Capital Area Association Of Realtors
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Springfield, IL
- Founding
- 11/1952
- Data as of
- 12/2022
- EIN
- 37-0713004
Organization Overview
Capital Area Association Of Realtors is located in Springfield, IL. The organization was established in 1952. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Capital Area Association Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Area 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 12/2022, Capital Area Association Of Realtors generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Sarsany President | OfficerTrustee | 2 | $0 |
Michael Oldenettel Director | OfficerTrustee | 2 | $0 |
Dominic Campo President El | OfficerTrustee | 2 | $0 |
Kimberly Elliott Director | Trustee | 2 | $0 |
Pat Van Etten Director | Trustee | 2 | $0 |
Dena Turner Director | Trustee | 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 | $885,751 |
| Investment income | $7,031 |
| 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 | $616 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,335 |
| 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 | $298,438 |
| Pension plan accruals and contributions | $9,417 |
| Other employee benefits | $2,124 |
| Payroll taxes | $23,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,411 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,537 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,500 |
| Insurance | $5,646 |
| All other expenses | $119,377 |
| Total functional expenses | $1,033,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,301,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,486 |
| Prepaid expenses and deferred charges | $2,964 |
| Net Land, buildings, and equipment | $334,814 |
| Investments—publicly traded securities | $240,829 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,368 |
| Total assets | $1,975,418 |
| Accounts payable and accrued expenses | $77,306 |
| Grants payable | $0 |
| Deferred revenue | $619,203 |
| 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 | $696,509 |
| Net assets without donor restrictions | $1,278,909 |
| 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 | $1,975,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Rental Association Moline, IL | $60,063,193 | $21,216,984 |
Sigma Kappa National Housing Corp Carmel, IN | $43,130,448 | $13,889,510 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Home Builders Association Of St Louis And Eastern Missouri St Louis, MO | $3,455,460 | $2,766,865 |
Home Builders Association Of Greater Kansas City Kansas City, MO | $3,251,651 | $2,025,305 |
Greater Louisville Association Of Realtors Inc Louisville, KY | $9,529,127 | $1,361,558 |
Capital Area Association Of Realtors Springfield, IL | $1,975,418 | $1,191,335 |
Realtor Association Of Southwestern Illinois Belleville, IL | $873,858 | $852,796 |
Iowa Manufactured Housing Association Des Moines, IA | $2,039,224 | $388,214 |
Home Builders Association Of Springfield Springfield, MO | $1,425,709 | $548,998 |
Warsaw Senior Citizens Housing Association Joplin, MO | $889,747 | $416,523 |
Hometown Association Of Realtors Sycamore, IL | $111,741 | $419,077 |