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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Virginia Association of Realtors

Virginia Association of Realtors

Fiscal year ending 2024. Filed on May 15, 2025.

10231 Telegraph Road
Glen Allen, Virginia 23059

Virginia Association of Realtors (EIN: 54-0461014) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Virginia Association of Realtors, a 501(c)(6) business league, reported compensation for 7 out of 40 total employees. Among the employees shown here, the average compensation is $324,949. The highest compensated employee at Virginia Association of Realtors is Terrie Suit with fiscal year 2024 compensation of $554,280.

Revenue, expenses, and employee compensation

Revenue

$9,660,304

Expenses

$9,934,205

Employee compensation

$6,298,395
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Terrie Suit
Chief Executive Officer
$554,280
$532,021 No related comp$22,259
Martin Johnson
Interim Chief Executive Officer
$358,959
$341,700 No related comp$17,259
Rick Lugg
Chief Financial Officer and Chief Operating Officer
$349,582
$326,480 No related comp$23,102
Laura Murray
Senior Vice President and General Counsel
$332,210
$306,742 No related comp$25,468
Adam Smith
Chief Program Officer
$227,817
$206,904 No related comp$20,913
Mary Lawson
Senior Vice President of Government RE
$226,064
$204,800 No related comp$21,264
Ryan Price
Senior Vp/Chief Economist
$225,731
$204,800 No related comp$20,931

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Fristoe
Board Member
Chandra Patterson
Board Member
Curt Reichstetter
Vice President
Cynthia Hawks White
Board Member
Cynthia Hornsby
Board Member
Dallison Veach
Board Member
Debbie Werling
Board Member
Deborah Baxter
Board Member
Derrick Swaak
Board Member
Diron Clements
Board Member
Donna Patton
Board Member
Elizabeth Grant
Board Member

Contractors

Forewarn
Safety App
$270,528
Sidley Austin LLP
Legal
$104,355

Mission Statement

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

Revisions to this organization profile

May 15, 2025:
2024 Virginia Association of Realtors 990 filed
April 8, 2024:
2023 Virginia Association of Realtors 990 filed
May 10, 2023:
2022 Virginia Association of Realtors 990 filed

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Other organizations also named Virginia Association of Realtors

Northern Virginia Association of Realtors
Fairfax, Virginia
West Virginia Association of Realtors Inc.
Charleston, West Virginia
Southside Virginia Association of Realtors Inc.
Colonial Heights, Virginia