VIRGINIA ASSOCIATION OF REALTORS Charity Report

Public IRS 990 nonprofit record

VIRGINIA ASSOCIATION OF REALTORS

EIN 54-0461014 · Professional Athletic Leagues (N80)

What they do

THE ORGANIZATION WAS ORGANIZED to UNITE ITS MEMBERSHIP IN ACTIVITIES to EFFECTIVELY EXERT A COMBINED INFLUENCE UPON MATTERS AFFECTING THE REAL ESTATE INDUSTRY, to ELEVATE THE STANDARDS of THE REAL ESTATE INDUSTRY THROUGHOUT THE STATE and to PROMOTE THE PROFESSIONAL and ETHICAL CONDUCT of PERSONS ENGAGED THEREIN, and to PROMOTE THE COMMON BUSINESS INTERESTS of THE REAL ESTATE INDUSTRY. IN FURTHERANCE of THESE EXEMPT PURPOSES THE ASSOCIATION PROVIDES EDUCATION and PROGRAMS SPECIFIC to THE INDUSTRY, SPONSORS THE ANNUAL CONVENTION, DEVELOPS and UPDATES FORMS THAT REFELCT VIRGINIA LAW AS IT RELATES to THE REAL ESTATE INDUSTRY, and ACTS AS A LIASON BETWEEN VIRGINIA REALTORS and STATE GOVERNMENT.

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Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2025The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders35 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$83.12spent for every $100 of revenueRevenue covered expenses this year.

$3.11in assets for every $1 spent this yearSome assets cannot be spent right away.

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Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $400,970 for RICHARD LUGG (CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2025

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$10,504,790

Expenses$8,731,900

Annual surplus $1,772,890 Revenue was higher than expenses for this filing year.

See all reported dollar amounts

Revenue$10,504,790

Expenses$8,731,900

Assets$27,161,530

Income$13,602,287

Grants given$1,564,048

Average grant$43,446

Stocks and bonds$19,672,417

Accounting fees$26,230

Investing fees$128,472

People

Leadership and board

Tax year 2025

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD LUGGCEO · 40 hrs/week $400,970Base $366,379 · Other $34,591

TERRIE SUITFORMER CEO $318,750

MARTIN JOHNSONCHIEF EXTERNAL AFFAIRS OFFICER · 40 hrs/week $318,358Base $300,050 · Other $18,308

ADAM SMITHCHIEF PROGRAMS OFFICER · 40 hrs/week $242,177Base $219,798 · Other $22,379

ERIN KORMANGENERAL COUNSEL/ CHIEF ADVOCACY OFFICER · 40 hrs/week $236,359Base $211,737 · Other $24,622

MARY LAWSONCHIEF LOBBYIST · 40 hrs/week $235,842Base $212,273 · Other $23,569

RYAN PRICESENIOR VP / CHIEF ECONOMIST · 40 hrs/week $234,384Base $212,273 · Other $22,111

STEPHEN DALEYSENIOR VP / MARKETING AND MEMBERSHIP · 40 hrs/week $190,560Base $167,823 · Other $22,737

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (35)

RICHARD LUGGCEO

TERRIE SUITFORMER CEO

MARTIN JOHNSONCHIEF EXTERNAL AFFAIRS OFFICER

ADAM SMITHCHIEF PROGRAMS OFFICER

ERIN KORMANGENERAL COUNSEL/ CHIEF ADVOCACY OFFICER

MARY LAWSONCHIEF LOBBYIST

RYAN PRICESENIOR VP / CHIEF ECONOMIST

STEPHEN DALEYSENIOR VP / MARKETING AND MEMBERSHIP

REGGIE COPELANDBOARD MEMBER

MARY ELLSWORTHBOARD MEMBER

MARY ANN BURSTEINBOARD MEMBER

MICHELLE DOHERTYBOARD MEMBER

NICOLE CANOLEBOARD MEMBER

RACHEL FOSTERBOARD MEMBER

LORRAINE ARORAPRESIDENT

SHERRY MASERVICE PRESIDENT

TAMAR MYERS-MOFFATTBOARD MEMBER

TRACI SHOBERGBOARD MEMBER

VONDA LACEYBOARD MEMBER

LYNN GRIMSLEYBOARD MEMBER

KELLY GRIFFINBOARD MEMBER

KAREN SMITHBOARD MEMBER

KAERA MIMSBOARD MEMBER

JOHN FINNBOARD MEMBER

GUY ALLENBOARD MEMBER

GARY LANGE JRBOARD MEMBER

DONNA PATTONBOARD MEMBER

DIRON CLEMENTSTREASURER

DERRICK SWAAKBOARD MEMBER

CYNTHIA HAWKS WHITEBOARD MEMBER

CYNTHIA HORNSBYBOARD MEMBER

CURT REICHSTETTERPRESIDENT - ELECT

CHARLES EDMONDSBOARD MEMBER

CHANDRA PATTERSONBOARD MEMBER

ANDREW FRISTOEBOARD MEMBER

About this charity

Recognized since: January 1983
Location: 10231 TELEGRAPH RD, GLEN ALLEN, VA 23059-4561
County: Hanover
In care of: % RICHARD LUGG
Primary officer: RICHARD LUGG, CEO

How to reach them

WebsiteVisit the charity’s website Phone(804) 264-5033

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: FRANK BARCALOW CPA PLLC
NTEE classification: Professional Athletic Leagues (N80)
IRS tax category: Professional Athletic Leagues
Grant-giving organization: Yes