Austin Board Of Realtors
- Assets
- $24.4m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Austin, TX
- Founding
- 09/1964
- Data as of
- 12/2023
- EIN
- 74-1129307
Organization Overview
Austin Board Of Realtors is located in Austin, TX. The organization was established in 1964. 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. As of 12/2023, Austin Board Of Realtors employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Board 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, Austin Board Of Realtors generated $8.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $6.0m during the year ending 12/2023. While expenses have increased by 7.0% 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
ABOR USES TECHNOLOGY, EDUCATION, AND ADVOCACY TO MAKE CONNECTIONS THAT STRENGTHEN THE CAREERS OF OUR MEMBERS AND IMPROVE THE LIVES OF CENTRAL TEXAS FAMILIES. WE EMPOWER REALTORS AND THEIR CLIENTS BY CONNECTING THEM TO THE MARKET'S MOST COMPLETE, ACCURATE, AND UP-TO-DATE LISTING DATA. WE CONNECT OUR MEMBERS TO UNPARALLELED OPPORTUNITIES FOR TRAINING AND PROFESSIONAL DEVELOPMENT, WHILE ALSO STRENGTHENING THE INDUSTRY'S CONNECTION TO THE HIGHEST STANDARDS OF ETHICAL BEHAVIOR. AND WE CONNECT HOMEOWNERS AND REALTORS AS A UNIFIED VOICE IN THE LEGISLATIVE PROCESS, SPEAKING UP FOR THE PLACE WE ALL CALL HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPROXIMATELY 17,020 MEMBERS WERE SERVED IN 2023 WITH ACCESS TO EDUCATIONAL COURSES AND TRAINING, COMMUNICATIONS ON LOCAL ISSUES REGARDING THE REAL ESTATE PROFESSION AND PUBLIC AWARENESS AND POLITICAL ADVOCACY ON LOCAL ISSUES AFFECTING REAL ESTATE.
THE ORGANIZATION MAINTAINED HIGH ETHICAL STANDARDS THROUGH ENFORCEMENT OF THE CODE OF ETHICS, ENCOURAGED COMMUNITY INVOLVEMENT AND ENHANCED THE IMAGE OF REAL ESTATE PRACTITIONERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Jackson President | OfficerTrustee | 10 | $0 |
Kent Redding President Elect | OfficerTrustee | 10 | $0 |
Kacy Dolce Secretary/treasurer | OfficerTrustee | 10 | $0 |
Cord Shiflet Past President | OfficerTrustee | 5 | $0 |
Christine Chau Director | Trustee | 5 | $0 |
John Crowe Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcginnis Lochridge Law Firm | 12/30/23 | $131,319 |
Rialto Academy Llc Business Coaching Training Solutions | 12/30/23 | $114,000 |
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 | $4,282,145 |
| Investment income | $229,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,313 |
| Net Gain/Loss on Asset Sales | $16,435 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,035,372 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,034,864 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,050 |
| Fees for services: Accounting | $52,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,561 |
| Fees for services: Other | $52,337 |
| Advertising and promotion | $455,300 |
| Office expenses | $304,119 |
| Information technology | $189,882 |
| Royalties | $0 |
| Occupancy | $386,094 |
| Travel | $443,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $483,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,849 |
| Insurance | $8,888 |
| All other expenses | $186,198 |
| Total functional expenses | $5,959,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,069 |
| Savings and temporary cash investments | $3,879,655 |
| 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 | $146,335 |
| Prepaid expenses and deferred charges | $139,869 |
| Net Land, buildings, and equipment | $402,552 |
| Investments—publicly traded securities | $10,087,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,625,228 |
| Total assets | $24,386,689 |
| Accounts payable and accrued expenses | $320,718 |
| Grants payable | $0 |
| Deferred revenue | $2,561,697 |
| 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 | $20,667 |
| Total liabilities | $2,903,082 |
| Net assets without donor restrictions | $21,483,607 |
| 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 | $24,386,689 |
Grants Awarded
Over the last fiscal year, Austin Board Of Realtors has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL OF TEXAS MEDIA FOUNDATION PURPOSE: INFLUENCE LOCAL CIVIC AND SOCIAL ISSUES | $10,000 |
REALTORS RELIEF FOUNDATION PURPOSE: HOUSING RELATED ASSISTANCE | $20,000 |