Form 990 for tax year 2024
Filed by LAKES REGION BOARD OF REALTORS INC.
Totals
- Total revenue
- $451,818
- Total expenses
- $588,008
- Contributions and grants received
- $0
- Grants paid
- $20,908
- Program service revenue
- $415,531
- Investment income
- $22,796
- Other revenue
- $13,491
- Total assets, end of year
- $540,912
- Total liabilities, end of year
- $188,808
- Net assets or fund balances, end of year
- $352,104
- Program services expenses (Part IX)
- $551,215
- Management and general expenses
- $30,448
- Fundraising expenses
- $6,345
- Program service expenses (Part III)
- $551,215
Program services were 93.7% 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 $415,531 · related or exempt $415,531
-
3 · Investment income
total $22,796 · excluded $22,796
-
8a · Fundraising events: gross income
$22,374
-
8b · Fundraising events: direct expenses
$8,883
-
8c · Net income from fundraising events
total $13,491 · excluded $13,491
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $20,908 · program services $20,908
-
5 · Compensation of officers, directors and key employees
total $80,600 · program services $64,480 · management and general $12,090 · fundraising $4,030
-
7 · Other salaries and wages
total $12,634 · program services $10,107 · management and general $1,895 · fundraising $632
-
10 · Payroll taxes
total $12,883 · program services $10,307 · management and general $1,932 · fundraising $644
-
11c · Fees: accounting
total $16,098 · program services $5,203 · management and general $10,895
-
11g · Fees: other
total $8,850 · program services $8,850
-
13 · Office expenses
total $19,329 · program services $19,329
-
16 · Occupancy
total $20,241 · program services $16,193 · management and general $3,036 · fundraising $1,012
-
17 · Travel
total $4,611 · program services $4,611
-
19 · Conferences, conventions and meetings
total $18,387 · program services $18,387
-
22 · Depreciation, depletion and amortization
total $729 · program services $729
-
23 · Insurance
total $1,817 · program services $1,817
-
24a · Other expenses: STATE/NATIONAL DUES
total $365,227 · program services $365,227
-
24b · Other expenses: OTHER
total $2,595 · program services $2,076 · management and general $519
-
24c · Other expenses: COMPUTER SUPPORT
total $2,560 · program services $2,560
-
24d · Other expenses: NH BUSINESS TAX
total $539 · program services $431 · management and general $81 · fundraising $27
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $86,464 · end of year $148,615
-
4 · Accounts receivable
beginning of year $70 · end of year $120
-
9 · Prepaid expenses and deferred charges
end of year $367
-
10a · Land, buildings and equipment: cost or other basis
$55,688
-
10b · Land, buildings and equipment: accumulated depreciation
$52,951
-
10c · Land, buildings and equipment, net
beginning of year $3,467 · end of year $2,737
-
11 · Investments: publicly traded securities
beginning of year $769,501 · end of year $388,472
-
15 · Other assets
beginning of year $601 · end of year $601
-
19 · Deferred revenue
beginning of year $360,310 · end of year $187,822
-
25 · Other liabilities
beginning of year $12,683 · end of year $986
-
31 · Retained earnings, endowment or other funds
beginning of year $487,110 · end of year $352,104
Mission and programs · 2024
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 $551,215 · Grants $20,908
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Marsha FodenMARSHA FODEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna WardDONNA WARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Christopher KellyCHRISTOPHER KELLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nicole BarrettNICOLE BARRETT
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth SwensonELIZABETH SWENSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jen NolinJEN NOLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elaina ShinnELAINA SHINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike GagnonMIKE GAGNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deb WardDEB WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kiera RussellKIERA RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katelyn NashKATELYN NASH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glenn SmithGLENN SMITH
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
-
COLLEGE SCHOLARSHIPS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543219349309854
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