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Untitled Document NATIONAL ASSOCIATION OF REALTORS®
2004 Annual Report: Financial Highlights
Where Your Dues and Annual Assessment Dollars Go
| By the Numbers: NAR's 2004 Operating Expenses | | Information | 7,098,000 | | PR and Communications | 25,868,000 | | Association Structure and Management | 8,551,000 | | Depreciation and Capital Spending | 7,034,000 | | Public Policy | 16,075,000 | | Member Development and Support | 11,042,000 | | Reserves | 7,968,000 | | Technology | 7,014,000 | | Legal | 2,185,000 | | Education | 966,000 | | Total | 93,801,000 | | | | 2004 Gross Income and Gross Expenses | | Gross Revenue From Operations | 126,655,000 | | Gross Expenses From Operations | -115,454,000 | | Net Income From Operations | 11,201,000 | | | | Membership Count | | 2004 | 1,102,250 |
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