North Shore Board Of Realtors
- Assets
- $6.0m
- Revenue
- $654.6k
- Investments
- $3.7m
- Employees
- 13
- Location
- Northbrook, IL
- Founding
- 07/1966
- Data as of
- 09/2022
- EIN
- 36-1051682
Organization Overview
North Shore Board Of Realtors is located in Northbrook, IL. The organization was established in 1966. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, North Shore Board Of Realtors employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Shore 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 09/2022, North Shore Board Of Realtors generated $654.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. 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
ADVOCATE FOR ETHICAL AND LEGAL STANDARDS OF PRACTICE AND PROCEDURES IN THE REAL ESTATE INDUSTRY. WE ARE THE PROFESSIONAL TRAINER FOR MANDATORY CONTINUING EDUCATION AS WELL AS A FOCAL POINT FOR ONGOING TRAINING FOR REALTORS.WE ARE THE PREMIERE PROVIDER OF TECHNOLOGY SUPPORT AND TRAINING FOR RELATORS; WE ARE THE ADVOCATE FOR REAL ESTATE ISSUSE IN LOCAL COMMUNITIES AND MAINTAIN A KNOWLEDGE BASE FOR INDUSTRY UPDATES AND COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VARIETY OF ILLINOIS APPROVED CONTINUING EDUCATION COURSES IN VARIOUS LOCATIONS.
PROVIDE A VARIETY OF COURSES FOR NATIONAL ASSOCIATION OF REALTORS DESIGNATIONS.
PROVIDE MEMBERS WITH STATISTICAL INFORMATION COMPILED FROM THE INDEPENDENT REGIONAL MLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Lasky CEO | Officer | 40 | $245,299 |
Steve Hudson President | OfficerTrustee | 1 | $0 |
Brad Andersen Past President | OfficerTrustee | 1 | $0 |
Kati Spaniak President-Elect | OfficerTrustee | 1 | $0 |
Judith Offerle Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Travis Wallace Director | Trustee | 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 | $942,036 |
| Investment income | $51,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,096 |
| Net Gain/Loss on Asset Sales | $27,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,675 |
| 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. | $245,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,243 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,521 |
| Payroll taxes | $31,724 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,767 |
| Fees for services: Accounting | $44,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,844 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,886 |
| Office expenses | $28,038 |
| Information technology | $92,556 |
| Royalties | $0 |
| Occupancy | $22,838 |
| Travel | $30,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,237 |
| Insurance | $9,334 |
| All other expenses | $6,886 |
| Total functional expenses | $1,084,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $211,915 |
| 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 | $29,881 |
| Net Land, buildings, and equipment | $1,171,610 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,700,838 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,571 |
| Total assets | $5,953,520 |
| Accounts payable and accrued expenses | $120,519 |
| Grants payable | $0 |
| Deferred revenue | $398,323 |
| 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 | $814,338 |
| Total liabilities | $1,333,180 |
| Net assets without donor restrictions | $4,620,340 |
| 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 | $5,953,520 |
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