Virginia Association of Realtors
The organization was organized to unite its membership in activities to effectively exert a combined influence upon matters affecting the real estate industry, to elevate the standards of the real estate industry throughout the state and to promote the professional and ethical conduct of persons engaged therein, and to promote the common business interests of the real estate industry. In furtherance of these exempt purposes the association provides education and programs specific to the industry, sponsors the annual convention, develops and updates forms that refelct Virginia law as it relates to the real estate industry, and acts as a liason between Virginia realtors and state government.
Key facts about Virginia Association of Realtors
In short: Virginia Association of Realtors gave $35K across 1 grant in 2025 (avg $35K), mostly in Illinois. Source: 2025 IRS Form 990.
- EIN
- 54-0461014
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $35,000
- Grants made (2025)
- 1
- Average grant
- $35,000
- Median grant
- $35,000
- Total assets
- $27,161,530
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$27.2M
+4.5% YoY
Annual Giving
$35K
-77.3% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$35K
-32.0% YoY
How Virginia Association of Realtors gives
- Giving fell 89% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Virginia Association of Realtors
Based on IRS filings
Virginia Association of Realtors is a public charity, based in Glen Allen, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $27.2M in total assets. In 2025, it awarded 1 grant totaling $35K. Net investment income was $2.2M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $35K (2025) to $321K (2022). In 2025 it made 1 grant totaling $35K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Realtors Relief Foundation ($35K).
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 14 grants of 21 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Realtors Relief Foundation Chicago, IL | Support Homeowners During Disasters | $35,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $27,161,530 | $25,999,957 | $25,407,136 |
| Revenue | $10,504,790 | $9,660,304 | $9,482,797 |
| Expenses | $8,731,900 | $9,934,205 | $9,521,758 |
| Net Investment Income | $2,203,895 | $1,259,100 | $751,018 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 17, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 15, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Virginia Association of Realtors is led by Richard Lugg, CEO on the 2025 filing; 8 of 35 officers listed in 2025 are compensated.
Officers on the 2025 filing
Richard Lugg
CEO
New on the 2025 filing
40 hrs/week
$366K (2025)
Lorraine Arora
President
Vice President → President-Elect, 2024
President-Elect → President, 2025
On filings since 2019
2 hrs/week
No compensation reported
Adam Smith
Chief Programs Officer
Senior Vice President of Member Programs → Chief Programs Officer, 2024
On filings since 2019
40 hrs/week
$118K (2019) → $220K (2025)
Martin Johnson
Chief External Affairs Officer
Chief Expternal Affairs of → Interim CEO, 2024
Interim CEO → Chief External Affairs Officer, 2025
On filings since 2019
40 hrs/week
$252K (2019) → $300K (2025)
Stephen Daley
Senior Vice President, Marketing & Membership
Senior Vice President of Marketing & Events → Senior Vice President, Marketing & Membership, 2025
On filings since 2019
40 hrs/week
$125K (2019) → $168K (2025)
Terrie Suit
Former CEO
CEO → Former CEO, 2025
On filings since 2019
$395K (2019) → $319K (2025)
Mary Lawson
Chief Lobbyist
Senior Vice President of Government Relations → Senior Vice President of Government Re, 2023
Senior Vice President of Government Re → Chief Lobbyist, 2025
On filings since 2022
40 hrs/week
$155K (2022) → $212K (2025)
Ryan Price
Senior Vice President & Chief Economist
On filings since 2022
40 hrs/week
$183K (2022) → $212K (2025)
Erin Korman
General Counsel & Chief Advocacy Officer
New on the 2025 filing
40 hrs/week
$212K (2025)
Karen Smith
Board Member
Board → Board Member, 2025
On filings since 2019
2 hrs/week
No compensation reported
Andrew Drew Fristoe
Board Member
Board → Board Member, 2025
On filings since 2020
2 hrs/week
No compensation reported
Chandra Patterson
Board Member
Board → Board Member, 2025
On filings since 2020
2 hrs/week
No compensation reported
Curt Reichstetter
President - Elect
Treasurer → Vice President, 2024
Vice President → President - Elect, 2025
On filings since 2020
2 hrs/week
No compensation reported
Diron Clements
Treasurer
Board → Treasurer, 2025
On filings since 2020
2 hrs/week
No compensation reported
Sherry Maser
Vice President
Board → Treasurer, 2024
Treasurer → Vice President, 2025
On filings since 2020
2 hrs/week
No compensation reported
Vonda Lacey
Board Member
Board → Board Member, 2025
On filings since 2020
2 hrs/week
No compensation reported
Cynthia Hawks White
Board Member
Board → Board Member, 2025
On filings since 2022
2 hrs/week
No compensation reported
Kaera Mims
Board Member
Board → Board Member, 2025
On filings since 2022
2 hrs/week
No compensation reported
Donna Patton
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Gary Lange Jr.
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Guy Allen
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Lynn Grimsley
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Mary Ellsworth
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Michelle Doherty
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Rachel Foster
Board Member
Board → Board Member, 2025
On filings since 2023
2 hrs/week
No compensation reported
Cynthia Hornsby
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Derrick Swaak
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
John Finn
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Mary Ann Burstein
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Reggie Copeland
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Tamar Myers-Moffatt
Board Member
Board → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Charles Edmonds
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Kelly Griffin
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Nicole Canole
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Traci Shoberg
Board Member
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (70)
- Former: Dallison Veach (2019–2024) — Board
- Former: Katrina Smith (2019–2024) — Immediate Past President
- Former: Linda Buskey (2019–2024) — Board
- Former: Rick Lugg (2019–2024) — COO & CFO
- Former: Thomas Campbell (2019–2024) — President
- Former: Fatima Pereira (2020–2024) — Board
- Former: Kenneth Hensley (2021–2024) — Board
- Former: Deborah Baxter (2022–2024) — Board
- Former: Elizabeth Grant (2022–2024) — Board
- Former: Keith Smith (2022–2024) — Board
- Former: Nicholas Lagos (2022–2024) — Board
- Former: Quinton Beckham (2022–2024) — Board
- Former: Laura Murray (2023–2024) — Senior Vice President & General Counsel
- Former: Rebecca Miller (2023–2024) — Board
- Former: Debbie Werling (2024) — Board
- Former: Mary Harris (2024) — Board
- Former: W. McClellan (2024) — Board
- Former: Angelica Delboy (2019–2023) — Board
- Former: Bernard Hamann (2019–2023) — Board
- Former: Denise Ramey (2019–2023) — Immediate Past President
- Former: Edward Atiyeh (2019–2023) — Board
- Former: Karen Hall (2019–2023) — Board
- Former: Steven Overgard (2019–2023) — Board
- Former: Nancy Piland (2020–2023) — Board
- Former: Peggy Todd (2021–2023) — Board
- Former: Robyn Burdett (2021–2023) — Board
- Former: Tanya Monroe (2022–2023) — Board
- Former: John Powell (2023) — Board
- Former: Page Browning (2023) — Board
- Former: Vic Coffey (2023) — Board
- Former: Beth Dalton (2019–2022) — Immediate Past President
- Former: Betty Kingery (2019–2022) — Board
- Former: Laura Farley (2019–2022) — Senior Vice President & General Counsel
- Former: Nancy Steorts (2019–2022) — Board
- Former: Shane McCullar (2019–2022) — Board
- Former: William Wiard IV (2019–2022) — Board
- Former: Robert Dawson (2020–2022) — Board
- Former: Margaret Peggy Burke (2021–2022) — Board
- Former: Kit Hale (2022) — Board
- Former: Mayra Pineda (2022) — Board
- Former: Heather Embrey (2019–2021) — Board
- Former: Keith Canty (2019–2021) — Board
- Former: Paul Dicicco (2019–2021) — Board
- Former: Elizabeth Weis (2020–2021) — Board
- Former: Lisa Sturtevant (2020–2021) — Senior Vice President & Chief Economist
- Former: Rachel Anker-Johnson (2020–2021) — Board
- Former: Carl Burt (2021) — Board
- Former: John Kurt Negaard (2021) — Board
- Former: Kemper Funkhouser (2021) — Immediate Past President
- Former: Laura Lafayette (2021) — Board
- Former: Leslie Frazier (2021) — Senior Vice President of Community & Industry Relations
- Former: Beckwith Kilgore (2019–2020) — Immediate Past President
- Former: Dan Vollmer (2019–2020) — Board
- Former: Erin Barton (2019–2020) — Deputy Legislative Counsel
- Former: Gail Gowin (2019–2020) — Board
- Former: J. Kemper Funkhouser (2019–2020) — President
- Former: Nathan Hughes (2019–2020) — Board
- Former: Thai Hung Nguyen (2019–2020) — Board
- Former: Gladys Fain (2020) — Board
- Former: Michelle Jewel (2020) — Board
- Former: Antoinette Brown (2019) — Board
- Former: April Thomas (2019) — Board
- Former: Barbara Sgueglia (2019) — Board
- Former: Elizabeth Gatewood (2019) — Board
- Former: H. Paige Manuel (2019) — Board
- Former: Jay Mitchell (2019) — Immediate Past President
- Former: John Brockwell (2019) — Board
- Former: Matthew Kahn (2019) — Board
- Former: Merlyn Banks (2019) — Board
- Former: Tracey Floridia (2019) — Vice President of Conferences & Events
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $366K, to Richard Lugg (CEO). 8 officers or directors reported compensation on that filing.
Frequently asked questions about Virginia Association of Realtors
How much does Virginia Association of Realtors give each year?
Virginia Association of Realtors gave $35K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $155K across 3 grants.
How large is Virginia Association of Realtors?
Virginia Association of Realtors reported $27.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $10.5M.
Where does Virginia Association of Realtors operate?
Virginia Association of Realtors has awarded grants in Hawaii, Illinois, Virginia, Vermont.
What is Virginia Association of Realtors's EIN?
Virginia Association of Realtors's EIN (Employer Identification Number) is 54-0461014. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Virginia Association of Realtors by hand.
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Virginia Association of Realtors down — hundreds of funders to go?