LAKELAND ASSOCIATION OF REALTORS: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LAKELAND ASSOCIATION OF REALTORS (EIN 59-6159096)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-03-07
- IRS object ID
- 201100669349300655
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-03-07T16:28:00-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAYLIS & COMPANY PA CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 53 LAKE MORTON DRIVE | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 338015344 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 596159096 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAKELAND ASSOCIATION OF REALTORS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LAKE | NameControl |
| Phone | 8636876111 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 S FLORIDA AVE NO 100 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD DEMPSEY | Name |
| Title | PRESIDENT | Title |
| Phone | 8636876111 | Phone |
| Date Signed | 2011-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TRACY Y KIMBROUGH | Name |
| Phone | 8636888841 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICHARD DEMPSEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 S FLORIDA AVE NO 100 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 488113 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.LAKELANDREALTORS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1923 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | TO MEET THE NEEDS OF MEMBERS WHILE BUILDING PROFESSIONALISM AND ADVOCATING THE PROTECTION OF PROPERTY RIGHTS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 4 | TotalNbrEmployees |
| Total Nbr Volunteers | 75 | TotalNbrVolunteers |
| Total Gross UBI | 6273 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -15672 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 13315 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 447564 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 316 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3041 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 16941 | OtherRevenuePriorYear |
| Other Revenue Current Year | 17741 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 30572 | TotalRevenuePriorYear |
| Total Revenue Current Year | 468346 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6914 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 59093 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 238093 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 78197 | OtherExpensePriorYear |
| Other Expenses Current Year | 264821 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 137290 | TotalExpensesPriorYear |
| Total Expenses Current Year | 509828 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -106718 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -41482 | RevenuesLessExpensesCY |
| Total Assets BOY | 873668 | TotalAssetsBOY |
| Total Assets EOY | 779578 | TotalAssetsEOY |
| Total Liabilities BOY | 322890 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 270282 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 550778 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 509296 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE LAKELAND ASSOCIATION OF REALTOR'S MISSION IS TO MEET THE NEEDS OF MEMBERS WHILE BUILDING PROFESSIONALISM AND ADVOCATING THE PROTECTION OF PROPERTY RIGHTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | LAR HELD OVER 80 EDUCATION COURSES THROUGHOUT 2010. THESE EDUCATION COURSES WERE DESIGNED TO PROVIDE THE LATEST INFORMATION TO OUR MEMBERS ON TECHNOLOGY, MARKETING SKILLS, AND REAL ESTATE TRENDS. FREQUENT MEMBERSHIP MEETINGS WERE ORGANIZED TO PROVIDE NETWORKING OPPORTUNITIES AND TO BRING IN SPEAKERS AND PRESENTATIONS OF INTEREST TO THE MEMBERSHIP. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE ASSOCIATION PROVIDED SUPPORT TO COMMUNITY PROJECTS SUCH AS PAINT YOUR HEART OUT, LIGHTHOUSE MINISTRIES, LAKELAND WARRIOR WALK, AND ELDERCARE MINISTRIES. THE ASSOCIATION ALSO DONATED TO HAITIAN EARTHQUAKE RELIEF. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | THE LAKELAND ASSOCIATION'S PROFESSIONAL STANDARDS PROCESS PROVIDED A MEANS FOR THE PUBLIC AS WELL AS MEMBERS TO FILE COMPLAINTS AGAINST A MEMBER AND FOR MEMBERS TO SETTLE DISPUTES OVER COMMISSIONS WITHOUT RESORTING TO COURT ACTION. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 4 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BARBARA BARNES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8636876111 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 820 S FLORIDA AVE NO 100 | AddressLine1 |
| City | LAKELAND | City |
| State | FL | State |
| ZIP Code | 33801 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| RICHARD DEMPSEY | ||||||
| PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| DEBBIE WARD-TERRY | ||||||
| PRESIDENT-ELECT | 2.00 | X | X | 0 | 0 | 0 |
| BROOKS CHANDLER | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| BETSY MARTIN | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| SYLVIA MILLER | ||||||
| IMMEDIATE PAST-PRESIDENT | 1.00 | X | X | 0 | 0 | 0 |
| EUGENE STRICKLAND | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CORY PETCOFF | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MACARA PARKER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLIE WILSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LINDA SMITH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOE CHRISTIAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| AARON CHANDLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PHIL MAYS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LYNDA MATTSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PENNY EVANS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SHEILA MANARELLI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LINDA IVELL | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RUSS RHOADS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BARBARA BARNES | ||||||
| EXECUTIVE VICE PRESIDENT | 60.00 | X | 72916 | 0 | 18095 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 72916 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 18095 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| MEMBERSHIP DUES & ASSE | 531390 | 240683 | 240683 |
| SUPRA LOCKBOX/KEY SYST | 531390 | 136809 | 136809 |
| MLS INCOME | 531390 | 61145 | 61145 |
| CONTINUING EDUCATION F | 531390 | 8927 | 8927 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 447564 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3041 | TotalRevenueColumn |
| Exclusion | $3,041 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 10400 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5281 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 5119 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5119 | TotalRevenueColumn |
| Exclusion | $5,119 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 13516 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 7635 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5881 | TotalRevenueColumn |
| Exclusion | $5,881 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 9579 | GrossSalesOfInventory |
| Cost Of Goods Sold | 6851 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2728 | TotalRevenueColumn |
| Unrelated Business Revenue | 2728 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|
| NEWSLETTER REVENUE | 541800 | 3545 | 3545 | |
| MISCELLANEOUS INCOME | 531390 | 468 | $468 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 4013 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 468346 | TotalRevenueColumn |
| Related Or Exempt Function Income | 447564 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 6273 | UnrelatedBusinessRevenue |
| Exclusion | $14,509 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6914 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91011 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111041 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2742 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17710 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15589 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4200 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18620 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2845 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35514 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13327 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38550 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21992 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19140 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20437 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 699 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| SUPRA LEASE EXPENSES | 81183 |
| CONTINUING EDUCATION | 5695 |
| DUES & SUBSCRIPTIONS | 1421 |
| MISCELLANEOUS | 843 |
| TAXES & LICENSES | 256 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 509828 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 449728 | BOY |
| EOY | 321411 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 222241 | BOY |
| EOY | 275253 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 332 | BOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4240 | BOY |
| EOY | 3592 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6856 | BOY |
| EOY | 9266 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 411197 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 241141 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 188871 | BOY |
| EOY | 170056 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1400 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 873668 | BOY |
| EOY | 779578 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 155335 | BOY |
| EOY | 123537 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167050 | BOY |
| EOY | 145990 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 505 | BOY |
| EOY | 755 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 322890 | BOY |
| EOY | 270282 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 550778 | BOY |
| EOY | 509296 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 550778 | BOY |
| EOY | 509296 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 873668 | BOY |
| EOY | 779578 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -41482 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 1 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 60000 | OtherCostOrOtherBasis |
| Book Value | 60000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 242837 | OtherCostOrOtherBasis |
| Depreciation | 164924 | Depreciation |
| Book Value | 77913 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 98145 | OtherCostOrOtherBasis |
| Depreciation | 66501 | Depreciation |
| Book Value | 31644 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10215 | OtherCostOrOtherBasis |
| Depreciation | 9716 | Depreciation |
| Book Value | 499 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 170056 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEPOSITS | Description |
| Amount | $755 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 755 | TotalOfAmounts |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE BOARD OF DIRECTORS APPROVES ALL DONATIONS TO CHARITABLE ORGANIZATIONS. A COMMITTEE GENERALLY MAKES A RECOMMENDATION AND SUBMITS IT TO THE BOARD FOR APPROVAL. ALL GRANTS AND ASSISTANCE RECIPIENTS DURING THE FISCAL YEAR WERE 501(C)(3) CHARITABLE ORGANIZATIONS, INDIVIDUAL CONTRIBUTIONS WERE NO MORE THAN $3,000 AND WERE RECORDED IN THE ASSOCIATION'S ACCOUNTING SYSTEM. ONCE THE DONATIONS ARE MADE THE ASSOCIATION DOES NOT MONITOR THE USE OF THE FUNDS. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ASSOCIATION'S BYLAWS WERE AMENDED IN NOVEMBER 2010. SIGNIFICANT CHANGES INCLUDED THE FOLLOWING: A) THE MAKE-UP OF THE BOARD OF DIRECTORS WAS CHANGED FROM 8 DIRECTORS SERVING 2 YEAR TERMS TO 9 DIRECTORS SERVING 3 YEAR TERMS. THE NUMBER OF DIRECTORS FROM THE SAME OFFICE WHO COULD SERVE ON THE BOARD AT ONE TIME WAS INCREASED FROM 2 TO 3. A BOARD MEMBER WHO CHANGED OFFICES (MAKING 4 MEMBERS FROM THE SAME OFFICE) WAS ALLOWED TO REMAIN ON THE BOARD UNTIL THE END OF THE CALENDAR YEAR, AND THE POSITION OF AFFILIATE DIRECTOR WAS ELIMINATED BEGINNING WITH THE 2012 BOARD OF DIRECTORS. B) THE QUALIFICATIONS FOR TREASURER WERE CHANGED TO REQUIRE SERVICE ON THE FINANCE COMMITTEE FOR AT LEAST ONE YEAR. ALL QUALIFICATIONS TO SERVE AS SECRETARY WERE ELIMINATED. THE PRESIDENT-ELECT TIME FRAME QUALIFICATION FOR SERVICE ON THE BOARD WAS CHANGED TO AT LEAST ONE YEAR WITHIN THE PAST 10 YEARS AS OF THE TIME HE OR SHE TAKES OFFICE. IN ADDITION, THE RESTRICTION ON SERVICE ON THE BOARD TO NO MORE THAN 8 YEARS WITHIN A 10 YEAR PERIOD WAS ELIMINATED, AS WAS THE PROCEDURE FOR NOMINATING AN AFFILIATE DIRECTOR. C) THE PRESIDENT WAS GIVEN THE AUTHORITY TO APPOINT THE CHAIR OF THE NOMINATING COMMITTEE. D) IN ORDER TO FILL A VACANCY IN AN OFFICER POSITION, THE TIME PERIOD FOR PAST SERVICE ON THE BOARD FOR AN APPOINTEE WAS EXTENDED FROM 5 TO 10 YEARS. THE PRESIDENT WAS GIVEN THE POWER TO APPOINT WITH THE APPROVAL OF THE BOARD SOMEONE TO FILL A VACANCY ON THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS SIX CLASSES OF MEMBERS AS FOLLOWS: REALTOR MEMBERS, INSTITUTE AFFILIATE MEMBERS, AFFILIATE MEMBERS, PUBLIC SERVICE MEMBERS, STUDENT MEMBERS, AND HONORARY MEMBERS. REALTOR MEMBERS WHO HAVE HELD MEMBERSHIP IN THE ASSOCIATION FOR AT LEAST 40 YEARS ARE DESIGNATED REALTOR EMERITUS MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | REALTOR MEMBERS, WHETHER PRIMARY OR SECONDARY, IN GOOD STANDING WHOSE FINANCIAL OBLIGATIONS TO THE ASSOCIATION ARE PAID IN FULL ARE ENTITLED TO VOTE AND HOLD ELECTIVE OFFICE IN THE ASSOCIATION. THE ELECTION OF OFFICERS AND DIRECTORS IS HELD EACH YEAR. | |
| FORM 990, PART VI, SECTION A, LINE 8B | COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE, WHICH IS COMPRISED OF THE BOARD PRESIDENT, PRESIDENT-ELECT, SECRETARY/TREASURER, AND IMMEDIATE PAST PRESIDENT. | |
| EACH MEMBER MUST DISCLOSE IN WRITING TO THE BOARD OF DIRECTORS ANY SITUATION THAT MAY PRESENT A POSSIBLE CONFLICT OF INTEREST WHILE DOING BUSINESS ON BEHALF OF THE ASSOCIATION. THE BOARD OF DIRECTORS SHALL ADVISE THE MEMBER IN WRITING AS TO WHETHER OR NOT A CONFLICT EXISTS AND IF NOT, AUTHORIZE THE MEMBER TO PROCEED IN THE MATTER. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE COMPENSATION OF THE EXECUTIVE VICE PRESIDENT IS REVIEWED BY THE ASSOCIATION'S EXECUTIVE COMMITTEE USING COMPARABILITY DATA AND PERFORMANCE MEASURES. THE EXECUTIVE COMMITTEE RECOMMENDS THE EXECUTIVE VICE PRESIDENT'S SALARY TO THE BOARD OF DIRECTORS, WHICH FORMALLY APPROVES HER SALARY NO LATER THAN THE BEGINNING OF THE ASSOCIATION'S FISCAL YEAR. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE ASSOCIATION HAS NO OTHER PAID OFFICERS OR KEY EMPLOYEES. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ASSOCIATION'S GOVERNING DOCUMENTS (BYLAWS AND POLICY MANUAL, WHICH CONTAINS THE CONFLICT OF INTEREST POLICY) ARE ON ITS WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 |