Mainstreet Organization Of Realtors
- Assets
- $26.3m
- Revenue
- $9.2m
- Investments
- $23.7k
- Employees
- 34
- Location
- Downers Grove, IL
- Founding
- 09/1994
- Data as of
- 09/2023
- EIN
- 36-2085931
Organization Overview
Mainstreet Organization Of Realtors is located in Downers Grove, IL. The organization was established in 1994. 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 09/2023, Mainstreet Organization Of Realtors employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mainstreet Organization 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, Mainstreet Organization Of Realtors generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $8.1m during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PROFESSIONALISM AND COOPERATION AMONG MEMBER REAL ESTATE ASSOCIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING PROFESSIONALISM AND COOPERATION AMONG MEMBER REAL ESTATE ASSOCIATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Letoureau Past President (thru 08/30/2023) | OfficerTrustee | 2 | $0 |
Debbie Pawlowicz Past President | OfficerTrustee | 2 | $0 |
Tim Ryan President | OfficerTrustee | 2 | $0 |
Connie Vavra President Elect | OfficerTrustee | 1 | $0 |
Kinga Korpacz Treasurer | OfficerTrustee | 1 | $0 |
Eric Basiorka Director (thru 08/30/2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sentrilock Lockbox And Service | 9/29/23 | $1,032,459 |
Comsolutions It Consulting And Service | 9/29/23 | $359,933 |
Prosper Strategies Marketing And Communications | 9/29/23 | $211,372 |
Sirius Business Software Programming Consultant | 9/29/23 | $209,760 |
Forewarn Member Benefit-security | 9/29/23 | $180,000 |
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 | $7,072,701 |
| Investment income | $845,331 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $243,633 |
| Net Gain/Loss on Asset Sales | $284,387 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $67,357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,174,914 |
| 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. | $662,033 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,276,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $415,351 |
| Payroll taxes | $193,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,150 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,961 |
| Fees for services: Other | $13,650 |
| Advertising and promotion | $175,422 |
| Office expenses | $35,035 |
| Information technology | $387,198 |
| Royalties | $0 |
| Occupancy | $712,062 |
| Travel | $4,271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,721 |
| Interest | $9,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,925 |
| Insurance | $29,130 |
| All other expenses | $1,001,384 |
| Total functional expenses | $8,130,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,368 |
| Savings and temporary cash investments | $4,853,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $382,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,722 |
| Prepaid expenses and deferred charges | $287,215 |
| Net Land, buildings, and equipment | $4,319,134 |
| Investments—publicly traded securities | $15,166,224 |
| Investments—other securities | $23,749 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,040,850 |
| Total assets | $26,302,753 |
| Accounts payable and accrued expenses | $783,879 |
| Grants payable | $0 |
| Deferred revenue | $2,397,596 |
| 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 | $4,672,999 |
| Total liabilities | $7,854,474 |
| Net assets without donor restrictions | $18,170,605 |
| Net assets with donor restrictions | $277,674 |
| 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 | $26,302,753 |