Form 990 for tax year 2024
Filed by GEORGIA ASSOCIATION OF REALTORS SCHOLARSHIP FOUNDATION INC.
Totals
- Total revenue
- $255,748
- Total expenses
- $187,962
- Contributions and grants received
- $60,840
- Grants paid
- $136,680
- Program service revenue
- $0
- Investment income
- $194,908
- Other revenue
- $0
- Total assets, end of year
- $2,368,324
- Total liabilities, end of year
- $55,394
- Net assets or fund balances, end of year
- $2,312,930
- Program services expenses (Part IX)
- $182,834
- Management and general expenses
- $5,128
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $182,834
Program services were 97.3% 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
$56,085
-
1f · All other contributions, gifts and grants
$4,755
-
3 · Investment income
total $50,122 · excluded $50,122
-
7a · Gross sales of assets other than inventory
securities $1,758,638
-
7b · Less cost or other basis and sales expenses
securities $1,613,852
-
7c · Gain or loss
securities $144,786
-
7d · Net gain or loss
total $144,786 · excluded $144,786
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $136,680 · program services $136,680
-
11a · Fees: management
total $18,000 · program services $16,200 · management and general $1,800
-
11c · Fees: accounting
total $9,700 · program services $8,730 · management and general $970
-
11f · Fees: investment management
total $12,014 · program services $10,813 · management and general $1,201
-
11g · Fees: other
total $11,030 · program services $9,927 · management and general $1,103
-
13 · Office expenses
total $538 · program services $484 · management and general $54
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $265,036 · end of year $132,246
-
2 · Savings and temporary cash investments
beginning of year $593,172 · end of year $41,413
-
12 · Investments: other securities
beginning of year $1,268,756 · end of year $2,037,556
-
15 · Other assets
beginning of year $91,424 · end of year $157,109
-
17 · Accounts payable and accrued expenses
beginning of year $700 · end of year $18,722
-
25 · Other liabilities
beginning of year $18,672 · end of year $36,672
-
27 · Net assets without donor restrictions
beginning of year $1,999,016 · end of year $2,112,930
-
28 · Net assets with donor restrictions
beginning of year $200,000 · end of year $200,000
Mission and programs · 2024
Mission
THE AWARDING OF SCHOLARSHIPS FOR THE STUDY OF REAL ESTATE RELATED SUBJECTS.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $182,834 · Grants $136,680
As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
JOEY TUCKER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JIM BARNER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN WALKER
PRESIDENT - ELECT
- Total calculated
- $0
- Hours/week
- 1
-
LISA SCULLY
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
JOY COOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CYNTHIA DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CYNTHIA D LIPPERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CARLTON PURVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY RAWLS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KIRBI SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CAMMY STRICKLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHANNON THURMOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
VIKKI TRAYWICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHIRL BLACKSTON
TRUSTEE AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
STACI PARHAM
TRUSTEE AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
SHERRY TERRELL
TRUSTEE AT LARGE
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE HANCOCK
AE REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
BRAD MOCK
CEO/GA ASSOC. OF REALTORS
- Total calculated
- $284,075
- From this org
- $0
- From related orgs
- $262,521
- Other
- $21,554
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $261,521 related
- Bonus
- $0 + $1,000 related
- Other
- $0
- Deferred
- $0 + $8,096 related
- Nontaxable benefits
- $0 + $13,458 related
- Filer's total
- $0 + $284,075 related
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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 3:
- THE ORGANIZATION'S CEO IS COMPENSATED BY ITS RELATED ORGANIZATION. THE RELATED ORGANIZATION'S BOARD OR COMPENSATION COMMITTEE DETERMINES AND APPROVES THE COMPENSATION PACKAGE FOR THE CEO.
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GEORGIA ASSOCIATION OF REALTORS INC
501(C)(6) · PROFESSIONAL MEMBERSHIP ASSOCIATION FOR THE GEORGIA REAL ESTATE INDUSTRY. · GA
-
GEORGIA REALTORS POLITICAL ACTION COMMITTEE INC
527 · POLITICAL ACTION COMMITTEE · GA
-
GEORGIA ASSOCIATION OF REALTORS DISASTER RELIEF FUND INC
501(C)(3) · TO PROVIDE RELIEF TO INDIVIDUALS WHO SUSTAIN DISASTER DAMAGE. · GA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349311811
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