2018-05-08T14:29:40-05:00 2017-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2017-01-01 930495706 OREGON ASSOCIATION OF REALTORS OREG 8002529115 PO BOX 351 SALEM OR 97308 JENNIFER PAKULA INTERIM CEO 8002529115 2018-04-26 1 ELSA A ROMERO P00485021 5035857774 2018-04-26 2017 2022-09-23 18:48:47Z JENNIFER PAKULA PO BOX 351 SALEM OR 97308 5158141 0 X WWW.OREGONREALTORS.ORG X 1933 OR ENHANCE THE MEMBER'S ABILITY TO CONDUCT THEIR REAL ESTATE RELATED BUSINESS ETHICALLY & COMPETENTLY. 117 117 20 117 -24381 -24381 0 0 3099835 3465198 5059 54369 82229 80211 3187123 3599778 30255 55744 0 0 1248041 1731119 0 0 0 1940423 2180584 3218719 3967447 -31596 -367669 7894883 7459864 4194182 4079499 3700701 3380365 X ENHANCE THE MEMBER'S FREEDOM AND ABILITY TO CONDUCT THEIR INDIVIDUAL REAL ESTATE RELATED BUSINESS ETHICALLY AND COMPETENTLY AND TO PROMOTE AND PRESERVE PRIVATE PROPERTY RIGHTS.THE ASSOCIATION IS THE REALTORS REAL ESTATE BUSINESS ADVOCATE, A FORCE FOR EDUCATION, AND A LEGISLATIVE ADVOCATE FOR FREE ENTERPRISE AND PRIVATE PROPERTY RIGHTS IN OREGON. THE ASSOCIATION'S CORE PURPOSE IS TO ADVANCE THE ABILITY OF OREGON REALTORS TO PRACTICE THE REAL ESTATE PROFESSION IN AN ETHICAL, PROFITABLE AND SUCCESSFUL MANNER. 0 0 PROFESSIONAL EDUCATION COURSES: OAR STRIVES TO BE THE MARKET LEADER IN OREGON REAL ESTATE EDUCATION BY PROVIDING THE HIGHEST VALUE BUSINESS, LEGAL, AND LEGISLATIVE INFORMATION FOR CONTINUING EDUCATION AND PROFESSIONAL DEVELOPMENT OF OUR MEMBERS. WE OFFER MANY PROFESSIONAL DEVELOPMENT COURSES THAT INCLUDE LEADERSHIP COURSES, TECH SEMINARS, MOTIVATIONAL SPEAKERS AND DESIGNATIONS. WE ALSO OFFER CONTINUING EDUCATION THROUGHOUT THE YEAR IN VARIOUS LOCATIONS ACROSS THE STATE.BOARD SERVICES AND ASSOCIATION PUBLICATIONS: THE WORK OF THE ASSOCIATION IS OVERSEEN BY A 15 MEMBER EXECUTIVE COMMITTEE, HEADED BY THE PRESIDENT OF THE ASSOCIATION, AND BY A 100+ MEMBER BOARD OF DIRECTORS, REPRESENTATIVE OF 24 LOCAL ASSOCIATIONS AND BOARDS FROM ACROSS THE STATE. OAR IS FUNDED BY ANNUAL MEMBERSHIP DUES, SPECIAL EVENTS, AND SPONSORSHIPS. REAL ESTATE PROFESSIONALS THROUGHOUT OREGON LOOK TO OAR AS A LEADING PROVIDER OF HIGH-QUALITY REAL ESTATE BUSINESS SERVICES INCLUDING EDUCATIONAL SEMINARS, RISK MANAGEMENT SERVICES, POLITICAL AND LEGISLATIVE ADVOCACY, AND PROFESSIONAL STANDARDS TRAINING AND ENFORCEMENT. 0 0 1 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 1 1 0 1 0 1 40 0 1 20 1 1 1 0 0 0 0 0 X 117 117 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X X X JENNY PAKULA 8002529115 2110 MISSION ST SE 230 SALEM OR 97302 GEORGE GRABENHORST PRESIDENT 1.00 X X 0 0 0 STEVEN STRODE PRESIDENT-ELECT 1.00 X X 0 0 0 MICHAEL AID DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 BETH CASTER DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 DONNA A CHARKO DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 CHERYLE M CLUNES DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 JOHN J HOWARD DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 TERESA LYNN ZAMORA DISTRICT VICE PRESIDENT 1.00 X X 0 0 0 DAVE J AMATO STATE DIRECTOR 1.00 X 0 0 0 JOHN W BAKER PAST PRESIDENT 1.00 X 0 0 0 WILLIAM W BARENDRICK PAST PRESIDENT 1.00 X 0 0 0 DOUG H BELL STATE DIRECTOR 1.00 X 0 0 0 HEATHER L BENJAMIN CHAIR 1.00 X 0 0 0 STACEY BOALS STATE DIRECTOR 1.00 X 0 0 0 MARTA BOELENS STATE DIRECTOR 1.00 X 0 0 0 CAROLYN BOSTWICK STATE DIRECTOR 1.00 X 0 0 0 VIKKI BREESE-IVERSON CHAIRMAN 1.00 X 0 0 0 DAVID BROW CHAIRMAN 1.00 X 0 0 0 BARBARA A BROWN STATE DIRECTOR 1.00 X 0 0 0 TIMM C CABLE STATE DIRECTOR 1.00 X 0 0 0 THESA CHAMBERS STATE DIRECTOR 1.00 X 0 0 0 KAREN CHURCH DIRECTOR 1.00 X 0 0 0 DREW COLEMAN STATE DIRECTOR 1.00 X 0 0 0 KENT COPPINGER STATE DIRECTOR 1.00 X 0 0 0 ERNIE R COUFAL STATE DIRECTOR 1.00 X 0 0 0 JAN CULLIVAN STATE DIRECTOR 1.00 X 0 0 0 LINDSEY M CULVER STATE DIRECTOR 1.00 X 0 0 0 DEANA DONEY STATE DIRECTOR 1.00 X 0 0 0 CAROLYN H DOZOIS PAST PRESIDENT 1.00 X 0 0 0 WARREN DUNN PAST PRESIDENT 1.00 X 0 0 0 STEPHEN EARNSHAW STATE DIRECTOR 1.00 X 0 0 0 KERRY JO EDWARDS STATE DIRECTOR 1.00 X 0 0 0 STACY M ELLINSON STATE DIRECTOR 1.00 X 0 0 0 JOHN W FAW STATE DIRECTOR 1.00 X 0 0 0 VICKI FLETCHER STATE DIRECTOR 1.00 X 0 0 0 SUZANNE FREDERICKSON STATE DIRECTOR 1.00 X 0 0 0 JAMES L FRICK STATE DIRECTOR 1.00 X 0 0 0 LESTER FRIEDMAN STATE DIRECTOR 1.00 X 0 0 0 JULIE GILBERT STATE DIRECTOR 1.00 X 0 0 0 DEBRA GISRIEL PAST PRESIDENT 1.00 X 0 0 0 MICHAEL GOTTLIEB STATE DIRECTOR 1.00 X 0 0 0 MICHAEL R GRAEPER PAST PRESIDENT 1.00 X 0 0 0 AMY GRAHAM PAST PRESIDENT 1.00 X 0 0 0 ROSI GREEN AFFILIATE MEMBER DIRECTOR 1.00 X 0 0 0 JOANN C HANSEN PAST PRESIDENT 1.00 X 0 0 0 RICK HARRIS PAST PRESIDENT 1.00 X 0 0 0 KERRI L HARTNETT STATE DIRECTOR 1.00 X 0 0 0 JACKIE K HAWKS STATE DIRECTOR 1.00 X 0 0 0 DAVID J HEMENWAY PAST PRESIDENT 1.00 X 0 0 0 TOBBE HENNBY STATE DIRECTOR 1.00 X 0 0 0 JAMES H HINKEL STATE DIRECTOR 1.00 X 0 0 0 JANEL HOFFMANN STATE DIRECTOR 1.00 X 0 0 0 DAVID HOLLAND STATE DIRECTOR 1.00 X 0 0 0 JOHN A HOOPS NAR DIRECTOR 1.00 X 0 0 0 MICHAEL HOOVER PAST PRESIDENT 1.00 X 0 0 0 PATTI L JENSEN STATE DIRECTOR 1.00 X 0 0 0 CYNDI JOHNSTON STATE DIRECTOR 1.00 X 0 0 0 MEGAN B JUMAGO STATE DIRECTOR 1.00 X 0 0 0 PAT G KAPLAN NAR DIRECTOR 1.00 X 0 0 0 BETTY KARSTEN FRC MEMBER 1.00 X 0 0 0 FRANKI R KEEFE STATE DIRECTOR 1.00 X 0 0 0 ARTHUR T KEGLER PAST PRESIDENT 1.00 X 0 0 0 DAVID J KOCH PAST PRESIDENT 1.00 X 0 0 0 MICHAEL KOZAK PAST PRESIDENT 1.00 X 0 0 0 NICK KRAUTTER STATE DIRECTOR 1.00 X 0 0 0 STEVE LUCAS STATE DIRECTOR 1.00 X 0 0 0 GARY L MAJORS STATE DIRECTOR 1.00 X 0 0 0 KELLY MARTIN STATE DIRECTOR 1.00 X 0 0 0 R BRIAN MATZA STATE DIRECTOR 1.00 X 0 0 0 DAVID MCBRIDE STATE DIRECTOR 1.00 X 0 0 0 JOAN MCCLINKTOCK STATE DIRECTOR 1.00 X 0 0 0 PAM L MCCOLLY STATE DIRECTOR 1.00 X 0 0 0 MARK MEEK STATE DIRECTOR 1.00 X 0 0 0 ALAN B MEHRWEIN NAR DIRECTOR 1.00 X 0 0 0 MARSHA L MORGAN STATE DIRECTOR 1.00 X 0 0 0 COLIN P MULLANE NAR DIRECTOR 1.00 X 0 0 0 BARRY MURPHY STATE DIRECTOR 1.00 X 0 0 0 BARBARA MYERS FRC MEMBER 1.00 X 0 0 0 MARGARET K PAGE STATE DIRECTOR 1.00 X 0 0 0 EDWARD PETROSSIAN STATE DIRECTOR 1.00 X 0 0 0 ALEXANDER T PHAN STATE DIRECTOR 1.00 X 0 0 0 ANTHONY J POLITO STATE DIRECTOR 1.00 X 0 0 0 LLOYD E PRUITT STATE DIRECTOR 1.00 X 0 0 0 JANET RAJCICH STATE DIRECTOR 1.00 X 0 0 0 DONALD L ROBERTSON STATE DIRECTOR 1.00 X 0 0 0 GAIL ROGERS CHAIRMAN 1.00 X 0 0 0 MICHEL ROY STATE DIRECTOR 1.00 X 0 0 0 DEBORA RUNNION-JESSUP STATE DIRECTOR 1.00 X 0 0 0 TIM SAELAND STATE DIRECTOR 1.00 X 0 0 0 MARISSA J SAINZ STATE DIRECTOR 1.00 X 0 0 0 EVA M SANDERS CHAIRMAN 1.00 X 0 0 0 JOE SCHAFBUCH STATE DIRECTOR 1.00 X 0 0 0 TRUDI SCHMIDT STATE DIRECTOR 1.00 X 0 0 0 DAVID A SLY STATE DIRECTOR 1.00 X 0 0 0 LAWANA S SMITH STATE DIRECTOR 1.00 X 0 0 0 JEREMY STARR PAST PRESIDENT 1.00 X 0 0 0 LORI B STENSHOEL STATE DIRECTOR 1.00 X 0 0 0 CERISE STEPHENS STATE DIRECTOR 1.00 X 0 0 0 MOLLY B STEVENS STATE DIRECTOR 1.00 X 0 0 0 ANGELA STUCKART STATE DIRECTOR 1.00 X 0 0 0 DAVID J TANGVALD STATE DIRECTOR 1.00 X 0 0 0 LAURIE THIEL STATE DIRECTOR 1.00 X 0 0 0 BARBARA THOMAS CHAIRMAN 1.00 X 0 0 0 JESSICA J TINDELL STATE DIRECTOR 1.00 X 0 0 0 CY VANDERMEER STATE DIRECTOR 1.00 X 0 0 0 DANNIE WALKER PAST PRESIDENT 1.00 X 0 0 0 PHILIP R WALKER STATE DIRECTOR 1.00 X 0 0 0 MICHAEL WARREN II STATE DIRECTOR 1.00 X 0 0 0 GREG WHISTLER STATE DIRECTOR 1.00 X 0 0 0 TROY L WILKERSON STATE DIRECTOR 1.00 X 0 0 0 CAITTLIN E WILLIAMS STATE DIRECTOR 1.00 X 0 0 0 PATTI WILLIAMSON STATE DIRECTOR 1.00 X 0 0 0 NAN WIMMERS PRESIDENT ELECT 2018 1.00 X 0 0 0 LYNETTE E WYRICK STATE DIRECTOR 1.00 X 0 0 0 BERNARD YOUNG PAST PRESIDENT 1.00 X 0 0 0 COREY D ZIELSDORF STATE DIRECTOR 1.00 X 0 0 0 JOSEPH ZIKA STATE DIRECTOR 1.00 X 0 0 0 DR JOHN WALLACE CHIEF EXECUTIVE OFFICER 40.00 X 224245 0 32663 JENNIFER PAKULA VP LEGAL AFFAIRS/INTERIM CEO 40.00 X 150514 0 16186 SHAWN CLEAVE GOVERNMENT AFFAIRS DIRECTOR 40.00 X 105092 0 13996 479851 0 62845 3 0 1 0 DECKERT JILLIONS 10260 SW GREENBURG RD STE 960 PORTLAND OR 97223 GOVERNMENT RELATIONS CONSULTING 102000 1 MEMBERSHIP DUES 531390 3097895 3097895 EVENT INCOME 531390 242811 242811 OTHER PROGRAM INCOME 531390 124492 124492 3465198 54386 54386 10173 10173 374327 412626 -38299 -38299 -24381 -13918 1145720 1145737 -17 -17 -17 OREGON REAL ESTATE FORMS, LLC 531390 108337 108337 108337 3599778 3573535 -24381 50624 55744 423608 1043722 46189 118834 98766 40462 82912 232468 35523 70608 76528 136969 295861 385434 16318 4395 ISSUES MOBILIZATION EXP 439318 LEGAL ACTION FUND 196218 BANK FEES 75541 MISCELLANEOUS 37894 54135 3967447 895313 617977 1966885 1600552 16348 19458 92053 78177 5865234 1582733 4402039 4282501 338422 685723 97554 113879 86269 61597 7894883 7459864 247366 527072 915912 884995 2786903 2665610 244001 1822 4194182 4079499 X 3700701 3380365 3700701 3380365 7894883 7459864 -367669 47333 0 X 0 1 X 1 0 824831 0 0 0 0 3097895 800552 53213 853765 827138 26627 PART I-A, LINE 1: OREGON ASSOCIATION OF REALTORS ADVOCATES BEFORE THE OREGON LEGISLATURE AND STATE REGULATORY AGENCIES TO HELP PASS LAWS AND REGULATIONS THAT ACHIEVE ITS GOALS OF A HEALTHY BUSINESS ENVIRONMENT AND ACCESSIBLE HOME OWNERSHIP. IN ADDITION, THE ASSOCIATION WORKS TO DEFEAT LEGISLATION WITH THE POTENTIAL TO HARM THE REAL ESTATE INDUSTRY OR THAT INCREASES THE COST OF HOUSING. 388730 388730 5177955 1331132 3846823 113364 85770 27594 185185 165831 19354 4282501 INTERCOMPANY PAYABLES 1822 1822 X 5581702 47333 1521964 1569297 4012405 -412626 -412626 3599779 5593509 1213436 1213436 4380073 -412626 -412626 3967447 PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 OR 2016. DURING A REVIEW OF THE TAX FILINGS FOR THE PAC IT WAS NOTED THAT THE 990 INFORMATIONAL RETURN HAD NOT BEEN FILED WITH THE IRS PRIOR TO DECEMBER 31, 2016. THE PAC HAS CONSULTED WITH A TAX ATTORNEY AND HAS FILED THE PAST DUE RETURNS FOR THE 5 YEARS PRIOR TO 2016. THE ATTORNEY HAS ESTIMATED A POTENTIAL LIABILITY OF BETWEEN $0 AND $130,000 DEPENDING ON HOW MANY YEARS THE IRS WILL REQUIRE TO BE FILED AND PENALTIES ASSESSED OR ABATED. MANAGEMENT INTENDS TO REQUEST ABATEMENT OF THESE PENALTIES AND INTEREST WITH THE FILING OF THE RETURNS. AS THE POTENTIAL LIABILITY IS UNCERTAIN AT THIS POINT, NO AMOUNTS HAVE BEEN ACCRUED. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM RELATED ORGANIZATION PER CONSOLIDATED GAAP STATEMENTS 1,966,642. ELIMINATING ENTRIES PER CONSOLIDATED GAAP STATEMENTS -444,678. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -412,626. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM RELATED ORGANIZATION PER CONSOLIDATED GAAP STATEMENTS 1,658,114. ELIMINATING ENTRIES PER CONSOLIDATED GAAP STATEMENTS -444,678. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -412,626. 1 OREGON ASSOCIATION OF REALTORS HOME FOUNDATION PO BOX 351 SALEM OR 97308 841641552 501(C)(3) 34488 HOUSING GRANTS 1 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S THE ASSOCIATION MONITORS THE USE OF GRANT FUNDS THROUGH SHARED ACCOUNTING AND REPORTING ACTIVITIES. X X X 0 0 0 DR JOHN WALLACE CHIEF EXECUTIVE OFFICER 186024 0 0 0 38221 0 8265 0 24398 0 256908 0 0 0 JENNIFER PAKULA VP LEGAL AFFAIRS/INTERIM CEO 145514 0 5000 0 0 0 7005 0 9181 0 166700 0 0 0 PART I, LINE 3 ALL COMPENSATION IS COMPARED AND MEASURED AGAINST INDEPENDENT 3RD PARTY SALARY SURVEY. THE CEO HAS AN EMPLOYMENT CONTRACT DETAILING THE AGREED COMPENSATION WHICH IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ASSOCIATION CONSIST OF EIGHT CLASSES: MEMBER BOARD/ASSOCIATIONS, ASSOCIATION MEMBERS, REALTOR MEMBERS, INSTITUTE AFFILIATE MEMBERS, AFFILIATE MEMBERS, HONORARY MEMBERS, LIFE SERVICE MEMBERS/REALTOR EMERITUS MEMBERS, ASSOCIATION EXECUTIVE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS ARE ELECTED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE ANNUAL 990 FORM, THE FINANCE REVIEW COMMITTEE SERVES AS THE REVIEW BODY ON BEHALF OF THE OREGON ASSOCIATION OF REALTORS BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION SENDS OUT A BOARD QUESTIONNAIRE WHICH DISCUSSES INDEPENDENCE AND ON AN ANNUAL BASIS MEMBERS UPDATE THE FORM IF ANY CHANGES WERE MADE. FORM 990, PART VI, SECTION B, LINE 15A ALL COMPENSATION IS COMPARED AND MEASURED AGAINST INDEPENDENT 3RD PARTY SURVEY. THE CEO HAS AN EMPLOYMENT CONTRACT DETAILING THE AGREED COMPENSATION WHICH IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENT ARE AVAILABLE UPON REQUEST. OREGON REALTORS PLAZA LLC 2110 MISSION ST SE SALEM OR 97032 770692637 COMMERCIAL REAL ESTATE OR 374327 4347247 OREGON ASSOCIATION OF REALTORS OREGON REALTORS HOME FOUNDATION PO BOX 351 SALEM OR 97308 841641552 CHARITABLE DONATIONS OR 501(C)(3) LINE 7 N/A 0 OREGON REALTORS POLITICAL ACTION COMMITTEE PO BOX 351 SALEM OR 97308 931242104 POLITICAL OR 527 OREGON ASSOCIATION OF REALTORS 1 OREGON FIRST HOME COALITION PO BOX 351 SALEM OR 97308 815397791 INCREASE HOME OWNERSHIP IN OR OR 501(C)(4) OREGON ASSOCIATION OF REALTORS 1 OREGON REAL ESTATE FORMS 825 NE MULTNOMAH ST SE STE 1145 PORTLAND OR 97032 911823588 SALE OF REAL ESTATE FORMS OR N/A SALE OF FORMS 108337 113879 0 0 0.20000 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1 1 1 1 OREGON REALTORS POLITICAL ACTION COMMITTEE Q 582734 COST