Quad City Area Realtor
- Assets
- $2.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Bettendorf, IA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 36-2746009
Organization Overview
Quad City Area Realtor is located in Bettendorf, IA. The organization was established in 1978. 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, Quad City Area Realtor employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad City Area Realtor 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, Quad City Area Realtor generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 4.4% 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
PROFESSIONAL TRADE ASSOCIATION ESTABLISHED TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION; TO SAFEGUARD AND ADVANCE THEIR INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL TRADE ASSOCIATION ESTABLISHED TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN ORDER TO SAFEGUARD AND ADVANCE THEIR INTERESTS.
MEMBER SERVICES - TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION; TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT; TO DESIGNATE INDIVIDUALS WITHIN THE JURISDICTION AS "REALTORS".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Smith CEO | Officer | 50 | $114,600 |
Kendra Mulcahy Past President | OfficerTrustee | 1 | $0 |
Richard Koestner Director | Trustee | 1 | $0 |
David Gellerman President-Elect | OfficerTrustee | 1 | $0 |
Dennis Bell President | OfficerTrustee | 1 | $0 |
Craig Newcomb Secretary/treas | OfficerTrustee | 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 | $921,898 |
| Investment income | $14,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,252 |
| 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 | $1,367,613 |
| 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. | $114,600 |
| Compensation of current officers, directors, key employees. | $38,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,973 |
| Pension plan accruals and contributions | $9,779 |
| Other employee benefits | $4,559 |
| Payroll taxes | $22,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,730 |
| Advertising and promotion | $32,893 |
| Office expenses | $2,435 |
| Information technology | $381,737 |
| Royalties | $0 |
| Occupancy | $51,494 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,766 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,539 |
| Insurance | $7,015 |
| All other expenses | $54,383 |
| Total functional expenses | $1,266,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,579 |
| Savings and temporary cash investments | $425,873 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,319 |
| 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 | $8,199 |
| Net Land, buildings, and equipment | $1,138,559 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $116,196 |
| Total assets | $2,617,725 |
| Accounts payable and accrued expenses | $52,677 |
| Grants payable | $0 |
| Deferred revenue | $379,555 |
| 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 | $19,386 |
| Total liabilities | $451,618 |
| Net assets without donor restrictions | $2,166,107 |
| 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 | $2,617,725 |