National Association Of Real Estate Companies Inc, operating under the name Narec Peerspan, is located in Austin, TX. The organization was established in 1978. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Narec Peerspan 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, Narec Peerspan generated $135.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $115.6k during the year ending 12/2022. While expenses have increased by 18.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A FORUM FOR ADDRESSING FINANCIAL AND ACCOUNTING MATTERS FOR REAL ESTATE COMPANIES.
Describe the Organization's Program Activity:
Part 3
ANNUAL CONFERENCE AND TAX CONFERENCE
ANNUAL MANAGEMENT AND TECHNOLOGY CONFERENCE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Heiken Board Member | 2 | $0 | |
Peter Ulstad Board Member | 2 | $0 | |
Eric Emrich Board Member | 2 | $0 | |
Patrick Mackey Board Member | 2 | $0 | |
Kenneth Lamy Board Member | 2 | $0 | |
Brooke Gonce Board Member | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
Total Program Service Revenue | $79,350 |
Membership dues | $23,700 |
Investment income | $189 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $135,239 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $25,149 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $90,453 |
Total expenses | $115,602 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $187,057 |
Other assets | $0 |
Total assets | $214,745 |
Total liabilities | $0 |
Net assets or fund balances | $214,745 |