Greater Providence Board Of Realtors
- Assets
- $1.8m
- Revenue
- $734.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Cranston, RI
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 05-0204238
Organization Overview
Greater Providence Board Of Realtors is located in Cranston, RI. The organization was established in 1974. 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. As of 12/2023, Greater Providence Board Of Realtors employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Providence Board 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 12/2023, Greater Providence Board Of Realtors generated $734.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $681.3k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GPBORS MISSION IS TO CULTIVATE PROFESSIONALISM IN OUR REAL ESTATE BUSINESSES AND COMMUNITIES THROUGH COLLABORATION, RESOURCES AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES TO ENSURE THE PROFESSIONAL SUCCESS OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Steele President | Trustee | 0.5 | $0 |
Michael Pereira Past President | Trustee | 0.5 | $0 |
Kevin Shepherd President-Elect | Trustee | 0.5 | $0 |
Ashley Almeida Treasurer | Trustee | 0.5 | $0 |
Melissa Rose Secretary | Trustee | 0.5 | $0 |
John Dolan Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $552,104 |
| Fundraising events | $22,439 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,543 |
| Total Program Service Revenue | $136,481 |
| Investment income | $23,853 |
| 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 | $734,877 |
| 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. | $138,670 |
| Compensation of current officers, directors, key employees. | $27,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,929 |
| Payroll taxes | $30,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,163 |
| Fees for services: Accounting | $8,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,154 |
| Advertising and promotion | $12,869 |
| Office expenses | $2,940 |
| Information technology | $17,437 |
| Royalties | $0 |
| Occupancy | $24,366 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,851 |
| Interest | $6,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,296 |
| Insurance | $4,344 |
| All other expenses | $72,820 |
| Total functional expenses | $681,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $490,302 |
| Savings and temporary cash investments | $617,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $615,841 |
| Investments—publicly traded securities | $102,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,826,624 |
| Accounts payable and accrued expenses | $116 |
| Grants payable | $0 |
| Deferred revenue | $393,114 |
| 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 | $96,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,126 |
| Total liabilities | $506,045 |
| Net assets without donor restrictions | $1,320,579 |
| 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 | $1,826,624 |