Realtors Association Of The Palm Beaches Inc
- Assets
- $8.4m
- Revenue
- $211.1k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 03/1970
- Data as of
- 09/2023
- EIN
- 59-1237171
Organization Overview
Realtors Association Of The Palm Beaches Inc is located in West Palm Beach, FL. The organization was established in 1970. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Realtors Association Of The Palm Beaches 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 09/2023, Realtors Association Of The Palm Beaches Inc generated $211.1k 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 (33.4%) each year. All expenses for the organization totaled $119.5k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (36.7%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE MEMBERS OF THE REAL ESTATE PROFESSION, TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT AND TO FURTHER THE INTERESTS OF HOME AND OTHER REAL PROPERTY OWNERSHIP IN PALM BEACH COUNTY, FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE TO MEMBERS BY PROVIDING PROGRAMS WHICH WILL ENHANCE THEIR SKILLS TO OPERATE ETHICALLY AND PROFITABLY.
HOLD TRAINING SEMINARS AND ORIENTATION FOR NEW MEMBERS; PROVIDE CONTINUING EDUCATION EDUCATION FOR OTHERS MEMBERS TO ENHANCE THEIR SKILLS; DISSEMINATE INFORMATION TO MEMBERS THROUGH VARIOUS PUBLICATIONS AND SHARING INFORMATION
HOLD MONTHLY MEMBERSHIP MEETINGS AND OTHER EVENTS TO PROMOTE NETWORKING AMONG MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/director | OfficerTrustee | 5 | $0 |
Name Not Listed President Elect /director | OfficerTrustee | 5 | $0 |
Name Not Listed Ceo/secretary | Officer | 40 | $0 |
Jennifer Merritt CFO | 40 | $0 | |
Kimberly Hansen COO | 40 | $0 | |
Carlos Melendez Past President/director | Trustee | 5 | $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 | $0 |
| Investment income | $208,988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $211,058 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,915 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,956 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $60,615 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $119,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,028 |
| 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 | $493,679 |
| Investments—publicly traded securities | $7,171,728 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $632,123 |
| Total assets | $8,362,958 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $8,362,958 |
| 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 | $8,362,958 |