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← BAKERSFIELD ASSOCIATION OF REALTORS

Form 990 for tax year 2022

Filed by BAKERSFIELD ASSOCIATION OF REALTORS.

Totals

Total revenue
$1,063,309
Total expenses
$883,149
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$900,653
Investment income
$177
Other revenue
$162,479
Total assets, end of year
$3,616,585
Total liabilities, end of year
$799,867
Net assets or fund balances, end of year
$2,816,718
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.

  • 2a · Program service revenue: A/R SERVICE FEES

    total $15,945 · related or exempt $15,945

  • 2b · Program service revenue: INITIATION FEES

    total $35,954 · related or exempt $35,954

  • 2c · Program service revenue: LOCAL BOARD DUES

    total $809,873 · related or exempt $809,873

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $38,881 · related or exempt $38,881

  • 3 · Investment income

    total $3,874 · excluded $3,874

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $140,400 · personal property $13,436

  • 6c · Rental income or loss

    real property $140,400 · personal property $13,436

  • 6d · Net rental income or loss

    total $153,836 · excluded $153,836

  • 7a · Gross sales of assets other than inventory

    securities $64,654

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

    securities $68,018 · other assets $333

  • 7c · Gain or loss

    securities -$3,364 · other assets -$333

  • 7d · Net gain or loss

    total -$3,697 · excluded -$3,697

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $49,719

  • 10b · Cost of goods sold

    $41,076

  • 10c · Net income from sales of inventory

    total $8,643 · related or exempt $8,643

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $94,321

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $245,356

  • 8 · Pension plan contributions

    total $10,653

  • 9 · Other employee benefits

    total $26,856

  • 10 · Payroll taxes

    total $25,122

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $14,135

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $34,384

  • 12 · Advertising and promotion

    total $1,595

  • 13 · Office expenses

    total $42,754

  • 14 · Information technology

    total $27,736

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $41,213

  • 17 · Travel

    total $3,600

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $85,401

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $70,724

  • 23 · Insurance

    total $14,883

  • 24a · Other expenses: DUES NOT RENEWED

    total $35,400

  • 24b · Other expenses: PUBLIC RELATIONS

    total $31,803

  • 24c · Other expenses: INAUGURAL DINNER, NET

    total $20,571

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $15,850

  • 24e · All other expenses

    total $40,792

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,287,716 · end of year $1,457,583

  • 2 · Savings and temporary cash investments

    beginning of year $36,328 · end of year $36,346

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $100,197 · end of year $108,028

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $13,175 · end of year $23,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,653 · end of year $16,095

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

    $2,649,104

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

    $885,518

  • 10c · Land, buildings and equipment, net

    beginning of year $1,806,879 · end of year $1,763,586

  • 11 · Investments: publicly traded securities

    beginning of year $107,503 · end of year $116,873

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $67,225 · end of year $67,225

  • 14 · Intangible assets

    beginning of year $561 · end of year $0

  • 15 · Other assets

    beginning of year $30,838 · end of year $27,053

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,799 · end of year $26,533

  • 18 · Grants payable

    beginning of year $6,000

  • 19 · Deferred revenue

    beginning of year $741,600 · end of year $736,800

  • 25 · Other liabilities

    beginning of year $59,007 · end of year $36,534

  • 27 · Net assets without donor restrictions

    beginning of year $2,620,669 · end of year $2,816,718

Mission and programs · 2022

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO PROMOTE AND ADVANCE THE REAL ESTATE INDUSTRY IN BAKERSFIELD, CA BY PROVIDING QUALITY SERVICES TO ITS MEMBERS AND BY PROMOTING THE REALTOR IMAGE THROUGH COMMUNITY INVOLVEMENT.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND ADVANCE THE REAL ESTATE INDUSTRY IN BAKERSFIELD, CA BY PROVIDING QUALITY SERVICES TO ITS MEMBERS.

  • THE ORGANIZATION AIMS TO PROMOTE AND ADVANCE THE REAL ESTATE INDUSTRY IN BAKERSFIELD, CA BY PROVIDING EDUCATION AND RESOURCES TO OVER 2,400 MEMBERS. THE ORGANIZATION ALSO PROMOTES THE REALTOR IMAGE BY PERFORMING COMMUNITY SERVICES AND MAKING DONATIONS TO CERTAIN NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY.

As filed on the 2022 return.

Listed in Part VII

  • Derek Sprague

    CEO

    Total calculated
    $203,660
    From this org
    $92,520
    From related orgs
    $92,520
    Other
    $18,620
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $75,020 + $75,020 related
    Bonus
    $17,500 + $17,500 related
    Other
    not reported
    Deferred
    $9,310 + $9,310 related
    Nontaxable benefits
    not reported
    Filer's total
    $101,830 + $101,830 related

  • Jenny Magana

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michele Cooper

    Secretary/Treas

    Total calculated
    $0
    Hours/week
    4

  • Camille Redmond

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wayland Louie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Glenn Porter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anna Albiar

    Past President

    Total calculated
    $0
    Hours/week
    4

  • Brian Tuttle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paris Davis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terri Meyer Collins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Knoeb

    Past President

    Total calculated
    $0
    Hours/week
    4

  • Michelle Valverde

    President

    Total calculated
    $0
    Hours/week
    4

  • Chyanne Wilemon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Saul Bernal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bill Mell

    President-Elect

    Total calculated
    $0
    Hours/week
    4

  • Scott Hanson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Roger Magana

    Vice President

    Total calculated
    $0
    Hours/week
    4

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 · Written employment contract
  • 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

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.

  • GOLDEN EMPIRE MLS INC

    C · REAL ESTATE MLS · CA · 100% owned · share of income $2,147,198 · share of assets $1,904,731 · controlled entity

    Directly controlled by BAK ASSOC OF REALTOR

Provenance

Return type
form_990
Tax year
2022
Filed
29 April 2024
IRS schema version
2022v5.0
Source object
202431209349302108

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