Greater Capital Association Of Realtors
- Assets
- $5.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Albany, NY
- Founding
- 08/1994
- Data as of
- 12/2023
- EIN
- 14-1468905
Organization Overview
Greater Capital Association Of Realtors is located in Albany, NY. The organization was established in 1994. 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 12/2023, Greater Capital Association Of Realtors employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Capital 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 12/2023, Greater Capital Association Of Realtors generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREATER CAPITAL ASSOCIATION OF REALTORS IS A PROFESSIONAL TRADE ASSOCIATION WHICH PROVIDES ITS MEMBERS WITH VALUE THROUGH PROGRAMS AND SERVICES, THE PROMOTION OF COOPERATION AND ETHICS AMONG ITS MEMBERS, AND SUPPORT OF THE COMMUNITY THROUGH CHARITABLE ACTIVITIES AND THE CHAMPIONING OF PRIVATE PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION TRANSMITTALS. THE ASSOCIATION ACTS AS A CONDUIT FOR THE COLLECTION AND REMITTANCE OF MEMBERSHIP TRANSMITTAL BENEFITS SUCH AS HEALTH INSURANCE AND DUES.
OTHER SALARIES AND WAGES. ASSOCIATION EMPLOYEES REGULARLY MEET WITH IT'S MEMBERS TO DISCUSS REAL ESTATE BUSINESS ISSUES.
MEMBER SERVICES & EDUCATION. THE ASSOCIATION, AS PART OF IT'S ON GOING MISSION TO REGULARLY UPDATE IT'S MEMBERS IN THE REAL ESTATE PROFESSION, PROVIDES CURRENT TOPIC EDUCATIONAL SEMINARS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felton Mclaughlin Director | Trustee | 0.01 | $0 |
Kirsten Blanchard Director | Trustee | 0.1 | $0 |
Kendal F Baker Immed. Past President | OfficerTrustee | 0.1 | $0 |
Kathie A Spangler Director | Trustee | 0.01 | $0 |
Michelle Poccia Director | Trustee | 0.1 | $0 |
Kathleen M Sullivan President-Elect | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,270,465 |
| Investment income | $62,514 |
| 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 | -$17,745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,474,409 |
| 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. | $282,466 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $825,046 |
| Pension plan accruals and contributions | $37,574 |
| Other employee benefits | $43,905 |
| Payroll taxes | $73,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,018 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $5,189 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,911 |
| Office expenses | $24,197 |
| Information technology | $43,868 |
| Royalties | $0 |
| Occupancy | $82,250 |
| Travel | $51,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,649 |
| Insurance | $24,783 |
| All other expenses | $8,513 |
| Total functional expenses | $1,860,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,213 |
| Savings and temporary cash investments | $2,648,276 |
| 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 | $497 |
| Net Land, buildings, and equipment | $2,207,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $443,776 |
| Total assets | $5,700,159 |
| Accounts payable and accrued expenses | $1,168 |
| Grants payable | $0 |
| Deferred revenue | $801,607 |
| 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 | $802,775 |
| Net assets without donor restrictions | $4,897,384 |
| 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 | $5,700,159 |