Lufkin Board Of Realtors Inc
- Assets
- $386.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lufkin, TX
- Founding
- 01/1978
- Data as of
- 12/2022
- EIN
- 75-1545088
Organization Overview
Lufkin Board Of Realtors Inc is located in Lufkin, TX. The organization was established in 1978. 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. Lufkin 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 12/2022, Lufkin Board Of Realtors Inc generated $142.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $115.4k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Gann Past President | 1 | $0 | |
Abby Todd President | 1 | $0 | |
Pat Penn Vice President | 1 | $0 | |
Savannah Haney Sec/treas | 1 | $0 | |
Angie Williams State Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $74,279 |
| Investment income | $30,593 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,605 |
| Other Revenue | $42,500 |
| Total Revenue | $142,767 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,945 |
| Professional fees and other payments to independent contractors | $2,600 |
| Occupancy, rent, utilities, and maintenance | $11,058 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,755 |
| Total expenses | $115,358 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $317,985 |
| Other assets | $0 |
| Total assets | $386,617 |
| Total liabilities | $109,569 |
| Net assets or fund balances | $277,048 |