2024-10-18T10:00:17-05:00 2023-12-31 341310124 REA & ASSOCIATES INC 905 ZANE STREET 2ND FLOOR ZANESVILLE OH 43701 990 2023-01-01 314154020 COLUMBUS ASSOCIATION OF REALTORS COLU 6144754000 2700 AIRPORT DRIVE COLUMBUS OH 43219 BRENT SWANDER CEO 6144754000 2024-10-16 1 1 M KATHERINE BROWN CPA P01439473 7404543198 2024-10-16 2023 2024-10-15 13:58:12Z BRENT SWANDER 2700 AIRPORT DRIVE COLUMBUS OH 43219 4581238 0 X WWW.COLUMBUSREALTORS.COM X 1908 OH SEE SCHEDULE O 26 26 24 870 282108 5101 10904 9497 3040274 2874524 7893 110364 432963 376325 3492034 3370710 73000 63000 0 0 1321803 1335094 0 0 0 2080895 1534048 3475698 2932142 16336 438568 9407873 10080357 2015447 1719933 7392426 8360424 X SEE SCHEDULE O 0 0 2932142 63000 2905754 PROFESSIONAL DEVELOPMENT/EDUCATION - A FULL SERVICE ASSOCIATION, THE COLUMBUS ASSOCIATION OF REALTORS OFFERS REALTORS A WIDE VARIETY OF CONTINUING EDUCATION COURSES, BOTH RESIDENTIAL AND COMMERCIAL, COMPUTER TRAINING CLASSES ON TOPICS INCLUDING THE MLS SOFTWARE, COLUMBUS ASSOCIATION OF REALTORS FLEX/MLS, AS WELL AS SEMINARS, LECTURES AND ROUNDTABLE PROGRAMS. COMMITTEES & EVENTS - REALTORS ARE INVITED TO PARTICIPATE IN THE MORE THAN 30 COMMITTEES AT THE ASSOCIATION OR ONE OF THE MANY SPECIAL PROGRAMS PRODUCED BY THE COLUMBUS ASSOCIATION OF REALTORS, SUCH AS FORECAST NIGHT (JANUARY), AWARDS NIGHT (APRIL), OR THE COLUMBUS ASSOCIATION OF REALTORS PRESIDENT'S BALL (DECEMBER). SUPPORT SERVICES & BENEFITS - PROVIDE ACCESS TO PROGRAMS AND SERVICES REAL ESTATE PROFESSIONALS NEED TO SUCCEED AND TO RECOGNIZE CENTRAL OHIO REAL ESTATE PROFESSIONALS FOR A NUMBER OF NOTEWORTHY ACTIVITIES INCLUDING INDUSTRY AS WELL AS COMMUNITY INVOLVEMENT. 2932142 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 24 1 1 1 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 X BRENT SWANDER 6144754000 2700 AIRPORT DRIVE COLUMBUS OH 43219 PATTI-BROWN WRIGHT IMMEDIATE PAST PRESIDENT 15.00 X X 0 0 0 SCOTT HRABCAK PRESIDENT 25.00 X X 0 0 0 BUFFIE PATTERSON PRESIDENT ELECT 15.00 X X 0 0 0 SUE BERG DIRECTOR 4.00 X 0 0 0 GLORIA CANNON TREASURER 15.00 X 0 0 0 ELTON DAVIS JR DIRECTOR 4.00 X 0 0 0 BRITTANY EDDY DIRECTOR 4.00 X 0 0 0 ERIN OGDEN OXENDER DIRECTOR 4.00 X 0 0 0 SHAUN SIMPSON DIRECTOR 4.00 X 0 0 0 JAY ZOLLARS DIRECTOR 4.00 X 0 0 0 JEREMY PAPE SECRETARY 15.00 X X 0 0 0 KATIE CROCCO DIRECTOR 4.00 X 0 0 0 TROY FABISH DIRECTOR 4.00 X 0 0 0 RODELYN FRIJAS DIRECTOR 4.00 X 0 0 0 KEVIN HART DIRECTOR 4.00 X 0 0 0 JAIMINE JOHNSON DIRECTOR 4.00 X 0 0 0 QIANA JONES DIRECTOR 4.00 X 0 0 0 MIKE MCCOY DIRECTOR 4.00 X 0 0 0 AMY NITZSCHKE DIRECTOR 4.00 X 0 0 0 SHARYN RIGSBEE DIRECTOR 4.00 X 0 0 0 KRISTIN ROSAN DIRECTOR 4.00 X 0 0 0 IAN THICKSTUN DIRECTOR 4.00 X 0 0 0 JOSH UMINSKI DIRECTOR 4.00 X 0 0 0 BRENT SWANDER CEO 50.00 X 128829 0 0 128829 0 0 1 0 0 0 0 9497 9497 MEMBERSHIP DUES & FEES 900099 2575873 2575873 PRESIDENT'S BALL 900099 88873 88873 OTHER EXEMPT FUNCTION 900099 70344 70344 SUBSCRIPTION INCOME 900099 48668 48668 CONTINUING EDUCATION 900099 42179 42179 48587 48587 2874524 126124 126124 62987 62987 187025 191948 -4923 -4923 -4923 878730 894490 -15760 -15760 -15760 155320 124090 31230 31230 MEMBER SERVICE CENTER 561439 234920 234920 ADVERTISING 900004 52111 52111 287031 3370710 2905754 282108 173351 63000 128829 874319 35046 217053 79847 56198 37213 20249 103556 64996 167535 49440 291840 138584 4738 PUBLIC RELATIONS 126427 PRESIDENT'S BALL EXPENS 121340 BANK SERVICE CHARGES 106290 DUES AND SUBSCRIPTIONS 78609 167033 2932142 X 1199 1200 2768568 2894644 28568 7233 30866 48872 80238 138487 3898671 2469177 1480504 1429494 2520192 2726778 2497738 2833649 9407873 10080357 114691 156588 1900756 1563345 2015447 1719933 X 7386968 8358448 5458 1976 7392426 8360424 9407873 10080357 X 438568 193519 335911 X X 0 1 X 1 0 5458 10547 14029 1976 7593 12655 14790 5458 9320 6936 8663 7593 10506 1117 2303 9320 12845 18010 20349 10506 1.00000 1 0 116537 116537 2711886 1747435 964451 244310 177171 67139 825938 544571 281367 1429494 2833649 C 2833649 X 3756177 193519 191948 385467 3370710 0 3370710 3107884 367690 367690 2740194 191948 191948 2932142 PART V, LINE 4: COLUMBUS ASSOCIATION OF REALTORS IS A DONOR TO AN ENDOWMENT FUND, WHICH IS HELD BY AND REPORTED AS AN ASSET OF THE COLUMBUS FOUNDATION AND THEREFORE IS NOT REPORTED BY THE ORGANIZATION ON THE STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION IS UNABLE TO RECEIVE FUNDS FROM THE ENDOWMENT FUND; HOWEVER, THEY ARE ABLE TO HELP DIRECT THE USES OF THE FUND THROUGH THE COLUMBUS ASSOCIATION OF REALTORS FOUNDATION ADVISORY BOARD. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE ORGANIZATION HAD NOT RECOGNIZED INCOME FROM THE ENDOWMENT. THE VALUE OF THE FUND WAS $143,338 AND $125,670 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE ORGANIZATION HAS SIX SEPARATE FUNDS FOR SIX DISTINCT PURPOSES. THESE FUNDS INCLUDE THE AFFORDABLE HOUSING FUND, THE BUILDER REALTOR FUND, THE POST LICENSE GRANT FUND, THE YOUNG PROFESSIONALS NETWORK FUND, COMMERCIAL INVESTMENT DIVISION AND NATIONAL ASSOCIATION OF REALTORS FORECLOSURE FUND. AFFORDABLE HOUSING FUND - THE PRIMARY PURPOSE OF THE AFFORDABLE HOUSING FUND WAS TO PAY FOR THE SUPERSUNDAY AFFORDABLE HOUSING OPEN HOUSE EVENT. THIS EVENT IS HELD SEMIANNUALLY AND IS FUNDED THROUGH PARTICIPANT FEES AND CONTRIBUTIONS FROM LENDERS. BUILDER REALTOR FUND - THE PRIMARY PURPOSE OF THE BUILDER REALTOR FUND IS TO PROVIDE SCHOLARSHIPS FOR STUDENTS WHO ARE PURSUING A REAL-ESTATE EDUCATION DEGREE. THE SCHOLARSHIPS ARE GENERALLY IN THE AMOUNT OF $500. THE FUND RECEIVES MONIES FROM FEES GENERATED BY BUS TOURS OF NEW BUILD DEVELOPMENTS, WHICH ARE CONDUCTED SEMIANNUALLY, AND FROM THE BUILDERS' PREVIEW SHOW, HELD EACH JANUARY. POST LICENSE GRANT FUND - THE PRIMARY PURPOSE OF THE POST LICENSE GRANT FUND IS TO PROVIDE MULTICULTURAL, POST-LICENSING ASSISTANCE TO NEW REALTORS. THESE GRANTS ARE $500 TO HELP WITH START-UP COSTS AND ARE AWARDED SEMIANNUALLY. YOUNG PROFESSIONALS NETWORK-FUNDS ARE USED TO SPONSOR EVENTS OF THE YOUNG PROFESSIONALS NETWORK FOR REALTORS. COMMERCIAL DIVISION-THIS FUND IS USED TO SPONSOR AN AWARDS CEREMONY TO RECOGNIZE OUTSTANDING REAL ESTATE PROFESSIONALS IN THE REGION. NATIONAL ASSOCIATION OF REALTORS FORCLOSURE FUND-THIS IS A GRANT FROM THE NATIONAL ASSOCIATION OF REALTORS IN CONNECTION WITH THEIR FORECLOSURE PREVENTION AND RESPONSE PROGRAM. THIS PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES AND RESOURCES AND BEST PRACTICES RELATED TO FORECLOSURE PREVENTION AND RESPONSE. PART X, LINE 2: FIN 48 FOOTNOTE: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRED THE ORGANIZATION TO EVALUATE THE LEVEL OF UNCERTAINTY RELATED TO WHETHER TAX POSITIONS TAKEN WILL BE SUSTAINED UPON EXAMINATION. ANY POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD MUST BE QUANTIFIED AND RECORDED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENT OF INCOME. THE ORGANIZATION BELIEVES THAT NONE OF THE TAX POSITIONS TAKEN WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS AND NO SUCH LIABILITIES HAVE BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT 191,948. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT IN SUBS 367,690. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENT 191,948. 1 COLUMBUS REALTOR FOUNDATION 2700 AIRPORT DRIVE COLUMBUS OH 43215 464401521 501(C)(3) 15000 0 CHARITABLE COMMUNITY IMPROVEMENTS ONE COLUMBUS 150 S FRONT STREET SUITE 200 COLUMBUS OH 43215 314152950 501(C)(6) 20000 0 BRINGING BUSINESS TO THE COLUMBUS REGION HOMEPORT 3443 AGLER ROAD COLUMBUS OH 43219 311208260 501(C)(3) 28000 0 PROVIDE AFFORDABLE HOMES AND STRONG COMMUNITIES 2 1 PART I, LINE 2: THE COLUMBUS ASSOCIATION OF REALTORS MAKES CONTRIBUTIONS TO OTHER NON-PROFIT ORGANIZATIONS WITH PURPOSES SIMILAR TO THE COLUMBUS ASSOCIATION OF REALTORS TO FURTHER THE EXEMPT PURPOSE OF THE COLUMBUS ASSOCIATION OF REALTORS. X X 1 1 X X X 0 0 0 PART I, LINE 1A UNDER CERTAIN CIRCUMSTANCES, THE COLUMBUS ASSOCIATION OF REALTORS REIMBURSES TRAVEL EXPENSES FOR THE SPOUSES OF THE PRESIDENT, PRESIDENT ELECT, AND THE CHIEF EXECUTIVE OFFICER. NO AMOUNT IS INCLUDED IN WAGES WHERE TRAVEL REIMBURSEMENTS ARE FOR SPOUSES HAVING A BUSINESS PURPOSES IN CONNECTION WITH THE TRAVEL. THE BOARD OF DIRECTORS OF THE COLUMBUS ASSOCIATION OF REALTORS APPROVED MEMBERSHIP DUES TO THE ATHLETIC CLUB OF COLUMBUS FOR THE CEO. THIS MEMBERSHIP IS USED FOR BUSINESS PURPOSES, INCLUDING BOARD MEETINGS AND ENTERTAINING INDIVIDUALS WITH WHICH THE ORGANIZATION HAS A BUSINESS PURPOSE. TO THE EXTENT THAT A MEMBERSHIP IS USED FOR PERSONAL PURPOSES, THE RESPECTIVE EMPLOYEE IS REQUIRED TO REIMBURSE THE ORGANIZATION FOR ANY PERSONAL USE OF THE CLUB MEMBERSHIP. PART I, LINE 1 TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE COLUMBUS ASSOCIATION OF REALTORS IS A LOCAL LEVEL, NOT-FOR-PROFIT TRADE ASSOCIATION. FOUNDED IN 1908, COLUMBUS ASSOCIATION OF REALTORS IS COMPRISED OF MORE THAN 9,100 REAL ESTATE PROFESSIONALS ENGAGED IN RESIDENTIAL SALES AND LEASING, COMMERCIAL SALES AND LEASING, PROPERTY MANAGEMENT, APPRAISAL, CONSULTATION, REAL ESTATE SYNDICATION, AND LAND DEVELOPMENT. THE TERRITORIAL JURISDICTION OF CAR AS A MEMBER OF THE NATIONAL ASSOCIATION OF REALTORS IS FAYETTE, FRANKLIN, MADISON, MORROW, PICKAWAY AND UNION COUNTIES IN OHIO. COLUMBUS ASSOCIATION OF REALTORS PROVIDES LEADERSHIP FOR THE REALTOR COMMUNITY BY PROTECTING THE INTERESTS OF ITS MEMBERS, PROMOTING THEIR VALUE TO THE REAL ESTATE CONSUMER, SETTING HIGH STANDARDS FOR PROFESSIONAL PRACTICE, AND ADVOCATING PRIVATE PROPERTY RIGHTS. ITS MISSION IS ACCOMPLISHED THROUGH THE ENFORCEMENT OF THE CODE OF ETHICS, COMMITTEE AND GENERAL MEMBERSHIP MEETINGS, A BI-MONTHLY MAGAZINE PROVIDED TO THE MEMBERS, OTHER COMMUNICATIONS, AND EDUCATION SEMINARS. FORM 990, PART VI, SECTION A, LINE 6 THE COLUMBUS ASSOCIATION OF REALTORS OFFERS TWO CLASSES OF MEMBERSHIP, REALTOR MEMBERSHIP AND AFFILIATE/SUSTAINING MEMBERSHIP. THERE ARE FOUR TYPES OF REALTOR MEMBERSHIPS, INCLUDING DESIGNATED REALTOR, REALTOR, REALTOR APPRAISER, AND INSTITUTE AFFILIATE. THE REALTOR MEMBERSHIP IS LIMITED TO INDIVIDUALS WHO HAVE A REAL ESTATE LICENSE OR APPRAISER LICENSES. THERE ARE THREE TYPES OF AFFILIATE/SUSTAINING MEMBERSHIPS, INCLUDING CORPORATE AFFILIATE, INDIVIDUAL AFFILIATE, AND SUSTAINING. THE AFFILIATE/SUSTAINING MEMBERSHIP IS AVAILABLE TO INDIVIDUALS WHO DO NOT HAVE A REAL ESTATE OR APPRAISER LICENSES BUT HAVE AN INTEREST IN THE REAL ESTATE INDUSTRY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE ONLY ACTION OR DECISION OF THE BOARD OF DIRECTORS THAT REQUIRES APPROVAL BY THE GENERAL MEMBERSHIP IS THE DECISION TO CEASE MEMBERSHIP IN THE OHIO ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. PRIOR TO BEING FILED, THE FORM 990 IS REVIEWED BY THE CEO AND THE BUDGET, FINANCE & INVESTMENT COMMITTEE. THE BUDGET, FINANCE & INVESTMENT COMMITTEE IS COMPRISED OF THE OFFICERS, SOME MEMBERS OF THE BOARD OF DIRECTORS, AND ADDITIONAL MEMBERS-AT-LARGE OF THE ASSOCIATION. A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT AFFIRMING THAT SUCH PERSON HAS: RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; READ AND UNDERSTANDS THE POLICY; AGREED TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE COLUMBUS ASSOCIATION OF REALTORS IS A NOT-FOR-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO STARTS WITH THE SELECTION OF THE CEO EVALUATION COMMITTEE, APPOINTED BY THE PRESIDENT AND CONSISTING OF THE FOLLOWING: PRESIDENT, PRESIDENT-ELECT, TREASURER, SECRETARY, 3 DIRECTORS, 2 IMMEDIATE PAST PRESIDENTS, STEERING COMMITTEE CHAIRMAN, AND 1 ELECTED DIRECTOR. THIS CEO EVALUATION COMMITTEE THEN COMPLETES EVALUATION FORMS CONCERNING THE CEO. THE CEO ALSO COMPLETES A SELF-ASSESSMENT FORM. THE COMMITTEE MEMBERS THEN REVIEW AND DISCUSS THE CEO'S PERFORMANCE BASED ON PERSONAL KNOWLEDGE AND THE COMPLETED EVALUATIONS. THE COMMITTEE THEN CREATES AN OVERALL EVALUATION AND PREPARES A RECOMMENDATION REGARDING ANY COMPENSATION ADJUSTMENT TO BE GIVEN TO THE CEO. ANY SUGGESTED COMPENSATION INCREASE IS SUBJECT TO THE APPROVAL OF THE OFFICERS OF THE COLUMBUS ASSOCIATION OF REALTORS AND FINALLY THE BOARD OF DIRECTORS AS A WHOLE. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION THAT RECEIVE COMPENSATION. AS SUCH, QUESTION 15B ON PAGE 6 OF THE FORM 990 HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION C, LINE 19 THE COLUMBUS ASSOCIATION OF REALTORS MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: SUBSIDIARY INVESTMENT LOSS 335,911. FORM 990, PART XI, LINE 2C THE BUDGET, FINANCE & INVESTMENT COMMITTEE SERVES AS THE AUDIT COMMITTEE FOR THE BOARD OF DIRECTORS. THE BUDGET, FINANCE & INVESTMENT COMMITTEE RECEIVES AND REVIEWS THE AUDITED FINANCIAL STATEMENTS BEFORE THEY ARE OFFICIALLY RECEIVED FOR APPROVAL BY THE BOARD OF DIRECTORS. THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED DURING THE TAX YEAR. SCHEDULE R, PART V, LINE 2(2) THE COLUMBUS ASSOCIATION OF REALTORS, INC. AND THE MULTIPLE LISTING SERVICES OF THE COLUMBUS BOARD OF REALTORS, INC. SHARE PAID EMPLOYEES. BOTH THE COLUMBUS ASSOCIATION OF REALTORS, INC. AND THE MULTIPLE LISTING SERVICES OF COLUMBUS BOARD OF REALTORS, INC. SEPARATELY PAY FOR THE FAIR MARKET VALUE OF THE SERVICES PROVIDED BY THE EMPLOYEES. CENTRAL OHIO REALTORS POLITICAL ACTION COMMITTEE 2700 AIRPORT DRIVE COLUMBUS OH 43219 311721082 LOCAL POLITICAL ACTION COMMITTEE OH 527 N/A N/A 0 MULTIPLE LISTING SERVICE OF THE COLUMBUS BOARD OF REALTORS INC 2700 AIRPORT DRIVE COLUMBUS OH 43219 310809177 LISTING SERVICE OH COLUMBUS ASSOCIATION OF REALTORS C 1.00000 0 REAL ESTATE WEEKLY INC 2700 AIRPORT DRIVE COLUMBUS OH 43219 311427462 FREE WEEKLY NEWSPAPER OH COLUMBUS ASSOCIATION OF REALTORS C 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 MULTIPLE LISTING SERVICES OF THE COLUMBUS BOARD OF REALTORS A 185000 FMV MULTIPLE LISTING SERVICES OF THE COLUMBUS BOARD OF REALTORS B 25000 FMV