Montgomery Area Association Of Realtors
- Assets
- $4.2m
- Revenue
- $856.3k
- Investments
- $1.0k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 10/1968
- Data as of
- 12/2021
- EIN
- 63-0378536
Organization Overview
Montgomery Area Association Of Realtors is located in Montgomery, AL. The organization was established in 1968. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery Area 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 12/2021, Montgomery Area Association Of Realtors generated $856.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $689.4k during the year ending 12/2021. While expenses have increased by 8.5% 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 PROMOTE THE REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A UNIFIED MEDIUM TO PROMOTE THE REAL ESTATE INDUSTRY IN THE MONTGOMERY AREA BY PROVIDING INFORMATION AND EDUCATIONAL COURSES FOR ITS MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Weeks President | OfficerTrustee | 0 | $0 |
Bo Evans President Elect | OfficerTrustee | 0 | $0 |
Jeff Dickey Treasurer | OfficerTrustee | 0 | $0 |
Paige Mock Past President | OfficerTrustee | 0 | $0 |
Tiesha Andrews Secretary | OfficerTrustee | 0 | $0 |
James B Owen Executive Vice President | Officer | 40 | $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 | $834,373 |
| Investment income | $105,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $156,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$244,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $856,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,967 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,671 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,714 |
| Fees for services: Accounting | $10,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,599 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,550 |
| Office expenses | $59,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,793 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $233,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,234 |
| Insurance | $4,160 |
| All other expenses | $41,816 |
| Total functional expenses | $689,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,597 |
| Savings and temporary cash investments | $84,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,011,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $473 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,568 |
| Net Land, buildings, and equipment | $568,424 |
| Investments—publicly traded securities | $2,132,220 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,209,450 |
| Accounts payable and accrued expenses | $603,398 |
| Grants payable | $0 |
| Deferred revenue | $541,879 |
| 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 | $1,145,277 |
| Net assets without donor restrictions | $3,064,173 |
| 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 | $4,209,450 |
Grants Awarded
Over the last fiscal year, Montgomery Area Association Of Realtors has awarded $210,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Montgomery, AL PURPOSE: TO PROMOTE THE EFFORTS OF THE LEAD ACADEMY CHARTER SCHOOL IN MONTGOMERY ALABAMA | $200,000 |
WETUMPKA POLICE DEPARTMENT PURPOSE: DISASTER RELIEF SUPPORT FOR WETUMPKA, ALABAMA TORNADO DAMAGE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Atlanta Home Builders Association Inc Atlanta, GA | $2,099,399 | $1,943,083 |
Central Mississippi Realtors Inc Jackson, MS | $4,158,452 | $1,679,349 |
Greater Birmingham Association Of Home Builders Birmingham, AL | $2,470,065 | $1,460,469 |
National Property Management Association Atlanta, GA | $1,900,437 | $1,089,769 |
Realtors Of Punta Gorda Port Charlotte North Port Desoto Inc Port Charlotte, FL | $1,538,822 | $1,461,831 |
Baldwin County Assoc Of Realtors Robertsdale, AL | $6,364,960 | $1,529,077 |
Williamson County Association Of Realtors Brentwood, TN | $3,282,079 | $1,254,397 |
Lakeland Association Of Realtors Lakeland, FL | $2,655,515 | $1,043,502 |
Montgomery Area Association Of Realtors Montgomery, AL | $4,209,450 | $856,263 |
Tennessee Manufactured Housing Association Mt Juliet, TN | $3,435,002 | $966,909 |
Mississippi Manufactured Housing Association Jackson, MS | $2,189,967 | $912,152 |
Ocala-Marion County Association Of Realtors Ocala, FL | $5,236,729 | $891,502 |