Galveston Association Of Realtors Inc
- Assets
- $420.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Galveston, TX
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 74-1330480
Organization Overview
Galveston Association Of Realtors Inc is located in Galveston, 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 12/2021, Galveston Association Of Realtors Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galveston 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, Galveston Association Of Realtors Inc generated $166.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $178.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FACILITATE MEMBERS' SUCCESS, PROFESSIONALISM AND COOPERATION THROUGH STRATEGIC INITIATIVES TO FOCUS TIME AND RESOURCES ON IMPROVING MEMBER SERVICES AND THE FUNCTION OF THE BOARD BY OFFERING MORE TECHNICAL ASSISTANCE AND INVESTING MORE IN EDUCATION. WE CONDUCT AN ONLINE SURVEY TO POLL MEMBERS ON PROBLEMS THEY EXPERIENCE IN ORDER TO IDENTIFY WHAT NEW OR IMPROVED SERVICES ARE NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Addie Pappous Director | 1 | $0 | |
Brian Kuhn Mls Chairman | 1 | $0 | |
Julie Greenwell Secretary | 1 | $0 | |
Greg Fountain President-Elect | 1 | $0 | |
Reid Nelson Director | 1 | $0 | |
Mary Ellen Smith Imm. Past Pres. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,520 |
| Total Program Service Revenue | $2,895 |
| Membership dues | $0 |
| Investment income | $16,073 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$5,161 |
| Other Revenue | $0 |
| Total Revenue | $166,327 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,528 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $20,454 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $70,293 |
| Total expenses | $178,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $410,611 |
| Other assets | $0 |
| Total assets | $420,075 |
| Total liabilities | $33,680 |
| Net assets or fund balances | $386,395 |
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|---|---|---|
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Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Ocf Medical Facilities Inc New Orleans, LA | $46,999,065 | $6,205,815 |
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 |
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Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |
Jtvp Corporation Houston, TX | $44,960,322 | $2,264,005 |
Nochi Real Estate Inc New Orleans, LA | $19,922,264 | $1,302,004 |