Greater Idaho Falls Association Of Realtors Inc is located in Idaho Falls, ID. The organization was established in 1979. 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, Greater Idaho Falls 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. Greater Idaho Falls 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 12/2023, Greater Idaho Falls Association Of Realtors Inc generated $331.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $381.9k during the year ending 12/2023. While expenses have increased by 15.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST LOCAL REALTORS IN MAINTAINING HIGH STANDARDS, ADOPTING UNIFORM AND EQUITABLE FEES AND COLLECTIVELY WORKING TOWARD THE BETTERMENT OF THE REAL ESTATE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF REALTORS - CONFERENCES
LEADERSHIP ACADEMY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Johnston CEO | Officer | 40 | $128,200 |
Jennifer Mcculloch Secretary | Trustee | 3 | $0 |
Katie Staples Director | Trustee | 3 | $0 |
Chad Murdock Director | Trustee | 3 | $0 |
Jason Grider President | Trustee | 3 | $0 |
Matt Sabine Past-President | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $285,128 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $8,727 |
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 | $293,855 |
Total Program Service Revenue | $6,364 |
Investment income | $709 |
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 | $331,516 |
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. | $128,200 |
Compensation of current officers, directors, key employees. | $128,200 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $57,430 |
Pension plan accruals and contributions | $9,257 |
Other employee benefits | $0 |
Payroll taxes | $15,175 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,812 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $44 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $27,558 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,360 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,216 |
Insurance | $2,265 |
All other expenses | $68,360 |
Total functional expenses | $381,925 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $551,067 |
Savings and temporary cash investments | $19,037 |
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 | $250,387 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $820,491 |
Accounts payable and accrued expenses | $4,095 |
Grants payable | $0 |
Deferred revenue | $207,796 |
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 | $5,467 |
Total liabilities | $217,358 |
Net assets without donor restrictions | $0 |
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 | $603,133 |
Total liabilities and net assets/fund balances | $820,491 |