Metro South Association Of Realtors Education Foundation Inc
- Assets
- $1.0m
- Revenue
- $122.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Morrow, GA
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 58-2586245
Organization Overview
Metro South Association Of Realtors Education Foundation Inc is located in Morrow, GA. The organization was established in 2002. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro South Association Of Realtors Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Metro South Association Of Realtors Education Foundation Inc generated $122.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $99.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Richardson Secretary | 0 | $0 | |
B Anthony White Chairman | 0 | $0 | |
Cynthia Brown Vice Chair | 0 | $0 | |
Phillip Stewart Treasurer | 0 | $0 | |
Kim Freshwater Trustee | 0 | $0 | |
David Sanders Ex Vice Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122,352 |
| Total Revenue | $122,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $57,546 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,217 |
| Total operating and administrative expenses | $96,601 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $99,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,307 |
| Savings and temporary cash investments | $6,691 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $985,663 |
| Other assets | $0 |
| Total assets | $1,007,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $185,595 |
| Total liabilities | $185,595 |
Grants Awarded
Over the last fiscal year, Metro South Association Of Realtors Education Foundation Inc has awarded $4,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAYA KENNEDY PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |
GABRIELLE BARNARD PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |
JOI BLASH PURPOSE: COLLEGE SCHOLARSHIP | $1,500 |