2015-09-09T11:24:27-05:00 2014-12-31 680037990 GILBERT ASSOCIATES INC 2880 GATEWAY OAKS DR STE 100 SACRAMENTO CA 95833 990 2014-01-01 941541266 SACRAMENTO ASSOCIATION OF REALTORS INC SACR 9169227711 2003 HOWE AVENUE SACRAMENTO CA 95825 DAVID TANNER CHIEF EXECUTIVE OFFICER 9169227711 2015-08-18 1 DARLA A COLSON P00027123 9166466464 2014 2016-02-25 16:41:14Z DAVID TANNER 2003 HOWE AVENUE SACRAMENTO CA 95825 3060216 0 X WWW.SACREALTOR.ORG X 1956 CA REAL ESTATE ASSOCIATION 18 18 33 200 0 0 1528 14513 1921890 2085957 55398 144388 161326 196357 2140142 2441215 24701 9620 0 0 1476894 1487167 0 0 0 993135 1140066 2494730 2636853 -354588 -195638 9415429 9452823 795457 714029 8619972 8738794 X THE MISSION OF THE SACRAMENTO ASSOCIATION OF REALTORS, INC., IS TO ENHANCE THE ABILITY OF ITS MEMBERS TO PRACTICE THEIR PROFESSION ETHICALLY AND EFFECTIVELY, TO SERVE THE COMMUNITY AND TO PROTECT PRIVATE PROPERTY RIGHTS. 0 0 EDUCATION IS ALWAYS A HIGH PRIORITY FOR THE ASSOCIATION. A WIDE RANGE OF COURSES WERE OFFERED TO KEEP MEMBERS UP-TO-DATE ON ALL FACETS OF REAL ESTATE AND PROVIDING THE BEST REPRESENTATION FOR THEIR CLIENTS. CHANGES TO CALIFORNIA REAL ESTATE LAW; SAFETY ON-LINE AND IN PERSON FOR REALTORS AND THEIR CLIENTS; THE LATEST IN TECHNOLOGY AND SOCIAL MEDIA; AND ASPECTS OF A CHANGING REAL ESTATE MARKET ARE BUT A FEW EXAMPLES. THE COMMERCIAL DIVISION HELD AN ECONOMIC FORECAST THAT HIGHLIGHTED COMING CHANGES TO THE COMMERCIAL SECTOR AND EVENTUALLY RESIDENTIAL HOUSING. THE ASSOCIATION EDUCATED MEMBERS ON MANY WAYS TO IMPROVE AIR QUALITY, CONSERVE ENERGY AND HELP THEIR CLIENTS CONSERVE ENERGY AND IMPROVE THE HOUSING STOCK. WORKING WITH THE SACRAMENTO METROPOLITAN AIR QUALITY DISTRICT, REBUILDING TOGETHER, AND HABITAT FOR HUMANITY; SAR CONTINUED ITS PROGRAM TO CONSERVE ENERGY AND WATER USE AND IMPROVE LIVABILITY AND AFFORDABILITY IN LOW-INCOME, OWNER-OCCUPIED HOMES. THE SAR RETAIL CENTER PROMOTES A VARIETY OF ENERGY-SAVING LIGHT BULBS AND FIXTURES. THE ASSOCIATION CONTINUED TO PROMOTE ETHICS AND PROFESSIONAL STANDARDS TO MEMBERS. SERVICES OFFERED INCLUDE OMBUDSMEN, MEDIATION, AND ARBITRATION FOR THE PROTECTION OF THE PUBLIC AS WELL AS MEMBERS. IN THE INTEREST OF REPRESENTING A DIVERSE MEMBERSHIP IN A HIGHLY DIVERSE AREA, THE ASSOCIATION REACHED OUT TO A VARIETY OF ETHNIC COMMUNITIES, WHICH INCLUDED REPRESENTATIVES OF A NUMBER OF ETHNIC CHAMBERS, THE HUMAN RIGHTS/FAIR HOUSING COMMISSION AND OTHER GROUPS; AND BY PARTICIPATING IN LITTLE SAIGON FESTIVAL PARADE, THE BLACK EXPO AND THE HMONG NEW YEAR CELEBRATION. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 10 0 1 33 1 0 0 0 0 1 1 0 X 18 18 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X CHRISTOPHER LY 9169227711 2003 HOWE AVENUE SACRAMENTO CA 95825 CHRISTOPHER LITTLE IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 PAULA SWAYNE PRESIDENT 10.00 2.00 X X 0 0 0 RON GREENWOOD PRESIDENT ELECT 4.00 X X 0 0 0 FRANCO GARCIA SECRETARY-TREASURER 2.00 X X 0 0 0 KATHIE BELL DIRECTOR 2.00 X 0 0 0 PRESTON COLLIER DIRECTOR 2.00 X 0 0 0 JUDY COVINGTON DIRECTOR 2.00 X 0 0 0 SUE GALSTER DIRECTOR 2.00 X 0 0 0 JESSICA LOMBARDO DIRECTOR 2.00 X 0 0 0 BRIAN MCMARTIN DIRECTOR 2.00 X 0 0 0 CHIP O'NEILL DIRECTOR 2.00 X 0 0 0 DENIECE ROSS-FRANCOM DIRECTOR 2.00 X 0 0 0 ANTHONY SCOTCH DIRECTOR 2.00 X 0 0 0 ERIN STUMPF DIRECTOR 2.00 X 0 0 0 KELLIE SWAYNE DIRECTOR 2.00 X 0 0 0 TONG VEU DIRECTOR 2.00 X 0 0 0 LINDA WOOD DIRECTOR 2.00 X 0 0 0 JACI WALLACE DIRECTOR 2.00 X 0 0 0 DAVID TANNER CHIEF EXECUTIVE OFFICER 30.00 10.00 X 155000 0 11349 155000 0 11349 1 0 1 0 0 14513 14513 MEMBERSHIP DUES 900099 1354387 1354387 METROLIST 900099 450000 450000 EDUCATION FEES 900099 171259 171259 SPONSORSHIPS 900099 83315 83315 MASTERS CLUB 900099 26996 26996 2085957 145187 145187 91044 26520 64524 64524 64524 392108 392907 -799 -799 -799 294440 199574 94866 94866 ADMINISTRATIVE FEES 900099 18053 18053 MISCELLANEOUS INCOME 900099 10489 10489 PROFESSIONAL STANDARDS 900099 8425 8425 36967 2441215 2217790 0 208912 9620 166349 1017754 51661 147588 103815 56370 27600 5400 4487 67299 11908 185042 148773 29346 347570 112117 39606 EDUC & PROF DEVELOPMENT 104548 2636853 118395 89853 3414354 3452458 34679 38200 113723 88346 74869 73225 3412378 2522043 871170 890335 2825637 2999707 1515322 1734434 447280 86265 9415429 9452823 386483 321731 408974 392298 795457 714029 X 8619972 8738794 8619972 8738794 9415429 9452823 X -195638 37848 276612 X X 0 1 X 1 0 0 0 0 1354387 5400 5400 6772 -1372 266116 266116 1431020 1431020 0 1048927 631825 417102 512971 419641 93330 153344 39557 113787 890335 INVESTMENT IN METROLIST 1734434 F 1734434 X 2882107 37848 181437 219285 2662822 4487 -226094 -221607 2441215 3116740 484374 484374 2632366 4487 4487 2636853 PART X, LINE 2: THE ASSOCIATION HAS APPLIED THE AMENDED ACCOUNTING PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SAR CHARITABLE FOUNDATION REVENUE 181,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT EXPENSE OF BOOKSTORE SALES -199,574. DIRECT RENTAL EXPENSE -26,520. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSE OF BOOKSTORE SALES 199,574. DIRECT RENTAL EXPENSE 26,520. DEPRECIATION DIFFERENCE ON BUILDING 40,886. SAR CHARITABLE FOUNDATION EXPENSES 217,394. X X X X 0 0 0 DAVID TANNER CHIEF EXECUTIVE OFFICER 155000 0 0 0 0 0 9424 0 1925 0 166349 0 0 0 METROLIST INC THREE BOARD MEMBERS IN COMMON 450000 SAR PERFORMED SUBSCRIBER SERVICES FOR METROLIST, INC. 0 FORM 990, PART VI, SECTION A, LINE 2 LINDA WOOD, DENIECE ROSS-FRANCOM AND JUDY COVINGTON ARE DIRECTORS OF THE ORGANIZATION, AND ARE ALSO ON THE BOARD FOR METROLIST. SAR RECEIVED $450,000 FROM METROLIST FOR SUBSCRIBER SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE SEVEN CLASSES OF MEMBERSHIP: REALTOR MEMBERS, SENIOR MEMBERS, INSTITUTE AFFILIATE MEMBERS, COMPANY AFFILIATE MEMBERS, INDIVIDUAL AFFILIATE MEMBERS, HONORARY MEMBERS AND STUDENT MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A REALTOR MEMBERS AND SENIOR MEMBERS HAVE THE RIGHT TO ANNUALLY VOTE FOR DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ELECTION TO THE BOARD OF DIRECTORS AND AMENDMENTS TO THE BYLAWS REQUIRE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS WILL REVIEW THE ENTIRE DRAFT FORM 990 PRIOR TO IRS FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REMINDED AT THE COMMENCEMENT OF ALL MEETINGS OF THEIR DUTY TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A OFFICERS OF THE ASSOCIATION (PRESIDENT, PRESIDENT-ELECT, SECRETARY/TREASURER, PAST PRESIDENT) REVIEW STATEWIDE COMPENSATION AND REVIEW PERFORMANCE OF THE CEO BEFORE HIS/HER COMPENSATION IS ADJUSTED. COMPARABLE COMPENSATION IS CONSIDERED FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. DECISIONS REGARDING COMPENSATION ARRANGEMENTS ARE DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN IN 2014. THE ORGANIZATION HAD NO KEY EMPLOYEES DURING THE CURRENT YEAR AND OFFICERS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE ASSOCIATION'S ACTIVE MEMBERSHIP UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN INCOME OF METROLIST SERVICES, INC. INVESTMENT 276,612. FORM 990, PART XII, LINE 2C NEITHER THE PROCESS FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT OR THE PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT CHANGED FROM THE PRIOR YEAR. SACRAMENTO ASSOCIATION OF REALTORS SCHOLARSHIP TRUST 2003 HOWE AVENUE SACRAMENTO CA 95825 946129111 EDUCATIONAL SCHOLARSHIPS CA 501(C)(3) PRIVATE FOUNDATION N/A 0 SACRAMENTO ASSOCIATION OF REALTORS CHARITABLE FOUNDATION INC 2003 HOWE AVENUE SACRAMENTO CA 95825 300691274 GRANTS TO CHARITABLE ORGANIZATIONS CA 501(C)(3) LINE 7 SACRAMENTO ASSOCIATION OF REALTORS INC 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 SAR CHARITABLE FOUNDATION B 1000 CASH GRANT AMOUNT