Greater Lewisville Association Of Realtors
- Assets
- $828.4k
- Revenue
- $326.2k
- Investments
- $5.2k
- Employees
- 2
- Location
- Lewisville, TX
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 75-1664690
Organization Overview
Greater Lewisville Association Of Realtors is located in Lewisville, TX. The organization was established in 1988. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Greater Lewisville Association Of Realtors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lewisville Association 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, Greater Lewisville Association Of Realtors generated $326.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $307.8k during the year ending 12/2023. While expenses have increased by 3.4% 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
ASSIST ALL MEMBERS TO ACHIEVE HIGH PROFESSIONAL AND ETHICAL STANDARDS; TO ENHANCE THE PROFESSIONAL IMAGE OF REALTORS WITHIN THE COMMUNITY; AND TO HELP MEMBERS SUCCEED BY PROVIDING SUPPORT, EDUCATION AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMITTEES: EDUCATION-PROVIDES COURSES FOR MEMBER REALTORS; REALTOR/BUILDER-CONDUCT A "TOUR OF HOMES" TO FAMILIARIZE REALTORS WITH VARIOUS BUILDERS; POLITICAL ACTION COMMITTEES, AND TREPACAS OF DECEMBER 31, 2023 THERE WERE 1,250 MEMBERS.
MEMBERSHIP BUSINESS MEETING: HELD ACCORDING TO BYLAWS, DISCUSSION OF GENERAL MEMBERSHIP, BOARD ACTIVITIES, FINANCIAL STATUS, ETC. USUALLY PAID BY CHARGES TO AFFILIATE MEMBERS WITH MINIMAL CHARGE TO MEMBERS.INSTALLATION - DINNER DANCE WITH AWARDS AND PRESENTATIONS HELD ANNUALLY FOR INSTALLATION OF INCOMING OFFICERS. MEMBERS PURCHASE TICKET TO COVER COSTS ONLY. NOT A FUNDRAISING EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Anderson Txr Director | OfficerTrustee | 0.25 | $0 |
Brenda Taylor Txr Rvp | OfficerTrustee | 0.25 | $0 |
Brooke Hunt Immediate Past President | OfficerTrustee | 0.25 | $0 |
Cerita Loftis Ntreis Bod Representative | Trustee | 0.25 | $0 |
Kellie Stokes Legal Advisor | Trustee | 0.25 | $0 |
Cathy Smith Txr Director | OfficerTrustee | 0.25 | $0 |
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 | $272,865 |
| Investment income | $4,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,200 |
| 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 | $326,198 |
| 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. | $112,722 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $638 |
| Payroll taxes | $35,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,467 |
| Fees for services: Accounting | $17,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,948 |
| Advertising and promotion | $0 |
| Office expenses | $616 |
| Information technology | $7,193 |
| Royalties | $0 |
| Occupancy | $2,205 |
| Travel | $42,606 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,876 |
| Insurance | $5,499 |
| All other expenses | $5,108 |
| Total functional expenses | $307,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,601 |
| Savings and temporary cash investments | $215,243 |
| 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 | $0 |
| Net Land, buildings, and equipment | $190,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,225 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $828,358 |
| Accounts payable and accrued expenses | $13,590 |
| Grants payable | $0 |
| Deferred revenue | $159,323 |
| 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 | $4,057 |
| Total liabilities | $176,970 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $432,485 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $218,903 |
| Total liabilities and net assets/fund balances | $828,358 |