EIN 35-0411185

Indiana Association of REALTORS (IAR)

IRS 501(c) type
501(c)(6)
Num. employees
47
State
Year formed
1948
Most recent tax filings
2022-12-01
Description
Indiana Association of REALTORS (IAR) represents more than 18,000 REALTORS® statewide who are involved in virtually all aspects related to the sale, purchase, exchange or lease of real property in Indiana.
Total revenues
$6,742,717
2022
Total expenses
$5,548,292
2022
Total assets
$18,947,758
2022
Num. employees
47
2022

Program areas at IAR

Leadership - monies in this fund facilitate member leadership and governance. Specific expenses include, but are not limited to professional memberships, travel to and participation in national Association events, realtor of the year banquet, president's inaugural ball, fall and winter legislative conferences, leadership summits, state board of directors and executive committee meetings, local board outreach programs, strategic planning and the Indiana realtor leadership academy, a program to foster future leader development.
Legal affairs - legal affairs expenditures support the Association attorneys and staff in educating members on the laws governing the realtor profession and real estate transactions. Specifically, these expenditures produce and maintain an electronic library of legal forms available to all members to guide their clients through every type of real estate transaction and administer the legal hotline, a toll-free telephone and e-mail address by which managing brokers may seek free legal guidance. Said expenditures also promote and enforce the national realtor code of ethics through the shared professional standards enforcement program, and provide equal opportunity and housing, and risk reduction training at Association events. Association attorneys also help with courses and materials for the association-owned real estate certification program (recp). Legal affairs ensures compliance with campaign finance law, including approving Realtors political action committee (rpac) disclaimers for local boards, advising local boards on rpac and the law, providing assistance to iar staff to respond to inquiries from the Indiana election commission and the filing of the campaign finance report for rpac. Legal affairs expenditures promote and provide for legal review of all iar leases, contracts and related legal agreements and oversees the defense of iar lawsuits, claims and other legal matters. Legal affairs also administers the legal action program to help alleviate litigation costs for members and/or local associations involved in litigation. The purpose of the legal action program is to provide financial assistance to support litigation of significance to the Association, including matters relevant to the practice of real estate, the operation of real estate associations, ownership and use of real estate, and private property rights. Legal action funds are to be used exclusively to pay the legal fees, costs, and expenses incurred in connection with the litigation for which assistance is requested and provided.
Government affairs - government affairs expenditures support Association staff in promoting legislation at both the local, state and federal levels that enhance the freedom and ability of Realtors to conduct business successfully with integrity and competency. Said expenditures also provide defense against legislation harmful to Realtors and the individual right to own real property. Specific expenditures include, but are not limited to research, lobbying, Realtors political action committee solicitation, and general office supplies.
Rpac support - these funds support the Indiana Realtors political action committee (rpac) including office space and staffing.realtors defense fund - the Realtors defense fund is an ongoing coordinated set of political programs to educate members, the public, elected officials, and media. It includes grassroots and broker involvement programs, research, consumer campaigns and issue advocacy. Direct candidate support is strictly prohibited by policy. By utilizing visible, active advocacy on the value of homeownership and the challenges of the commercial market and leveraging the unique strength of our industry-grassroots capacity, the defense fund will provide regular, high-profile communication of positive solutions to real estate industry problems.data analytics- expenses support the Indiana business research center at Indiana university and the Indiana economic digest, a web-based compilation of top economic news from around the state and country that members and the public can freely search by topic, region or county. Monies in this fund also support state, regional, and local economic and community development efforts in partnership with state and regional agencies and academic institutions. Monies also support the Indiana real estate markets report and comprehensive statewide data warehouse of multiple listing service (mls) and broker listing cooperative (blc) information. Through mid-year 2022, monies also funded the statewide realist product, which provides tax and other public records data to the mlss and blcs across the state, however this program was terminated during 2022.communications - these monies support all Association communications activities through the wide variety of channels including, but not limited to, email, text club, indianarealtors.com, social media, advertising, meetings, and graphic design. Regular, periodic publication products such as inside iar, capitol & market, and managing broker advisory help to keep our members up to date on the latest issues involving the real estate industry. Education - the Association conducts education activities using a dba: real estate certification program (recp). Recp's purpose is to provide quality and accessible real estate education for real estate professionals in Indiana. Educating new brokers and keeping existing Realtors current is what we do. Recp makes it easy to begin a career in real estate by offering a prelicense course in many formats, including ondemand, virtual, live and live/online hybrid classes. The school also keeps our members current by offering the annual state-required continuing education ondemand as a no-cost member benefit. Finally, if you want to take your real estate career to the next level, recp offers training to become a managing broker, specialty designation, and certification courses.member experience - a new program addition in 2022, these monies support Association activities to deepen relationships with all members, with particular focus on managing brokers, as they provide the business structure for brokers to pursue success. An initial managing broker summit was held in 2022, with regularly scheduledmanaging broker forums planned for future years. Plans also include expansion of the existing managing broker advisory committee to develop relevant, engaging, and unique content on key issues affecting brokerages of all sizes, business models, and geographies.

Who funds Indiana Association of REALTORS (IAR)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Association of RealtorsGeneral Support$5,000

Personnel at IAR

NameTitleCompensation
Mark FisherChief Executive Officer$334,459
Kathy HarbaughChief Operating Officer$228,659
Chris WattsVice President of Public Affairs
Maggie McShaneSenior Vice President of Government Affairs$225,016
Laura SallieDirector of Professional Standards
...and 19 more key personnel

Financials for IAR

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,559
Program services$6,375,233
Investment income and dividends$289,034
Tax-exempt bond proceeds$0
Royalty revenue$10,255
Net rental income$0
Net gain from sale of non-inventory assets$22,925
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$40,711
Total revenues$6,742,717

Form 990s for IAR

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-29990View PDF
2021-122022-11-07990View PDF
2020-122021-06-30990View PDF
2019-122021-06-08990View PDF
2018-122019-10-31990View PDF
...and 8 more Form 990s
Data update history
October 2, 2024
Updated personnel
Identified 13 new personnel
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from National Association of Realtors
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 30, 2023
Updated personnel
Identified 6 new personnel
October 29, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsReal estate organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsPolitical advocacyState / local levelCommunity engagement / volunteeringRelated 527
General information
Address
143 W Market St 100
Indianapolis, IN 46204
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
indianarealtors.com/ 
Phone
(317) 913-3230
Facebook page
indianarealtors 
Twitter profile
@indianarealtors 
IRS details
EIN
35-0411185
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1948
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S47: Real Estate Organizations
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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