Coastal Carolinas Assoc Of Realtors Inc
- Assets
- $8.4m
- Revenue
- $1.8m
- Investments
- $641.9k
- Employees
- 13
- Location
- Myrtle Beach, SC
- Founding
- 02/1974
- Data as of
- 12/2022
- EIN
- 23-7323477
Organization Overview
Coastal Carolinas Assoc Of Realtors Inc is located in Myrtle Beach, SC. The organization was established in 1974. 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, Coastal Carolinas Assoc Of Realtors Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Carolinas Assoc Of Realtors Inc 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, Coastal Carolinas Assoc Of Realtors Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES THAT ENHANCE THE ABILITY OF REALTOR MEMBERS TO SERVE THEIR CUSTOMERS AND CLIENTS IN A PROFESSIONAL AND ETHICAL MANNER.THE COASTAL CAROLINAS ASSOCIATION OF REALTORS IS THE REAL ESTATE RESOURCE FOR MEMBERS AND THE COMMUNITY. ACCOUNTABILITY - AN OBLIGATION OR WILLINGNESS TO ACCEPT RESPONSIBILITY OR TO ACCOUNT FOR ONE'S ACTIONSSERVICE - AN ACT OF HELPFUL ACTIVITY; HELP; AIDHONESTY - FAIRNESS AND STRAIGHTFORWARDNESS OF CONDUCTINTEGRITY - FIRM ADHERENCE TO A CODE OF ESPECIALLY MORAL OR ARTISTIC VALUESPROFESSIONALISM - THE CONDUCT, AIMS OR QUALITIES THAT CHARACTERIZE OR MARK A PROFESSION OR A PROFESSIONALTHE COASTAL CAROLINAS ASSOCIATION OF REALTORS SERVES AS THE PROFESSIONAL TRADE ORGANIZATION FOR OVER 3800 REALTOR MEMBERS ON THE GRAND STRAND. WE WORK BEHIND THE SCENES DELIVERING SERVICES THAT KEEP OUR MEMBERS IN THE FOREFRONT OF THE REAL ESTATE INDUSTRY. WE ARE THE UNITED VOICE REPRESENTING AND PROTECTING THE INTERESTS OF PROPERTY OWNERS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE QUARTERLY LUNCHEONS, WEEKLY NEWSLETTERS AND VARIOUS EDUCATIONAL SERVICES FOR THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Cates Past President | OfficerTrustee | 2 | $0 |
Ron Jackson President | OfficerTrustee | 2 | $0 |
Jamie Broadhurst President-Elect | OfficerTrustee | 2 | $0 |
Mandy Fulford Secretary | OfficerTrustee | 2 | $0 |
Radha Herring Director | Trustee | 2 | $0 |
Brie Bender Treasurer | OfficerTrustee | 2 | $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 | $1,676,636 |
| Investment income | $15,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,805 |
| Net Gain/Loss on Asset Sales | -$18,289 |
| Net Income from Fundraising Events | -$4,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,805,363 |
| 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 | $557,565 |
| Pension plan accruals and contributions | $23,889 |
| Other employee benefits | $86,889 |
| Payroll taxes | $54,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,876 |
| Fees for services: Accounting | $12,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,106 |
| Advertising and promotion | $34,165 |
| Office expenses | $7,269 |
| Information technology | $13,054 |
| Royalties | $0 |
| Occupancy | $4,149 |
| Travel | $118,126 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,911 |
| Insurance | $12,137 |
| All other expenses | $116,608 |
| Total functional expenses | $1,734,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $794,499 |
| Savings and temporary cash investments | $3,858,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,480 |
| 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 | $96,122 |
| Net Land, buildings, and equipment | $2,003,248 |
| Investments—publicly traded securities | $1,017,781 |
| Investments—other securities | $641,930 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,413,638 |
| Accounts payable and accrued expenses | $292,336 |
| Grants payable | $0 |
| Deferred revenue | $1,168,745 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $939,872 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,400,953 |
| Net assets without donor restrictions | $6,012,685 |
| 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 | $8,413,638 |