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Nonprofiteer
← GREATER BALTIMORE BOARD OF REALTORS INC

Form 990 for tax year 2022

Filed by GREATER BALTIMORE BOARD OF REALTORS INC.

Totals

Total revenue
$3,689,732
Total expenses
$2,024,268
Contributions and grants received
$0
Grants paid
$213,925
Program service revenue
$1,788,860
Investment income
$1,870,414
Other revenue
$30,458
Total assets, end of year
$11,776,031
Total liabilities, end of year
$772,309
Net assets or fund balances, end of year
$11,003,722
Program services expenses (Part IX)
$1,125,257
Management and general expenses
$899,011
Fundraising expenses
$0
Program service expenses (Part III)
$1,125,257

Program services were 55.6% 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.

  • 2a · Program service revenue: EDUCATION

    total $79,064 · related or exempt $79,064

  • 2b · Program service revenue: LOCKBOX-MARS

    total $40,000 · related or exempt $40,000

  • 2c · Program service revenue: MEMBERSHIP FEES

    total $1,480,523 · related or exempt $1,480,523

  • 2d · Program service revenue: APPLICATION FEES

    total $30,125 · related or exempt $30,125

  • 2e · Program service revenue: SPONSORSHIPS

    total $78,056 · related or exempt $78,056

  • 2f · All other program service revenue

    total $81,092 · related or exempt -$1,472 · excluded $82,564

  • 3 · Investment income

    total $1,895,507 · excluded $1,895,507

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $2,727,074

  • 7b · Less cost or other basis and sales expenses

    securities $2,752,167

  • 7c · Gain or loss

    securities -$25,093 · other assets $0

  • 7d · Net gain or loss

    total -$25,093 · excluded -$25,093

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $26,974

  • 10b · Cost of goods sold

    $16,844

  • 10c · Net income from sales of inventory

    total $10,130 · unrelated business $10,130

  • 11a · Other revenue: REAL ESTATE SCHOOL MANAGEMENT

    total $18,253 · unrelated business $18,253

  • 11b · Other revenue: SUBLEASE

    total $2,075 · excluded $2,075

  • 11e · Other revenue, total

    $20,328

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $213,925 · program services $213,925

  • 4 · Benefits paid to or for members

    total $37,748 · program services $37,748

  • 5 · Compensation of officers, directors and key employees

    total $240,716 · program services $152,734 · management and general $87,982

  • 7 · Other salaries and wages

    total $442,426 · program services $129,718 · management and general $312,708

  • 8 · Pension plan contributions

    total $34,217 · program services $4,829 · management and general $29,388

  • 9 · Other employee benefits

    total $75,819 · program services $25,230 · management and general $50,589

  • 10 · Payroll taxes

    total $34,426 · program services $12,104 · management and general $22,322

  • 11b · Fees: legal

    total $30,170 · program services $0 · management and general $30,170

  • 11c · Fees: accounting

    total $21,200 · management and general $21,200

  • 11d · Fees: lobbying

    total $30,293 · program services $30,293

  • 11f · Fees: investment management

    total $64,080 · management and general $64,080

  • 11g · Fees: other

    total $129,614 · program services $76,617 · management and general $52,997

  • 13 · Office expenses

    total $145,383 · program services $72,262 · management and general $73,121

  • 14 · Information technology

    total $27,415 · program services $12,766 · management and general $14,649

  • 16 · Occupancy

    total $221,519 · program services $114,838 · management and general $106,681

  • 17 · Travel

    total $6,541 · program services $1,129 · management and general $5,412

  • 19 · Conferences, conventions and meetings

    total $11,850 · program services $3,797 · management and general $8,053

  • 22 · Depreciation, depletion and amortization

    total $11,359 · program services $5,289 · management and general $6,070

  • 23 · Insurance

    total $20,630 · program services $9,606 · management and general $11,024

  • 24a · Other expenses: GOVERNMENT RELATIONS

    total $59,000 · program services $59,000

  • 24b · Other expenses: RENTAL AND FOOD

    total $99,845 · program services $99,472 · management and general $373

  • 24c · Other expenses: OTHER EVENT EXPENSE

    total $58,208 · program services $57,690 · management and general $518

  • 24d · Other expenses: PROFESSIONAL TRAINING

    total $335 · program services $335

  • 24e · All other expenses

    total $7,549 · program services $5,875 · management and general $1,674 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,189,161 · end of year $885,067

  • 2 · Savings and temporary cash investments

    beginning of year $435,277 · end of year $190,701

  • 4 · Accounts receivable

    beginning of year $262,846 · end of year $306,359

  • 8 · Inventories for sale or use

    beginning of year $6,354 · end of year $7,399

  • 9 · Prepaid expenses and deferred charges

    beginning of year $91,035 · end of year $85,194

  • 10c · Land, buildings and equipment, net

    beginning of year $27,790 · end of year $33,413

  • 11 · Investments: publicly traded securities

    beginning of year $5,667,014 · end of year $5,724,509

  • 12 · Investments: other securities

    beginning of year $1,926,035 · end of year $4,527,829

  • 15 · Other assets

    beginning of year $15,560 · end of year $15,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $608,928 · end of year $505,613

  • 19 · Deferred revenue

    beginning of year $393,465 · end of year $263,641

  • 25 · Other liabilities

    beginning of year $42,180 · end of year $3,055

  • 27 · Net assets without donor restrictions

    beginning of year $8,576,499 · end of year $11,003,722

Mission and programs · 2022

Mission

THEGREATERBALTIMOREBOARDOFREALTORS,INC.ISANADVOCATEFORTHEBUSINESSANDPROFESSIONALINTERESTSOFITSMEMBERS,THEPRACTICEOFHIGHETHICALSTANDARDSINTHETRANSFEROFREALPROPERTY,ANDPRESERVINGPRIVATEPROPERTYRIGHTS.

Activities or mission (Part I)

THE GREATER BALTIMORE BOARD OF REALTORS, INC. IS AN ADVOCATE FOR THE BUSINESS AND PROFESSIONAL INTERESTS OF ITS MEMBERS, THE PRACTICE OF HIGH ETHICAL STANDARDS IN THE TRANSFER OF REAL PROPERTY, AND PRESERVING PRIVATE PROPERTY RIGHTS.

  • SUPPORT AND ADVOCATE FOR OUR MEMBERS AND THE COMMUNITY WE SERVE

    Expenses $1,125,257 · Grants $213,925

As filed on the 2022 return.

Listed in Part VII

  • Tim Shotzberger

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian McGeehan

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Randy Cottrell

    VP

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Harris

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nakia Evans

    IMM PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brad Cox

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Wayne Curtis

    EXECUTIVE COMITTEE

    Total calculated
    $0
    Hours/week
    1

  • Cindy Ariosa

    NAR DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anisha Berkley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Cernik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anita Davis

    NAR DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney Dotson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Harned

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patricia Kallmyer

    NAR DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brenda Kasuva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Kimball

    MAR OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Kocur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kia Stanfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Stephens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tunisha Temple

    WCR OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Craig Wolf

    MAR OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Alan Ingraham

    CEO

    Total calculated
    $223,766
    From this org
    $213,171
    From related orgs
    $0
    Other
    $10,595
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $207,984
    Bonus
    $5,187
    Other
    $4,200
    Deferred
    $6,395
    Nontaxable benefits
    not reported
    Filer's total
    $223,766

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

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 9 · Followed the rebuttable-presumption procedure

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

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.

  • THE GBBR REAL ESTATE SCHOOL

    C · SCHOOL · MD · 100% owned · share of income -$17,293 · share of assets $18,861 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202440229349301219

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