Richmond Association Of Realtors Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 540357560 ✦ Richmond, VA ✦ Designated as a 501(c)(6)

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Overview

What is Richmond Association Of Realtors Inc?

The Richmond Association of Realtors Inc, headquartered at 8975 Three Chopt Road, Richmond, Virginia, is a nonprofit organization with a primary focus on uniting and fostering the development of the real estate profession. They accomplish this by organizing membership meetings and events to discuss relevant issues and topics. Their mission is to promote and educate realtors, ensuring the growth and advancement of the industry as a whole. With a team of 47 dedicated professionals, they offer a platform for members and others associated with the real estate community to engage in meaningful discussions and collaborations.

Is Richmond Association Of Realtors Inc legitimate?

Richmond Association Of Realtors Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Richmond Association Of Realtors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $493,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,895,668

For more financial information, click here

What is the mission statement of Richmond Association Of Realtors Inc?

The Richmond Association of Realtors Inc. is committed to bringing together and fostering the growth of realtors and the real estate profession. Their mission is twofold: to promote the real estate sector and to educate its professionals. This is accomplished through organizing meetings and events where relevant topics are discussed, providing a platform for individuals in the real estate community to engage and share insights.

Who is the CEO of Richmond Association Of Realtors Inc?

Laura Lafayette is the President of Richmond Association Of Realtors Inc. The CEO's salary of Richmond Association Of Realtors Inc is $330,361 and their total compensation is $346,258.

What is the revenue of Richmond Association Of Realtors Inc?

Richmond Association Of Realtors Inc's revenue in 2022 was $4,565,704.

Who are the executives of Richmond Association Of Realtors Inc and what are their salaries?

The average compensation at Richmond Association Of Realtors Inc during 2022 was $50,832. There are 47 employees and 245 volunteers at Richmond Association Of Realtors Inc.


Here are 24 key members and their salaries (Richmond Association Of Realtors Inc's CEO's salary is $330,361 and their total compensation is $346,258):


Dare Tulloch (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Krupp (President-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Dorsey (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Libby Gatewood (Immediate Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gail Ailor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rhonda Carroll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenni Comer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blake Eudailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Finn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Forcier-Rowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dakia Knight (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Mcclaine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Noonan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Rawles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Vandersyde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Weis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Lafayette (Chief Executive Officer)
  • Compensation: $330,361
  • Related: $0
  • Other: $15,897
Margaret Lynch (Vp, Risk Mgmt & Broker Ser)
  • Compensation: $133,302
  • Related: $0
  • Other: $13,871
Erika Almstead (Vp, Mls & Member Services)
  • Compensation: $110,093
  • Related: $0
  • Other: $13,776
Mark Luck (Vp, Information Technology)
  • Compensation: $142,821
  • Related: $0
  • Other: $19,343
Douglas Pullan (Vp, Finance)
  • Compensation: $136,070
  • Related: $0
  • Other: $13,971
Kelsey Croston (Vp, Programs & Communicati)
  • Compensation: $115,168
  • Related: $0
  • Other: $19,414
Joh Gehlbach (Vp, Government Affairs)
  • Compensation: $106,787
  • Related: $0
  • Other: $13,149
Where can I find the form 990 for Richmond Association Of Realtors Inc?

Richmond Association Of Realtors Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Richmond Association Of Realtors Inc

The Richmond Association of Realtors Inc is dedicated to bringing together and fostering the growth of realtors and the real estate profession as a whole. Their primary objective is to promote and educate professionals within this field. They achieve this through organized meetings and events, providing a platform for members and associated individuals to engage in discussions about pressing issues and topics relevant to the real estate sector. By uniting and educating its members, the Richmond Association of Realtors Inc plays a significant role in strengthening the real estate profession, ultimately benefiting the broader community.

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Impact




October, 2024

The Richmond Association of Realtors Inc plays a vital role in the real estate community by fostering collaboration, professional development, and education among realtors. Through various membership meetings and programs, the organization addresses important issues and topics that affect real estate professionals in the Richmond area. By uniting members and promoting best practices, it enhances the overall professionalism and effectiveness of realtors, ultimately benefiting homebuyers, sellers, and the broader community. Their commitment to community improvement further underscores their impact, as they work to elevate standards in the real estate market while supporting local initiatives.




This information is meant to be a general summary of Richmond Association Of Realtors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,565,704 (2022)
Expenses
$4,493,318 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $597,522
  • Program Service Revenue: $2,282,486
  • Gross Receipts: $5,638,542

Assets and Liabilities:

  • Total Assets: $29,365,494
  • Total Liabilities: $2,841,016
  • Net Assets: $26,524,478

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership dues

Revenue

$1,207,750

Education

Revenue

$452,035

Application fees

Revenue

$301,200

Membership meeting

Revenue

$247,769

Transfer fees

Revenue

$53,520

Organization Details

Founding Year

1874

Principal Officer

Laura Lafayette

Main Address

8975 Three Chopt Road, Richmond, VA, 23229

NTEE Category

Code: S47 - Community improvement

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