Mainstreet Organization Of Realtors
- Assets
- $23.6m
- Revenue
- $9.2m
- Investments
- $24.9k
- Employees
- 34
- Location
- Downers Grove, IL
- Founding
- 09/1994
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Mainstreet Organization Of Realtors generated $9.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $7.5m during the year ending 09/2022. While expenses have increased by 2.8% 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gormley CEO | Officer | 34 | $378,737 |
Patrick Caffarelli CFO | Officer | 34 | $181,448 |
Kim Mccoy VP Op & Mbr Svcs | 34 | $160,410 | |
Kate Sax VP Prof Stds & Ed | 34 | $136,346 | |
Amy Robey VP Marketing | 34 | $134,725 | |
Linda Dressler Past President (thru 8/30/22) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Forewarn Member Benefit-security | 9/29/22 | $210,000 |
Corporate Office Construction Remodeling Work | 9/29/22 | $199,595 |
Sirius Business Software Programming Consultant | 9/29/22 | $172,800 |
Sentrilock Lockbox And Service | 9/29/22 | $1,060,414 |
Preferred Communications Technology Consulting | 9/29/22 | $228,435 |
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 | $7,173,853 |
| Investment income | $839,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,224 |
| Net Gain/Loss on Asset Sales | $332,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,502 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,176,226 |
| 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. | $626,056 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,967,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $354,430 |
| Payroll taxes | $175,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,799 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $128,852 |
| Fees for services: Other | $13,450 |
| Advertising and promotion | $225,003 |
| Office expenses | $45,566 |
| Information technology | $375,780 |
| Royalties | $0 |
| Occupancy | $587,839 |
| Travel | $3,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,619 |
| Insurance | $29,388 |
| All other expenses | $925,795 |
| Total functional expenses | $7,498,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,991 |
| Savings and temporary cash investments | $5,651,301 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $195,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,234 |
| Prepaid expenses and deferred charges | $137,849 |
| Net Land, buildings, and equipment | $3,913,746 |
| Investments—publicly traded securities | $13,576,050 |
| Investments—other securities | $24,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,779 |
| Total assets | $23,598,352 |
| Accounts payable and accrued expenses | $742,709 |
| Grants payable | $0 |
| Deferred revenue | $2,433,608 |
| 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 | $4,115,147 |
| Total liabilities | $7,291,464 |
| Net assets without donor restrictions | $16,070,074 |
| Net assets with donor restrictions | $236,814 |
| 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 | $23,598,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
German-American Chamber Of Commerce Of The Midwest Chicago, IL | $9,537,423 | $9,672,106 |
Greater Milwaukee Convention & Visitors Bureau Inc Milwaukee, WI | $13,303,680 | $5,924,757 |
The Chicago Association Of Realtors Inc Chicago, IL | $11,107,922 | $7,821,690 |
Illinois Small Business Growth Corporation Springfield, IL | $2,478,514 | $7,890,542 |
Mainstreet Organization Of Realtors Downers Grove, IL | $23,598,352 | $9,176,226 |
International Society Of Transport Aircraft Traders Chicago, IL | $15,949,487 | $6,305,891 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |