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NEW JERSEY ASSOCIATION OF REALTORS: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NEW JERSEY ASSOCIATION OF REALTORS (EIN 22-1151210)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-11
IRS object ID
202131319349300808
Schema version
2020v4.1
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)
Return2021-05-11T07:51:51-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-05-11SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAPHAEL J CARLETTI CPAPreparerPersonNm
PTINP01747794PTIN
Phone6096899700PhoneNum
Preparation2021-05-11PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$7,237,894GrossReceiptsAmt
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 Body49VotingMembersGoverningBodyCnt
Voting Members Independent49VotingMembersIndependentCnt
Total Employee19TotalEmployeeCnt
Total Volunteers295TotalVolunteersCnt
Total Gross UBI$143,037TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$8,697,131PYProgramServiceRevenueAmt
CY Program Service Revenue$7,014,478CYProgramServiceRevenueAmt
PY Investment Income$235,125PYInvestmentIncomeAmt
CY Investment Income$209,858CYInvestmentIncomeAmt
PY Other Revenue$29,590PYOtherRevenueAmt
CY Other Revenue$11,609CYOtherRevenueAmt
PY Total Revenue$8,961,846PYTotalRevenueAmt
CY Total Revenue$7,235,945CYTotalRevenueAmt
PY Grants And Similar Paid$43,902PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$51,650CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,500,705PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,766,602CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,348,313PYOtherExpensesAmt
CY Other Expenses$2,561,913CYOtherExpensesAmt
PY Total Expenses$6,892,920PYTotalExpensesAmt
CY Total Expenses$5,380,165CYTotalExpensesAmt
PY Revenues Less Expenses$2,068,926PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,855,780CYRevenuesLessExpensesAmt
Total Assets BOY$29,795,265TotalAssetsBOYAmt
Total Assets EOY$31,398,592TotalAssetsEOYAmt
Total Liabilities BOY$3,410,770TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,144,614TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,384,495NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$28,253,978NetAssetsOrFundBalancesEOYAmt
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 Liabilities0ReportOtherLiabilitiesInd
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 Document55IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee19EmployeeCnt
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 Members49GoverningBodyVotingMembersCnt
Independent Voting Member49IndependentVotingMemberCnt
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 (56 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JARROD GRASSO
CHIEF EXECUTIVE OFFICER35.00Yes (X)$350,590$0$70,948
MARTHA CHANESE
CHIEF OPERATING OFFICER35.00Yes (X)$239,665$0$50,861
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNMENT AFFAIRS35.00$181,261$0$31,773Yes (X)
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSIONAL DEVELOPMENT35.00$171,717$0$31,188Yes (X)
COLLEEN OLIVER
NJR PUBLIC RELATIONS35.00$121,780$0$27,376Yes (X)
MARY PILLAR
DIRECTOR OF MEMBERSHIP OUTREACH35.00$115,339$0$25,924Yes (X)
TERESA TILTON
DIRECTOR OF PROFESSIONAL SERVICES35.00$112,938$0$26,527Yes (X)
ANGELA SICOLI
PRESIDENT5.00Yes (X)$0$0$0Yes (X)
JONES JEFFREY
PRESIDENT ELECT5.00Yes (X)$0$0$0Yes (X)
ILENE HOROWITZ
IMMEDIATE PAST PRESIDENT5.00Yes (X)$0$0$0Yes (X)
ROBERT WHITE
FIRST VICE PRESIDENT5.00Yes (X)$0$0$0Yes (X)
KATHLEEN MORIN
TREASURER5.00Yes (X)$0$0$0Yes (X)
JESUS ABREU
MEMBER0.20$0$0$0Yes (X)
MARGARET AJAMIAN
MEMBER0.20$0$0$0Yes (X)
GENE AMSEL
MEMBER0.20$0$0$0Yes (X)
NICOLE BANBOR
MEMBER0.20$0$0$0Yes (X)
VALERIE ARCH BELARDO
MEMBER0.20$0$0$0Yes (X)
CHRISTOPHER BEZAIRE
MEMBER0.20$0$0$0Yes (X)
FRANCES BLAKELY
MEMBER0.20$0$0$0Yes (X)
COLLEEN CAMILLO
MEMBER0.20$0$0$0Yes (X)
CHRISTINA CLEMANS
MEMBER0.20$0$0$0Yes (X)
LORRAINE COLAVITO
MEMBER0.20$0$0$0Yes (X)
KEN COOPER
MEMBER0.20$0$0$0Yes (X)
MARY DAVIS
MEMBER0.20$0$0$0Yes (X)
ANGEL DESCH
MEMBER0.20$0$0$0Yes (X)
KATHLEEN DIGUGLIELMO
MEMBER0.20$0$0$0Yes (X)
DREW FISHMAN
MEMBER0.20$0$0$0Yes (X)
SANDRA GARDNER
MEMBER0.20$0$0$0Yes (X)
TG GLAZER
MEMBER0.20$0$0$0Yes (X)
CATHERINE GRECO
MEMBER0.20$0$0$0Yes (X)
TERRY HAULLER
MEMBER0.20$0$0$0Yes (X)
WILLIAM HANLEY
MEMBER0.20$0$0$0Yes (X)
KAHTLEEN HOUSTON
MEMBER0.20$0$0$0Yes (X)
C JOHN KRUK
MEMBER0.20$0$0$0Yes (X)
GENE KRUTYANSKY
MEMBER0.20$0$0$0Yes (X)
SUSAN LARUE
MEMBER0.20$0$0$0Yes (X)
NICK MANIS
MEMBER0.20$0$0$0Yes (X)
MARY ANN MASON
MEMBER0.20$0$0$0Yes (X)
GLORIA MONKS
MEMBER0.20$0$0$0Yes (X)
WILLIAM NELSON
MEMBER0.20$0$0$0Yes (X)
MARY NUZIALE
MEMBER0.20$0$0$0Yes (X)
SHAWN O'BRIEN
MEMBER0.20$0$0$0Yes (X)
JOSEPH ORAZI
MEMBER0.20$0$0$0Yes (X)
JOSEPH PINO
MEMBER0.20$0$0$0Yes (X)
APRIL PUESI
MEMBER0.20$0$0$0Yes (X)
MARK QUARTELLO
MEMBER0.20$0$0$0Yes (X)
MARGARET READ
MEMBER0.20$0$0$0Yes (X)
JAIRO RODRIGUEZ
MEMBER0.20$0$0$0Yes (X)
ANNETTE RUBIN
MEMBER0.20$0$0$0Yes (X)
NICOLE SABARESE
MEMBER0.20$0$0$0Yes (X)
CHRISTIAN SCHLUETER
MEMBER0.20$0$0$0Yes (X)
WENDY SMITH
MEMBER0.20$0$0$0Yes (X)
TERESA TRIGAS-PFEFFERLE
MEMBER0.20$0$0$0Yes (X)
DAVID WEISBROD
MEMBER0.20$0$0$0Yes (X)
PAMELA WILLARD
MEMBER0.20$0$0$0Yes (X)
RONALD WOODS
MEMBER0.20$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,293,290TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$264,597TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
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
GREENBAUM ROWE SMITH AND DAVIS LLP
PO BOX 5600WOODBRIDGENJ07095LEGAL SERVICES$306,529
LONE WOLF REAL ESTAE TECHNOLOGIES INC
717 N HARWOOD STREETDALLASTX75201TECHNOLOGY SERVICES$161,356
ZIPLOGIX
PO BOX 130FRASERMI48026TRANSACTION MANAGEMENT$128,802
MOSAIC
4801 VIEWPOINT PLACECHEVERLYMD20781PRINTING & MAILING SERVICES$113,887
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES541900$5,523,693$5,523,693
SERVICE FEES AND ASSES541900$1,180,608$1,180,608
SUBSCRIPTIONS541900$167,140$167,140
ADVERTISING541800$143,037$143,037
FieldValueIRS element (for citing)
Total Program Service Revenue$7,014,478TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$211,807TotalRevenueColumnAmt
Exclusion$211,807ExclusionAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$1,949OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$1,949OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,949TotalRevenueColumnAmt
Exclusion-$1,949ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Business900099BusinessCd
Total Revenue Column$11,609TotalRevenueColumnAmt
Related Or Exempt Func Income$11,609RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$11,609OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,235,945TotalRevenueColumnAmt
Related Or Exempt Func Income$6,883,050RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$143,037UnrelatedBusinessRevenueAmt
Exclusion$209,858ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$51,650TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$712,064TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,513,858TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$207,524TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$170,530TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$162,626TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$202,884TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,165TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$161,539TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$281,951TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$68,176TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$64,877TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$141,798TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$138,775TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$29,738TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$431,176TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$69,296TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
FORMS EXPENSES$363,685
NJ REALTORS MAGAZINE$262,531
BANK AND CREDIT CARD FE$146,411
AWARDS$117,488

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$50,423TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,380,165TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,618,106BOYAmt
EOY$1,698,490EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$16,962,735BOYAmt
EOY$20,393,711EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$504,339BOYAmt
EOY$21,362EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$127,460BOYAmt
EOY$128,190EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,836,627LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,679,788LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,582,625BOYAmt
EOY$9,156,839EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$29,795,265BOYAmt
EOY$31,398,592EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,541,321BOYAmt
EOY$510,040EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,869,449BOYAmt
EOY$2,634,574EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,410,770BOYAmt
EOY$3,144,614EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$26,384,495BOYAmt
EOY$28,253,978EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,384,495BOYAmt
EOY$28,253,978EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,795,265BOYAmt
EOY$31,398,592EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,855,780ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$13,703NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
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$5,523,693DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$474,637NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$474,637NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$1,873,406AggregateReportedDuesNtcAmt
Taxable-$1,398,769TaxableAmt

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 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$9,797,735OtherCostOrOtherBasisAmt
Depreciation$1,259,953DepreciationAmt
Book Value$8,537,782BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$735,992OtherCostOrOtherBasisAmt
Depreciation$419,835DepreciationAmt
Book Value$316,157BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,156,839TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
GREATER TRENTON INC
124 W STATE STTRENTONNJ08608261307260501(C)(3)$10,000CAPITAL LOAN POOL
REALTORS RELIEF FOUNDATION
430 N MICHIGAN AVECHICAGOIL60611364468109501(C)(3)$15,000REBUILD COMMUNITIES AFFECTED BY DISASTERS
NEW JERSEY ASSOCIATION OF REALTORS EDUCATION FOUNDATION
10 HAMILTON AVENUETRENTONNJ08611237063186501(C)(3)$9,5002020 SCHOLARSHIP FUNDING
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt

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 (4 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$317,090$0$33,500$0$0$0$34,200$0$36,748$0$421,538$0$0$0
MARTHA CHANESE
CHIEF OPERATING OFFICER$236,165$0$3,500$0$0$0$28,786$0$22,075$0$290,526$0$0$0
DOUGLAS TOMSON
VICE PRESIDENT OF GOVERNMENT AFFAIRS$181,261$0$0$0$0$0$21,268$0$10,505$0$213,034$0$0$0
MAUREEN MURPHY
VICE PRESIDENT OF PROFESSIONAL DEVEL$171,717$0$0$0$0$0$20,606$0$10,582$0$202,905$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. THE EMPLOYEES HAVE NOT RECEIVED ANY PAYMENT FROM THE NON-QUALIFIED PLAN TO DATE.

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$8,962,146EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

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