North Shore Board Of Realtors
- Assets
- $6.0m
- Revenue
- $1.1m
- Investments
- $3.9m
- Employees
- 14
- Location
- Northbrook, IL
- Founding
- 07/1966
- Data as of
- 09/2023
- EIN
- 36-1051682
Organization Overview
North Shore Board Of Realtors is located in Northbrook, IL. The organization was established in 1966. 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 09/2023, North Shore Board Of Realtors employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Shore Board 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 09/2023, North Shore Board Of Realtors generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.2m during the year ending 09/2023. 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
ADVOCATE FOR ETHICAL AND LEGAL STANDARDS OF PRACTICE AND PROCEDURES IN THE REAL ESTATE INDUSTRY. WE ARE THE PROFESSIONAL TRAINER FOR MANDATORY CONTINUING EDUCATION AS WELL AS A FOCAL POINT FOR ONGOING TRAINING FOR REALTORS.WE ARE THE PREMIERE PROVIDER OF TECHNOLOGY SUPPORT AND TRAINING FOR RELATORS; WE ARE THE ADVOCATE FOR REAL ESTATE ISSUSE IN LOCAL COMMUNITIES AND MAINTAIN A KNOWLEDGE BASE FOR INDUSTRY UPDATES AND COMMUNITY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VARIETY OF ILLINOIS APPROVED CONTINUING EDUCATION COURSES IN VARIOUS LOCATIONS.
PROVIDE A VARIETY OF COURSES FOR NATIONAL ASSOCIATION OF REALTORS DESIGNATIONS.
PROVIDE MEMBERS WITH STATISTICAL INFORMATION COMPILED FROM THE INDEPENDENT REGIONAL MLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hudson Past President | OfficerTrustee | 1 | $0 |
Kati Spaniak President | OfficerTrustee | 1 | $0 |
Thomas Downing Director | Trustee | 1 | $0 |
Travis Wallace Director | Trustee | 1 | $0 |
Luigui Corral President - Elect | OfficerTrustee | 1 | $0 |
Joe Gerber 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 | $937,837 |
| Investment income | $59,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,357 |
| Net Gain/Loss on Asset Sales | -$30,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,118,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,930 |
| 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. | $270,976 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,023 |
| Payroll taxes | $31,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,876 |
| Fees for services: Accounting | $48,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,292 |
| Fees for services: Other | $0 |
| Advertising and promotion | $40,256 |
| Office expenses | $41,924 |
| Information technology | $82,215 |
| Royalties | $0 |
| Occupancy | $17,255 |
| Travel | $20,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,743 |
| Insurance | $7,801 |
| All other expenses | $7,338 |
| Total functional expenses | $1,151,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,828 |
| 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 | $37,907 |
| Net Land, buildings, and equipment | $1,128,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,904,547 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,096 |
| Total assets | $5,966,856 |
| Accounts payable and accrued expenses | $89,782 |
| Grants payable | $0 |
| Deferred revenue | $343,719 |
| 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 | $851,980 |
| Total liabilities | $1,285,481 |
| Net assets without donor restrictions | $4,681,375 |
| 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 | $5,966,856 |