Texoma Board Of Realtors Inc
- Assets
- $270.6k
- Revenue
- $121.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Durant, OK
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 73-1296390
Organization Overview
Texoma Board Of Realtors Inc is located in Durant, OK. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texoma Board 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, Texoma Board Of Realtors Inc generated $121.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $130.5k during the year ending 12/2021. While expenses have increased by 5.5% 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
PROFESSIONAL ASSOCIATION WHICH PROVIDES TRAINING, FORMS AND OTHER SUPPORT SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TRAINING, FORMS AND OTHER SUPPORT SERVICES TO OUR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Mccain President | Officer | 2 | $0 |
Spencer Barnett Vice-President | Officer | 2 | $0 |
Jason Hightower Secretary | Officer | 2 | $0 |
Mike Losawyer Treasurer | Officer | 2 | $0 |
Renea Roberts Helping Hands | Officer | 2 | $0 |
Matisan Fulgham Administrative Assistant | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,127 |
| Fundraising events | $0 |
| Related organizations | $31,234 |
| 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 | $121,361 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $42,480 |
| Compensation of current officers, directors, key employees. | $42,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23 |
| Office expenses | $12,051 |
| Information technology | $1,072 |
| Royalties | $0 |
| Occupancy | $15,049 |
| Travel | $18,934 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $130,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $490 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $151,872 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,557 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $270,557 |
| Total liabilities and net assets/fund balances | $270,557 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texoma Board Of Realtors Inc has recieved totaling $6,475.
| Awarding Organization | Amount |
|---|---|
Bryan County United Way Durant, OK PURPOSE: SERVICES TO MEMBERS OF COMMUNITY | $6,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Savelli Properties Inc St Louis, MO | $35,804,880 | $2,705,555 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Kansas City Regional Association Of Realtors Inc Leawood, KS | $26,272,975 | $5,840,290 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Denver Metro Association Of Realtors Denver, CO | $6,496,632 | $3,131,809 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |