Form 990 for tax year 2023
Filed by GREATER BALTIMORE BOARD OF REALTORS INC.
Totals
- Total revenue
- $2,311,522
- Total expenses
- $1,925,870
- Contributions and grants received
- $0
- Grants paid
- $16,853
- Program service revenue
- $1,668,994
- Investment income
- $627,224
- Other revenue
- $15,304
- Total assets, end of year
- $13,406,915
- Total liabilities, end of year
- $781,719
- Net assets or fund balances, end of year
- $12,625,196
- Program services expenses (Part IX)
- $1,004,714
- Management and general expenses
- $921,156
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,004,714
Program services were 52.2% 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: Education
total $61,474 · related or exempt $61,474
-
2b · Program service revenue: Lockbox Mars
total $40,000 · related or exempt $40,000
-
2c · Program service revenue: Membership Fees
total $1,417,162 · related or exempt $1,417,162
-
2d · Program service revenue: Application Fees
total $27,800 · related or exempt $27,800
-
2e · Program service revenue: Sponsorships
total $47,930 · related or exempt $47,930
-
2f · All other program service revenue
total $74,628 · related or exempt -$622 · excluded $75,250
-
3 · Investment income
total $634,460 · excluded $634,460
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $2,803,478
-
7b · Less cost or other basis and sales expenses
securities $2,810,714
-
7c · Gain or loss
securities -$7,236 · other assets $0
-
7d · Net gain or loss
total -$7,236 · excluded -$7,236
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$22,804
-
10b · Cost of goods sold
$14,125
-
10c · Net income from sales of inventory
total $8,679 · unrelated business $8,679
-
11a · Other revenue: Real Estate School Management
total $5,000 · unrelated business $5,000
-
11b · Other revenue: Sublease
total $1,625 · excluded $1,625
-
11e · Other revenue, total
$6,625
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,853 · program services $16,853
-
4 · Benefits paid to or for members
total $28,551 · program services $28,551
-
5 · Compensation of officers, directors and key employees
total $257,158 · program services $167,151 · management and general $90,007
-
7 · Other salaries and wages
total $478,098 · program services $136,979 · management and general $341,119
-
8 · Pension plan contributions
total $29,431 · program services $10,493 · management and general $18,938
-
9 · Other employee benefits
total $63,544 · program services $14,907 · management and general $48,637
-
10 · Payroll taxes
total $36,037 · program services $13,671 · management and general $22,366
-
11b · Fees: legal
total $15,828 · management and general $15,828
-
11c · Fees: accounting
total $19,200 · management and general $19,200
-
11d · Fees: lobbying
total $20,578 · program services $20,578
-
11f · Fees: investment management
total $75,607 · management and general $75,607
-
11g · Fees: other
total $117,583 · program services $71,380 · management and general $46,203
-
13 · Office expenses
total $141,813 · program services $113,514 · management and general $28,299
-
14 · Information technology
total $30,089 · program services $13,700 · management and general $16,389
-
16 · Occupancy
total $272,181 · program services $123,890 · management and general $148,291
-
17 · Travel
total $12,264 · program services $1,481 · management and general $10,783
-
19 · Conferences, conventions and meetings
total $6,120 · program services $1,321 · management and general $4,799
-
22 · Depreciation, depletion and amortization
total $12,584 · program services $5,726 · management and general $6,858
-
23 · Insurance
total $22,616 · program services $10,353 · management and general $12,263
-
24a · Other expenses: GOVERNMENT RELATIONS
total $62,000 · program services $62,000
-
24b · Other expenses: Rental and food
total $128,676 · program services $117,645 · management and general $11,031
-
24c · Other expenses: Other Event Expense
total $71,467 · program services $67,762 · management and general $3,705
-
24d · Other expenses: Professional Training
total $638 · program services $638
-
24e · All other expenses
total $6,954 · program services $6,121 · management and general $833 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $885,067 · end of year $1,156,368
-
2 · Savings and temporary cash investments
beginning of year $190,701 · end of year $81,076
-
4 · Accounts receivable
beginning of year $306,359 · end of year $106,257
-
8 · Inventories for sale or use
beginning of year $7,399 · end of year $7,427
-
9 · Prepaid expenses and deferred charges
beginning of year $85,194 · end of year $95,488
-
10a · Land, buildings and equipment: cost or other basis
$237,291
-
10b · Land, buildings and equipment: accumulated depreciation
$211,402
-
10c · Land, buildings and equipment, net
beginning of year $33,413 · end of year $25,889
-
11 · Investments: publicly traded securities
beginning of year $5,724,509 · end of year $6,434,711
-
12 · Investments: other securities
beginning of year $4,527,829 · end of year $5,484,139
-
15 · Other assets
beginning of year $15,560 · end of year $15,560
-
17 · Accounts payable and accrued expenses
beginning of year $505,613 · end of year $494,975
-
19 · Deferred revenue
beginning of year $263,641 · end of year $284,585
-
25 · Other liabilities
beginning of year $3,055 · end of year $2,159
-
27 · Net assets without donor restrictions
beginning of year $11,003,722 · end of year $12,625,196
Mission and programs · 2023
Mission
THE GREATER BALTIMORE BOARD OF REALTORS, INC. IS AN ADVOCATE FOR THE BUSINESS AND PROFESSIONAL INTERESTS OF ITS MEMBERS, THE PRACTICE OF HIGH ETHICAL STANDARDS IN THE TRANSFER OF REAL PROPERTY, AND PRESERVING PRIVATE PROPERTY RIGHTS.
-
SUPPORT AND ADVOCATE FOR OUR MEMBERS AND THE COMMUNITY WE SERVE
Expenses $1,004,714 · Grants $16,853
As filed on the 2023 return.
Listed in Part VII
-
Randy Cottrell
President
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany Harris
President Elect
- Total calculated
- $0
- Hours/week
- 2
-
Brad Cox
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Cernik
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Alan Ingraham
CEO
- Total calculated
- $223,280
- From this org
- $219,080
- From related orgs
- $0
- Other
- $4,200
- Hours/week
- 38 + 2 related
-
Brian McGeehan
Immediate past president
- Total calculated
- $0
- Hours/week
- 1
-
Wayne Curtis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anita Davis
NAR Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Hall
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda Harned
Director
- Total calculated
- $0
- Hours/week
- 1
-
Donte Harris
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robin Hess
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Kallmyer
NAR Director
- Total calculated
- $0
- Hours/week
- 1
-
Bob Kimball
Director
- Total calculated
- $0
- Hours/week
- 1
-
SHerri McFadden
WCR DIrector
- Total calculated
- $0
- Hours/week
- 1
-
TC Temple
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.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Alan Ingraham CEO
Alan Ingraham, CEO
Schedule J breakdown
- Base
- $5,343 + $4,200 related
- Bonus
- $6,733
- Other
- $230,013
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
Answered yes
- 3 · Compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520299349300827
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