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Nonprofiteer
← NEWNAN COWETA BOARD OF REALTORS

Form 990 for tax year 2024

Filed by NEWNAN COWETA BOARD OF REALTORS.

Totals

Total revenue
$308,916
Total expenses
$342,725
Contributions and grants received
$21,080
Grants paid
$5,600
Program service revenue
$238,283
Investment income
$7,561
Other revenue
$41,992
Total assets, end of year
$433,834
Total liabilities, end of year
$120,451
Net assets or fund balances, end of year
$313,383
Program services expenses (Part IX)
$234,961
Management and general expenses
$88,801
Fundraising expenses
$18,963
Program service expenses (Part III)
$234,961

Program services were 68.6% 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.

  • 1f · All other contributions, gifts and grants

    $21,080

  • 2a · Program service revenue: REALTOR DUES

    total $157,789 · related or exempt $157,789

  • 2b · Program service revenue: MILLION DOLLAR CLUB

    total $36,555 · related or exempt $36,555

  • 2c · Program service revenue: MEMBERSHIP MEETING

    total $24,195 · related or exempt $24,195

  • 2d · Program service revenue: CONTINUING EDUCATION

    total $12,172 · related or exempt $12,172

  • 2e · Program service revenue: AFFILIATE DUES

    total $7,572 · related or exempt $7,572

  • 3 · Investment income

    total $7,561 · excluded $7,561

  • 8a · Fundraising events: gross income

    $73,644

  • 8b · Fundraising events: direct expenses

    $41,825

  • 8c · Net income from fundraising events

    total $31,819

  • 11a · Other revenue: LATE FEES

    total $7,450 · related or exempt $7,450

  • 11b · Other revenue: MISC INCOME

    total $1,823 · related or exempt $1,823

  • 11c · Other revenue: MISC FUNDRAISING

    total $900 · related or exempt $900

  • 11e · Other revenue, total

    $10,173

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,600 · program services $5,600

  • 7 · Other salaries and wages

    total $130,816 · program services $111,193 · management and general $13,082 · fundraising $6,541

  • 10 · Payroll taxes

    total $14,157 · program services $12,033 · management and general $1,416 · fundraising $708

  • 11b · Fees: legal

    total $633 · management and general $633

  • 11c · Fees: accounting

    total $13,525 · management and general $13,525

  • 11g · Fees: other

    total $34,103 · management and general $22,710 · fundraising $11,393

  • 13 · Office expenses

    total $26,754 · management and general $26,754

  • 14 · Information technology

    total $9,114 · program services $7,747 · management and general $1,367

  • 16 · Occupancy

    total $6,415 · program services $5,452 · management and general $642 · fundraising $321

  • 20 · Interest

    total $959 · management and general $959

  • 22 · Depreciation, depletion and amortization

    total $7,037 · management and general $7,037

  • 23 · Insurance

    total $676 · management and general $676

  • 24a · Other expenses: CONVENTION AND CPE

    total $54,799 · program services $54,799

  • 24b · Other expenses: MEETING EXPENSES

    total $29,737 · program services $29,737

  • 24c · Other expenses: DONATIONS

    total $8,400 · program services $8,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,790 · end of year $120,836

  • 2 · Savings and temporary cash investments

    beginning of year $133,626 · end of year $25,267

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,588 · end of year $6,193

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

    $49,413

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

    $44,151

  • 10c · Land, buildings and equipment, net

    beginning of year $5,784 · end of year $5,262

  • 11 · Investments: publicly traded securities

    beginning of year $110,356 · end of year $257,646

  • 15 · Other assets

    end of year $18,630

  • 19 · Deferred revenue

    end of year $96,749

  • 24 · Unsecured notes and loans payable

    beginning of year $1,036

  • 25 · Other liabilities

    end of year $23,702

  • 27 · Net assets without donor restrictions

    beginning of year $452,682 · end of year $313,383

  • 28 · Net assets with donor restrictions

    beginning of year $8,426

Mission and programs · 2024

Mission

THE NEWNAN COWETA BOARD OF REALTORS IS A PROFESSIONAL ORGANIZATION DEDICATED TO PROMOTING EXCELLENCE IN REAL ESTATE BUSINESS PRACTICES, ADVOCATING PRIVATE PROPERTY RIGHTS, AND SERVING ITS COMMUNITY. THE ORGANIZATION'S MISSION IS TO ENHANCE ITS MEMBERS' ABILITY TO SUCCESSFULLY CONDUCT BUSINESS BY PROMOTING THE IMAGE OF REALTORS KNOWLEDGEABLE PRACTITIONERS ESSENTIAL TO THE REAL ESTATE TRANSACTION AND BY ENFORCING THE REALTOR CODE OF ETHICS.

  • MEET MONTHLY TO FIND COMMON SOLUTIONS FOR LOCAL REAL ESTATE ISSUES, RECEIVE CONTINUING EDUCATION, TO KEEP LOCAL PARTIES AWARE OF ISSUES. PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT AND PROFESSIONAL ETHICS THUS SAFEGUARDING REALTOR AND OWNER INTEREST.

    Expenses $220,961

  • PROVIDE SCHOLARSHIPS AND DONATIONS WHEN FEASIBLE.

    Expenses $14,000 · Grants $5,600

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FRANK THOMAS

    CEO

    Total calculated
    $96,292
    From this org
    $96,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ELLEN BUSH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JACQUELINE HILL

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2

  • BEVERLY FERRELL

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • JACKIE CAMPBELL

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • AILEEN AYERS

    TRASURER

    Total calculated
    $0
    Hours/week
    2

  • EMILY WEBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER SPRALDING

    WCR PRESIDEN

    Total calculated
    $0
    Hours/week
    1

  • ELAINE BRYANT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BEN HERRING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TAMI MANROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TWANA SAMUELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMBER BAUMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY ANN SHELTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SCOTT COSBY

    GAR DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE TROIOLA

    GAR DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
30 October 2025
IRS schema version
2024v5.0
Source object
202513189349304591

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