2025-10-24T06:57:59-05:00 2024-12-31 541645202 BADGER SUMRALL & COMPANY 7410 HERITAGE VILLAGE PLAZA 101 GAINESVILLE VA 20155 990 2024-01-01 251920203 REALTOR ASSOCIATION OF PRINCE WILLIAM DBA PWAR REAL 7035650033 9720 CAPITAL COURT 200 MANASSAS VA 20110 APRIL THOMAS CEO 7035650033 2025-10-24 1 1 SHAWN SUMRALL CPA P00274803 5403644930 2024 2025-03-06 01:10:19Z APRIL THOMAS 9720 CAPITAL COURT 200 MANASSAS VA 20110 1019812 0 X WWW.PWAR.COM X 2007 VA TO ADVANCE AND PROMOTE THE BUSINESS CONDITION OF REALTORS AND THE REAL ESTATE PROFESSION IN THE GEOGRAPHICAL REGION OF PRINCE WILLIAM COUNTY, VIRGINIA. 16 16 6 30 0 0 0 0 764265 721690 -170585 44444 202707 162535 796387 928669 0 0 0 0 482995 431448 0 0 0 827870 548533 1310865 979981 -514478 -51312 2360684 2359476 286716 336820 2073968 2022656 TO ADVANCE AND PROMOTE THE BUSINESS CONDITION OF REALTORS AND THE REAL ESTATE PROFESSION IN THE GEOGRAPHIC REGION OF PRINCE WILLIAM COUNTY, VIRGINIA. 0 0 204105 ADMINISTRATIVE/OPERATIONS: AS PWAR'S LARGEST EXPENSE, THE ADMINISTRATION OF THE ASSOCIATION ENSURES THAT THE OVERALL MISSION IS BEING MET (SERVICING OUR MEMBERS). THESE SERVICES INCLUDE CODE OF ETHICS ENFORCEMENT/ARBITRATION, OPERATION OF COMMITTEE SYSTEM TO GOVERN POLICIES AND PROGRAMS, SIX MEMBERSHIP MEETINGS HELD, REGULAR/ONGOING E-MAIL COMMUNICATIONS TO VARIOUS SEGMENTS OF THE MEMBER POPULATION, WEBSITE WITH PERTINENT INDUSTRY AND ASSOCIATION INFORMATION. THIS FUNCTION ALSO MAINTAINS THE FINANCIAL RECORDS, ADMINISTRATIVE RECORDS AND THE CURRENT DATABASE AND ENFORCES LICENSING REQUIREMENTS OF THE BYLAWS. 213280 EDUCATION: PWAR OFFERS A VARIETY OF EDUCATIONAL COURSES THROUGHOUT THE YEAR. THIS SUPPORTS THE PWAR MISSION OF HELPING OUR MEMBERS CONDUCT THEIR BUSINESS ETHICALLY AND SUCCESSFULLY. 166880 REALTOR STORE: STOCKS AND SELLS PRODUCTS RELEVANT TO MEMBERS' BUSINESS. THIS AGAIN SUPPORTS THE PWAR MISSION OF HELPING OUR MEMBERS CONDUCT THEIR BUSINESS SUCCESSFULLY. 584265 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 6 1 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X APRIL THOMAS 7035650033 9720 CAPITAL COURT 200 MANASSAS VA 20110 CRAIG WADE PRESIDENT 1.00 X X 0 0 0 CLAUDIA SARMIENTO SECRETARY-TREASURER 1.00 X X 0 0 0 ARON BROWN DIRECTOR 1.00 X 0 0 0 ELIZABETH CARRILLO DIRECTOR 1.00 X 0 0 0 IRENE FRANKLIN DIRECTOR 1.00 X 0 0 0 KAY KING DIRECTOR 1.00 X 0 0 0 TIM NEAL DIRECTOR 1.00 X 0 0 0 CARMELA PATRICK DIRECTOR 1.00 X 0 0 0 FATIMA PEREIRA DIRECTOR 1.00 X 0 0 0 SHERRY SKINNER DIRECTOR 1.00 X 0 0 0 WAYNE STEADMAN DIRECTOR 1.00 X 0 0 0 BETH GRANT PAST PRESIDENT 1.00 X 0 0 0 LAURA TRIPLETT DIRECTOR 1.00 X 0 0 0 APRIL THOMAS CHIEF EXECUTIVE OFFICER 37.50 X 152803 0 0 152803 0 0 1 0 1 0 0 MEMBERSHIP DUES 531390 654509 654509 EVENTS 531390 38681 38681 EDUCATIONAL PROGRAMS 531390 28500 28500 721690 44444 44444 3135 0 3135 3135 3135 74382 91143 -16761 -16761 SENTRILOCK REVENUE 531390 146583 146583 OTHER REVENUE 531390 29578 29578 176161 928669 881090 0 47579 152803 96358 56445 257715 133787 123928 20930 11734 9196 2755 1545 1210 48023 26923 21100 49372 27679 21693 7550 4232 3318 26302 14745 11557 86904 48720 38184 21262 11920 9342 2563 1437 1126 57355 32154 25201 4965 2784 2181 ADMINISTRATIVE EXPENSES 143959 80688 63271 EVENT EXPENSES 50195 50195 EDUCATION 29202 29202 DUES AND SUBSCRIPTIONS 18126 10162 7964 979981 584265 395716 0 686746 703041 189886 193022 21856 21043 30706 28415 1725583 371051 1390762 1354532 1450 1450 39278 57973 2360684 2359476 43816 39591 214258 222735 28642 65066 0 9428 286716 336820 X 2073968 2022656 2073968 2022656 2360684 2359476 -51312 0 X X 0 1 X 1 0 0 1 0 1400000 51633 1348367 325583 319418 6165 1354532 DUES AND CONTRIBUTIONS PAYABLE 9428 9428 X 1019812 91143 91143 928669 0 928669 1071123 91142 91142 979981 0 979981 PART X, LINE 2: PRINCE WILLIAM ASSOCIATION OF REALTORS IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM VIRGINIA INCOME TAXES. HOWEVER, THE ASSOCIATION IS SUBJECT TO TAXES ON ITS UNRELATED BUSINESS ACTIVITIES. THE ASSOCIATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. NO PROVISION FOR INCOME TAX IS REQUIRED FOR 2023 OR 2022. THE ASSOCIATION'S 2022, 2023 AND 2024 TAX YEARS ARE OPEN FOR EXAMINATION BY THE IRS. THE ASSOCIATION FILES AS A TAX EXEMPT ORGANIZATION; SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION WOULD BE SUBJECT TO REVIEW BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES COST OF GOODS SOLD 91,143. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 91,143. RENTAL EXPENSES ROUNDING -1. 0 0 0 APRIL THOMAS CHIEF EXECUTIVE OFFICER 152803 0 0 0 0 0 0 0 0 0 152803 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS SEVEN CLASSES OF MEMBERS INCLUDING REALTOR, INSTITUTE AFFILIATE, AFFILIATE, PUBLIC SERVICE, HONORARY, STUDENT AND LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY REALTOR AND LIFE MEMBERS CAN VOTE ON ELECTING MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE REALTOR AND LIFE MEMBERS, AS WELL AS AMENDMENTS TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETED COPY OF THE FORM 990 WILL BE REVIEWED BY STAFF, AND THEN SUBMITTED TO THE BUDGET AND FINANCE COMMITTEE FOR REVIEW. THE FORM WILL THEN BE SUBMITTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTOR MEMBERS (INCLUDING OFFICERS) AND THE CHIEF EXECUTIVE OFFICER ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY IN JANUARY OF EACH YEAR (THE BEGINNING OF A NEW TERM FOR THE BOARD OF DIRECTORS) OR AT THEIR FIRST BOARD OF DIRECTORS MEETING IN THE CASE OF AN APPOINTED DIRECTOR (SHOULD A VACANCY NEED TO BE FILLED). THE POLICY OUTLINES WHAT CONSTITUTES UNDER A CONFLICT. THE ASSOCIATION HAS NOT HAD A DECLARED CONFLICT UNDER THIS POLICY SO TO DATE, POTENTIAL CONFLICTS OF INTEREST HAVE NOT BEEN REVIEWED. SHOULD A DIRECTOR/CHIEF EXECUTIVE OFFICER DECLARE A CONFLICT, THEY WOULD BE EXCUSED FROM THE DELIBERATIONS/VOTE OF THAT PARTICULAR DECISION WITH THE REMAINING DIRECTORS DETERMINING IF A CONFLICT EXISTS. ALL PROCEEDINGS RELATED TO ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST WILL BE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR SALARIES ARE REVIEWED BY THE EXECUTIVE COMMITTEE. FOR OFFICERS, THE ASSOCIATION UTILIZES AN ANNUAL PERFORMANCE REVIEW AND COMPARABLE SALARY STUDY REVIEWS. EACH YEAR, STATISTICS ARE COLLECTED FOR COMPARABLE STUDIES. THE PROCESS WAS MOST RECENTLY UNDERTAKEN FOR THE CHIEF EXECUTIVE OFFICER IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND/OR ARE POSTED ON THE WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.