Form 990 for tax year 2022
Filed by LAKES REGION BOARD OF REALTORS INC.
Totals
- Total revenue
- $654,306
- Total expenses
- $603,749
- Contributions and grants received
- $0
- Grants paid
- $3,879
- Program service revenue
- $658,051
- Investment income
- $5,387
- Other revenue
- -$9,132
- Total assets, end of year
- $906,641
- Total liabilities, end of year
- $513,207
- Net assets or fund balances, end of year
- $393,434
- Program services expenses (Part IX)
- $571,226
- Management and general expenses
- $26,422
- Fundraising expenses
- $6,101
- Program service expenses (Part III)
- $571,226
Program services were 94.6% 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: DUES
total $562,243 · related or exempt $562,243
-
2b · Program service revenue: NEW MEMBER DUES
total $59,180 · related or exempt $59,180
-
2c · Program service revenue: OTHER INCOME
total $36,628 · related or exempt $36,628
-
3 · Investment income
total $5,326 · excluded $5,326
-
7a · Gross sales of assets other than inventory
other assets $61
-
7c · Gain or loss
other assets $61
-
7d · Net gain or loss
total $61 · excluded $61
-
8a · Fundraising events: gross income
$18,115
-
8b · Fundraising events: direct expenses
$27,247
-
8c · Net income from fundraising events
total -$9,132 · excluded -$9,132
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,879 · program services $3,879
-
5 · Compensation of officers, directors and key employees
total $89,184 · program services $71,347 · management and general $13,378 · fundraising $4,459
-
7 · Other salaries and wages
total $8,568 · program services $6,854 · management and general $1,285 · fundraising $429
-
10 · Payroll taxes
total $7,279 · program services $5,823 · management and general $1,092 · fundraising $364
-
11c · Fees: accounting
total $9,875 · program services $2,421 · management and general $7,454
-
11g · Fees: other
total $16,387 · program services $16,387
-
13 · Office expenses
total $21,591 · program services $20,537 · management and general $957 · fundraising $97
-
16 · Occupancy
total $16,729 · program services $13,830 · management and general $2,174 · fundraising $725
-
19 · Conferences, conventions and meetings
total $16,913 · program services $16,913
-
22 · Depreciation, depletion and amortization
total $1,471 · program services $1,471
-
23 · Insurance
total $1,252 · program services $1,252
-
24a · Other expenses: STATE/NATIONAL DUES
total $394,347 · program services $394,347
-
24b · Other expenses: COMPUTER SUPPORT
total $15,631 · program services $15,631
-
24c · Other expenses: NH BUSINESS TAX
total $545 · program services $436 · management and general $82 · fundraising $27
-
24d · Other expenses: OTHER
total $68 · program services $68
-
24e · All other expenses
total $30 · program services $30
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $343,351 · end of year $141,692
-
4 · Accounts receivable
beginning of year $566 · end of year $660
-
9 · Prepaid expenses and deferred charges
end of year $5
-
10a · Land, buildings and equipment: cost or other basis
$55,688
-
10b · Land, buildings and equipment: accumulated depreciation
$51,196
-
10c · Land, buildings and equipment, net
beginning of year $5,962 · end of year $4,492
-
11 · Investments: publicly traded securities
beginning of year $549,101 · end of year $759,191
-
15 · Other assets
beginning of year $601 · end of year $601
-
19 · Deferred revenue
beginning of year $540,345 · end of year $503,999
-
25 · Other liabilities
beginning of year $7,179 · end of year $9,208
-
31 · Retained earnings, endowment or other funds
beginning of year $352,057 · end of year $393,434
Mission and programs · 2022
Mission
THE PURPOSE OF THE LAKES REGION BOARD OF REALTORS, INC., IN COOPERATION WITH THE NATIONAL ASSOCIATION OF REALTORS AND THE NH ASSOCIATION OF REALTORS, IS TO SERVICE ITS MEMBERSHIP BY PROVIDING AND DELIVERING PROGRAMS AND SERVICES DESIGNED TO ENHANCE MEMBERS' ABILITY TO CONDUCT BUSINESS SUCCESSFULLY AND PROMOTE A PROFESSIONAL IMAGE.
-
THE PURPOSE OF THE ORGANIZATION IS TO SERVE ITS MEMBERSHIP BY PROVIDING AND DELIVERING PROGRAMS AND SERVICES DESIGNED TO ENHANCE MEMBERS' ABILITY TO CONDUCT BUSINESS SUCCESSFULLY AND PROMOTE A PROFESSIONAL IMAGE.
Expenses $571,226 · Grants $3,879 · Revenue $658,051
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tara GowenTARA GOWEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Marsha FodenMARSHA FODEN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Sue HammondSUE HAMMOND
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Donna WardDONNA WARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Doug RollinsDOUG ROLLINS
PAST PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Steve PatriquinSTEVE PATRIQUIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikki BarrettNIKKI BARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deb WardDEB WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christy MankCHRISTY MANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kath BlakeKATH BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don RobertsDON ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave LiberatoreDAVE LIBERATORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349308627
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