Topsail Island Association Of Realtors Inc

Organization Overview

Topsail Island Association Of Realtors Inc is located in Surf City, NC. The organization was established in 1995. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Topsail Island Association Of Realtors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Topsail Island 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 12/2021, Topsail Island Association Of Realtors Inc generated $226.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $217.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND IMPROVE THE REAL ESTATE PROFESSION IN THE TOPSAIL ISLAND AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONDUCTED MEETINGS OF MEMBERS TO DISSEMINATE INFORMATION RELATED TO THE REAL ESTATE PROFESSION THROUGH THE USE OF PUBLIC SPEAKERS. THIS FUNCTION BENEFITS REAL ESTATE AGENTS, BUILDERS, LENDERS, APPRAISERS, SELLERS, RENTERS AND OTHERS INVOLVED IN THE REAL ESTATE PROFESSION. ALSO MADE CONTRIBUTIONS TO AREA ORGANIZATIONS AND TO VARIOUS COMMUNITY ACTIVITIES.


PROVIDED A MULTIPLE LISTING SERVICE SYSTEM FOR THE USE OF MEMBERS, INCLUDING CONTRACTING TO HAVE A MLS BOOK PRINTED AND TO MAINTAIN A MLS WEBSITE, WITH EACH MEMBER RESPONSIBLE FOR MAINTAINING HIS OWN LISTINGS IN THE MASTER FILES. ALSO PROVIDED AN ELECTRONIC LOCKBOX SYSTEM FOR USE BY MEMBERS WHICH GIVES ADDED SECURITY TO PERSONS WITH PROPERTY FOR SALE.


SPONSORED AND SUPPORTED VARIOUS PROGRAMS OF CONTINUING EDUCATION IN ORDER TO PROVIDE HIGH QUALITY REAL ESTATE PROFESSIONALS TO SERVE THE NEEDS OF THE GENERAL PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Adam Upchurch
President
$0
Della Carson
Treasurer
$0
Jade Litcher
Secretary
$0
Arlene Mcmillan
Association Executive
$0
Beth Dalton
Director
$0
Maureen Sidbury
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$55,216
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$55,216
Total Program Service Revenue$170,817
Investment income $682
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 $0
Miscellaneous Revenue$0
Total Revenue $226,715

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