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Nonprofiteer
← NORTHWEST ARKANSAS BOARD OF REALTORS NC

Form 990 for tax year 2022

Filed by NORTHWEST ARKANSAS BOARD OF REALTORS NC.

Totals

Total revenue
$2,480,699
Total expenses
$2,121,315
Contributions and grants received
$44,412
Grants paid
$0
Program service revenue
$2,417,512
Investment income
$9,050
Other revenue
$9,725
Total assets, end of year
$4,906,315
Total liabilities, end of year
$327,541
Net assets or fund balances, end of year
$4,578,774
Program services expenses (Part IX)
$1,250,874
Management and general expenses
$829,995
Fundraising expenses
$40,446
Program service expenses (Part III)
$1,250,874

Program services were 59.0% 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.

  • 1c · Fundraising events

    $44,412

  • 2a · Program service revenue: MLSLOCKBOX FEES

    total $1,493,662 · unrelated business $1,493,662

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $767,183 · excluded $767,183

  • 2c · Program service revenue: MEMBERSHIP SUPPORT

    total $125,265 · excluded $125,265

  • 2d · Program service revenue: MLSLOCKBOX FEES

    total $31,402 · unrelated business $31,402

  • 3 · Investment income

    total $9,050 · related or exempt $9,050

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

    $44,412

  • 11a · Other revenue: MEETING ROOM RENT

    total $9,725 · unrelated business $9,725

  • 11e · Other revenue, total

    $9,725

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $116,299 · program services $58,150 · management and general $58,149

  • 7 · Other salaries and wages

    total $293,549 · program services $127,308 · management and general $166,241

  • 9 · Other employee benefits

    total $26,874 · program services $6,149 · management and general $20,725

  • 10 · Payroll taxes

    total $32,099 · program services $14,609 · management and general $17,490

  • 11b · Fees: legal

    total $11,384 · program services $9,708 · management and general $1,676

  • 11c · Fees: accounting

    total $26,941 · program services $9,297 · management and general $17,644

  • 11g · Fees: other

    total $44,524 · program services $28,982 · management and general $15,542

  • 12 · Advertising and promotion

    total $61,026 · program services $24,410 · management and general $36,616

  • 13 · Office expenses

    total $72,014 · program services $28,806 · management and general $43,208

  • 16 · Occupancy

    total $42,578 · program services $17,031 · management and general $25,547

  • 17 · Travel

    total $63,716 · program services $31,394 · management and general $32,322

  • 19 · Conferences, conventions and meetings

    total $135,473 · management and general $135,473

  • 22 · Depreciation, depletion and amortization

    total $68,305 · program services $27,322 · management and general $40,983

  • 23 · Insurance

    total $5,552 · program services $2,221 · management and general $3,331

  • 24a · Other expenses: COGS

    total $821,804 · program services $821,804

  • 24b · Other expenses: LOCKBOXES

    total $26,133 · program services $26,133

  • 24c · Other expenses: SPECIAL OLYMPICS

    total $40,446 · fundraising $40,446

  • 24d · Other expenses: PROPERTY TAX

    total $27,218 · program services $10,887 · management and general $16,331

  • 24e · All other expenses

    total $205,380 · program services $6,663 · management and general $198,717

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,340,263 · end of year $2,679,755

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,375 · end of year $21,382

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

    $3,196,466

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

    $991,288

  • 10c · Land, buildings and equipment, net

    beginning of year $2,221,579 · end of year $2,205,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,157 · end of year $102,811

  • 19 · Deferred revenue

    beginning of year $322,670 · end of year $224,730

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,219,390 · end of year $4,578,774

Mission and programs · 2022

Mission

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

  • MEMBERSHIP SUPPORT

    Expenses $1,210,428 · Revenue $1,490,377

  • SPECIAL OLYMPICS SPONSORSHIP

    Expenses $40,446 · Revenue $44,412

As filed on the 2022 return.

Listed in Part VII

  • Rigo Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ashton Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nicki Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bryan K Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Stinchcomb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janet Braden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kristie Morrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kelsey Roemer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Warner

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rhonda Sims

    EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40

  • Chris Demarest

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Heather Keenen

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    2

  • Chance Schubert

    PRESIDENT ELECT

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333209349300448

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