Skip to content
Nonprofiteer
← LAKELAND ASSOCIATION OF REALTORS

Form 990 for tax year 2023

Filed by LAKELAND ASSOCIATION OF REALTORS.

Totals

Total revenue
$1,244,877
Total expenses
$1,012,136
Contributions and grants received
$1,584
Grants paid
$0
Program service revenue
$1,189,250
Investment income
$44,221
Other revenue
$9,822
Total assets, end of year
$3,122,113
Total liabilities, end of year
$388,168
Net assets or fund balances, end of year
$2,733,945
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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

    $1,584

  • 2a · Program service revenue: MEMBERSHIP DUES & ASSE

    total $592,902 · related or exempt $592,902

  • 2b · Program service revenue: SUPRA LOCKBOX/KEY SYST

    total $342,086 · related or exempt $342,086

  • 2c · Program service revenue: MLS INCOME

    total $174,503 · related or exempt $174,503

  • 2d · Program service revenue: CENTENNIAL CELEBRATION

    total $69,909 · related or exempt $31,009 · unrelated business $38,900

  • 2e · Program service revenue: CONTINUING EDUCATION

    total $9,850 · related or exempt $9,850

  • 3 · Investment income

    total $80,573 · excluded $80,573

  • 7a · Gross sales of assets other than inventory

    securities $140,555

  • 7b · Less cost or other basis and sales expenses

    securities $176,907

  • 7c · Gain or loss

    securities -$36,352

  • 7d · Net gain or loss

    total -$36,352 · excluded -$36,352

  • 10a · Gross sales of inventory

    $5,496

  • 10b · Cost of goods sold

    $3,645

  • 10c · Net income from sales of inventory

    total $1,851 · unrelated business $1,851

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,971 · excluded $7,971

  • 11e · Other revenue, total

    $7,971

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $130,729

  • 7 · Other salaries and wages

    total $152,934

  • 8 · Pension plan contributions

    total $3,405

  • 9 · Other employee benefits

    total $32,849

  • 10 · Payroll taxes

    total $21,447

  • 11b · Fees: legal

    total $8,576

  • 11c · Fees: accounting

    total $29,379

  • 11f · Fees: investment management

    total $5,769

  • 11g · Fees: other

    total $78,037

  • 12 · Advertising and promotion

    total $20,188

  • 13 · Office expenses

    total $63,812

  • 14 · Information technology

    total $21,041

  • 16 · Occupancy

    total $63,489

  • 17 · Travel

    total $45,516

  • 19 · Conferences, conventions and meetings

    total $28,440

  • 20 · Interest

    total $142

  • 22 · Depreciation, depletion and amortization

    total $44,598

  • 24a · Other expenses: SUPRA LEASE EXPENSES

    total $174,476

  • 24b · Other expenses: CENTENNIAL EVENT

    total $64,735

  • 24c · Other expenses: CONTINUING EDUCATION

    total $10,687

  • 24d · Other expenses: SPONSORSHIPS

    total $4,250

  • 24e · All other expenses

    total $7,637

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,926 · end of year $125,753

  • 2 · Savings and temporary cash investments

    beginning of year $897,591 · end of year $1,039,014

  • 4 · Accounts receivable

    beginning of year $19,718 · end of year $2,529

  • 8 · Inventories for sale or use

    beginning of year $6,953 · end of year $5,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,761 · end of year $34,815

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

    $1,317,572

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

    $296,571

  • 10c · Land, buildings and equipment, net

    beginning of year $1,065,599 · end of year $1,021,001

  • 12 · Investments: other securities

    beginning of year $692,666 · end of year $876,759

  • 15 · Other assets

    beginning of year $21,696 · end of year $16,383

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,224 · end of year $44,740

  • 19 · Deferred revenue

    beginning of year $339,538 · end of year $327,045

  • 25 · Other liabilities

    beginning of year $21,696 · end of year $16,383

  • 27 · Net assets without donor restrictions

    beginning of year $2,398,452 · end of year $2,733,945

Mission and programs · 2023

Mission

THE LAKELAND ASSOCIATION OF REALTOR'S MISSION IS TO MEET THE NEEDS OF MEMBERS WHILE BUILDING PROFESSIONALISM AND ADVOCATING THE PROTECTION OF PROPERTY RIGHTS.

Activities or mission (Part I)

TO MEET THE NEEDS OF MEMBERS WHILE BUILDING PROFESSIONALISM AND ADVOCATING THE PROTECTION OF PROPERTY RIGHTS.

  • LAR HELD 72 ONLINE AND IN PERSON EDUCATION COURSES THROUGHOUT 2023. 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.

  • 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.

As filed on the 2023 return.

Listed in Part VII

  • Jana Lynn Lutz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Shannon Cornell

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Petra Norris

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Barnes

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $130,728
    From this org
    $124,194
    From related orgs
    $0
    Other
    $6,534
    Hours/week
    60

  • Geoffrey Ingram

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Debbie Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Hampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mindy Emerson-Hunley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Moore-Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Teresa Haas - Resigned 723

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Hampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hungerford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dawna Stone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Reinstetle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Strickland - Began 723

    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
2023
Filed
15 August 2024
IRS schema version
2023v5.1
Source object
202402339349300345

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.