Lake Martin Area Association Of Realtors Inc

Organization Overview

Lake Martin Area Association Of Realtors Inc is located in Alexander City, AL. The organization was established in 1991. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Martin Area Association 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 12/2021, Lake Martin Area Association Of Realtors Inc generated $259.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $153.9k during the year ending 12/2021. While expenses have increased by 7.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE PROFESSION OF REALTORS

Describe the Organization's Program Activity:

Part 3 - Line 4a

UNITE THOSE IN THE REAL ESTATE PROFESSION, PROMOTE ETHICS, AND FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Haley Mckelvey
Treasurer
$0
Samantha Spurlin
President-El
$0
Drew Wilder
Secretary
$0
Jerry Purcell
President
$0
Jimmy Baker
Immediate Pa
$0
Angela Van Houten
Director
$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$163,606
Investment income $91,509
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $789
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $259,795

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