Realtor Association Of Southern Kentucky Inc is located in Bowling Green, KY. The organization was established in 1981. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Realtor Association Of Southern Kentucky Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor Association Of Southern Kentucky 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, Realtor Association Of Southern Kentucky Inc generated $366.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $241.0k during the year ending 12/2021. While expenses have increased by 7.4% 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 DEVELOP, PROMOTE AND PROVIDE PROGRAMS AND SERVICES WHICH ENHANCE THE MEMBER REALTOR'S ABILITY TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION COURSES TO ALL MEMBERS TO ENHANCE THEIR KNOWLEDGE OF CURRENT LAWS AND BUSINESS TRENDS.
PROMOTE THE REALTOR(R) PROFESSION AND THE VALUE OF USING A REALTOR(R).
MONITOR AND ENFORCE THE NATIONAL ASSOCIATION OF REALTORS CODE OF ETHICS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenny Cravens President | OfficerTrustee | 2 | $0 |
Stacey Fergerson Imm- Past President | OfficerTrustee | 2 | $0 |
Kelley Mcgough 2nd Vice President | OfficerTrustee | 2 | $0 |
Andy Wilkins Secretary/treasurer | OfficerTrustee | 2 | $0 |
Angi Cline 1st Vice President | OfficerTrustee | 2 | $0 |
Luke Williams Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $294,548 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,915 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $298,463 |
Total Program Service Revenue | $7,284 |
Investment income | $10,657 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $35,741 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $366,302 |
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 | $75,624 |
Pension plan accruals and contributions | $3,033 |
Other employee benefits | $139 |
Payroll taxes | $7,667 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,660 |
Fees for services: Accounting | $5,110 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $6,956 |
Fees for services: Other | $4,622 |
Advertising and promotion | $0 |
Office expenses | $22,171 |
Information technology | $4,892 |
Royalties | $0 |
Occupancy | $28,727 |
Travel | $20,005 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $775 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,379 |
Insurance | $6,413 |
All other expenses | $0 |
Total functional expenses | $241,006 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $557,473 |
Savings and temporary cash investments | $23,625 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,179 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,018 |
Prepaid expenses and deferred charges | $5,297 |
Net Land, buildings, and equipment | $1,313 |
Investments—publicly traded securities | $574,121 |
Investments—other securities | $879,280 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,048,306 |
Accounts payable and accrued expenses | $29,576 |
Grants payable | $0 |
Deferred revenue | $264,946 |
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 | $294,522 |
Net assets without donor restrictions | $1,753,784 |
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 | $2,048,306 |
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