Reading-Berks Association Of Realtors Inc
- Assets
- $1.0m
- Revenue
- $436.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Wyomissing, PA
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 23-1322057
Organization Overview
Reading-Berks Association Of Realtors Inc is located in Wyomissing, PA. The organization was established in 1975. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Reading-Berks Association Of Realtors Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading-Berks Association Of Realtors Inc 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, Reading-Berks Association Of Realtors Inc generated $436.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $369.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. 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
PROFESSIONAL TRADE ASSOCIATION FOR LICENSED REAL ESTATE PRACTITIONERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SUPPORTS UNIFICATION OF THE PROFESSION AND STANDARDS OF CONDUCT, UNITES THOSE IN THE PROFESSION WITH STATE AND NATIONAL ASSOCIATIONS, AND MAINTAINS APPROPRIATE DESIGNATIONS OF PROFESSIONALS IN THE AREA. IN 2021, THERE WERE 1,295 INDIVIDUAL MEMBERS AND 63 BUSINESSES SERVED BY THE ASSOCIATION. THE ASSOCIATION PUBLISHES QUARTERLY PRINT AND DIGITAL MEMBER NEWSLETTERS CALLED "PROPERTY LINES". VARIOUS MEETINGS AND MEMBERSHIP ACTIVITIES ARE HELD THROUGHOUT THE YEAR SUCH AS THE FALL AND SPRING BREAKFASTS, A MEMBERSHIP PICNIC, GOLF OUTING AND HOLIDAY AND BOARD INSTALLATION FESTIVITIES. THE ASSOCIATION ALSO HOSTED A 5K FUNDRAISER BENEFITING HABITAT FOR HUMANITY AND NEIGHBORHOOD HOUSING SERVICES. THE ASSOCIATION CONDUCTS VARIOUS COMMUNITY VOLUNTEER INITATIVES THROUGHOUT THE YEAR AND FACILIITES MANY EDUCATIONAL OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT TRAININGS. THE ASSOCIATION ALSO HOLDS NEW MEMBER ORIENTATION MEETINGS AS MANDATED BY THE NATIONAL ASSOCIATION OF REALTORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittney Baker Shurr Association Executive | Officer | 37.5 | $70,175 |
Erica Ramus President | OfficerTrustee | 2 | $0 |
Angela Tolosky Past President | OfficerTrustee | 2 | $0 |
Cj Levan Vice President | OfficerTrustee | 2 | $0 |
Jason Burkholder President-Elect | OfficerTrustee | 2 | $0 |
Gregg Guydish Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $46,004 |
| 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 | $46,004 |
| Total Program Service Revenue | $372,513 |
| Investment income | $911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,800 |
| 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 | $436,228 |
| 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. | $75,798 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,501 |
| Payroll taxes | $18,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $468 |
| Fees for services: Accounting | $6,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,500 |
| Office expenses | $21,775 |
| Information technology | $23,274 |
| Royalties | $0 |
| Occupancy | $20,139 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,002 |
| Insurance | $1,994 |
| All other expenses | $0 |
| Total functional expenses | $369,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180 |
| Savings and temporary cash investments | $562,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,934 |
| Net Land, buildings, and equipment | $135,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,710 |
| Accounts payable and accrued expenses | $11,661 |
| Grants payable | $8,717 |
| Deferred revenue | $144,566 |
| 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 | $1,400 |
| Total liabilities | $166,344 |
| Net assets without donor restrictions | $861,366 |
| 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 | $1,027,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
Ohio Education Assn Columbus, OH | $181,547,317 | $62,723,391 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Ohio School Boards Association Columbus, OH | $19,022,558 | $9,269,056 |
South Carolina Center For Fathers And Families Cleveland, OH | $2,234,846 | $8,447,371 |
Ohio Society Of Certified Public Accountants Columbus, OH | $10,948,438 | $7,921,101 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |