Upper Cumberland Association Of Realtors
- Assets
- $1.0m
- Revenue
- $725.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Cookeville, TN
- Founding
- 04/1993
- Data as of
- 12/2023
- EIN
- 62-1268440
Organization Overview
Upper Cumberland Association Of Realtors is located in Cookeville, TN. The organization was established in 1993. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Upper Cumberland Association Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upper Cumberland Association 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 12/2023, Upper Cumberland Association Of Realtors generated $725.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $671.6k during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE REAL ESTATE PROFESSIONALS TO EXERT A BENEFICIAL INFLUENCE UPON THE PROFESSION; TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT AS EXPRESSED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF RELATORS; AND TO FURTHER THE INTEREST OF PROPERTY OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MLS MANAGEMENT
N/A
REVENUES AND EXPENDITURES RELATED TO UNITING REAL ESATE PROFESSIONS SUCH AS EDUCATION, ETC. TO EXERT A BENEFICIAL INFLUENCE UPON THE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Glover Executive VP | Officer | 40 | $58,877 |
John Billings Secretary | OfficerTrustee | $0 | |
Victor Bullard Director | Trustee | $0 | |
Libby Capps President | OfficerTrustee | $0 | |
Shannon Johnson Director | Trustee | $0 | |
Elaina Morgan Director | Trustee | $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 | $723,506 |
| Investment income | $12,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$826 |
| Net Income from Fundraising Events | -$18,325 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,019 |
| 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 | $176,927 |
| Compensation of current officers, directors, key employees. | $58,877 |
| Compensation of current officers, directors, key employees. | $58,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,649 |
| Payroll taxes | $7,664 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,160 |
| Fees for services: Accounting | $28,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $900 |
| Office expenses | $14,758 |
| Information technology | $2,563 |
| Royalties | $0 |
| Occupancy | $60,067 |
| Travel | $23,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,228 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,371 |
| Insurance | $3,479 |
| All other expenses | $22,838 |
| Total functional expenses | $671,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,280 |
| Savings and temporary cash investments | $714,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,461 |
| Prepaid expenses and deferred charges | $29,264 |
| Net Land, buildings, and equipment | $27,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,003,033 |
| Accounts payable and accrued expenses | $54,331 |
| Grants payable | $0 |
| Deferred revenue | $237,735 |
| 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 | $8,293 |
| Total liabilities | $300,359 |
| Net assets without donor restrictions | $702,674 |
| 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 | $1,003,033 |