2025-04-01T08:11:59-05:00 2024-12-31 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2024-01-01 141468905 GREATER CAPITAL ASSOCIATION OF REALTORS INC GREA 5184640191 449 NEW KARNER ROAD ALBANY NY 12205 LAURA J BURNS CEO 5184640191 2025-05-15 1 0 JEREMY COLE P00436330 5184596700 2025-03-18 2024 2025-03-06 01:10:19Z LAURA J BURNS 449 NEW KARNER ROAD ALBANY NY 12205 2694376 0 X WWW.GCAR.COM X 1924 NY THE GREATER CAPITAL ASSOCIATION OF REALTORS IS A PROFESSIONAL TRADE ASSOCIATION WHICH PROVIDES ITS MEMBERS WITH VALUE THROUGH PROGRAMS AND SERVICES, THE PROMOTION OF COOPERATION AND ETHICS AMONG ITS MEMBERS, AND SUPPORT OF THE COMMUNITY THROUGH CHARITABLE ACTIVITIES AND THE CHAMPIONING OF PRIVATE PROPERTY RIGHTS. 11 11 18 61 -45742 0 0 0 1270465 1246350 62514 75686 1141430 1353430 2474409 2675466 0 0 0 0 1262565 1329554 0 0 0 598233 618812 1860798 1948366 613611 727100 5700159 6494217 802775 869733 4897384 5624484 X THE GREATER CAPITAL ASSOCIATION OF REALTORS IS A PROFESSIONAL TRADE ASSOCIATION WHICH PROVIDES ITS MEMBERS WITH VALUE THROUGH PROGRAMS AND SERVICES, THE PROMOTION OF COOPERATION AND ETHICS AMONG ITS MEMBERS, AND SUPPORT OF THE COMMUNITY THROUGH CHARITABLE ACTIVITIES AND THE CHAMPIONING OF PRIVATE PROPERTY RIGHTS. 0 0 ASSOCIATION TRANSMITTALS. THE ASSOCIATION ACTS AS A CONDUIT FOR THE COLLECTION AND REMITTANCE OF MEMBERSHIP TRANSMITTAL BENEFITS SUCH AS HEALTH INSURANCE AND DUES. OTHER SALARIES AND WAGES. ASSOCIATION EMPLOYEES REGULARLY MEET WITH IT'S MEMBERS TO DISCUSS REAL ESTATE BUSINESS ISSUES. MEMBER SERVICES & EDUCATION. THE ASSOCIATION, AS PART OF IT'S ON GOING MISSION TO REGULARLY UPDATE IT'S MEMBERS IN THE REAL ESTATE PROFESSION, PROVIDES CURRENT TOPIC EDUCATIONAL SEMINARS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 22 0 1 18 1 1 1 0 0 0 1 1 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAURA J BURNS 5184640191 449 NEW KARNER ROAD ALBANY NY 12205 DANIEL SHEPARD DIRECTOR 0.50 X 0 0 0 SUZANNE PREZIO DIRECTOR 0.50 X 0 0 0 FELTON MCLAUGHLIN DIRECTOR 0.50 X 0 0 0 JENNIFER MENTIPLY DIRECTOR 0.50 X 0 0 0 KATHIE A SPANGLER DIRECTOR 0.50 X 0 0 0 LORENZO MURRAY DIRECTOR 0.50 X 0 0 0 MICHELLE POCCIA DIRECTOR 0.50 X 0 0 0 LINDA YETTO IMMED. PAST PRESIDENT 0.50 X X 0 0 0 KATHLEEN M SULLIVAN PRESIDENT 1.00 X X 0 0 0 MELISSA W WOODCOCK PRESIDENT-ELECT 1.00 X X 0 0 0 KIRSTEN BLANCHARD SECRETARY/TREASURER 1.00 X X 0 0 0 LAURA BURNS CHIEF EXEC OFFC 38.00 2.00 X 271624 0 18900 271624 0 18900 1 0 1 0 0 MEMBERSHIP DUES & ASSE 900099 1246350 1246350 1246350 75686 75686 152 18910 -18758 -18758 REIMBURSED OPERATING E 611710 1399172 1399172 HEALTH INSURANCE ADMIN 900099 -26984 -26984 1372188 2675466 2645522 -45742 75686 290524 890119 36124 31570 81217 15786 31800 3898 4628 21936 34289 81976 49627 82892 28555 MEMBER SERVICES & EDUCA 208180 OUTSIDE SERVICES 22636 TELEPHONE 12575 EQUIPMENT RENTAL/MAIN 11655 8379 1948366 400213 678348 2648276 3242288 497 0 2904695 774890 2207397 2129805 443776 443776 5700159 6494217 1168 1713 801607 868020 802775 869733 X 4897384 5624484 4897384 5624484 5700159 6494217 727100 0 X 1 X 0 0 0 0 0 0 1246350 301498 301498 301498 94209 94209 2500588 516145 1984443 72129 71689 440 237769 187056 50713 2129805 INVESTMENT IN GLOBAL MLS 443776 443776 MEMBER DEPOSITS COLLECTED 868020 868020 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C) (6) OF THE INTERNAL REVENUE CODE. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. REVENUE FROM THE HEALTH INSURANCE ADMINISTRATIVE FEES AND REALTOR STORE ARE CONSIDERED UNRELATED BUSINESS INCOME. THIS INCOME IS OFFSET BY A PORTION OF THE ASSOCIATION'S EXPENSES THAT CAN BE ATTRIBUTED TO THE EARNING OF THIS INCOME. AS OF DECEMBER 31, 2024 AND 2023, THESE OPERATIONS HAD A NET LOSS OF $45,742 AND $46,373, RESPECTIVELY. NO FEDERAL TAXES ARE DUE AS A RESULT OF THE LOSS. A NET OPERATING LOSS IS AVAILABLE TO BE CARRIED FORWARD TO OFFSET INCOME IN FUTURE YEARS, HOWEVER MANAGEMENT HAS CONCLUDED THAT IT IS MORE LIKELY THAN NOT THAT THE TAX BENEFIT WILL NOT BE REALIZED. X X 0 0 0 LAURA BURNS CHIEF EXEC OFFC 271624 0 0 0 0 0 13724 0 5176 0 290524 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 REALTORS ARE THE ORGANIZATION'S MEMBERS FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS GOVERN THROUGH BOARD MEETINGS AND COMMUNICATION TO GENERAL MEMBERSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AN OFFICER, DIRECTOR OR VOLUNTEER COMMITTEE MEMBER IS REFERRED TO AS A LEADER. LEADERS WITH ACTUAL OR POTENTIAL CONFLICTS MUST IMMEDIATELY DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND MUST REFRAIN FROM ANY ACTION THAT MAY AFFECT GCAR'S DECISION TO PARTICIPATE WITH THE BUSINESS. SUCH LEADERS SHALL BE EXCUSED FROM DISCUSSIONS INCLUDING THE CONFLICT OF INTEREST UNLESS REQUESTED BY THE BOARD OF DIRECTORS. A LEADER WITH A CONFLICT OF INTEREST MAY NOT VOTE ON A MATTER WHERE THERE IS A CONFLICT OF INTEREST, AND WILL NOT BE PERMITTED TO BE PRESENT IN THE MEETING ROOM WHERE THE VOTE IS BEING TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF A PERSON EARNING OVER $150,000 IS REVIEWED YEARLY AND APPROVED BY THE EXECUTIVE COMMITTEE OF GCAR. EXECUTIVE COMMITTEE MEMBERS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THE REVIEW AND APPROVAL. THE PERSON WHOSE COMPENSATION IS BEING DETERMINED DOES NOT PARTICIPATE OR VOTE IN THE APPROVAL PROCESS. THE COMPENSATION OF THE PERSON WHO IS BEING DETERMINED IS REVIEWED AND APPROVED USING DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. EXECUTIVE COMMITTEE MADE UP OF BOARD MEMBERS VOTE AND MAKE RECOMMENDATION TO FULL BOARD MEMBER MEETING FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST GCAR COMMUNITY OUTREACH FUND 449 NEW KARNER ROAD ALBANY NY 12205 161596827 CHARITABLE NY 501(C)(3) LINE 12B, II GREATER CAPITAL ASSOCIATION OF REALTORS INC 1 COMM INDUST REAL ESTATE BROKERS INC 449 NEW KARNER ROAD ALBANY NY 12205 141607411 TRADE ASSOC. NY C 0 EASTERN NY REGIONAL MULTIPLE LISTING SVC 449 NEW KARNER ROAD ALBANY NY 12205 473841920 TRADE ASSOC. NY C -38858 445060 1.00000 0 GLOBAL MULTIPLE LISTING SERVICE INC 449 NEW KARNER ROAD ALBANY NY 12205 371896130 TRADE ASSOC. NY C 137578 2973492 0.86000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 GLOBAL MULTIPLE LISTING SERVICE INC Q 610020 GLOBAL MULTIPLE LISTING SERVICE INC O 511088 GLOBAL MULTIPLE LISTING SERVICE INC N 97460