2016-11-14T15:00:10-06:00 2015-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX ST SUITE 400 ALEXANDRIA VA 22314 990 2015-01-01 540486410 NORTHERN VIRGINIA ASSOCIATION OF REALTORS INC NORT 7032073200 8407 PENNELL STREET FAIRFAX VA 22031 RYAN TCONRAD CHIEF EXECUTIVE OFFICER 7032073200 2016-11-08 1 ANDREW YOUNG CPA P01203950 7035351200 2015 2017-02-10 21:41:12Z RYAN TCONRAD 8407 PENNELL STREET FAIRFAX VA 22031 8416041 0 X WWW.NVAR.COM X 1930 VA TO PROMOTE THE PROFESSIONALISM OF MEMBERS THROUGH EDUCATION, TOOLS AND RESOURCES TO HELP ELEVATE THEIR BUSINESS AND ENSURE THAT REALTOR ETHICS AND PROPERTY RIGHTS ARE PROTECTED THROUGH INSPIRATIONAL LEADERSHIP. 16 15 54 250 121849 0 0 9500 5020815 5133530 1238300 1133507 389927 384169 6649042 6660706 53560 77098 0 0 3630494 4000274 0 0 0 3164217 3021061 6848271 7098433 -199229 -437727 16711831 16103751 3494622 3464100 13217209 12639651 TO PROMOTE THE PROFESSIONALISM OF MEMBERS THROUGH EDUCATION, TOOLS AND RESOURCES TO HELP ELEVATE THEIR BUSINESS AND ENSURE THAT REALTOR ETHICS AND PROPERTY RIGHTS ARE PROTECTED THROUGH INSPIRATIONAL LEADERSHIP. 0 0 THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS (NVAR) EDUCATIONAL PROGRAM SERVICE ACHIEVES THE ASSOCIATION'S PURPOSE OF PROVIDING CURRENT AND PROSPECTIVE REAL ESTATE PROFESSIONALS WITH THE KNOWLEDGE NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA AND, BY OFFERING CONTINUING EDUCATION CLASSES, ASSIST MEMBERS IN MEETING THEIR STATE LICENSING REQUIREMENTS. THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF DISSEMINATING INFORMATION TO THE MEMBERSHIP AND GENERAL PUBLIC. THIS INFORMATION ASSISTS IN PROVIDING VITAL INFORMATION REGARDING THE REAL ESTATE MARKET, REGULATORY AND LEGAL ISSUES AFFECTING REAL ESTATE AND THE REAL ESTATE PROFESSION IN NORTHERN VIRGINIA. THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS ACHIEVES THE ASSOCIATION'S GOAL OF PROVIDING MEMBERS THE PRODUCTS AND TOOLS NECESSARY TO CONDUCT REAL ESTATE ACTIVITIES IN NORTHERN VIRGINIA. 0 1 0 1 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 1 17 0 1 54 1 1 1 0 0 0 1 1 0 X 16 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JAMES H FOSTER CPA CMA CFO 7032073200 8407 PENNELL STREET FAIRFAX VA 22031 MARIO BAYAT CHAIRPERSON 10.00 X X 0 0 0 VIRGIL FRIZZELL CHAIRPERSON-ELECT 2.00 X X 0 0 0 SUZANNE GRANOSKI SECRETARY/TREASURER 2.00 X X 0 0 0 MARIO RUBIO IMMEDIATE PAST CHAIRPERSON 2.00 X X 0 0 0 BOB ADAMSON DIRECTOR 1.00 X 0 0 0 LORRAINE ARORA DIRECTOR 1.00 X 0 0 0 TOM BELLANCA DIRECTOR 1.00 X 0 0 0 BRIAN BLOCK DIRECTOR 1.00 X 0 0 0 TRACY COMSTOCK DIRECTOR 1.00 X 6050 0 0 REGGIE COPELAND DIRECTOR 1.00 X 0 0 0 NICHOLAS LAGOS DIRECTOR 1.00 X 0 0 0 GARY LANGE DIRECTOR 1.00 X 0 0 0 CRAIG LILLY DIRECTOR 1.00 X 0 0 0 CHRISTINE RICHARDSON DIRECTOR 1.00 X 0 0 0 VERONICA SEVA-GONZALEZ DIRECTOR 1.00 X 0 0 0 KATIE WETHMAN DIRECTOR 1.00 X 0 0 0 CHRISTINE M TODD CHIEF EXECUTIVE OFFICER 50.00 X 731865 0 64912 RYAN T CONRAD CHIEF EXECUTIVE OFFICER (EFF 10/2015) 50.00 X 104218 0 6740 ELIZABETH COYA SR VP OF GOVERNMENT AFFAIRS 50.00 X 217651 0 23093 FRANK DOYLE CHIEF OPERATING OFFICER 50.00 X 175798 0 12830 JAMES FOSTER CHIEF FINANCIAL OFFICER 50.00 X 173469 0 12718 SARAH LOUPPE PETCHER GENERAL COUNSEL 50.00 X 187689 0 16837 ERICK CAMPOS CONTROLLER 50.00 X 100554 0 12331 BRENDA HEFFERNAN VICE PRESIDENT, EDUCATION 50.00 X 100162 0 6637 JILL LANDSMAN VICE PRESIDENT, COMMUNICATION 50.00 X 133323 0 11180 1930779 0 167278 9 0 1 0 BRIT HERNDON SQUARE LLC 5410 EDSON LANE SUITE 200 ROCKVILLE MD 20852 RENT OF OFFICE SPACE 217272 INSTANET SOLUTIONS 204-205 OXFORD STREET EAST LONDON ONTARIO CA N6A 5G6 TRANSACTION MANAGEMENT SOFTWARE 142636 CYBERVILLAGE NETWORKERS INC 7773 BLUEBERRY HILL ELLICOTT CITY MD 21043 COMPUTER SERVICES 114629 COMPUTER WORD PROCESSING SYSTEMS INC 14120-A SULLYFIELD CIRCLE CHANTILLY VA 20151 COMPUTER SERVICES 111060 4 9500 9500 MEMBERSHIP DUES 900099 3464863 3464863 LOCKBOX SERVICE REVENUE 900099 718715 718715 EDUCATION REVENUE 611600 399593 399593 EVENTS & MEETINGS 900099 252224 252224 MEMBERSHIP FEES 900099 221890 221890 76245 75897 348 5133530 1202171 1202171 89792 89792 50984 0 50984 50984 50984 1247679 1240680 75663 6999 -75663 -68664 -68664 563852 438992 124860 121892 2968 ADVERTISING 541800 118533 118533 118533 6660706 5255074 121849 1274283 77098 1727820 1675485 96209 279262 221498 320 25943 18805 19739 235073 63910 597521 619380 89349 342462 656722 12583 MISCELLANEOUS 181187 BANK FEES AND CREDIT CA 126884 BUSINESS TAXES 30183 BAD DEBT 1000 7098433 658126 671968 2735173 3291789 76575 58097 0 48199 0 0 0 0 93960 94066 160433 121057 12343061 3431234 9444428 8911827 1914646 1981741 1322089 842305 306401 82702 16711831 16103751 482142 571143 2525093 2610202 487387 282755 3494622 3464100 X 13217209 12639651 13217209 12639651 16711831 16103751 -437727 -139831 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 3331764 20438 20438 62726 -42288 0 320000 187830 20000 487830 725483 405483 320000 547730 204447 26694 725483 555000 145000 152270 547730 603000 18000 66000 555000 1.00000 0 0 1959903 1959903 7982104 1969923 6012181 222816 179246 43570 1701592 870541 831051 476646 411524 65122 8911827 CERTIFICATES OF DEPOSIT 674434 C INVESTMENT IN MRIS SHARES 162071 C INVESTMENT IN REGIONAL LOCKBOX CONSORTIUM 5800 C 842305 REFUNDABLE DEPOSITS 9765 DEFERRED COMPENSATION 64409 POST-RETIREMENT BENEFITS 208581 282755 X PART V, LINE 4: THE ASSOCIATION'S BOARD-DESIGNATED FUNDS ARE RESERVED AS PART OF ITS INTERNAL BUILDING AND CAPITAL BUDGET RESERVE. PART X, LINE 2: MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 ASIAN-AMERICAN HOMEOWNERSHIP COUNSELING INC 12320 PARKLAWN DRIVE 239 ROCKVILLE MD 20852 272195936 501(C)(3) 2500 12248 FMV RENTAL SPACE TO CONDUCT COUNSELING SERVICES GENERAL SUPPORT UNITED COMMUNITY MINISTRIES 7511 FORDSON ROAD ALEXANDRIA VA 22306 540850780 501(C)(3) 15500 FMV N/A GENERAL SUPPORT NORTHERN VIRGINIA TRANSPORTATION ALLIANCE PO BOX 6149 MCLEAN VA 22106 541417974 501(C)(3) 20000 FMV N/A GENERAL SUPPORT HOUSING AND COMMUNITY SERVICES OF NORTHERN VIRGINIA 7426 ALBAN STATION ROAD SUITE B 208 208 SPRINGFIELD VA 22150 541711347 501(C)(3) 5500 FMV N/A GENERAL SUPPORT PART I, LINE 2: DONATIONS ARE GIVEN TO PUBLIC CHARITIES FOR THEIR GENERAL EXPENSES. NO ACCOUNTING IS REQUESTED FOR THE USE OF THE FUNDS. X X 1 1 X X X X X 0 1 0 CHRISTINE M TODD CHIEF EXECUTIVE OFFICER 355648 0 115983 0 260234 0 31250 0 33662 0 796777 0 0 0 ELIZABETH COYA SR VP OF GOVERNMENT AFFAIRS 190040 0 14615 0 12996 0 10217 0 12876 0 240744 0 0 0 FRANK DOYLE CHIEF OPERATING OFFICER 163106 0 12692 0 0 0 8888 0 3942 0 188628 0 0 0 JAMES FOSTER CHIEF FINANCIAL OFFICER 158085 0 12308 0 3076 0 8786 0 3932 0 186187 0 0 0 SARAH LOUPPE PETCHER GENERAL COUNSEL 173843 0 13846 0 0 0 9684 0 7154 0 204527 0 0 0 PART I, LINE 1A CHRISTINE M. TODD - IN 2015, A CAR ALLOWANCE OF $16,985 WAS INCLUDED IN HER WAGES AS TAXABLE COMPENSATION. ELIZABETH COYA - IN 2015, A CAR ALLOWANCE OF $12,000 AND HEALTH CLUB DUES OF $996 WERE INCLUDED IN HER WAGES AS TAXABLE COMPENSATION. PART I, LINE 4B CHIRSTINE M. TODD, THE ASSOCIATION'S CHIEF EXECUTIVE OFFICER PARTICIPATES IN A 457(B) DEFERRED COMPENSATION PLAN. RYAN T CONRAD CEO OF THE ORGANIZATION ASSIST IN PURCHASE OF HOME X 50000 48199 0 1 1 48199 METROPOLITAN REGIONAL INFORMATION SYSTEMS INC THE ASSOCIATION HOLDS A MINORITY STOCK OWNERSHIP IN MRIS, INC. 1116424 DIVIDEND 1 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: ADDITIONALLY, CHRISTINE M. TODD, THE CHIEF EXECUTIVE OFFICER OF THE ASSOCIATION, ALSO SERVED AS A DIRECTOR ON MRIS, INC.'S BOARD OF DIRECTORS, ITS GOVERNING BODY IN 2015. FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUALS INTERESTED IN BECOMING A MEMBER NEED TO SUBMIT AN APPLICATION TO THE BOARD OF DIRECTORS OF THE ASSOCIATION. PROVISIONAL MEMBERSHIP IS PROVIDED IF; 1) ALL DUES AND APPLICATION FEES HAVE BEEN REMITTED; 2) THE REALTOR MEMBER VERIFIES HE/SHE IS ACTIVELY ENGAGED IN THE REAL ESTATE PROFESSION; 3) THE MEMBER MAINTAINS A CURRENT, VALID REAL ESTATE LICENSE; 4) THERE IS NO RECORD OF RECENT/PENDING BANKRUPTCY (WITHIN THE LAST THREE YEARS); 5) THERE IS NO RECORD OF OFFICIAL SANCTIONS INVOLVING UNPROFESSIONAL CONDUCT; AND 6) THE MEMBER AGREES TO COMPLETE A COURSE OF INSTRUCTION COVERING THE BYLAWS AND RULES OF THE ASSOCIATION AS WELL AS THE STATE AND NATIONAL ASSOCIATIONS. FULL MEMBERSHIP IS NOT GRANTED UNTIL THE APPLICATION IS APPROVED BY THE BOARD OF DIRECTORS AT A SCHEDULED MEETING. RIGHTS OF REALTOR MEMBERS INCLUDE: 1) THE RIGHT TO VOTE AND HOLD ELECTED OFFICE WITHIN THE ASSOCIATION; 2) PAY MEMBER RATES FOR ASSOCIATION SERVICES (LOCKBOX SERVICE, REALTOR STORE AND EDUCATIONAL OFFERING AND EVENTS); 3) SERVE ON COMMITTEES. THE OTHER CLASSES OF MEMBERS ARE: AFFILIATE MEMBERS, INSTITUTE AFFILIATE MEMBERS, PUBLIC SERVICE MEMBERS, HONORARY MEMBERS AND STUDENT MEMBERS. AFFILIATE MEMBERS, INSTITUTE AFFILIATE MEMBERS, PUBLIC SERVICE MEMBERS AND STUDENT MEMBERS HAVE ALL RIGHTS OF REALTOR MEMBERS EXCEPT THE RIGHT TO VOTE AND HOLD ELECTED OFFICE. FORM 990, PART VI, SECTION A, LINE 7A THE NORTHERN VIRGINIA ASSOCIATION OF REALTORS HAS ANNUAL ELECTIONS FOR OPEN POSITIONS ON THE BOARD OF DIRECTORS. ALL REALTOR MEMBERS, INCLUDING HONORARY MEMBERS, ARE ALLOWED TO VOTE. THESE ARE TWO-YEAR BOARD POSITIONS. THE CHAIRPERSON-ELECT ANNUALLY APPOINTS THREE (3) REALTORS TO SERVE ON THE BOARD FOR A ONE-YEAR TERM. OFFICERS OF THE ASSOCIATION (CHAIRPERSON, CHAIRPERSON-ELECT AND SECRETARY/TREASURER) ARE NOMINATED BY MEMBERS OF THE BOARD OF DIRECTORS AND ELECTED BY THE BOARD. AN OFFICER OF THE ASSOCIATION NEEDS TO BE A CURRENT MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE BY-LAWS OF THE ASSOCIATION ARE SUBJECT TO APPROVAL BY MEMBERS OF THE ASSOCIATION. ONLY REALTOR MEMBERS IN GOOD STANDING HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED, PRIOR TO FILING, WITH THE BOARD OF DIRECTORS. THE REVIEW WAS CONDUCTED BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER DURING A REGULARLY SCHEDULED BOARD MEETING. IN ADDITION, THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEWED THE FORM WITH THE OFFICERS OF THE ASSOCIATION (CHAIRPERSON, CHAIRPERSON-ELECT, SECRETARY/TREASURER AND IMMEDIATE PAST CHAIRPERSON) IN A SEPARATE MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, ANY MEMBER OF A STANDING COMMITTEE, AD HOC COMMITTEE OR TASK FORCE APPOINTED BY THE BOARD OR CHAIRPERSON HAS TO SIGN A "CONFLICT OF INTEREST" POLICY AT THE BEGINNING OF THE SERVICE YEAR. THE POLICY DEFINES CONFLICTS AND IMPOSES AN ONGOING DUTY TO THESE MEMBERS TO DISCLOSE, AT THE OUTSET OF A DISCUSSION, ANY INTERESTS THEY MAY HAVE. SUCH MEMBERS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THE BUSINESS AND MAY NOT VOTE ON ANY MATTER IN WHICH A MEMBER HAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER (CEO) IS SET BY THE BOARD OF DIRECTORS. THE OFFICERS OF THE ASSOCIATION MEET AND NEGOTIATE THE SALARY AND BENEFITS TO BE INCLUDED IN THE CEO'S EMPLOYMENT CONTRACT. THE FULL BOARD OF DIRECTORS VOTES ON THE EMPLOYMENT CONTRACT. FACTORS USED TO DETERMINE THE COMPENSATION INCLUDE: 1) A REVIEW OF THE CEO'S ABILITY TO MEET GOALS AND EXPECTATIONS ESTABLISHED BY THE BOARD; AND 2) A REVIEW OF GUIDELINES ESTABLISHED FOR ASSOCIATIONS BASED ON GEOPGRAPHIC LOCATION, SIZE AND SCOPE OF ACTIVITIES OF THE ASSOCIATION. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CEO IN AUGUST 2015. KEY EMPLOYEE'S COMPENSATION IS APPROVED BY THE CHIEF EXECUTIVE OFFICER BASED ON GUIDELINES ESTABLISHED BY THE BOARD DURING THE ANNUAL BUDGET PROCESS. KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 18 THE FORMS ARE MADE AVAILABLE FOR REVIEW EITHER BY REQUESTING A COPY OR REVIEWING IN OUR OFFICE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS (I.E. BY-LAWS) ARE AVAILABLE FOR REVIEW EITHER BY REQUESTING A COPY OR REVIEWING IN OUR OFFICE. CURRENTLY, THE CONFLICT OF INTEREST POLICY IS NOT OPEN FOR INSPECTION. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHERN VIRGINIA ASSOCIATION OF REALTORS PAC 8407 PENNELL STREET FAIRFAX VA 22031 541982495 POLITICAL ACTION COMMITTEE VA 527 N/A NORTHERN VIRGINIA ASSOCIATION OF REALTORS INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 NORTHERN VIRGINIA ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE B 4000 FMV NORTHERN VIRGINIA ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE Q 2751 FMV NORTHERN VIRGINIA ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE R 62662 FMV