Cache-Rich Association Of Realtors Incorporated
- Assets
- $868.3k
- Revenue
- $414.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Logan, UT
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 87-0384193
Organization Overview
Cache-Rich Association Of Realtors Incorporated is located in Logan, UT. The organization was established in 1983. 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, Cache-Rich Association Of Realtors Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cache-Rich Association Of Realtors Incorporated 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, Cache-Rich Association Of Realtors Incorporated generated $414.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $390.8k during the year ending 12/2021. While expenses have increased by 5.9% 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
TO SERVE REAL ESTATE BROKERS AND SALESPEOPLE IN THE CACHE VALLEY AREA BY DEVELOPING A POSITIVE IMAGE AND BY SHARING IDEAS AND INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PUPOSE OF THE ASSOCIATION IS TO SERVE BROKERS AND REAL ESTATE SALESPEOPLE IN THE CACHE VALLEY AREA, TO MAINTAIN AND DEVELOP A PROFESSIONAL IMAGE, AND TO SHARE IDEAS AND INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Merkley Assoc Executive | Officer | 40 | $69,327 |
Clark Rigby President | OfficerTrustee | 0.5 | $4,500 |
Leticia Shifflet Assoc Executive | Officer | 40 | $2,500 |
Marian Fielding President Elect | OfficerTrustee | 0.5 | $0 |
Kyle Saunders Treasurer | OfficerTrustee | 0.5 | $0 |
Robert Brown Past President | Trustee | 0.5 | $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 | $408,782 |
| Investment income | $5,928 |
| 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 | $414,710 |
| 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. | $89,977 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,293 |
| Pension plan accruals and contributions | $5,250 |
| Other employee benefits | $5,823 |
| Payroll taxes | $6,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,830 |
| Advertising and promotion | $22,768 |
| Office expenses | $19,338 |
| Information technology | $1,480 |
| Royalties | $0 |
| Occupancy | $11,462 |
| Travel | $1,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,908 |
| Insurance | $475 |
| All other expenses | $257 |
| Total functional expenses | $390,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,650 |
| Savings and temporary cash investments | $543,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340 |
| 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 | $7,336 |
| Net Land, buildings, and equipment | $239,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $868,345 |
| Accounts payable and accrued expenses | $8,591 |
| Grants payable | $0 |
| Deferred revenue | $255,490 |
| 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 | $35,150 |
| Total liabilities | $299,231 |
| Net assets without donor restrictions | $569,114 |
| 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 | $868,345 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
Tmc Holdings Inc Tucson, AZ | $68,218,396 | $6,472,503 |
Tucson Association Of Realtors Inc Tucson, AZ | $7,118,539 | $3,342,875 |
Nellis-Stewart Inc Las Vegas, NV | $28,552,356 | $2,374,620 |
Denver Metro Association Of Realtors Denver, CO | $6,496,632 | $3,131,809 |
South Metro Denver Realtor Association Inc Centennial, CO | $7,202,323 | $1,681,652 |
Northern Wasatch Association Of Realtors South Ogden, UT | $9,212,927 | $2,554,624 |
Boise Regional Realtors Inc Boise, ID | $4,503,987 | $2,800,698 |
Pikes Peak Association Of Realtors Inc Colorado Springs, CO | $10,870,945 | $1,683,320 |
Washington County Board Of Realtors St George, UT | $5,134,467 | $1,625,807 |
Clinica Holding Company Lafayette, CO | $18,656,996 | $670,864 |