Form 990 for tax year 2023
Filed by FREDERICK COUNTY ASSOC OF REALTORS INC.
Totals
- Total revenue
- $761,514
- Total expenses
- $687,634
- Contributions and grants received
- $473,022
- Grants paid
- $0
- Program service revenue
- $153,853
- Investment income
- $87,023
- Other revenue
- $47,616
- Total assets, end of year
- $3,046,271
- Total liabilities, end of year
- $1,086,840
- Net assets or fund balances, end of year
- $1,959,431
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$473,022
-
2a · Program service revenue: COMMITTEE RELATED
total $65,666 · related or exempt $65,666
-
2b · Program service revenue: SENTRILOCK SERVICES
total $53,719 · related or exempt $53,719
-
2c · Program service revenue: ZIPLOGIX COMMISSIONS
total $17,118 · related or exempt $17,118
-
2d · Program service revenue: EDUCATIONAL SEMINARS
total $14,893 · related or exempt $14,893
-
2e · Program service revenue: ADVERTISING
total $2,457 · unrelated business $2,457
-
3 · Investment income
total $78,438 · excluded $78,438
-
7a · Gross sales of assets other than inventory
other assets $8,585
-
7c · Gain or loss
other assets $8,585
-
7d · Net gain or loss
total $8,585 · related or exempt $8,585
-
10a · Gross sales of inventory
$11,017
-
10c · Net income from sales of inventory
total $11,017 · related or exempt $11,017
-
11a · Other revenue: MISCELLANEOUS
total $36,599 · related or exempt $36,599
-
11e · Other revenue, total
$36,599
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $94,525
-
7 · Other salaries and wages
total $177,727
-
9 · Other employee benefits
total $7,351
-
10 · Payroll taxes
total $20,382
-
11b · Fees: legal
total $1,616
-
11c · Fees: accounting
total $30,199
-
11f · Fees: investment management
total $11,484
-
13 · Office expenses
total $49,207
-
16 · Occupancy
total $78,439
-
22 · Depreciation, depletion and amortization
total $13,253
-
23 · Insurance
total $3,803
-
24a · Other expenses: COMMITTEES
total $124,729
-
24b · Other expenses: BOD RETREAT
total $24,977
-
24c · Other expenses: TRAINING
total $18,195
-
24d · Other expenses: BANK FEES
total $12,407
-
24e · All other expenses
total $19,340
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $195,868 · end of year $213,181
-
8 · Inventories for sale or use
beginning of year $14,876 · end of year $14,837
-
9 · Prepaid expenses and deferred charges
beginning of year $3,496 · end of year $3,502
-
10a · Land, buildings and equipment: cost or other basis
$1,820,665
-
10b · Land, buildings and equipment: accumulated depreciation
$115,927
-
10c · Land, buildings and equipment, net
beginning of year $120,742 · end of year $1,704,738
-
11 · Investments: publicly traded securities
beginning of year $1,603,268 · end of year $1,079,259
-
15 · Other assets
beginning of year $75,612 · end of year $30,754
-
17 · Accounts payable and accrued expenses
beginning of year $5,262 · end of year $8,427
-
19 · Deferred revenue
beginning of year $169,727 · end of year $180,181
-
23 · Secured mortgages and notes payable
end of year $850,000
-
25 · Other liabilities
beginning of year $81,576 · end of year $48,232
-
27 · Net assets without donor restrictions
beginning of year $1,757,297 · end of year $1,959,431
Mission and programs · 2023
Mission
THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES TRUST AND CONFIDENCE THROUGH THE SUPPORT OF APPROXIMATELY 900 MEMBERS.
Activities or mission (Part I)
THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES CONSUMER TRUST AND CONFIDENCE THROUGH THE SUPPORT OF ITS MEMBERS.
-
MEMBERSHIP SERVICES EXPENDITURES CONSIST OF MEMBERSHIP COSTS, AWARDS AND SPECIAL EVENTS, MEMBER SUPPLIES, COMMUNITY SERVICES, CONTRIBUTIONS, TRADE SHOWS, COMMITTEE EXPENDITURES AND PROFESSIONAL STANDARDS.
As filed on the 2023 return.
Listed in Part VII
-
Hugh E GordonHUGH E GORDON
ASSOCIATION
- Total calculated
- $94,525
- From this org
- $94,525
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Darren AhearnDARREN AHEARN
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Kris AlcornKRIS ALCORN
PRESIDENT EL
- Total calculated
- $0
- Hours/week
- 5
-
William ArmstrongWILLIAM ARMSTRONG
HONORARY DIR
- Total calculated
- $0
- Hours/week
- 4
-
Thomas CampbellTHOMAS CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Tony ChecchiaTONY CHECCHIA
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 3
-
Brandi DillonBRANDI DILLON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Terez DorseyTEREZ DORSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Meg GawlerMEG GAWLER
STRATEGIC PA
- Total calculated
- $0
- Hours/week
- 3
-
Soraya GillespieSORAYA GILLESPIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Chris HighlandCHRIS HIGHLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Amos MartinAMOS MARTIN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423139349300342
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