2019-05-13T13:09:37-05:00 2018-12-31 131610809 FRIEDMAN LLP 100 EAGLE ROCK AVENUE SUITE 200 EAST HANOVER NJ 07936 990 2018-01-01 221151210 NEW JERSEY ASSOCIATION OF REALTORS NEWJ 7324945616 10 HAMILTON AVENUE TRENTON NJ 08611 JARROD GRASSO CHIEF EXECUTIVE OFFICER 7324945616 2019-05-13 1 SCOTT KRIEGER P00358640 9739293500 2019-05-13 216.255.121.30 2019-05-13 13:09:34 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1921933AAE1BE499B68918EF3DC27174E7BA713B 2018 2019-02-21 02:37:17Z NEW JERSEY REALTORS 10 HAMILTON AVENUE TRENTON NJ 08611 8144680 0 X WWW.NJREALTOR.COM X 1918 NJ TO SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP IN CONCERT WITH LOCAL BOARDS & THE NATIONAL ASSOCIATION. 50 50 27 301 103919 2120 0 0 7473292 7924213 76547 220467 0 0 7549839 8144680 40157 59050 0 0 2538057 2322935 0 0 0 3852948 3894825 6431162 6276810 1118677 1867870 25122346 26980076 2674647 2664507 22447699 24315569 TO UNITE LOCAL BOARDS & ASSOCIATIONS OF REALTORS IN THE STATE OF NJ FOR THE PURPOSE OF EXERTING EFFECTIVELY A COMBINED INFLUENCE UPON MATTERS AFFTECTING 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 94 0 27 1 1 1 0 0 0 0 0 0 0 X 50 50 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NJ ASSOCIATION OF REALTORS 6093417117 10 HAMILTON AVENUE TRENTON NJ 08611 ROBERT OPPENHEIMER IMMEDIATE PAST PRESIDENT 5.00 X X 0 0 0 CHRISTIAN J SCHLUETER PRESIDENT 5.00 X X 0 0 0 IRENE HOROWITZ PRESIDENT ELECT 5.00 X X 0 0 0 ANGELA SICOLI FIRST VICE PRESIDENT 5.00 X X 0 0 0 NICK MANIS TREASURER 5.00 X X 0 0 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 35.00 X 308503 0 71684 MAUREEN MURPHY DIR. OF PROFESSIONAL DEVEL 35.00 X 141908 0 26107 MARTHA CHANESE CHIEF OPERATIONS OFFICER 35.00 X 199210 0 52742 TERESA TILTON DIR. OF MEMBER SERVICES 35.00 X 106694 0 21881 DOUGLAS TOMSON DIR. OF GOVERNMENT AFFAIRS 35.00 X 161631 0 28474 917946 0 200888 5 0 1 0 ZIPLOGIX 18070 15 MILE ROAD FRASER MI 48026 TRANSACTION MANAGEMENT 276450 GREENBAUM ROWE & SMITH 75 LIVINGSTON AVENUE 301 ROSELAND NJ 07068 LEGAL SERVICES 110020 2 DUES 541900 5793826 5793826 CONVENTION 611430 1388620 1388620 SERVICE FEES 541900 438315 438315 SUBSCRIPTIONS 541900 267432 163513 103919 MISCELLANEOUS 900099 31685 31685 4335 4335 7924213 220467 220467 8144680 7820294 103919 220467 59050 308503 1497829 147838 237607 131158 50391 38700 111556 215745 299240 227260 172282 154470 340963 70515 348905 58666 TRIPLE PLAY CONVENTION 1168764 OTHER PROGRAM EXPENSES 472911 CREDIT CARD FEES 123225 TELEPHONE 35352 5880 6276810 1862930 1987015 11855489 15145935 137629 51491 118498 98525 10298906 886972 9665800 9411934 1482000 200000 0 85176 25122346 26980076 730140 905417 1810657 1759090 133850 2674647 2664507 X 22447699 24315569 22447699 24315569 25122346 26980076 1867870 0 X X 1 X 0 1 0 0 0 0 5793826 485916 485916 498981 -13065 0 1 X 302900 302900 9202612 656708 8545904 755894 230264 525630 37500 37500 9411934 PART IV, LINE 2B: PURSUANT TO THE NATIONAL ASSOCIATION OF REALTORS CODE OF ETHICS AND ARBITRATION MANUAL, SECTION 53 (F) : THE AWARD. "IF AN AWARD HAS BEEN RENDERED, THE NON-PREVAILING PARTY MUST, WITHIN TEN (10) DAYS FOLLOWING TRANSMITTAL OF THE AWARD, EITHER (1) PAY THE AWARD TO THE PARTY(IES) NAMED IN THE AWARD OR (2) DEPOSIT THE FUNDS WITH THE PROFESSIONAL STANDARDS ADMINISTRATOR TO BE HELD IN AN ESCROW OR TRUST ACCOUNT MAINTAINED FOR THIS PURPOSE. FAILURE TO SATISFY THE AWARD OR TO DEPOSIT THE FUNDS IN THE ESCROW ACCOUNT OR TRUST ACCOUNT WITHIN THIS TIME PERIOD MAY SUBJECT THE MEMBER TO DISCIPLINARY ACTION AT THE DISCRETION OF THE BOARD OF DIRECTORS. AS A MEMBER SERVICE TO OUR LOCAL BOARDS, THE NEW JERSEY REALTORS SET UP ONE ESCROW ACCOUNT FOR USE BY THE BOARDS BUT MANAGED BY THE NEW JERSEY REALTORS. 1 REALTORS RELIEF FOUNDATION 430 NORTH MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)(3) 25000 GENERAL CALIFORNIA COMMUNITY FOUNDATION 221 SOUTH FIGEROA ST SUITE 400 LOS ANGELES CA 90012 933510055 501(C)(3) 25000 GENERAL X X 1 1 X X X X X 0 1 0 JARROD GRASSO CHIEF EXECUTIVE OFFICER 308503 0 0 0 0 0 47020 0 24664 0 380187 0 0 0 MAUREEN MURPHY DIR. OF PROFESSIONAL DEVEL 141908 0 0 0 0 0 17029 0 9078 0 168015 0 0 0 MARTHA CHANESE CHIEF OPERATIONS OFFICER 199210 0 0 0 0 0 34505 0 18237 0 251952 0 0 0 DOUGLAS TOMSON DIR. OF GOVERNMENT AFFAIRS 161631 0 0 0 0 0 19396 0 9078 0 190105 0 0 0 PART I, LINE 1A THE CEO'S WIFE OCCASSIONALLY TRAVELS TO PROVIDE ASSISTANCE TO THE CEO, LEADERSHIP AND MEMBERS AT RELATED CONFERENCES AND MEETINGS. SHE IS NOT COMPENSATED FOR HER TIME. CLUB DUES OF $14,205 WERE ACCRUED TO THE EAGLE OAKS COUNTRY CLUB FOR THE CEO IN 2018. MAINTAINING A MEMBERSHIP AT THE CLUB IS A MEANS OF ASSURING THAT NJAR'S MEMBERS REMAIN AN INTEGRAL PART OF THE NJ PROFESSIONAL REALTORS COMMUNITY. THE CLUB IS USED AS A VENUE FOR HOSTING REALTOR MEMBER FUNCTIONS AND FOSTERING RELATIONSHIPS WITHIN THE INDUSTRY. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MODIFIED ARTICLE V BOARD OF DIRECTORS, OF THE BY-LAWS ON JANUARY 31, 2018 AS FOLLOWS: 1. THE COMPOSITION OF THE BOARD WAS REVISED TO INCLUDE: THE EXECUTIVE COMMITTEE MEMBERS; TWO MEMBERS FROM EACH LOCAL BOARD; FIVE DIVISION OFFICERS; FOUR ADDITIONAL PAST PRESIDENTS; THE NAR REGION 2 REGIONAL VICE PRESIDENT; 2. INCREASED THE QUORUM FROM 25% TO 50% OF QUALIFIED MEMBERS OF THE BOARD OF DIRECTORS; 3. DEFINED PRESENCE/PARTICIPATION IN A MEETING OF THE BOARD OF DIRECTORS TO INCLUDE PARTICIPATION VIA PHONE OR VIDEO. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A MEMBERSHIP ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION MEMBERS HOLD AN ANNUAL ELECTION TO ELECT THE LEADERSHIP TEAM. 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 AND IS THEN MADE AVAILABLE TO THE LEADERSHIP TEAM OF OFFICERS FOR REVIEW 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 INTEREST POLICY IS REVIEWED. ALL COMMITTEES REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE PERFORMANCE REVIEW COMMITTEE IS RESPONSIBLE FOR THE CHIEF EXECUTIVE OFFICER'S (CEO) EMPLOYMENT CONTRACT. THE ASSOCIATION PURCHASES THE ASSOCIATION TRENDS COMPENSATION REPORT TO USE IN THE EVALUATION OF THE CEO'S COMPENSATION AND ALSO REVIEW SIMILAR ASSOCIATION'S FORM 990 POSTED ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENTS ARE AVAILABLE THROUGH GOOGLE DRIVE. FORM 990, PART XII, LINE 2C: THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. FERGUSON GARDEN STATE GROWTH ZONE DEVELOPMENT LLC 200 AMERCIAN METRO BLVD HAMILTON NJ 08619 474589991 REDEVELOPMENT NJ 304500 9403277 NEW JERSEY ASSOCIATION OF REALTORS NJAR HOUSING OPPORTUNITY FOUNDATION 10 HAMILTON AVENUE TRENTON NJ 08611 810636974 PROMOTE INDIVIDUAL HOME OWNERSHIP THROUGH EDUCATION & SUPPORT SERVICES NJ 501(C)(3) 509(A)(2) 0 REALTORS POLITICAL ACTION COMMITTEE 10 HAMILTON AVENUE TRENTON NJ 08611 236234937 SOLICIT VOLUNTARY CONTRIBUTIONS FOR SUPPORT OF CANDIDATES FOR PUBLIC OFFICE NJ 527 0 NJAR EDUCATIONAL FOUNDATION 10 HAMILTON AVENUE TRENTON NJ 08611 237063186 PROMOTION AND KNOWLEDGE IN R/E THROUGH EDUCATIONAL ASSISTANCE FOR STUDENTS NJ 501(C)(3) 509(A)(2) 0 NEW JERSEY COALITION FOR REAL ESTATE 10 HAMILTON AVENUE TRENTON NJ 08611 465735375 PROMOTE JOB GROWTH WITHIN THE REAL ESTATE INDUSTRY AND STRENGTHEN ECONOMICS NJ 527 0 NEW JERSEY REALTORS ISSUES MOBILIZATION FUND 10 HAMILTON AVENUE TRENTON NJ 08611 475504196 EDUCATE COMMUNITY ABOUT REAL ESTATE ISSUES NJ 501(C)(4) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NJAR HOUSING OPPORTUNITY FOUNDATION INC L 15000 REALTORS POLITICAL ACTION COMMITTEE L 45000 NEW JERSEY REALTORS ISSUES MOBILIZATION FUND L 65000 NJAR EDUCATIONAL FOUNDATION L 10000 NEW JERSEY COALITION FOR REAL ESTATE L 30000