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NEW JERSEY ASSOCIATION OF REALTORS: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
NEW JERSEY ASSOCIATION OF REALTORS (EIN 22-1151210)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-12
IRS object ID
201511329349303316
Schema version
2014v5.0
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)
Return2015-05-12T14:28:57-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN131610809PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRIEDMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 EAGLE ROCK AVENUE STE 200AddressLine1Txt
CityEAST HANOVERCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07936ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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
Phone7324945616PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 AMERICAN METRO BLVD STE 123AddressLine1Txt
CityHAMILTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08619ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJARROD GRASSOPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone7324945616PhoneNum
Signature2015-05-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSCOTT R KRIEGERPreparerPersonNm
PTINP00358640PTIN
Phone9739293500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1NEW JERSEY REALTORSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 AMERICAN METRO BLVD STE 123AddressLine1Txt
CityHAMILTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08619ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,843,886GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.NJREALTOR.COMWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
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 Body135VotingMembersGoverningBodyCnt
Voting Members Independent135VotingMembersIndependentCnt
Total Employee23TotalEmployeeCnt
Total Volunteers175TotalVolunteersCnt
Total Gross UBI$173,659TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$6,365,198PYProgramServiceRevenueAmt
CY Program Service Revenue$6,703,087CYProgramServiceRevenueAmt
PY Investment Income$41,730PYInvestmentIncomeAmt
CY Investment Income$1,125,237CYInvestmentIncomeAmt
PY Other Revenue-$11,245PYOtherRevenueAmt
CY Other Revenue-$14,112CYOtherRevenueAmt
PY Total Revenue$6,395,683PYTotalRevenueAmt
CY Total Revenue$7,814,212CYTotalRevenueAmt
PY Grants And Similar Paid$22,309PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$18,660CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,959,396PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,087,321CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$3,376,713PYOtherExpensesAmt
CY Other Expenses$3,295,138CYOtherExpensesAmt
PY Total Expenses$5,358,418PYTotalExpensesAmt
CY Total Expenses$5,401,119CYTotalExpensesAmt
PY Revenues Less Expenses$1,037,265PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,413,093CYRevenuesLessExpensesAmt
Total Assets BOY$18,608,885TotalAssetsBOYAmt
Total Assets EOY$21,139,738TotalAssetsEOYAmt
Total Liabilities BOY$1,635,170TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,767,441TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,973,715NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$19,372,297NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFTECTING REAL ESTATE, & TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE & THE PROFESSIONAL CONDUCT OF PERSONS ENGAGED THEREIN.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 - PROMOTING SUPERIOR ETHICS AND CONDUCT.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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document68IRPDocumentCnt
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members135GoverningBodyVotingMembersCnt
Independent Voting Member135IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
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 OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NJ ASSOCIATION OF REALTORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7324945616PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 AMERICAN METRO BLVD STE 123AddressLine1Txt
CityHAMILTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08619ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
CHRISTINA BANASIAK
IMMEDIATE PAST PRESIDENT5.00Yes (X)Yes (X)$0$0$0
CINDY MARSH-TICHY
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
EUGENIA BONILLA
PRESIDENT - ELECT5.00Yes (X)Yes (X)$0$0$0
ANGELA SICOLA
TREASURER5.00Yes (X)Yes (X)$0$0$0
TG GLAZER
FIRST VICE PRESIDENT5.00Yes (X)Yes (X)$0$0$0
JARROD GRASSO
CHIEF EXECUTIVE OFFICER/SECRETARY35.00Yes (X)$274,115$0$44,387
MAUREEN MURPHY
DIR. OF PROFESSIONAL DEVEL35.00$128,173$0$21,541Yes (X)
MARTHA CHANESE
CHIEF OPERATIONS OFFICER35.00$195,796$0$29,656Yes (X)
TERESA TILTON
DIR. OF MEMBER SERVICES35.00$100,754$0$18,250Yes (X)
DOUGLAS TOMSON
DIR. OF GOVERNMENT AFFAIRS35.00$126,807$0$21,103Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$825,645TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$134,937TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
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/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmProvince Or StateContractorAddress/ForeignAddress/ProvinceOrStateNmCountryContractorAddress/ForeignAddress/CountryCd
CLARKE CATON HINTZ PC
100 BARRACK STREETTRENTONNJ08608ARCHITECT SERVICES$391,140
FLORIDA ASSN OF REALTORS
PO BOX 725025ORLANDOFL328725025ONLINE FORMS SERVICE$289,451
MOSAIC
4801 VIEWPOINT PLACECHEVERLYMD20781ADVERTISING AND PRINTING SERVICES$207,745
CLEARPICTURE CORPORATION
CONTINUING EDUCATION$191,450130-36 SOLUTIONS DRIVEHALIFAXNOVA SCOTIACA
CAESAR'S
PO BOX 17010LAS VEGASNV89114CONVENTION SERVICES$186,323
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K7CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
DUES541900$4,866,664$4,866,664
CONVENTION, NET611430$1,256,294$1,256,294
ADVERTISING541800$173,659$173,659
SUBSCRIPTIONS541900$129,995$129,995
AWARDS, NET541900$128,240$128,240

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$148,235TotalRevenueColumnAmt
Related Or Exempt Func Income$148,235RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$6,703,087TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,973TotalRevenueColumnAmt
Exclusion$24,973ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$165,826RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$179,938RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$14,112RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$14,112TotalRevenueColumnAmt
Related Or Exempt Func Income-$14,112RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$1,950,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$849,736OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$1,100,264OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,100,264TotalRevenueColumnAmt
Exclusion$1,100,264ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,814,212TotalRevenueColumnAmt
Related Or Exempt Func Income$6,515,316RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$173,659UnrelatedBusinessRevenueAmt
Exclusion$1,125,237ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$18,660TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$274,115TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,347,391TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$178,621TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$163,927TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$123,267TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$73,075TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25,750TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$145,360TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$59,225TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$164,795TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$659,297TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$265,964TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$133,827TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$315,910TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$80,732TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$48,269TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$32,858TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
TRIPLE PLAY CONVENTION$1,014,435
OTHER PROGRAM EXPENSES$168,610
MISCELLANEOUS$75,947
TELEPHONE$20,284

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,800TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,401,119TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,140,562BOYAmt
EOY$1,336,356EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,089,832BOYAmt
EOY$17,801,852EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$119,026BOYAmt
EOY$49,425EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$195,937BOYAmt
EOY$218,166EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$788,039LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$242,100LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$859,035BOYAmt
EOY$545,939EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,202,595BOYAmt
EOY$1,188,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,898BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$18,608,885BOYAmt
EOY$21,139,738EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$513,709BOYAmt
EOY$518,346EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,105,692BOYAmt
EOY$1,249,095EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,769BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,635,170BOYAmt
EOY$1,767,441EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$16,973,715BOYAmt
EOY$19,372,297EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,973,715BOYAmt
EOY$19,372,297EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$18,608,885BOYAmt
EOY$21,139,738EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$2,413,093ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$14,511OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
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$4,866,664DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$384,853NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$384,853NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$385,340AggregateReportedDuesNtcAmt
Taxable-$487TaxableAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$788,039InvestmentCostOrOtherBasisAmt
Depreciation$242,100DepreciationAmt
Book Value$545,939BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$545,939TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENTS IN CERTIFICATES OF DEPOSITDesc
Book Value$1,188,000BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$1,188,000TotalBookValueSecuritiesAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1REALTOR UNIVERSITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1430 N MICHIGAN AVENUE 6TH FLOORAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Recipient EIN452102449RecipientEIN
Cash Grant$5,000CashGrantAmt
Purpose Of GrantDONATION TO SCHOLARSHIP FUNDPurposeOfGrantTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Substantiation RequiredYes (1)SubstantiationRequiredInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 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/SECRETARY$274,115$0$0$0$0$0$31,200$0$13,187$0$318,502$0$0$0
MARTHA CHANESE
CHIEF OPERATIONS OFFICER$195,796$0$0$0$0$0$23,496$0$6,160$0$225,452$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION.
FORM 990, PART VI, SECTION A, LINE 7ATHE ASSOCIATION MEMBERS HOLD AN ANNUAL ELECTION TO ELECT THE LEADERSHIP TEAM.
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATIONS OFFICER OF THE ORGANIZATION AND IS THEN MADE AVAILABLE TO THE LEADERSHIP TEAM OF OFFICERS WHO REVIEW AT THEIR DISCRETION.
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, THE CONFLICT OF INTEREST POLICY IS REVIEWED. ALL COMMITTEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15THE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE CHIEF EXECUTIVE OFFICER'S (CEO) EMPLOYMENT CONTRACT. THE ASSOCIATION PURCHASES THE NEW JERSEY BUSINESS & INDUSTRY ASSOCIATION'S COMPENSATION REPORT TO USE IN THE EVALUATION OF THE CEO'S COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON ITS WEBSITE: WWW.NJAR.COM.
FORM 990, PART XI, LINE 9:BOOK TO TAX DEPRECIATION ADJUSTMENT -14,511.
FORM 990, PART XII, LINE 2C:THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
NEW JERSEY ASSOCIATION OF REALTORS GOVERNMENTAL RESEARCH FOUNDATION
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619223796879CONDUCT RESEARCH,PROMOTE KNOWLEDGE OF SUCH RESEARCH, PROVIDE RESEARCH GRANTSNJ501(C)(4)0
NEW JERSEY ASSOCIATION OF REALTORS HOUSING OPPORTUNITY FOUNDATION
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619810636974PROMOTE INDIVIDUAL HOME OWNERSHIP THROUGH EDUCATION & SUPPORT SERVICESNJ501(C)(3)0509(A)(2)
REALTORS POLITICAL ACTION COMMITTEE
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619236234937SOLICIT VOLUNTARY CONTRIBUTIONS FOR SUPPORT OF CANDIDATES FOR PUBLIC OFFICENJ5270
ISSUES MOBILIZATION (IMPAC)
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619223102761THROUGH PUBLIC INFORMA. & EDUCATNL CAMPAIGNS ADVOCATES FOR PRIVATE PROPERTYNJ5270
NJAR EDUCATIONAL FOUNDATION
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619237063186PROMOTION AND KNOWLEDGE IN R/E THROUGH EDUCATIONAL ASSISTANCE FOR STUDENTSNJ501(C)(3)0509(A)(2)
NEW JERSEY REAL ESTATE ADVOCACY LEAGUE
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619465680417INFORM THE PUBLIC ABOUT POSITIONS HELD BY PUBLIC OFFICIALS IN REAL ESTATENJ5270
BAYONNE RESIDENTS FOR TAXPAYERS FAIRNESS
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619471816506PROMOTE THE EQUITABLE TREATMENT OF CONSUMERS/OWNERS IN THE REAL ESTATE MARKENJ5270
NEW JERSEY COALITION FOR REAL ESTATE
200 AMERICAN METRO BLVD STE 123HAMILTONNJ08619465735375PROMOTE JOB GROWTH WITHIN THE REAL ESTATE INDUSTRY AND STRENGTHEN ECONOMICSNJ5270
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmt
NJAR GOVERNMENTAL RESEARCH FOUNDATION INC
N$30,000
NJAR HOUSING OPPORTUNITY FOUNDATION INC
N$25,000
REALTORS POLITICAL ACTION COMMITTEE
N$30,000
ISSUES MOBILIZATION
N$30,000
NJAR EDUCATIONAL FOUNDATION
N$10,000