Form 990 for tax year 2023
Filed by GREATER METROPOLITAN ASSOCIATION OF REALTORS.
Totals
- Total revenue
- $500,284
- Total expenses
- $3,129,011
- Contributions and grants received
- $66,571
- Grants paid
- $63,173
- Program service revenue
- $2,885,082
- Investment income
- -$2,456,526
- Other revenue
- $5,157
- Total assets, end of year
- $8,394,781
- Total liabilities, end of year
- $4,335,963
- Net assets or fund balances, end of year
- $4,058,818
- 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.
-
1d · Related organizations
$66,571
-
2a · Program service revenue: MEMBER DUES & FEES
total $1,979,304 · related or exempt $1,979,304
-
2b · Program service revenue: EDUCATION PROGRAMS
total $821,043 · related or exempt $821,043
-
2c · Program service revenue: AFFILIATE SPONSORSHIPS
total $51,900 · related or exempt $51,900
-
2d · Program service revenue: ACTIVITIES AND EVENTS
total $21,535 · related or exempt $21,535
-
2e · Program service revenue: MISCELLANEOUS
total $11,300 · related or exempt $11,300
-
3 · Investment income
total $24,336 · excluded $24,336
-
7a · Gross sales of assets other than inventory
securities $460,732
-
7b · Less cost or other basis and sales expenses
securities $2,941,594
-
7c · Gain or loss
securities -$2,480,862
-
7d · Net gain or loss
total -$2,480,862 · related or exempt -$2,480,862
-
10a · Gross sales of inventory
$37,752
-
10b · Cost of goods sold
$32,595
-
10c · Net income from sales of inventory
total $5,157 · related or exempt $5,157
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $42,500
-
2 · Grants to domestic individuals
total $20,673
-
5 · Compensation of officers, directors and key employees
total $287,060
-
7 · Other salaries and wages
total $977,107
-
8 · Pension plan contributions
total $59,365
-
9 · Other employee benefits
total $206,447
-
10 · Payroll taxes
total $89,840
-
11b · Fees: legal
total $162,359
-
11c · Fees: accounting
total $20,945
-
11g · Fees: other
total $9,404
-
12 · Advertising and promotion
total $24,349
-
13 · Office expenses
total $45,836
-
14 · Information technology
total $93,840
-
16 · Occupancy
total $144,678
-
17 · Travel
total $5,505
-
22 · Depreciation, depletion and amortization
total $27,890
-
23 · Insurance
total $10,070
-
24a · Other expenses: BANK & CREDIT CARD FEES
total $193,198
-
24b · Other expenses: BAD DEBTS
total $185,934
-
24c · Other expenses: MEMBERSHIP ACTIVITIES
total $122,936
-
24d · Other expenses: LICENSES & FEES
total $113,932
-
24e · All other expenses
total $285,143
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,261,789 · end of year $4,091,796
-
2 · Savings and temporary cash investments
beginning of year $2,420,385 · end of year $1,876,974
-
4 · Accounts receivable
beginning of year $650,602 · end of year $621,011
-
7 · Other notes and loans receivable
end of year $460,732
-
8 · Inventories for sale or use
beginning of year $48,246 · end of year $53,384
-
9 · Prepaid expenses and deferred charges
beginning of year $10,980 · end of year $16,321
-
10a · Land, buildings and equipment: cost or other basis
$152,151
-
10b · Land, buildings and equipment: accumulated depreciation
$102,671
-
10c · Land, buildings and equipment, net
beginning of year $54,469 · end of year $49,480
-
13 · Investments: program-related
beginning of year $3,743,391 · end of year $924,784
-
15 · Other assets
beginning of year $448,515 · end of year $300,299
-
17 · Accounts payable and accrued expenses
beginning of year $3,830,066 · end of year $3,353,234
-
19 · Deferred revenue
beginning of year $707,546 · end of year $692,824
-
25 · Other liabilities
beginning of year $441,156 · end of year $289,905
-
27 · Net assets without donor restrictions
beginning of year $6,659,609 · end of year $4,058,818
Mission and programs · 2023
Mission
TO UNITE MEMBERS OF ALL REAL ESTATE PROFESSIONS FOR THE PURPOSE OF FURTHERING THEIR INTERESTS AND THOSE OF PROPERTY OWNERS.
-
PROVIDE INFORMATION TO ASSOCIATION MEMBERS REGARDING INDUSTRY CHANGES, LEGISLATION, THE CODE OF ETHICS, THE MLS SYSTEM, ORIENTATION CLASSES FOR NEW REALTORS, MONTHLY NEWSLETTERS AND VARIOUS SEMINARS.
-
DEVELOP, PROMOTE AND PROVIDE QUALITY EDUCATION PROGRAMS TO MEMBERS AND THE REALTOR COMMUNITY, THEREBY INCREASING THE QUALITY OF PROFESSIONAL SERVICES PROVIDED BY PARTICIPANTS.
-
PROVIDE ENFORCEMENT OF THE CODE OF ETHICS THROUGH GRIEVANCE/PROFESSIONAL STANDARDS SYSTEM. OFFER PROGRAMS TO MAXIMIZE MEMBER AWARENESS AND UNDERSTANDING OF THE CODE OF ETHICS.
As filed on the 2023 return.
Listed in Part VII
-
Nathan BojiNATHAN BOJI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dennis KozakDENNIS KOZAK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Vickey LivernoisVICKEY LIVERNOIS
CEO/SECRETAR
- Total calculated
- $295,218
- From this org
- $294,550
- From related orgs
- $0
- Other
- $668
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $294,550
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $668
- Filer's total
- $295,218
-
Teri SpiroTERI SPIRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katie WeaverKATIE WEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chelsea CainCHELSEA CAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melissa DegenMELISSA DEGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dee Dee Ohara-BlizardDEE DEE OHARA-BLIZARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Toni JenningsTONI JENNINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pam BartlingPAM BARTLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Devon SmithDEVON SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaye SandersJAYE SANDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff FletcherJEFF FLETCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin HultgrenKEVIN HULTGREN
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
RPAC OF MICHIGAN
$25,000
PROMOTE REALTORS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202433169349301418
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