Maine Association Of Realtors
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $1.0k
- Employees
- 6
- Location
- Augusta, ME
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 01-0269301
Organization Overview
Maine Association Of Realtors is located in Augusta, ME. The organization was established in 0000. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Maine Association Of Realtors employed 6 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Maine 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 12/2021, Maine Association Of Realtors generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $987.0k during the year ending 12/2021. 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 UNITE LOCAL BOARDS OF REALTORS AND THEIR MEMBERS WITHIN THE STATE, TO EFFECTIVELY EXERT A COMBINED INFLUENCE ON REAL ESTATE ISSUES AND TO MONITOR AND EVALUATE THE STANDARDS OF THE BUSINESS AND PROFESSIONAL CONDUCT OF REALTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS ARE AS STATED IN THE PRIMARY EXEMPT PURPOSE EXPLANATION ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Guild CEO | Officer | 60 | $145,006 |
Madeleine Hill President Elect | OfficerTrustee | 2 | $0 |
Tom Cole Immediate Past President | OfficerTrustee | 6 | $0 |
Sherri Dunbar Treasurer | OfficerTrustee | 2 | $0 |
Carmen Mcphail First Vice President | OfficerTrustee | 1 | $0 |
Aaron Bolster President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,323,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,336,615 |
| Total Program Service Revenue | $172,662 |
| Investment income | $6,189 |
| 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 | $1,535,466 |
| 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. | $145,006 |
| Compensation of current officers, directors, key employees. | $54,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,648 |
| Payroll taxes | $34,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,290 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $76,307 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,000 |
| Office expenses | $4,004 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,806 |
| Insurance | $16,733 |
| All other expenses | $126,339 |
| Total functional expenses | $986,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,642,289 |
| Savings and temporary cash investments | $365,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,525 |
| 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 | $123,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,135,583 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $5,135,583 |
| 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 | $5,135,583 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Motor Transport Association Inc Augusta, ME | $8,785,601 | $5,668,651 |
Northeastern Lumber Mfrs Assoc Cumberland Center, ME | $1,382,567 | $2,317,379 |
New Hampshire Association Of Realtors Concord, NH | $4,491,328 | $2,021,289 |
Maine Peoples Alliance Portland, ME | $2,675,665 | $1,912,467 |
Portland Regional Chamber Portland, ME | $1,319,394 | $1,407,304 |
Maine Association Of Realtors Augusta, ME | $5,135,583 | $1,535,466 |
Waterville Valley Resort Association Inc Watervl Vly, NH | $405,665 | $871,090 |
Maine Dairy Promotion Board Augusta, ME | $343,200 | $574,167 |
New Hampshire Home Builders Association Concord, NH | $278,319 | $157,009 |
Granite State Dairy Promotion Inc Tilton, NH | $314,188 | $312,910 |
Maine People Before Politics Augusta, ME | $71,982 | $201,065 |
Maine Beer & Wine Wholesalers Assoc Inc Augusta, ME | $32,380 | $181,674 |