2022-05-12T10:38:11-05:00 2021-12-31 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2021-01-01 221151210 NEW JERSEY ASSOCIATION OF REALTORS NEWJ 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 JARROD GRASSO CHIEF EXECUTIVE OFFICER 6093417100 2022-05-12 1 JARROD GRASSO 999009999 LOVEPREET BUTTAR CPA P01329403 6096899700 2022-05-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NEW JERSEY REALTORS JARROD GRASSO 10 HAMILTON AVENUE TRENTON NJ 08611 9549302 0 X WWW.NJREALTOR.COM X 1918 NJ TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION. 46 46 22 308 169874 0 0 0 7014478 9510062 209858 10571 11609 26720 7235945 9547353 51650 116300 0 0 2766602 2888668 0 0 0 2561913 4115762 5380165 7120730 1855780 2426623 31398592 35262029 3144614 4581428 28253978 30680601 TO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFECTING REAL ESTATE, & TO ELEVATE THE STANDARDS OF THE REAL ESTATE BUSINESS THROUGHOUT THE STATE. 0 0 THE ASSOCIATION PROVIDES SERVICES THAT EXPAND MEMBERS' GROWTH AND SUCCESS; ADVOCACY- PROTECTING MEMBERS' LIVELIHOOD AND PROPERTY RIGHTS; PROFESSIONAL DEVELOPMENT AND TRAINING; RECOGNITION OF OUTSTANDING ACHIEVEMENT; PROFESSIONAL STANDARDS. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 72 0 22 1 1 1 0 0 0 0 0 0 0 X 46 46 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MARTHA CHANESE 6093417100 10 HAMILTON AVENUE TRENTON NJ 08611 JEFFREY JONES PRESIDENT 5.00 X X 0 0 0 ROBERT WHITE PRESIDENT ELECT 5.00 X X 0 0 0 NICK MANIS FIRST VICE PRESIDENT 5.00 X X 0 0 0 KATHLEEN MORIN TREASURER 5.00 X X 0 0 0 ANGELA SICOLI IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 GENE AMSEL MEMBER 0.20 X 0 0 0 VALERIE ARCH BELARDO MEMBER 0.20 X 0 0 0 CHRISTOPHER BEZAIRE MEMBER 0.20 X 0 0 0 COLLEEN CAMILLO MEMBER 0.20 X 0 0 0 LORRAINE COLAVITO MEMBER 0.20 X 0 0 0 MARY DAVIS MEMBER 0.20 X 0 0 0 ALAN DECHART MEMBER 0.20 X 0 0 0 LARRY DEPALMA MEMBER 0.20 X 0 0 0 ANGELA DESCH MEMBER 0.20 X 0 0 0 VALERIE DICKSON MEMBER 0.20 X 0 0 0 WILLIAM FLAGG MEMBER 0.20 X 0 0 0 YESENIA FRIAS MEMBER 0.20 X 0 0 0 SANDRA GARDNER MEMBER 0.20 X 0 0 0 TG GLAZER MEMBER 0.20 X 0 0 0 FELIX GRECO MEMBER 0.20 X 0 0 0 TERRY HAULLER MEMBER 0.20 X 0 0 0 WILLIAM HANLEY MEMBER 0.20 X 0 0 0 CYNDA HOLLENBAUGH MEMBER 0.20 X 0 0 0 ILENE HOROWITZ MEMBER 0.20 X X 0 0 0 RANDY KETIVE MEMBER 0.20 X 0 0 0 C JOHN KRUK MEMBER 0.20 X 0 0 0 GENE KRUTYANSKY MEMBER 0.20 X 0 0 0 SUSAN LARUE MEMBER 0.20 X 0 0 0 RACHEL MAMMELE MEMBER 0.20 X 0 0 0 MARY ANN MASON MEMBER 0.20 X 0 0 0 ALIREZA MEMAR MEMBER 0.20 X 0 0 0 GLORIA MONKS MEMBER 0.20 X 0 0 0 MARY NUZIALE MEMBER 0.20 X 0 0 0 SHAWN O'BRIEN MEMBER 0.20 X 0 0 0 JOSEPH ORAZI MEMBER 0.20 X 0 0 0 JOSEPH PINO MEMBER 0.20 X 0 0 0 MARGARET READ MEMBER 0.20 X 0 0 0 JAIRO RODRIGUEZ MEMBER 0.20 X 0 0 0 ANNETTE RUBIN MEMBER 0.20 X 0 0 0 GLORIA SICILIANO MEMBER 0.20 X 0 0 0 WENDY SMITH MEMBER 0.20 X 0 0 0 DIANE STREICHERT MEMBER 0.20 X 0 0 0 GIOVANNA VANVALKENBURG MEMBER 0.20 X 0 0 0 JEANNINE WESCOAT MEMBER 0.20 X 0 0 0 PAMELA WILLARD MEMBER 0.20 X 0 0 0 RONALD WOODS MEMBER 0.20 X 0 0 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00 X 398863 0 80207 MARTHA CHANESE CHIEF OPERATING OFFICER 35.00 X 250500 0 44584 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNMENT 35.00 X 189799 0 31777 MAUREEN MURPHY VICE PRESIDENT OF PROFESSIONAL DEVELOPMENT 35.00 X 175946 0 33211 COLLEEN OLIVER NJR PUBLIC RELATIONS 35.00 X 131058 0 26799 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 35.00 X 131127 0 27537 MARY PILAAR DIRECTOR OF MEMBERSHIP OUT 35.00 X 116608 0 25708 TERESA TILTON DIRECTOR OF PROFESSIONAL S 35.00 X 114051 0 24105 1507952 0 293928 8 0 1 0 GREENBAUM ROWE SMITH AND DAVIS LLP PO BOX 5600 WOODBRIDGE NJ 07095 LEGAL SERVICES 333241 GOODWAY GROUP INC LOCKBOX 826955 PHILADELPHIA PA 19182 DIGITAL MARKETING 288740 LONE WOLF REAL ESTAE TECHNOLOGIES INC 717 N HARWOOD STREET DALLAS TX 75201 TECHNOLOGY SERVICES 252739 MOSAIC 4801 VIEWPOINT PLACE CHEVERLY MD 20781 PRINTING & MAILING SERVICES 174660 4 DUES 541900 6950544 6950544 CONVENTION INCOME TRIP 541900 1170185 1170185 SERVICE FEES AND ASSES 541900 1018851 1018851 SUBSCRIPTIONS 541900 185158 185158 ADVERTISING 541800 169874 169874 15450 15450 9510062 12520 12520 1949 -1949 -1949 -1949 MISCELLANEOUS INCOME 900099 26720 26720 26720 9547353 9366908 169874 10571 116300 646528 6718 1556076 193563 210839 274944 258075 28850 131559 326715 110535 83112 180722 392900 665290 432451 79489 FORMS EXPENSE 313882 NJ REALTORS MAGAZINE 278103 BANK AND CREDIT CARD FE 271770 SPEAKERS AND WORKSHOP 270912 291397 7120730 1698490 1917553 20393711 24161866 21362 323035 128190 63548 10905665 2109638 9156839 8796027 31398592 35262029 510040 1351423 2634574 3230005 3144614 4581428 X 28253978 30680601 28253978 30680601 31398592 35262029 2426623 0 X X 1 X 0 0 0 0 0 0 6950544 400040 400040 1056000 -655960 PART I-A, LINE 1 - DESCRIPTION OF POLITICAL ACTIVITIES A PORTION OF DUES WAS EARMARKED FOR NEW JERSEY COALITION OF REAL ESTATE (NJCORE) AND WERE DESIGNATED AS NON-DEDUCTIBLE. THE FUNDS WERE RECEIVED AND DIRECTLY DELIVERED TO NJCORE, A TAX-EXEMPT SECTION 527 POLITICAL ORGANIZATION. 302900 302900 9832833 1580516 8252317 769932 529122 240810 8796027 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT, WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)(3) 110000 0 REBUILD COMMUNITIES AFFECTED BY DISASTERS 1 PART I, LINE 2: GRANTS ARE MADE TO ORGANIZATIONS TO SUPPORT THEIR VARIOUS EXEMPT ACTIVITIES. ANY FUNDS DONATED FOR SPECIFIC PROJECTS ARE MONITORED ON AN AS NEEDED BASIS TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED PURPOSE. X 1 1 X X X X X 0 1 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 394863 0 4000 0 0 0 34800 0 45407 0 479070 0 0 0 MARTHA CHANESE CHIEF OPERATING OFFICER 246500 0 4000 0 0 0 28786 0 15798 0 295084 0 0 0 DOUGLAS TOMSON VICE PRESIDENT OF GOVERNMENT 189799 0 0 0 0 0 21268 0 10509 0 221576 0 0 0 MAUREEN MURPHY VICE PRESIDENT OF PROFESSIONAL DEVEL 175946 0 0 0 0 0 20606 0 12605 0 209157 0 0 0 WILLIAM THOMPSON DIRECTOR OF TECHNOLOGY 131127 0 0 0 0 0 13823 0 13714 0 158664 0 0 0 COLLEEN OLIVER NJR PUBLIC RELATIONS 131058 0 0 0 0 0 14627 0 12172 0 157857 0 0 0 PART I, LINE 1A THE CEO'S WIFE OCCASIONALLY TRAVELS TO PROVIDE ASSISTANCE TO THE CEO, LEADERSHIP AND MEMBERS AT RELATED CONFERENCES AND MEETINGS. SHE IS NOT COMPENSATED FOR HER TIME. THIS COMPENSATION WAS NOT TREATED AS TAXABLE COMPENSATION TO THE CEO. PART I, LINE 4B THE ASSOCIATION SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(B) AND 457(F) OF THE INTERNAL REVENUE CODE TO BENEFIT THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER. ANNUAL DISCRETIONARY CONTRIBUTIONS UP TO $10,000 FOR THE CEO AND $5,000 FOR THE COO ARE PERMITTED EACH PLAN YEAR THE OFFICERS ARE EMPLOYED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF OPERATIONS OFFICER OF THE ORGANIZATION. IT IS THEN MADE AVAILABLE TO THE ELECTED OFFICERS FOR REVIEW GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION ELECTS A NEW LEADERSHIP TEAM ON AN ANNUAL BASIS. IN JANUARY, AT THE EXECUTIVE COMMITTEE MEETING AND THE BOARD OF DIRECTOR MEETING, THE CONFLICT OF POLICY INTEREST POLICY IS REVIEWED AND CONFLICTS ARE DISCUSSED AT THE BEGINNING OF EACH MEETING. ANY CONFLICTS ARE ASKED TO BE DISCLOSED AT THAT TIME. THIS SAME PROCEDURE IS FOLLOWED BY ALL COMMITTEES AND THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BEFORE EACH MEETING. MEMBERS WITH A CONFLICT OF INTEREST PERTAINING TO A BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES, MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THAT BUSINESS. FURTHERMORE, NO MEMBER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE PROCESS TO ESTABLISH THE CEO'S COMPENSATION AND EMPLOYMENT CONTRACT. NEW JERSEY REALTORS PERFORMS A COMPENSATION STUDY ON A PERIODIC BASIS AND ALSO BENCHMARKS AGAINST OTHER SIMILAR ORGANIZATIONS SUCH AS THE NATIONAL ASSOCIATION OF REALTORS. THE ASSOCIATION ALSO REVIEWS SIMILAR ASSOCIATION'S FORM 990 POSTED ON GUIDESTAR IN THE EVALUATION OF THE CEO'S COMPENSATION. THE PROCESS WAS DOCUMENTED AND LAST UNDERTAKEN IN 2019 FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENT ARE AVAILABLE THROUGH ITS WEBSITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLC 200 AMERICAN METRO BLVD HAMILTON NJ 08619 474589991 REAL ESTATE REDEVELOPMENT NJ 304500 8835509 NEW JERSEY ASSOCIATION OF REALTORS