Whatcom County Association Of Realtors
- Assets
- $891.7k
- Revenue
- $322.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Bellingham, WA
- Founding
- 09/1975
- Data as of
- 12/2022
- EIN
- 51-0140441
Organization Overview
Whatcom County Association Of Realtors is located in Bellingham, WA. The organization was established in 1975. 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 12/2022, Whatcom County Association Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Whatcom 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 12/2022, Whatcom County Association Of Realtors generated $322.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $305.5k during the year ending 12/2022. While expenses have increased by 12.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION WAS ESTABLISHED TO SERVE ITS MEMBERS THROUGH CONTINUING EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF MEMBERS AND AFFILIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sommer Nyte President | OfficerTrustee | 1 | $0 |
Charly Myers President-Elect | OfficerTrustee | 1 | $0 |
Brad Hanks Past President | OfficerTrustee | 1 | $0 |
Randy Dorn Treasurer | OfficerTrustee | 1 | $0 |
Joelle Byrnes Treasurer-Elect | Trustee | 1 | $0 |
Jackie Vanbrocklin Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $193,589 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,589 |
| Total Program Service Revenue | $0 |
| Investment income | $1,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $77,857 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $98,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,488 |
| Payroll taxes | $11,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,503 |
| Fees for services: Accounting | $19,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,828 |
| Office expenses | $4,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,410 |
| Travel | $14,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,734 |
| Insurance | $1,449 |
| All other expenses | $5,335 |
| Total functional expenses | $305,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,667 |
| Savings and temporary cash investments | $442,281 |
| 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 | $63,621 |
| Net Land, buildings, and equipment | $78,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $891,675 |
| Accounts payable and accrued expenses | $2,114 |
| Grants payable | $0 |
| Deferred revenue | $128,054 |
| 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 | $130,168 |
| Net assets without donor restrictions | $761,507 |
| 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 | $891,675 |
Grants Awarded
Over the last fiscal year, Whatcom County Association Of Realtors has awarded $15,385 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DOMESTIC VIOLENCE AND SEXUAL ASSAULT SERVICES PURPOSE: BUSINESS COMMUNITY OUTREACH | $7,500 |
HABITAT FOR HUMANITY PURPOSE: COMMUNITY OUTREACHCOMMUNITY OUTREACH | $7,885 |