2020-10-27T15:46:09-05:00 2019-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2019-01-01 590859806 ORLANDO REGIONAL REALTOR ASSOCIATION INC ORLA 4075137554 1330 LEE ROAD ORLANDO FL 32810 ROBERT MUSZYNSKI VICE PRESIDENT OF FINANCE 4075137554 2020-10-15 1 AMY CHAPMAN P00843460 4078021200 2020-10-12 67.137.57.251 2020-10-15 10:44:15 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C9E5EFC444F94EF5D1CB4AFD80C337CE16910289 2019 2021-04-22 16:20:28Z CLIFTON LONG 1330 LEE ROAD ORLANDO FL 32810 21320725 0 X WWW.ORLANDOREALTORS.ORG X 1962 FL CREATE AN ENVIRONMENT THAT ELEVATES THE PROFESSIONALISM AND EXPERIENCE OF REALTORS. 18 18 44 18 104448 -28584 0 0 6524667 6621779 907025 1672218 85025 225634 7516717 8519631 250 82803 1986 2324 3033508 3512163 0 0 0 2908951 4046046 5944695 7643336 1572022 876295 25065570 28991484 4222062 5030506 20843508 23960978 X THE CORE PURPOSE OF THE ORLANDO REGIONAL REALTOR ASSOCIATION IS TO HELP OUR MEMBERS ADHERE TO THE ETHICAL AND PROFESSIONAL STANDARDS RATIFIED BY THE NATIONAL ASSOCIATION OF REALTORS AND TO HELP OUR MEMBERS IN THEIR PROFESSIONAL SUCCESS. 0 0 EDUCATION AND PROFESSIONAL DEVELOPMENT - OUR MEMBER'S PROFESSIONAL SUCCESS IS ONE OF THE CORE ESSENTIALS OF OUR ORGANIZATION'S MISSION AND ON THAT DIRECTION, OUR ASSOCIATION PROVIDES A YEAR- ROUND DIVERSITY OF EDUCATIONAL PROGRAMS ABOUT RISK MANAGEMENT (IDENTIFY AND MANAGE THE RISKS ASSOCIATED WITH DOING BUSINESS), FAIR HOUSING (A GUIDE TO ENSURING THAT BROKERAGES, AGENTS, AND CLIENTS ADHERE YEAR- ROUND TO THE LAWS OF FAIR HOUSING, PROTECTING CONSUMERS OF UNLAWFUL PRACTICE), REALTOR SAFETY TIPS FOR ENSURING SAFETY FOR OUR MEMBERS AND THEIR CLIENTS, DESIGNATION PROGRAMS (TO INCREASE THE SKILLS, PRODUCTIVITY, AND KNOWLEDGE OF OUR REALTOR MEMBERS), AND LICENSING AND CEU'S (FLORIDA'S LICENSING REQUIREMENTS FOR REAL ESTATE). THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE PUBLIC AWARENESS CAMPAIGN IS FUNDED BY A $25 PER MEMBER ANNUAL ASSESSMENT THAT IS COLLECTED WITH DUES; NEW MEMBERS ARE ALSO ASSESSED $25 WITH THEIR INITIAL DUES PAYMENT. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS. MEMBER SERVICES - SERVING APPROXIMATELY 16,000 REALTOR MEMBERS, OUR ASSOCIATION STRIVES TO BE THE COLLECTIVE LOCAL FORCE INFLUENCING AND SHAPING THE REAL ESTATE INDUSTRY. IT SEEKS TO BE THE LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY; THE ACKNOWLEDGED LEADER IN DEVELOPING STANDARDS FOR EFFICIENT, EFFECTIVE, AND ETHICAL REAL ESTATE PRACTICES; AND VALUED BY HIGHLY SKILLED REAL ESTATE PROFESSIONALS AND VIEWED BY THEM AS CRUCIAL TO THEIR SUCCESS. OUR ASSOCIATION IS WORKING ON BEHALF OF THE GREATER ORLANDO'S PROPERTY OWNERS. THE ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 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 1 1 0 0 1 59 0 44 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X ROBERT MUSZYNSKI 4075137554 1330 LEE ROAD ORLANDO FL 32810 JEFF FAGAN PRESIDENT 20.00 4.00 X X 0 0 0 LOU NIMKOFF IMMEDIATE PAST PRESIDENT 8.00 4.00 X X 0 0 0 REESE STEWART PRESIDENT-ELECT 16.00 4.00 X X 0 0 0 NATALIE ARROWSMITH TREASURER 8.00 X X 0 0 0 TANSEY SODERSTROM SECRETARY 4.00 4.00 X X 0 0 0 DALLAS ACKLEY DIRECTOR 4.00 X 0 0 0 GRETCHEN DEMPS SIMMONS DIRECTOR 4.00 X 0 0 0 KATHERINE FIGUEROA SANTIAGO DIRECTOR 4.00 X 0 0 0 CHRISTIAN BOHYN DIRECTOR 4.00 X 0 0 0 JULIANA BOSELLI NEVES DIRECTOR 4.00 X 0 0 0 ROSE KEMP DIRECTOR 4.00 X 0 0 0 LISA HILL DIRECTOR 4.00 4.00 X 0 0 0 MIKE MCGRAW DIRECTOR 4.00 X 0 0 0 CAT BROWER DIRECTOR 4.00 X 0 0 0 VANESSA PIERCE DIRECTOR 4.00 X 0 0 0 RIGO RODRIGUEZ DIRECTOR 4.00 X 0 0 0 DAN LOPEZ DIRECTOR 4.00 X 0 0 0 CLEBERTO COPETTI DIRECTOR 4.00 X 0 0 0 CLIFFORD LONG CHIEF EXECUTIVE OFFICER 40.00 8.00 X 321326 0 15000 EILEEN ELLIOTT VP OF GOVERNMENT AFFAIRS 40.00 16.00 X 122531 0 10000 ROBERT MUSZYNSKI VICE PRESIDENT OF FINANCE 40.00 4.00 X 102788 0 10000 AMANDA ORNELAS CHIEF OPERATING OFFICER 40.00 1.00 X 122738 0 10000 MARY KAY BRICKEY VP OF POLICY 40.00 4.00 X 105532 0 10000 LAURA HAAG VP OF MARKETING 40.00 4.00 X 122088 0 10000 897003 0 65000 6 0 1 0 PARADISE AD & MARKETING 150 SECOND AVE N STE 800 ST PETERSBURG FL 33701 MARKETING SERVICES 560099 HOLLAND & KNIGHT PO BOX 864084 ORLANDO FL 32886 LEGAL SERVICES 184498 2 MEMBER SERVICES 541990 3658832 3658832 DUES AND ASSESSMENTS 812900 2858499 2858499 ADVERTISING INCOME 511120 104448 104448 6621779 406346 406346 650 650 13994663 30188 12758979 0 1235684 30188 1265872 1265872 228443 42115 186328 186328 OTHER INCOME 541990 38656 38656 38656 8519631 224984 104448 8190199 82803 2324 2798364 137367 379035 197397 202224 39423 73036 228903 762655 490195 255707 215665 1300761 174363 10009 GOVERNMENT AFFAIRS 118908 TRAINING EXPENSE 110108 COMMUNITY PARTNERING EX 61589 MISC EXPENSES 2500 7643336 2115027 1493149 282676 79131 214776 235627 11170 28449 279081 325708 3788863 1862491 1913418 1926372 16240603 10388624 3613484 4435802 4258 4258 391077 10074364 25065570 28991484 641619 759180 3530128 4119050 50315 152276 4222062 5030506 X 20843508 23960978 20843508 23960978 25065570 28991484 X 876295 1096583 1144592 X 0 1 X 1 0 0 0 1 2701059 79276 60229 139505 60024 73000 6481 600000 600000 1791671 859939 931732 1379548 984908 394640 17644 17644 0 1926372 4435802 F 4435802 DUE FROM RELATED PARTIES 9683287 BUILDING LOTS AND CONSTRUCTION COSTS 391077 10074364 COLLECTIONS HELD FOR OTHERS 152276 152276 X 10729885 1096583 1144592 2241175 8488710 73036 -42115 30921 8519631 7612415 42115 42115 7570300 73036 73036 7643336 PART X, LINE 2: ORRA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)6 OF THE INTERNAL REVENUE CODE (IRC) AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE IRC AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE EARNINGS OF ORREN AND ORRA'S UNRELATED BUSINESS INCOME ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR EXPECTED FUTURE INCOME TAX CONSEQUENCES OF EVENTS THAT HAVE BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS METHOD, DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL CARRYING AMOUNTS AND THE TAX BASES OF ASSETS AND LIABILITIES USING ENACTED TAX RATES IN EFFECT IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO REVERSE. ORRA AND ITS SUBSIDIARIES IDENTIFY AND EVALUATE UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZE THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELYTHAN- NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNCERTAIN TAX POSITION AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. ORRA AND ITS SUBSIDIARIES HAVE NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITION. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, ORRA AND ITS SUBSIDIARIES WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY INCOME IN MFRMLS AND ORRA SGS 1,144,592. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD OFFSET SALES OF INVENTORY -42,115. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD OFFSET SALES OF INVENTORY 42,115. 0 ORLANDO REGIONAL REALTOR FOUNDATION INC 1330 LEE ROAD ORLANDO FL 32810 201544138 501C(3) 82803 TO PROVIDE SUPPORT TO THE FOUNDATION 1 X X X X 1 1 X X X X X 0 0 0 CLIFFORD LONG CHIEF EXECUTIVE OFFICER 286326 0 35000 0 0 0 0 0 15000 0 336326 0 0 0 PART I, LINE 1A CLIFFORD LONG, CHIEF EXECUTIVE OFFICER, WAS PAID $180 AS A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS. CITRUS CLUB FEES AMOUNTED TO $2,378 IN 2019. JEFF FAGAN, PRESIDENT WAS REIMBURSED $2,500 FOR BUSINESS-RELATED EXPENSES. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS DO NOT HAVE ANY MATERIAL DIFFERENCES IN VOTING RIGHTS. THERE IS AN EXECUTIVE COMMITEE, WHICH DOES HAVE THE RIGHT TO ACT IN A CRITICAL SITUATION IN BETWEEN THE BOARD OF DIRECTORS' MEETINGS. EVEN IN THAT CASE, THEY WOULD STILL LIKELY DO AN EMAIL VOTE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION EXECUTIVE AND THE VICE PRESIDENT OF FINANCE ARE RESPONSIBLE FOR THE REVIEW OF FORM 990. FORM 990 IS AVAILABLE TO THE GOVERNING BOARD AS PER THEIR REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. NEW BOARD MEMBERS COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ORIENTATION. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE BOARD PRESIDENT AND CHIEF EXECUTIVE OFFICER. ANY BOARD MEMBER HAVING A POSSIBLE OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE ON THE MATTER, AND SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE SAME PROCESS APPLIES TO KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS' BUSINESS PRACTICE IS TO APPOINT A SEARCH COMMITTEE FOR THE SEARCH AND SELECTION OF THE CHIEF EXECUTIVE OFFICER. THE SEARCH COMMITTEE (7 MEMBERS) HAS THE AUTHORITY OF HIRING A CONSULTANT TO ASSIST THE COMMITTEE IN THE SEARCH. THE CONSULTANT AND THE MEMBERS OF THE SEARCH COMMITTEE ARE FULLY INDEPENDENT AND CONFLICTS OF INTEREST ARE NOT ALLOWED. THE SEARCH COMMITEE'S WORK IS OVERVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS AND THEY CANNOT PROCEED WITHOUT THE BOARD OF DIRECTORS REVIEWING ALL THE CANDIDATES AND INFORMATION AND APPROVING THEIR RECOMMENDATION. THE ORGANIZATION ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ACCORDING TO A WRITTERN CONTRACT, WHICH IS RATIFIED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT PERFORMS A SALARY SURVEY EACH YEAR, UTILIZING COMPARABILITY SURVEYS AND/OR OTHER WAGE RESEARCH, AND PAYSCALE IS ADJUSTED ACCORDINGLY FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY INCOME FROM MFRMLS AND ORRA SGS 1,144,592. ORRA PARTNERS LLC 1330 LEE ROAD ORLANDO FL 32810 843815309 HOLD AND MANAGE RENTAL PROPERTY FL 5846 2542672 ORLANDO REGIONAL REALTOR ORRA VENTURES LLC 1330 LEE ROAD ORLANDO FL 32810 843844207 HOLD AND MANAGE PROPERTY FL -12510 7062683 ORLANDO REGIONAL REALTOR FLORIDA ASSOCIATION MANAGEMENT LLC 1330 LEE ROAD ORLANDO FL 32810 843933663 ASSOCIATION MANAGMENT SERVICES FL 3433 4169 ORLANDO REGIONAL REALTOR ORLANDO REGIONAL REALTOR FOUNDATION INC 1330 LEE ROAD ORLANDO FL 32810 201544138 PROVIDING AFFORDABLE HOUSING TO ENHANCE THE QUALITY OF LIFE IN CENTRAL FL FL 501(C)(3) LINE 7 ORLANDO REGIONAL REALTOR ASSOCIATION 1 ORLANDO REGIONAL REAL ESTATE NETWORK 1330 LEE ROAD ORLANDO FL 32810 593753044 PROFESSIONAL SERVICES FL ORLANDO REGIONAL REALTOR C 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 ORLANDO REGIONAL REALTOR FOUNDATION INC L 41361 ESTIMATE ORLANDO REGIONAL REALTOR FOUNDATION INC B 82803 FMV