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← LAKES REGION BOARD OF REALTORS INC

Form 990 for tax year 2023

Filed by LAKES REGION BOARD OF REALTORS INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$762,333 changed to $765,290
Total expenses
$659,353 changed to $675,275
Program service revenue
$746,517 changed to $746,618
Investment income
$16,660 changed to $16,662
Other revenue
-$844 changed to $2,010
Total assets, end of year
$860,768 changed to $860,103
Total liabilities, end of year
$360,691 changed to $372,993
Net assets or fund balances, end of year
$500,077 changed to $487,110
Program services expenses
$613,018 changed to $620,206
Management and general expenses
$36,868 changed to $44,990
Fundraising expenses
$9,467 changed to $10,079
Program service expenses (Part III)
$613,018 changed to $620,206

Totals

Total revenue
$765,290
Total expenses
$675,275
Contributions and grants received
$0
Grants paid
$18,830
Program service revenue
$746,618
Investment income
$16,662
Other revenue
$2,010
Total assets, end of year
$860,103
Total liabilities, end of year
$372,993
Net assets or fund balances, end of year
$487,110
Program services expenses (Part IX)
$620,206
Management and general expenses
$44,990
Fundraising expenses
$10,079
Program service expenses (Part III)
$620,206

Program services were 91.8% 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 $741,679 · related or exempt $741,679

  • 2b · Program service revenue: OTHER INCOME

    total $4,939 · related or exempt $4,939

  • 3 · Investment income

    total $16,662 · excluded $16,662

  • 8a · Fundraising events: gross income

    $11,115

  • 8b · Fundraising events: direct expenses

    $9,105

  • 8c · Net income from fundraising events

    total $2,010 · excluded $2,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,830 · program services $18,830

  • 5 · Compensation of officers, directors and key employees

    total $73,333 · program services $58,666 · management and general $11,000 · fundraising $3,667

  • 6 · Compensation of disqualified persons

    total $79,793 · program services $63,834 · management and general $11,969 · fundraising $3,990

  • 7 · Other salaries and wages

    total $17,140 · program services $13,712 · management and general $2,571 · fundraising $857

  • 8 · Pension plan contributions

    total $2,322 · program services $1,858 · management and general $348 · fundraising $116

  • 10 · Payroll taxes

    total $11,059 · program services $8,847 · management and general $1,659 · fundraising $553

  • 11b · Fees: legal

    total $6,092 · management and general $6,092

  • 11c · Fees: accounting

    total $8,313 · program services $130 · management and general $8,183

  • 11g · Fees: other

    total $17,084 · program services $17,084

  • 13 · Office expenses

    total $22,140 · program services $22,140

  • 16 · Occupancy

    total $17,002 · program services $13,602 · management and general $2,550 · fundraising $850

  • 19 · Conferences, conventions and meetings

    total $15,377 · program services $15,377

  • 22 · Depreciation, depletion and amortization

    total $1,025 · program services $1,025

  • 23 · Insurance

    total $934 · program services $934

  • 24a · Other expenses: STATE/NATIONAL DUES

    total $370,621 · program services $370,621

  • 24b · Other expenses: COMPUTER SUPPORT

    total $10,551 · program services $10,551

  • 24c · Other expenses: OTHER

    total $2,748 · program services $2,267 · management and general $481

  • 24d · Other expenses: NH BUSINESS TAX

    total $911 · program services $728 · management and general $137 · fundraising $46

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,692 · end of year $86,464

  • 4 · Accounts receivable

    beginning of year $660 · end of year $70

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5

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

    $55,688

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

    $52,221

  • 10c · Land, buildings and equipment, net

    beginning of year $4,492 · end of year $3,467

  • 11 · Investments: publicly traded securities

    beginning of year $759,191 · end of year $769,501

  • 15 · Other assets

    beginning of year $601 · end of year $601

  • 19 · Deferred revenue

    beginning of year $503,999 · end of year $360,310

  • 25 · Other liabilities

    beginning of year $9,208 · end of year $12,683

  • 31 · Retained earnings, endowment or other funds

    beginning of year $393,434 · end of year $487,110

Mission and programs · 2023

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 $620,206 · Grants $18,830

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tara Gowen

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Marsha Foden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Hurley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donna Ward

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Christopher Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Patriquin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Barrett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Deb Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Mank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Rollins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Swenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald Roberts

    SECRETARY

    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

Provenance

Return type
form_990
Tax year
2023
Filed
22 May 2025
IRS schema version
2023v6.0
Source object
202523159349302347

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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