Nonprofit · EIN 35-0411185
INDIANA ASSOCIATION OF REALTORS INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,370,750 | $6,331,019 | $1,039,731 | $23,271,324 | $4,847,492 | $18,423,832 |
| December 31, 2023 | 990 | $7,881,101 | $5,584,296 | $2,296,805 | $21,434,272 | $4,205,724 | $17,228,548 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,800,828
- Investment income
- $427,584
- Royalties
- $8,909
- Net gain from sales of assets
- -$5,992
- Net income from sales of inventory
- $425
- Other revenue
- $142,338
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $1,107,732
- Other salaries and wages
- $1,774,574
- Salaries, compensation and benefits (total)
- $3,363,858
- Professional fundraising fees
- $0
- Legal fees
- $71,088
- Accounting fees
- $35,765
- Occupancy
- $301,836
- Travel
- $404,073
- Depreciation
- $113,505
Balance sheet and other
- Total assets, start of year
- $21,434,272
- Total assets, end of year
- $23,271,324
- Total liabilities, end of year
- $4,847,492
- Net assets, end of year
- $18,423,832
- Land, buildings and equipment
- $131,618
- Publicly traded securities
- $4,445,269
- Net assets without donor restrictions
- $18,423,832
- Gross receipts
- $9,006,387
- Employees
- 29
- Volunteers
- 200
- Year formed
- 1948
- State of legal domicile
- IN
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK FISHER | CEO Officer | 40 | $370,294 | $21,501 |
| MAGGIE MCSHANE | SR. VP GOVT AFFAIRS Highest-paid employee | 40 | $256,050 | $13,093 |
| KATHY HARBAUGH | COO Officer | 40 | $247,542 | $12,818 |
| RICHELLE MOSSLER | GENERAL COUNSEL Highest-paid employee | 40 | $206,959 | $11,807 |
| CHRIS WATTS | VP Officer | 40 | $159,729 | $8,708 |
| KARL BERRON | FORMER CEO Former | 0 | $163,329 | $0 |
| KELLY SHONBORN | SENIOR STAFF COUNSEL Highest-paid employee | 40 | $134,994 | $6,541 |
| ANNE JOHNSON | LEGAL AND REGULATORY COMPLIANCE COUNSEL Highest-paid employee | 40 | $134,172 | $6,657 |
| STEVEN HENRY | CONTROLLER Highest-paid employee | 40 | $140,698 | $0 |
| MATTHEW NOWLIN | DIRECTOR, DATA ANALYTICS Highest-paid employee | 40 | $111,951 | $5,569 |
| JENNIFER PARHAM | PRESIDENT Trustee or director, Officer | 1 | $18,000 | $0 |
| LYNN WHEELER | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| KIM WARD | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 |
| AARON LUTTRULL | MEMBER Trustee or director | 1 | $0 | $0 |
| KIM WARD | VP Trustee or director, Officer | 1 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN THOMPSON | MEMBER Trustee or director | 1 | $0 |
| DAVID CAVENESS | MEMBER Trustee or director | 1 | $0 |
| DONNA SPEARS | MEMBER Trustee or director | 1 | $0 |
| JASON ENGEL | MEMBER Trustee or director | 1 | $0 |
| JASON O'NEIL | MEMBER Trustee or director | 1 | $0 |
| KURT SCHULER | MEMBER Trustee or director | 1 | $0 |
| BERNICE HELMAN | MEMBER Trustee or director | 1 | $0 |
| NOHEMI MEMI RENNEWANZ | MEMBER Trustee or director | 1 | $0 |
| KRISTEN WEIDA | MEMBER Trustee or director | 1 | $0 |
| RON MCCOLLY | MEMBER Trustee or director | 1 | $0 |
| STEPHANIE ROSE-WELDY | MEMBER Trustee or director | 1 | $0 |
| TRACY HUTTON | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK FISHER | CEO Officer | 40 | $332,376 | $19,550 |
| MAGGIE MCSHANE | SR. VP GOVT AFFAIRS Officer | 40 | $246,007 | $12,221 |
| KATHY HARBAUGH | SENIOR VP Officer | 40 | $237,458 | $14,444 |
| RICHELLE MOSSLER | GENERAL COUNSEL Highest-paid employee | 40 | $207,719 | $12,830 |
| CHRIS WATTS | VP-COMMUNICATIONS Highest-paid employee | 40 | $147,637 | $9,520 |
| KARL BERRON | FORMER CEO Former | 40 | $154,364 | $0 |
| KELLY SHONBORN | SENIOR STAFF COUNSEL Highest-paid employee | 40 | $133,262 | $8,790 |
| ANNE JOHNSON | LEGAL & REGULATORY COMPLIANCE COUNSEL Highest-paid employee | 40 | $127,350 | $6,305 |
| LYNN WHEELER | PRESIDENT Trustee or director, Officer | 1 | $18,000 | $0 |
| ANDY RUDOLPH | PAST PRESIDENT Trustee or director | 1 | $0 | $0 |
| JENNIFER PARHAM | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 | $0 |
| AARON LUTTRULL | VP Trustee or director, Officer | 1 | $0 | $0 |
| KIM WARD | VP Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN THOMPSON | MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID CAVENESS | MEMBER Trustee or director | 1 | $0 | $0 |
| DONNA SPEARS | MEMBER Trustee or director | 1 | $0 | $0 |
| JASON ENGEL | MEMBER Trustee or director | 1 | $0 | $0 |
| JASON O'NEIL | MEMBER Trustee or director | 1 | $0 | $0 |
| KURT SCHULER | MEMBER Trustee or director | 1 | $0 | $0 |
| MARK FORCUM | MEMBER Trustee or director | 1 | $0 | $0 |
| NOHEMI MEMI RENNEWANZ | MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK MALOBLOCKI | MEMBER Trustee or director | 1 | $0 | $0 |
| RON MCCOLLY | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE ROSE-WELDY | MEMBER Trustee or director | 1 | $0 | $0 |
| TRACY HUTTON | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 143 W MARKET ST STE 100, INDIANAPOLIS, IN 46204-2833
- Principal officer (990 for 2024)
- MARK FISHER, 143 W MARKET STREET 100, INDIANAPOLIS, IN 46204
- Signed the 990
- MARK FISHER, CEO
- Phone
- (317) 913-3230
- Website
- WWW.INDIANAREALTORS.COM
- Return prepared by
- BLUE & CO LLC
Mission
TO SERVE ITS MEMBERS AND LOCAL ASSOCIATIONS BY PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO SUSTAIN A HEALTHY REAL ESTATE MARKET IN INDIANA. IN PROVIDING THESE SERVICES, THE ASSOCIATION WILL RAISE THE STANDARDS OF THE REAL ESTATE PROFESSION AND THE CONDUCT OF THE INDIVIDUALS ENGAGED IN THE PROFESSION. DURING THE CURRENT PERIOD, THE ASSOCIATION SPONSORED VARIOUS PROGRAMS AND SERVICES TO ITS 21,813 MEMBERS WITHIN THE STATE.
Program accomplishments
- LEADERSHIP - MONIES IN THIS FUND FACILITATE MEMBER LEADERSHIP AND GOVERNANCE. SPECIFIC EXPENSES INCLUDE, BUT ARE NOT LIMITED TO PROFESSIONAL MEMBERSHIPS, TRAVEL TO AND PARTICIPATION IN NATIONAL ASSOCIATION EVENTS, REALTOR OF THE YEAR BANQUET, PRESIDENT'S INAUGURAL BALL, FALL AND WINTER LEGISLATIVE CONFERENCES, LEADERSHIP SUMMITS, STATE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE MEETINGS, LOCAL BOARD OUTREACH PROGRAMS, STRATEGIC PLANNING AND THE INDIANA REALTOR LEADERSHIP ACADEMY, A PROGRAM TO FOSTER FUTURE LEADER DEVELOPMENT.
- GOVERNMENT AFFAIRS - GOVERNMENT AFFAIRS EXPENDITURES SUPPORT ASSOCIATION STAFF IN PROMOTING LEGISLATION AT BOTH THE LOCAL, STATE AND FEDERAL LEVELS THAT ENHANCE THE FREEDOM AND ABILITY OF REALTORS TO CONDUCT BUSINESS SUCCESSFULLY WITH INTEGRITY AND COMPETENCY. SAID EXPENDITURES ALSO PROVIDE DEFENSE AGAINST LEGISLATION HARMFUL TO REALTORS AND THE INDIVIDUAL RIGHT TO OWN REAL PROPERTY. SPECIFIC EXPENDITURES INCLUDE, BUT ARE NOT LIMITED TO RESEARCH, LOBBYING, REALTORS POLITICAL ACTION COMMITTEE SOLICITATION, AND GENERAL OFFICE SUPPLIES.
- LEGAL AFFAIRS - LEGAL AFFAIRS EXPENDITURES SUPPORT THE ASSOCIATION ATTORNEYS AND STAFF IN EDUCATING MEMBERS ON THE LAWS GOVERNING THE REALTOR PROFESSION AND REAL ESTATE TRANSACTIONS. SPECIFICALLY, THESE EXPENDITURES PRODUCE AND MAINTAIN AN ELECTRONIC LIBRARY OF LEGAL FORMS AVAILABLE TO ALL MEMBERS TO GUIDE THEIR CLIENTS THROUGH EVERY TYPE OF REAL ESTATE TRANSACTION AND ADMINISTER THE LEGAL HOTLINE, A TOLL-FREE TELEPHONE AND E-MAIL ADDRESS BY WHICH MANAGING BROKERS MAY SEEK FREE LEGAL GUIDANCE. SAID EXPENDITURES ALSO PROMOTE AND ENFORCE THE NATIONAL REALTOR CODE OF ETHICS THROUGH THE SHARED PROFESSIONAL STANDARDS ENFORCEMENT PROGRAM, AND PROVIDE EQUAL OPPORTUNITY AND HOUSING, AND RISK REDUCTION TRAINING AT ASSOCIATION EVENTS. ASSOCIATION ATTORNEYS ALSO HELP WITH COURSES AND MATERIALS FOR THE ASSOCIATION-OWNED REAL ESTATE CERTIFICATION PROGRAM (RECP). LEGAL AFFAIRS ENSURES COMPLIANCE WITH CAMPAIGN FINANCE LAW, INCLUDING APPROVING REALTORS POLITICAL ACTION COMMITTEE (RPAC) DISCLAIMERS FOR LOCAL BOARDS, ADVISING LOCAL BOARDS ON RPAC AND THE LAW, PROVIDING ASSISTANCE TO IAR STAFF TO RESPOND TO INQUIRIES FROM THE INDIANA ELECTION COMMISSION AND THE FILING OF THE CAMPAIGN FINANCE REPORT FOR RPAC. LEGAL AFFAIRS EXPENDITURES PROMOTE AND PROVIDE FOR LEGAL REVIEW OF ALL IAR LEASES, CONTRACTS AND RELATED LEGAL AGREEMENTS AND OVERSEES THE DEFENSE OF IAR LAWSUITS, CLAIMS AND OTHER LEGAL MATTERS. LEGAL AFFAIRS ALSO ADMINISTERS THE LEGAL ACTION PROGRAM TO HELP ALLEVIATE LITIGATION COSTS FOR MEMBERS AND/OR LOCAL ASSOCIATIONS INVOLVED IN LITIGATION. THE PURPOSE OF THE LEGAL ACTION PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE TO SUPPORT LITIGATION OF SIGNIFICANCE TO THE ASSOCIATION, INCLUDING MATTERS RELEVANT TO THE PRACTICE OF REAL ESTATE, THE OPERATION OF REAL ESTATE ASSOCIATIONS, OWNERSHIP AND USE OF REAL ESTATE, AND PRIVATE PROPERTY RIGHTS. LEGAL ACTION FUNDS ARE TO BE USED EXCLUSIVELY TO PAY THE LEGAL FEES, COSTS, AND EXPENSES INCURRED IN CONNECTION WITH THE LITIGATION FOR WHICH ASSISTANCE IS REQUESTED AND PROVIDED.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0411185
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,271,324
- Income (IRS master file)
- $9,006,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,370,750 | $6,331,019 | $23,271,324 | XML |
| 990 | December 2023 | $7,881,101 | $5,584,296 | $21,434,272 | XML |
| 990 | December 2022 | $6,742,717 | $5,548,292 | $18,947,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 35-0411185).
Questions about INDIANA ASSOCIATION OF REALTORS INC
- What is the EIN of INDIANA ASSOCIATION OF REALTORS INC?
- The employer identification number (EIN) of INDIANA ASSOCIATION OF REALTORS INC is 35-0411185.
- Is INDIANA ASSOCIATION OF REALTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1945.
- Are donations to INDIANA ASSOCIATION OF REALTORS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIANA 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 INDIANA 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 INDIANA 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 is the principal officer of INDIANA ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2024 names MARK FISHER.
- Who are the officers and directors of INDIANA ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 11 received compensation from the organization, the highest $370,294 (MARK FISHER, CEO).
- How much revenue does INDIANA ASSOCIATION OF REALTORS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,370,750, expenses of $6,331,019 and total assets of $23,271,324 at year end.
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