Marco Island Area Board Of Realtors Inc
- Assets
- $508.4k
- Revenue
- $588.7k
- Investments
- $5.0k
- Employees
- 4
- Location
- Marco Island, FL
- Founding
- 03/1982
- Data as of
- 12/2023
- EIN
- 59-1872802
Organization Overview
Marco Island Area Board Of Realtors Inc is located in Marco Island, FL. The organization was established in 1982. 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 12/2023, Marco Island Area Board Of Realtors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marco Island Area 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 12/2023, Marco Island Area Board Of Realtors Inc generated $588.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $637.6k during the year ending 12/2023. 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
THE MARCO ISLAND AREA ASSOCIATION OF REALTORS PROACTIVELY PROVIDES SERVICES AND PROGRAMS FOR OUR MEMBERS BENEFIT. THE MARCO ISLAND AREA ASSOCIATION OF REALTORS WILL MAKE AVAILABLE PRODUCTS AND SERVICES WHICH WILL ENABLE THE MEMBER/CUSTOMER TO ACHIEVE HIS OR HER PERSONAL AND PROFESSIONAL OBJECTIVES THROUGH MODERN INFORMATION SYSTEMS AND PROFESSIONAL DEVELOPMENT IN A BUSINESS ENVIRONMENT GOVERNED BY THE REALTORS CODE OF ETHICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN THE STANDARDS OF CONDUCT OF THE NATIONAL ASSOCIATION OF REALTORS AND TO PROVIDE VARIOUS SERVICES FOR THE BENEFIT OF ASSOCIATION MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Winnik Past President | Trustee | 5 | $0 |
Charlie Neal President | OfficerTrustee | 5 | $0 |
Stacy Witthoff Secretary/treasurer | OfficerTrustee | 5 | $0 |
Tammi Vance Director | Trustee | 5 | $0 |
Helen Donaghy Director | Trustee | 5 | $0 |
Jacki Strategos 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 | $288,830 |
| Investment income | $401 |
| 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 | $45,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $588,743 |
| 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. | $132,077 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,658 |
| Pension plan accruals and contributions | $5,824 |
| Other employee benefits | $66,776 |
| Payroll taxes | $21,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,371 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,104 |
| Advertising and promotion | $8,839 |
| Office expenses | $24,086 |
| Information technology | $11,886 |
| Royalties | $0 |
| Occupancy | $30,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,913 |
| Insurance | $20,567 |
| All other expenses | $6,022 |
| Total functional expenses | $637,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $137,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,682 |
| 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 | $14,074 |
| Net Land, buildings, and equipment | $346,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,397 |
| Accounts payable and accrued expenses | $300,220 |
| Grants payable | $0 |
| Deferred revenue | $106,964 |
| 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 | $407,184 |
| Net assets without donor restrictions | $101,213 |
| 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 | $508,397 |