Maine Association Of Realtors
- Assets
- $5.5m
- Revenue
- $1.7m
- Investments
- $1.0k
- Employees
- 5
- Location
- Augusta, ME
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 01-0269301
Organization Overview
Maine Association Of Realtors is located in Augusta, ME. The organization was established in 0000. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Maine Association Of Realtors employed 5 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Maine Association Of Realtors is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Maine Association Of Realtors generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE LOCAL BOARDS OF REALTORS AND THEIR MEMBERS WITHIN THE STATE, TO EFFECTIVELY EXERT A COMBINED INFLUENCE ON REAL ESTATE ISSUES AND TO MONITOR AND EVALUATE THE STANDARDS OF THE BUSINESS AND PROFESSIONAL CONDUCT OF REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS ARE AS STATED IN THE PRIMARY EXEMPT PURPOSE EXPLANATION ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Bolster Immediate Past President | OfficerTrustee | 6 | $0 |
Sherri Dunbar Treasurer | OfficerTrustee | 2 | $0 |
Madeleine Hill President | OfficerTrustee | 4 | $0 |
Paul Mckee First Vice President | OfficerTrustee | 1 | $0 |
Carmen Mcphail President Elect | OfficerTrustee | 2 | $0 |
Joel Alexander Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,310,917 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,859 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,345,776 |
| Total Program Service Revenue | $308,060 |
| Investment income | $7,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,681,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,437 |
| Compensation of current officers, directors, key employees. | $58,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,907 |
| Payroll taxes | $36,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $9,815 |
| Fees for services: Lobbying | $75,535 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,000 |
| Office expenses | $4,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $156,244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,502 |
| Insurance | $17,346 |
| All other expenses | $183,836 |
| Total functional expenses | $1,339,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,993,095 |
| Savings and temporary cash investments | $366,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $115,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,477,825 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $5,477,825 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,477,825 |