HAWAII ASSOCIATION OF REALTORS

EIN: 237056154

HONOLULU, HI

Total Revenue
$2,676,280
Total Expenses
$2,669,868
Total Assets
$4,996,177
Net Assets
$2,921,699
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
HI
Principal Officer
NANCY DONAHUE-JONES
Phone
8087337060
Tax Period
2023-01-01 to 2023-12-31

HAWAII ASSOCIATION OF REALTORS, founded in 1972, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

HAWAII REALTORS SERVES ITS MEMBERSHIP BY PROVIDING INNOVATIVE PROGRAMS AND SERVICES TO ENHANCE MEMBERS' ABILITY TO SUCCESSFULLY PRACTICE REAL ESTATE AND COLLECTIVELY PROMOTES REAL PROPERTY OWNERSHIP AND THE PRESERVATION OF REAL PROPERTY RIGHTS.

Program Service Accomplishments

Program 1
Expenses: $478,356 Revenue: $119,739

EDUCATIONAL OPPORTUNITIES PROVIDED TO ELEVATE AND MAINTAIN THE PROFESSIONAL STANDARDS OF PERSONS ENGAGED IN THE REAL ESTATE BUSINESS. PROVIDED REALTOR DESIGNATION COURSES THROUGH PARTNERSHIP WITH...

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EDUCATIONAL OPPORTUNITIES PROVIDED TO ELEVATE AND MAINTAIN THE PROFESSIONAL STANDARDS OF PERSONS ENGAGED IN THE REAL ESTATE BUSINESS. PROVIDED REALTOR DESIGNATION COURSES THROUGH PARTNERSHIP WITH SPECIALTY INSTITUTES, AND LOCAL BOARDS FOR GRI AND STRATEGIES. IN 2023, A TOTAL OF 60 CLASSES WERE OFFERED WITH 1,045 ATTENDEES. A STATEWIDE EVENT ATTRACTED 173 IN-PERSON ATTENDEES AND 29 VIRTUAL PARTICIPANTS. ADDITIONALLY, 8 WEBINARS ON RELEVANT REAL ESTATE TOPICS, LEGAL ISSUES, AND SUBJECTS SPECIFIC TO PRINCIPAL BROKERS AND BROKERS-IN-CHARGE WERE HELD, DRAWING 813 ATTENDEES.

Program 2
Expenses: $524,152

THE HAWAII REALTORS GOVERNMENT AFFAIRS DIVISION IS RESPONSIBLE FOR PROTECTING, PROMOTING, AND ADVANCING THE PUBLIC POLICY INTERESTS AND OBJECTIVES OF REALTORS THROUGH POLITICAL ADVOCACY AND MEMBER...

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THE HAWAII REALTORS GOVERNMENT AFFAIRS DIVISION IS RESPONSIBLE FOR PROTECTING, PROMOTING, AND ADVANCING THE PUBLIC POLICY INTERESTS AND OBJECTIVES OF REALTORS THROUGH POLITICAL ADVOCACY AND MEMBER PARTICIPATION IN LEGISLATIVE ACTIVITIES, SUCH AS MAINTAINING OPEN LINES OF COMMUNICATION BETWEEN STATE AND GOVERNMENT OFFICALS ON REAL ESTATE ISSUES, BUILDING RELATIONSHIPS WITH OTHER ORGANIZATIONS TO CREATE SUPPORT, AND WORKING DIRECTLY WITH MEMBERS TO DETERMINE WHAT ISSUES ARE OF CONCERN TO REAL ESTATE IN HAWAII. THE PRIMARY EFFORT OF THE HAWAII REALTORS' GOVERNMENT AFFAIRS IS AT THE STATE LEVEL, INCLUDING BUT NOT LIMITED TO THE LEGISLATURE, EXECUTIVE BRANCH AND STATE AGENCIES. HOWEVER, THE DIVISION MAY, FROM TIME TO TIME, BE INVOLVED WITH ISSUES AT THE FEDERAL LEVEL THROUGH THE NATIONAL ASSOCIATION OF REALTORS AND AT THE COUNTY LEVEL. IN 2023, THE GOVERNMENT AFFAIRS COMMITTEE FOCUSED THEIR EFFORTS ON ENSURING INFRASTRUCTURE IS AVAILABLE TO CONVERT ALL CESSPOOLS BY 2050. DURING THE SESSION, THEY TRACKED OVER 781 BILLS, TESTIFIED 135 TIMES, AND COMMITTED OVER 3,908 VOLUNTEER HOURS.

Program 3
Expenses: $179,410

PROVIDE ELECTRONIC FORMS VIA ZIP FORMS ALONG WITH PROGRAM ENHANCEMENTS TO ALL MEMBERS AS A BENEFIT OF MEMBERSHIP WITH HAWAII REALTORS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,623,198
Investment Income $51,522
Other Revenue $1,560
TOTAL REVENUE $2,676,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,273,268
Fundraising Expenses $0
Program Expenses $1,181,918
Other Expenses $1,396,600
TOTAL EXPENSES $2,669,868

Year-over-Year Comparison

2023 2022 Change
Revenue $2,676,280 $2,959,214 -0.1%
Expenses $2,669,868 $2,715,826 0.0%
Net Income $6,412 $243,388 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
12
Volunteers
119

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KALAMA KIM PRESIDENT 10.00
Officer Director
$0 $0 $0
JULIE MEIER PRESIDENT-ELECT 10.00
Officer Director
$0 $0 $0
LANCE OWENS FIRST VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
NANCY METCALF SECRETARY 5.00
Officer Director
$0 $0 $0
EARL MENTE TREASURER 5.00
Officer Director
$0 $0 $0
KELLY LIBERATORE IMMED. PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
KEVIN INN MEMBER BOARD REP 2.50
Director
$0 $0 $0
SHANNON HEAVEN MEMBER BOARD REP 2.50
Director
$0 $0 $0
KEVIN LEWIS MEMBER BOARD REP 2.50
Director
$0 $0 $0
SUNITA PRZEWLOCKI MEMBER BOARD REP 2.50
Director
$0 $0 $0
ROBERTA CHARLES MEMBER BOARD REP 2.50
Director
$0 $0 $0
PAUL ROY MEMBER BOARD REP 2.50
Director
$0 $0 $0
MARILYN GRIFFIN MEMBER BOARD REP 2.50
Director
$0 $0 $0
TIM STICE MEMBER BOARD REP 2.50
Director
$0 $0 $0
ROMY JACOBSON MEMBER BOARD REP 2.50
Director
$0 $0 $0
MIKE DRUTAR MEMBER BOARD REP 2.50
Director
$0 $0 $0
NANCY DONAHUE JONES CHIEF EXECUTIVE OFFICER 40.00
Highest
$184,934 $16,679 $201,613
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,676,280 $2,669,868 $4,996,177 $6,412
2022 $2,959,214 $2,715,826 $4,955,381 $243,388
2021 $2,645,393 $2,081,021 $4,820,562 $564,372
2020 $2,486,008 $2,117,424 $3,970,061 $368,584
2018 $2,543,493 $2,477,057 $3,074,041 $66,436
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