The Auditors work with OREA to determine an appropriate level of designated reserves on an
The future and prudent use of OREA’s unrestricted net assets (what some have referred to as
‘unrestricted reserves’) is also reviewed on an ongoing basis. We created a video explaining
more about OREA’s reserves here.
The Auditors have also provided advice on what those unrestricted net assets cannot be used
for. To protect OREA’s tax-exempt status as a non-profit organization, OREA’s income cannot
be distributed or made available to its Members and/or Member Boards. OREA’s resources are
to be used to carry out programs and activities that are consistent with its corporate
purposes as a member-based industry association for the betterment of the industry and its
membership as a whole.
OREA’s current restricted reserves are intended to be expended on assets, activities and
programs within the framework of its corporate purposes, including a building reserve,
technology reserve, political action/advocacy reserve, legal defense reserve, and a dues
stabilization reserve, amongst others.