Realtors Association Of Lincoln
- Assets
- $2.4m
- Revenue
- $478.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Lincoln, NE
- Founding
- 04/1998
- Data as of
- 09/2023
- EIN
- 47-6032742
Organization Overview
Realtors Association Of Lincoln is located in Lincoln, NE. The organization was established in 1998. 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 09/2023, Realtors Association Of Lincoln employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtors Association Of Lincoln 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 09/2023, Realtors Association Of Lincoln generated $478.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $385.4k during the year ending 09/2023. While expenses have increased by 5.2% per year over the past 8 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
TO PROVIDE PROGRAMS, PRODUCTS, AND SERVICES THAT ENHANCE THE CAREERS OF OUR MEMBERS AND THE LONG-TERM STABILITY OF THE REAL ESTATE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS, PRODUCTS, AND SERVICES THAT ENHANCE THE CAREERS OF OUR MEMBERS AND THE LONG-TERM STABILITY OF THE REAL ESTATE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Grady Director | Trustee | 1 | $0 |
Tami Lambie President | OfficerTrustee | 1 | $0 |
Brad Hulse Vice President | OfficerTrustee | 1 | $0 |
Stacy Fernandez Director | Trustee | 1 | $0 |
Tj Gibbons Director | Trustee | 1 | $0 |
Tyler Reynolds Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $296,604 |
| 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 | $296,604 |
| Total Program Service Revenue | $109 |
| Investment income | $192,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,338 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$39,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,607 |
| 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. | $64,369 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,339 |
| Pension plan accruals and contributions | $2,666 |
| Other employee benefits | $13,581 |
| Payroll taxes | $11,997 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,600 |
| Fees for services: Accounting | $31,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,667 |
| Office expenses | $10,923 |
| Information technology | $7,295 |
| Royalties | $0 |
| Occupancy | $20,939 |
| Travel | $20,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,620 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,372 |
| Insurance | $0 |
| All other expenses | $10,954 |
| Total functional expenses | $385,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,803 |
| Savings and temporary cash investments | $0 |
| 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 | $195 |
| Net Land, buildings, and equipment | $110,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,456,540 |
| Total assets | $2,426,744 |
| Accounts payable and accrued expenses | $574,367 |
| Grants payable | $0 |
| Deferred revenue | $239,900 |
| 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 | $814,267 |
| Net assets without donor restrictions | $1,612,477 |
| 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 | $2,426,744 |