddressLine1Txt
CityTRENTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08611ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJARROD GRASSOPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6093417100PhoneNum
Signature2024-04-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJARRODPersonFirstNm
Person LastGRASSOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLOVEPREET BUTTAR CPAPreparerPersonNm
PTINP01329403PTIN
Phone6096899700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1NEW JERSEY REALTORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJARROD GRASSOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 HAMILTON AVENUEAddressLine1Txt
CityTRENTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08611ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,529,877GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.NJREALTOR.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1918FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION.ActivityOrMissionDesc
Voting Members Governing Body48VotingMembersGoverningBodyCnt
Voting Members Independent48VotingMembersIndependentCnt
Total Employee24TotalEmployeeCnt
Total Volunteers383TotalVolunteersCnt
Total Gross UBI$149,268TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$20,500CYContributionsGrantsAmt
PY Program Service Revenue$10,316,982PYProgramServiceRevenueAmt
CY Program Service Revenue$9,753,382CYProgramServiceRevenueAmt
PY Investment Income$165,980PYInvestmentIncomeAmt
CY Investment Income$733,171CYInvestmentIncomeAmt
PY Other Revenue$15,046PYOtherRevenueAmt
CY Other Revenue$22,824CYOtherRevenueAmt
PY Total Revenue$10,498,008PYTotalRevenueAmt
CY Total Revenue$10,529,877CYTotalRevenueAmt
PY Grants And Similar Paid$52,800PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$34,950CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,226,723PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,384,954CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,603,928PYOtherExpensesAmt
CY Other Expenses$4,557,882CYOtherExpensesAmt
PY Total Expenses$7,883,451PYTotalExpensesAmt
CY Total Expenses$7,977,786CYTotalExpensesAmt
PY Revenues Less Expenses$2,614,557PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,552,091CYRevenuesLessExpensesAmt
Total Assets BOY$37,896,701TotalAssetsBOYAmt
Total Assets EOY$40,068,985TotalAssetsEOYAmt
Total Liabilities BOY$4,660,426TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,756,738TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$33,236,275NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$36,312,247NetAssetsOrFundBalancesEOYAmt
MissionTO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE, & TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescTHE ASSOCIATION PROVIDES SERVICES THAT EXPAND MEMBERS' GROWTH AND SUCCESS; ADVOCACY- PROTECTING MEMBERS' LIVELIHOOD AND PROPERTY RIGHTS; PROFESSIONAL DEVELOPMENT AND TRAINING; RECOGNITION OF OUTSTANDING ACHIEVEMENT; PROFESSIONAL STANDARDS.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document114IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee24EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members48GoverningBodyVotingMembersCnt
Independent Voting Member48IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARTHA CHANESEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6093417100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 HAMILTON AVENUEAddressLine1Txt
CityTRENTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08611ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
NICK MANIS
PRESIDENT (UNTIL 12/7) PAST PRESIDENT (BEG. 12/8/5.00Yes (X)Yes (X)$0$0$0
GLORIA MONKS
PRES ELECT (UNTIL 12/7) PRESIDENT (BEG. 12/8)5.00Yes (X)Yes (X)$0$0$0
KATHLEEN MORIN
FIRST VP (UNTIL 12/7) PRES. ELECT (BEG. 12/8)5.00Yes (X)Yes (X)$0$0$0
SUSAN LARUE
FIRST VICE PRES. (BEGINNING 12/8/23)5.00Yes (X)Yes (X)$0$0$0
GLORIA SICILIANO
TREASURER (UNTIL 12/7/23)5.00Yes (X)Yes (X)$0$0$0
JAIRO RODRIGUEZ
TREASURER (BEG. 12/8/23)5.00Yes (X)Yes (X)$0$0$0
ROBERT WHITE
IMMEDIATE PAST PRESIDENT (UNTIL 12/7/23)0.20Yes (X)$0$0$0
MARGARET AJAMIAN
MEMBER0.20Yes (X)$0$0$0
NEHEMIAS BORRERO
MEMBER0.20Yes (X)$0$0$0
EMILY BOWDEN
MEMBER0.20Yes (X)$0$0$0
COLLEEN CAMILLO
MEMBER0.20Yes (X)$0$0$0
CHRISTOPHER COCCIA
MEMBER0.20Yes (X)$0$0$0
LISA COMITO
MEMBER0.20Yes (X)$0$0$0
EUGENE CORDANO
MEMBER0.20Yes (X)$0$0$0
MARY DAVIS
MEMBER0.20Yes (X)$0$0$0
ANGELA DESCH
MEMBER0.20Yes (X)$0$0$0
NICOLA ESPOSITO
MEMBER0.20Yes (X)$0$0$0
DREW FISHMAN
MEMBER0.20Yes (X)$0$0$0
YESENIA FRIAS
MEMBER0.20Yes (X)$0$0$0
ROBERT FUNABASHI
MEMBER0.20Yes (X)$0$0$0
SANDRA GARDNER
MEMBER0.20Yes (X)$0$0$0
FRANK GLAUSH
MEMBER0.20Yes (X)$0$0$0
KEREN GONEN
MEMBER0.20Yes (X)$0$0$0
FELIX GRECO
MEMBER0.20Yes (X)$0$0$0
WILLIAM HANLEY
MEMBER0.20Yes (X)$0$0$0
CHRISTINE HOOKS
MEMBER0.20Yes (X)$0$0$0
ILENE HOROWITZ
MEMBER0.20Yes (X)$0$0$0
JEFFREY JONES
MEMBER0.20Yes (X)$0$0$0
WILLIAM KEEGAN
MEMBER0.20Yes (X)$0$0$0
C JOHN KRUK
MEMBER0.20Yes (X)$0$0$0
GENE KRUTYANSKY
MEMBER (UNTIL 1/19/23)0.20Yes (X)$0$0$0
PETER MADDEN
MEMBER0.20Yes (X)$0$0$0
RACHEL MAMMELE
MEMBER0.20Yes (X)$0$0$0
MARIA MARINELLI
MEMBER0.20Yes (X)$0$0$0
MARY ANN MASON
MEMBER0.20Yes (X)$0$0$0
INGA MAXIMOFF
MEMBER0.20Yes (X)$0$0$0
CARMEN MINGUELA
MEMBER0.20Yes (X)$0$0$0
JUDITH MORIARTY
MEMBER0.20Yes (X)$0$0$0
GEORGEANNA NEWMONES
MEMBER0.20Yes (X)$0$0$0
MINA NEWSTADT
MEMBER0.20Yes (X)$0$0$0
MARY NUZIALE
MEMBER0.20Yes (X)$0$0$0
MARK QUARTELLO
MEMBER0.20Yes (X)$0$0$0
BRENDA RICHMOND
MEMBER0.20Yes (X)$0$0$0
HEATHER ROBILLARD
MEMBER0.20Yes (X)$0$0$0
ANGELA SICOLI
MEMBER0.20Yes (X)$0$0$0
PETER SIDERIS
MEMBER0.20Yes (X)$0$0$0
JERRY TUSCANO
MEMBER0.20Yes (X)$0$0$0
DAVID WYRSCH
MEMBER0.20Yes (X)$0$0$0
JARROD GRASSO
CHIEF EXECUTIVE OFFICER35.00Yes (X)$436,625$0$109,266
MARTHA CHANESE
CHIEF OPERATING OFFICER35.00Yes (X)$285,763$0$41,653
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNME35.00$211,351$0$44,546Yes (X)
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSI35.00$193,267$0$36,172Yes (X)
WILLIAM THOMPSON
DIRECTOR OF TECHNOLOGY35.00$164,507$0$32,824Yes (X)
MARY PILAAR
DIRECTOR OF MEMBERSHIP OUT35.00$123,392$0$28,498Yes (X)
TERESA TILTON
DIRECTOR OF PROFESSIONAL S35.00$122,564$0$29,452Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,537,469TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$322,411TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LONE WOLF REAL ESTAE TECHNOLOGIES INC
717 N HARWOOD STREETDALLASTX75201TECHNOLOGY SERVICES$530,529
GREENBAUM ROWE SMITH AND DAVIS LLP
PO BOX 5600WOODBRIDGENJ07095LEGAL SERVICES$191,015
MOSAIC
4801 VIEWPOINT PLACECHEVERLYMD20781PRINTING & MAILING SERVICES$156,379
ALOUPIS
1017 RIVERVIEW DRBRIELLENJ08730BUILDING IMPROVEMENTS$129,000
GOODWAY GROUP INC
LOCKBOX 826955PHILADELPHIAPA19182DIGITAL MARKETING$119,869
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
All Other Contributions$20,500AllOtherContributionsAmt
Total Contributions$20,500TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES541900$7,161,353$7,161,353
CONVENTION INCOME TRIPLE PLAY541900$1,212,921$1,212,921
SERVICE FEES AND ASSESSMENTS541900$1,025,278$1,025,278
SUBSCRIPTIONS541900$191,212$191,212
ADVERTISING541800$149,268$149,268

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,350TotalRevenueColumnAmt
Related Or Exempt Func Income$13,350RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$9,753,382TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$733,171TotalRevenueColumnAmt
Exclusion$733,171ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$22,824TotalRevenueColumnAmt
Related Or Exempt Func Income$22,824RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$22,824OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,529,877TotalRevenueColumnAmt
Related Or Exempt Func Income$9,626,938RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$149,268UnrelatedBusinessRevenueAmt
Exclusion$733,171ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$34,950TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$870,361TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$6,563TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,860,243TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$206,063TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$260,152TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$181,572TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$281,853TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,940TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$168,749TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$383,342TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$211,251TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$158,728TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$140,930TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$445,243TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$428,537TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$422,037TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$81,314TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FORMS EXPENSE$530,529
SPEAKERS AND WORKSHOP$337,245
NJ REALTORS MAGAZINE$320,062
BANK AND CREDIT CARD FE$225,120

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$400,002TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,977,786TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,954,438BOYAmt
EOY$1,542,690EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$26,859,267BOYAmt
EOY$29,879,284EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$501,223BOYAmt
EOY$260,529EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$166,340BOYAmt
EOY$221,241EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$11,084,785LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,940,492LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,380,387BOYAmt
EOY$8,144,293EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$35,046BOYAmt
EOY$20,948EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$37,896,701BOYAmt
EOY$40,068,985EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,367,595BOYAmt
EOY$941,858EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,256,182BOYAmt
EOY$2,729,253EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,649BOYAmt
EOY$85,627EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,660,426BOYAmt
EOY$3,756,738EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$33,236,275BOYAmt
EOY$36,312,247EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$33,236,275BOYAmt
EOY$36,312,247EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$37,896,701BOYAmt
EOY$40,068,985EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,552,091ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$523,881NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$7,161,353DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$502,217NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$502,217NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$1,843,795AggregateReportedDuesNtcAmt
Taxable-$1,341,578TaxableAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIESFormAndLineReferenceDesc
ExplanationA PORTION OF DUES WAS EARMARKED FOR NEW JERSEY COALITION OF REAL ESTATE (NJCORE) AND WERE DESIGNATED AS NON-DEDUCTIBLE. THE FUNDS WERE RECEIVED AND DIRECTLY DELIVERED TO NJCORE, A TAX-EXEMPT SECTION 527 POLITICAL ORGANIZATION.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$302,900OtherCostOrOtherBasisAmt
Book Value$302,900BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,959,957OtherCostOrOtherBasisAmt
Depreciation$2,224,084DepreciationAmt
Book Value$7,735,873BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$821,928OtherCostOrOtherBasisAmt
Depreciation$716,408DepreciationAmt
Book Value$105,520BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$8,144,293TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
LEASE - LIABILITY$21,865
DEFERRED COMPENSATION PLAN OBLIGATION$63,762
FieldValueIRS element (for citing)
Total Liability$85,627TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$11,053,758TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$523,881NetUnrealizedGainsInvstAmt
Revenue Not Reported$523,881RevenueNotReportedAmt
Revenue Subtotal$10,529,877RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,529,877TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,977,786TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,977,786ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,977,786TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationU.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. 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.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1REALTORS RELIEF FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1430 N MICHIGAN AVEAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Recipient EIN364468109RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$25,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantREBUILD COMMUNITIES AFFECTED BY DISASTERSPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANTS ARE MADE TO ORGANIZATIONS TO SUPPORT THEIR VARIOUS EXEMPT ACTIVITIES. ANY FUNDS DONATED FOR SPECIFIC PROJECTS ARE MONITORED ON AN AS NEEDED BASIS TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED PURPOSE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Travel For CompanionsYes (X)TravelForCompanionsInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JARROD GRASSO
CHIEF EXECUTIVE OFFICER$358,125$0$78,500$0$0$0$52,056$0$57,210$0$545,891$0$0$0
MARTHA CHANESE
CHIEF OPERATING OFFICER$276,263$0$9,500$0$0$0$34,318$0$7,335$0$327,416$0$0$0
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNME$204,351$0$7,000$0$0$0$4,075$0$40,471$0$255,897$0$0$0
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSI$190,267$0$3,000$0$0$0$23,192$0$12,980$0$229,439$0$0$0
WILLIAM THOMPSON
DIRECTOR OF TECHNOLOGY$161,507$0$3,000$0$0$0$19,755$0$13,069$0$197,331$0$0$0
TERESA TILTON
DIRECTOR OF PROFESSIONAL S$120,564$0$2,000$0$0$0$14,708$0$14,744$0$152,016$0$0$0
MARY PILAAR
DIRECTOR OF MEMBERSHIP OUT$121,392$0$2,000$0$0$0$14,823$0$13,675$0$151,890$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE CEO'S WIFE OCCASIONALLY TRAVELS TO PROVIDE ASSISTANCE TO THE CEO, LEADERSHIP AND MEMBERS AT RELATED CONFERENCES AND MEETINGS. SHE IS NOT COMPENSATED FOR HER TIME. THIS COMPENSATION WAS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO.
PART I, LINE 4BTHE ASSOCIATION SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) AND 457(F) OF THE INTERNAL REVENUE CODE TO BENEFIT THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER. ANNUAL DISCRETIONARY CONTRIBUTIONS UP TO $10,000 FOR THE CEO AND $5,000 FOR THE COO ARE PERMITTED EACH PLAN YEAR THE OFFICERS ARE EMPLOYED.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATIONS OFFICER OF THE ORGANIZATION. IT IS THEN MADE AVAILABLE TO THE ELECTED OFFICERS FOR REVIEW GOVERNING BODY PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE ASSOCIATION ELECTS A NEW LEADERSHIP TEAM ON AN ANNUAL BASIS. IN JANUARY, AT THE EXECUTIVE COMMITTEE MEETING AND THE BOARD OF DIRECTOR MEETING, THE CONFLICT OF POLICY INTEREST POLICY IS REVIEWED AND CONFLICTS ARE DISCUSSED AT THE BEGINNING OF EACH MEETING. ANY CONFLICTS ARE ASKED TO BE DISCLOSED AT THAT TIME. THIS SAME PROCEDURE IS FOLLOWED BY ALL COMMITTEES AND THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BEFORE EACH MEETING. MEMBERS WITH A CONFLICT OF INTEREST PERTAINING TO A BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES, MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THAT BUSINESS. FURTHERMORE, NO MEMBER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15ATHE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND EMPLOYMENT CONTRACT. NEW JERSEY REALTORS PERFORMS A COMPENSATION STUDY ON A PERIODIC BASIS AND ALSO BENCHMARKS AGAINST OTHER SIMILAR ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF REALTORS. THE ASSOCIATION ALSO REVIEWS SIMILAR ASSOCIATION'S FORM 990 POSTED ON GUIDESTAR IN THE EVALUATION OF THE CEO'S COMPENSATION. THE PROCESS WAS DOCUMENTED AND LAST UNDERTAKEN IN 2019
FORM 990, PART VI, SECTION C, LINE 19THE ASSOCIATION'S GOVERNING DOCUMENT ARE AVAILABLE THROUGH ITS WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 AMERICAN METRO BLVDAddressLine1Txt
CityHAMILTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08619ZIPCd
FieldValueIRS element (for citing)
EIN474589991EIN
Primary ActivitiesREAL ESTATE REDEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateNJLegalDomicileStateCd
Total Income$304,500TotalIncomeAmt
End Of Year Assets$8,526,965EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NEW JERSEY ASSOCIATION OF REALTORSBusinessNameLine1Txt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE DFormAndLineReferenceDesc
ExplanationNEW JERSEY ASSOCIATION OF REALTORS AND FERGUSON GARDEN STATE GROWTH ZONE ARE CONSOLIDATED FOR FINANCIAL STATEMENT PURPOSES. INCOME OF $304,500 RELATED TO RENTAL INCOME FOR FERGUSON GARDEN STATE GROWTH ZONE IS ELIMINATED WITH OFFSETTING RENTAL EXPENSE FOR NEW JERSEY ASSOCIATION OF REALTORS.ExplanationTxt