Cache-Rich Association Of Realtors Incorporated
- Assets
- $939.5k
- Revenue
- $471.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Logan, UT
- Founding
- 08/1983
- Data as of
- 12/2023
- 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 12/2023, Cache-Rich Association Of Realtors Incorporated employed 5 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 12/2023, Cache-Rich Association Of Realtors Incorporated generated $471.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $436.5k during the year ending 12/2023. While expenses have increased by 6.6% 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 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 PURPOSE 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 |
|---|---|---|---|
Leticia Shifflet Assoc Executive | Officer | 40 | $66,923 |
Brittany Andrus President | OfficerTrustee | 3 | $4,500 |
Wyatt Olsen President Elect | OfficerTrustee | 1 | $375 |
Celeste Huss Director | Trustee | 0.5 | $0 |
Vern Fielding Treasurer | OfficerTrustee | 0.5 | $0 |
Shannon Poppleton Director | 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 | $464,047 |
| Investment income | $6,986 |
| 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 | $471,033 |
| 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. | $74,098 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,882 |
| Payroll taxes | $7,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,467 |
| Advertising and promotion | $21,698 |
| Office expenses | $30,676 |
| Information technology | $1,699 |
| Royalties | $0 |
| Occupancy | $12,263 |
| Travel | $1,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,011 |
| Insurance | $85 |
| All other expenses | $123 |
| Total functional expenses | $436,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,127 |
| Savings and temporary cash investments | $488,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,660 |
| 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 | $230,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,471 |
| Accounts payable and accrued expenses | $7,710 |
| Grants payable | $0 |
| Deferred revenue | $295,570 |
| 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 | $35,750 |
| Total liabilities | $339,030 |
| Net assets without donor restrictions | $600,441 |
| 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 | $939,471 |