Lenawee County Association Of Realtors
- Assets
- $239.1k
- Revenue
- $343.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Adrian, MI
- Founding
- 08/1960
- Data as of
- 12/2020
- EIN
- 38-6099894
Organization Overview
Lenawee County Association Of Realtors is located in Adrian, MI. The organization was established in 1960. 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 12/2020, Lenawee County Association Of Realtors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenawee County 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 12/2020, Lenawee County Association Of Realtors generated $343.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $329.0k during the year ending 12/2020. While expenses have increased by 2.2% 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
TO PROMOTE AND EDUCATE REALTOR ACTIVITIES INCLUDING EDUCATIONAL SERVICES, COMMUNITY SERVICES AND OPERATION OF A MULTIPLE LISTING SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE LISTING SERVICE
REALTOR SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanee Gilson President Elect | Officer | 2 | $0 |
Zackery Bock President | Officer | 2 | $0 |
Marcia Randall Past President | Officer | 2 | $0 |
Jeff Rising Treasurer | Officer | 2 | $0 |
Robert Fox Director | Trustee | 2 | $0 |
Kasey White Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $145,720 |
| Fundraising events | $90 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,610 |
| Total Program Service Revenue | $191,027 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $343,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,398 |
| 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 | $91,769 |
| Pension plan accruals and contributions | $2,000 |
| Other employee benefits | $12,014 |
| Payroll taxes | $7,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $617 |
| Fees for services: Accounting | $2,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,417 |
| Advertising and promotion | $0 |
| Office expenses | $3,210 |
| Information technology | $3,818 |
| Royalties | $0 |
| Occupancy | $15,338 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,043 |
| Interest | $1,699 |
| Payments to affiliates | $77,586 |
| Depreciation, depletion, and amortization | $9,467 |
| Insurance | $0 |
| All other expenses | $10,143 |
| Total functional expenses | $329,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,207 |
| 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 | $155,181 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $239,116 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $79,674 |
| 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 | $36,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $116,008 |
| Net assets without donor restrictions | $123,108 |
| 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 | $239,116 |
Grants Awarded
Over the last fiscal year, Lenawee County Association Of Realtors has awarded $8,070 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Adrian, MI | | $3,935 |
Adrian, MI | | $3,785 |
LENAWEE DEPT ON AGING | | | $150 |
Adrian, MI | | $100 |
CATHERINE COBB DOMESTIC VIOLENCE | | | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sigma Kappa National Housing Corp Carmel, IN | $43,130,448 | $13,889,510 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Michigan Association Of Realtors Lansing, MI | $19,860,076 | $8,510,169 |
Ncr Permanent Supportive Housing Services Columbus, OH | $1,083,580 | $3,750,961 |
Association Of College And University Housing Officers - Inte Columbus, OH | $6,244,515 | $3,516,112 |
Michigan Manufactured Housing Rv And Campground Association Okemos, MI | $4,347,878 | $2,091,544 |
National Church Residences Columbus, OH | $7,958,105 | $2,396,850 |
Michigan Association Of Home Builders Lansing, MI | $1,275,641 | $1,128,395 |
Home Builders Association Of Greater Cincinnati Cincinnati, OH | $4,206,787 | $615,926 |
Ohio Home Builders Association Columbus, OH | $1,027,645 | $505,320 |
Builders And Remodelers Association Of Greater Ann Arbor Ann Arbor, MI | $1,234,102 | $312,021 |
Home Builders Association Of Greater Cleveland Independence, OH | $335,366 | $489,607 |