Nonprofit · EIN 59-0810295
REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC
Tax-exempt · SARASOTA, FL 34232
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,323,415 | $3,709,904 | $613,511 | $16,334,516 | $1,520,017 | $14,814,499 |
| December 31, 2023 | 990 | $3,980,070 | $3,477,256 | $502,814 | $15,862,126 | $1,862,563 | $13,999,563 |
| December 31, 2022 | 990 | $3,939,487 | $3,177,097 | $762,390 | $14,727,452 | $1,687,011 | $13,040,441 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,894,034
- Investment income
- $354,002
- Net rental income
- $19,908
- Net gain from sales of assets
- $39,758
- Net income from sales of inventory
- $31,695
- Other revenue
- $75,379
Expenses
- Grants and similar amounts paid
- $7,500
- Compensation of officers, directors and key employees
- $245,503
- Other salaries and wages
- $1,223,321
- Salaries, compensation and benefits (total)
- $1,739,754
- Professional fundraising fees
- $0
- Legal fees
- $60,272
- Accounting fees
- $115,655
- Occupancy
- $138,616
- Depreciation
- $231,717
Balance sheet and other
- Total assets, start of year
- $15,862,126
- Total assets, end of year
- $16,334,516
- Total liabilities, end of year
- $1,520,017
- Net assets, end of year
- $14,814,499
- Land, buildings and equipment
- $6,893,203
- Publicly traded securities
- $6,169,480
- Net assets without donor restrictions
- $14,814,499
- Gross unrelated business income
- $1,237,926
- Gross receipts
- $6,003,120
- Employees
- 24
- Volunteers
- 200
- Year formed
- 1964
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| Jeff Arakelian | CEO Officer | 40 | $238,000 | $7,503 |
| Jesse Sunday | VP of Operations | 40 | $120,500 | $7,900 |
| Max Brandow | VP of Advocacy | 40 | $110,000 | $7,900 |
| Tony Barrett | President Trustee or director, Officer | 3 | $0 | $0 |
| Debi Reynold | President-Elect Trustee or director, Officer | 3 | $0 | $0 |
| David Crawford | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Anita Lambert | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Brian Tresidder | Past President Trustee or director, Officer | 2 | $0 | $0 |
| Beth Beckert | Director Trustee or director | 1 | $0 | $0 |
| Jessica Bow | Director Trustee or director | 1 | $0 | $0 |
| Nathan Butrum | Director Trustee or director | 1 | $0 | $0 |
| Pam Charron | Director Trustee or director | 1 | $0 | $0 |
| Amy MacDougall | Director Trustee or director | 1 | $0 | $0 |
| Rachel McCoy | Director Trustee or director | 1 | $0 | $0 |
| Marcia McLaughlin | Director Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Julie Montei | Director Trustee or director | 1 | $0 |
| Brian Partie | Director Trustee or director | 1 | $0 |
| Derek Patti | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Arakelian Jeff | CEO Officer | 40 | $216,000 | $15,896 |
| Jesse Sunday | VP of Operations | 40 | $109,250 | $7,333 |
| Max Brandow | VP of Advocacy | 40 | $103,750 | $7,333 |
| Gina McCarthy | VP Communications | 40 | $103,250 | $7,340 |
| Barrett Tony | President-Elect Trustee or director, Officer | 3 | $0 | $0 |
| Tresidder Brian | President Trustee or director, Officer | 3 | $0 | $0 |
| Reynolds Debi | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Crawford David | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Veldkamp Tony | Past President Trustee or director, Officer | 2 | $0 | $0 |
| Bow Jessica | Director Trustee or director | 1 | $0 | $0 |
| Butrum Nathan | Director Trustee or director | 1 | $0 | $0 |
| Charron Pam | Director Trustee or director | 1 | $0 | $0 |
| Hoskinson Ken | Director Trustee or director | 1 | $0 | $0 |
| Lambert Anita | Director Trustee or director | 1 | $0 | $0 |
| McLaughlin Marcia | Director Trustee or director | 1 | $0 | $0 |
| Montei Julia | Director Trustee or director | 1 | $0 | $0 |
| Northrup Mary | Director Trustee or director | 1 | $0 | $0 |
| Partie Brian | Director Trustee or director | 1 | $0 | $0 |
| Patti Derek | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Arakelian Jeff | CEO Officer | 40 | $209,000 | $14,930 |
| Krumm Alex | Past President Trustee or director, Officer | 2 | $0 | $0 |
| Tresidder Brian | President-Elect Trustee or director, Officer | 3 | $0 | $0 |
| Butrum Nathan | Director Trustee or director | 1 | $0 | $0 |
| Barrett Tony | Vice President Trustee or director | 2 | $0 | $0 |
| Charron Pam | Director Trustee or director | 1 | $0 | $0 |
| Coffey Brandy | Director Trustee or director | 1 | $0 | $0 |
| Carlson Jody | Director Trustee or director | 1 | $0 | $0 |
| Crawford David | Director Trustee or director | 1 | $0 | $0 |
| Lambert Anita | Director Trustee or director | 1 | $0 | $0 |
| Montei Julia | Director Trustee or director | 1 | $0 | $0 |
| Partie Brian | Director Trustee or director | 1 | $0 | $0 |
| Hoskinson Ken | Director Trustee or director | 1 | $0 | $0 |
| Reynolds Debi | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Northrup Mary | Director Trustee or director | 1 | $0 | $0 |
| Veldkamp Tony | President Trustee or director, Officer | 3 | $0 | $0 |
| Patti Derek | Director Trustee or director | 1 | $0 | $0 |
| Piro Roger | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2320 CATTLEMEN RD, SARASOTA, FL 34232-6207
- Principal officer (990 for 2024)
- Jeff Arakelian, 2320 Cattlemen Road, Sarasota, FL 34232
- Signed the 990
- Jeff Arakelian, CEO
- Phone
- (941) 952-3400
- Website
- www.myrasm.com
- Return prepared by
- CS&L CPAS
Mission
THE MISSION OF THE REALTOR ASSOCIATION OF SARASOTA AND MANATEE IS TO ADVANCE MEMBERS' PROFESSIONALISM THROUGH DELIVERY OF EDUCATION AND RESOURCES, AND TO ADVOCATE FOR REAL ESTATE IN THE COMMUNITIES SERVED.
Program accomplishments
- Communication and education programs for members including: website, Elevate magazine, multiple topical and member segmented electronic newsletters, social media posts, and monthly real estate market statistical report and media release; and new member orientation, code of ethics, professional development, continuing education classes, commercial and international real estate education programs, and annual education conference & expo.
- Membership programs including annual meeting, Installation banquet, holiday party, general association meetings, strategic planning, commercial real estate marketplace meetings, commercial monthly meetings, community service projects, and district meetings.
- Committee programs including government affairs, real estate legal issues, professional standards and grievance, breakfast/luncheon meetings, commercial real estate, international real estate, and young professionals network.
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
- 59-0810295
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,334,516
- Income (IRS master file)
- $6,003,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,323,415 | $3,709,904 | $16,334,516 | XML |
| 990 | December 2023 | $3,980,070 | $3,477,256 | $15,862,126 | XML |
| 990 | December 2022 | $3,939,487 | $3,177,097 | $14,727,452 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 59-0810295).
Questions about REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC
- What is the EIN of REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC?
- The employer identification number (EIN) of REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC is 59-0810295.
- Is REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1969.
- Are donations to REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REALTOR ASSOCIATION OF SARASOTA AND MANATEE 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 REALTOR ASSOCIATION OF SARASOTA AND MANATEE 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 REALTOR ASSOCIATION OF SARASOTA AND MANATEE 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 REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC?
- The 990 for the year ended December 31, 2024 names Jeff Arakelian.
- Who are the officers and directors of REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 3 received compensation from the organization, the highest $238,000 (Jeff Arakelian, CEO).
- How much revenue does REALTOR ASSOCIATION OF SARASOTA AND MANATEE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,323,415, expenses of $3,709,904 and total assets of $16,334,516 at year end.
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