Pen-Mar Regional Assn Of Realtors
- Assets
- $2.1m
- Revenue
- $521.7k
- Investments
- $241.7k
- Employees
- 3
- Location
- Hagerstown, MD
- Founding
- 03/1944
- Data as of
- 12/2022
- EIN
- 52-6064859
Organization Overview
Pen-Mar Regional Assn Of Realtors is located in Hagerstown, MD. The organization was established in 1944. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Pen-Mar Regional Assn Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pen-Mar Regional Assn 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, Pen-Mar Regional Assn Of Realtors generated $521.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $346.0k during the year ending 12/2022. While expenses have increased by 5.6% 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
EDUCATE AND SUPPORT PERSONS IN THE REAL ESTATE PROFESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A FACILITY FOR EDUCATION, RESEARCH, AND EXHCNAGE OF INORMATION FOR THOSE ENGAGE IN THE REAL ESTATE BUSINESS.PROVIDE EDUCATIONAL PROGRAMS, COMMUNITY AND PROFESSIONAL STANDARDS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Licthenberg Affiliate Director | Trustee | 0 | $0 |
Jeff Matthews Director | Trustee | 0 | $0 |
Melissa Wagaman Director | Trustee | 0 | $0 |
Shelley Layton President-Elect | Trustee | 0 | $0 |
Julie Fritsch 2nd VP | Trustee | 0 | $0 |
Heather Barrick Past President | OfficerTrustee | 0 | $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 | $520,721 |
| Investment income | $106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $889 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $521,729 |
| 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 | $0 |
| Other salaries and wages | $174,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,587 |
| Information technology | $1,786 |
| Royalties | $0 |
| Occupancy | $7,080 |
| 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 | $0 |
| Insurance | $5,289 |
| All other expenses | $63,593 |
| Total functional expenses | $346,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125 |
| Savings and temporary cash investments | $985,268 |
| 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 | $333,153 |
| Investments—publicly traded securities | $336,423 |
| Investments—other securities | $241,715 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183,742 |
| Total assets | $2,080,426 |
| Accounts payable and accrued expenses | $281,611 |
| 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 | $0 |
| Total liabilities | $281,611 |
| 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 | $1,798,815 |
| Total liabilities and net assets/fund balances | $2,080,426 |
Grants Awarded
Over the last fiscal year, Pen-Mar Regional Assn Of Realtors has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF FRANKLIN C | | | $7,000 |
HABITAT FOR HUMANITY OF WASHINGTON | | | $7,000 |