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← NORTHWEST ARKANSAS BOARD OF REALTORS NC

Form 990 for tax year 2024

Filed by NORTHWEST ARKANSAS BOARD OF REALTORS NC.

Totals

Total revenue
$2,791,559
Total expenses
$2,578,046
Contributions and grants received
$0
Grants paid
$70,252
Program service revenue
$2,629,104
Investment income
$109,720
Other revenue
$52,735
Total assets, end of year
$5,559,228
Total liabilities, end of year
$493,865
Net assets or fund balances, end of year
$5,065,363
Program services expenses (Part IX)
$1,635,593
Management and general expenses
$942,453
Fundraising expenses
$0
Program service expenses (Part III)
$1,635,593

Program services were 63.4% 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: MSL LOCKBOX FEES

    total $1,651,765 · unrelated business $1,651,765

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $834,066 · excluded $834,066

  • 2c · Program service revenue: MEMBERSHIP SUPPORT

    total $106,208 · excluded $106,208

  • 2d · Program service revenue: MSL LOCKBOX ACCESSORIES

    total $37,065 · unrelated business $37,065

  • 3 · Investment income

    total $109,720 · related or exempt $109,720

  • 6a · Gross rents

    real property $2,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,000

  • 6d · Net rental income or loss

    total $2,000 · related or exempt $2,000

  • 11a · Other revenue: SPECIAL OLYMPICS INCOME

    total $50,735 · related or exempt $50,735

  • 11e · Other revenue, total

    $50,735

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,752 · program services $54,752

  • 2 · Grants to domestic individuals

    total $15,500 · program services $15,500

  • 5 · Compensation of officers, directors and key employees

    total $99,746 · program services $49,873 · management and general $49,873

  • 7 · Other salaries and wages

    total $309,944 · program services $175,457 · management and general $134,487

  • 9 · Other employee benefits

    total $21,931 · program services $12,062 · management and general $9,869

  • 10 · Payroll taxes

    total $31,886 · program services $17,537 · management and general $14,349

  • 11c · Fees: accounting

    total $47,590 · program services $19,036 · management and general $28,554

  • 11g · Fees: other

    total $68,718 · program services $27,487 · management and general $41,231

  • 12 · Advertising and promotion

    total $63,774 · management and general $63,774

  • 13 · Office expenses

    total $159,864 · program services $63,946 · management and general $95,918

  • 16 · Occupancy

    total $47,798 · program services $19,119 · management and general $28,679

  • 17 · Travel

    total $73,370 · program services $29,348 · management and general $44,022

  • 19 · Conferences, conventions and meetings

    total $199,921 · management and general $199,921

  • 22 · Depreciation, depletion and amortization

    total $77,268 · program services $30,907 · management and general $46,361

  • 24a · Other expenses: MLS USAGE

    total $1,007,376 · program services $1,007,376

  • 24b · Other expenses: EDUCATION

    total $100,477 · program services $100,477

  • 24c · Other expenses: MISCELLANEOUS

    total $97,997 · management and general $97,997

  • 24d · Other expenses: INCOME TAXES

    total $54,899 · management and general $54,899

  • 24e · All other expenses

    total $45,235 · program services $12,716 · management and general $32,519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,125,480 · end of year $2,962,692

  • 4 · Accounts receivable

    beginning of year $137,829 · end of year $146,796

  • 8 · Inventories for sale or use

    beginning of year $21,382 · end of year $263,691

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,845 · end of year $56,068

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

    $3,245,686

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

    $1,115,705

  • 10c · Land, buildings and equipment, net

    beginning of year $2,168,919 · end of year $2,129,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $258,024 · end of year $201,255

  • 19 · Deferred revenue

    beginning of year $336,915 · end of year $292,610

  • 27 · Net assets without donor restrictions

    beginning of year $4,939,516 · end of year $5,065,363

Mission and programs · 2024

Mission

PROVIDE EDUCATION AND SUPPORT SERVICES TO MEMBERSHIP AND CONDUCT CHARITABLE FUNDRAISING ACTIVITIES TO THE MUTUAL BENEFIT OF ITS MEMBERS.

  • TO PROVIDE SUPPORT AND EDUCATION FOR THE ORGANIZATION'S MEMBERS.

    Expenses $1,590,841 · Grants $25,500 · Revenue $111,720

  • TO PROVIDE FUNDRAISING FOR SPECIAL OLYMPICS ARKANSAS.

    Expenses $44,752 · Grants $44,752 · Revenue $50,735

As filed on the 2024 return.

Listed in Part VII

  • Cindy Teekell

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $99,746
    From this org
    $99,746
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Bryan Kent Turner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kelsey Roemer

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    2

  • Heather Keenen

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Krystal McNaughton

    SECRETARY TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ronald Stinchcomb

    NAR DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Eduardo Sierra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Cupp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Suzett Sparks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paige Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deanna Crook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doyle Yates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349311823

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