Pueblo Association Of Realtors Inc
- Assets
- $2.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Pueblo, CO
- Founding
- 11/1995
- Data as of
- 09/2023
- EIN
- 84-0438825
Organization Overview
Pueblo Association Of Realtors Inc is located in Pueblo, CO. The organization was established in 1995. 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 09/2023, Pueblo Association Of Realtors Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pueblo 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 09/2023, Pueblo Association Of Realtors Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $799.0k during the year ending 09/2023. While expenses have increased by 7.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE ABILITY AND OPPORTUNITY OF ITS MEMBERS, TO CONDUCT THEIR BUSINESS SUCCESSFULLY, ETHICALLY, AND PROFITABLE. TO PROMOTE THE PRESENTATION OF THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY. TO INCREASE PUBLIC'S AWARENESS AND CONFIDENCE IN THE REALTORS PROFESSIONALISM, SKILLS, KNOWLEDGE, AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROTECT BUYERS AND SELLERS PROPERTY RIGHTSTHE MULTIPLE LISING SERVICE IS A DATABASE THAT IS USED BY THE REALTOR MEMBERS/PROFESSIONALS/BROKERS TO SHARE INFORMATION ABOUT PROPERTIES THAT ARE AVAILABLE TO THE PUBLIC FOR SALE. THE DATABASE ALLOWS THE REAL ESTATE BROKERS TO ACCESS AND SEARCH FOR LISTINGS TO MEET THEIR CLIENTS NEEDS OR CRITERIA AND TO HELP THEM FIND A SUITABLE PROPERTY. IT ALLOWS THEM TO SHARE DATA AND TO COOPERATE WITH EACH OTHER SO THE TRANSACTION IS SMOOTH. IT BENEFITS THE BUYERS AN SELLERS BY PROVIDING INFORMATION ABOUT PROPERTY THAT IS AVAILABLE. AGENTS HELP BUYERS AND SELLERS TO HAVE PROFESSIONAL REPRESENTATION IN THE HOME SALE PROCESS. THE MLS PROVIDES EASY ACCESS TO THE HOMES IN THE AREA AND SURROUNDING AREAS.
THE ASSOCIATION PROVIDES EDUCATION CLASSES, OFFERS RESOURCES TO BENEFIT THE AGENT, BUYER AND SELLERS. THE CLASSES ARE OFFERED TO EDUCATE THE REAL ESTATE AGENT IN VARIOUS ASPECTS OF BUYING AND SELLING A HOME INCLUDED BUT NOT LIMITED TO BUYING, SELLING, FINANCING AND LEGAL CONSIDERATIONS TO HELP THEM MAKE INFORMED DECISIONS. CLASSES COVER MARKET TRENDS, NEGOTIATION STRATEGIES, UNDERSTANDING CONTRACTS, FINANCING, UNDERSTANDING LEGAL OBLIGATIONS. THEIR GOAL IS TO HELP BUYERS AND SELLERS COME TO AN INFORMED DECISION THROUGHOUT THE REAL ESTATE PROCESS. ASSISTS REAL ESTATE AGENTS MEET THEIR NEEDS TO RECERTIFY THEIR LICENSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christie Smith Chair | Trustee | 0.4 | $0 |
Shawn Martinez Director | Trustee | 0.4 | $0 |
Deanna Westerby Director | Trustee | 0.4 | $0 |
Kris Magby Director | Trustee | 0.4 | $0 |
Marlene Berrier Director | Trustee | 0.4 | $0 |
Dave Mauro Director | Trustee | 0.4 | $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 | $700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700 |
| Total Program Service Revenue | $922,410 |
| Investment income | $50,000 |
| 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 | $190 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,009,891 |
| 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. | $79,397 |
| Compensation of current officers, directors, key employees. | $27,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,995 |
| Pension plan accruals and contributions | $3,640 |
| Other employee benefits | $23,260 |
| Payroll taxes | $12,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,073 |
| Fees for services: Accounting | $21,873 |
| 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 | $5,247 |
| Information technology | $9,962 |
| Royalties | $0 |
| Occupancy | $26,413 |
| Travel | $63,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,114 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,748 |
| Insurance | $7,457 |
| All other expenses | $65,046 |
| Total functional expenses | $798,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,250 |
| Savings and temporary cash investments | $396,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,152 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,568 |
| Prepaid expenses and deferred charges | $9,856 |
| Net Land, buildings, and equipment | $328,925 |
| Investments—publicly traded securities | $760,711 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,215,299 |
| Accounts payable and accrued expenses | $185,257 |
| Grants payable | $0 |
| Deferred revenue | $127,864 |
| 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 | $313,121 |
| Net assets without donor restrictions | $1,898,700 |
| Net assets with donor restrictions | $3,478 |
| 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 | $2,215,299 |