Lenawee County Association Of Realtors
- Assets
- $168.8k
- Revenue
- $319.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Adrian, MI
- Founding
- 08/1960
- Data as of
- 12/2022
- EIN
- 38-6099894
Organization Overview
Lenawee County Association Of Realtors is located in Adrian, MI. The organization was established in 1960. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Lenawee County Association Of Realtors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lenawee County Association 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 12/2022, Lenawee County Association Of Realtors generated $319.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $349.5k during the year ending 12/2022. While expenses have increased by 2.3% 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 AND EDUCATE REALTOR ACTIVITIES INCLUDING EDUCATIONAL SERVICES, COMMUNITY SERVICES AND OPERATION OF A MULTIPLE LISTING SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIPLE LISTING SERVICE
REALTOR SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kasey White President Elect | Trustee | 2 | $0 |
Shelley Hunt Director | Trustee | 2 | $0 |
Mark Baker Director | Trustee | 2 | $0 |
Ed Montalvo Director | Trustee | 2 | $0 |
Jeryl Vallie Director | Trustee | 2 | $0 |
Amber Warner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $93,984 |
| Fundraising events | $19,850 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,434 |
| Total Program Service Revenue | $203,411 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,100 |
| 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 | $109,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,263 |
| Payroll taxes | $9,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $416 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,644 |
| Advertising and promotion | $0 |
| Office expenses | $3,289 |
| Information technology | $533 |
| Royalties | $0 |
| Occupancy | $17,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,158 |
| Interest | $1,326 |
| Payments to affiliates | $32,630 |
| Depreciation, depletion, and amortization | $8,778 |
| Insurance | $0 |
| All other expenses | $3,988 |
| Total functional expenses | $349,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,637 |
| 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 | $0 |
| Net Land, buildings, and equipment | $137,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $168,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $69,325 |
| 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 | $23,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $92,542 |
| Net assets without donor restrictions | $76,264 |
| 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 | $168,806 |
Grants Awarded
Over the last fiscal year, Lenawee County Association Of Realtors has awarded $10,385 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY OF LENAWEE PURPOSE: support operations | $5,243 |
LENAWEE COMMUNITY FOUNDATION PURPOSE: scholarship | $5,142 |