Lake Country Board Of Realtors Inc
- Assets
- $877.9k
- Revenue
- $398.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Greensboro, GA
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 58-1858427
Organization Overview
Lake Country Board Of Realtors Inc is located in Greensboro, GA. The organization was established in 2003. 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 12/2022, Lake Country Board Of Realtors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Country Board 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 12/2022, Lake Country Board Of Realtors Inc generated $398.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $365.4k during the year ending 12/2022. While expenses have increased by 8.0% 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
THE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE THE REAL ESTATE PROFESSION IN THE LOCAL COMMUNITY THROUGH INVOLVEMENT IN COMMUNITY ACTIVITIES AND EVENTS. THE ASSOCIATION ALSO PROVIDES EDUCATIONAL AND TECHNICAL SUPPORT FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRADE IS ALSO PROMOTED THROUGH LOCAL COMMUNITY AWARENESS ACHIEVED BY A VISIBILITY AND INVOLVEMENT IN THE COMMUNITY. THE ASSOCIATION ALSO PROVIDES A CENTRALIZED MEETING FACILITY AS WELL AS A REFRENCE LIBRARY FOR MEMBERS WHO NEED A MORE FORMAL SETTING FOR BUSINESS MEETINGS OR NEED A SOURCE FOR TECHNICAL REFRENCES.
CONTINUING EDUCATION -- THE ASSOCIATION COORDINATES AND ORGANIZES CONTINUING EDUCATION SEMINARS FOR ITS MEMBERS IN ORDER TO HELP THE MEMBERS REMAIN IN COMPLIANCE WITH THEIR EDUCATION REQUIREMENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Commanday Mls Director | Officer | 30 | $39,000 |
Lana Marshall Manager | Officer | 30 | $30,242 |
Jonathan Vining President | OfficerTrustee | 2 | $0 |
Ted Baker Past President | OfficerTrustee | 2 | $0 |
Richard Johns President-Elect | OfficerTrustee | 2 | $0 |
Traci Nelson Secretary | OfficerTrustee | 2 | $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 | $8,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,300 |
| Total Program Service Revenue | $387,068 |
| Investment income | $0 |
| 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 | $398,819 |
| 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. | $69,242 |
| Compensation of current officers, directors, key employees. | $3,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,451 |
| Fees for services: Accounting | $4,500 |
| 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 | $22,382 |
| Information technology | $2,011 |
| Royalties | $0 |
| Occupancy | $6,140 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,568 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,624 |
| Insurance | $535 |
| All other expenses | $2,821 |
| Total functional expenses | $365,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,721 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,669 |
| Prepaid expenses and deferred charges | $2,548 |
| Net Land, buildings, and equipment | $342,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,125 |
| Other assets | $7,519 |
| Total assets | $877,947 |
| Accounts payable and accrued expenses | $49,162 |
| Grants payable | $0 |
| Deferred revenue | $139,105 |
| 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 | $5,902 |
| Total liabilities | $194,169 |
| Net assets without donor restrictions | $683,778 |
| 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 | $877,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Association Of Realtors Inc Atlanta, GA | $16,334,740 | $7,998,537 |
Grady Cass Incorporated Atlanta, GA | $161,041,116 | $0 |
The Georgia Health Sciences Foundation Inc Augusta, GA | $27,494,312 | $7,447,103 |
Greater Tampa Association Of Realto Rs Inc Tampa, FL | $22,775,410 | $5,538,850 |
Rancho Cucamonga Ii Inc Charlotte, NC | $253,822,278 | $8,749,351 |
Longleaf Pine Realtors Inc Fayetteville, NC | $7,914,934 | $3,962,762 |
Regional Properties Inc Miami, FL | $42,950,454 | $5,019,456 |
Northeast Florida Association Of Realtors Inc Jacksonville, FL | $16,813,505 | $4,406,893 |
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 |
Avow Real Estate Inc Naples, FL | $17,821,886 | $1,356,778 |