Nonprofit · EIN 85-2523353
CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION
Tax-exempt · CHARLOTTESVLE, VA 22901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $64,635 | $116,991 | -$52,356 | $219,376 | – | $219,376 |
| December 31, 2023 | 990 | $117,904 | $20,020 | $97,884 | $261,945 | $0 | $261,945 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $57,915
- Investment income
- $1,340
- Net gain from sales of assets
- $5,380
Expenses
- Compensation of officers, directors and key employees
- $73,558
- Salaries, compensation and benefits (total)
- $87,510
- Professional fees and payments to contractors
- $19,501
- Other expenses
- $9,980
- Program services (functional)
- $116,502
Balance sheet and other
- Total assets, start of year
- $261,945
- Total assets, end of year
- $219,376
- Total liabilities, end of year
- –
- Net assets, end of year
- $219,376
- Cash, savings and investments
- $214,934
- Gross receipts
- $64,635
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID M NORRIS | EXECUTIVE DI | 0 | $73,558 |
| TAMMY WILT | CHAIRMAN | 0 | $0 |
| GREG SLATER | VICE CHAIRMA | 0 | $0 |
| JOHN CROCKER | TREASURER | 0 | $0 |
| ABBY TAMMEN | SECRETARY | 0 | $0 |
| VIRGINIA BAREFOOT | DIRECTOR | 0 | $0 |
| RACHEL BURNS | DIRECTOR | 0 | $0 |
| TIMOTHY CARSON | DIRECTOR | 0 | $0 |
| MICHAEL GUTHRIE | DIRECTOR | 0 | $0 |
| KRISTEL HARRIS | DIRECTOR | 0 | $0 |
| MARY KING | DIRECTOR | 0 | $0 |
| PETER MCFARREN | DIRECTOR | 0 | $0 |
| JESSICA RUSSO | DIRECTOR | 0 | $0 |
| KRISTIN STREED | DIRECTOR | 0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAMMY WILT | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| GREG SLATER | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| JOHN CROCKER | TREASURER Trustee or director, Officer | 1 | $0 |
| ABBY TAMMEN | SECRETARY Officer | 1 | $0 |
| VIRGINIA BAREFOOT | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL BURNS | DIRECTOR Trustee or director | 1 | $0 |
| TIMOTHY CARSON | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GUTHRIE | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEL HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| MARY KING | DIRECTOR Trustee or director | 1 | $0 |
| PETER MCFARREN | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA RUSSO | DIRECTOR Trustee or director | 1 | $0 |
| KRISTIN STREED | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 550 HILLSDALE DR, CHARLOTTESVLE, VA 22901-5700
- In care of
- % ABIGAL TAMMEN
- Signed the 990-EZ
- ABBY TAMMEN, SECRETARY
- Return prepared by
- ROBINSON FARMER COX ASSOCIATES
Mission
THE FOUNDATION, AS CAARS PHILANTHROPIC INITIATIVE, IS INTENDED TO BE AN EFFECTIVE MECHANISM FOR REALTORS TO DONATE THEIR TIME, TALENT, AND RESOURCES TO IMPACT, SUSTAIN AND SUPPORT COMMUNITY INITIATIVES. THE PURPOSES OF THE FOUNDATION SHALL BE EXCLUSIVELY CHARITABLE AND EDUCATIONAL, FOR EXEMPT PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING THE FOLLOWING PURPOSES: 1. TO LEVERAGE THE PHILANTHROPIC PASSION, KNOWLEDGE, AND SKILLS OF CAARS MEMBERSHIP AND AFFILIATES 2. TO PROVIDE VOLUNTEER OPPORTUNITIES 3. TO CREATE OPPORTUNITIES FOR CAAR MEMBERS TO LEVERAGE THEIR COMBINED GIVING POWER AND REALIZE A TAX BENEFIT, WHERE APPLICABLE 4. TO ENSURE ACCOUNTABILITY AND IMPACT OF DONATIONS THROUGH REPORTING METRICS 5. TO SEEK CONTRIBUTIONS IN FURTHERANCE OF THE FOUNDATIONS STRATEGIC COMMUNITY INITIATIVES AND PURPOSES FROM ANY SOURCE, BUT PRIMARILY FROM THE MEMBERSHIP OF THE CAAR AND OTHER INTERESTED INDIVIDUALS AND CORPORATIONS. 6. TO MANAGE
Program accomplishments
- ACTIVITY 1 A.GOOD NEIGHBOR AWARD B.REALTORS VOLUNTEER IN THE LOCAL COMMUNITY (CITY OF CHARLOTTESVILLE; COUNTIES OF ALBEMARLE, GREENE, FLUVANNA, LOUISA, AND NELSON) C.NOMINEES CONDUCT VOLUNTEER ACTIVITIES WITHIN THE GREATER CHARLOTTESVILLE COMMUNITY; NOMINATIONS ARE SUBMITTED ONLINE; AWARDS ARE PRESENTED BY THE CAAR FOUNDATION AT EVENTS HOSTED BY THE CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS D.BIANNUAL E.AWARD SUBMISSION IS FREE F.10% OF THE FOUNDATION'S TIME - MARKETING & PROMOTION; DECISION MAKING & APPLICANT REVIEW PROCESSES G.RAISING AWARENESS OF REALTORS SUPPORTING LOCAL NON-PROFITS BY VOLUNTEERING IN THE GREATER CHARLOTTESVILLE AREAExpenses $9,332
- A.GENERAL PARTICIPATION AND SPONSORSHIP OF CHARITABLE COMMUNITY EVENTS B.REALTORS C.GREATER CHARLOTTESVILLE COMMUNITY D.UP TO 10 TIMES PER YEAR E.NONE F.25% OF THE FOUNDATION'S TIME - MARKETING & PROMOTION; PLANNING MEETINGS; PARTICIPATION AT EVENTS G.RAISING AWARENESS AMONGST MEMBERS OF THE PUBLIC ABOUT: I.REALTORS SUPPORTING LOCAL NON-PROFITS THROUGH VOLUNTEERISM IN AND FINANCIAL CONTRIBUTIONS TO THE GREATER CHARLOTTESVILLE AREA NON-PROFITS INCLUDING BLUE RIDGE AREA FOOD BANK II.REALTORS SUPPORTING AFFORDABLE HOUSING OPPORTUNITIES BY PARTNERSHIP WITH AND FINANCIAL CONTRIBUTIONS TO HABITAT FOR HUMANITY OF GREATER CHARLOTTESVILLE, ALBEMARLE HOUSING IMPROVEMENT PROGRAM, AND COMMUNITY LAND TRUST III.REALTORS SUPPORTING DISASTER RELIEF SERVICES IN LOCAL COMMUNITIES THROUGH FINANCIAL CONTRIBUTIONS TO THE AMERICAN RED CROSS AND THE VIRGINIA REALTORS DISASTER RELIEF FUND IV.REALTORS SUPPORTING ANNUAL HOUSING SYMPOSIUM HOSTED BY THE THOMAS JEFFERSON PLANNING DISTRICT COMMISSION (REGIONAL HOUSING PARTNERSHIP)
- A.CHARITABLE GOLF TOURNAMENT B.REALTORS AND MEMBERS OF THE PUBLIC C.GOLF COURSE IN THE GREATER CHARLOTTESVILLE AREA D.ANNUALLY E.35% OF THE REGISTRATION FEE WILL BE A CONTRIBUTION TO THE FOUNDATION; 65% OF THE REGISTRATION FEE WILL COVER VENUES EXPENSES; ADDITIONAL HARD COSTS WILL BE COVERED BY SPONSORSHIPS (FOOD & BEVERAGE, PRIZES, MARKETING) F.30% OF THE FOUNDATION'S TIME - MARKETING & PROMOTION; PLANNING MEETINGS; EXECUTION OF THE EVENT G.RAISING FUNDS THAT WILL ALLOW THE FOUNDATION TO OFFER FINANCIAL SUPPORT FOR AFFORDABLE HOUSING NEEDS & INITIATIVES (SEE SPECIFIC INFORMATION IN ACTIVITY 2)
- ACTIVITY 4 A.SILENT AUCTION & RECEPTION B.REALTORS AND MEMBERS OF THE PUBLIC C.HILLSDALE CONFERENCE CENTER D.ANNUALLY E.65% OF THE REGISTRATION FEE WILL BE A CONTRIBUTION TO FOUNDATION; 35% OF THE REGISTRATION FEE WILL COVER EVENT EXPENSES; ADDITIONAL HARD COSTS WILL BE COVERED BY SPONSORSHIPS (FOOD & BEVERAGE, PRIZES, MARKETING) F.30% OF THE FOUNDATION'S TIME - MARKETING & PROMOTION; PLANNING MEETINGS; EXECUTION OF THE EVENT G.RAISING FUNDS THAT WILL ALLOW THE FOUNDATION TO OFFER FINANCIAL SUPPORT FOR AFFORDABLE HOUSING NEEDS & INITIATIVES (SEE SPECIFIC INFORMATION IN ACTIVITY 2) ACTIVITY 5 A.INTRODUCTION TO HOME OWNERSHIP SEMINARS B.MEMBERS OF THE PUBLIC; SUBJECT MATTER EXPERTS SUCH AS LENDERS, LOCAL NON-PROFITS C.HILLSDALE CONFERENCE CENTER D.QUARTERLY E.FREE F.5% OF THE FOUNDATION'S TIME - MARKETING & PROMOTION; PLANNING MEETINGS; CONDUCTING SEMINARS G.RAISING AWARENESS OF AFFORDABLE HOUSING OPPORTUNITIES; EDUCATING FIRST- TIME HOME BUYERS ABOUT HOW TO BECOME A HOMEOWNER AND CONTINUED HOMEOWNERSHIP RESPONSIBILITIESExpenses $107,170
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2523353
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $219,376
- Income (IRS master file)
- $64,635
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $64,635 | $116,991 | $219,376 | XML |
| 990 | December 2023 | $117,904 | $20,020 | $261,945 | XML |
| 990 | December 2022 | $98,980 | $17,341 | $147,661 | IRS |
| 990 | December 2021 | – | – | – | 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 85-2523353).
Questions about CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION
- What is the EIN of CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION?
- The employer identification number (EIN) of CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION is 85-2523353.
- Is CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION 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 CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION 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 CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $73,558 (DAVID M NORRIS, EXECUTIVE DI).
- How much revenue does CHARLOTTESVILLE AREA ASSOCIATION OF REALTORS FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $64,635, expenses of $116,991 and total assets of $219,376 at year end.
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