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Nonprofiteer
← FREDERICK COUNTY ASSOC OF REALTORS INC

Form 990 for tax year 2022

Filed by FREDERICK COUNTY ASSOC OF REALTORS INC.

Totals

Total revenue
$852,680
Total expenses
$725,674
Contributions and grants received
$580,054
Grants paid
$56,222
Program service revenue
$139,196
Investment income
$246,132
Other revenue
-$112,702
Total assets, end of year
$2,013,862
Total liabilities, end of year
$256,565
Net assets or fund balances, end of year
$1,757,297
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.

  • 1b · Membership dues

    $501,726

  • 1c · Fundraising events

    $78,328

  • 2a · Program service revenue: SENTRILOCK SERVICES

    total $56,036 · related or exempt $56,036

  • 2b · Program service revenue: COMMITTEE RELATED

    total $43,644 · related or exempt $43,644

  • 2c · Program service revenue: ZIPLOGIX COMMISSIONS

    total $25,832 · related or exempt $25,832

  • 2d · Program service revenue: EDUCATIONAL SEMINARS

    total $11,884 · related or exempt $11,884

  • 2e · Program service revenue: ADVERTISING

    total $1,800 · unrelated business $1,800

  • 3 · Investment income

    total $78,141 · excluded $78,141

  • 7a · Gross sales of assets other than inventory

    other assets $178,466

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

    other assets $10,475

  • 7c · Gain or loss

    other assets $167,991

  • 7d · Net gain or loss

    total $167,991 · related or exempt $167,991

  • 8a · Fundraising events: contributions included on line 1c

    $78,328

  • 8b · Fundraising events: direct expenses

    $134,549

  • 8c · Net income from fundraising events

    total -$134,549

  • 10a · Gross sales of inventory

    $13,144

  • 10c · Net income from sales of inventory

    total $13,144 · related or exempt $13,144

  • 11a · Other revenue: MISCELLANEOUS

    total $8,703 · related or exempt $8,703

  • 11e · Other revenue, total

    $8,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,222

  • 5 · Compensation of officers, directors and key employees

    total $83,280

  • 7 · Other salaries and wages

    total $186,220

  • 9 · Other employee benefits

    total $6,578

  • 10 · Payroll taxes

    total $19,429

  • 11b · Fees: legal

    total $6,543

  • 11c · Fees: accounting

    total $35,149

  • 11f · Fees: investment management

    total $14,417

  • 11g · Fees: other

    total $209

  • 13 · Office expenses

    total $47,672

  • 16 · Occupancy

    total $86,833

  • 22 · Depreciation, depletion and amortization

    total $20,674

  • 23 · Insurance

    total $13,447

  • 24a · Other expenses: COMMITTEES

    total $69,970

  • 24b · Other expenses: TRAINING

    total $27,690

  • 24c · Other expenses: BOD RETREAT

    total $13,730

  • 24d · Other expenses: COMMUNICATIONS

    total $13,640

  • 24e · All other expenses

    total $23,971

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,520 · end of year $195,868

  • 4 · Accounts receivable

    beginning of year $27,093

  • 8 · Inventories for sale or use

    beginning of year $11,001 · end of year $14,876

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,622 · end of year $3,496

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

    $223,416

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

    $102,674

  • 10c · Land, buildings and equipment, net

    beginning of year $138,768 · end of year $120,742

  • 11 · Investments: publicly traded securities

    beginning of year $1,704,111 · end of year $1,603,268

  • 15 · Other assets

    beginning of year $4,423 · end of year $75,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,169 · end of year $5,262

  • 19 · Deferred revenue

    beginning of year $178,216 · end of year $169,727

  • 24 · Unsecured notes and loans payable

    end of year $45,140

  • 25 · Other liabilities

    beginning of year $12,543 · end of year $36,436

  • 27 · Net assets without donor restrictions

    beginning of year $1,939,610 · end of year $1,757,297

Mission and programs · 2022

Mission

THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES TRUST AND CONFIDENCE THROUGH THE SUPPORT OF APPROXIMATELY 900 MEMBERS.

Activities or mission (Part I)

THE ASSOCIATION PROVIDES AND PROMOTES REALTORS EDUCATION AND COOPERATION. IT PROMOTES CONSUMER TRUST AND CONFIDENCE THROUGH THE SUPPORT OF ITS MEMBERS.

  • MEMBERSHIP SERVICES EXPENDITURES CONSIST OF MEMBERSHIP COSTS, AWARDS AND SPECIAL EVENTS, MEMBER SUPPLIES, COMMUNITY SERVICES, CONTRIBUTIONS, TRADE SHOWS, COMMITTEE EXPENDITURES AND PROFESSIONAL STANDARDS.

As filed on the 2022 return.

Listed in Part VII

  • Hugh E Gordon

    ASSOCIATION

    Total calculated
    $83,280
    From this org
    $83,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kris Alcorn

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Thomas Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tony Checchia

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brandi Dillon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meg Gawler

    AFFILIATE DI

    Total calculated
    $0
    Hours/week
    2

  • Marla Johson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ashleigh Kiggans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie Lagos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amos Martin

    PRESIDENT EL

    Total calculated
    $0
    Hours/week
    2

  • Terry La Scola

    PAST PRESIDE

    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
2022
Filed
16 May 2023
IRS schema version
2022v5.0
Source object
202312269349301641

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