Civic Intelligence

Seattle-King County Association

EIN 91-0403475 • 501(c)6 • Bellevue, WA

Profile

To unite the real estate industry through education and research, to unite those engaged in the real estate business and to promote and protect the interest of its members and of others engaged in real estate transactions and management. To provide education facilities in real estate for its members and when practicable for others.

12410 SE 32nd Street 100Bellevue, WA 98005

www.nwrealtor.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.72x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

10th percentile

-12%

Higher net margin than 10% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$298,816

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 13.5% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

17th percentile

-4.8%

Faster asset growth than 17% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-2.8%

Faster revenue growth than 22% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,666,751

Down $286,469 (-4.8%) from 2023

Liabilities

Down

$1,591,229

Down $134,102 (-7.8%) from 2023

Net Assets

Down

$4,075,522

Down $152,367 (-3.6%) from 2023

Revenue

Down

$2,216,595

Down $63,044 (-2.8%) from 2023

Expenses

Up

$2,492,181

Up $132,660 (+5.6%) from 2023

Net Income

Down

-$275,586

Down $195,704 (-245%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,833,217Liabilities 2011: $2,553,112Net Assets 2011: $2,280,1052011Assets 2012: $4,824,542Liabilities 2012: $2,726,941Net Assets 2012: $2,097,6012012Assets 2013: $5,077,274Liabilities 2013: $2,854,290Net Assets 2013: $2,222,9842013Assets 2014: $5,122,542Liabilities 2014: $2,819,899Net Assets 2014: $2,302,6432014Assets 2015: $5,292,249Liabilities 2015: $2,833,195Net Assets 2015: $2,459,0542015Assets 2016: $5,526,936Liabilities 2016: $2,794,594Net Assets 2016: $2,732,3422016Assets 2017: $6,126,588Liabilities 2017: $3,135,720Net Assets 2017: $2,990,8682017Assets 2018: $6,072,415Liabilities 2018: $2,699,237Net Assets 2018: $3,373,1782018Assets 2019: $6,092,994Liabilities 2019: $2,410,870Net Assets 2019: $3,682,1242019Assets 2020: $6,390,802Liabilities 2020: $2,327,153Net Assets 2020: $4,063,6492020Assets 2021: $6,650,634Liabilities 2021: $2,422,068Net Assets 2021: $4,228,5662021Assets 2022: $6,161,587Liabilities 2022: $1,880,072Net Assets 2022: $4,281,5152022Assets 2023: $5,953,220Liabilities 2023: $1,725,331Net Assets 2023: $4,227,8892023Assets 2024: $5,666,751Liabilities 2024: $1,591,229Net Assets 2024: $4,075,5222024

Highlighted filing

2024

Assets$5,666,751
Liabilities$1,591,229
Net Assets$4,075,522

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,691,3942011Revenue 2012: $1,485,393Expenses 2012: $1,655,981Net Income 2012: -$170,5882012Revenue 2013: $1,854,659Expenses 2013: $1,717,473Net Income 2013: $137,1862013Revenue 2014: $1,856,331Expenses 2014: $1,770,816Net Income 2014: $85,5152014Revenue 2015: $2,023,848Expenses 2015: $1,869,086Net Income 2015: $154,7622015Revenue 2016: $2,138,238Expenses 2016: $1,867,707Net Income 2016: $270,5312016Revenue 2017: $2,220,687Expenses 2017: $1,957,223Net Income 2017: $263,4642017Revenue 2018: $2,365,723Expenses 2018: $1,980,308Net Income 2018: $385,4152018Revenue 2019: $2,347,500Expenses 2019: $2,053,195Net Income 2019: $294,3052019Revenue 2020: $2,113,393Expenses 2020: $1,731,868Net Income 2020: $381,5252020Revenue 2021: $2,261,145Expenses 2021: $2,079,202Net Income 2021: $181,9432021Revenue 2022: $2,341,639Expenses 2022: $2,262,679Net Income 2022: $78,9602022Revenue 2023: $2,279,639Expenses 2023: $2,359,521Net Income 2023: -$79,8822023Revenue 2024: $2,216,595Expenses 2024: $2,492,181Net Income 2024: -$275,5862024

Highlighted filing

2024

Revenue$2,216,595
Expenses$2,492,181
Net Income-$275,586

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$1.59$4.08$2.22$2.49$0.28
2023Summary only. Only limited summary data is available for this year.$5.95$1.73$4.23$2.28$2.36$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$1.88$4.28$2.34$2.26$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$2.42$4.23$2.26$2.08$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$2.33$4.06$2.11$1.73$0.38
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.09$2.41$3.68$2.35$2.05$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$2.70$3.37$2.37$1.98$0.39
2017Summary only. Only limited summary data is available for this year.$6.13$3.14$2.99$2.22$1.96$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$2.79$2.73$2.14$1.87$0.27
2015Detailed filing. Detailed filing data is available for this year.$5.29$2.83$2.46$2.02$1.87$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.12$2.82$2.30$1.86$1.77$0.09
2013Detailed filing. Detailed filing data is available for this year.$5.08$2.85$2.22$1.85$1.72$0.14
2012Summary only. Only limited summary data is available for this year.$4.82$2.73$2.10$1.49$1.66$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.83$2.55$2.28$1.69
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 25, 2025
Return Version
2024v5.2
Gross Receipts
$2,737,586
Mission and Program Overview

Mission

To unite the real estate industry through education and research, to unite those engaged in the real estate business and to promote and protect the interest of its members and of others engaged in real estate transactions and management. To provide education facilities in real estate for its members and when practicable for others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,244,024$3,337,866▲ $93,842
Savings and Temporary Cash Investments$1,847,734$1,735,689▼ $112,045
Cash and Non-Interest-Bearing Accounts$846,060$562,165▼ $283,895
Prepaid Expenses and Deferred Charges$15,402$31,031▲ $15,629
Total Assets$5,953,220$5,666,751▼ $286,469
Liabilities
Mortgage Notes Payable Secured by Investment Property$853,367$788,695▼ $64,672
Deferred Revenue$630,139$627,793▼ $2,346
Accounts Payable and Accrued Expenses$120,611$99,792▼ $20,819
Other Liabilities$121,214$74,949▼ $46,265
Total Liabilities$1,725,331$1,591,229▼ $134,102
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,227,889$4,075,522▼ $152,367
Total Net Assets Fund Balance$4,227,889$4,075,522▼ $152,367
Total Liabilities and Net Assets / Fund Balance$5,953,220$5,666,751▼ $286,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$917,019$907,660$1,824,679
Leasehold Improvements$848,636$768,278$1,616,914
Land$1,572,211-$1,572,211
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Russell HokansonCEOFT$258,765$40,051$298,816
Scott ParsonsDirector of FinanceFT$146,800$22,670$169,470
Taylor ShanamanDirector of Gov AffairsFT$140,608$22,184$162,792
Marie HanschDirector Bus PracticeFT$106,825$18,603$125,428
Michael OrbinoPresident-$12,000-$12,000
Garrett NelsonPresident Elect-$6,000-$6,000
SHARON O'MAHONYPast President-$6,000-$6,000

Board Members and Trustees

NameTitle
Lysa GriffithAffiliate Director
Deidre HicksDirector at Large
Joe BaumanDirector at Large
Kathryn FreitasDirector at Large
Marissa BeachDirector at Large
Merna ElaggarDirector at Large
Mikaela JiDirector at Large
Samantha EnosDirector at Large
Tami TateDirector at Large
Stephanie MccarthyEast Regional Director
Sydnie TaylorIndependent Brokerage Director
Scott DickinsonNorth Regional Director
Jennifer Gilbert-smithSouth Regional Director
Chelsea HalversonYpn Director
Cheyenne GilloolyVP Business Practices
Gina MadeyaVP Gov. & Public Affairs
Dan WingardVP Member Services
Sol VillarrealVP-elect Gov. & Public Aff

Highest Paid Contractors

ContractorServicesLocationCompensation
Bannecker & AssociatesHousing SpecialistPO BOX 15520, Seattle, WA 98115$201,919
Erwin Pace JrHousing Specialist29839 154TH AVE SE, Kent, WA 98042$133,090
Revenue and Support

Revenue Composition

Contributions and Grants
$1,427,378
Program Service Revenue
$731,610
Investment Income
$89,712
Other Revenue
$-32,105
Change in Net Assets
$-275,586

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,216,595
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$367,210
Total Revenue per Audited Statements
$2,583,805
Total Revenue per Form 990
$2,216,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,230,168
Other Expenses$1,226,734
Grants and Similar Amounts Paid$35,279
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$556,420
Fees for Services Other---$497,445
Current Officers, Directors, Trustees, and Key Employees---$492,287
Travel---$102,968
Occupancy---$86,018
Payroll Taxes---$75,481
Other Employee Benefits---$61,407
Depreciation Depletion---$60,101
Pension Plan Contributions---$44,573
Other Expenses---$43,803
Grants to Domestic Orgs---$35,279
Information Technology---$34,503
Fees for Services Accounting---$26,383
Fees for Services Lobbying---$25,011
Office Expenses---$16,214
Interest---$10,018
Fees for Services Legal---$5,085
Advertising---$4,286
Total Functional Expenses$0$0$0$2,492,181

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,736,172
Expenses per Audited Statements$2,492,181
Total Expenses per Form 990$2,492,181
Expenses Not Reported on Form 990$243,991
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Realtor Relief FoundationChicago, IL501(c)(3)Program Support$20,000
Humble DesignIssaquah, WA501(c)(3)Proceeds From Affiliate Committee Golf Tournament$12,315
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$15,011
Total Nondeductible Lobbying and Political Cost$15,011
Political Expenditures$10,000
Total Exempt Function Spending$10,000
Section 527 Activity Spending$0

Section 527 Organizations

OrganizationLocationAmount
91-1238340Olympia, WA$10,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Dues Collected for Affiliated Organization$74,949
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The association has members that pay dues as realtors licensees and have equal voting rights.

Form 990, Part VI, Section A, Line 7A

The members can vote on all board of director candidates.

Form 990, Part VI, Section A, Line 7B

Members are required to ratify any changes to the association's bylaws that are adopted by the board of directors.

Form 990, Part VI, Section B, Line 11B

The elected officers of the association shall review the annual 990 tax forms with the ceo and the director of finance before the forms are signed and filed with the irs. The officers shall report to the board of directors at its next regular meeting that they have completed the review.

Form 990, Part VI, Section B, Line 12C

Once a year, bod members must sign a letter disclosing any conflict of interest involving personal financial interest or having related parties with financial interest in their dealings with the association.

Form 990, Part VI, Section B, Line 15A

The board of directors approves the contract for the ceo, which was last performed in october 2023.

Form 990, Part VI, Section C, Line 19

The association's governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Seattle-king County Association of
EIN
91-0403475
Phone
4259741011
Address
12410 SE 32ND STREET 100, BELLEVUE, WA 98005

Signing Officer

Name
Russell Hokanson
Title
CEO
Phone
4259741011
Signed
2025-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Hokanson
Formed
1908
Legal Domicile
Wa
Voting Board Members
21
Independent Board Members
18
Employees
9
Volunteers
50

Preparer

Firm
Greenwood Ohlund Ps
Address
4241 21ST AVE W SUITE 400, SEATTLE, WA 98199
Preparer
Eric L Kimpton
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees and services 162,436. Housing specialist 335,009.

FORM 990, PART XI, LINE 9:

Net assets transferred from kittitas county realtors merger: 103,920.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses to 990, page 9, part viii, line 6b: 243,991. Kittitas county realtors transfer to 990, page 12, part xi, line 9: 103,920.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses to 990, page 9, part viii, line 6b: 243,991.

Raw XML AppendixShowing 400 of 624 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO UNITE THE REAL ESTATE INDUSTRY THROUGH EDUCATION AND RESEARCH, TO UNITE THOSE ENGAGED IN THE REAL ESTATE BUSINESS AND TO PROMOTE AND PROTECT THE INTEREST OF ITS MEMBERS AND OF OTHERS ENGAGED IN REAL ESTATE TRANSACTIONS AND MANAGEMENT. TO PROVIDE EDUCATION FACILITIES IN REAL ESTATE FOR ITS MEMBERS AND WHEN PRACTICABLE FOR OTHERS.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2222170
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IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL ORBINO
IRS990/Form990PartVIISectionAGrp/PersonNm2GARRETT NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm3GINA MADEYA
IRS990/Form990PartVIISectionAGrp/PersonNm4SOL VILLARREAL
IRS990/Form990PartVIISectionAGrp/PersonNm5CHEYENNE GILLOOLY
IRS990/Form990PartVIISectionAGrp/PersonNm6DAN WINGARD
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT DICKINSON
IRS990/Form990PartVIISectionAGrp/PersonNm8JENNIFER GILBERT-SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm9STEPHANIE MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm10SYDNIE TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm11LYSA GRIFFITH
IRS990/Form990PartVIISectionAGrp/PersonNm12CHELSEA HALVERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm14MARISSA BEACH
IRS990/Form990PartVIISectionAGrp/PersonNm15MERNA ELAGGAR
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IRS990/Form990PartVIISectionAGrp/PersonNm17KATHRYN FREITAS
IRS990/Form990PartVIISectionAGrp/PersonNm18DEIDRE HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm19MIKAELA JI
IRS990/Form990PartVIISectionAGrp/PersonNm20TAMI TATE
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IRS990/Form990PartVIISectionAGrp/PersonNm22SCOTT PARSONS
IRS990/Form990PartVIISectionAGrp/PersonNm23TAYLOR SHANAMAN
IRS990/Form990PartVIISectionAGrp/PersonNm24MARIE HANSCH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23141108
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP GOV. & PUBLIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP-ELECT GOV. & PUBLIC AFF
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP BUSINESS PRACTICES
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt7NORTH REGIONAL DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt8SOUTH REGIONAL DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt9EAST REGIONAL DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt10INDEPENDENT BROKERAGE DIR.
IRS990/Form990PartVIISectionAGrp/TitleTxt11AFFILIATE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12YPN DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt21CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF GOV AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR BUS PRACTICE
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0TO UNITE THE REAL ESTATE INDUSTRY THROUGH EDUCATION AND RESEARCH, TO UNITE THOSE ENGAGED IN THE REAL ESTATE BUSINESS AND TO PROMOTE AND PROTECT THE INTEREST OF ITS MEMBERS AND OF OTHERS ENGAGED IN REAL ESTATE TRANSACTIONS AND MANAGEMENT. TO PROVIDE EDUCATION FACILITIES IN REAL ESTATE FOR ITS MEMBERS AND WHEN PRACTICABLE FOR OTHERS.
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IRS990ScheduleC/DuesAssessmentsAmt01427378
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/Form1120POLFiledInd01
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