Mountain Lakes Board Of Realtors
- Assets
- $374.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Murphy, NC
- Founding
- 08/2004
- Data as of
- 12/2022
- EIN
- 56-2022205
Organization Overview
Mountain Lakes Board Of Realtors is located in Murphy, NC. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Lakes Board 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, Mountain Lakes Board Of Realtors generated $169.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $139.9k during the year ending 12/2022. While expenses have increased by 2.7% 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 Program Activity:
Part 3
PROVIDE UNITY AMONG REAL ESTATE PROFESSIONALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Poltrock Vice President | 1 | $0 | |
Brad Bruce Treasurer | 1 | $0 | |
Sherry Mccollum Secretary | 1 | $0 | |
Wayne Cofer Director | 1 | $0 | |
Kristine Flaig Director | 1 | $0 | |
Kathy Vetten President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,287 |
| Total Program Service Revenue | $0 |
| Membership dues | $32,419 |
| Investment income | $113 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $129,985 |
| Total Revenue | $169,804 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $56,096 |
| Professional fees and other payments to independent contractors | $5,994 |
| Occupancy, rent, utilities, and maintenance | $4,246 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $67,605 |
| Total expenses | $139,941 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $305,472 |
| Other assets | $0 |
| Total assets | $374,531 |
| Total liabilities | $3,420 |
| Net assets or fund balances | $371,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mpb Inc Norfolk, VA | $396,978,838 | $58,868,450 |
Georgia Association Of Realtors Inc Atlanta, GA | $16,334,740 | $7,998,537 |
Northern Virginia Assoc Of Realtors Incorporated Fairfax, VA | $24,558,097 | $7,651,355 |
Grady Cass Incorporated Atlanta, GA | $161,041,116 | $0 |
The Georgia Health Sciences Foundation Inc Augusta, GA | $27,494,312 | $7,447,103 |
Rancho Cucamonga Ii Inc Charlotte, NC | $253,822,278 | $8,749,351 |
Richmond Board Of Realtors Richmond, VA | $32,077,110 | $4,626,448 |
Longleaf Pine Realtors Inc Fayetteville, NC | $7,914,934 | $3,962,762 |
Atlanta Realtors Association Inc Atlanta, GA | $8,002,087 | $2,853,636 |
Boscobel Heights Development Company Inc Nashville, TN | $26,913,589 | $950,458 |
Houston Healthcare Properties Inc Warner Robins, GA | $28,129,794 | $1,213,722 |
American Diabetes Association Property Title Holding Corporation Arlington, VA | $20,277,269 | $1,938,970 |