Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2011 and ending 12-31-2011
BCheck if applicable:
CName of organization
NATIONAL ASSOCIATION OF REALTORS
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
430 N Michigan Ave
 
Room/suite
City or town, state or country, and ZIP + 4
Chicago, IL60611
D Employer identification number

36-1520690
E Telephone number

G Gross receipts $ 236,082,198
F Name and address of principal officer:
DALE STINTON CEO
430 N Michigan Ave
Chicago,IL60611
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.REALTOR.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1908
M State of legal domicile: IL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: THE NATIONAL ASSOCIATION OF REALTORS (NAR) PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT & EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND THE PUBLIC IN ORDER TO PRESERVE RIGHTS RELATED TO REAL PROPERTY.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 881
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 875
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 421
6 Total number of volunteers (estimate if necessary) .... 6 3,500
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 6,732,169
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 2,131,949
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 144,981,611 139,900,617
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 7,746,614 6,840,962
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 9,760,907 10,323,662
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 162,489,132 157,065,241
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 676,000 285,000
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 60,291,466 50,781,222
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 132,861,812 119,875,980
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 193,829,278 170,942,202
19 Revenue less expenses. Subtract line 18 from line 12....... -31,340,146 -13,876,961
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 274,120,469 258,251,232
21 Total liabilities (Part X, line 26)............. 81,611,723 88,153,797
22 Net assets or fund balances. Subtract line 21 from line 20..... 192,508,746 170,097,435
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid preparer use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III .........
1
Briefly describe the organization’s mission: NAR PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH & EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC IN ORDER TO PRESERVE THE RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
NAR PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH, AND THE EXCHANGE OF INFORMATION AMONG ITS MEMBERS AS WELL AS TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE AND TRANSFER REAL PROPERTY. IN AN EFFORT TO FACILITATE THE EXCHANGE OF INFORMATION FROM THE ORGANIZATION'S LEADERSHIP TO ITS MEMBERS, THE ASSOCIATION USES VIDEO AND AUDIO PODCASTS THROUGHOUT THE YEAR FEATURING THE NAR PRESIDENT. ADDITIONALLY, THE NAR TREASURER AND REALTOR ASSOCIATION STAFF PRESENT SEVERAL PODCASTS RELATED TO REAL ESTATE PROFESSIONALS.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
NAR PROMOTES HIGH STANDARDS OF CONDUCT IN THE TRANSACTION OF REAL ESTATE BUSINESS AND HELPS TO ENSURE THAT THE PUBLIC RECOGNIZES THAT REALTORS ADHERE TO A STRICT CODE OF ETHICS. NAR'S PUBLIC AWARENESS CAMPAIGN DELIVERED POWERFUL MESSAGES TO NATIONAL AUDIENCES THROUGH COMPREHENSIVE MEDIA PROMOTIONS ENDORSING THE BENEFITS OF USING A REALTOR AND COUNTERING NEGATIVE HOUSING MARKET MESSAGES. ADDITIONALLY, THE ASSOCIATION CREATED THE SURROUND SOUND CAMPAIGN TO TEACH REALTORS HOW TO PRESENT POSITIVE MESSAGES TO CONSUMERS. THE FOCUS OF THE PROGRAM IS TO HELP STATE AND LOCAL REALTOR ASSOCIATIONS TELL BUYERS AND SELLERS ABOUT THE OPPORTUNITIES IN A CHALLENGING HOUSING MARKET. THE PROGRAM IS DESIGNED TO HELP REALTORS GENERATE AUTHENTIC OPTIMISM WITH CONSUMERS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
NAR PROVIDES A BROAD-BASED PERSPECTIVE ON THE VALUE OF REAL PROPERTY OWNERSHIP AND THE IMPACT ON FAMILIES, COMMUNITIES AND SOCIETY. ACCORDINGLY, NAR CONTINUES TO SUPPORT PUBLIC POLICY ISSUES THAT ENHANCE HOUSING AFFORDABILITY AND THE AVAILABILITY FOR PEOPLE OF ALL BACKGROUNDS AND INCOME LEVELS TO OBTAIN HOME OWNERSHIP. THE ASSOCIATION'S WEBSITES, REALTOR. COM AND HOUSELOGIC.COM, ARE COMPANION WEBSITES FOR CONSUMERS, WHICH FEATURE INFORMATION ABOUT THE VALUE OF PROPERTY OWNERSHIP, ALLOW CONSUMERS TO DO THEIR OWN RESEARCH, AND HELP BUYERS AND SELLERS FIND REALTORS.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$  
Form 990 (2011)
Form 990 (2011)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? ........
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
Yes
 
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part IIIClick to see attachment........................
5
Yes
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part I....................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III ....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IV...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part V
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III.....
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
 
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
357
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
421
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletBD , CJ
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
 
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2011)
Form 990 (2011)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI .........
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
881
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
875
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ..........
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
 
No
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
 
No
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
JOHN PIERPOINT
430 N MICHIGAN AVE
Chicago,IL60611
(312) 329-8200
Form 990 (2011)
Form 990 (2011)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII .........
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) GARY THOMAS
FIRST VICE PRESIDENT
 5.00 X   X       71,335 0 0
(2) MAURICE VEISSI
PRESIDENT ELECT
 5.00 X   X       202,547 0 0
(3) RONALD PHIPPS
PRESIDENT
 5.00 X   X       241,583 0 0
(4) VICKI COX GOLDER
IMMEDIATE PAST PRESIDENT
 5.00 X   X       107,533 0 0
(5) WILLIAM ARMSTRONG
TREASURER
 5.00 X   X       184,229 0 0
(6) AARON MEYERS
DIRECTOR
 1.00 X           0 0 0
(7) ABBIE HIGASHI
DIRECTOR
 1.00 X           0 0 0
(8) ADORNA CARROLL
DIRECTOR
 1.00 X           0 0 0
(9) ADRIAN ARRIAGA
DIRECTOR
 1.00 X           0 0 0
(10) AL MANSELL
DIRECTOR
 1.00 X           0 0 0
(11) ALAN LONG
DIRECTOR
 1.00 X           0 0 0
(12) ALAN MEHRWEIN
DIRECTOR
 1.00 X           0 0 0
(13) ALAN YASSKY
DIRECTOR
 1.00 X           0 0 0
(14) ALBERT VELTRI
DIRECTOR
 1.00 X           0 0 0
(15) ALFRED DINICOLA
DIRECTOR
 1.00 X           0 0 0
(16) ALICE WALKER
DIRECTOR
 1.00 X           0 0 0
(17) ALLAN DECHERT
DIRECTOR
 1.00 X           0 0 0
Form 990 (2011)
Form 990 (2011)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) ALLEN CHIANG
DIRECTOR
 1.00 X           0 0 0
(19) ALLYSON BERNARD
DIRECTOR
 1.00 X           0 0 0
(20) AMLETO MARTOCCHIA
DIRECTOR
 1.00 X           0 0 0
(21) AMY DORSEY
DIRECTOR
 1.00 X           0 0 0
(22) ANDREA BUSHNELL
DIRECTOR
 1.00 X           0 0 0
(23) ANDREA MCKEY
DIRECTOR
 1.00 X           0 0 0
(24) ANDREW BARBAR
DIRECTOR
 1.00 X           0 0 0
(25) ANDREW DONOHUE
DIRECTOR
 1.00 X           0 0 0
(26) ANDREW SCHAUS
DIRECTOR
 1.00 X           0 0 0
(27) ANDY NAZAROFF
DIRECTOR
 1.00 X           0 0 0
(28) ANGIE KOPKA
DIRECTOR
 1.00 X           0 0 0
(29) ANN BONE
DIRECTOR
 1.00 X           0 0 0
(30) ANN DEFRIES
DIRECTOR
 1.00 X           0 0 0
(31) ANN PETTIJOHN
DIRECTOR
 1.00 X           0 0 0
(32) ANN THROCKMORTON
DIRECTOR
 1.00 X           0 0 0
(33) ANNA DIMICELI
DIRECTOR
 1.00 X           0 0 0
(34) ANNE GAULT
DIRECTOR
 1.00 X           0 0 0
(35) ANTHONY GODWIN
DIRECTOR
 1.00 X           0 0 0
(36) ANTHONY MAURER
DIRECTOR
 1.00 X           0 0 0
(37) ANTHONY SCHIPPA
DIRECTOR
 1.00 X           0 0 0
(38) ARLENE DAVIS
DIRECTOR
 1.00 X           0 0 0
(39) ARNOLD TESH
DIRECTOR
 1.00 X           0 0 0
(40) ART CARTER
DIRECTOR
 1.00 X           0 0 0
(41) ART DUEL
DIRECTOR
 1.00 X           0 0 0
(42) ART GODI
DIRECTOR
 1.00 X           0 0 0
(43) AVIS WUKASCH
DIRECTOR
 1.00 X           0 0 0
(44) BARBARA KENNON
DIRECTOR
 1.00 X           0 0 0
(45) BARBARA LACH
DIRECTOR
 1.00 X           0 0 0
(46) BARBARA SCHMERZLER
DIRECTOR
 1.00 X           0 0 0
(47) BARRY LEHANE
DIRECTOR
 1.00 X           0 0 0
(48) BELTON JENNINGS
DIRECTOR
 1.00 X           0 0 0
(49) BENJAMIN ANDERSON
DIRECTOR
 1.00 X           0 0 0
(50) BENJAMIN BLAIR
DIRECTOR
 1.00 X           0 0 0
(51) BERTON HAMAMOTO
DIRECTOR
 1.00 X           0 0 0
(52) BETH FOLEY
DIRECTOR
 1.00 X           0 0 0
(53) BETH HANSEN
DIRECTOR
 1.00 X           0 0 0
(54) BETH PEERCE
DIRECTOR
 1.00 X           0 0 0
(55) BETTE MCTAMNEY
DIRECTOR
 1.00 X           0 0 0
(56) BETTIE MEINEL
DIRECTOR
 1.00 X           0 0 0
(57) BETTY GONZALEZ
DIRECTOR
 1.00 X           0 0 0
(58) BETTY KISSOCK
DIRECTOR
 1.00 X           0 0 0
(59) BEVERLY PINDLING
DIRECTOR
 1.00 X           0 0 0
(60) BILL BROWN
DIRECTOR
 1.00 X           0 0 0
(61) BILL HEINER
DIRECTOR
 1.00 X           0 0 0
(62) BILL JONES
DIRECTOR
 1.00 X           0 0 0
(63) BILL PLATTOS
DIRECTOR
 1.00 X           0 0 0
(64) BOB FLETCHER
DIRECTOR
 1.00 X           0 0 0
(65) BOB HART
DIRECTOR
 1.00 X           0 0 0
(66) BOB HUDGENS
DIRECTOR
 1.00 X           0 0 0
(67) BOB SNOWDEN
DIRECTOR
 1.00 X           0 0 0
(68) BOB TURNER
DIRECTOR
 1.00 X           0 0 0
(69) BOBBI DECKER
DIRECTOR
 1.00 X           0 0 0
(70) BONNIE CASPER
DIRECTOR
 1.00 X           0 0 0
(71) BONNIE FITZGERALD
DIRECTOR
 1.00 X           0 0 0
(72) BONNIE LAZAR
DIRECTOR
 1.00 X           0 0 0
(73) BONNIE SIECKER
DIRECTOR
 1.00 X           0 0 0
(74) BONNIE SMITH
DIRECTOR
 1.00 X           0 0 0
(75) BRAD KNAPP
DIRECTOR
 1.00 X           0 0 0
(76) BRADLEY BENNETT
DIRECTOR
 1.00 X           0 0 0
(77) BRENDA FIORETTI
DIRECTOR
 1.00 X           0 0 0
(78) BRENDA GHIBAUDI
DIRECTOR
 1.00 X           0 0 0
(79) BRENDA OLIVER
DIRECTOR
 1.00 X           0 0 0
(80) BRENDA SMALL
DIRECTOR
 1.00 X           0 0 0
(81) BRENDA TOSADO
DIRECTOR
 1.00 X           0 0 0
(82) BRENDAN GRADY
DIRECTOR
 1.00 X           0 0 0
(83) BRIAN BENTON
DIRECTOR
 1.00 X           0 0 0
(84) BRIDGET REYNOLDS
DIRECTOR
 1.00 X           0 0 0
(85) BROOKE HUNT
DIRECTOR
 1.00 X           0 0 0
(86) BRUCE AYDT
DIRECTOR
 1.00 X           0 0 0
(87) BRUCE KAMMER
DIRECTOR
 1.00 X           0 0 0
(88) BRUCE WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(89) BUDD BATTERSON
DIRECTOR
 1.00 X           0 0 0
(90) BUDGE HUSKEY
DIRECTOR
 1.00 X           0 0 0
(91) C JOYNER
DIRECTOR
 1.00 X           0 0 0
(92) C LAMONT BRELAND
DIRECTOR
 1.00 X           0 0 0
(93) CANDICE CARPENTER
DIRECTOR
 1.00 X           0 0 0
(94) CAREY JENSEN
DIRECTOR
 1.00 X           0 0 0
(95) CARLOS BUJOSA
DIRECTOR
 1.00 X           0 0 0
(96) CARLOS FUENTES
DIRECTOR
 1.00 X           0 0 0
(97) CARLOTTA ACKLEY
DIRECTOR
 1.00 X           0 0 0
(98) CARLTON LEE MCCLELLAND
DIRECTOR
 1.00 X           0 0 0
(99) CARMEN MERCADO
DIRECTOR
 1.00 X           0 0 0
(100) CAROL FACCIPONTI
DIRECTOR
 1.00 X           0 0 0
(101) CAROL HILL
DIRECTOR
 1.00 X           0 0 0
(102) CAROL MANGAN
DIRECTOR
 1.00 X           0 0 0
(103) CAROLE MACLURE
DIRECTOR
 1.00 X           0 0 0
(104) CAROLINA JEMISON
DIRECTOR
 1.00 X           0 0 0
(105) CAROLYN DAGOSTA
DIRECTOR
 1.00 X           0 0 0
(106) CAROLYN DOZOIS
DIRECTOR
 1.00 X           0 0 0
(107) CAROLYN STIFFLER
DIRECTOR
 1.00 X           0 0 0
(108) CATHERINE WHATLEY
DIRECTOR
 1.00 X           0 0 0
(109) CATHY WERNER
DIRECTOR
 1.00 X           0 0 0
(110) CHAILLE RALPH
DIRECTOR
 1.00 X           0 0 0
(111) CHARLES KITCHEN
DIRECTOR
 1.00 X           0 0 0
(112) CHARLES MCMILLAN
DIRECTOR
 1.00 X           0 0 0
(113) CHARLES MELIDOSIAN
DIRECTOR
 1.00 X           0 0 0
(114) CHARLES OPPLER
DIRECTOR
 1.00 X           0 0 0
(115) CHARLES SHOOK
DIRECTOR
 1.00 X           0 0 0
(116) CHARLES VERWILT
DIRECTOR
 1.00 X           0 0 0
(117) CHARLES WILLS
DIRECTOR
 1.00 X           0 0 0
(118) CHARLEY RAY
DIRECTOR
 1.00 X           0 0 0
(119) CHARLIE MURPHY
DIRECTOR
 1.00 X           0 0 0
(120) CHARLOTTE SEARS
DIRECTOR
 1.00 X           0 0 0
(121) CHERYL HAMM
DIRECTOR
 1.00 X           0 0 0
(122) CHRIS GALLER
DIRECTOR
 1.00 X           0 0 0
(123) CHRIS KYLER
DIRECTOR
 1.00 X           0 0 0
(124) CHRIS POLYCHRON
DIRECTOR
 1.00 X           0 0 0
(125) CHRIS READ
DIRECTOR
 1.00 X           0 0 0
(126) CHRIS SLOAN
DIRECTOR
 1.00 X           0 0 0
(127) CHRISTIE O'NEIL
DIRECTOR
 1.00 X           0 0 0
(128) CHRISTINA BANASIAK
DIRECTOR
 1.00 X           0 0 0
(129) CHRISTINA CLEMANS
DIRECTOR
 1.00 X           0 0 0
(130) CHRISTINE KUTZKEY
DIRECTOR
 1.00 X           0 0 0
(131) CHRISTINE MCNAUGHT
DIRECTOR
 1.00 X           0 0 0
(132) CHRISTOPHER MCELROY
DIRECTOR
 1.00 X           0 0 0
(133) CHRISTOPHER PARIS
DIRECTOR
 1.00 X           0 0 0
(134) CHRISTOPHER TENGGREN
DIRECTOR
 1.00 X           0 0 0
(135) CINDY ARIOSA
DIRECTOR
 1.00 X           0 0 0
(136) CINDY CHANDLER
DIRECTOR
 1.00 X           0 0 0
(137) CINDY MARSH TICHY
DIRECTOR
 1.00 X           0 0 0
(138) CLAIRE WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(139) CLARK E WALLACE
DIRECTOR
 1.00 X           0 0 0
(140) COLLEEN BADAGLIACCO
DIRECTOR
 1.00 X           0 0 0
(141) CONNIE KYLE
DIRECTOR
 1.00 X           0 0 0
(142) COURTNEY ROSE
DIRECTOR
 1.00 X           0 0 0
(143) CRAIG OWEN
DIRECTOR
 1.00 X           0 0 0
(144) CRAIG SANFORD
DIRECTOR
 1.00 X           0 0 0
(145) CYNTHIA BUTTS
DIRECTOR
 1.00 X           0 0 0
(146) CYNTHIA RAGLAND
DIRECTOR
 1.00 X           0 0 0
(147) CYNTHIA SHELTON
DIRECTOR
 1.00 X           0 0 0
(148) CYNTHIA STACKHOUSE
DIRECTOR
 1.00 X           0 0 0
(149) D GARY ROGERS
DIRECTOR
 1.00 X           0 0 0
(150) DALE PETERSON
DIRECTOR
 1.00 X           0 0 0
(151) DALE ROSS
DIRECTOR
 1.00 X           623,376 0 35,029
(152) DANA BAUGUSS
DIRECTOR
 1.00 X           0 0 0
(153) DANIEL FORSMAN
DIRECTOR
 1.00 X           0 0 0
(154) DANIEL HARTNETT
DIRECTOR
 1.00 X           0 0 0
(155) DANIEL SIGHT
DIRECTOR
 1.00 X           0 0 0
(156) DANIEL WAGNER
DIRECTOR
 1.00 X           0 0 0
(157) D'ANN JACKSON
DIRECTOR
 1.00 X           0 0 0
(158) DANNY BROCK
DIRECTOR
 1.00 X           0 0 0
(159) DANNY FRANK
DIRECTOR
 1.00 X           0 0 0
(160) DAPHNA FIELDS
DIRECTOR
 1.00 X           0 0 0
(161) DARRELL WATSON
DIRECTOR
 1.00 X           0 0 0
(162) DARYL BRAHAM
DIRECTOR
 1.00 X           0 0 0
(163) DAVE COBO
DIRECTOR
 1.00 X           0 0 0
(164) DAVE GOFF
DIRECTOR
 1.00 X           0 0 0
(165) DAVID BARCA
DIRECTOR
 1.00 X           0 0 0
(166) DAVID BERT
DIRECTOR
 1.00 X           0 0 0
(167) DAVID BRADLEY
DIRECTOR
 1.00 X           0 0 0
(168) DAVID BURNETT
DIRECTOR
 1.00 X           0 0 0
(169) DAVID CABOT
DIRECTOR
 1.00 X           0 0 0
(170) DAVID CALLAHAN
DIRECTOR
 1.00 X           0 0 0
(171) DAVID FIALK
DIRECTOR
 1.00 X           0 0 0
(172) DAVID HANNA
DIRECTOR
 1.00 X           0 0 0
(173) DAVID LANPHER
DIRECTOR
 1.00 X           0 0 0
(174) DAVID LECRAW
DIRECTOR
 1.00 X           0 0 0
(175) DAVID LOCKWOOD
DIRECTOR
 1.00 X           0 0 0
(176) DAVID MAY
DIRECTOR
 1.00 X           0 0 0
(177) DAVID MCILVAINE
DIRECTOR
 1.00 X           0 0 0
(178) DAVID OSBORN
DIRECTOR
 1.00 X           0 0 0
(179) DAVID PERETTI
DIRECTOR
 1.00 X           0 0 0
(180) DAVID PHILLIPS
DIRECTOR
 1.00 X           0 0 0
(181) DAVID SCHOEPF
DIRECTOR
 1.00 X           0 0 0
(182) DAVID SOMERS
DIRECTOR
 1.00 X           0 0 0
(183) DAVID TANGVALD
DIRECTOR
 1.00 X           0 0 0
(184) DAVID TANNER
DIRECTOR
 1.00 X           0 0 0
(185) DAVID TINA
DIRECTOR
 1.00 X           0 0 0
(186) DAVID WALSH
DIRECTOR
 1.00 X           0 0 0
(187) DAVID WLUKA
DIRECTOR
 1.00 X           0 0 0
(188) DAVID ZIMMER
DIRECTOR
 1.00 X           0 0 0
(189) DEAN ROUSO
DIRECTOR
 1.00 X           0 0 0
(190) DEANNA DIPO
DIRECTOR
 1.00 X           0 0 0
(191) DEANNA WIENER
DIRECTOR
 1.00 X           0 0 0
(192) DEBBIE RAWLS
DIRECTOR
 1.00 X           0 0 0
(193) DEBORAH HEFFERNAN
DIRECTOR
 1.00 X           0 0 0
(194) DEBRA HOWARD
DIRECTOR
 1.00 X           0 0 0
(195) DEBRA JUNKIN
DIRECTOR
 1.00 X           0 0 0
(196) DEE DENTON
DIRECTOR
 1.00 X           0 0 0
(197) DELILAH KENNEN
DIRECTOR
 1.00 X           0 0 0
(198) DENISE JASINSKI
DIRECTOR
 1.00 X           0 0 0
(199) DENISE MARX
DIRECTOR
 1.00 X           0 0 0
(200) DENISE TATMAN
DIRECTOR
 1.00 X           0 0 0
(201) DENNIS CRONK
DIRECTOR
 1.00 X           0 0 0
(202) DENNIS NEVIUS
DIRECTOR
 1.00 X           0 0 0
(203) DERENDA GRUBB
DIRECTOR
 1.00 X           0 0 0
(204) DIANA BULL
DIRECTOR
 1.00 X           0 0 0
(205) DIANA SUTHERLAND
DIRECTOR
 1.00 X           0 0 0
(206) DIANA WOOD
DIRECTOR
 1.00 X           0 0 0
(207) DIANE DILZELL
DIRECTOR
 1.00 X           0 0 0
(208) DIANE DISBROW
DIRECTOR
 1.00 X           0 0 0
(209) DIANE MANNS
DIRECTOR
 1.00 X           0 0 0
(210) DIANE SCHERER
DIRECTOR
 1.00 X           0 0 0
(211) DJ OLIVER
DIRECTOR
 1.00 X           0 0 0
(212) DJ SNAPP
DIRECTOR
 1.00 X           0 0 0
(213) DOLORES KNUDSEN
DIRECTOR
 1.00 X           0 0 0
(214) DOMINIC CARDONE
DIRECTOR
 1.00 X           0 0 0
(215) DON FAUGHT
DIRECTOR
 1.00 X           0 0 0
(216) DON MASON
DIRECTOR
 1.00 X           0 0 0
(217) DON READINGER
DIRECTOR
 1.00 X           0 0 0
(218) DON RILEY
DIRECTOR
 1.00 X           0 0 0
(219) DONALD ASHER
DIRECTOR
 1.00 X           0 0 0
(220) DONALD MARPLE
DIRECTOR
 1.00 X           0 0 0
(221) DONALD ROTH
DIRECTOR
 1.00 X           0 0 0
(222) DONALD SCANLON
DIRECTOR
 1.00 X           0 0 0
(223) DONALD TREADWELL
DIRECTOR
 1.00 X           0 0 0
(224) DONNA KOSTELECKY
DIRECTOR
 1.00 X           0 0 0
(225) DONNA SMITH
DIRECTOR
 1.00 X           0 0 0
(226) DONNA ZEREGA
DIRECTOR
 1.00 X           0 0 0
(227) DORCAS HELFANT-BROWNING
DIRECTOR
 1.00 X           0 0 0
(228) DOUGLAS ANDREWS
DIRECTOR
 1.00 X           0 0 0
(229) DOUGLAS AZARIAN
DIRECTOR
 1.00 X           0 0 0
(230) DOUGLAS BARBER
DIRECTOR
 1.00 X           0 0 0
(231) DOUGLAS CARPENTER
DIRECTOR
 1.00 X           0 0 0
(232) DOUGLAS EMDE
DIRECTOR
 1.00 X           0 0 0
(233) DOUGLAS HARDY
DIRECTOR
 1.00 X           0 0 0
(234) DOUGLAS MCCLOUD
DIRECTOR
 1.00 X           0 0 0
(235) DOUGLAS SMITH
DIRECTOR
 1.00 X           0 0 0
(236) DOYLE YATES
DIRECTOR
 1.00 X           0 0 0
(237) DREW FISHMAN
DIRECTOR
 1.00 X           0 0 0
(238) DUANE FOUTS
DIRECTOR
 1.00 X           0 0 0
(239) DUANE UHLIR
DIRECTOR
 1.00 X           0 0 0
(240) DUNCAN MACKENZIE
DIRECTOR
 1.00 X           0 0 0
(241) DWIGHT HALE
DIRECTOR
 1.00 X           0 0 0
(242) E ALICE MIRANDA
DIRECTOR
 1.00 X           0 0 0
(243) E LEONARD FERBER
DIRECTOR
 1.00 X           0 0 0
(244) EBBY HALLIDAY
DIRECTOR
 1.00 X           0 0 0
(245) EDMUND WOODS
DIRECTOR
 1.00 X           0 0 0
(246) EDWARD BROWN
DIRECTOR
 1.00 X           0 0 0
(247) EDWARD KRAUZE
DIRECTOR
 1.00 X           0 0 0
(248) EDWARD MURPHY
DIRECTOR
 1.00 X           0 0 0
(249) EDWARD WARD
DIRECTOR
 1.00 X           0 0 0
(250) ELIZABETH BLAKE
DIRECTOR
 1.00 X           0 0 0
(251) ELIZABETH DUENAS
DIRECTOR
 1.00 X           0 0 0
(252) ELIZABETH MENDENHALL
DIRECTOR
 1.00 X           0 0 0
(253) ELIZABETH NUNAN
DIRECTOR
 1.00 X           0 0 0
(254) ELLEN RENISH
DIRECTOR
 1.00 X           0 0 0
(255) ELMORE COTTON
DIRECTOR
 1.00 X           0 0 0
(256) ELOISE MARTIN
DIRECTOR
 1.00 X           0 0 0
(257) EMIL MONGEON
DIRECTOR
 1.00 X           0 0 0
(258) ENNIS ANTOINE
DIRECTOR
 1.00 X           0 0 0
(259) ERIC LOCHER
DIRECTOR
 1.00 X           0 0 0
(260) ERIK WEICHELT
DIRECTOR
 1.00 X           0 0 0
(261) ESTHER LEMIEUX
DIRECTOR
 1.00 X           0 0 0
(262) EVAN FUCHS
DIRECTOR
 1.00 X           0 0 0
(263) EVERETT KNIGHT
DIRECTOR
 1.00 X           0 0 0
(264) FRAN DAVIS
DIRECTOR
 1.00 X           0 0 0
(265) FRANCOIS GREGOIRE
DIRECTOR
 1.00 X           0 0 0
(266) FRANK ANTHONY
DIRECTOR
 1.00 X           0 0 0
(267) FRANK CONSTANTINO
DIRECTOR
 1.00 X           0 0 0
(268) FRANK JACOVINI
DIRECTOR
 1.00 X           0 0 0
(269) FRANK KOWALSKI
DIRECTOR
 1.00 X           0 0 0
(270) FRANK SIMPSON
DIRECTOR
 1.00 X           0 0 0
(271) FRANK SPENCER
DIRECTOR
 1.00 X           0 0 0
(272) FRANK URSO
DIRECTOR
 1.00 X           0 0 0
(273) FRANKLIN SERIO
DIRECTOR
 1.00 X           0 0 0
(274) FRED COLBY
DIRECTOR
 1.00 X           0 0 0
(275) FRED PRASSAS
DIRECTOR
 1.00 X           0 0 0
(276) FURHAD WAQUAD
DIRECTOR
 1.00 X           0 0 0
(277) GAIL HARTNETT
DIRECTOR
 1.00 X           0 0 0
(278) GARY CLAYTON
DIRECTOR
 1.00 X           0 0 0
(279) GARY KENLINE
DIRECTOR
 1.00 X           0 0 0
(280) GARY KRYSLER
DIRECTOR
 1.00 X           0 0 0
(281) GARY LARGE
DIRECTOR
 1.00 X           0 0 0
(282) GARY LEOGRANDE
DIRECTOR
 1.00 X           0 0 0
(283) GARY MAJORS
DIRECTOR
 1.00 X           0 0 0
(284) GARY MORSE
DIRECTOR
 1.00 X           0 0 0
(285) GARY REGGISH
DIRECTOR
 1.00 X           0 0 0
(286) GAY DILLASHAW
DIRECTOR
 1.00 X           0 0 0
(287) GENE FERCODINI
DIRECTOR
 1.00 X           0 0 0
(288) GENE WARD
DIRECTOR
 1.00 X           0 0 0
(289) GENIE BIRCH
DIRECTOR
 1.00 X           0 0 0
(290) GEOFF MCINTOSH
DIRECTOR
 1.00 X           0 0 0
(291) GEORGE PEEK
DIRECTOR
 1.00 X           0 0 0
(292) GEORGE STEPHENS
DIRECTOR
 1.00 X           0 0 0
(293) GEORGIA MEACHAM
DIRECTOR
 1.00 X           0 0 0
(294) GILLES RICOUR DE BOUGIES
DIRECTOR
 1.00 X           0 0 0
(295) GINA GRANT
DIRECTOR
 1.00 X           0 0 0
(296) GINGER DOWNS
DIRECTOR
 1.00 X           0 0 0
(297) GINNY SHIPE
DIRECTOR
 1.00 X           0 0 0
(298) GLENN CONROY
DIRECTOR
 1.00 X           0 0 0
(299) GLENN GARDNER
DIRECTOR
 1.00 X           0 0 0
(300) GLENN HELLYER
DIRECTOR
 1.00 X           0 0 0
(301) GLENN VATTEROTT
DIRECTOR
 1.00 X           0 0 0
(302) GLORIA BOWMAN
DIRECTOR
 1.00 X           0 0 0
(303) GLORIA FARRAR
DIRECTOR
 1.00 X           0 0 0
(304) GORDON MCCANN
DIRECTOR
 1.00 X           0 0 0
(305) GORDON SNYDER
DIRECTOR
 1.00 X           0 0 0
(306) GREG ZADEL
DIRECTOR
 1.00 X           0 0 0
(307) GREGORY HERB
DIRECTOR
 1.00 X           0 0 0
(308) GREGORY HRABCAK
DIRECTOR
 1.00 X           0 0 0
(309) GREGORY PAWLIK
DIRECTOR
 1.00 X           0 0 0
(310) GREGORY ROKEH
DIRECTOR
 1.00 X           0 0 0
(311) GRETCHEN FABER
DIRECTOR
 1.00 X           0 0 0
(312) GUY MATTEO
DIRECTOR
 1.00 X           0 0 0
(313) GUYLA GREENLY
DIRECTOR
 1.00 X           0 0 0
(314) H SUE WISKOWSKI-FAIR
DIRECTOR
 1.00 X           0 0 0
(315) HARLEY ROUDA
DIRECTOR
 1.00 X           0 0 0
(316) HARLEY SNYDER
DIRECTOR
 1.00 X           0 0 0
(317) HEATH HILGENBERG
DIRECTOR
 1.00 X           0 0 0
(318) HEATHER OZUR
DIRECTOR
 1.00 X           0 0 0
(319) HELEN HANNA CASEY
DIRECTOR
 1.00 X           0 0 0
(320) HELEN JARRATT
DIRECTOR
 1.00 X           0 0 0
(321) HENRY FRIES
DIRECTOR
 1.00 X           0 0 0
(322) HENRY KAMMANDEL
DIRECTOR
 1.00 X           0 0 0
(323) HENRY RAY
DIRECTOR
 1.00 X           0 0 0
(324) HENRY WHITE
DIRECTOR
 1.00 X           0 0 0
(325) HOLLY MABERY
DIRECTOR
 1.00 X           0 0 0
(326) HOPE WHITE
DIRECTOR
 1.00 X           0 0 0
(327) HOWARD SMITH
DIRECTOR
 1.00 X           0 0 0
(328) IGNACIO OSORIO
DIRECTOR
 1.00 X           0 0 0
(329) ILENE KESSLER
DIRECTOR
 1.00 X           0 0 0
(330) IRMA VARGAS
DIRECTOR
 1.00 X           0 0 0
(331) IVELISSE FIGUEROA ARCHEVALI
DIRECTOR
 1.00 X           0 0 0
(332) J COLLEEN GUNDERSON
DIRECTOR
 1.00 X           0 0 0
(333) J D RINEHART
DIRECTOR
 1.00 X           0 0 0
(334) J DANNY COOPER
DIRECTOR
 1.00 X           0 0 0
(335) J GREGORY CONNORS
DIRECTOR
 1.00 X           0 0 0
(336) J LENNOX SCOTT
DIRECTOR
 1.00 X           0 0 0
(337) J NICHOLAS D'AMBROSIA
DIRECTOR
 1.00 X           0 0 0
(338) JACK LEVINE
DIRECTOR
 1.00 X           0 0 0
(339) JACK TORZA
DIRECTOR
 1.00 X           0 0 0
(340) JACK WOODCOCK
DIRECTOR
 1.00 X           0 0 0
(341) JAMES ASBURY
DIRECTOR
 1.00 X           0 0 0
(342) JAMES BRINGHURST
DIRECTOR
 1.00 X           0 0 0
(343) JAMES CORMIER
DIRECTOR
 1.00 X           0 0 0
(344) JAMES HEIDISCH
DIRECTOR
 1.00 X           0 0 0
(345) JAMES HELSEL
DIRECTOR
 1.00 X           0 0 0
(346) JAMES KINNEY
DIRECTOR
 1.00 X           0 0 0
(347) JAMES LIPTAK
DIRECTOR
 1.00 X           0 0 0
(348) JAMES SELVEY
DIRECTOR
 1.00 X           0 0 0
(349) JAMES SEXTON
DIRECTOR
 1.00 X           0 0 0
(350) JAMES STOFKO
DIRECTOR
 1.00 X           0 0 0
(351) JAMES TSIGHIS
DIRECTOR
 1.00 X           0 0 0
(352) JAMIE HOLT
DIRECTOR
 1.00 X           0 0 0
(353) JAMIE MOORE
DIRECTOR
 1.00 X           0 0 0
(354) JAN BAKER
DIRECTOR
 1.00 X           0 0 0
(355) JAN CULLIVAN
DIRECTOR
 1.00 X           0 0 0
(356) JAN ELLINGSON
DIRECTOR
 1.00 X           0 0 0
(357) JAN LEIGHTON
DIRECTOR
 1.00 X           0 0 0
(358) JANA WAYCASTER
DIRECTOR
 1.00 X           0 0 0
(359) JANET SCAVO
DIRECTOR
 1.00 X           0 0 0
(360) JANETTE BRUZAS
DIRECTOR
 1.00 X           0 0 0
(361) JANICE SMARTO
DIRECTOR
 1.00 X           0 0 0
(362) JARED MARTIN
DIRECTOR
 1.00 X           0 0 0
(363) JARROD GRASSO
DIRECTOR
 1.00 X           0 0 0
(364) JASON WRIGHT
DIRECTOR
 1.00 X           0 0 0
(365) JAY GOHIL
DIRECTOR
 1.00 X           0 0 0
(366) JAY GUPTA
DIRECTOR
 1.00 X           0 0 0
(367) JAYNE COX
DIRECTOR
 1.00 X           0 0 0
(368) JEAN TIETGEN
DIRECTOR
 1.00 X           0 0 0
(369) JEANNE KOZAK
DIRECTOR
 1.00 X           0 0 0
(370) JEANNE RADSICK
DIRECTOR
 1.00 X           0 0 0
(371) JEANNETTE WAY
DIRECTOR
 1.00 X           0 0 0
(372) JEFF BARNETT
DIRECTOR
 1.00 X           0 0 0
(373) JEFF SPOSITO
DIRECTOR
 1.00 X           0 0 0
(374) JEFFREY NELSON
DIRECTOR
 1.00 X           0 0 0
(375) JEFFREY UPDIKE
DIRECTOR
 1.00 X           0 0 0
(376) JENNIFER FRONTERA
DIRECTOR
 1.00 X           0 0 0
(377) JENNIFER PIGLOWSKI-SAHRMANN
DIRECTOR
 1.00 X           0 0 0
(378) JEREMY STARR
DIRECTOR
 1.00 X           0 0 0
(379) JERRY DEL RIO
DIRECTOR
 1.00 X           0 0 0
(380) JERRY LYONS
DIRECTOR
 1.00 X           0 0 0
(381) JERRY TEESON
DIRECTOR
 1.00 X           0 0 0
(382) JESSE ACEVEDO
DIRECTOR
 1.00 X           0 0 0
(383) JESSE LANE
DIRECTOR
 1.00 X           0 0 0
(384) JEWELL MCKINNEY
DIRECTOR
 1.00 X           0 0 0
(385) JILL BECK
DIRECTOR
 1.00 X           0 0 0
(386) JIM DIERST
DIRECTOR
 1.00 X           0 0 0
(387) JIM HAMILTON
DIRECTOR
 1.00 X           0 0 0
(388) JIMMY LA PETER
DIRECTOR
 1.00 X           0 0 0
(389) JO JENKINS
DIRECTOR
 1.00 X           0 0 0
(390) JOAN BALLANTYNE
DIRECTOR
 1.00 X           0 0 0
(391) JOAN SERAMUR
DIRECTOR
 1.00 X           0 0 0
(392) JOAN SHANKS
DIRECTOR
 1.00 X           0 0 0
(393) JOAN WITTER
DIRECTOR
 1.00 X           0 0 0
(394) JOANN HANSEN
DIRECTOR
 1.00 X           0 0 0
(395) JOANNE DARLING
DIRECTOR
 1.00 X           0 0 0
(396) JOANNE POOLE
DIRECTOR
 1.00 X           0 0 0
(397) JOAO CRESTANA
DIRECTOR
 1.00 X           0 0 0
(398) JOE HANAUER
DIRECTOR
 1.00 X           0 0 0
(399) JOE STEWART
DIRECTOR
 1.00 X           0 0 0
(400) JOEL SINGER
DIRECTOR
 1.00 X           0 0 0
(401) JOHN ASDOURIAN
DIRECTOR
 1.00 X           0 0 0
(402) JOHN BROCKER
DIRECTOR
 1.00 X           0 0 0
(403) JOHN DICKINSON
DIRECTOR
 1.00 X           0 0 0
(404) JOHN DOHM
DIRECTOR
 1.00 X           0 0 0
(405) JOHN ECKSTRUM
DIRECTOR
 1.00 X           0 0 0
(406) JOHN FERGUSON
DIRECTOR
 1.00 X           0 0 0
(407) JOHN FLOR
DIRECTOR
 1.00 X           0 0 0
(408) JOHN FRIDLINGTON
DIRECTOR
 1.00 X           0 0 0
(409) JOHN GATTERMEIR
DIRECTOR
 1.00 X           0 0 0
(410) JOHN GRIESS
DIRECTOR
 1.00 X           0 0 0
(411) JOHN HARRISON
DIRECTOR
 1.00 X           0 0 0
(412) JOHN HORNING
DIRECTOR
 1.00 X           0 0 0
(413) JOHN HORTON
DIRECTOR
 1.00 X           0 0 0
(414) JOHN KMIECIK
DIRECTOR
 1.00 X           0 0 0
(415) JOHN KRETCHMAR
DIRECTOR
 1.00 X           0 0 0
(416) JOHN LEARY
DIRECTOR
 1.00 X           0 0 0
(417) JOHN LYNCH
DIRECTOR
 1.00 X           0 0 0
(418) JOHN MCARDLE
DIRECTOR
 1.00 X           0 0 0
(419) JOHN MCCORMICK
DIRECTOR
 1.00 X           0 0 0
(420) JOHN MCKENZIE
DIRECTOR
 1.00 X           0 0 0
(421) JOHN POWELL
DIRECTOR
 1.00 X           0 0 0
(422) JOHN RICE
DIRECTOR
 1.00 X           0 0 0
(423) JOHN RURKOWSKI
DIRECTOR
 1.00 X           0 0 0
(424) JOHN SMABY
DIRECTOR
 1.00 X           0 0 0
(425) JOHN STEFFEY
DIRECTOR
 1.00 X           0 0 0
(426) JOHN STIH
DIRECTOR
 1.00 X           0 0 0
(427) JOHN TORRES
DIRECTOR
 1.00 X           0 0 0
(428) JOHN VRANAS
DIRECTOR
 1.00 X           0 0 0
(429) JOHN WOERNER
DIRECTOR
 1.00 X           0 0 0
(430) JOHN WOOD
DIRECTOR
 1.00 X           0 0 0
(431) JOHN WOOD
DIRECTOR
 1.00 X           0 0 0
(432) JOHN YEN WONG
DIRECTOR
 1.00 X           0 0 0
(433) JONATHAN NICHOLAS
DIRECTOR
 1.00 X           0 0 0
(434) JONATHAN WALLACE
DIRECTOR
 1.00 X           0 0 0
(435) JOSEPH BROWN
DIRECTOR
 1.00 X           0 0 0
(436) JOSEPH CANFORA
DIRECTOR
 1.00 X           0 0 0
(437) JOSEPH CARNAHAN
DIRECTOR
 1.00 X           0 0 0
(438) JOSEPH D'AMATO
DIRECTOR
 1.00 X           0 0 0
(439) JOSEPH FUNKHOUSER
DIRECTOR
 1.00 X           0 0 0
(440) JOSEPH REIS JR
DIRECTOR
 1.00 X           0 0 0
(441) JOSEPH SCHUTT
DIRECTOR
 1.00 X           0 0 0
(442) JOSEPH SIMMS
DIRECTOR
 1.00 X           0 0 0
(443) JOYCE NAKAMURA
DIRECTOR
 1.00 X           0 0 0
(444) JOYCE THOMAS
DIRECTOR
 1.00 X           0 0 0
(445) JUDITH LEWIS
DIRECTOR
 1.00 X           0 0 0
(446) JUDITH MYERS
DIRECTOR
 1.00 X           0 0 0
(447) JUDY APPLEBY
DIRECTOR
 1.00 X           0 0 0
(448) JUDY ELLIS
DIRECTOR
 1.00 X           0 0 0
(449) JUDY JONES
DIRECTOR
 1.00 X           0 0 0
(450) JUDY MOORE
DIRECTOR
 1.00 X           0 0 0
(451) JUDY ZEIGLER
DIRECTOR
 1.00 X           0 0 0
(452) JULIO LAGUARTA
DIRECTOR
 1.00 X           0 0 0
(453) JULIUS CARTWRIGHT
DIRECTOR
 1.00 X           0 0 0
(454) JUNE WIENER
DIRECTOR
 1.00 X           0 0 0
(455) K ADRIAN HUNNINGS
DIRECTOR
 1.00 X           0 0 0
(456) KAKI LYBBERT
DIRECTOR
 1.00 X           0 0 0
(457) KAREN GEHLE
DIRECTOR
 1.00 X           0 0 0
(458) KAREN SMITH
DIRECTOR
 1.00 X           0 0 0
(459) KAREN TRAINOR
DIRECTOR
 1.00 X           0 0 0
(460) KAREN VALENTINE-POND
DIRECTOR
 1.00 X           0 0 0
(461) KARL BERRON
DIRECTOR
 1.00 X           0 0 0
(462) KARL MARTONE
DIRECTOR
 1.00 X           0 0 0
(463) KATHLEEN ENGEL
DIRECTOR
 1.00 X           0 0 0
(464) KATHRYN BOVARD
DIRECTOR
 1.00 X           0 0 0
(465) KATHY MEHRINGER
DIRECTOR
 1.00 X           0 0 0
(466) KAY LATHAM
DIRECTOR
 1.00 X           0 0 0
(467) KAY WATSON
DIRECTOR
 1.00 X           0 0 0
(468) KAY WEST
DIRECTOR
 1.00 X           0 0 0
(469) KAY WIRTH
DIRECTOR
 1.00 X           0 0 0
(470) KEITH KELLEY
DIRECTOR
 1.00 X           0 0 0
(471) KELLY SWEENEY
DIRECTOR
 1.00 X           0 0 0
(472) KEN NEUFELD
DIRECTOR
 1.00 X           0 0 0
(473) KENNETH LI
DIRECTOR
 1.00 X           0 0 0
(474) KENNETH LIBBY
DIRECTOR
 1.00 X           0 0 0
(475) KENNY PARCELL
DIRECTOR
 1.00 X           0 0 0
(476) KENT HANLEY
DIRECTOR
 1.00 X           0 0 0
(477) KEVIN BROWN
DIRECTOR
 1.00 X           0 0 0
(478) KEVIN KIRKPATRICK
DIRECTOR
 1.00 X           0 0 0
(479) KEVIN PRICE
DIRECTOR
 1.00 X           0 0 0
(480) KEVIN SEARS
DIRECTOR
 1.00 X           0 0 0
(481) KIM HORN
DIRECTOR
 1.00 X           0 0 0
(482) KIM SKUMANICK
DIRECTOR
 1.00 X           0 0 0
(483) KIT COWPERTHWAITE
DIRECTOR
 1.00 X           0 0 0
(484) KIT HALE
DIRECTOR
 1.00 X           0 0 0
(485) KOLLEEN KELLEY
DIRECTOR
 1.00 X           0 0 0
(486) KRISTINE CANNADAY
DIRECTOR
 1.00 X           0 0 0
(487) KURT SCHADE
DIRECTOR
 1.00 X           0 0 0
(488) KYE POPE
DIRECTOR
 1.00 X           0 0 0
(489) LARRY KEATING
DIRECTOR
 1.00 X           0 0 0
(490) LARRY KNAPP
DIRECTOR
 1.00 X           0 0 0
(491) LARRY PICKERING
DIRECTOR
 1.00 X           0 0 0
(492) LAURA COPERSINO
DIRECTOR
 1.00 X           0 0 0
(493) LAURIE CADIGAN
DIRECTOR
 1.00 X           0 0 0
(494) LAURIE URBIGKIT
DIRECTOR
 1.00 X           0 0 0
(495) LEE LELAND LIEBERG
DIRECTOR
 1.00 X           0 0 0
(496) LEFRANCIS ARNOLD
DIRECTOR
 1.00 X           0 0 0
(497) LEIGH RUTLEDGE
DIRECTOR
 1.00 X           0 0 0
(498) LEO SAUNDERS
DIRECTOR
 1.00 X           0 0 0
(499) LEON DICKSON
DIRECTOR
 1.00 X           0 0 0
(500) LEON SARKISIAN
DIRECTOR
 1.00 X           0 0 0
(501) LEONARD METZGER
DIRECTOR
 1.00 X           0 0 0
(502) LESLEE MACKENZIE
DIRECTOR
 1.00 X           0 0 0
(503) LESLIE MUNGER
DIRECTOR
 1.00 X           0 0 0
(504) LESLIE SMITH
DIRECTOR
 1.00 X           0 0 0
(505) LINDA BONARELLI LUGO
DIRECTOR
 1.00 X           0 0 0
(506) LINDA BRANT
DIRECTOR
 1.00 X           0 0 0
(507) LINDA FERCODINI
DIRECTOR
 1.00 X           0 0 0
(508) LINDA PAGE
DIRECTOR
 1.00 X           0 0 0
(509) LINDA PHILPOTT
DIRECTOR
 1.00 X           0 0 0
(510) LINDA PORTERFIELD
DIRECTOR
 1.00 X           0 0 0
(511) LINDA ST PETER
DIRECTOR
 1.00 X           0 0 0
(512) LINDA VAUGHAN
DIRECTOR
 1.00 X           0 0 0
(513) LISA HATHAWAY
DIRECTOR
 1.00 X           0 0 0
(514) LISA NOON
DIRECTOR
 1.00 X           0 0 0
(515) LISA YATES
DIRECTOR
 1.00 X           0 0 0
(516) LISBETH ENGLISH
DIRECTOR
 1.00 X           0 0 0
(517) LOIS KILLEBREW
DIRECTOR
 1.00 X           0 0 0
(518) LORETTA ALONZO
DIRECTOR
 1.00 X           0 0 0
(519) LORINE WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(520) LORNA JOHNSTON
DIRECTOR
 1.00 X           0 0 0
(521) LORRAINE ABERCROMBIE
DIRECTOR
 1.00 X           0 0 0
(522) LORRAINE CLARK
DIRECTOR
 1.00 X           0 0 0
(523) LORRAINE HARDING
DIRECTOR
 1.00 X           0 0 0
(524) LOUIS BALDWIN
DIRECTOR
 1.00 X           0 0 0
(525) LOUIS LUDWIG
DIRECTOR
 1.00 X           0 0 0
(526) LOUISE MILLER
DIRECTOR
 1.00 X           0 0 0
(527) LOYDA TORRES - FONTNEZ
DIRECTOR
 1.00 X           0 0 0
(528) LUANN KIDD
DIRECTOR
 1.00 X           0 0 0
(529) LYNDA BUTLER
DIRECTOR
 1.00 X           0 0 0
(530) LYNN LEEGARD
DIRECTOR
 1.00 X           0 0 0
(531) LYNNRENEE KESSIE
DIRECTOR
 1.00 X           0 0 0
(532) M STEVEN ANAYA
DIRECTOR
 1.00 X           0 0 0
(533) MABEL GUZMAN
DIRECTOR
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(534) MADELINE VEISSI
DIRECTOR
 1.00 X           0 0 0
(535) MALCOLM SMITH
DIRECTOR
 1.00 X           0 0 0
(536) MALCOLM YOUNG
DIRECTOR
 1.00 X           0 0 0
(537) MARC CHADBOURNE
DIRECTOR
 1.00 X           0 0 0
(538) MARGARET DIXON
DIRECTOR
 1.00 X           0 0 0
(539) MARGARET HARTMAN
DIRECTOR
 1.00 X           0 0 0
(540) MARGARET HUDSON
DIRECTOR
 1.00 X           0 0 0
(541) MARGARET KELLY
DIRECTOR
 1.00 X           0 0 0
(542) MARGIE DORRANCE
DIRECTOR
 1.00 X           0 0 0
(543) MARGO WILLIS
DIRECTOR
 1.00 X           0 0 0
(544) MARIA ELENA BANKS
DIRECTOR
 1.00 X           0 0 0
(545) MARIA WELLS
DIRECTOR
 1.00 X           0 0 0
(546) MARIAN NORRIS
DIRECTOR
 1.00 X           0 0 0
(547) MARIETTA ALBA
DIRECTOR
 1.00 X           0 0 0
(548) MARIO RUBIO
DIRECTOR
 1.00 X           0 0 0
(549) MARJORIE MCLAUGHLIN
DIRECTOR
 1.00 X           0 0 0
(550) MARK JONES
DIRECTOR
 1.00 X           0 0 0
(551) MARK KITABAYASHI
DIRECTOR
 1.00 X           0 0 0
(552) MARK MACEK
DIRECTOR
 1.00 X           0 0 0
(553) MARK MARCHAND
DIRECTOR
 1.00 X           0 0 0
(554) MARK MARQUEZ
DIRECTOR
 1.00 X           0 0 0
(555) MARK PETERSON
DIRECTOR
 1.00 X           0 0 0
(556) MARK WOODROOF
DIRECTOR
 1.00 X           0 0 0
(557) MARTHA DENT
DIRECTOR
 1.00 X           0 0 0
(558) MARTHA POMARES
DIRECTOR
 1.00 X           0 0 0
(559) MARTIN EDWARDS
DIRECTOR
 1.00 X           0 0 0
(560) MARY ALICE RUPPERT
DIRECTOR
 1.00 X           0 0 0
(561) MARY ANTOUN
DIRECTOR
 1.00 X           0 0 0
(562) MARY DYKSTRA
DIRECTOR
 1.00 X           0 0 0
(563) MARY EDNA WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(564) MARY FLEISCHMANN
DIRECTOR
 1.00 X           0 0 0
(565) MARY FRANCES BURLESON
DIRECTOR
 1.00 X           0 0 0
(566) MARY FUNK
DIRECTOR
 1.00 X           0 0 0
(567) MARY SGOBBA
DIRECTOR
 1.00 X           0 0 0
(568) MATTHEW MILLER
DIRECTOR
 1.00 X           0 0 0
(569) MAX HILL
DIRECTOR
 1.00 X           0 0 0
(570) MELANIE THOMPSON
DIRECTOR
 1.00 X           0 0 0
(571) MELBA FRANKLIN
DIRECTOR
 1.00 X           0 0 0
(572) MELISSA SIEG
DIRECTOR
 1.00 X           0 0 0
(573) MELROSE FORDE
DIRECTOR
 1.00 X           0 0 0
(574) MERLE WHITEHEAD
DIRECTOR
 1.00 X           0 0 0
(575) MICHAEL BRAY
DIRECTOR
 1.00 X           0 0 0
(576) MICHAEL BRUNO
DIRECTOR
 1.00 X           0 0 0
(577) MICHAEL FLYNN
DIRECTOR
 1.00 X           0 0 0
(578) MICHAEL GRAESSLE
DIRECTOR
 1.00 X           0 0 0
(579) MICHAEL JEWELL
DIRECTOR
 1.00 X           0 0 0
(580) MICHAEL MCGREW
DIRECTOR
 1.00 X           0 0 0
(581) MICHAEL MORAN
DIRECTOR
 1.00 X           0 0 0
(582) MICHAEL OLDENETTEL
DIRECTOR
 1.00 X           0 0 0
(583) MICHAEL ONORATO
DIRECTOR
 1.00 X           0 0 0
(584) MICHAEL OWEN
DIRECTOR
 1.00 X           0 0 0
(585) MICHAEL SCHMELZER
DIRECTOR
 1.00 X           0 0 0
(586) MICHAEL SCHOONOVER
DIRECTOR
 1.00 X           0 0 0
(587) MICHAEL THEO
DIRECTOR
 1.00 X           0 0 0
(588) MICHAEL TRACY
DIRECTOR
 1.00 X           0 0 0
(589) MICHAEL TSENG
DIRECTOR
 1.00 X           0 0 0
(590) MICHEL LEPAGE
DIRECTOR
 1.00 X           0 0 0
(591) MICHELE COHEN
DIRECTOR
 1.00 X           0 0 0
(592) MICHELLE KLEVEN
DIRECTOR
 1.00 X           0 0 0
(593) MIKE BRODIE
DIRECTOR
 1.00 X           0 0 0
(594) MIKE CASSIDY
DIRECTOR
 1.00 X           0 0 0
(595) MIKE CRADDOCK
DIRECTOR
 1.00 X           0 0 0
(596) MIKE GAUGHAN
DIRECTOR
 1.00 X           0 0 0
(597) MIKE YOUNG
DIRECTOR
 1.00 X           0 0 0
(598) MILAGROS KANYAR
DIRECTOR
 1.00 X           0 0 0
(599) MILTON SHOCKLEY
DIRECTOR
 1.00 X           0 0 0
(600) MITCHELL KAMINER
DIRECTOR
 1.00 X           0 0 0
(601) MONIKA MCGILLICUDDY
DIRECTOR
 1.00 X           0 0 0
(602) MONTIE BOX
DIRECTOR
 1.00 X           0 0 0
(603) MOSES SEURAM
DIRECTOR
 1.00 X           0 0 0
(604) MYRA ZOLLINGER
DIRECTOR
 1.00 X           0 0 0
(605) MYRNA KINGHAM
DIRECTOR
 1.00 X           0 0 0
(606) NANCI RANDS
DIRECTOR
 1.00 X           0 0 0
(607) NANCY DONAHUE-JONES
DIRECTOR
 1.00 X           0 0 0
(608) NANCY FURST
DIRECTOR
 1.00 X           0 0 0
(609) NANCY KENNEDY
DIRECTOR
 1.00 X           0 0 0
(610) NANCY LANE
DIRECTOR
 1.00 X           0 0 0
(611) NANCY RILEY
DIRECTOR
 1.00 X           0 0 0
(612) NATASCHA TELLO
DIRECTOR
 1.00 X           0 0 0
(613) NATE JOHNSON
DIRECTOR
 1.00 X           0 0 0
(614) NATHAN BELL
DIRECTOR
 1.00 X           0 0 0
(615) NATHAN CARNES
DIRECTOR
 1.00 X           0 0 0
(616) NEAL CLAYTON
DIRECTOR
 1.00 X           0 0 0
(617) NESTOR WEIGAND
DIRECTOR
 1.00 X           0 0 0
(618) NICHOLAS GIGANTE
DIRECTOR
 1.00 X           0 0 0
(619) NICHOLLE DAGATA
DIRECTOR
 1.00 X           0 0 0
(620) NICK KREMYDAS
DIRECTOR
 1.00 X           0 0 0
(621) NICOLE BRULE-FISHER
DIRECTOR
 1.00 X           0 0 0
(622) NINA COTTRELL
DIRECTOR
 1.00 X           0 0 0
(623) NORKA DIAZ
DIRECTOR
 1.00 X           0 0 0
(624) NORMAN FLYNN
DIRECTOR
 1.00 X           0 0 0
(625) O RANDALL WOODBURY
DIRECTOR
 1.00 X           0 0 0
(626) OLIVER RUIZ
DIRECTOR
 1.00 X           0 0 0
(627) OTTO CATRINA
DIRECTOR
 1.00 X           0 0 0
(628) OWEN HALL
DIRECTOR
 1.00 X           0 0 0
(629) PAMELA FRESTEDT
DIRECTOR
 1.00 X           0 0 0
(630) PAMELA MONROE
DIRECTOR
 1.00 X           0 0 0
(631) PAMELA TESTROET
DIRECTOR
 1.00 X           0 0 0
(632) PAT CALLAN
DIRECTOR
 1.00 X           0 0 0
(633) PAT COMBS
DIRECTOR
 1.00 X           0 0 0
(634) PAT KAPLAN
DIRECTOR
 1.00 X           0 0 0
(635) PAT WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(636) PAT ZICARELLI
DIRECTOR
 1.00 X           0 0 0
(637) PATRICE WILLETTS
DIRECTOR
 1.00 X           0 0 0
(638) PATRICIA DELINOIS
DIRECTOR
 1.00 X           0 0 0
(639) PATRICIA FITZGERALD
DIRECTOR
 1.00 X           0 0 0
(640) PATRICIA HUEY
DIRECTOR
 1.00 X           0 0 0
(641) PATRICIA JENSEN
DIRECTOR
 1.00 X           0 0 0
(642) PATRICIA KLINE
DIRECTOR
 1.00 X           0 0 0
(643) PATRICIA MAYS
DIRECTOR
 1.00 X           0 0 0
(644) PATRICIA OHMBERGER
DIRECTOR
 1.00 X           0 0 0
(645) PATRICIA PALZET-TAYLOR
DIRECTOR
 1.00 X           0 0 0
(646) PATRICIA PETRALIA
DIRECTOR
 1.00 X           0 0 0
(647) PATRICIA PIPKIN
DIRECTOR
 1.00 X           0 0 0
(648) PATRICIA SZEGO
DIRECTOR
 1.00 X           0 0 0
(649) PATRICIA SZOT
DIRECTOR
 1.00 X           0 0 0
(650) PATRICK DALESSANDRO
DIRECTOR
 1.00 X           0 0 0
(651) PATRICK GRAHAM
DIRECTOR
 1.00 X           0 0 0
(652) PATRICK O'NEIL
DIRECTOR
 1.00 X           0 0 0
(653) PATTI LAWTON
DIRECTOR
 1.00 X           0 0 0
(654) PAUL BELL
DIRECTOR
 1.00 X           0 0 0
(655) PAUL EVERSON
DIRECTOR
 1.00 X           0 0 0
(656) PAUL GRIFFIN
DIRECTOR
 1.00 X           0 0 0
(657) PAUL SCOTT
DIRECTOR
 1.00 X           0 0 0
(658) PAUL SEMANEK
DIRECTOR
 1.00 X           0 0 0
(659) PAULA SERVEN
DIRECTOR
 1.00 X           0 0 0
(660) PEGGY LLAGAS
DIRECTOR
 1.00 X           0 0 0
(661) PEGGY TRENK
DIRECTOR
 1.00 X           0 0 0
(662) PEGGYANN MCCONNOCHIE
DIRECTOR
 1.00 X           0 0 0
(663) PETE GALBRAITH
DIRECTOR
 1.00 X           0 0 0
(664) PETE KOPF
DIRECTOR
 1.00 X           0 0 0
(665) PETER HELIE
DIRECTOR
 1.00 X           0 0 0
(666) PETER MERRITT
DIRECTOR
 1.00 X           0 0 0
(667) PETER TUCKER
DIRECTOR
 1.00 X           0 0 0
(668) PEYTON NORVILLE
DIRECTOR
 1.00 X           0 0 0
(669) PHIL JONES
DIRECTOR
 1.00 X           0 0 0
(670) PHILIP CHILES
DIRECTOR
 1.00 X           0 0 0
(671) PHILIP HARLAN
DIRECTOR
 1.00 X           0 0 0
(672) PHILLIP SCHAEFER
DIRECTOR
 1.00 X           0 0 0
(673) PHILLIP STARK
DIRECTOR
 1.00 X           0 0 0
(674) PILI MEYER
DIRECTOR
 1.00 X           0 0 0
(675) QUINCY VIRGILIO
DIRECTOR
 1.00 X           0 0 0
(676) R BRIAN MATZA
DIRECTOR
 1.00 X           0 0 0
(677) R CHRIS OSTEEN
DIRECTOR
 1.00 X           0 0 0
(678) R DENNIS MCCLELLAND
DIRECTOR
 1.00 X           0 0 0
(679) R MORRILL
DIRECTOR
 1.00 X           0 0 0
(680) RALPH DE MARTINO
DIRECTOR
 1.00 X           0 0 0
(681) RANDALL THOMAS
DIRECTOR
 1.00 X           0 0 0
(682) RANDY JEFFERS
DIRECTOR
 1.00 X           0 0 0
(683) RANDY RECTOR
DIRECTOR
 1.00 X           0 0 0
(684) RANDY REYNOLDS
DIRECTOR
 1.00 X           0 0 0
(685) RANDY SCHEIDT
DIRECTOR
 1.00 X           0 0 0
(686) RAY MARK PANDO
DIRECTOR
 1.00 X           0 0 0
(687) RAYMOND BARKETT
DIRECTOR
 1.00 X           0 0 0
(688) RAYMOND JOSEPH
DIRECTOR
 1.00 X           0 0 0
(689) REBECCA CONNATSER
DIRECTOR
 1.00 X           0 0 0
(690) REINALDO MESA
DIRECTOR
 1.00 X           0 0 0
(691) RENEE RYAN EDWARDS
DIRECTOR
 1.00 X           0 0 0
(692) RICHARD BENJAMIN
DIRECTOR
 1.00 X           0 0 0
(693) RICHARD BROGAN
DIRECTOR
 1.00 X           0 0 0
(694) RICHARD CHITTAM
DIRECTOR
 1.00 X           0 0 0
(695) RICHARD CROSBY
DIRECTOR
 1.00 X           0 0 0
(696) RICHARD FRYER
DIRECTOR
 1.00 X           0 0 0
(697) RICHARD GAYLORD
DIRECTOR
 1.00 X           0 0 0
(698) RICHARD HOLLANDER
DIRECTOR
 1.00 X           0 0 0
(699) RICHARD MENDENHALL
DIRECTOR
 1.00 X           0 0 0
(700) RICHARD ROSENTHAL
DIRECTOR
 1.00 X           0 0 0
(701) RICHARD SNYDER
DIRECTOR
 1.00 X           0 0 0
(702) RICK HARRIS
DIRECTOR
 1.00 X           0 0 0
(703) RICK SHELTON
DIRECTOR
 1.00 X           0 0 0
(704) RICK TURLEY
DIRECTOR
 1.00 X           0 0 0
(705) RICK VIOLETT
DIRECTOR
 1.00 X           0 0 0
(706) RITA COFFEY
DIRECTOR
 1.00 X           0 0 0
(707) ROB MEHTA
DIRECTOR
 1.00 X           0 0 0
(708) ROBERT ARKLEY
DIRECTOR
 1.00 X           0 0 0
(709) ROBERT AUTHIER
DIRECTOR
 1.00 X           0 0 0
(710) ROBERT BAILEY
DIRECTOR
 1.00 X           0 0 0
(711) ROBERT CALDWELL
DIRECTOR
 1.00 X           0 0 0
(712) ROBERT ELROD
DIRECTOR
 1.00 X           0 0 0
(713) ROBERT FLECK
DIRECTOR
 1.00 X           0 0 0
(714) ROBERT FOWLER
DIRECTOR
 1.00 X           0 0 0
(715) ROBERT FREEMAN
DIRECTOR
 1.00 X           0 0 0
(716) ROBERT GOLDEN
DIRECTOR
 1.00 X           0 0 0
(717) ROBERT HAY
DIRECTOR
 1.00 X           0 0 0
(718) ROBERT HILL
DIRECTOR
 1.00 X           0 0 0
(719) ROBERT KEEFE
DIRECTOR
 1.00 X           0 0 0
(720) ROBERT KENNEDY
DIRECTOR
 1.00 X           0 0 0
(721) ROBERT KEVANE
DIRECTOR
 1.00 X           0 0 0
(722) ROBERT KIMBALL
DIRECTOR
 1.00 X           0 0 0
(723) ROBERT KULICK
DIRECTOR
 1.00 X           0 0 0
(724) ROBERT LAMONTE
DIRECTOR
 1.00 X           0 0 0
(725) ROBERT MILLER
DIRECTOR
 1.00 X           0 0 0
(726) ROBERT OPPENHEIMER
DIRECTOR
 1.00 X           0 0 0
(727) ROBERT PAHLKE
DIRECTOR
 1.00 X           0 0 0
(728) ROBERT PEIRCE
DIRECTOR
 1.00 X           0 0 0
(729) ROBERT RAYNER
DIRECTOR
 1.00 X           0 0 0
(730) ROBERT SCOTT
DIRECTOR
 1.00 X           0 0 0
(731) ROBERT TAYLOR
DIRECTOR
 1.00 X           0 0 0
(732) ROBERT WALICK
DIRECTOR
 1.00 X           0 0 0
(733) ROBERT WATSON
DIRECTOR
 1.00 X           0 0 0
(734) ROBERT WHITE
DIRECTOR
 1.00 X           0 0 0
(735) ROBERT WIGTON
DIRECTOR
 1.00 X           0 0 0
(736) ROBERT WILSON
DIRECTOR
 1.00 X           0 0 0
(737) ROBERT WOODUL
DIRECTOR
 1.00 X           0 0 0
(738) ROBERT WRIGHT
DIRECTOR
 1.00 X           0 0 0
(739) ROBIN LANCE
DIRECTOR
 1.00 X           0 0 0
(740) ROBINA ENGLISH
DIRECTOR
 1.00 X           0 0 0
(741) ROLAND LEDEBUHR
DIRECTOR
 1.00 X           0 0 0
(742) RONALD GOSS
DIRECTOR
 1.00 X           0 0 0
(743) RONALD MYLES
DIRECTOR
 1.00 X           0 0 0
(744) RONALD PELTIER
DIRECTOR
 1.00 X           0 0 0
(745) RONALD THOMPSON
DIRECTOR
 1.00 X           0 0 0
(746) RONDA TOMPERS
DIRECTOR
 1.00 X           0 0 0
(747) ROSEMARY KOBERLEIN
DIRECTOR
 1.00 X           0 0 0
(748) ROY DEL BOSQUE
DIRECTOR
 1.00 X           0 0 0
(749) RUDY KOCH
DIRECTOR
 1.00 X           0 0 0
(750) RUSS BOOTH
DIRECTOR
 1.00 X           0 0 0
(751) RUSS COFANO
DIRECTOR
 1.00 X           0 0 0
(752) RUSSELL GROOMS
DIRECTOR
 1.00 X           0 0 0
(753) RUSSELL PORTELE
DIRECTOR
 1.00 X           0 0 0
(754) RUSSELL SALZMAN
DIRECTOR
 1.00 X           0 0 0
(755) RUSTY GARRETT
DIRECTOR
 1.00 X           0 0 0
(756) SALLY HEIMBROOK
DIRECTOR
 1.00 X           0 0 0
(757) SALLY MCFOLLING
DIRECTOR
 1.00 X           0 0 0
(758) SANDRA O'CONNOR
DIRECTOR
 1.00 X           0 0 0
(759) SANDY EHERENMAN
DIRECTOR
 1.00 X           0 0 0
(760) SCOTT BOLES
DIRECTOR
 1.00 X           0 0 0
(761) SCOTT BRADY
DIRECTOR
 1.00 X           0 0 0
(762) SCOTT BRUNNER
DIRECTOR
 1.00 X           0 0 0
(763) SCOTT CABALLERO
DIRECTOR
 1.00 X           0 0 0
(764) SHADRICK BOGANY
DIRECTOR
 1.00 X           0 0 0
(765) SHANNON KING
DIRECTOR
 1.00 X           0 0 0
(766) SHARON BOWLER
DIRECTOR
 1.00 X           0 0 0
(767) SHARON KEATING
DIRECTOR
 1.00 X           0 0 0
(768) SHARON MILLETT
DIRECTOR
 1.00 X           0 0 0
(769) SHARON SPRATLEY
DIRECTOR
 1.00 X           0 0 0
(770) SHARON TELLES
DIRECTOR
 1.00 X           0 0 0
(771) SHELLY MURRAY
DIRECTOR
 1.00 X           0 0 0
(772) SHERRI MEADOWS
DIRECTOR
 1.00 X           0 0 0
(773) SHERRY DINGES
DIRECTOR
 1.00 X           0 0 0
(774) SHERYL GRIDER WHITEHURST
DIRECTOR
 1.00 X           0 0 0
(775) SHIRLEY HICKS
DIRECTOR
 1.00 X           0 0 0
(776) SILVIA RODRIGUEZ
DIRECTOR
 1.00 X           0 0 0
(777) SOCAR CHATMON-THOMAS
DIRECTOR
 1.00 X           0 0 0
(778) STAN SIERON
DIRECTOR
 1.00 X           0 0 0
(779) STEFANIE TUGAW-MADSEN
DIRECTOR
 1.00 X           0 0 0
(780) STEPHANIE DOUGHTY
DIRECTOR
 1.00 X           0 0 0
(781) STEPHANIE WALKER
DIRECTOR
 1.00 X           0 0 0
(782) STEPHEN ANTONI
DIRECTOR
 1.00 X           0 0 0
(783) STEPHEN CASPER
DIRECTOR
 1.00 X           0 0 0
(784) STEPHEN HARDING
DIRECTOR
 1.00 X           0 0 0
(785) STEPHEN HOOVER
DIRECTOR
 1.00 X           0 0 0
(786) STEPHEN MCWILLIAM
DIRECTOR
 1.00 X           0 0 0
(787) STEPHEN MESZAROS
DIRECTOR
 1.00 X           0 0 0
(788) STEVE BROWN
DIRECTOR
 1.00 X           0 0 0
(789) STEVE FRANCKS
DIRECTOR
 1.00 X           0 0 0
(790) STEVE GODDARD
DIRECTOR
 1.00 X           0 0 0
(791) STEVE ROSCO
DIRECTOR
 1.00 X           0 0 0
(792) STEVE WHITE
DIRECTOR
 1.00 X           0 0 0
(793) STEVEN ASHER
DIRECTOR
 1.00 X           0 0 0
(794) STEVEN BANKS
DIRECTOR
 1.00 X           0 0 0
(795) STEVEN FISCHER
DIRECTOR
 1.00 X           0 0 0
(796) STEVEN MANOS
DIRECTOR
 1.00 X           0 0 0
(797) STEVEN MOREIRA
DIRECTOR
 1.00 X           0 0 0
(798) STEVEN WIEDENFELD
DIRECTOR
 1.00 X           0 0 0
(799) STUART ELSEA
DIRECTOR
 1.00 X           0 0 0
(800) SUE APPLEGATE
DIRECTOR
 1.00 X           0 0 0
(801) SUE FLUCKE
DIRECTOR
 1.00 X           0 0 0
(802) SUE PFOHL
DIRECTOR
 1.00 X           0 0 0
(803) SUMMER GREENE
DIRECTOR
 1.00 X           0 0 0
(804) SUSAN ARNOLD
DIRECTOR
 1.00 X           0 0 0
(805) SUSAN GOLDY
DIRECTOR
 1.00 X           0 0 0
(806) SUSAN HELM
DIRECTOR
 1.00 X           0 0 0
(807) SUSAN MARSHALL
DIRECTOR
 1.00 X           0 0 0
(808) SUSAN MEKENNEY
DIRECTOR
 1.00 X           0 0 0
(809) SUSAN PATT
DIRECTOR
 1.00 X           0 0 0
(810) SUSAN RAMSEY
DIRECTOR
 1.00 X           0 0 0
(811) SUSAN RENFREW
DIRECTOR
 1.00 X           0 0 0
(812) SUSAN TILLING
DIRECTOR
 1.00 X           0 0 0
(813) SUZANNE DES MARAIS
DIRECTOR
 1.00 X           0 0 0
(814) SUZANNE SHERER
DIRECTOR
 1.00 X           0 0 0
(815) TAMELA BROOKHOUSER
DIRECTOR
 1.00 X           0 0 0
(816) TATE CYMBALUK
DIRECTOR
 1.00 X           0 0 0
(817) TED LORING
DIRECTOR
 1.00 X           0 0 0
(818) TERENCE SULLIVAN
DIRECTOR
 1.00 X           0 0 0
(819) TERESA RAMOS
DIRECTOR
 1.00 X           0 0 0
(820) TERESITA BERSACH
DIRECTOR
 1.00 X           0 0 0
(821) TERI MILES
DIRECTOR
 1.00 X           0 0 0
(822) TERRY KIRKWOOD
DIRECTOR
 1.00 X           0 0 0
(823) TERRY MILLER
DIRECTOR
 1.00 X           0 0 0
(824) TERRY WESTBROOK
DIRECTOR
 1.00 X           0 0 0
(825) THEODORE BRYANT
DIRECTOR
 1.00 X           0 0 0
(826) THERESE WUNDERLICH
DIRECTOR
 1.00 X           0 0 0
(827) THOMAS CARNAHAN
DIRECTOR
 1.00 X           0 0 0
(828) THOMAS GIROIR
DIRECTOR
 1.00 X           0 0 0
(829) THOMAS HASSELBECK
DIRECTOR
 1.00 X           0 0 0
(830) THOMAS INNES
DIRECTOR
 1.00 X           0 0 0
(831) THOMAS JEFFERSON
DIRECTOR
 1.00 X           0 0 0
(832) THOMAS MURPHY
DIRECTOR
 1.00 X           0 0 0
(833) THOMAS QUATTLEBAUM
DIRECTOR
 1.00 X           0 0 0
(834) THOMAS RILEY
DIRECTOR
 1.00 X           0 0 0
(835) THOMAS RIZEN
DIRECTOR
 1.00 X           0 0 0
(836) THOMAS SALOMONE
DIRECTOR
 1.00 X           0 0 0
(837) THOMAS STEVENS
DIRECTOR
 1.00 X           0 0 0
(838) THOMAS WILLIAMS
DIRECTOR
 1.00 X           0 0 0
(839) TIMOTHY BLANCHFIELD
DIRECTOR
 1.00 X           0 0 0
(840) TIMOTHY MCFADDEN
DIRECTOR
 1.00 X           0 0 0
(841) TINA HARRIS
DIRECTOR
 1.00 X           0 0 0
(842) TINA LUCAS
DIRECTOR
 1.00 X           0 0 0
(843) TOBY BRADLEY
DIRECTOR
 1.00 X           0 0 0
(844) TODD EMERSON
DIRECTOR
 1.00 X           0 0 0
(845) TODD MENARD
DIRECTOR
 1.00 X           0 0 0
(846) TODD SHIPMAN
DIRECTOR
 1.00 X           0 0 0
(847) TODD STONESIFER
DIRECTOR
 1.00 X           0 0 0
(848) TODD UMBENHAUER
DIRECTOR
 1.00 X           0 0 0
(849) TOM FARLEY
DIRECTOR
 1.00 X           0 0 0
(850) TOM GRANT
DIRECTOR
 1.00 X           0 0 0
(851) TOM RAU
DIRECTOR
 1.00 X           0 0 0
(852) TONY CLARK
DIRECTOR
 1.00 X           0 0 0
(853) TRACY STICE
DIRECTOR
 1.00 X           0 0 0
(854) TRAVIS KESSLER
DIRECTOR
 1.00 X           0 0 0
(855) TREASURE FAIRCLOTH
DIRECTOR
 1.00 X           0 0 0
(856) TRISHA MCCARTHY
DIRECTOR
 1.00 X           0 0 0
(857) TRUDY MOORE
DIRECTOR
 1.00 X           0 0 0
(858) VAN JOHNSON
DIRECTOR
 1.00 X           0 0 0
(859) VERNON TAYLOR
DIRECTOR
 1.00 X           0 0 0
(860) VICKI FULLERTON
DIRECTOR
 1.00 X           0 0 0
(861) VICTOR ULLOA
DIRECTOR
 1.00 X           0 0 0
(862) VINCENT LEISEY
DIRECTOR
 1.00 X           0 0 0
(863) VINCENT MALTA
DIRECTOR
 1.00 X           0 0 0
(864) VINH NGUYEN
DIRECTOR
 1.00 X           0 0 0
(865) VIRGINIA COOK
DIRECTOR
 1.00 X           0 0 0
(866) W ALAN HUFFMAN
DIRECTOR
 1.00 X           0 0 0
(867) WALAUDDIN HOOSEIN
DIRECTOR
 1.00 X           0 0 0
(868) WALTER MC DONALD
DIRECTOR
 1.00 X           0 0 0
(869) WAYNE CAPLAN
DIRECTOR
 1.00 X           0 0 0
(870) WAYNE POPLIN
DIRECTOR
 1.00 X           0 0 0
(871) WAYNE STROMAN
DIRECTOR
 1.00 X           0 0 0
(872) WENDELL BULLARD
DIRECTOR
 1.00 X           0 0 0
(873) WENDELL DAVIS
DIRECTOR
 1.00 X           0 0 0
(874) WENDY FURTH
DIRECTOR
 1.00 X           0 0 0
(875) WES GRAHAM
DIRECTOR
 1.00 X           0 0 0
(876) WEST DE YOUNG
DIRECTOR
 1.00 X           0 0 0
(877) WIGHT MIXON
DIRECTOR
 1.00 X           0 0 0
(878) WILLIAM ARNOLD
DIRECTOR
 1.00 X           0 0 0
(879) WILLIAM BOATMAN
DIRECTOR
 1.00 X           0 0 0
(880) WILLIAM CHEE
DIRECTOR
 1.00 X           0 0 0
(881) WILLIAM FULTON
DIRECTOR
 1.00 X           0 0 0
(882) WILLIAM FURST
DIRECTOR
 1.00 X           0 0 0
(883) WILLIAM HANLEY
DIRECTOR
 1.00 X           0 0 0
(884) WILLIAM JONES
DIRECTOR
 1.00 X           0 0 0
(885) WILLIAM LUCKS
DIRECTOR
 1.00 X           0 0 0
(886) WILLIAM MALKASIAN
DIRECTOR
 1.00 X           0 0 0
(887) WILLIAM MARTIN
DIRECTOR
 1.00 X           0 0 0
(888) WILLIAM MILLIKEN
DIRECTOR
 1.00 X           0 0 0
(889) WILLIAM MOORE
DIRECTOR
 1.00 X           0 0 0
(890) WILLIAM NELSON
DIRECTOR
 1.00 X           0 0 0
(891) WILLIAM OVERACRE
DIRECTOR
 1.00 X           0 0 0
(892) WILLIAM RHODES
DIRECTOR
 1.00 X           0 0 0
(893) WILLIAM RICHARDSON
DIRECTOR
 1.00 X           0 0 0
(894) WILMA ROMAN GONZALEZ
DIRECTOR
 1.00 X           0 0 0
(895) WINNIE DAVIS
DIRECTOR
 1.00 X           0 0 0
(896) ZSOLT SZERENCSES
DIRECTOR
 1.00 X           0 0 0
(897) DALE STINTON
CEO
 38.00     X       1,438,514 0 35,029
(898) BOB GOLDBERG
SVP MARKETING AND BUS DEV
 38.00       X     690,259 0 35,029
(899) DOUG HINDERER
SVP HUMAN RESOURCES
 38.00       X     429,807 0 35,029
(900) FRANK SIBLEY
SVP COMMUNICATIONS & CONV
 38.00       X     585,543 0 35,029
(901) JOHN PIERPOINT
VP FINANCE AND COMPTROLLER
 38.00       X     264,731 0 30,688
(902) LAURENE JANIK
SVP GENERAL COUNSEL
 38.00       X     593,580 0 35,029
(903) JANET BRANTON
SVP GLOBAL BUSINESS
 38.00         X   366,294 0 35,029
(904) JERRY GIOVANIELLO
SVP GOV AFFAIRS
 38.00         X   533,330 0 35,029
(905) LAWRENCE YUN
SVP CHIEF ECONOMIST
 38.00         X   419,887 0 37,735
(906) MARK LESSWING
SVP CHIEF TECH OFFICER
 38.00         X   421,264 0 35,029
(907) WALT WITEK
SVP COMMUNITY & POL AFFAIRS
 38.00         X   410,076 0 35,029
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 7,583,888 0 418,713
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet128
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
THE MOST ORGANIZATION
25 ENTERPRISE STE 250
ALISO,CA92656 		REALTOR MARKETING & BRANDING 38,670,851
TARGET SMART COMMUNICATIONS LLC
845 PAT LN
ARNOLD,IL21032 		CONSULT & DIRECT MAILINGS SERV 2,649,192
HUGE LLC
45 MAIN STREET 2ND FLOOR
BROOKLYN,NY11201 		WEBSITE AND BRANDING SERV 1,873,198
EXPERIENT
568 ATRIUM DRIVE
VERNNON HILLS,IL60061 		MEETING & PLANNING SERV 1,727,240
BROWN PRINTING COMPANY
2300 BROWN AVENUE
WASECA,MN56093 		PRINTING 1,482,022
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet115
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 0
Program Service Revenue Business Code
2a MEMBER DUES 900,099 126,475,602 126,475,602    
b CONVENTIONS 900,099 7,092,129 7,092,129    
c ADVERTISING & SUBSCRIPTIONS 541,800 3,860,771 587,580 3,273,191  
d GOVERNMENT AFFAIRS 900,099 1,649,605 1,649,605    
e PUBLICATIONS & SERV. MATERIALS 900,099 734,405 734,405    
f All other program service revenue . 88,105 88,105 0 0
g Total. Add lines 2a–2f........MediumBullet 139,900,617
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 5,219,264   1,688,468 3,530,796
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 4,962,035     4,962,035
(i) Real (ii) Personal
6a Gross rents 7,344,212  
b Less: rental expenses 3,300,253  
c Rental income or (loss) 4,043,959 0
d Net rental income or (loss).......MediumBullet 4,043,959   1,436,030 2,607,929
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 76,556,266 782,136
b Less: cost or other basis and sales expenses 74,853,716 862,988
c Gain or (loss) 1,702,550 -80,852
d Net gain or (loss)..........MediumBullet 1,621,698     1,621,698
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a INCOME FROM CONTROLLED ENTITY 900,003 174,917   174,917  
b LIST RENTAL 533,110 138,390   138,390  
c            
d All other revenue .... 1,004,361 983,188 21,173 0
e Total. Add lines 11a–11d ......MediumBullet 1,317,668
12 Total revenue. See Instructions....MediumBullet 157,065,241 137,610,614 6,732,169 12,722,458
Form 990 (2011)
Form 990 (2011)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IX. .........
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 285,000  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 5,015,450      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 34,300,923      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 2,933,880      
9 Other employee benefits ....... 5,877,254      
10 Payroll taxes ........... 2,653,715      
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 606,150      
c Accounting ........... 240,720      
d Lobbying ........... 0      
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 164,638      
g Other .......... 15,103,305      
12 Advertising and promotion .... 40,909,501      
13 Office expenses ....... 10,561,154      
14 Information technology ...... 10,060,489      
15 Royalties .. 0      
16 Occupancy ........... 584,222      
17 Travel ............ 7,496,269      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 8,727,509      
20 Interest ........... 380,578      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 11,717,149      
23 Insurance .............. 2,451,609      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a PUBLIC POLICY EXPENSES 3,228,101      
b INCOME TAXES 3,209,415      
c MAINTENANCE & REPAIRS 2,657,790      
d GIFTS/AWARDS/FLOWERS 652,933      
e
f All other expenses 1,124,448      
25 Total functional expenses. Add lines 1 through 24f 170,942,202 0 0 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ..........   1  
2 Savings and temporary cash investments ....... 4,453,823 2 15,372,762
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 1,341,670 4 2,234,005
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 6,479,819 9 4,541,536
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 161,271,968
b Less: accumulated depreciation. ..... 10b 82,989,853 83,863,998 10c 78,282,115
11 Investments—publicly traded securities .......... 126,502,328 11 100,352,005
12 Investments—other securities. See Part IV, line 11 ...... 2,507,086 12 2,311,598
13 Investments—program-related. See Part IV, line 11 .. 40,996,553 13 47,667,353
14 Intangible assets ......... 5,655,262 14 4,936,160
15 Other assets. See Part IV, line 11 ........... 2,319,930 15 2,553,698
16 Total assets. Add lines 1 through 15 (must equal line 34)... 274,120,469 16 258,251,232
Liabilities 17 Accounts payable and accrued expenses . 34,536,388 17 36,122,313
18 Grants payable ..........   18  
19 Deferred revenue .......... 27,543,501 19 33,811,616
20 Tax-exempt bond liabilities .......... 15,000,000 20 15,000,000
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties .. 3,000,000 23 1,500,000
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 1,531,834 25 1,719,868
26 Total liabilities. Add lines 17 through 25..... 81,611,723 26 88,153,797
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 192,508,746 27 170,097,435
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 192,508,746 33 170,097,435
34 Total liabilities and net assets/fund balances ..... 274,120,469 34 258,251,232
Form 990 (2011)
Form 990 (2011)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI .........
1
Total revenue (must equal Part VIII, column (A), line 12) ...
1
157,065,241
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
170,942,202
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
-13,876,961
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
192,508,746
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-8,534,350
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) ....
6
170,097,435
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII .........
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?....
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2011)
Additional Data


Software ID: 11000230
Software Version: v2011.1.0
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$ 0
3
Volunteer hours ........................................
0

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$ 0
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$ 0
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$ 0
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
(1) NAR FUND
  		430 N MICHIGAN
CHICAGO,IL60611 		26-1725187 0 415,359










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2011

Schedule C (Form 990 or 990-EZ) 2011
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check expenses, and share of excess lobbying expenditures).
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) Total
             
2a Lobbying non-taxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots nontaxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2011


Schedule C (Form 990 or 990-EZ) 2011
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
No
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
No
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
No
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
126,475,602
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
22,257,905
b
Carryover from last year ....................................
2b
0
c
Total ...........................................
2c
22,257,905
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
27,822,891
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
0
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
-5,564,986
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Description of political campaign activities Schedule C, Part I-A, Line 1 THE ORGANIZATION COLLECTS MEMBER DUES EARMARKED FOR A SEPARATE SEGREGATED FUND AND PROMPTLY AND DIRECTLY TRANSFERS THEM TO THAT FUND. AS SUCH, A DETAILED DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES IS NOT APPLICABLE.
Schedule C (Form 990 or 990EZ) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....        
b Contributions ........        
c Net investment earnings, gains, and losses ...        
d Grants or scholarships .....        
e Other expenditures for facilities
and programs ........ 		       
f Administrative expenses ....        
g End of year balance ......        
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   18,370,207 18,370,207
b Buildings ................   42,420,692 12,037,344 30,383,348
c Leasehold improvements ............   40,570,061 26,977,729 13,592,332
d Equipment ................   58,430,768 43,974,780 14,455,988
e Other .................   1,480,240   1,480,240
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 78,282,115
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) INVST - REALTORS INFO NETWORK 7,187,291 C
(2) INVST - COUNCIL FOR SPECIALIZED REALTOR EDUCATION 15,339,248 C
(3) INVST - REALTORS RELIEF FDN 455,386 C
(4) INVST - SENTRILOCK, LLC 9,236,203 C
(5) INVST - SENTRILOCK FINANCE 1,071,051 C
(6) INVST - SECOND CENTURY VENTURES 6,267,121 C
(7) INVST - REAL PROPERTY RESOURCE 8,111,053 C


Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 47,667,353
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Book value
Federal Income Taxes 0
DEFERRED COMPENSATION 1,719,868








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 1,719,868
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 157,065,241
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 170,942,202
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 -13,876,961
4 Net unrealized gains (losses) on investments .......................... 4 -6,088,252
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8 -17,013,045
9 Total adjustments (net). Add lines 4 through 8 ......................... 9 -23,101,297
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -36,978,258
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 152,086,064
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -6,088,252
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d -379,304
e Add lines 2a through 2d ..................... 2e -6,467,556
3 Subtract line 2e from line 1..................... 3 158,553,620
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a 164,638
b Other (Describe in Part XIV.) ........... 4b -1,653,017
c Add lines 4a and 4b....................... 4c -1,488,379
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 157,065,241
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 172,676,850
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d 3,737,144
e Add lines 2a through 2d...................... 2e 3,737,144
3 Subtract line 2e from line 1..................... 3 168,939,706
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a 164,638
b Other (Describe in Part XIV.) ............ 4b 1,837,858
c Add lines 4a and 4b....................... 4c 2,002,496
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 170,942,202
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE ASSOCIATION AND ITS CONSOLIDATED AND COMBINED ENTITIES FOLLOW GUIDANCE ISSUED BY THE FASB WITH RESPECT TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A TAX POSITION IS RECOGNIZED AS A BENEFIT ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE "MORE LIKELY THAN NOT" TEST, NO TAX BENEFIT IS RECORDED. THE ASSOCIATION RECOGNIZES INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. THE ASSOCIATION HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2011 AND 2010.
Schedule D (Form 990) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ..............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES ATTENDANCE AT THE CFREA-KVKL CONGRESS MEETINGS TO SHARE INTL REAL ESTATE INFORMATION AND EXPERIENCES. 33,882
SOUTH ASIA 0 0 PROGRAM SERVICES ATTENDANCE AT THE NARI CONFERENCE TO SUPPORT INDIA AND INTL RE TRADING AND ISSUES. 32,299
SOUTH AMERICA 0 0 PROGRAM SERVICES NAR OFFICER PARTICIPATION IN THE SECOVI MEETINGS TO SUPPORT EFFORTS TO DEVELOP A CULTURE OF REAL ESTATE MARKETING AND TRADE. 30,175
EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES ATTENDANCE AT THE FNAIM CONGRESS MEETING TO SUPPORT REAL ESTATE TRADE AND SHARE REAL ESTATE INFORMATION AND EXPERIENCES. 25,214
SOUTH ASIA 0 0 PROGRAM SERVICES ATTENDANCE AT THE MIEA CONFERENCE IN SUPPORT OF INTERNATIONAL REAL ESTATE TRADE. 24,494
RUSSIA AND THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES ATTENDANCE AT THE RUSSIAN FEDERATION CONGRESS MEETING IN SUPPORT OF INTERNATIONAL PROPERTY TRADE. 19,486
SOUTH AMERICA 0 0 PROGRAM SERVICES ATTENDANCE AT THE COFCI BOARD MEETINGS IN SUPPORT OF INTERNATIONAL REAL ESTATE TRADE. 11,886
CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS PASSIVE INVESTMENTS 1,026,690
           
           
           
           
           
           
           
           
           
3a Sub-total .....      
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b) 0 0 1,204,126
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
 
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 EUROPE (INCLUDING ICELAND AND GREENLAND): CASH SOUTH ASIA: CASH SOUTH AMERICA: CASH EUROPE (INCLUDING ICELAND AND GREENLAND): CASH SOUTH ASIA: CASH RUSSIA AND THE NEWLY INDEPENDENT STATES: CASH SOUTH AMERICA: CASH CENTRAL AMERICA AND THE CARIBBEAN: FMV
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID: 11000230
Software Version: v2011.1.0



Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number
36-1520690
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) REALTORS RELIEF FOUNDATION430 M MICHIGAN AVE
CHICAGO,IL60611 		36-4468109 501(C)3 200,000 0 NA NA HOUSING RELIEF
(2) NEIGHBORHOODWORKS AMERICA1325 G STREET NW
WASHINGTON,DC20005 		52-1148078 501(C)3 25,000 0 NA NA HOUSING AND COMMUNITY SUPPORT
(3) HABITAT FOR HUMANITY1511 K STREET NW 605
WASHINGTON,DC20005 		77-0233512 501(C)3 60,000 0 NA NA HOUSING ASSISTANCE


















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
3
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
0
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 GRANTS ARE MADE TO ORGANIZATIONS TO SUPPORT THEIR VARIOUS EXEMPT ACTIVITIES. ANY FUNDS DONATED FOR SPECIFIC PROJECTS ARE MONITORED ON AN AS NEEDED BASIS TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED PURPOSE.
Schedule I (Form 990) 2011


Additional Data


Software ID: 11000230
Software Version: v2011.1.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization? .........................
5b
 
 
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
 
b
Any related organization? .........................
6b
 
 
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) DALE ROSS (i)
(ii)		 458,778
0 		150,000
0 		14,598
0 		24,500
0 		10,529
0 		658,405
0 		0
0
(2) RONALD PHIPPS (i)
(ii)		 0
0 		0
0 		241,583
0 		0
0 		0
0 		241,583
0 		0
0
(3) MAURICE VEISSI (i)
(ii)		 0
0 		0
0 		202,547
0 		0
0 		0
0 		202,547
0 		0
0
(4) WILLIAM ARMSTRONG (i)
(ii)		 0
0 		0
0 		184,229
0 		0
0 		0
0 		184,229
0 		0
0
(5) DALE STINTON (i)
(ii)		 1,429,358
0 		0
0 		9,156
0 		24,500
0 		10,529
0 		1,473,543
0 		0
0
(6) BOB GOLDBERG (i)
(ii)		 485,240
0 		171,852
0 		33,167
0 		24,500
0 		10,529
0 		725,288
0 		0
0
(7) DOUG HINDERER (i)
(ii)		 295,954
0 		114,330
0 		19,523
0 		24,500
0 		10,529
0 		464,836
0 		0
0
(8) LAURENE JANIK (i)
(ii)		 416,178
0 		158,677
0 		18,725
0 		24,500
0 		10,529
0 		628,609
0 		0
0
(9) FRANK SIBLEY (i)
(ii)		 391,063
0 		175,688
0 		18,792
0 		24,500
0 		10,529
0 		620,572
0 		0
0
(10) JOHN PIERPOINT (i)
(ii)		 201,435
0 		60,293
0 		3,003
0 		20,159
0 		10,529
0 		295,419
0 		0
0
(11) WALT WITEK (i)
(ii)		 315,021
0 		78,217
0 		16,838
0 		24,500
0 		10,529
0 		445,105
0 		0
0
(12) LAWRENCE YUN (i)
(ii)		 321,376
0 		81,808
0 		16,703
0 		24,500
0 		13,235
0 		457,622
0 		0
0
(13) MARK LESSWING (i)
(ii)		 323,314
0 		82,917
0 		15,033
0 		24,500
0 		10,529
0 		456,293
0 		0
0
(14) JANET BRANTON (i)
(ii)		 260,632
0 		75,744
0 		29,918
0 		24,500
0 		10,529
0 		401,323
0 		0
0
(15) JERRY GIOVANIELLO (i)
(ii)		 359,537
0 		152,864
0 		20,929
0 		24,500
0 		10,529
0 		568,359
0 		0
0

Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
First-class or charter travel Schedule J, Part I, Line 1a INTERESTED PERSONS LISTED ON PART VII, SECTION A, LINE 1A HAVE RECEIVED OR HAVE THE OPTION TO RECEIVE THE BENEFITS IDENTIFIED ON SCHEDULE J, PART I, LINE 1A. THESE BENEFITS INCLUDE COMPANION TRAVEL AND TAX INDEMNIFICATION AND GROSS UP PAYMENTS. FOR SOME, BENEFITS ALSO INCLUDE FIRST-CLASS AIR TRAVEL, PAYMENTS FOR HEALTH AND SOCIAL CLUB DUES, AND A HOUSING ALLOWANCE OR PAYMENTS FOR BUSINESS USE OF PERSONAL RESIDENCE. AS A NATIONAL ASSOCIATION SERVING MORE THAN 1,000,000 MEMBERS, NAR REQUIRES EXTENSIVE TRAVEL FOR INDIVIDUALS HOLDING THE RESPONSIBILITY OF AN OFFICER OF THE BOARD OF DIRECTORS OR A SENIOR VICE PRESIDENT (SVP). THIS TRAVEL REQUIREMENT RANGES FROM 2 TO 6 TRIPS A MONTH AND, IN SOME CASES, IN EXCESS OF 200 DAYS A YEAR PER OFFICER OR SVP. NAR REVIEWS ALL BENEFITS PROVIDED TO INTERESTED PERSONS, AND WHERE APPROPRIATE, ADDITIONAL TAXABLE COMPENSATION IS IMPUTED.
Travel for companions Schedule J, Part I, Line 1a SEE NARRATIVE ABOVE
Tax indemnification and gross-up payments Schedule J, Part I, Line 1a SEE NARRATIVE ABOVE
Housing allowance or residence for personal use Schedule J, Part I, Line 1a SEE NARRATIVE ABOVE
Payments for business use of personal residence Schedule J, Part I, Line 1a SEE NARRATIVE ABOVE
Health or social club dues or initiation fees Schedule J, Part I, Line 1a SEE NARRATIVE ABOVE
Personal services Schedule J, Part I, Line 1a DURING 2011, NAR PAID FOR TAX SERVICES RELATED TO THE PREPARATION OF THE CEO'S PERSONAL INCOME TAX RETURN. NAR ALSO PAID FOR TAX OR LEGAL SERVICES FOR CERTAIN SENIOR VICE PRESIDENTS OF THE ORGANIZATION. THE RELATED BENEFITS WERE TREATED AS TAXABLE COMPENSATION TO THE RECIPIENTS.
Schedule J (Form 990) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number
36-1520690
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A DISTRICT OF COLUMBIA REVENUE BONDS
  		000000000 254839G98 12-23-2003 15,000,000 TO BUILD A WASHINGTON, DC OFFICE   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . 0      
2 Amount of bonds legally defeased . . . . . . . . . . 0      
3 Total proceeds of issue . . . . . . . . . . . . . 15,000,000      
4 Gross proceeds in reserve funds . . . . . . . . 1,500,000      
5 Capitalized interest from proceeds . . . . . . . . . . 0      
6 Proceeds in refunding escrows . . . . . . . . . . . 0      
7 Issuance costs from proceeds . . . . . . . . . . . 375,000      
8 Credit enhancement from proceeds . . . . . . . . . . 0      
9 Working capital expenditures from proceeds . . . . . . . 0      
10 Capital expenditures from proceeds . . . . . . . . . . 13,125,000      
11 Other spent proceeds . . . . . . . . . . . 0      
12 Other unspent proceeds . . . . . . . . . . . 0      
13 Year of substantial completion . . . . . . . . . . . 2004
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . .   X            
15 Were the bonds issued as part of an advance refunding issue? . . . .   X            
16 Has the final allocation of proceeds been made? . . . . . . X              
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X              
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X            
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X            
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . .   X            
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . .                
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . .   X            
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .                
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.0000%   %   %   %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.0000%   %   %   %
6 Total of lines 4 and 5 . . .. . . . . . . . . 0.0000%   %   %   %
7 Does the bond issue meet the private security or payment test? . . . X              
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X              
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X            
2 Is the bond issue a variable rate issue? X              
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X            
b Name of provider . . . . . . . .  
  		 
  		 
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X            
b Name of provider . . . . . .  
  		 
  		 
  		 
 
c Term of GIC . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . .                
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X            
6 Did the bond issue qualify for an exception to rebate? .   X            
7 Has the organization established written procedures to monitor the requirements of section 148? . . .   X            
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
Schedule K (Form 990) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2011
Schedule L (Form 990 or 990-EZ) 2011
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) GREG STINTON
  		FAMILY MEMBER- D. STINTON 61,040 NAR EMPLOYEE   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Identifier Return Reference Explanation
Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE ORGANIZATION'S BOARD DELEGATES AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT; THE PRESIDENT-ELECT; THE FIRST VICE PRESIDENT; THE TREASURER; THE REGIONAL VICE PRESIDENTS; THE IMMEDIATE PAST PRESIDENT; THE PAST PRESIDENT TWICE-REMOVED; THE VICE PRESIDENT AND LIAISON TO COMMITTEES; THE VICE PRESIDENT AND LIAISON TO GOVERNMENT AFFAIRS; FOUR OTHER PAST PRESIDENTS; TWELVE MEMBERS WHO HAVE NOT SERVED AS PRESIDENT; TWO MEMBERS FROM THE REAL ESTATE SERVICES ADVISORY BOARD; ONE MEMBER BOARD EXECUTIVE OFFICER; AND ONE APPOINTEE OF EACH OF THE INSTITUTES, SOCIETIES AND COUNCILS OF THE NATIONAL ASSOCIATION. THE POLITICAL FUNDRAISING CHAIRMAN AND THE MEMBER MOBILIZATION CHAIRMAN SHALL ALSO SERVE AS NON-VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. THE PRESIDENT SHALL APPOINT, EACH YEAR, TWO PAST PRESIDENTS TO SERVE TWO YEAR TERMS, TO SUCCEED THOSE WHOSE TERMS EXPIRE. AT THE MEETING OF THE BOARD OF DIRECTORS DURING THE NATIONAL CONVENTION, THE PRESIDENT-ELECT SHALL SUBMIT TO THE BOARD OF DIRECTORS SIX NOMINEES, AT LEAST FOUR OF WHOM ARE DIRECTORS, ONE OF WHOM MAY BE A MEMBER WHO HAS PREVIOUSLY SERVED AS A DIRECTOR, AND ONE OF WHOM MAY BE A MEMBER WHO HAS NOT PREVIOUSLY SERVED AS A DIRECTOR, TO SERVE AS MEMBERS OF THE EXECUTIVE COMMITTEE. THE BOARD OF DIRECTORS SHALL ELECT MEMBERS OF THE EXECUTIVE COMMITTEE FROM SUCH NOMINATIONS. THE EXECUTIVE COMMITTEE SHALL CONDUCT THE AFFAIRS OF THE NATIONAL ASSOCIATION IN ACCORDANCE WITH THE POLICIES AND INSTRUCTION OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL MEET ON THE CALL OF THE PRESIDENT, THE BOARD OF DIRECTORS OR ANY ELEVEN OF ITS MEMBERS. THE PRESIDENT SHALL ACT AS CHAIRMAN OF THE EXECUTIVE COMMITTEE. SEVENTEEN MEMBERS SHALL CONSTITUTE A QUORUM. A MEMBER WHO HAS SERVED AS A MEMBER OF THE EXECUTIVE COMMITTEE FOR TERMS AGGREGATING TWENTY (20) YEARS SHALL BE A MEMBER OF THE EXECUTIVE COMMITTEE FOR LIFE UNLESS SOONER TERMINATED BY RESIGNATION FROM THE COMMITTEE OR THE NATIONAL ASSOCIATION.
Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 MAURICE VEISSI - FAMILY RELATIONSHIP, MADELINE VEISSI - FAMILY RELATIONSHIP, ROBERT GOLDBERG - BUSINESS RELATIONSHIP, RICHARD ROSENTHAL - BUSINESS RELATIONSHIP, MARTIN EDWARDS - BUSINESS RELATIONSHIP, HARLEY E. ROUDA - FAMILY RELATIONSHIP, LESLIE R SMITH - FAMILY RELATIONSHIP, ELIZABETH J MENDENHALL - FAMILY RELATIONSHIP, RICHARD A MENDENHALL - FAMILY RELATIONSHIP, DON ASHER - FAMILY RELATIONSHIP, STEVE ASHER - FAMILY RELATIONSHIP, JOSEPH CARNAHAN - FAMILY RELATIONSHIP, THOMAS CARNAHAN - FAMILY RELATIONSHIP, LARRY KEATING - FAMILY RELATIONSHIP, SHARON KEATING - FAMILY RELATIONSHIP, KEITH KELLEY - FAMILY RELATIONSHIP, KOLLEEN KELLEY - FAMILY RELATIONSHIP, NANCY LANE - FAMILY RELATIONSHIP, JESSE LANE - FAMILY RELATIONSHIP, DEANNA WIENER - FAMILY RELATIONSHIP, JUNE WIENER - FAMILY RELATIONSHIP
MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 PER THE INSTRUCTIONS TO THE FORM 990, A MEMBER, AS REFERRED TO IN PART VI, LINE 6, IS DEFINED AS ANY PERSON WHO HAS THE RIGHT TO: 1. ELECT THE MEMBERS OF THE GOVERNING BODY (BUT NOT IF THE MEMBERS OF THE GOVERNING BODY ARE THE ORGANIZATION'S ONLY MEMBERS) OR THEIR DELEGATES; 2. APPROVE OR DENY SIGNIFICANT DECISIONS OF THE GOVERNING BODY; OR 3. RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. NAR'S MEMBERS DO NOT POSSESS THE KINDS OF RIGHTS OUTLINED ABOVE. AS SUCH, THE ORGANIZATION HAS CHECKED "NO" TO THE RESPECTIVE QUESTIONS IN THE FORM 990, PART VI, LINES 6 THROUGH 7B.
Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE NATIONAL ASSOCIATION OF REALTORS' FORM 990 REVIEW PROCESS INCLUDED: 1) A DETAILED REVIEW BY THE CEO, TREASURER AND COMPTROLLER OF THE ORGANIZATION; 2) A REVIEW BY THE ORGANIZATION'S FINANCE COMMITTEE, INCLUDING A PRESENTATION BY THE PAID TAX PREPARER; AND 3) A FINANCE COMMITTEE REPORT TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS.
Conflict of interest policy Form 990, Part VI, Section B, Line 12c ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES OF NATIONAL ASSOCIATION OF REALTORS® (NAR) RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY. THIS POLICY REQUIRES THEM TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO POTENTIAL OR ACTUAL CONFLICTS. ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REVIEWED AND EVALUATED BY THE NAR LEGAL DEPARTMENT, FOLLOWED UP ON BY THE ASSOCIATION'S GENERAL COUNSEL, AND SHARED WITH NAR'S LEADERSHIP. NAR'S LEADERSHIP DETERMINES THE APPROPRIATE STEPS NECESSARY TO ALLEVIATE, MONITOR, AND DEAL WITH CONFLICTS, SUCH AS RESTRICTING THE ACTIONS OF PERSONS WITH A CONFLICT BY PROHIBITING THEM FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS FOR A PARTICULAR TRANSACTION.
WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY FORM 990, PART VI, LINE 14 CURRENTLY, MANY DIVISIONS AND DEPARTMENTS OF NAR HAVE PROCEDURES IN PLACE FOR DOCUMENT RETENTION AND DESTRUCTION. FURTHERMORE, THE LEGAL, FINANCE AND HUMAN RESOURCES DIVISIONS ALL HAVE SPECIFIC PROCEDURES AND POLICIES IN PLACE TO ENSURE THE PROPER RETENTION AND DESTRUCTION OF DOCUMENTS.
Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a NAR RELIES ON A COMPENSATION TEAM TO DETERMINE, REVIEW, AND APPROVE THE COMPENSATION OF THE CEO. THE TEAM CONSISTS OF THE FOLLOWING NAR INDEPENDENT BOARD MEMBERS: PRESIDENT, PRESIDENT-ELECT AND TREASURER. ADDITIONALLY, THE COMPENSATION TEAM IS SUPPORTED BY NAR'S SENIOR VICE PRESIDENT OF HUMAN RESOURCES. COMPARABILITY DATA IS USED BY THE COMPENSATION TEAM TO HELP DETERMINE COMPENSATION. THE MOST RECENT COMPENSATION STUDY WAS CONDUCTED IN NOVEMBER OF 2011. ON AN ANNUAL BASIS, THE CEO HAS A PERFORMANCE EVALUATION WHICH IS USED IN PART TO DETERMINE ANY CHANGES IN PAY (EX. BONUSES AND MERIT INCREASES). IN ADDITION, IF IT IS DETERMINED THAT A SEARCH FOR NEW CEO IS NECESSARY, AN INDEPENDENT CONSULTANT IS HIRED TO ASSIST IN THE COMPENSATION PROCESS. THE LAST SEARCH TOOK PLACE IN 2005 USING LEONARD PFEIFFER AS THE PROFESSIONAL CONSULTANT. WHEN A NEW CEO IS SELECTED OR WHEN A CONTRACT IS EXTENDED, THE ENTIRE NAR LEADERSHIP TEAM MAKES THE FINAL HIRING AND COMPENSATION DETERMINATION. THE DELIBERATIONS AND DECISION MAKING WITH RESPECT TO THE CEO'S COMPENSATION ARE DOCUMENTED ON A TIMELY BASIS BY THE COMPENSATION TEAM. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S CEO WAS LAST UNDERTAKEN IN NOVEMBER OF 2010 FOR THE 2011 CALENDAR YEAR COMPENSATION.
PROCESS USED TO DETERMINE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES FORM 990, PART VI, LINE 15B NAR USES AN OUTSIDE COMPENSATION CONSULTANT TO HELP DETERMINE THE COMPENSATION PACKAGES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES. ONCE NAR'S INDEPENDENT COMPENSATION CONSULTANT DETERMINES THE FINAL COMPENSATION PACKAGES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES, THEY ARE REVIEWED AND APPROVED BY THE CEO. IN SUBSEQUENT YEARS, THE ORGANIZATION WILL USE AN INDEPENDENT CONSULTANT ON AN AS NEEDED BASIS. THIS PROCESS WAS LAST UNDERTAKEN IN THE FOURTH QUARTER OF 2009 FOR THE 2011 COMPENSATION PACKAGES FOR THE POSITIONS OF: *VP FINANCE & COMPTROLLER, *SVP COMMUNICATIONS, *SVP & GENERAL COUNSEL, *SVP HUMAN RESOURCES & OFFICE SERVICES, *SVP MARKETING & BUSINESS DEVELOPMENT.
Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS ARE NOT DISCLOSED TO THE PUBLIC; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST; AND THE FINANCIAL STATEMENTS ARE PROVIDED AS DEEMED APPROPRIATE BY THE COMPTROLLER WITHIN THE GUIDELINES OF NAR'S FINANCIAL DISCLOSURE POLICY.
Average number of hours devoted per week to related organization Form 990, Part VII, Section A, Column B WILLIAM ARMSTRONG - DEVOTES APPROXIMATELY HALF AN HOUR A WEEK TO NAR FUND, A RELATED TAX-EXEMPT ENTITY. BOB GOLDBERG - DEVOTES APPROXIMATELY 2 HOURS A WEEK TO REALTORS INFORMATION NETWORK AND 3 HOURS A WEEK TO SECOND CENTURY VENTURES, RELATED ORGANIZATIONS. JOHN PIERPOINT - DEVOTES APPROXIMATELY 1 HOUR A WEEK TO NAR FUND AND HALF AN HOUR A WEEK TO REALTOR UNIVERSITY AND REALTORS POLITICAL ACTION COMMITTEE, RELATED TAX-EXEMPT ORGANIZATIONS.
Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -6088252; LOSS FROM INVEST IN SUBS - -15008472; CHANGE IN RETIREMENT OBLIGATION - -1379000; PURCHASE OF NONCONTROLLING INT IN SENTRILOCK, LLC - -1748046; DISTRIBUTION TO SENTRILOCK, LLC MEMBERS - -270157; RPR CAPITAL CONTRIBUTIONS - 16585150; UNREALIZED LOSS ON SWAP AGREEMENTS - -816195; CHANGE IN TEMP RES NET ASSETS - RU SCHOLARSHIP FUND CONTRIBUTIONS - 190622;
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

Additional Data


Software ID: 11000230
Software Version: v2011.1.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
NATIONAL ASSOCIATION OF REALTORS
 
Employer identification number

36-1520690
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity







(1) REALTORS PROPERTY RESOURCE LLC
430 N MICHIGAN
CHICAGO,IL60611
36-1520690 		MEMBER SERVICES IL 206,345 11,337,496 NAR
 










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) REALTORS RELIEF FOUNDATION

430 N MICHIGAN AVE

CHICAGO,IL60611
36-4468109 		DISASTER RELIEF IL 501(C)(3) 7 NAR
 
Yes
 
(2) LEONARD P REAUME MEMORIAL FOUNDATION

430 N MICHIGAN AVE

CHICAGO,IL60611
36-3495865 		EDUCATION IL 501(C)(3) PF NAR
 
Yes
 
(3) CENTER FOR SPECIALIZED REALTOR EDUCATION

430 N MICHIGAN AVE

CHICAGO,IL60611
36-4173556 		MEMBER SERVICES IL 501(C)(6) N/A NAR
 
Yes
 
(4) REALTORS POLITICAL ACTION COMMITTEE

430 N MICHIGAN AVE

CHICAGO,IL60611
36-2795122 		POLITICAL ACTIVITY IL 527 N/A NAR
 
Yes
 
(5) NAR FUND

430 N MICHIGAN AVE

CHICAGO,IL60611
26-1725187 		NON-FED ELECTION SUPPORT IL 527 N/A NAR
 
Yes
 
(6) NAR CONGRESSIONAL FUND

430 N MICHIGAN AVE

CHICAGO,IL60611
27-3388377 		POLITICAL ACTIVITY IL 527 N/A NAR
 
Yes
 
(7) REALTOR UNIVERSITY

430 N MICHIGAN

CHICAGO,IL60611
45-2102449 		EDUCATION IL 501(C)(3) 2 CSRE
 
 
No
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership
(1) REALTORS INFORMATION NETWORK INC
430 N MICHIGAN AVE
CHICAGO,IL60611
36-3981966 		REAL ESTATE INFO IL NAR
  		C CORPORATION 1,728,807 7,366,224 100.000 %
(2) SECOND CENTURY VENTURES LLC
430 N MICHIGAN AVE
CHICAGO,IL60611
26-2041343 		REAL ESTATE INFO IL NAR
  		C CORPORATION 1,046,987 6,383,568 100.000 %
(3) SENTRILOCK FINANCE CORP
430 N MICHIGAN AVE
CHICAGO,IL60611
20-3467306 		REAL ESTATE SERV DE NAR
  		C CORPORATION 805 1,079,064 100.000 %
(4) SENTRILOCK LLC
2710 EAST KEMPER ROAD
CINCINNATI,OH45241
20-0070121 		REAL ESTATE SERV OH NAR
  		C CORPORATION 12,407,951 6,376,319 100 %






Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
Yes
 
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
Yes
 
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NAR FUND

 B 415,359 CASH
(2) REALTORS RELIEF FOUNDATION

 B 200,000 CASH
(3) CENTER FOR SPECIALIZED REALTOR EDUCATION

 A 131,670 CASH
(4) CENTER FOR SPECIALIZED REALTOR EDUCATION

 K 55,712 CASH
(5) CENTER FOR SPECIALIZED REALTOR EDUCATION

 R 2,942,226 CASH
(6) REALTORS INFORMATION NETWORK

 A 15,215 CASH
(7) REALTOR INFORMATION NETWORK

 K 256,177 CASH
(8) REALTOR INFORMATION NETWORK

 N 323,501 CASH
(9) REALTOR INFORMATION NETWORK

 R 190,441 CASH
(10) REALTOR PROPERTY RESOURCE

 A 27,233 CASH
(11) REALTORS PROPERTY RESOURCE

 K 55,169 CASH
(12) REALTORS PROPERTY RESOURCE

 R 6,202,796 CASH
(13) SECOND CENTURY VENTURES

 A 13,716 CASH
(14) SECOND CENTURY VENTURES

 K 13,610 CASH
(15) SECOND CENTURY VENTURES

 R 388,727 CASH
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
RELATED ORGANIZATIONS PART III ON DECEMBER 15, 2011, THE NATIONAL ASSOCIATION OF REALTORS BECAME THE SOLE MEMBER OF SENTRILOCK, LLC. EFFECTIVE DECEMBER 15, 2011, SENTRILOCK, LLC IS TAXED AS A CORPORATION.
Additional Data


Software ID: 11000230
Software Version: v2011.1.0