Bakersfield Association Of Realtors
- Assets
- $3.5m
- Revenue
- $988.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Bakersfield, CA
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 95-1450693
Organization Overview
Bakersfield Association Of Realtors is located in Bakersfield, CA. The organization was established in 2008. 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 06/2022, Bakersfield Association Of Realtors employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakersfield Association 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 06/2022, Bakersfield Association Of Realtors generated $988.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $788.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE AND ADVANCE THE REAL ESTATE INDUSTRY IN BAKERSFIELD, CA BY PROVIDING QUALITY SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AIMS TO PROMOTE AND ADVANCE THE REAL ESTATE INDUSTRY IN BAKERSFIELD, CA BY PROVIDING EDUCATION AND RESOURCES TO OVER 2,400 MEMBERS. THE ORGANIZATION ALSO PROMOTES THE REALTOR IMAGE BY PERFORMING COMMUNITY SERVICES AND MAKING DONATIONS TO CERTAIN NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Sprague CEO | Officer | 20 | $59,056 |
Kim Huckaby CEO | Officer | 20 | $33,962 |
Jenny Magana Director | Trustee | 1 | $0 |
Glenn Porter Director | Trustee | 1 | $0 |
Wayland Louie Director | Trustee | 1 | $0 |
Camille Redmond Director | Trustee | 1 | $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 | $874,933 |
| Investment income | $3,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,521 |
| 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 | $7,371 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $988,760 |
| 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. | $87,039 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,106 |
| Pension plan accruals and contributions | $21,321 |
| Other employee benefits | $24,982 |
| Payroll taxes | $24,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,045 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,945 |
| Advertising and promotion | $998 |
| Office expenses | $37,207 |
| Information technology | $24,870 |
| Royalties | $0 |
| Occupancy | $30,729 |
| Travel | $3,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,016 |
| Insurance | $11,310 |
| All other expenses | $52,279 |
| Total functional expenses | $788,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,287,716 |
| Savings and temporary cash investments | $36,328 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,175 |
| Prepaid expenses and deferred charges | $10,653 |
| Net Land, buildings, and equipment | $1,806,879 |
| Investments—publicly traded securities | $107,503 |
| Investments—other securities | $0 |
| Investments—program-related | $67,225 |
| Intangible assets | $561 |
| Other assets | $30,838 |
| Total assets | $3,461,075 |
| Accounts payable and accrued expenses | $33,799 |
| Grants payable | $6,000 |
| Deferred revenue | $741,600 |
| 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 | $59,007 |
| Total liabilities | $840,406 |
| Net assets without donor restrictions | $2,620,669 |
| 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 | $3,461,075 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bakersfield Association Of Realtors has recieved totaling $60,508.
| Awarding Organization | Amount |
|---|---|
C A R Housing Affordability Fund Los Angeles, CA PURPOSE: THE BAKERSFIELD ASSOCIATION OF REALTORS PLANS TO TEAM UP WITH THE HOUSING AUTHORITY OF KERN COUNTY TO OFFER QUALIFIED FIRST-TIME HOMEBUYERS UP TO $2,000 EACH TO HELP WITH CLOSING COSTS FOLLOWING THE CLOSE OF ESCROW OF THE PURCHASE OF THEIR HOME. | $50,000 |
California Association Of Realtors Inc Los Angeles, CA PURPOSE: ADVOCACY | $10,508 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |