Southshore Realtors Association Inc
- Assets
- $973.0k
- Revenue
- $671.2k
- Investments
- $50.8k
- Employees
- 2
- Location
- Kenosha, WI
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 39-1041139
Organization Overview
Southshore Realtors Association Inc is located in Kenosha, WI. The organization was established in 1989. 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 12/2021, Southshore Realtors Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southshore Realtors Association 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 12/2021, Southshore Realtors Association Inc generated $671.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $607.3k during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERSHIP BENEFITS SUCH AS EDUCATION, LICENSING, NEWSLETTERS, ARBITRATION, ETC.TO THE MEMBERS OF THE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBERSHIP BENEFITS SUCH AS EDUCATION, LICENSING, NEWSLETTERS, ARBITRATION, ETC.TO THE MEMBERS OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Stroud Secretary | Officer | 20 | $34,618 |
Andrew Hay Vice President | Officer | 0 | $0 |
Alicia Chovan President & CEO | Officer | 0 | $0 |
Marc Frisco Treasurer | Officer | 0 | $0 |
Steve Bostrom Vice President | Officer | 0 | $0 |
Scott Kirschner Director | Trustee | 0 | $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 | $625,045 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,387 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,269 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $671,205 |
| 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. | $34,618 |
| Compensation of current officers, directors, key employees. | $17,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $2,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $360 |
| Office expenses | $25,096 |
| Information technology | $6,445 |
| Royalties | $0 |
| Occupancy | $10,688 |
| Travel | $0 |
| 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 | $3,264 |
| Insurance | $5,456 |
| All other expenses | $17,068 |
| Total functional expenses | $607,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,128 |
| Savings and temporary cash investments | $358,282 |
| 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 | $1,209 |
| Net Land, buildings, and equipment | $96,634 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $50,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $973,041 |
| Accounts payable and accrued expenses | $2,250 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $207,584 |
| Total liabilities | $209,834 |
| Net assets without donor restrictions | $0 |
| 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 | $36,732 |
| Retained earnings, endowment, accumulated income, or other funds | $726,475 |
| Total liabilities and net assets/fund balances | $973,041 |
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|---|---|---|
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