2018-01-11T12:00:48-06:00 2017-09-30 LEEPER KEAN & RUMLEY LLP 3625 N ELM STREET SUITE 100-A GREENSBORO NC 27455 990 2016-10-01 560509232 GREENSBORO REGIONAL REALTORS ASSOCIATIONINC % MICHAEL BARR GREE 3368545868 23 OAK BRANCH DRIVE GREENSBORO NC 27407 MICHAEL BARR EXECUTIVE DIRECTOR 3368545868 2018-01-05 true JOHN E KEAN P00749511 3362743700 66.194.18.50 56669920180115000000 2018-01-11 P 88C6113D05ABD8360FD1CB37481103C89423C145 11520B6FD0C074A4DEBD7744CD26BE7901CF30EF 2016 2021-01-29 14:40:06Z MICHAEL BARR 23 OAK BRANCH DRIVE GREENSBORO NC 27407 2142294 false X www.grra.org X 1956 NC TO PROMOTE COMMUNITY ACCESS TO THE REAL ESTATE PROFESSION AND TO PROVIDE A GOVERNING BODY WHILE PROVIDING SUPPORT AND EDUCATION FOR THOSE IN THE REAL ESTATE PROFESSION. 16 16 12 0 1328903 50359 0 0 1546397 1911541 11234 21631 123378 126981 1681009 2060153 28031 17210 0 0 409878 484232 0 0 0 1077052 1331357 1514961 1832799 166048 227354 4769583 5292437 719975 821583 4049608 4470854 TO SUPPORT ITS MEMBERS IN THEIR BUSINESS PURSUITS BY PROMOTING THE HIGHEST PROFESSIONAL ETHICS AND BEING THE PRIMARY PROVIDER FOR QUALITY SERVICES, EDUCATION AND REAL ESTATE INFORMATION IN OUR MARKET AREA. false false THE ASSOCIATION UNITES THE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. THE ASSOCIATION EXERTS THIS INFLUENCE PRIMARILY THROUGH ITS SUBSTANTIAL CONTINUING EDUCATION PROGRAM, THEREBY FACILITATING EFFICIENT TRANSACTIONS AND ORDERLY MARKETS. COMMITTEES INVOLVED IN THESE PROGRAMS INCLUDE THE EDUCATION COMMITTEE, INDOCTRINATION COMMITTEE, AND BUILDERS/REALTORS COUNCIL. THE ASSOCIATION PROMOTES AND MAINTAINS HIGH STANDARDS OF CONDUCT IN THE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS. THE ASSOCIATION PROMOTES THESE STANDARDS THROUGH PUBLICATIONS AND PRESENTATIONS AND THROUGH ARBITRATION AND MEDIATION OF DISPUTES. COMMITTEES INVOLVED ARE THE GRIEVANCE COMMITTEE, PROFESSIONAL STANDARDS COMMITTEE, AND EQUAL OPPORTUNITY COMMITTEE. THE ASSOCIATION PROVIDES A UNIFIED MEDIUM FOR THE PROFESSION AND REAL ESTATE OWNERS WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED. THE ASSOCIATION ADVANCES THE INTERESTS OF THE PROFESSION PRIMARILY THROUGH MONITORING LEGISLATIVE AND REGULATORY DEVELOPMENTS OF INTEREST TO IT AND PROVIDING TESTIMONY ON PROPOSALS. false false false true false false false false false true true false false false true true false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 12 true true true false false false false false X 16 16 false false false false false false false true true false false true true true true true true true false false X MICHAEL BARR 3368545868 23 OAK BRANCH DRIVE GREENSBORO NC 27407 Kathy Haines President 5.0 0.0 X X 0 0 0 Diana Davis President-Elect 5.0 0.0 X X 0 0 0 Bob Bates IMMEDIATE PAST PRESIDENT 1.0 0.0 X X 0 0 0 Tiffany Clark TREASURER 3.0 0.0 X X 0 0 0 Stacy Hiers Assistant Treasurer 3.0 0.0 X X 0 0 0 Ray Alexander BOARD MEMBER 1.0 0.0 X 0 0 0 WILLIAM STEVEN ALLEN BOARD MEMBER 1.0 0.0 X 0 0 0 LATONDRA BONDS BOARD MEMBER 1.0 0.0 X 0 0 0 HEATHER DODSON BOARD MEMBER 1.0 0.0 X 0 0 0 Ken Leonard BOARD MEMBER 1.0 0.0 X 0 0 0 Johnnye Letterman BOARD MEMBER 1.0 0.0 X 0 0 0 Hilburn Michel BOARD MEMBER 1.0 0.0 X 0 0 0 Faye Shelton BOARD MEMBER 1.0 0.0 X 0 0 0 Dawn Stone BOARD MEMBER 1.0 0.0 X 0 0 0 BILL STRICKLAND BOARD MEMBER 1.0 0.0 X 0 0 0 Wayne Young BOARD MEMBER 1.0 0.0 X 0 0 0 MICHAEL BARR CHIEF EXECUTIVE OFFICER 40.0 0.0 X 121518 0 0 121518 0 0 1 false false false 0 X 0 MULTIPLE LISTING SERVICE (MLS) SALES 541519 1216279 1216279 MEMBERSHIP DUES 541900 519294 519294 ASSOCIATION APPLICATION FEES 541900 131639 131639 MLS APPLICATION FEES 531390 28600 28600 EDUCATIONAL SERVICES 611430 15729 15729 1911541 21631 21631 0 0 87138 79880 7258 0 7258 7258 0 0 0 0 0 0 0 651 2261 -1610 -1610 MANAGEMENT FEE INCOME 541610 84024 84024 MISCELLANEOUS INCOME 900099 37309 37309 121333 2060153 709619 1328903 21631 X 17210 0 0 0 124051 0 260949 12882 54937 31413 0 105 15329 0 0 0 941712 10977 99125 0 0 50674 38918 0 75249 0 0 59608 2884 INCOME TAXES 26000 OTHER CONTRACT COSTS 7200 DUES & SUBSCRIPTIONS 3576 1832799 X 52127 575 3548336 3083276 0 0 25589 24354 0 0 0 0 0 0 5563 5563 24593 57143 1733960 1106158 690239 627802 173708 1205296 249428 288428 0 0 0 0 0 0 4769583 5292437 26248 27583 0 0 689200 794000 0 0 0 0 0 0 0 0 0 0 4527 0 719975 821583 X 4049608 4470854 0 0 0 0 4049608 4470854 4769583 5292437 X 227354 58674 135218 X false true X false false false true false 175174 175174 1281232 908502 372730 277554 197656 79898 627802 288428 288428 0 INCOME TAXES PAYABLE 0 0 X 2141900 58674 26750 -85818 -394 2142294 -82141 -82141 2060153 1855872 26750 82141 108891 1746981 85818 85818 1832799 PART X, LINE 2 THE ASSOCIATION ADOPTED THE PROVISIONS FASB ASC 740-10 ON OCTOBER 1, 2009. UNDER THESE PROVISIONS, IF THE ASSOCIATION ADOPTS AN UNCERTAIN TAX POSITION, IT WOULD RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ASSOCIATION HAS RECOGNIZED NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ASSOCIATION HAS NO TAX POSITION AT SEPTEMBER 30, 2017 FOR WHICH THE ULTIMATE DEDUCTIBILITY IS HIGHLY CERTAIN BUT FOR WHICH THERE IS UNCERTAINTY ABOUT THE TIMING OF SUCH DEDUCTIBILITY. THE ASSOCIATION RECOGNIZES ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN THE YEAR INCURRED. NO SUCH INTEREST OR PENALTIES WERE RECOGNIZED DURING THE YEAR ENDED SEPTEMBER 30, 2017. THE ASSOCIATION HAD NO ACCRUALS FOR INTEREST AND PENALTIES AT SEPTEMBER 30, 2017. PART XI, LINE 2D & PART XII, LINE 4B DIRECT PROGRAM EXPENSES NETTED WITH GROSS PROGRAM SERVICE REVENUE FOR FINANCIAL STATEMENT PRESENTATION, REPORTED SEPERATELY AS FUNCTIONAL EXPENSES ON PART IX. PART XI, LINE 4B & PART XII, LINE 2D DIRECT RENTAL EXPENSES TOTALING $79,880 REPORTED ON PART VIII, LINE 6B, NETTED WITH GROSS RENTAL INCOME. DIRECT COST OF GOODS SOLD EXPENSES TOTALING $2,261 REPORTED ON PART VIII, LINE 10B, NETTED WITH GROSS INCOME FROM THE SALES OF INVENTORY. PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO MICHAEL BARR, THE CEO, WHO REVIEWS ALL NUMBERS AND ANSWERS FOR ACCURACY AND CORRECTNESS AND SUGGESTS ANY CHANGES THAT MAY NEED TO BE MADE. PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE ASKED IF THERE ARE ANY CONFLICTS AND ARE REQUIRED TO SIGN OFF ON THE POLICY. PART VI, SECTION B, LINE 15A CEO SALARY IS DETERMINED BY USING AN ANNUAL SALARY SURVEY BY BOTH THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AND THE NATIONAL ASSOCIATION OF REALTORS. PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. PART XI, LINE 9 During March 2017, the Rockingham County Association of Realtors ("RCRC") merged into the Association increasing cash and net assets by $135,218. FORM 990 PART IX LINE 11G DESCRIPTION:MLS/TRIAD USERS FEE TOTAL FEES:828370 FORM 990 PART IX LINE 11G DESCRIPTION:ORGANIZATIONAL FEES & SERVICES TOTAL FEES:113342 GREENSBORO REGIONAL REALTORS FOUNDATION 23 OAK BRANCH DRIVE GREENSBORO NC 27407 237445192 MAKES GRANTS NC 501(C)(3) 10 NA false false true false false false false false false false false false false false false false true false false