Nonprofit · EIN 54-0357560
RICHMOND BOARD OF REALTORS
Tax-exempt · RICHMOND, VA 23229
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,299,786 | $4,772,717 | $527,069 | $34,996,518 | $2,505,849 | $32,490,669 |
| December 31, 2023 | 990 | $4,335,381 | $4,372,212 | -$36,831 | $31,581,370 | $2,725,637 | $28,855,733 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,282,969
- Investment income
- $1,184,419
- Net rental income
- $131,434
- Net gain from sales of assets
- $323,131
- Net income from sales of inventory
- $17,101
- Other revenue
- $1,832,398
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $596,841
- Other salaries and wages
- $2,148,448
- Salaries, compensation and benefits (total)
- $3,300,856
- Professional fundraising fees
- $0
- Legal fees
- $45,541
- Accounting fees
- $18,560
- Travel
- $20,131
- Depreciation
- $142,308
Balance sheet and other
- Total assets, start of year
- $31,581,370
- Total assets, end of year
- $34,996,518
- Total liabilities, end of year
- $2,505,849
- Net assets, end of year
- $32,490,669
- Land, buildings and equipment
- $2,143,312
- Net assets without donor restrictions
- $32,490,669
- Gross unrelated business income
- $130,850
- Gross receipts
- $6,706,370
- Employees
- 46
- Volunteers
- 155
- Year formed
- 1874
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laura Lafayette | Chief Executive Officer Officer | 40 | $423,111 | $14,826 |
| Kelsey Croston | Chief Operating Officer Highest-paid employee | 40 | $192,003 | $33,183 |
| Mark Luck | VP, Information Technology Highest-paid employee | 40 | $156,415 | $17,880 |
| Douglas Pullan | VP, Finance Highest-paid employee | 40 | $152,258 | $14,121 |
| Erika Almstead | VP, MLS & Member Services Highest-paid employee | 40 | $152,075 | $14,121 |
| Joh Gehlbach | VP, Government Affairs Highest-paid employee | 40 | $155,828 | $6,444 |
| Margaret Lynch | VP, Risk Mgmt & Broker Officer | 40 | $144,925 | $13,979 |
| Joan Dorsey | President Trustee or director, Officer | 5 | $0 | $0 |
| Dare Tulloch | Immediate Past President Trustee or director, Officer | 5 | $0 | $0 |
| Dakia Knight | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Stephanie Prentice | Director Trustee or director | 5 | $0 | $0 |
| Monica Rawles | Director Trustee or director | 5 | $0 | $0 |
| Daphne MacDougall | Director Trustee or director | 5 | $0 | $0 |
| John VanderSyde | Director Trustee or director | 5 | $0 | $0 |
| Scott McClaine | Director Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Laura Lafayette | Chief Executive Officer Officer | 40 | $345,375 | $15,758 |
| Mark Luck | VP, Information Technology Highest-paid employee | 40 | $148,843 | $20,341 |
| Douglas Pullan | VP, Finance Highest-paid employee | 40 | $143,125 | $14,152 |
| Kelsey Croston | VP, Brand Experience Highest-paid employee | 40 | $130,274 | $19,975 |
| Margaret Lynch | VP, Risk Mgmt & Broker Officer | 40 | $136,024 | $13,887 |
| Joh Gehlbach | VP, Government Affairs Highest-paid employee | 40 | $131,022 | $14,036 |
| Erika Almstead | VP, MLS & Member Services Highest-paid employee | 40 | $126,496 | $14,059 |
| Kristin Krupp | President Trustee or director, Officer | 5 | $0 | $0 |
| Joan Dorsey | President-Elect Trustee or director, Officer | 5 | $0 | $0 |
| Shanna Story | Vice President Trustee or director, Officer | 5 | $0 | $0 |
| Dare Tulloch | Immediate Past President Trustee or director, Officer | 5 | $0 | $0 |
| Jenn Cox | Director Trustee or director | 5 | $0 | $0 |
| Rhonda Carroll | Director Trustee or director | 5 | $0 | $0 |
| Jenni Comer | Director Trustee or director | 5 | $0 | $0 |
| Blake Eudailey | Director Trustee or director | 5 | $0 | $0 |
| Melissa Grohowski | Director Trustee or director | 5 | $0 | $0 |
| Daphne MacDougall | Director Trustee or director | 5 | $0 | $0 |
| Dakia Knight | Director Trustee or director | 5 | $0 | $0 |
| Scott McClaine | Director Trustee or director | 5 | $0 | $0 |
| Scott Shaheen | Director Trustee or director | 5 | $0 | $0 |
| Monica Rawles | Director Trustee or director | 5 | $0 | $0 |
| Karen Smith | Director Trustee or director | 5 | $0 | $0 |
| John VanderSyde | Director Trustee or director | 5 | $0 | $0 |
| Stephanie Prentice | Director Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8975 THREE CHOPT RD, RICHMOND, VA 23229-4644
- Principal officer (990 for 2024)
- Laura Lafayette, 8975 Three Chopt Road, Richmond, VA 23229
- Signed the 990
- Laura Lafayette, Chief Executive Officer
- Phone
- (804) 422-5000
- Return prepared by
- Pilc & Moseley LLC
Mission
To unite, promote and educate the realtor and the real estate profession.
Program accomplishments
- Membership meetings and programs - events held for members and others associated with the real estate community to discuss issues and topics of ongoing importance.
- Education - educational classes held for the benefit of those in the real estate community to keep them abreast of the latest developments in the field and to fulfill continuing education requirements for re-licensure.
- Annual Event - A one-day event held annually to educate members and others associated with the real estate community about important industry changes concerning technology, available services, educational opportunities, etc.
- Community Services - the Association participates in and funds various real estate related community projects.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0357560
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $34,996,518
- Income (IRS master file)
- $6,706,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,299,786 | $4,772,717 | $34,996,518 | XML |
| 990 | December 2023 | $4,335,381 | $4,372,212 | $31,581,370 | XML |
| 990 | December 2022 | $4,565,704 | $4,493,318 | $29,365,494 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0357560).
Questions about RICHMOND BOARD OF REALTORS
- What is the EIN of RICHMOND BOARD OF REALTORS?
- The employer identification number (EIN) of RICHMOND BOARD OF REALTORS is 54-0357560.
- Is RICHMOND BOARD OF REALTORS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1938.
- Are donations to RICHMOND BOARD OF REALTORS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RICHMOND BOARD OF REALTORS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RICHMOND BOARD OF REALTORS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RICHMOND BOARD OF REALTORS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RICHMOND BOARD OF REALTORS?
- The 990 for the year ended December 31, 2024 names Laura Lafayette.
- Who are the officers and directors of RICHMOND BOARD OF REALTORS?
- The 990 for the year ended December 31, 2024 lists 15 people; 7 received compensation from the organization, the highest $423,111 (Laura Lafayette, Chief Executive Officer).
- How much revenue does RICHMOND BOARD OF REALTORS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,299,786, expenses of $4,772,717 and total assets of $34,996,518 at year end.
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