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← BURLINGTON-ALAMANCE COUNTY ASSOCIATION OF REALTORS INC

Form 990 for tax year 2024

Filed by BURLINGTON-ALAMANCE COUNTY ASSOCIATION OF REALTORS INC.

Totals

Total revenue
$196,415
Total expenses
$135,975
Contributions and grants received
$0
Grants paid
$10,450
Program service revenue
$100,665
Investment income
$37,862
Other revenue
$57,888
Total assets, end of year
$816,926
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$816,926
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$108,944

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: MEMBERSHIP DUES FOR BE

    total $100,665 · related or exempt $100,665

  • 3 · Investment income

    total $38,633 · excluded $38,633

  • 7b · Less cost or other basis and sales expenses

    securities $771

  • 7c · Gain or loss

    securities -$771

  • 7d · Net gain or loss

    total -$771 · excluded -$771

  • 8a · Fundraising events: gross income

    $18,550

  • 8b · Fundraising events: direct expenses

    $6,261

  • 8c · Net income from fundraising events

    total $12,289 · excluded $12,289

  • 11a · Other revenue: APPLICATION FEES

    total $19,200 · related or exempt $19,200

  • 11b · Other revenue: CE INCOME

    total $7,419 · related or exempt $7,419

  • 11c · Other revenue: LUNCHEON PROGRAM

    total $6,893 · related or exempt $6,893

  • 11d · All other revenue

    total $12,087 · related or exempt $12,087

  • 11e · Other revenue, total

    $45,599

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,450

  • 11b · Fees: legal

    total $25

  • 11c · Fees: accounting

    total $7,765

  • 11f · Fees: investment management

    total $2,314

  • 12 · Advertising and promotion

    total $1,249

  • 16 · Occupancy

    total $4,800

  • 19 · Conferences, conventions and meetings

    total $225

  • 23 · Insurance

    total $1,407

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $75,000

  • 24b · Other expenses: LUNCHEON EXPENSE

    total $13,155

  • 24c · Other expenses: EDUCATION

    total $6,076

  • 24d · Other expenses: MISCELLANEOUS

    total $3,656

  • 24e · All other expenses

    total $9,853

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $220,225 · end of year $238,914

  • 2 · Savings and temporary cash investments

    beginning of year $154,790 · end of year $181,072

  • 11 · Investments: publicly traded securities

    beginning of year $381,471 · end of year $396,940

  • 27 · Net assets without donor restrictions

    beginning of year $756,486 · end of year $816,926

Mission and programs · 2024

Mission

TO ESTABLISH AND STANDARDIZE THE BUSINESS OF THE REALTORS SO THAT IT SHALL ENHANCE UNIFORM CODE OF ETHICS FOR REALTORS.

Activities or mission (Part I)

TO ESTABLISH AND STANDARDIZE THE BUSINESS OF THE REALTORS SO THAT IT SHALL ENHANCE A MORE UNIFORM CODE OF ETHICS FOR REALTORS.

  • MEMBERSHIP DUES ARE COLLECTED FROM MEMBERS TO ACCOMPLISH THE MISSION OF STANDARDIZING BUSINESS PRACTICES FOR REALTORS. DUES ARE PAID OUT TO AFFILIATED ORGANIZATIONS THAT SUPPORT THE PRIMARY MISSION OF THE ORGANIZATION.

    Revenue $100,665

  • EDUCATION AND SUPPORT PROVIDED TO MEMBER REALTORS, IN SUPPORT OF THE MISSION OF THE ORGANIZATION.

    Expenses $108,944 · Grants $10,450 · Revenue $45,599

As filed on the 2024 return.

Listed in Part VII

  • Holly Rose

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Scott Hines

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jason Scott

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Beverly Foster

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    2

  • John Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Reeves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tina Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carla Cobb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chloe Enoch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Staton Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joshua Whitley

    DIRECTOR

    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
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202532839349300033

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