Civic Intelligence

Pacific Southwest Association of Realtors

990 • Fiscal year 2020 • EIN 95-1581424

Mar 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

880 Canarios Ct 100Chula Vista, CA 91910

(619) 421-7811

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.44x

Higher debt load relative to assets than 75% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

1.07x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

25th percentile

$177,886

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2020 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$5,206,691

No earlier filing loaded for comparison.

Net Assets

$2,922,645

No earlier filing loaded for comparison.

Liabilities

$2,284,046

No earlier filing loaded for comparison.

Revenue

$2,131,068

No earlier filing loaded for comparison.

Expenses

$1,894,996

No earlier filing loaded for comparison.

Net Income

$236,072

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2020: $5,206,691Liabilities 2020: $2,284,046Net Assets 2020: $2,922,6452020Assets 2021: $5,393,665Liabilities 2021: $2,361,905Net Assets 2021: $3,031,7602021Assets 2022: $5,579,289Liabilities 2022: $2,310,369Net Assets 2022: $3,268,9202022Assets 2023: $5,796,504Liabilities 2023: $2,348,926Net Assets 2023: $3,447,5782023Assets 2024: $5,962,554Liabilities 2024: $2,207,684Net Assets 2024: $3,754,8702024

Highlighted filing

2020

Assets$5,206,691
Liabilities$2,284,046
Net Assets$2,922,645

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2020: $2,131,068Expenses 2020: $1,894,996Net Income 2020: $236,0722020Revenue 2021: $2,829,713Expenses 2021: $2,737,551Net Income 2021: $92,1622021Revenue 2022: $3,042,116Expenses 2022: $2,822,369Net Income 2022: $219,7472022Revenue 2023: $3,114,004Expenses 2023: $2,932,036Net Income 2023: $181,9682023Revenue 2024: $3,433,861Expenses 2024: $3,126,569Net Income 2024: $307,2922024

Highlighted filing

2020

Revenue$2,131,068
Expenses$1,894,996
Net Income$236,072
Jump To
Filing Snapshot
Filing Period
Mar 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,287,807
Mission and Program Overview

Mission

TO EMPOWER REALTORS

To empower realtors since they are a valuable resource

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$2,256,032-
Cash and Non-Interest-Bearing Accounts-$1,846,653-
Savings and Temporary Cash Investments-$265,210-
Other Notes and Loans Receivable, Net-$140,019-
Prepaid Expenses and Deferred Charges-$54,145-
Inventories for Sale or Use-$43,290-
Accounts Receivable-$36,226-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$0$5,206,691▲ $5,206,691
Other Assets Total-$565,116-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,129,835-
Deferred Revenue-$751,773-
Accounts Payable and Accrued Expenses-$389,111-
Other Liabilities-$13,327-
Total Liabilities$0$2,284,046▲ $2,284,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$2,922,645-
Total Net Assets Fund Balance$0$2,922,645▲ $2,922,645
Total Liabilities and Net Assets / Fund Balance$0$5,206,691▲ $5,206,691

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,332,614$1,311,889$2,644,503
Land$675,195-$675,195
Leasehold Improvements$161,480$435,175$596,655
Other Land Buildings$86,743$215,692$302,435
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard J D'AscoliCEOFT$164,275$13,611$177,886

Board Members and Trustees

NameTitle
Robert CallowayImmediate Past President
Robert M CromerPresident
Ditas D YamanePresident-Elect
Carey GuthrieDirector
James HillierDirector
Jason K LopezDirector
Laurie MacDonaldDirector
Michael R WhiteDirector
Mike C AndersonDirector
Norma ScantlinDirector
Peter M MendiolaDirector
Rafael A PerezDirector
Robert KilbourneDirector
Tony SantiagoDirector
Yvonne CromerDirector
Sam CalvanoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,932,184
Investment Income
$137,941
Other Revenue
$60,943
Change in Net Assets
$236,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,131,068
Revenue Not Reported on Form 990
$250,447
Total Revenue per Audited Statements
$2,381,515
Total Revenue per Form 990
$2,131,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,148,762
Salaries, Compensation, and Employee Benefits$746,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$448,233
Current Officers, Directors, Trustees, and Key Employees---$177,886
All Other Expenses---$96,884
Depreciation Depletion---$84,486
Fees for Services Other---$69,059
Other Employee Benefits---$64,735
Payroll Taxes---$55,380
Occupancy---$40,539
Advertising---$31,437
Other Expenses---$28,769
Insurance---$28,313
Interest---$19,283
Office Expenses---$18,465
Travel---$966
Total Functional Expenses$0$0$0$1,894,996

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,128,983
Expenses per Audited Statements$1,894,996
Total Expenses per Form 990$1,894,996
Expenses Not Reported on Form 990$233,987
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
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$13,327
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization distributes the form 990 to the board of directors and executive committee for review prior to finalizing and submission.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board of directors has conflict of interest policy that they sign annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Annual review is conducted by the executive committee then approved by the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pacific Southwest Association
EIN
95-1581424
Phone
6194217811
Address
880 Canarios Ct 100, Chula Vista, CA 91910

Signing Officer

Name
Richard D'Ascoli
Title
CEO
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1949
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
15
Employees
12
Volunteers
70

Preparer

Firm
West Rhode & Roberts
Address
2741 4th Ave, San Diego, CA 92103
Preparer
Cheryl Rhode
Phone
6196155380
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Prior year - retained earnings = $2670113

Financial Statement Notes

Part X : FIN48 Footnote

The Association was a California mutual-benefit corporation. The Association was taxed as a C Corporation and was subject to both federal and state income tax through February 2020. In February 2020, the Internal Revenue Service and California Attorney General approved a change of its income tax status from a mutual benefit corporation to a not-for-profit entity, pursuant to Section 501(c)(6) of the Internal Revenue Code and Section 23701(e) of the California Revenue and Taxation Code.The Financial Accounting Standards Board (FASB) issued Accounting Standards Codification No. 740-10, Accounting for Uncertainties in Income Taxes, which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The Association has reviewed its positions for all open tax years and has determined that it has no uncertain tax positions requiring accrual or disclosure.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

RENTAL EXPENSES $233987

Part XII, Line 2D: Other expenses and losses per audited F/S

RENTAL EXPENSES $233987

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IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/TotalAmt028313
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt019283
IRS990/InventoriesForSaleOrUseGrp/EOYAmt043290
IRS990/InvestmentIncomeGrp/ExclusionAmt07145
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07145
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01962756
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02256032
IRS990/LandBldgEquipCostOrOtherBssAmt04218788
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0156739
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EMPOWER REALTORS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01129835
IRS990/NetAssetsOrFundBalancesEOYAmt02922645
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0130796
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0130796
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015776
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt015776
IRS990/NetUnrelatedBusTxblIncmAmt011997
IRS990/NetUnrlzdGainsLossesInvstAmt016460
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02922645
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt040539
IRS990/OfficeExpensesGrp/TotalAmt018465
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0565116
IRS990/OtherChangesInNetAssetsAmt02670113
IRS990/OtherEmployeeBenefitsGrp/TotalAmt064735
IRS990/OtherExpensesGrp/Desc0MULTIPLE LISTING SERVICES EXP
IRS990/OtherExpensesGrp/Desc1CREDIT CARD & BANK FEES
IRS990/OtherExpensesGrp/Desc2OTHER OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt0646118
IRS990/OtherExpensesGrp/TotalAmt152939
IRS990/OtherExpensesGrp/TotalAmt231504
IRS990/OtherExpensesGrp/TotalAmt328769
IRS990/OtherLiabilitiesGrp/EOYAmt013327
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045167
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045167
IRS990/OtherRevenueTotalAmt045167
IRS990/OtherSalariesAndWagesGrp/TotalAmt0448233
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0140019
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt055380
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054145
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1999999
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1MERCHANDISE SALES
IRS990/ProgramServiceRevenueGrp/Desc2MULTIPLE LISTING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0290838
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143083
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21598263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0290838
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt143083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21598263
IRS990/ProgSrvcAccomActy2Grp/Desc0Multiple Listing Services- Provides real estate professionals access to accurate date and a suite of technology products designed to help their businesses thrive by access to California Regional Multiple Listing Service (CRMLS)
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0236072
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015776
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0265210
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/DuesAssessmentsAmt0290838
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01332614
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01311889
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02644503
IRS990ScheduleD/ExpensesNotReportedAmt0233987
IRS990ScheduleD/ExpensesSubtotalAmt01894996
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0675195
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0675195
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0161480
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0435175
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0596655
IRS990ScheduleD/NetUnrealizedGainsInvstAmt016460
IRS990ScheduleD/OtherExpensesIncludedAmt0233987
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt086743
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0215692
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0302435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0233987
IRS990ScheduleD/RevenueNotReportedAmt0250447
IRS990ScheduleD/RevenueSubtotalAmt02131068
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association was a California mutual-benefit corporation. The Association was taxed as a C Corporation and was subject to both federal and state income tax through February 2020. In February 2020, the Internal Revenue Service and California Attorney General approved a change of its income tax status from a mutual benefit corporation to a not-for-profit entity, pursuant to Section 501(c)(6) of the Internal Revenue Code and Section 23701(e) of the California Revenue and Taxation Code.The Financial Accounting Standards Board (FASB) issued Accounting Standards Codification No. 740-10, Accounting for Uncertainties in Income Taxes, which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The Association has reviewed its positions for all open tax years and has determined that it has no uncertain tax positions requiring accrual or disclosure.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES $233987
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES $233987
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02256032
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0565116
IRS990ScheduleD/TotalExpensesPerForm990Amt01894996
IRS990ScheduleD/TotalLiabilityAmt013327
IRS990ScheduleD/TotalRevenuePerForm990Amt02131068
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02381515
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02128983
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0164275
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013611
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard J D'Ascoli
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177886
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true

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