2025-11-17T13:41:41-06:00 2024-12-31 202253063 TANNER LLC 36 S STATE STREET SUITE 600 SALT LAKE CITY UT 84111 990 2024-01-01 870275654 UTAH ASSOCIATION OF REALTORS UTAH 8016765200 230 W TOWNE RIDGE PARKWAY 500 SANDY UT 84070 STEVEN BOND PRESIDENT 8016765200 2025-11-16 1 0 MARC A METCALF P00170461 8015327444 2025-11-16 2024 2025-03-06 01:10:19Z STEVEN BOND 230 W TOWNE RIDGE PARKWAY 500 SANDY UT 84070 6513458 0 X N/A X NON PROFIT 1978 UT THE PURPOSE OF THE UTAH ASSOCIATION OF REALTORS (UAR) IS TO SERVE ITS MEMBERS AND REPRESENT ALL FACETS OF THE REAL ESTATE INDUSTRY BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE MEMBERS' FREEDOM AND ABILITY TO CONDUCT SUCCESSFUL BUSINESSES WITH INTEGRITY AND COMPETENCY AND BY SUING COLLECTIVE ACTION TO PROMOTE THE PRESERVATION AND EXTENSION OF THE RIGHT OT OWN, TRANSFER, AND USE REAL PROPERTY. 70 70 11 113 0 0 4492322 4422739 349076 402382 1200535 1107436 715262 499877 6757195 6432434 0 0 0 0 2466750 2795724 0 0 0 2272419 1958557 4739169 4754281 2018026 1678153 28225873 30178628 4224182 4524735 24001691 25653893 X THE PURPOSE OF THE UTAH ASSOCIATION OF REALTORS (UAR) IS TO SERVE ITS MEMBERS AND REPRESENT ALL FACETS OF THE REAL ESTATE INDUSTRY BY PROVIDING PROGRAMS AND SERVICES TO ENHANCE MEMBERS' FREEDOM AND ABILITY TO CONDUCT SUCCESSFUL BUSINESSES WITH INTEGRITY AND COMPETENCY AND BY SUING COLLECTIVE ACTION TO PROMOTE THE PRESERVATION AND EXTENSION OF THE RIGHT OT OWN, TRANSFER, AND USE REAL PROPERTY.PROGRAMS TO ACCOMPLISH THE FOREGOING MISSION INCLUDE:1. PUBLIC AWARENESS ADVERTISING DESIGNED TO INFORM THE PUBLIC OF THE SERVICES AND BENEFITS OFFERED BY REALTORS.2. AN ANNUAL STATE CONVENTION WHERE MEMBERS RECEIVE UPDATES ON THE LAWS AND REGULATIONS RELATING TO THE REAL ESTATE INDUSTRY AND RECEIVE TRAINING AND SUPPORT.3. CONFERENCES AND MEETING WITH INDIVIDUAL LOCAL BOARDS AND ASSOCIATIONS.4. OTHER MEMBERS SUPPORT WITH ITS LEGAL RESOURCE CENTER, PROFESSIONAL STANDARDS MONITORING AND COMPLIANCE, AND ADMINISTRATIVE SUPPORT TO ITS UAR HOUSING OPPORTUNITY FUND (SEPARATE TAX ENTITY). 0 0 PUBLIC & MEMBER AWARENESS CAMPAIGN:DUE TO COMPETITIVE PRESSURE FROM NON-REALTOR ADVOCATES IN CONNECTION WITH THE SALE OF REAL ESTATE, THE UAR CONDUCTS A PUBLIC AND MEMBER AWARENESS CAMPAIGN DESIGNED TO EDUCATE ON THE VALUE OF REALTOR SERVICES, PARTICULARLY TO THE SELLERS OF REAL ESTATE. THIS CAMPAIGN CONSISTS OF PERIODIC RADIO, TV, BILLBOARD, AND OTHER ACTIVITIES THAT GENERATE PUBLICITY RELATING TO THE VALUE OF THESE SERVICES. UAR STATE CONVENTION:THE ANNUAL STATE CONVENTION WAS HELD IN SEPTEMBER OF 2024, IN WHICH ATTENDEES RECEIVED UPDATES ON THE STATUS OF VARIOUS LEGISLATIVE ISSUES IMPACTING THE STATE OF THE REAL ESTATE INDUSTRY, WERE ABLE TO PARTICIPATE IN EDUCATION AND CLASSES NEEDED FOR CONTINUING EDUCATION REQUIREMENTS, AND RECEIVED TRAINING IN VARIOUS LEADERSHIP AND COMMITTEE ASSIGNMENT ACTIVITIES. IN ADDITION, EXECUTIVE COMMITTEE AND ANNUAL MEETINGS WERE HELD AND THE BUSINESS OF THE ASSOCIATION WAS TRANSACTED. CONFERENCES, MEETINGS AND LEADERSHIP TRAINING:ASSOCIATION LEADERSHIP PARTICIPATED IN VARIOUS NATIONAL ASSOCIATION OF REALTORS MEETINGS AND TRAINING SESSIONS NEEDED TO ASSIST THE LOCAL STATE BOARDS AND ASSOCIATIONS. MEETINGS WERE HELD WITH EACH LOCAL BOARD FOR PURPOSES OF TRAINING AND LEADERSHIP DEVELOPMENTS. LEADERSHIP SEMINARS WERE ALSO HELD FOR MEMBERS WITH ASPIRATIONS OF PARTICIPATING IN LEADERSHIP POSITIONS AT BOTH THE STATE AND LOCAL BOARD LEVELS. LEGISLATIVE SUPPORT:AS MORE FULLY DESCRIBED IN SCHEDULE C - POLITICAL CAMPAIGN AND LOBBYING ACTIVITIES, THESE PRORAMS CONSIST OF MONITORING THE STATUS OF PROPOSED LEGISLATION AFFECTING REAL ESTATE, COMMUNICATING POSITIONS WITH RESPECT TO SUCH LEGISLATION, PROVIDING CONTACT OPPORTUNITIES BETWEEN MEMBERS AND THEIR ELECTED REPRESENTATIVES, AND SUPPORTING THE REALTOR POLITICAL ACTION COMMITTEE. OTHER MEMBER SUPPORT:ACTIVITIES INCLUDE THE LEGAL RESOURCE CENTER, WHICH PROVIDES LEGAL ASSISTANCE TO MEMBERS ON A VARIETY OF REAL ESTATE ISSUES, AND PROVIDING PROFESSIONAL STANDARDS TRAINING AND COMPLIANCE MONITORING. IN ADDITION, ADMINISTRATIVE SUPPORT IS PROVIDED TO THE HOUSING OPPORTUNITY FUND, WHICH PROVIDES FINANCIAL ASSISTANCE TO LOW INCOME AND OTHER QUALIFIED BUYERS, AND TO THE GRADUATE REALTOR INSTITUTE, IN CERTIFYING MEMBERS WITH THE GRI DESIGNATION. REVENUES CONSIST OF REIMBURSEMENT FOR A PORTION OF THESE SERVICES. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 11 1 0 0 0 0 1 1 0 0 0 0 0 X 70 70 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 UT X JASON BURR 8016765200 230 W TOWNE RIDGE PARKWAY 500 SANDY UT 84070 RUSS BOOTH BOARD MEMBER 0.60 X 0 0 0 MORELZA BORATZUK BOARD MEMBER 0.60 X 0 0 0 JIM BRINGHURST BOARD MEMBER 0.60 X 0 0 0 MIRANDA BRODSTON BOARD MEMBER 0.60 X 0 0 0 SHELBY CARDALL BOARD MEMBER 0.60 X 0 0 0 LORI CHAPMAN BOARD MEMBER 0.60 X 0 0 0 SCOTT COLEMERE BOARD MEMBER 0.60 X 0 0 0 DEVI COOPER BOARD MEMBER 0.60 X 0 0 0 HANNAH CUTLER BOARD MEMBER 0.60 X 0 0 0 RANDY DAY BOARD MEMBER 0.60 X 0 0 0 KRISTY DIMMICK BOARD MEMBER 0.60 X 0 0 0 MARI EDDY BOARD MEMBER 0.60 X 0 0 0 RUSSIE EDWARDS BOARD MEMBER 0.60 X 0 0 0 LAURA FIDLER BOARD MEMBER 0.60 X 0 0 0 GARTH FRANDSEN BOARD MEMBER 0.60 X 0 0 0 SUE GATCHELL BOARD MEMBER 0.60 X 0 0 0 AMY GIBBONS BOARD MEMBER 0.60 X 0 0 0 LACEY HANSEN BOARD MEMBER 0.60 X 0 0 0 TAMMY HOUCHEN BOARD MEMBER 0.60 X 0 0 0 GRETCHEN HUDGENS BOARD MEMBER 0.60 X 0 0 0 JUSTIN HUTCHINS BOARD MEMBER 0.60 X 0 0 0 SHANNON KEE BOARD MEMBER 0.60 X 0 0 0 DAN KENNEDY BOARD MEMBER 0.60 X 0 0 0 JOE LANGSTON BOARD MEMBER 0.60 X 0 0 0 CLAIRE LARSON BOARD MEMBER 0.60 X 0 0 0 LERRON LITTLE BOARD MEMBER 0.60 X 0 0 0 AL MANSELL BOARD MEMBER 0.60 X 0 0 0 ALMA MANSELL BOARD MEMBER 0.60 X 0 0 0 J BRAD MORGAN BOARD MEMBER 0.60 X 0 0 0 STEVE NELSON BOARD MEMBER 0.60 X 0 0 0 JOANNE O'CONNELL BOARD MEMBER 0.60 X 0 0 0 ROB OCKEY BOARD MEMBER 0.60 X 0 0 0 WYATT OLSEN BOARD MEMBER 0.60 X 0 0 0 RUSS ORCHARD BOARD MEMBER 0.60 X 0 0 0 JODIE OSOFSKY BOARD MEMBER 0.60 X 0 0 0 SHELBY PALMER BOARD MEMBER 0.60 X 0 0 0 STEVE PERRY BOARD MEMBER 0.60 X 0 0 0 DEANNA ROBBINS BOARD MEMBER 0.60 X 0 0 0 DAVE ROBISON BOARD MEMBER 0.60 X 0 0 0 LISA SAMUELS-SIMMONS BOARD MEMBER 0.60 X 0 0 0 JON SCHUMANN BOARD MEMBER 0.60 X 0 0 0 JUSTIN SCOTT BOARD MEMBER 0.60 X 0 0 0 LIZ SEARS BOARD MEMBER 0.60 X 0 0 0 JECHELLE SECRETAN BOARD MEMBER 0.60 X 0 0 0 CHRIS SLOAN BOARD MEMBER 0.60 X 0 0 0 RANDAL SMITH BOARD MEMBER 0.60 X 0 0 0 JANICE SMITH BOARD MEMBER 0.60 X 0 0 0 RETT JAMES SMITH BOARD MEMBER 0.60 X 0 0 0 RICK SOUTHWICK BOARD MEMBER 0.60 X 0 0 0 ADAM SPETH BOARD MEMBER 0.60 X 0 0 0 DAWN STEVENS BOARD MEMBER 0.60 X 0 0 0 ALICIA UNRUH BOARD MEMBER 0.60 X 0 0 0 CHRISTY VAIL BOARD MEMBER 0.60 X 0 0 0 BLAINE WALKER BOARD MEMBER 0.60 X 0 0 0 DENICE WAYBRANT BOARD MEMBER 0.60 X 0 0 0 CALEB WERTZ BOARD MEMBER 0.60 X 0 0 0 MICHELLE WILLIAMS BOARD MEMBER 0.60 X 0 0 0 JED NILSON PAST PRESIDENT 5.00 X X 6000 0 0 STEPHANIE TAYLOR VICE PRESIDENT 5.00 X X 6000 0 0 AARON DRUSSEL TREASURER 5.00 X X 6000 0 0 ADAM KIRKHAM PRESIDENT 10.00 X X 18000 0 0 STEVEN BOND PRESIDENT-ELECT 5.00 X X 6000 0 0 CHRISTOPHER KYLER CEO 40.00 X X 834163 0 74344 876163 0 74344 1 0 1 0 0 4422739 4422739 CONVENTION 171310 171310 PROFESSIONAL STANDARDS INCOME 97650 97650 FORMS LICENSE INCOME 77396 77396 UARHOF 56026 56026 402382 1107436 1107436 275306 0 275306 275306 275306 30495 81024 -50529 -50529 GRANT INCOME 275000 275000 MISCELLANEOUS INCOME 100 100 275100 6432434 952788 0 1056907 950507 1403010 90851 296005 55351 98582 27757 162533 555880 1518 166096 MEMBERSHIP SERVICES 796115 BANK AND CREDIT CARD CH 101441 SUPPLIES AND OTHER 48635 4754281 9322796 10507402 16060588 16889824 40333 43281 150152 122085 4892401 2276365 2652004 2616036 28225873 30178628 572991 655502 3618667 3803284 32524 65949 4224182 4524735 X 24001691 25653893 24001691 25653893 28225873 30178628 X 1678153 96387 -122338 X 0 1 X 1 0 122338 2000 0 0 1 4422739 122338 122338 122338 PART I-A, LINE 1: LEGISLATIVE SUPPORT ACTIVITIES INCLUDE A REVIEW OF PROPOSED STATE LEGISLATION, TAKING POSITIONS ON THOSE BILLS IMPACTING REAL ESTATE, HOME OWNERSHIP, AND/OR PRIVATE PROPERTY RIGHTS, AND COMMUNICATION OF THESE POSITIONS TO DECISION MAKERS. WE ALSO CAMPAIGN FOR AND DONATE VOLUNTEER TIME TO LEGISLATORS WHO SUPPORT OUR VIEWS. WE SUPPORT OUR REALTOR POLITICAL ACTION COMMITTEE. 575711 575711 3274559 1370390 1904169 193265 174801 18464 649782 540429 109353 199084 190745 8339 2616036 CAPITALIZED LEASE LIABILITY 50575 SECURITY DEPOSITS 15374 65949 X 6609845 96387 96387 6513458 -81024 -81024 6432434 4957642 203361 203361 4754281 0 4754281 PART X, LINE 2: US GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES RECLASSED FROM FUNCTIONAL EXPENSES -81,024. PART XII, LINE 2D - OTHER ADJUSTMENTS: POLITICAL ACTIVITY EXPENSES 122,337. FUNDRAISING EVENT EXPENSES REPORTED ON STATEMENT OF REVENUE 81,024. GOLF TOURNAMENT 25500 25500 37014 REALTOR DAY 4995 4995 44010 30495 30495 81024 81024 -50529 X X X 0 0 0 CHRISTOPHER KYLER CEO 554163 0 280000 0 0 0 32815 0 41529 0 908507 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA, SALARY SURVEYS, AND INDEPENDENT DELIBERATION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PAY DUES FOR THE PRIVILEGE OF MEMBERSHIP. THERE ARE NO STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ELECTS THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS AND THE ELECTION OF THE BOARD OF DIRECTORS ARE VOTED UPON AND APPROVED BY THE MEMBERS. ALL OTHER DECISIONS ARE THE RESPONSIBILITY OF THE BOARD OF DIRECTORS. DECISIONS BY THE EXECUTIVE COMMITTEE ARE RATIFIED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS PREPARED BY A PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE CFO, CEO AND EXECUTIVE COMMITTEE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY UTILIZES ROBERT'S RULES OF ORDER AT ALL MEETINGS AND A RECORD OF ALL ACTIONS IS DOCUMENTED IN FORMAL MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE BASED ON COMPARABLE DATA, SALARY SURVEYS, AND INDEPENDENT DELIBERATION. THE SALARY OF ALL OTHER EMPLOYEES IS DETERMINED BY THE BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 TAXPAYER MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST, SUBMITTED TO: UTAH ASSOCIATION OF REALTORS 230 WEST TOWNE RIDGE PARKWAY, SUITE 500 SANDY, UT 84070 FORM 990, PART XI, LINE 9: POLITICAL ACTIVITY EXPENSES NOT INCLUDED IN FUNCTIONAL EXPENSES -122,338.