Salt Lake Board Of Realtors
- Assets
- $21.8m
- Revenue
- $6.8m
- Investments
- $7.1m
- Employees
- 14
- Location
- Sandy, UT
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 87-0172850
Organization Overview
Salt Lake Board Of Realtors is located in Sandy, UT. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Salt Lake Board Of Realtors employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Lake Board 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 12/2021, Salt Lake Board Of Realtors generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 6.2% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis A Bullock CEO | Officer | $381,472 | |
Matt Ulrich President | OfficerTrustee | 5 | $23,200 |
Alicia Holdaway Past Preside | OfficerTrustee | $0 | |
Rob Ockey 2nd Vice Pre | OfficerTrustee | $0 | |
Steve Perry 1st Vice Pre | OfficerTrustee | $0 | |
Carlye Webb Treasurer | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,806,976 |
| 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 | $5,806,976 |
| Total Program Service Revenue | $22,737 |
| Investment income | $755,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,048 |
| Net Gain/Loss on Asset Sales | $43,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$34,520 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,834,992 |
| 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. | $404,672 |
| Compensation of current officers, directors, key employees. | $404,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,002,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $254,351 |
| Payroll taxes | $89,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,240 |
| Fees for services: Accounting | $55,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,428,583 |
| Advertising and promotion | $508,179 |
| Office expenses | $145,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $251,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,652 |
| Insurance | $5,370 |
| All other expenses | $3,918 |
| Total functional expenses | $5,035,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,338,624 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,591 |
| Prepaid expenses and deferred charges | $372,254 |
| Net Land, buildings, and equipment | $5,528,861 |
| Investments—publicly traded securities | $4,470,784 |
| Investments—other securities | $7,067,145 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,819,428 |
| Accounts payable and accrued expenses | $659,858 |
| Grants payable | $0 |
| Deferred revenue | $2,585,243 |
| 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 | $133,892 |
| Total liabilities | $3,378,993 |
| Net assets without donor restrictions | $18,440,435 |
| 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 | $21,819,428 |
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