Nebraska Realtors Association
- Assets
- $2.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Lincoln, NE
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 47-0406412
Organization Overview
Nebraska Realtors Association is located in Lincoln, NE. The organization was established in 1964. 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 12/2023, Nebraska Realtors Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Realtors Association 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 12/2023, Nebraska Realtors Association generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNITE REALTOR BOARDS TO BE ABLE TO INFLUENCE MATTERS AFFECTING REAL ESTATE STATE WIDE, UNIFY LAWS AND REGULATIONS AND PROMOTE EDUCATION AMONG MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - COURSES PROVIDE MEMBERS WITH UP TO DATE EDUCATION ON REAL ESTATE RELATED MATTERS AND PROVIDES A PROFESSIONAL ENVIRONMENT FOR MEMBERS.
THE NEBRASKA REALTORS ASSOCIATION IS THE LEADING VOICE FOR REAL ESTATE IN NEBRASKA PROVIDING A PROFESSIONAL ENVIRONMENT FOR ALL ITS MEMBERS.
CONVENTION - DELIVERS EDUCATION ON REAL ESTATE RELATED MATTERS. COURSES ARE DESIGNED TO MEET THE REQUIREMENTS FOR LICENSE RENEWAL. IN ADDITION, MEMBERS ARE ABLE TO LEARN ABOUT PRODUCTS AND SERVICES TO ASSIST THEM WITH THEIR BUSINESS.
NEWSLETTER - DELIVERS EDUCATION ON REAL ESTATE RELATED MATTERS INCLUDING BUT NOT LIMITED TO, REGULATORY, LEGISLATIVE, ENVIRONMENTAL, LIABILITY REDUCTION, FINANCIAL TECHNOLOGY, AND REPRESENTATION OF BUYERS AND SELLERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Dohse President | OfficerTrustee | 1 | $0 |
Arla Meyer President-Elect | OfficerTrustee | 1 | $0 |
Susan Clark Treasurer | OfficerTrustee | 1 | $0 |
Connie Burleigh Past President | OfficerTrustee | 1 | $0 |
Joann Perlinger Central Region Director | Trustee | 1 | $0 |
James Mccord East Region Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,393,712 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,424,256 |
| Total Program Service Revenue | $272,951 |
| Investment income | $83,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,775 |
| 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 | $10,418 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,798,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,542 |
| 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. | $169,221 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $319,613 |
| Pension plan accruals and contributions | $5,625 |
| Other employee benefits | $29,706 |
| Payroll taxes | $39,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,191 |
| Fees for services: Accounting | $57,871 |
| Fees for services: Lobbying | $39,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $93,137 |
| Information technology | $117 |
| Royalties | $0 |
| Occupancy | $52,864 |
| Travel | $165,326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $255,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,752 |
| Insurance | $7,853 |
| All other expenses | $0 |
| Total functional expenses | $1,626,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,587 |
| Savings and temporary cash investments | $1,944,164 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,111 |
| Prepaid expenses and deferred charges | $45,621 |
| Net Land, buildings, and equipment | $774,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,395 |
| Total assets | $2,818,715 |
| Accounts payable and accrued expenses | $76,126 |
| Grants payable | $0 |
| Deferred revenue | $124,882 |
| 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 | $0 |
| Total liabilities | $201,008 |
| Net assets without donor restrictions | $2,617,707 |
| 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 | $2,818,715 |
Grants Awarded
Over the last fiscal year, Nebraska Realtors Association has awarded $70,858 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEBRASKA FLOOD RELIEF CO REALATORS RELIEF FOUNDATION PURPOSE: FLOOD RELIEF | $25,000 |
HOME BUYERS ASSISTANCE FOUNDATION PURPOSE: SALARY AND OVERHEAD ASSISTANCE. | $45,858 |