Realtors Association Of Lake & Sumter Counties Inc
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Tavares, FL
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 59-1627621
Organization Overview
Realtors Association Of Lake & Sumter Counties Inc is located in Tavares, FL. The organization was established in 1999. 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, Realtors Association Of Lake & Sumter Counties Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtors Association Of Lake & Sumter Counties 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, Realtors Association Of Lake & Sumter Counties Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE BUSINESS. TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS. TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT. TO PROTECT AND PROMOTE WELFARE OF REAL ESTATE. TO UNITE WITH FAR AND NAR. TO DESIGNATE THOSE PERSONS AUTHORIZED TO USE THE TRADE TERM "REALTOR".
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Summers CEO | Officer | 40 | $156,155 |
April Rager Kirkland Past-President | OfficerTrustee | 2 | $0 |
Trish Leisner President | OfficerTrustee | 8 | $0 |
Carolyn M Maimone President-Elect | OfficerTrustee | 8 | $0 |
Rob Crawford Vice President | OfficerTrustee | 4 | $0 |
Addie Owens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,861 |
| Total Program Service Revenue | $1,115,159 |
| Investment income | $19,950 |
| 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 | $3,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,320,708 |
| 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. | $155,481 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,519 |
| Pension plan accruals and contributions | $11,401 |
| Other employee benefits | $119,018 |
| Payroll taxes | $37,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,308 |
| Fees for services: Accounting | $30,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,650 |
| Advertising and promotion | $0 |
| Office expenses | $199,771 |
| Information technology | $56,600 |
| Royalties | $0 |
| Occupancy | $49,715 |
| Travel | $21,391 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,004 |
| Insurance | $9,439 |
| All other expenses | $0 |
| Total functional expenses | $1,241,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,262 |
| Savings and temporary cash investments | $14,483 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,742 |
| Prepaid expenses and deferred charges | $72,836 |
| Net Land, buildings, and equipment | $907,048 |
| Investments—publicly traded securities | $959,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,756 |
| Total assets | $2,340,061 |
| Accounts payable and accrued expenses | $140,669 |
| Grants payable | $0 |
| Deferred revenue | $469,404 |
| 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 | $610,073 |
| Net assets without donor restrictions | $1,729,988 |
| 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 | $2,340,061 |
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 |
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 |
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 |
Jbdf Llc Jacksonville, FL | $15,734,913 | $6,993,364 |
Atlanta Commercial Board Of Realtors Inc Atlanta, GA | $2,274,900 | $1,467,624 |
Realtors Association Of Lake & Sumter Counties Inc Tavares, FL | $2,340,061 | $1,320,708 |