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← SPACE COAST ASSOCIATION OF REALTORS INC

Form 990 for tax year 2023

Filed by SPACE COAST ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$1,826,280
Total expenses
$1,640,472
Contributions and grants received
$0
Grants paid
$4,250
Program service revenue
$1,317,075
Investment income
$11,702
Other revenue
$497,503
Total assets, end of year
$8,111,841
Total liabilities, end of year
$2,454,809
Net assets or fund balances, end of year
$5,657,032
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.

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

    total $1,229,114 · related or exempt $1,229,114

  • 2b · Program service revenue: EDUCATION

    total $49,222 · related or exempt $49,222

  • 2c · Program service revenue: SUPRA ADMINISTRATION

    total $38,739 · related or exempt $38,739

  • 3 · Investment income

    total $11,702 · excluded $11,702

  • 5 · Royalties

    total $819 · unrelated business $819

  • 6a · Gross rents

    real property $111,095

  • 6b · Less rental expenses

    real property $648

  • 6c · Rental income or loss

    real property $110,447

  • 6d · Net rental income or loss

    total $110,447 · unrelated business $89,799 · excluded $20,648

  • 10a · Gross sales of inventory

    $95,215

  • 10b · Cost of goods sold

    $70,201

  • 10c · Net income from sales of inventory

    total $25,014 · related or exempt $25,014

  • 11a · Other revenue: SAVVY CARD REVENUE

    total $254,316 · unrelated business $254,316

  • 11b · Other revenue: LATE FEES, SPECIAL EVE

    total $59,712 · related or exempt $59,712

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $37,380 · related or exempt $37,380

  • 11d · All other revenue

    total $9,815 · unrelated business $9,815

  • 11e · Other revenue, total

    $361,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,250

  • 5 · Compensation of officers, directors and key employees

    total $136,610

  • 7 · Other salaries and wages

    total $339,509

  • 8 · Pension plan contributions

    total $7,945

  • 9 · Other employee benefits

    total $63,605

  • 10 · Payroll taxes

    total $41,569

  • 11b · Fees: legal

    total $9,363

  • 11c · Fees: accounting

    total $10,822

  • 11d · Fees: lobbying

    total $10,000

  • 11f · Fees: investment management

    total $13,325

  • 12 · Advertising and promotion

    total $22,007

  • 13 · Office expenses

    total $22,903

  • 16 · Occupancy

    total $43,652

  • 17 · Travel

    total $21,182

  • 19 · Conferences, conventions and meetings

    total $102,440

  • 20 · Interest

    total $74,517

  • 22 · Depreciation, depletion and amortization

    total $196,552

  • 23 · Insurance

    total $1,338

  • 24a · Other expenses: INCOME TAXES PER BOOKS

    total -$37,263

  • 24b · Other expenses: SAVVY CARD

    total $254,316

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $118,791

  • 24d · Other expenses: MEMBER SERVICES

    total $71,606

  • 24e · All other expenses

    total $111,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,292,864 · end of year $2,076,711

  • 2 · Savings and temporary cash investments

    beginning of year $696,803 · end of year $656,644

  • 4 · Accounts receivable

    beginning of year $54,286 · end of year $42,241

  • 8 · Inventories for sale or use

    beginning of year $23,200 · end of year $11,215

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,918 · end of year $127,891

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

    $5,680,248

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

    $1,418,546

  • 10c · Land, buildings and equipment, net

    beginning of year $4,448,709 · end of year $4,261,702

  • 12 · Investments: other securities

    beginning of year $716,952 · end of year $843,191

  • 15 · Other assets

    beginning of year $99,489 · end of year $92,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $385,820 · end of year $216,399

  • 19 · Deferred revenue

    beginning of year $856,339 · end of year $452,626

  • 23 · Secured mortgages and notes payable

    beginning of year $1,676,202 · end of year $1,593,992

  • 25 · Other liabilities

    beginning of year $160,814 · end of year $191,792

  • 27 · Net assets without donor restrictions

    beginning of year $5,347,046 · end of year $5,657,032

Mission and programs · 2023

Mission

PROFESSIONAL TRADE ASSOCIATION PROVIDING SERVICES TO LOCAL REAL ESTATE PROFESSIONALS.

  • PROVIDE COMMUNICATION, CONTINUING EDUCATION, SUPPLIES, AND RELATED SERVICES TO ALL BREVARD COUNTY REALTORS; MONITOR REALTOR ETHICS AND GOVERNMENT AFFAIRS.

As filed on the 2023 return.

Listed in Part VII

  • Kerry Ramage

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    2

  • Omar Capellan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Nancy Bartlett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Michael Artelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rusty Melle

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Donna Tidwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robin Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tracy Hudson-Frantzis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Romano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dennis Basile

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rose Street

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Debra Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Samantha Selig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Ruschak

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $136,610
    From this org
    $132,704
    From related orgs
    $0
    Other
    $3,906
    Hours/week
    37.5

  • Leah M Selig

    FORMER CEO

    Total calculated
    $166,338
    From this org
    $161,493
    From related orgs
    $0
    Other
    $4,845
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $126,493
    Bonus
    $35,000
    Other
    $0
    Deferred
    $4,845
    Nontaxable benefits
    $0
    Filer's total
    $166,338

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES
THE FORMER CEO, LEAH M. SELIG, WAS PAID $126,493 FOR HER VACATION PAY-OUT AND $35,000 FOR A RETIREMENT BONUS.

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.

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.

  • SPACE COAST MULTIPLE LISTING SERVICE INC

    C · MULTIPLE LISTING SERVICES · FL · 100% owned · share of income $2,549,357 · share of assets $816,983 · controlled entity

    Directly controlled by SPACE COAST ASSOCIATION OF REALTORS

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349304751

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