Egyptian Board Of Realtors Inc
- Assets
- $502.5k
- Revenue
- $315.0k
- Investments
- $35.3k
- Employees
- 5
- Location
- Marion, IL
- Founding
- 01/1988
- Data as of
- 09/2021
- 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 09/2021, 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 09/2021, Egyptian Board Of Realtors Inc generated $315.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $355.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 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
2021
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 | $76,984 |
Stewart Weisenberger Secretary/treas | OfficerTrustee | 3 | $0 |
Ayn Bartok President | OfficerTrustee | 3 | $0 |
Cindy Bevis Director | Trustee | 3 | $0 |
Paul Coons Director | Trustee | 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 | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $134,531 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,762 |
| 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 | $147,082 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,965 |
| 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. | $81,834 |
| Compensation of current officers, directors, key employees. | $52,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,669 |
| Fees for services: Accounting | $2,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125 |
| Office expenses | $4,903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,628 |
| Interest | $7,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,945 |
| Insurance | $6,369 |
| All other expenses | $11,449 |
| Total functional expenses | $355,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,319 |
| Savings and temporary cash investments | $3,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $460,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,313 |
| Investments—program-related | $0 |
| Intangible assets | $1,931 |
| Other assets | $0 |
| Total assets | $502,467 |
| 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 | $151,214 |
| Unsecured mortgages and notes payable | $39,435 |
| Other liabilities | $6,781 |
| Total liabilities | $197,430 |
| Net assets without donor restrictions | $305,037 |
| 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 | $502,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Real Estate Management Of The Natl Assn Of Realtors Chicago, IL | $10,741,868 | $14,078,057 |
Illinois Assn Of Realtors Springfield, IL | $43,746,253 | $17,014,133 |
Center For Specialized Realtor Education Inc Chicago, IL | $26,431,436 | $9,121,401 |
Swedish American Realty Corporation Rockford, IL | $18,485,524 | $7,044,065 |
Sdco Sfs Logistics Center Inc Chicago, IL | $145,459,378 | $6,525,972 |
Ipers 510 Marquette Inc Chicago, IL | $54,685,062 | $6,518,064 |
Ipers Creekside Inc Chicago, IL | $129,458,514 | $6,603,466 |
Savelli Properties Inc St Louis, MO | $35,804,880 | $2,705,555 |
Ipers Villas On Guadalupe-Tx Inc Chicago, IL | $47,058,177 | $4,863,492 |
Oakland 14th Office Inc Chicago, IL | $72,846,084 | $5,287,147 |
Highlands 501c 25 Inc Chicago, IL | $44,455,397 | $4,360,723 |
Sdc Clifton Commons Inc Chicago, IL | $61,522,059 | $4,418,653 |