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NEW JERSEY ASSOCIATION OF REALTORS: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
NEW JERSEY ASSOCIATION OF REALTORS (EIN 22-1151210)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-05
IRS object ID
202301259349302620
Schema version
2022v5.0
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)
Return2023-05-05T15:22:19-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-05-05SignatureDt
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 Curr0IRSResponsiblePrtyInfoCurrInd

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)
Tax2022TaxYr
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$10,516,138GrossReceiptsAmt
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 Body45VotingMembersGoverningBodyCnt
Voting Members Independent45VotingMembersIndependentCnt
Total Employee23TotalEmployeeCnt
Total Volunteers346TotalVolunteersCnt
Total Gross UBI$187,377TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$9,510,062PYProgramServiceRevenueAmt
CY Program Service Revenue$10,316,982CYProgramServiceRevenueAmt
PY Investment Income$10,571PYInvestmentIncomeAmt
CY Investment Income$165,980CYInvestmentIncomeAmt
PY Other Revenue$26,720PYOtherRevenueAmt
CY Other Revenue$15,046CYOtherRevenueAmt
PY Total Revenue$9,547,353PYTotalRevenueAmt
CY Total Revenue$10,498,008CYTotalRevenueAmt
PY Grants And Similar Paid$116,300PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$52,800CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,888,668PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,226,723CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,115,762PYOtherExpensesAmt
CY Other Expenses$4,603,928CYOtherExpensesAmt
PY Total Expenses$7,120,730PYTotalExpensesAmt
CY Total Expenses$7,883,451CYTotalExpensesAmt
PY Revenues Less Expenses$2,426,623PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,614,557CYRevenuesLessExpensesAmt
Total Assets BOY$35,262,029TotalAssetsBOYAmt
Total Assets EOY$37,896,701TotalAssetsEOYAmt
Total Liabilities BOY$4,581,428TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,660,426TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$30,680,601NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$33,236,275NetAssetsOrFundBalancesEOYAmt
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 Required0ScheduleBRequiredInd
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 StmtYes (1)ConsolidatedAuditFinclStmtInd
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 Document96IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee23EmployeeCnt
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 Members45GoverningBodyVotingMembersCnt
Independent Voting Member45IndependentVotingMemberCnt
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
JEFFREY JONES
IMMEDIATE PAST PRESIDENT (1/1/22-12/8/22)5.00Yes (X)Yes (X)$0$0$0
ROBERT WHITE
PRESIDENT (END. 12/8/22), IMMEDIATE PAST PRESIDENT5.00Yes (X)Yes (X)$0$0$0
NICK MANIS
PRESIDENT ELECT (END. 12/8/22), PRESIDENT5.00Yes (X)Yes (X)$0$0$0
KATHLEEN MORIN
FIRST VICE PRESIDENT (BEG. 12/9/22)5.00Yes (X)Yes (X)$0$0$0
GLORIA MONKS
FIRST VICE PRESIDENT(END. 12/8/22),PRESIDENT ELECT5.00Yes (X)Yes (X)$0$0$0
GLORIA SICILIANO
TREASURER5.00Yes (X)Yes (X)$0$0$0
JESUS ABREU
MEMBER0.20Yes (X)$0$0$0
MARGARET AJAMIAN
MEMBER0.20Yes (X)$0$0$0
NICOLE BANBOR
MEMBER0.20Yes (X)$0$0$0
VALERIE ARCH BELARDO
MEMBER0.20Yes (X)$0$0$0
COLLEEN CAMILLO
MEMBER0.20Yes (X)$0$0$0
EUGENE CORDANO
MEMBER0.20Yes (X)$0$0$0
MARY DAVIS
MEMBER0.20Yes (X)$0$0$0
ALLAN DECHERT
MEMBER0.20Yes (X)$0$0$0
LARRY DEPALMA
MEMBER0.20Yes (X)$0$0$0
ANGELA DESCH
MEMBER0.20Yes (X)$0$0$0
VALERIE A DICKSON
MEMBER0.20Yes (X)$0$0$0
GENETTE FALK
MEMBER0.20Yes (X)$0$0$0
DREW FISHMAN
MEMBER0.20Yes (X)$0$0$0
WILLIAM FLAGG
MEMBER0.20Yes (X)$0$0$0
ROBERT FUNABASHI
MEMBER0.20Yes (X)$0$0$0
SANDRA GARDNER
MEMBER0.20Yes (X)$0$0$0
FELIX GRECO
MEMBER0.20Yes (X)$0$0$0
WILLIAM HANLEY
MEMBER0.20Yes (X)$0$0$0
CYNDA HOLLENBAUGH
MEMBER0.20Yes (X)$0$0$0
CHRISTINE HOOKS
MEMBER0.20Yes (X)$0$0$0
C JOHN KRUK
MEMBER0.20Yes (X)$0$0$0
GENE KRUTYANSKY
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
CARMEN MINGUELA
MEMBER0.20Yes (X)$0$0$0
JUDITH MORIARTY
MEMBER0.20Yes (X)$0$0$0
GEORGEANNA NEWMONES
MEMBER0.20Yes (X)$0$0$0
MARY NUZIALE
MEMBER0.20Yes (X)$0$0$0
JEANINE PESCATORE
MEMBER0.20Yes (X)$0$0$0
JOSEPH PINO
MEMBER0.20Yes (X)$0$0$0
MARK QUARTELLO
MEMBER0.20Yes (X)$0$0$0
BRENDA RICHMOND
MEMBER0.20Yes (X)$0$0$0
JAIRO RODRIGUEZ
MEMBER0.20Yes (X)$0$0$0
ANGELA SICOLI
MEMBER0.20Yes (X)$0$0$0
WENDY SMITH
MEMBER0.20Yes (X)$0$0$0
NANCY SWANSON
MEMBER0.20Yes (X)$0$0$0
JERRY TUSCANO
MEMBER0.20Yes (X)$0$0$0
GIOVANNA VANVALKENBURG
MEMBER0.20Yes (X)$0$0$0
JARROD GRASSO
CHIEF EXECUTIVE OFFICER35.00Yes (X)$445,917$0$102,677
MARTHA CHANESE
CHIEF OPERATING OFFICER35.00Yes (X)$266,918$0$44,899
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNME35.00$199,929$0$35,885Yes (X)
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSI35.00$184,658$0$33,515Yes (X)
COLLEEN OLIVER
NJR PUBLIC RELATIONS35.00$140,369$0$30,842Yes (X)
WILLIAM THOMPSON
DIRECTOR OF TECHNOLOGY35.00$150,262$0$29,642Yes (X)
MARY PILAAR
DIRECTOR OF MEMBERSHIP OUT35.00$119,831$0$26,253Yes (X)
TERESA TILTON
DIRECTOR OF PROFESSIONAL S35.00$117,315$0$28,497Yes (X)
CATHERINE BEST
DIRECTOR OF GOVERNMENT AFFAIRS35.00$128,425$0$27,134Yes (X)
YULIYA TEDESCHI
GENERAL COUNSEL35.00$108,578$0$16,603Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,862,202TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$375,947TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LONE WOLF REAL ESTAE TECHNOLOGIES INC
717 N HARWOOD STREETDALLASTX75201TECHNOLOGY SERVICES$599,759
GREENBAUM ROWE SMITH AND DAVIS LLP
PO BOX 5600WOODBRIDGENJ07095LEGAL SERVICES$264,213
MOSAIC
4801 VIEWPOINT PLACECHEVERLYMD20781PRINTING & MAILING SERVICES$151,894
GOODWAY GROUP INC
LOCKBOX 826955PHILADELPHIAPA19182DIGITAL MARKETING$131,983
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES541900$7,204,632$7,204,632
CONVENTION INCOME TRIPLE PLAY541900$1,377,977$1,377,977
SERVICE FEES AND ASSESSMENTS541900$1,340,844$1,340,844
SUBSCRIPTIONS541900$192,352$192,352
ADVERTISING541800$187,377$187,377

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,800TotalRevenueColumnAmt
Related Or Exempt Func Income$13,800RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$10,316,982TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$184,110TotalRevenueColumnAmt
Exclusion$184,110ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$18,130OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$18,130OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$18,130TotalRevenueColumnAmt
Exclusion-$18,130ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$15,046TotalRevenueColumnAmt
Related Or Exempt Func Income$15,046RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,046OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,498,008TotalRevenueColumnAmt
Related Or Exempt Func Income$10,144,651RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$187,377UnrelatedBusinessRevenueAmt
Exclusion$165,980ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$52,800TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$860,411TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$6,192TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,744,904TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$201,645TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$230,043TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$183,528TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$260,277TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,170TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$143,574TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$431,361TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$113,539TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$131,756TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$163,222TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$528,907TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$784,347TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$440,818TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$84,232TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FORMS EXPENSE$538,616
NJ REALTORS MAGAZINE$316,060
SPEAKERS AND WORKSHOP$242,650
AWARDS$129,285

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$278,114TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,883,451TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,917,553BOYAmt
EOY$1,954,438EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$24,161,866BOYAmt
EOY$26,859,267EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$323,035BOYAmt
EOY$501,223EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$63,548BOYAmt
EOY$166,340EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,898,844LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,518,457LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,796,027BOYAmt
EOY$8,380,387EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$35,046EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$35,262,029BOYAmt
EOY$37,896,701EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,351,423BOYAmt
EOY$1,367,595EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$3,230,005BOYAmt
EOY$3,256,182EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$36,649EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,581,428BOYAmt
EOY$4,660,426EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$30,680,601BOYAmt
EOY$33,236,275EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,680,601BOYAmt
EOY$33,236,275EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$35,262,029BOYAmt
EOY$37,896,701EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,614,557ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$58,883NetUnrlzdGainsLossesInvstAmt
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 C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$7,204,632DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$509,698NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$509,698NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$1,812,070AggregateReportedDuesNtcAmt
Taxable-$1,302,372TaxableAmt

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$9,808,859OtherCostOrOtherBasisAmt
Depreciation$1,901,647DepreciationAmt
Book Value$7,907,212BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$787,085OtherCostOrOtherBasisAmt
Depreciation$616,810DepreciationAmt
Book Value$170,275BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$8,380,387TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE - LIABILITYDesc
Amt$36,649Amt
FieldValueIRS element (for citing)
Total Liability$36,649TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$10,439,125TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$58,883NetUnrealizedGainsInvstAmt
Revenue Not Reported-$58,883RevenueNotReportedAmt
Revenue Subtotal$10,498,008RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$10,498,008TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,883,451TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$7,883,451ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$7,883,451TotalExpensesPerForm990Amt

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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
REALTORS RELIEF FOUNDATION
430 N MICHIGAN AVECHICAGOIL60611364468109501(C)(3)$25,000$0REBUILD COMMUNITIES AFFECTED BY DISASTERS
FLORIDA REALTORS DISASTER RELIEF FUND
PO BOX 725025ORLANDOFL327825025593138956501(C)(3)$25,000$0DONATION TO AID HURRICANE IAN RELIEF
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

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$337,817$0$108,100$0$0$0$53,136$0$49,541$0$548,594$0$0$0
MARTHA CHANESE
CHIEF OPERATING OFFICER$258,418$0$8,500$0$0$0$32,056$0$12,843$0$311,817$0$0$0
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNME$192,879$0$7,050$0$0$0$23,485$0$12,400$0$235,814$0$0$0
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSI$181,658$0$3,000$0$0$0$22,159$0$11,356$0$218,173$0$0$0
WILLIAM THOMPSON
DIRECTOR OF TECHNOLOGY$147,262$0$3,000$0$0$0$18,044$0$11,598$0$179,904$0$0$0
COLLEEN OLIVER
NJR PUBLIC RELATIONS$137,369$0$3,000$0$0$0$16,857$0$13,985$0$171,211$0$0$0
CATHERINE BEST
DIRECTOR OF GOVERNMENT AFFAIRS$125,925$0$2,500$0$0$0$15,291$0$11,843$0$155,559$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$8,524,550EndOfYearAssetsAmt

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