Egyptian Board Of Realtors Inc
- Assets
- $496.4k
- Revenue
- $390.7k
- Investments
- $49.4k
- Employees
- 5
- Location
- Marion, IL
- Founding
- 01/1988
- Data as of
- 09/2023
- EIN
- 37-1035921
Organization Overview
Egyptian Board Of Realtors Inc is located in Marion, IL. The organization was established in 1988. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Egyptian Board Of Realtors Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Egyptian Board 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 09/2023, Egyptian Board Of Realtors Inc generated $390.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $393.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 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
TO GATHER INFORMATION RELATING TO LICENSING PRACTICES, REVIEW CURRENT LEGISLATION, AND ORGANIZE SEMINARS RELATING TO REAL ESTATE. COMPILE INFORMATION FOR USE OF MEMBERS. FURNISH INFORMATION TO PERSONS INTERESTED IN OBTAINING A REAL ESTATE LICENSE AND INFORM THE GENERAL PUBLIC OF TIMES AND PLACES OF COURSES AND EXAMS. HOLD CONTINUING EDUCATION CLASSES FOR MEMBERSHIP. HOLD BUSINESS MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GATHERING INFORMATION RELATING TO LICENSING PRACTICES, REVIEWING CURRENT LEGISLATION & ORGANIZING SEMINARS RELATING TO REAL ESTATE. COMPILING INFORMATION FOR USE OF MEMBERS. FURNISHING INFORMATION TO PERSONS INTERESTED IN OBTAINING A REAL ESTATE LICENSE AND INFORM THE GENERAL PUBLIC OF TIMES AND PLACES OF COURSES AND EXAMS. HOLDING CONTINUING EDUCATION CLASSES FOR MEMBERSHIP. HOLDING REGULAR BUSINESS MEETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charay Palmer Executive Dir. | Officer | 40 | $84,423 |
Paul Coons Director | Trustee | 3 | $0 |
Cindy Bevis Director | Trustee | 3 | $0 |
David Thompson Director | Trustee | 3 | $0 |
Stewart Weisenberger Secretary/treas | OfficerTrustee | 3 | $0 |
Deb Smith Director | Trustee | 3 | $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 | $129,562 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,550 |
| 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 | $211,830 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,725 |
| 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. | $94,434 |
| Compensation of current officers, directors, key employees. | $60,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,225 |
| Fees for services: Accounting | $9,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,509 |
| Office expenses | $8,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,489 |
| Interest | $7,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,078 |
| Insurance | $9,673 |
| All other expenses | $12,521 |
| Total functional expenses | $393,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524 |
| Savings and temporary cash investments | $99 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,527 |
| 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 | $0 |
| Net Land, buildings, and equipment | $444,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $49,368 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $496,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $135,620 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,285 |
| Total liabilities | $146,905 |
| Net assets without donor restrictions | $349,543 |
| 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 | $496,448 |