Sussex County Assoc Of Realtors
- Assets
- $3.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Georgetown, DE
- Founding
- 09/1980
- Data as of
- 12/2021
- EIN
- 51-0206759
Organization Overview
Sussex County Assoc Of Realtors is located in Georgetown, DE. The organization was established in 1980. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sussex County Assoc Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sussex County Assoc 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 12/2021, Sussex County Assoc Of Realtors generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. 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
THE SUSSEX COUNTY ASSOCIATION OF REALTORS IS A FISCALLY RESPONSIBLE, PROFESSIONAL TRADE ASSOCIATION WHOSE PURPOSE IS TO PROVIDE LEADING-EDGE PRODUCTS, TECHNOLOGIES, PROGRAMS, AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENFORCEMENT OF THE CODE OF ETHICS;MONITORING LEGISLATIVE ISSUES EFFECTING MEMBERS & THE PUBLIC;PROMOTE REALTOR IMAGE; PROVIDES COURSES OF CONTINUING EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Thomasson President Elect | Officer | 6 | $0 |
Chrissy Steele President | Officer | 6 | $0 |
Allison Stine 1st Vice President | Officer | 0.5 | $0 |
Adriane Gallagher Treasurer | Officer | 2 | $0 |
Carol Materniak 2nd Vice President | Officer | 0.5 | $0 |
Sandi Bisgood Immediate Past President | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $567,576 |
| 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 | $567,576 |
| Total Program Service Revenue | $88,616 |
| Investment income | $11,611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,108 |
| 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 | $1,126,351 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $331,222 |
| Other salaries and wages | $1,692 |
| Pension plan accruals and contributions | $5,248 |
| Other employee benefits | $40,285 |
| Payroll taxes | $24,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,502 |
| Fees for services: Accounting | $26,945 |
| Fees for services: Lobbying | $1,045 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,150 |
| Advertising and promotion | $27,207 |
| Office expenses | $35,600 |
| Information technology | $9,891 |
| Royalties | $0 |
| Occupancy | $46,345 |
| 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 | $91,015 |
| Insurance | $6,594 |
| All other expenses | $354,237 |
| Total functional expenses | $1,047,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,652 |
| Savings and temporary cash investments | $2,151,235 |
| 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 | $0 |
| Net Land, buildings, and equipment | $850,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,240,947 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,095 |
| Total liabilities | $1,095 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,239,852 |
| Total liabilities and net assets/fund balances | $3,240,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philadelphia Convention & Visitors Bureau Of The Chamber Of Commerce Philadelphia, PA | $21,636,489 | $20,955,897 |
The Chamber Of Commerce For Greater Philadelphia Philadelphia, PA | $17,253,411 | $11,743,354 |
New Jersey Association Of Realtors Trenton, NJ | $35,262,029 | $9,547,353 |
Maryland Association Of Realtors Inc Annapolis, MD | $30,475,935 | $7,062,781 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
Lehigh Valley Convention And Visitors Bureau Inc Easton, PA | $4,337,434 | $4,870,520 |
Delaware Compensation Rating Bureau Philadelphia, PA | $480,459 | $3,630,846 |
Utility And Transportation Contract Ors Association Of New Jersey Inc Allenwood, NJ | $2,438,761 | $3,275,196 |
Scranton Chamber Of Commerce Scranton, PA | $3,720,953 | $3,006,087 |
Lancaster Chamber Of Commerce And Industry Lancaster, PA | $2,782,986 | $2,692,826 |
Montgomery County Chamber Of Commerce Rockville, MD | $1,714,044 | $2,115,679 |
Better Business Bureau Of New Jersey Trenton, NJ | $4,189,484 | $1,828,809 |