Overview
What is Virginia Association Of Realtors?
The Virginia Association of Realtors is a nonprofit organization situated in Glen Allen, Virginia. Its primary mission is to support and empower real estate professionals, advocating for their career success while adhering to ethical and professional standards. The association fosters unity among its members, aiming to exert collective influence on issues affecting the real estate industry. It provides relevant education and programs, sponsors annual events, and develops industry-specific forms that comply with Virginia law. Moreover, the association serves as a liaison between Virginia Realtors and the state government, advocating on behalf of its membership to protect private property rights and promote the industry's common interests. With a dedicated team of 44 employees, the Virginia Association of Realtors strives to elevate the standards of the real estate sector throughout the state.
Official website here: www.varealtor.com
Is Virginia Association Of Realtors legitimate?
Virginia Association Of Realtors is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Association Of Realtors 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: $913,239
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,470,481
For more financial information, click here
Official website here: www.varealtor.com
What is the mission statement of Virginia Association Of Realtors?
The Virginia Association of Realtors, being a non-profit organization, aims to enhance the career success of its members in the real estate industry in an ethical and professional manner. It unites its membership to exert combined influence on matters affecting the sector and elevates industry standards across the state. Furthermore, the association promotes professional and ethical conduct among individuals engaged in the real estate industry and advocates for the common business interests of the industry. In pursuit of these objectives, the association provides industry-specific education and programs, sponsors annual conventions, develops and updates forms reflecting Virginia law, and serves as a liaison between Virginia Realtors and state government.
Official website here: www.varealtor.com
Who is the CEO of Virginia Association Of Realtors?
Martin Johnson is the CEO of Virginia Association Of Realtors The CEO's salary of Virginia Association Of Realtors is $341,700 and their total compensation is $358,959.
Official website here: www.varealtor.com
What is the revenue of Virginia Association Of Realtors?
Virginia Association Of Realtors's revenue in 2024 was $9,660,304.
Official website here: www.varealtor.com
Who are the executives of Virginia Association Of Realtors and what are their salaries?
The average compensation at Virginia Association Of Realtors during 2024 was $134,593. There are 40 employees and 38 volunteers at Virginia Association Of Realtors.
Here are 45 key members and their salaries (Virginia Association Of Realtors's CEO's salary is $341,700 and their total compensation is $358,959):
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Official website here: www.varealtor.com
Where can I find the form 990 for Virginia Association Of Realtors?
Virginia Association Of Realtors's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.varealtor.com
Learn more at the official website: www.varealtor.com
Mission Statement of Virginia Association Of Realtors
The Virginia Association of Realtors, a non-profit corporation, was established with a primary objective of supporting its members in achieving professional success within the real estate industry. Its mission is multifaceted, aiming to unite its membership and collectively impact matters affecting the real estate sector. This organization strives to elevate industry standards across the state, promoting ethical and professional conduct among its members. In addition, the Virginia Association of Realtors seeks to safeguard private property rights and advocate for the common business interests within the real estate industry.
To accomplish these objectives, the association provides education and industry-specific programs, hosting annual conventions and updating forms to reflect Virginia law. Furthermore, the Virginia Association of Realtors serves as a liaison between real estate professionals and state government, acting as a bridge to address industry-related concerns and legislative matters. By fostering a collaborative environment, this organization aims to empower its members and contribute to the overall growth and success of the real estate industry in Virginia.
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Impact
October, 2024
The Virginia Association of Realtors (VAR) significantly enhances the real estate industry by equipping its members with essential education and tools, thereby fostering career success for realtors in an ethical and professional manner. Through ongoing advocacy, VAR serves as a critical liaison between realtors and state government, championing the interests of its membership and promoting private property rights.
By organizing multiple events throughout the year, VAR creates opportunities for networking and professional development, while also uniting its members to collectively influence policies affecting the real estate landscape. The association elevates industry standards, ensuring that realtors adhere to high levels of professional and ethical conduct. Through the development and updating of forms that align with Virginia law, VAR ensures compliance and supports its members in navigating legal requirements.
Overall, the Virginia Association of Realtors plays a pivotal role in not only enhancing individual career success but also in promoting the common business interests of the real estate industry, thereby contributing to the community’s growth and improvement.
This information is meant to be a general summary of Virginia Association Of Realtors. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $617,041
- Program Service Revenue: $8,317,966
- Gross Receipts: $14,002,716
Assets and Liabilities:
- Total Assets: $23,514,556
- Total Liabilities: $5,760,641
- Net Assets: $17,753,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$7,714,520
CONFERENCES/CONVENTIONS
Revenue
$421,277
ADMINISTRATIVE FEES
Revenue
$100,000
COURSE FEES
Revenue
$82,169
Organization Details
Founding Year
1920
Principal Officer
Rick Lugg
Website
www.varealtor.comNTEE Category
Code: S47 - Community improvement
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