Greater Bangor Association Of Realtors
- Assets
- $267.5k
- Revenue
- $158.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brewer, ME
- Founding
- 12/1982
- Data as of
- 12/2021
- EIN
- 01-0384177
Organization Overview
Greater Bangor Association Of Realtors is located in Brewer, ME. The organization was established in 1982. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Bangor 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 12/2021, Greater Bangor Association Of Realtors generated $158.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $96.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BENEFITS OF ASSOCIATION AND A MEMBER FORUM, TO PROMOTE SHARING OF INFORMATION AND EDUCATION, AND TO PROMOTE GOOD PUBLIC IMAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE BENEFITS OF THE ASSOCIATION TO ITS MEMBERS, TO PROMOTE SHARING INFORMATION AND EDUCATION, AND TO PROMOTE A GOOD PUBLIC IMAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Bartol Executive Director | 40 | $59,252 | |
Kortnie Mullins Vice President | Officer | 0 | $0 |
Ashlee Black President | Officer | 0 | $0 |
Daniel Burpee Treasurer | Officer | 0 | $0 |
Jill Mayhew President Elect | Officer | 0 | $0 |
Earl Black Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,420 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,445 |
| Total Program Service Revenue | $112,967 |
| Investment income | $72 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,202 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,686 |
| 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. | $59,252 |
| Compensation of current officers, directors, key employees. | $59,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601 |
| Insurance | $485 |
| All other expenses | $566 |
| Total functional expenses | $96,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,825 |
| Savings and temporary cash investments | $25,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $267,467 |
| Accounts payable and accrued expenses | $4,329 |
| 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 | $4,329 |
| Net assets without donor restrictions | $263,138 |
| 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 | $267,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Star Island Corporation Portsmouth, NH | $13,251,365 | $4,288,283 |
Whittier Falls Inc Dover, NH | $3,402,140 | $639,742 |
Psh Properties Ii Bangor, ME | $2,999,140 | $936,748 |
Lakes Region Board Of Realtors Inc Laconia, NH | $899,581 | $663,225 |
Greater Manchester Nashua Board Of Realtors Inc Bedford, NH | $857,996 | $628,487 |
Area Agency Properties Inc Nashua, NH | $2,229,986 | $523,844 |
Local 861 Employer Container Royalty Trust Portland, ME | $251,094 | $479,000 |
Portland Board Of Realtors Portland, ME | $1,333,467 | $359,406 |
Central Maine Real Estate Management Corp Lewiston, ME | $1,493,445 | $27,510 |
Nwgm Title Holding Company Llc Manchester, NH | $2,371,199 | $416,438 |
Granite State South Board Of Realtors Inc Londonderry, NH | $729,154 | $262,643 |
Mountains To Shore Board Of Realtor Camden, ME | $313,213 | $234,753 |