Granbury Association Of Realtors Inc
- Assets
- $804.0k
- Revenue
- $474.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Granbury, TX
- Founding
- 10/1984
- Data as of
- 12/2021
- EIN
- 75-1558660
Organization Overview
Granbury Association Of Realtors Inc is located in Granbury, TX. The organization was established in 1984. 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, Granbury 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. Granbury 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, Granbury Association Of Realtors Inc generated $474.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $401.1k during the year ending 12/2021. While expenses have increased by 5.4% 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
ASSIST AREA REALTORS BY PROVIDING SERVICES THAT AID IN PERFORMING THEIR DUTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST AREA REALTORS BY PROVIDING SERVICES THAT AID IN PERFORMING THEIR DUTIES.
RECRUITING NEW MEMBERS, PROVIDING TRAINING, MULTIOPLE LISTING SERVICS TO AREA REALTORS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Allen Past Preside | OfficerTrustee | 0 | $0 |
Whitney Knieper President-El | OfficerTrustee | 0 | $0 |
Lisamarie Sheck President | Trustee | 0 | $0 |
Paula Mcdonald Tar Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $85,598 |
| 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 | $85,598 |
| Total Program Service Revenue | $385,272 |
| Investment income | $3,522 |
| 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 | $474,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $126,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,431 |
| Advertising and promotion | $186 |
| Office expenses | $9,944 |
| Information technology | $2,145 |
| Royalties | $0 |
| Occupancy | $12,086 |
| Travel | $4,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $863 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,178 |
| Insurance | $2,365 |
| All other expenses | $0 |
| Total functional expenses | $401,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,424 |
| Savings and temporary cash investments | $103,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,852 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $327,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $803,992 |
| Accounts payable and accrued expenses | $123,965 |
| Grants payable | $0 |
| Deferred revenue | $161,020 |
| 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 | $284,985 |
| Net assets without donor restrictions | $519,007 |
| 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 | $803,992 |
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