Norman Board Of Realtors Inc
- Assets
- $1.4m
- Revenue
- $509.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Norman, OK
- Founding
- 04/1972
- Data as of
- 12/2021
- EIN
- 23-7172221
Organization Overview
Norman Board Of Realtors Inc is located in Norman, OK. The organization was established in 1972. 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, Norman Board Of Realtors Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norman Board 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, Norman Board Of Realtors Inc generated $509.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $365.4k during the year ending 12/2021. While expenses have increased by 4.6% 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
SUPPORT SERVICES, EDUCATION, AND PROFESSIONAL DEVELOPEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SERVICES, EDUCATION, AND PROFESSIONAL DEVELOPMENT FOR REAL ESTATE BROKERS AND AGENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Elliott President | OfficerTrustee | 0 | $0 |
Keith Gasaway Treasurer | OfficerTrustee | 0 | $0 |
Pat Keithley Secretary | OfficerTrustee | 0 | $0 |
Doug Bergman Past President | OfficerTrustee | 0 | $0 |
Robin Johnson Executive Director | OfficerTrustee | 0 | $0 |
Andrea Dillard Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $308,711 |
| Fundraising events | $42,681 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $351,632 |
| Total Program Service Revenue | $74,794 |
| Investment income | $699 |
| 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 | $509,114 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,591 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,773 |
| Payroll taxes | $10,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,530 |
| Advertising and promotion | $0 |
| Office expenses | $30,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,587 |
| Travel | $14,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,937 |
| Insurance | $5,797 |
| All other expenses | $22,826 |
| Total functional expenses | $365,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,319 |
| Savings and temporary cash investments | $32,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,983 |
| 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 | $4,935 |
| Net Land, buildings, and equipment | $922,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,637 |
| Total assets | $1,381,283 |
| Accounts payable and accrued expenses | $6,442 |
| Grants payable | $0 |
| Deferred revenue | $4,750 |
| 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 | $184,117 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,588 |
| Total liabilities | $204,897 |
| Net assets without donor restrictions | $1,005,526 |
| Net assets with donor restrictions | $170,860 |
| 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 | $1,381,283 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Colorado Association Of Realtors Englewood, CO | $10,089,792 | $6,585,264 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Savelli Properties Inc St Louis, MO | $35,804,880 | $2,705,555 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Kansas City Regional Association Of Realtors Inc Leawood, KS | $26,272,975 | $5,840,290 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Denver Metro Association Of Realtors Denver, CO | $6,496,632 | $3,131,809 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |