Prince Georges County Association Of Realtors Inc
- Assets
- $5.2m
- Revenue
- $2.1m
- Investments
- $58.1k
- Employees
- 9
- Location
- Landover, MD
- Founding
- 03/2007
- Data as of
- 09/2023
- EIN
- 52-0692242
Organization Overview
Prince Georges County Association Of Realtors Inc is located in Landover, MD. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Prince Georges County Association Of Realtors Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prince Georges County Association Of Realtors 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 09/2023, Prince Georges County Association Of Realtors Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 9.1% 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
THE PRINCE GEORGE'S COUNTY ASSOCIATION OF REALTORS (PGCAR) REPRESENTS OVER 3000 REALTORS AND INDUSTRY-RELATED PROFESSIONALS IN PRINCE GEORGE'S COUNTY, MARYLAND, AND THROUGHOUT THE WASHINGTON, DC METROPOLITAN AREA. PGCAR IS THE VOICE OF THE REALTOR, WORKING TO ENSURE PUBLIC POLICY THAT ENCOURAGES HOMEOWNERSHIP IN THE NATIONAL CAPITAL AREA. THE ASSOCIATION ALSO SERVES THE BUSINESS NEEDS OF ITS MEMBERS BY PROVIDING EDUCATION, NETWORKING OPPORTUNITIES, NEWS, INFORMATION AND MANY MORE SERVICES TO GIVE REALTORS THE TOOLS THEY NEED TO BE SUCCESSFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOICE FOR REAL ESTATE - THE PGCAR PUBLIC POLICY TEAM STAYS IN CLOSE CONTACT WITH THE PRINCE GEORGE'S COUNTY COUNCIL AND LOCAL AND STATE LEGISLATIVE LEADERS. PCGAR WORKS WITH THESE POLICYMAKERS TO ENSURE LEGISLATION THAT ENCOURAGES HOME OWNERSHIP AND DOES NOT PUT BURDENS ON THE BUSINESS OF REAL ESTATE, THROUGH E-MAILS AND ITS WEBSITE, PGCAR QUICKLY ALERTS MEMBERS AND THE PUBLIC WHEN ACTION IS NEEDED ON PROPOSED LEGISLATION OR POLICY CHANGE THAT WOULD DETRIMENTALLY AFFECT HOMEOWNERSHIP WITHIN THE COUNTY.
EDUCATION - PGCAR OFFERS CONTINUING EDUCATION COURSES THAT REALTORS NEED TO MAINTAIN THEIR LICENSES. COURSES INCLUDE TOPICS ON FORMS, REGULATIONS, EMERGING TRENDS AND THE LATEST PRODUCTS AND SERVICES. OCCASIONALLY, PGCAR OFFERS HOMEOWNERSHIP AND CREDIT COUNSELING CLASSES FOR MEMBERS OF THE PUBLIC INTERESTED IN BUYING OR SELLING A HOME.
SUPPORTING INDUSTRY ETHICS - PGCAR ENSURES THE ENFORCEMENT OF ETHICAL BUSINESS PRACTICES THANKS TO ITS FORUM FOR COMPLAINTS AND RECOURSE FOR SATISFACTION. ALSO, EACH MEMBER IS REQUIRED TO COMPLETE SPECIAL ETHICS TRAINING ABOVE AND BEYOND WHAT IS MANDATED BY LAW TO MAINTAIN HIS/HER STATUS AS A REALTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Sementilli President | OfficerTrustee | 15 | $0 |
Arnita Greene President - Elect | OfficerTrustee | 5 | $0 |
Carole Webb Secretary | OfficerTrustee | 5 | $0 |
Paul Lancaster Treasurer | OfficerTrustee | 5 | $0 |
Rachel Jefferies Past President | OfficerTrustee | 5 | $0 |
Dee Barino Director | Trustee | 3 | $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 | $1,452,060 |
| Investment income | $235,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $318,703 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,287 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,092,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $506,980 |
| 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. | $223,869 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $501,651 |
| Pension plan accruals and contributions | $24,044 |
| Other employee benefits | $85,165 |
| Payroll taxes | $52,749 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $180 |
| Fees for services: Accounting | $15,158 |
| Fees for services: Lobbying | $29,603 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,241 |
| Advertising and promotion | $0 |
| Office expenses | $166,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $224,354 |
| Travel | $3,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $194,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,160 |
| Insurance | $22,556 |
| All other expenses | $0 |
| Total functional expenses | $2,386,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,895 |
| Savings and temporary cash investments | $3,623,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,678 |
| Prepaid expenses and deferred charges | $48,925 |
| Net Land, buildings, and equipment | $1,143,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $58,136 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,200,794 |
| Accounts payable and accrued expenses | $80,423 |
| Grants payable | $0 |
| Deferred revenue | $75,775 |
| 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 | $86,109 |
| Total liabilities | $242,307 |
| Net assets without donor restrictions | $4,958,487 |
| 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 | $5,200,794 |