2023-05-05T15:22:19-05:00 2022-12-31 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2022-01-01 221151210 NEW JERSEY ASSOCIATION OF REALTORS NEWJ 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 JARROD GRASSO CHIEF EXECUTIVE OFFICER 6093417100 2023-05-05 1 JARROD GRASSO 999009999 0 LOVEPREET BUTTAR CPA P01329403 6096899700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NEW JERSEY REALTORS JARROD GRASSO 10 HAMILTON AVENUE TRENTON NJ 08611 10516138 0 X WWW.NJREALTOR.COM X 1918 NJ TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION. 45 45 23 346 187377 0 0 0 9510062 10316982 10571 165980 26720 15046 9547353 10498008 116300 52800 0 0 2888668 3226723 0 0 0 4115762 4603928 7120730 7883451 2426623 2614557 35262029 37896701 4581428 4660426 30680601 33236275 TO 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. 0 0 THE 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. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 96 0 23 1 1 1 0 0 0 0 0 0 0 X 45 45 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARTHA CHANESE 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 JEFFREY JONES IMMEDIATE PAST PRESIDENT (1/1/22-12/8/22) 5.00 X X 0 0 0 ROBERT WHITE PRESIDENT (END. 12/8/22), IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 NICK MANIS PRESIDENT ELECT (END. 12/8/22), PRESIDENT 5.00 X X 0 0 0 KATHLEEN MORIN FIRST VICE PRESIDENT (BEG. 12/9/22) 5.00 X X 0 0 0 GLORIA MONKS FIRST VICE PRESIDENT(END. 12/8/22),PRESIDENT ELECT 5.00 X X 0 0 0 GLORIA SICILIANO TREASURER 5.00 X X 0 0 0 JESUS ABREU MEMBER 0.20 X 0 0 0 MARGARET AJAMIAN MEMBER 0.20 X 0 0 0 NICOLE BANBOR MEMBER 0.20 X 0 0 0 VALERIE ARCH BELARDO MEMBER 0.20 X 0 0 0 COLLEEN CAMILLO MEMBER 0.20 X 0 0 0 EUGENE CORDANO MEMBER 0.20 X 0 0 0 MARY DAVIS MEMBER 0.20 X 0 0 0 ALLAN DECHERT MEMBER 0.20 X 0 0 0 LARRY DEPALMA MEMBER 0.20 X 0 0 0 ANGELA DESCH MEMBER 0.20 X 0 0 0 VALERIE A DICKSON MEMBER 0.20 X 0 0 0 GENETTE FALK MEMBER 0.20 X 0 0 0 DREW FISHMAN MEMBER 0.20 X 0 0 0 WILLIAM FLAGG MEMBER 0.20 X 0 0 0 ROBERT FUNABASHI MEMBER 0.20 X 0 0 0 SANDRA GARDNER MEMBER 0.20 X 0 0 0 FELIX GRECO MEMBER 0.20 X 0 0 0 WILLIAM HANLEY MEMBER 0.20 X 0 0 0 CYNDA HOLLENBAUGH MEMBER 0.20 X 0 0 0 CHRISTINE HOOKS MEMBER 0.20 X 0 0 0 C JOHN KRUK MEMBER 0.20 X 0 0 0 GENE KRUTYANSKY MEMBER 0.20 X 0 0 0 RACHEL MAMMELE MEMBER 0.20 X 0 0 0 MARIA MARINELLI MEMBER 0.20 X 0 0 0 MARY ANN MASON MEMBER 0.20 X 0 0 0 CARMEN MINGUELA MEMBER 0.20 X 0 0 0 JUDITH MORIARTY MEMBER 0.20 X 0 0 0 GEORGEANNA NEWMONES MEMBER 0.20 X 0 0 0 MARY NUZIALE MEMBER 0.20 X 0 0 0 JEANINE PESCATORE MEMBER 0.20 X 0 0 0 JOSEPH PINO MEMBER 0.20 X 0 0 0 MARK QUARTELLO MEMBER 0.20 X 0 0 0 BRENDA RICHMOND MEMBER 0.20 X 0 0 0 JAIRO RODRIGUEZ MEMBER 0.20 X 0 0 0 ANGELA SICOLI MEMBER 0.20 X 0 0 0 WENDY SMITH MEMBER 0.20 X 0 0 0 NANCY SWANSON MEMBER 0.20 X 0 0 0 JERRY TUSCANO MEMBER 0.20 X 0 0 0 GIOVANNA VANVALKENBURG MEMBER 0.20 X 0 0 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00 X 445917 0 102677 MARTHA CHANESE CHIEF OPERATING OFFICER 35.00 X 266918 0 44899 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 35.00 X 199929 0 35885 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 35.00 X 184658 0 33515 COLLEEN OLIVER NJR PUBLIC RELATIONS 35.00 X 140369 0 30842 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 35.00 X 150262 0 29642 MARY PILAAR DIRECTOR OF MEMBERSHIP OUT 35.00 X 119831 0 26253 TERESA TILTON DIRECTOR OF PROFESSIONAL S 35.00 X 117315 0 28497 CATHERINE BEST DIRECTOR OF GOVERNMENT AFFAIRS 35.00 X 128425 0 27134 YULIYA TEDESCHI GENERAL COUNSEL 35.00 X 108578 0 16603 1862202 0 375947 10 0 1 0 LONE WOLF REAL ESTAE TECHNOLOGIES INC 717 N HARWOOD STREET DALLAS TX 75201 TECHNOLOGY SERVICES 599759 GREENBAUM ROWE SMITH AND DAVIS LLP PO BOX 5600 WOODBRIDGE NJ 07095 LEGAL SERVICES 264213 MOSAIC 4801 VIEWPOINT PLACE CHEVERLY MD 20781 PRINTING & MAILING SERVICES 151894 GOODWAY GROUP INC LOCKBOX 826955 PHILADELPHIA PA 19182 DIGITAL MARKETING 131983 4 DUES 541900 7204632 7204632 CONVENTION INCOME TRIPLE PLAY 541900 1377977 1377977 SERVICE FEES AND ASSESSMENTS 541900 1340844 1340844 SUBSCRIPTIONS 541900 192352 192352 ADVERTISING 541800 187377 187377 13800 13800 10316982 184110 184110 18130 -18130 -18130 -18130 MISCELLANEOUS INCOME 900099 15046 15046 15046 10498008 10144651 187377 165980 52800 860411 6192 1744904 201645 230043 183528 260277 17170 143574 431361 113539 131756 163222 528907 784347 440818 84232 FORMS EXPENSE 538616 NJ REALTORS MAGAZINE 316060 SPEAKERS AND WORKSHOP 242650 AWARDS 129285 278114 7883451 1917553 1954438 24161866 26859267 323035 501223 63548 166340 10898844 2518457 8796027 8380387 0 35046 35262029 37896701 1351423 1367595 3230005 3256182 0 36649 4581428 4660426 X 30680601 33236275 30680601 33236275 35262029 37896701 2614557 -58883 0 X X 1 X 0 0 0 0 0 0 7204632 509698 509698 1812070 -1302372 PART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIES A 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. 302900 302900 9808859 1901647 7907212 787085 616810 170275 8380387 LEASE - LIABILITY 36649 36649 X 10439125 -58883 -58883 10498008 0 10498008 7883451 0 7883451 0 7883451 PART X, LINE 2: U.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. 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)(3) 25000 0 REBUILD COMMUNITIES AFFECTED BY DISASTERS FLORIDA REALTORS DISASTER RELIEF FUND PO BOX 725025 ORLANDO FL 327825025 593138956 501(C)(3) 25000 0 DONATION TO AID HURRICANE IAN RELIEF 2 PART I, LINE 2: GRANTS 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. X 1 1 X X X X X 0 1 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 337817 0 108100 0 0 0 53136 0 49541 0 548594 0 0 0 MARTHA CHANESE CHIEF OPERATING OFFICER 258418 0 8500 0 0 0 32056 0 12843 0 311817 0 0 0 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNME 192879 0 7050 0 0 0 23485 0 12400 0 235814 0 0 0 MAUREEN MURPHY VICE PRESIDENT OF PROFESSI 181658 0 3000 0 0 0 22159 0 11356 0 218173 0 0 0 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 147262 0 3000 0 0 0 18044 0 11598 0 179904 0 0 0 COLLEEN OLIVER NJR PUBLIC RELATIONS 137369 0 3000 0 0 0 16857 0 13985 0 171211 0 0 0 CATHERINE BEST DIRECTOR OF GOVERNMENT AFFAIRS 125925 0 2500 0 0 0 15291 0 11843 0 155559 0 0 0 PART I, LINE 1A THE 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 4B THE 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. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C THE 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 15A THE 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 19 THE 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 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLC 200 AMERICAN METRO BLVD HAMILTON NJ 08619 474589991 REAL ESTATE REDEVELOPMENT NJ 304500 8524550 NEW JERSEY ASSOCIATION OF REALTORS PART I, LINE D NEW 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.