Newport County Board Of Realtors
- Assets
- $439.5k
- Revenue
- $184.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, RI
- Founding
- 09/1982
- Data as of
- 12/2021
- EIN
- 05-0353795
Organization Overview
Newport County Board Of Realtors is located in Middletown, RI. 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. Newport County 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 12/2021, Newport County Board Of Realtors generated $184.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $133.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. 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
TRADE ASSOCIATION FOR REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP MEETINGS, EDUCATIONAL CLASSES TO MAINTAIN HIGH STANDARDS, ORIENTATION AND INSTALLATION OF NEW MEMBERS AND OFFICERS AND PROVIDE UPDATED INFORMATION, NEWSLETTERS, EMAIL AND DIRECTORY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Hilton President | Trustee | 4 | $0 |
Noelle Shiland Past President | Trustee | 4 | $0 |
Brian Russell President Elect | Trustee | 4 | $0 |
Amy Hoag Member At Large | Trustee | 1 | $0 |
Daniele Alsheimer Director | Trustee | 1 | $0 |
Mary Ulrich Budlong Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $170,942 |
| Fundraising events | $0 |
| 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 | $170,942 |
| Total Program Service Revenue | $5,072 |
| Investment income | $135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,062 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $184,211 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $74,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,275 |
| 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 | $861 |
| Information technology | $1,271 |
| Royalties | $0 |
| Occupancy | $10,294 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,689 |
| Insurance | $1,053 |
| All other expenses | $28,717 |
| Total functional expenses | $133,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,917 |
| Savings and temporary cash investments | $317,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179 |
| 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 | $173 |
| Net Land, buildings, and equipment | $36,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $439,491 |
| Accounts payable and accrued expenses | $175 |
| Grants payable | $0 |
| Deferred revenue | $121,965 |
| 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 | $4,405 |
| Total liabilities | $126,545 |
| Net assets without donor restrictions | $312,946 |
| 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 | $439,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |
Chrysalis Center Real Estate Corporation Hartford, CT | $47,837,141 | $6,009,738 |
Np Parc Chateaux Inc Boston, MA | $104,275,838 | $7,607,239 |
Tr Stonehollow Corp Hartford, CT | $87,801,568 | $6,577,713 |
Lockwood Glen Apartments Llc Boston, MA | $87,838,682 | $5,086,526 |
Np Bridge Point North Llc Boston, MA | $123,178,168 | $5,234,585 |
Windward Market Corp Boston, MA | $54,622,251 | $5,727,773 |