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Nonprofiteer
← FREDERICK COUNTY ASSOC OF REALTORS INC

Form 990 for tax year 2025

Filed by FREDERICK COUNTY ASSOC OF REALTORS INC.

Totals

Total revenue
$721,717
Total expenses
$777,735
Contributions and grants received
$465,286
Grants paid
$0
Program service revenue
$115,587
Investment income
$54,677
Other revenue
$86,167
Total assets, end of year
$2,876,471
Total liabilities, end of year
$1,016,056
Net assets or fund balances, end of year
$1,860,415
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

    $465,286

  • 2a · Program service revenue: SENTRILOCK SERVICES

    total $44,913 · related or exempt $44,913

  • 2b · Program service revenue: COMMITTEE RELATED

    total $40,248 · related or exempt $40,248

  • 2c · Program service revenue: EDUCATIONAL SEMINARS

    total $13,176 · related or exempt $13,176

  • 2d · Program service revenue: ZIPLOGIX COMMISSIONS

    total $13,050 · related or exempt $13,050

  • 2e · Program service revenue: ADVERTISING

    total $4,200 · unrelated business $4,200

  • 3 · Investment income

    total $30,645 · excluded $30,645

  • 7a · Gross sales of assets other than inventory

    securities $24,032

  • 7c · Gain or loss

    securities $24,032

  • 7d · Net gain or loss

    total $24,032 · related or exempt $24,032

  • 8a · Fundraising events: gross income

    $49,747

  • 8c · Net income from fundraising events

    total $49,747

  • 10a · Gross sales of inventory

    $18,836

  • 10c · Net income from sales of inventory

    total $18,836 · related or exempt $18,836

  • 11a · Other revenue: MISCELLANEOUS

    total $17,584 · related or exempt $17,584

  • 11e · Other revenue, total

    $17,584

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,187

  • 7 · Other salaries and wages

    total $187,136

  • 9 · Other employee benefits

    total $6,596

  • 10 · Payroll taxes

    total $21,591

  • 11b · Fees: legal

    total $1,678

  • 11c · Fees: accounting

    total $36,945

  • 11f · Fees: investment management

    total $6,690

  • 13 · Office expenses

    total $36,928

  • 16 · Occupancy

    total $28,998

  • 20 · Interest

    total $50,905

  • 22 · Depreciation, depletion and amortization

    total $73,919

  • 24a · Other expenses: COMMITTEES

    total $134,499

  • 24b · Other expenses: ADMINISTRATION

    total $38,539

  • 24c · Other expenses: INVENTORY COST

    total $16,087

  • 24d · Other expenses: BANK FEES

    total $13,370

  • 24e · All other expenses

    total $25,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,787 · end of year $134,082

  • 4 · Accounts receivable

    beginning of year $450 · end of year $2,865

  • 8 · Inventories for sale or use

    beginning of year $14,233 · end of year $10,364

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,492 · end of year $19,819

  • 10a · Land, buildings and equipment: cost or other basis

    $2,201,763

  • 10b · Land, buildings and equipment: accumulated depreciation

    $142,162

  • 10c · Land, buildings and equipment, net

    beginning of year $2,133,520 · end of year $2,059,601

  • 11 · Investments: publicly traded securities

    beginning of year $641,405 · end of year $649,268

  • 15 · Other assets

    beginning of year $472 · end of year $472

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,576 · end of year $15,864

  • 19 · Deferred revenue

    beginning of year $160,540 · end of year $147,211

  • 23 · Secured mortgages and notes payable

    beginning of year $845,153 · end of year $829,859

  • 25 · Other liabilities

    beginning of year $16,838 · end of year $23,122

  • 27 · Net assets without donor restrictions

    beginning of year $1,882,252 · end of year $1,860,415

Mission and programs · 2025

Mission

THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES TRUST AND CONFIDENCE THROUGH THE SUPPORT OF APPROXIMATELY 1,200 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 2025 return.

Listed in Part VII

  • Hugh E Gordon

    ASSOCIATION

    Total calculated
    $98,187
    From this org
    $98,187
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Brandi Dillon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Julie Larson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Tracy Grubb

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Terez Dorsey

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    4

  • Kris Alcorn

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Soraya Gillespie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tom Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William Armstrong

    HONORARY DIR

    Total calculated
    $0
    Hours/week
    2

  • Hanna Houck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Highland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Cumberland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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
2025
Filed
20 May 2026
IRS schema version
2025v4.0
Source object
202602309349300505

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