Southwestern Michigan Board Of Realtors Inc
- Assets
- $802.9k
- Revenue
- $395.8k
- Investments
- $19.8k
- Employees
- 0
- Location
- Saint Joseph, MI
- Founding
- 09/1971
- Data as of
- 06/2020
- EIN
- 38-1841476
Organization Overview
Southwestern Michigan Board Of Realtors Inc is located in Saint Joseph, MI. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Michigan 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 06/2020, Southwestern Michigan Board Of Realtors Inc generated $395.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $355.6k during the year ending 06/2020. While expenses have increased by 3.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROVIDE FOR THE EDUCATION OF THE ORGANIZATIONS MEMBERS AND THE GENERAL PUBLIC IN MATTERS CONCERNING REAL ESTATE TRANSACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED SERVICES TO THE PUBLIC AND AREA REALTORS IN EDUCATION AND GUIDANCE REGARDING REAL ESTATE MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Buda Treasurer | Officer | 3 | $0 |
Patty Lauten President Elect | Officer | 3 | $0 |
Alan Jeffries Secretary And Executive Vice | Officer | 45 | $0 |
Mark Vandusen President | Officer | 3 | $0 |
Debra Floor Director-At-Large | Trustee | 1.5 | $0 |
Tammy Anders Director-At-Large | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,719 |
| Investment income | $14,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,378 |
| 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 | $395,750 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $124,087 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,580 |
| 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 | $4,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,988 |
| Travel | $24,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,973 |
| Insurance | $446 |
| All other expenses | $21,540 |
| Total functional expenses | $355,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,705 |
| Savings and temporary cash investments | $52,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,515 |
| 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 | $34,142 |
| Investments—publicly traded securities | $363,325 |
| Investments—other securities | $19,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,894 |
| Accounts payable and accrued expenses | $13,182 |
| Grants payable | $0 |
| Deferred revenue | $316,544 |
| 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 | $4,344 |
| Total liabilities | $334,070 |
| Net assets without donor restrictions | $468,824 |
| 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 |
| Total liabilities and net assets/fund balances | $468,824 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Strs Ohio Tx Real Estate Investments Inc Columbus, OH | $220,303,180 | $20,609,768 |
Columbus Association Of Realtors Columbus, OH | $9,934,028 | $6,554,174 |
Imh Realty Corporation Franklin, IN | $84,073,233 | $0 |
River Park Community Corp Dayton, OH | $44,515,596 | $4,317,871 |
Nso Properties Detroit, MI | $10,016,182 | $2,478,176 |
Greater Milwaukee Association Of Realtors Inc Milwaukee, WI | $7,902,612 | $2,380,526 |
Yswin Development Inc Evansville, IN | $15,509,584 | $1,301,817 |
Realtors Associations Of Northeast Wisconsin Inc Appleton, WI | $6,876,231 | $1,366,137 |
Kosciusko Community Ymca Building Corporation Warsaw, IN | $0 | $738,000 |
Jvs Blue Ash Cincinnati, OH | $0 | $0 |
Zbt National Housing Inc Carmel, IN | $5,637,243 | $1,013,179 |
Mrm North Campus Inc Milwaukee, WI | $19,031,963 | $894,597 |