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← NEWNAN COWETA BOARD OF REALTORS

Form 990 for tax year 2023

Filed by NEWNAN COWETA BOARD OF REALTORS.

Totals

Total revenue
$319,718
Total expenses
$272,938
Contributions and grants received
$17,120
Grants paid
$9,950
Program service revenue
$264,995
Investment income
$5,774
Other revenue
$31,829
Total assets, end of year
$462,144
Total liabilities, end of year
$1,036
Net assets or fund balances, end of year
$461,108
Program services expenses (Part IX)
$272,938
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $17,120

  • 2a · Program service revenue: REALTOR DUES

    total $178,662 · related or exempt $178,662

  • 2b · Program service revenue: MILLLION DOLLAR CLUB - INCOME

    total $39,060 · related or exempt $39,060

  • 2c · Program service revenue: MEMBERSHIP MEETING

    total $26,729 · related or exempt $26,729

  • 2d · Program service revenue: AFFILIATE DUES

    total $12,700 · related or exempt $12,700

  • 2e · Program service revenue: CONTINUING EDUCATION

    total $4,894 · related or exempt $4,894

  • 2f · All other program service revenue

    total $2,950 · related or exempt $2,950

  • 3 · Investment income

    total $4,699 · excluded $4,699

  • 7a · Gross sales of assets other than inventory

    other assets $1,075

  • 7c · Gain or loss

    other assets $1,075

  • 7d · Net gain or loss

    total $1,075 · excluded $1,075

  • 8a · Fundraising events: gross income

    $54,764

  • 8b · Fundraising events: direct expenses

    $34,572

  • 8c · Net income from fundraising events

    total $20,192

  • 11a · Other revenue: LATE FEES

    total $6,360 · related or exempt $6,360

  • 11b · Other revenue: TRIVIA

    total $1,925 · excluded $1,925

  • 11c · Other revenue: AFFILIATE EXPO

    total $1,715 · excluded $1,715

  • 11d · All other revenue

    total $1,637 · related or exempt $1,612 · excluded $25

  • 11e · Other revenue, total

    $11,637

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 2 · Grants to domestic individuals

    total $7,450 · program services $7,450

  • 5 · Compensation of officers, directors and key employees

    total $5,769 · program services $5,769

  • 6 · Compensation of disqualified persons

    total $59,138 · program services $59,138

  • 7 · Other salaries and wages

    total $19,098 · program services $19,098

  • 10 · Payroll taxes

    total $6,291 · program services $6,291

  • 11c · Fees: accounting

    total $12,125 · program services $12,125

  • 13 · Office expenses

    total $8,594 · program services $8,594

  • 14 · Information technology

    total $11,795 · program services $11,795

  • 16 · Occupancy

    total $23,792 · program services $23,792

  • 19 · Conferences, conventions and meetings

    total $56,158 · program services $56,158

  • 22 · Depreciation, depletion and amortization

    total $5,930 · program services $5,930

  • 23 · Insurance

    total $2,375 · program services $2,375

  • 24a · Other expenses: MILLION DOLLAR CLUB

    total $27,803 · program services $27,803

  • 24b · Other expenses: BANK CHARGES

    total $6,173 · program services $6,173

  • 24c · Other expenses: GROWTH ZONE DATABASE

    total $4,298 · program services $4,298

  • 24d · Other expenses: INSTRUCTOR

    total $3,250 · program services $3,250

  • 24e · All other expenses

    total $10,399 · program services $10,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,911 · end of year $209,790

  • 2 · Savings and temporary cash investments

    beginning of year $132,184 · end of year $133,626

  • 9 · Prepaid expenses and deferred charges

    end of year $2,588

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

    $42,898

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

    $37,114

  • 10c · Land, buildings and equipment, net

    beginning of year $11,714 · end of year $5,784

  • 11 · Investments: publicly traded securities

    beginning of year $107,050 · end of year $110,356

  • 25 · Other liabilities

    beginning of year $14,515 · end of year $1,036

  • 27 · Net assets without donor restrictions

    beginning of year $406,918 · end of year $452,682

  • 28 · Net assets with donor restrictions

    beginning of year $8,426 · end of year $8,426

Mission and programs · 2023

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.

Activities or mission (Part I)

THE NEWNAN COWETA BOARD OF REALTORS IS A PROFESSIONAL ORGANIZATION DEDICATED TO PROMOTING EXCELLENCE IN REAL ESTATE BUSINESS PRACTICES, ADVOCATING PRIVATE PROERTY 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.

  • PROVIDE SCHOLARSHIPS AND DONATIONS WHEN FEASIBLE.

  • OTHER EXEMPT PURPOSE ACCOMPLISHES INCLUDE RECOGNITION OF REALTORS WHO REACH ANNUAL MILESTONES THROUGH THE MILLION DOLLAR CLUB, AND OTHER EXEMPT ACTIVITIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FRANK THOMAS

    CEO

    Total calculated
    $5,769
    From this org
    $5,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • CHRIS BASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELLEN BUSH

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • JACKIE CAMPBELL

    PRESIDENT-EL

    Total calculated
    $0
    Hours/week
    2
  • TIANDRIA DUKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • OLIVIA GENTRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • RANDI GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JACQUELINE HILL

    STATE DIRECT

    Total calculated
    $0
  • BRIAN KROLL

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • KAREN KURTZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • ERIN LOONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • AIMEE MCBRIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNIFER SPRALDING

    STATE DIRECT

    Total calculated
    $0
    Hours/week
    1
  • GUY WARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH WILLIAMS

    IMMED PAST P

    Total calculated
    $0
    Hours/week
    2
  • JOHN WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • JENNY YI

    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
7 November 2024
IRS schema version
2023v5.0
Source object
202443319349300124

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