Tallahassee Board Of Realtors
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $613.8k
- Employees
- 6
- Location
- Tallahassee, FL
- Founding
- 07/1965
- Data as of
- 12/2022
- EIN
- 59-6150407
Organization Overview
Tallahassee Board Of Realtors is located in Tallahassee, FL. The organization was established in 1965. 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, Tallahassee Board Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tallahassee Board Of Realtors 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, Tallahassee Board Of Realtors generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.5% 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
TO PROVIDE PRODUCTS AND SERVICES TO OUR MEMBERS THAT ALLOW THEM TO OPERATE THEIR BUSINESS BOTH PROFITABLY AND ETHICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS LEAGUE TO PROMOTE THE INTERESTS OF REALTORS AND TO MAINTAIN THE HIGH STANDARDS OF CONDUCT AND EDUCATION FOR THE PROFESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Carter Director | Trustee | 5 | $0 |
Stewart Proctor Director | Trustee | 5 | $0 |
Mary F Applegate Director | Trustee | 5 | $0 |
Amy Banning Director | Trustee | 5 | $0 |
Jim M Butler Director | Trustee | 5 | $0 |
Anthony D Gifford 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 | $4,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,638 |
| Total Program Service Revenue | $778,949 |
| Investment income | $40,752 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,746 |
| Net Gain/Loss on Asset Sales | -$4,691 |
| Net Income from Fundraising Events | -$141 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,170,115 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,412 |
| Grants and other assistance to domestic individuals. | $1,580 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,067 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,722 |
| Pension plan accruals and contributions | $16,626 |
| Other employee benefits | $50,978 |
| Payroll taxes | $27,023 |
| 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 | $15,387 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $202,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,351 |
| Travel | $50,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,646 |
| Insurance | $6,085 |
| All other expenses | -$44 |
| Total functional expenses | $1,120,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281 |
| Savings and temporary cash investments | $693,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,720 |
| 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 | $41,877 |
| Net Land, buildings, and equipment | $1,297,392 |
| Investments—publicly traded securities | $971,077 |
| Investments—other securities | $613,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250 |
| Total assets | $3,697,442 |
| Accounts payable and accrued expenses | $337,994 |
| Grants payable | $0 |
| Deferred revenue | $316,945 |
| 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 | $654,939 |
| Net assets without donor restrictions | $3,042,503 |
| 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 | $3,697,442 |
Grants Awarded
Over the last fiscal year, Tallahassee Board Of Realtors has awarded $50,266 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
REALTORS POLITICAL ACTION COMMITTEE PURPOSE: POLITICAL CONTRIBUTION | $24,545 |
INDEPENDENCE LANDING INC PURPOSE: LIVING ASSISTANCE | $25,721 |