Form 990 for tax year 2023
Filed by BURLINGTON-ALAMANCE COUNTY ASSOCIATION OF REALTORS INC.
Totals
- Total revenue
- $1,003,729
- Total expenses
- $872,648
- Contributions and grants received
- $0
- Grants paid
- $537,050
- Program service revenue
- $251,556
- Investment income
- $17,573
- Other revenue
- $734,600
- Total assets, end of year
- $756,486
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $756,486
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $315,569
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $251,556 · related or exempt $251,556
-
3 · Investment income
total $19,133 · excluded $19,133
-
7a · Gross sales of assets other than inventory
securities $24,712
-
7b · Less cost or other basis and sales expenses
securities $26,272
-
7c · Gain or loss
securities -$1,560
-
7d · Net gain or loss
total -$1,560 · excluded -$1,560
-
8a · Fundraising events: gross income
$15,772
-
8b · Fundraising events: direct expenses
$6,006
-
8c · Net income from fundraising events
total $9,766 · excluded $9,766
-
11a · Other revenue: DIVIDEND RECEIVED FROM
total $670,651 · related or exempt $670,651
-
11b · Other revenue: APPLICATION FEES
total $17,250 · related or exempt $17,250
-
11c · Other revenue: CE INCOME
total $13,440 · related or exempt $13,440
-
11d · All other revenue
total $23,493 · related or exempt $23,493
-
11e · Other revenue, total
$724,834
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $537,050
-
11b · Fees: legal
total $2,500
-
11c · Fees: accounting
total $7,395
-
11f · Fees: investment management
total $719
-
12 · Advertising and promotion
total $1,518
-
16 · Occupancy
total $4,800
-
19 · Conferences, conventions and meetings
total $884
-
21 · Payments to affiliates
total $198,587
-
23 · Insurance
total $3,015
-
24a · Other expenses: ADMINISTRATIVE EXEPENSE
total $75,892
-
24b · Other expenses: LUNCHEON EXPENSE
total $17,380
-
24c · Other expenses: EDUCATION
total $9,049
-
24d · Other expenses: BANK CHARGES
total $3,557
-
24e · All other expenses
total $10,302
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $211,223 · end of year $220,225
-
2 · Savings and temporary cash investments
beginning of year $305,238 · end of year $154,790
-
11 · Investments: publicly traded securities
beginning of year $108,944 · end of year $381,471
-
27 · Net assets without donor restrictions
beginning of year $625,405 · end of year $756,486
Mission and programs · 2023
Mission
TO ESTABLISH AND STANDARDIZE THE BUSINESS OF THE REALTORS SO THAT IT SHALL ENHANCE UNIFORM CODE OF ETHICS FOR REALTORS.
Activities or mission (Part I)
TO ESTABLISH AND STANDARDIZE THE BUSINESS OF THE REALTORS SO THAT IT SHALL ENHANCE A MORE UNIFORM CODE OF ETHICS FOR REALTORS.
-
MEMBERSHIP DUES ARE COLLECTED FROM MEMBERS TO ACCOMPLISH THE MISSION OF STANDARDIZING BUSINESS PRACTICES FOR REALTORS. DUES ARE PAID OUT TO AFFILIATED ORGANIZATIONS THAT SUPPORT THE PRIMARY MISSION OF THE ORGANIZATION.
Expenses $198,587 · Revenue $251,556
-
EDUCATION AND SUPPORT PROVIDED TO MEMBER REALTORS, IN SUPPORT OF THE MISSION OF THE ORGANIZATION.
Expenses $116,982 · Grants $537,050 · Revenue $724,834
As filed on the 2023 return.
Listed in Part VII
-
David MasseyDAVID MASSEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Holly RoseHOLLY ROSE
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Vicky HunleyVICKY HUNLEY
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Jason ScottJASON SCOTT
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 4
-
Kristi MayKRISTI MAY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
John WalkerJOHN WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael ReavesMICHAEL REAVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jessica BryantJESSICA BRYANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sherry HarrisSHERRY HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tina PierceTINA PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lucas HowardLUCAS HOWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Beverly FosterBEVERLY FOSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marlo CountissMARLO COUNTISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joshua WhitleyJOSHUA WHITLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
-
$500,000
ESTABLISH A DONOR ADVISED ENDOWMENT FUND TO SUPPORT HOUSING RELATED CAUSES IN ALAMANCE COUNTY, NC.
-
TO ASSIST WITH PROGRAMS.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ALAMANCE MULTIPLE LISTING SERVICE INC
C · PROVIDES LISTING SERVICES FOR PROPERTY INFORMATION. IT OFFERS PROPERTY LIST · NC · 100% owned · controlled entity
Directly controlled by BURLINGTON ALAMANCE COUNTY ASSOCIATION OF REALTORS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412839349301041
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