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Nonprofit · EIN 03-0265065

VERMONT ASSOCIATION OF REALTORS INC

Tax-exempt · MONTPELIER, VT 05602

Financials

$1M$915K2023$1.1M$859K2024
Revenue Expenses · by fiscal year end
Financials of VERMONT ASSOCIATION OF REALTORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,098,248$858,985$239,263$2,159,675$629,592$1,530,083
December 31, 2023990$1,024,452$914,543$109,909$1,976,162$669,047$1,307,115
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$952,762
Investment income
$138,870
Net gain from sales of assets
$75,419
Other revenue
$6,616

Expenses

Grants and similar amounts paid
$35,000
Compensation of officers, directors and key employees
$148,290
Other salaries and wages
$218,427
Salaries, compensation and benefits (total)
$440,841
Professional fundraising fees
$0
Legal fees
$3,045
Accounting fees
$17,583
Occupancy
$14,400
Travel
$70,346

Balance sheet and other

Total assets, start of year
$1,976,162
Total assets, end of year
$2,159,675
Total liabilities, end of year
$629,592
Net assets, end of year
$1,530,083
Land, buildings and equipment
$9,840
Publicly traded securities
$480,255
Net assets without donor restrictions
$1,389,414
Net assets with donor restrictions
$140,669
Gross unrelated business income
$48,798
Gross receipts
$1,367,829
Employees
4
Volunteers
40
Year formed
1945
State of legal domicile
VT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Kathy SweetenCEO
Officer
40$136,290
Steven P FosterPresident
Trustee or director, Officer
3$12,000
Jenifer HoffmanPres Council Re
Trustee or director, Officer
1$0
Alison CummingsDirector
Trustee or director
1$0
Sarah PelusoPast-President
Trustee or director, Officer
1$0
Nancy LiberatoreDirector
Trustee or director
1$0
Meg McGovernDirector
Trustee or director
1$0
Craig CrawfordDirector
Trustee or director
1$0
Brian ArmstrongDirector
Trustee or director
1$0
Andie FuscoDirector
Trustee or director
1$0
Robbi HolmesDirector
Trustee or director
1$0
Stephanie CoreyDirector
Trustee or director
1$0
Patrice SchneiderDirector
Trustee or director
1$0
Lisa MeyerDirector
Trustee or director
1$0
Joanne KentDirector
Trustee or director
1$0
2 more people on this return
NameTitleHours / weekCompensation
TG GlazerVice President
Trustee or director, Officer
3$0
David RaphaelTreasurer
Trustee or director, Officer
3$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensation
Kathy SweetenCEO
Officer
40$128,415
Sarah PelusoPresident
Trustee or director, Officer
3$12,000
Barbara TrousdaleTreasurer
Trustee or director, Officer
1$0
Alison CummingsNAR Director
Trustee or director, Officer
1$0
Nancy LiberatoreDirector
Trustee or director
1$0
Meg McGovernAt-Large Comm R
Trustee or director
1$0
Mike HickeyPast President
Trustee or director, Officer
1$0
Brian ArmstrongDirector
Trustee or director
1$0
Claudia HarrisDirector
Trustee or director
1$0
Robbi HolmesDirector
Trustee or director
1$0
Stephanie CoreyDirector
Trustee or director
1$0
Patrice SchneiderDirector
Trustee or director
1$0
Lisa MeyerDirector
Trustee or director
1$0
Steve PoulinDirector
Trustee or director
1$0
Joanne KentDirector
Trustee or director
1$0
Ken LibbyNAR DSA
Trustee or director, Officer
1$0
TG GlazerPres Council Re
Trustee or director, Officer
1$0
Steven P FosterVice President
Trustee or director, Officer
1$0
David RaphaelNAR Director
Trustee or director, Officer
1$0
Gary CogerDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
148 STATE ST, MONTPELIER, VT 05602-3334
Signed the 990
Kathy Sweeten, CEO
Phone
(802) 229-0513
Return prepared by
Grippin Donlan & Pinkham PLC

Mission

The Mission of the Organization is to serve its members by providing resources that help them deliver real estate services in an ethical and professional manner as well as to advocate for the rights of property owners in Vermont.

990 for the year ended December 31, 2024

Program accomplishments

  • Provides members with access to industry information, professional development resources, technology resources and other benefits to support the Vermont Realtor members.
  • Continuing education is provided through an extensive schedule of classes on regulatory topics which assist members in maintaining their licensing requirements.
  • The Organization offers an annual conference along with other meetings throughout the year to provide professional development seminars and information on market and industry trends from national speakers.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
03-0265065
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,159,675
Income (IRS master file)
$1,367,829

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,098,248$858,985$2,159,675XML
990December 2023$1,024,452$914,543$1,976,162XML
990December 2022$1,106,430$911,369$2,117,225IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0265065).

Questions about VERMONT ASSOCIATION OF REALTORS INC

What is the EIN of VERMONT ASSOCIATION OF REALTORS INC?
The employer identification number (EIN) of VERMONT ASSOCIATION OF REALTORS INC is 03-0265065.
Is VERMONT ASSOCIATION OF REALTORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
Are donations to VERMONT ASSOCIATION OF REALTORS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does VERMONT ASSOCIATION OF REALTORS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VERMONT ASSOCIATION OF REALTORS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VERMONT ASSOCIATION OF REALTORS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of VERMONT ASSOCIATION OF REALTORS INC?
The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $136,290 (Kathy Sweeten, CEO).
How much revenue does VERMONT ASSOCIATION OF REALTORS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,098,248, expenses of $858,985 and total assets of $2,159,675 at year end.

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