NORTHERN VIRGINIA ASSOC OF REALTORS INCORPORATED: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- NORTHERN VIRGINIA ASSOC OF REALTORS INCORPORATED (EIN 54-0486410)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-09
- IRS object ID
- 201143139349301009
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-09T12:19:43-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMITH ELLIOTT KEARNS & COMPANY LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 480 N POTOMAC STREET | AddressLine1 |
| City | HAGERSTOWN | City |
| State | MD | State |
| ZIP Code | 21740 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540486410 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHERN VIRGINIA ASSOCIATION OF REALTORS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 7032073200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8407 PENNELL STREET | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22031 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHRISTINE M TODD | Name |
| Title | CHIEF EXECUTIVE OFFICER | Title |
| Phone | 7032073200 | Phone |
| Date Signed | 2011-10-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWARD L BUCHANAN IV CPA | Name |
| Phone | 3017335020 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CHRISTINE M TODD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8407 PENNELL STREET | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22031 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5827479 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | NVAR.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1958 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | TO ENHANCE THE ABILITY OF NORTHERN VIRGINIA REALTORS TO CONDUCT BUSINESS SUCCESSFULLY AND ADHERE TO REALTOR CODE OF ETHICS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 57 | TotalNbrEmployees |
| Total Nbr Volunteers | 250 | TotalNbrVolunteers |
| Total Gross UBI | 98502 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5807792 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5147877 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3508909 | InvestmentIncomePriorYear |
| Investment Income Current Year | 172830 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 255260 | OtherRevenuePriorYear |
| Other Revenue Current Year | 246516 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9575961 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5568223 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 17760 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 19575 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3139010 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3138117 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2861939 | OtherExpensePriorYear |
| Other Expenses Current Year | 2840506 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6018709 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5998198 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3557252 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -429975 | RevenuesLessExpensesCY |
| Total Assets BOY | 19759766 | TotalAssetsBOY |
| Total Assets EOY | 21136440 | TotalAssetsEOY |
| Total Liabilities BOY | 4273302 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6065097 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15486464 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15071343 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS' (NVAR) MISSION IS TO ENHANCE THE ABILITY AND OPPORTUNITY OF OUR MEMBERS TO CONDUCT THEIR BUSINESS SUCCESSFULLY, TO PROMOTE MEMBER PROFESSIONAL COMPETENCY, TO MAINTAIN MEMBER'S ADHERENCE TO THE REALTOR CODE OF ETHICS AND TO PROMOTE THE PRESERVATION OF THE RIGHT TO OWN, TRANSFER, AND USE REAL PROPERTY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS' (NVAR) EDUCATIONAL PROGRAM SERVICE ACHIEVES THE ASSOCIATION'S PURPOSE OF PROVIDING CURRENT AND PROSPECTIVE REAL ESTATE PROFESSIONALS WITH THE KNOWLEDGE NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA AND, BY OFFERING CONTINUING EDUCATION CLASSES, ASSIST MEMBERS IN MEETING THEIR STATE LICENSING REQUIREMENTS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF DISSEMINATING INFORMATION TO THE MEMBERSHIP AND GENERAL PUBLIC. THIS INFORMATION ASSISTS IN PROVIDING VITAL INFORMATION REGARDING THE REAL ESTATE MARKET, REGULATORY AND LEGAL ISSUES AFFECTING REAL ESTATE AND THE REAL ESTATE PROFESSION IN NORTHERN VIRGINIA. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF PROVIDING MEMBERS THE PRODUCTS AND TOOLS NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 10 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 57 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES H FOSTER CPA CMACFO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7032073200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8407 PENNELL STREET | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22031 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| VINH NGUYEN | ||||||||
| CHAIRMAN | 10.00 | X | X | 0 | 0 | 0 | ||
| KAREN TRAINOR | ||||||||
| CHAIRMAN-ELECT | 2.00 | X | X | 0 | 0 | 0 | ||
| PAT KLINE | ||||||||
| SECRETARY/TREASURER | 2.00 | X | X | 0 | 0 | 0 | ||
| SUSAN MEKENNEY | ||||||||
| IMMEDIATE PAST CHAIRMAN | 2.00 | X | X | 0 | 0 | 0 | ||
| VALASIE AUGUST | ||||||||
| DIRECTOR | 1.00 | X | 9875 | 0 | 0 | |||
| JULIA AVENT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| TAMMY BAGNATO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROBYN BURDETT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CHRIS CALL | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DELK HAMAKER | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| SCOTT MACDONALD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| PETER RICKERT | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MARIO RUBIO | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| TRUDY SEVERA | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MERLIN SMITH | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JON WOLFORD | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CHRISTINE M TODD | ||||||||
| CHIEF EXECUTIVE OFFICER | 50.00 | X | 389614 | 0 | 63151 | |||
| ELIZABETH COYA | ||||||||
| SR VP OF GOVERNMENT AFFAIRS | 50.00 | 168487 | 0 | 15596 | X | |||
| MARGARET MUELLER-TYLER | ||||||||
| CHIEF OPERATING OFFICER | 50.00 | 174062 | 0 | 19806 | X | |||
| SARAH PETCHER | ||||||||
| GENERAL COUNSEL | 50.00 | 123566 | 0 | 10589 | X | |||
| JAMES FOSTER | ||||||||
| CHIEF FINANCIAL OFFICER | 50.00 | 122759 | 0 | 7919 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 988363 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 117061 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LF JENNINGS INC | |||||
| 407 NORTH WASHINGTON STREET SUITE | FALLS CHURCH | VA | 22046 | CONSTRUCTION SERVICES | 4155075 |
| WASHINGTON WORKPLACE | |||||
| 2300 SOUTH 9TH STREET | ARLINGTON | VA | 22204 | ORRICE FURNITURE & EQUIPMENT | 367458 |
| CWPS | |||||
| 14120-A SULLYFIELD CIRCLE | CHANTILLY | VA | 20151 | IT SERVICES | 296830 |
| APPLIED VISUAL COMMUNICATIONS | |||||
| 450 SPRING PARK PLACE SUITE 1200 | HERNDON | VA | 20170 | AUDIO-VISUAL SYSTEM & EQUIPMENT | 179342 |
| PENNELL STREET LLC | |||||
| 8401 ARLINGTON BOULEVARD | FAIRFAX | VA | 22031 | CONSTRUCTION SERVICES | 164097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| All Other Contributions | 1000 | AllOtherContributions |
| Total Contributions | 1000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | 3276305 | 3276305 | |
| LOCKBOX SERVICE REVENU | 900099 | 1005575 | 1005575 | |
| EDUCATION REVENUE | 611600 | 496360 | 496360 | |
| EVENTS & MEETINGS | 900099 | 287720 | $287,720 | |
| PROFESSIONAL SERVICES | 900099 | 29005 | 29005 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 52912 | TotalRevenueColumn |
| Related Or Exempt Function Income | 52912 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5147877 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 148430 | TotalRevenueColumn |
| Exclusion | $148,430 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 24797 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 24797 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24797 | TotalRevenueColumn |
| Exclusion | $24,797 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24400 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24400 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24400 | TotalRevenueColumn |
| Exclusion | $24,400 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 385190 | GrossSalesOfInventory |
| Cost Of Goods Sold | 259256 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 125934 | TotalRevenueColumn |
| Related Or Exempt Function Income | 123217 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2717 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|
| ADVERTISING | 541800 | 95451 | 95451 |
| MISCELLANEOUS REVENUE | 812900 | 334 | 334 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 95785 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5568223 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4983374 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 98502 | UnrelatedBusinessRevenue |
| Exclusion | $485,347 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19575 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 833581 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1880978 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93278 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 149644 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180636 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2667 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32406 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35514 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 901 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 76723 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44907 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 551693 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 646780 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87734 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 244028 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 912490 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12112 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| BANK CREDIT CARD CHARGE | 152344 |
| BUSINESS TAXES | 13520 |
| MISCELLANEOUS EXPENSE | 12244 |
| PROVISION FOR INCOME TA | 12214 |
| BAD DEBT EXPENSE | 2229 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5998198 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4776 | BOY |
| EOY | 1100 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11101525 | BOY |
| EOY | 7690606 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60368 | BOY |
| EOY | 57948 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 206630 | BOY |
| EOY | 112087 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80505 | BOY |
| EOY | 78525 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 11881647 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 910405 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2001027 | BOY |
| EOY | 10971242 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66642 | BOY |
| EOY | 76558 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167721 | BOY |
| EOY | 167721 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6070572 | BOY |
| EOY | 1980653 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19759766 | BOY |
| EOY | 21136440 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1373531 | BOY |
| EOY | 1277024 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2300649 | BOY |
| EOY | 2168951 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 599122 | BOY |
| EOY | 2619122 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4273302 | BOY |
| EOY | 6065097 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5457076 | BOY |
| EOY | 14468343 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10029388 | BOY |
| EOY | 603000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15486464 | BOY |
| EOY | 15071343 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19759766 | BOY |
| EOY | 21136440 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -429975 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 14854 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 37095 | PoliticalExpenditures |
| Amt Expended For527 Activities | 12181 | AmtExpendedFor527Activities |
| Amt Of Internal Funds Contributed | 24914 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 37095 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | 0 | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs
Name Of527 Organization NameOf527Organization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHERN VIRGINIA REALTORS POLITICAL ACTION COMMITTEE | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8407 PENNELL STREET | AddressLine1 |
| City | FAIRFAX | City |
| State | VA | State |
| ZIP Code | 22031 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541982495 | EIN |
| Amt Pd From Internal Funds | 24914 | AmtPdFromInternalFunds |
| Amt Of Contribs Recd Delivered | 0 | AmtOfContribsRecdDelivered |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
| Dues Assessments | 2968935 | DuesAssessments |
| Non Ded Lobby Political Current | 37095 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 37095 | NonDedLobbyPoliticalTotal |
| Aggr Amt Reported In Dues Notices | 32858 | AggrAmtReportedInDuesNotices |
| Amount To Be Carried Over | 4237 | AmountToBeCarriedOver |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | THE NORTHERN VIRGINIA ASSOCIATION'S DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES CONSIST OF THE FOLLOWING: 1.) INTERACTING WITH STATE AND LOCAL LEGISLATORS IN ORDER TO COMMUNICATE TO THEM THE BEST INTERESTS OF OUR REALTOR MEMBERS; 2.) CONTRIBUTING AN ANNUAL MONETARY CONTRIBUTION TO OUR NORTHERN VIRGINIA REALTORS PAC TO ASSIST THEM IN THEIR EFFORTS; 3.) COMMUNICATING TO OUR MEMBERS OUR POSITIONS ON ISSUES AFFECTING THE REALTOR INDUSTRY; AND 4.) PROVIDING ADMINISTRATIVE SUPPORT TO OUR PAC. | Explanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1947346 | OtherCostOrOtherBasis |
| Book Value | 1947346 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8231478 | OtherCostOrOtherBasis |
| Depreciation | 298244 | Depreciation |
| Book Value | 7933234 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1702823 | OtherCostOrOtherBasis |
| Depreciation | 612161 | Depreciation |
| Book Value | 1090662 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10971242 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (8 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ACCRUED INTEREST | 5473 |
| PREPAID FEDERAL & STATE INCOME TAXES | 12000 |
| SECURITY DEPOSITS | 12000 |
| DEPOSIT ON FIXED ASSETS | 17100 |
| DEFERRED TAX ASSET | 32690 |
| DUE FROM MRIS | 1200 |
| DEFERRED COMPENSATION | 100558 |
| LOCKBOX CONVERSION COSTS, NET | 1799632 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1980653 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO VIRGINIA ASSOCIATION OF REALTORS | $1,075,511 |
| DUE TO NATIONAL ASSOCIATION OF REALTORS | $1,009,620 |
| DUE TO POLITICAL ACTION COMMITTEES | $298,061 |
| DEPOSITS PAYABLE | $38,339 |
| ACCRUED POST RETIREMENT BENEFITS | $197,591 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2619122 | TotalOfAmounts |
| Total Revenue | 5568223 | TotalRevenue |
| Total Expenses | 5998198 | TotalExpenses |
| Excess Or Deficit For Year | -429975 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 14854 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 14854 | TotalAdjustments |
| Excess Or Deficit Per FS | -415121 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5842333 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 14854 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 14854 | RevenueNotRptdF990 |
| Revenue Subtotal | 5827479 | RevenueSubtotal |
| Other Revenues Not Included | -259256 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -259256 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5568223 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6257454 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 259256 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 259256 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5998198 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 5998198 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | NVAR FOLLOWS THE FASB ACCOUNTING STANDARDS CODIFICATION, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2010 AND 2009, NVAR HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN NVAR'S FINANCIAL STATEMENTS. ADDITIONALLY, NVAR'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEAR ENDED DECEMBER 31, 2010 OR 2009. GENERALLY, THE TAX YEARS BEFORE 2007 ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAXING AUTHORITIES. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -259,256. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | COST OF GOODS SOLD 259,256. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHERN VIRGINIA TRANSPORTATION EDUCATION FOUNDATION AKA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | AKA N VA TRANSPORTATION ALLIANCE PO | AddressLine1 |
| Address Line2 | BOX 6149 | AddressLine2 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 541417974 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 10000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Purpose Of Grant | GENERAL SUPPORT | PurposeOfGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: DONATIONS ARE GIVEN TO PUBLIC CHARITIES FOR THEIR GENERAL EXPENSES. NO ACCOUNTING IS REQUESTED FOR THE USE OF THE FUNDS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHRISTINE M TODD | |||||||||||||
| 287963 | 0 | 66546 | 0 | 35105 | 0 | 50736 | 0 | 12415 | 0 | 452765 | 0 | 0 | 0 |
| ELIZABETH COYA | |||||||||||||
| 150775 | 0 | 8712 | 0 | 9000 | 0 | 8431 | 0 | 7165 | 0 | 184083 | 0 | 0 | 0 |
| MARGARET MUELLER-TYLER | |||||||||||||
| 154744 | 0 | 12308 | 0 | 7010 | 0 | 9112 | 0 | 10694 | 0 | 193868 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | CHRISTINE M. TODD - IN 2010, A CAR ALLOWANCE OF $16,985 AND A GROSS-UP PAYMENT OF $18,120 (FOR A CASHING OUT OF A 457(B) PLAN) WERE INCLUDED IN HER WAGES AS TAXABLE COMPENSATION. ELIZABETH COYA - IN 2010, A CAR ALLOWANCE OF $8,000 AND HEALTH CLUB DUES OF $1,000 WERE INCLUDED IN HER WAGES AS TAXABLE COMPENSATION. MARGARET MUELLER-TYLER - IN 2010, A CAR ALLOWANCE OF $7,010 WAS INCLUDED IN HER WAGES AS TAXABLE COMPENSATION. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | INDIVIDUALS INTERESTED IN BECOMING A MEMBER NEED TO SUBMIT AN APPLICATION TO THE BOARD OF DIRECTORS OF THE ORGANIZATION. PROVISIONAL MEMBERSHIP IS PROVIDED IF: 1.) ALL DUES AND APPLICATION FEES HAVE BEEN REMITTED; 2.) THE REALTOR MEMBER VERIFIES THEY ARE ACTIVELY ENGAGED IN THE REAL ESTATE PROFESSION; 3.) THE MEMBER MAINTAINS A CURRENT, VALID REAL ESTATE LICENSE; 4.) THERE IS NO RECORD OF RECENT/PENDING BANKRUPTCY (WITHIN THE LAST THREE YEARS); 5.) THERE IS NO RECORD OF OFFICIAL SANCTIONS INVOLVING UNPROFESSIONAL CONDUCT; AND 6.) THE MEMBER AGREES TO COMPLETE A COURSE OF INSTRUCTION COVERING THE BYLAWS AND RULES OF THE ASSOCIATION AS WELL AS THE STATE AND NATIONAL REALTOR ASSOCIATIONS. FULL MEMBERSHIP IS NOT GRANTED UNTIL THE APPLICATION IS APPROVED BY THE BOARD OF DIRECTORS AT A SCHEDULED BOARD OF DIRECTORS MEETING. RIGHTS OF REALTOR MEMBERS INCLUDE: 1.) THE RIGHT TO VOTE AND HOLD ELECTED OFFICE WITHIN THE ASSOCIATION 2.) PAY MEMBER RATES FOR ASSOCIATION SERVICES (LOCKBOX SERVICE, REALTOR STORE, AND EDUCATION OFFERINGS AND EVENTS) 3.) SERVE ON COMMITTEES THE OTHER CLASSES OF MEMBERS ARE: AFFILIATE MEMBERS INSTITUTE AFFILIATE MEMBERS PUBLIC SERVICE MEMBERS HONORARY MEMBERS STUDENT MEMBERS THESE OTHER CLASSES OF MEMBERSHIP HAVE ALL RIGHTS OF REALTOR MEMBERS EXCEPT THE RIGHT TO VOTE AND HOLD ELECTED OFFICE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS HAS ANNUAL ELECTIONS FOR OPEN POSITIONS ON THE BOARD OF DIRECTORS. ALL REALTOR MEMBERS, INCLUDING HONORARY MEMBERS, IN GOOD STANDING ARE ALLOWED TO VOTE. THESE ARE TWO-YEAR BOARD POSITIONS. THE CHAIRPERSON-ELECT NOMINATES ANNUALLY THREE (3) REALTORS TO SERVE ON THE BOARD OF DIRECTORS. THESE NOMINATIONS ARE VOTED ON BY THE BOARD OF DIRECTORS. IF APPROVED, THESE REALTORS SERVE A ONE-YEAR TERM. OFFICERS OF THE ASSOCIATION (CHAIRPERSON, CHAIRPERSON-ELECT, AND SECRETARY/TREASURER) ARE NOMINATED BY MEMBERS OF THE BOARD OF DIRECTORS AND ARE ELECTED BY THE BOARD OF DIRECTORS. AN OFFICER OF THE ASSOCIATION NEEDS TO BE A CURRENT MEMBER OF THE BOARD OF DIRECTORS. ALL OTHER CLASSES OF MEMBERS (AFFILIATES, INSTITUTE AFFILIATES, PUBLIC SERVICE MEMBERS, AND STUDENT MEMBERS) DO NOT HAVE VOTING PRIVILEGES. | |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS TO THE BY-LAWS OF THE ASSOCIATION ARE SUBJECT TO APPROVAL BY MEMBERS OF THE ASSOCIATION. ONLY REALTOR MEMBERS IN GOOD STANDING HAVE VOTING RIGHTS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED, PRIOR TO FILING, WITH THE BOARD OF DIRECTORS. THE REVIEW WAS CONDUCTED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER DURING A REGULAR SCHEDULED BOARD MEETING. IN ADDITION, THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER REVIEWED THE FORM WITH THE OFFICERS OF THE ASSOCIATION (CHAIRPERSON, CHAIRPERSON-ELECT, SECRETARY/TREASURER, AND PAST CHAIRPERSON) IN A SEPARATE MEETING. | |
| THE BOARD OF DIRECTORS, ANY MEMBER OF A STANDING COMMITTEE OR AD HOC COMMITTEE OR TASK FORCE APPOINTED BY THE BOARD OR CHAIRPERSON HAS TO SIGN A "CONFLICT OF INTEREST POLICY" AT THE BEGINNING OF THEIR SERVICE YEAR. THE POLICY DEFINES CONFLICTS AND IMPOSES AN ONGOING DUTY TO THESE MEMBERS TO DISCLOSE ANY INTERESTS THEY MAY HAVE AT THE OUTSET OF A DISCUSSION. SUCH MEMBERS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THE BUSINESS AND MAY NOT VOTE ON ANY MATTER IN WHICH ANY MEMBER HAS A CONFLICT OF INTEREST. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER (CEO) IS SET BY THE BOARD OF DIRECTORS. THE OFFICERS OF THE ASSOCIATION (CHAIRPERSON, CHAIRPERSON-ELECT, SECRETARY-TREASURER AND IMMEDIATE PAST CHAIRPERSON) MEET AND NEGOTIATE THE SALARY AND BENEFITS THAT ARE THEN INCLUDED IN THE CEO'S EMPLOYMENT CONTRACT. THE FULL BOARD APPROVES THE EMPLOYMENT CONTRACT. FACTORS USED TO DETERMINE THE COMPENSATION INCLUDE: 1.) A REVIEW OF THE CEO'S ABILITY TO MEET GOALS AND EXPECTATIONS ESTABLISHED BY THE BOARD; AND 2.) A REVIEW OF GUIDELINES ESTABLISHED FOR ASSOCIATIONS BASED ON GEOGRAPHIC LOCATION, SIZE, AND SCOPE OF ACTIVITIES OF THE ASSOCIATION. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CEO IN DECEMBER 2009. KEY EMPLOYEE'S COMPENSATION IS APPROVED BY THE CHIEF EXECUTIVE OFFICER BASED ON GUIDELINES ESTABLISHED BY THE BOARD DURING THE ANNUAL BUDGET PROCESS. KEY EMPLOYEES COMPENSATION IS REVIEWED ANNUALLY. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE FORMS ARE MADE AVAILABLE FOR REVIEW EITHER BY REQUESTING A COPY OR REVIEWING IN OUR OFFICE. | FORM 990, PART VI, SECTION C, LINE 18 | |
| FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS (I.E. BYLAWS) ARE AVAILABLE FOR REVIEW EITHER BY REQUESTING A COPY OR REVIEWING IN OUR OFFICE. CURRENTLY, THE CONFLICT OF INTEREST POLICY IS NOT OPEN FOR INSPECTION. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 14,854. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XI, LINE 2C: |