Lake Region Association Of Realtors
- Assets
- $68.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Perham, MN
- Founding
- 01/1998
- Data as of
- 09/2023
- EIN
- 41-1466175
Organization Overview
Lake Region Association Of Realtors is located in Perham, MN. The organization was established in 1998. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Region 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 09/2023, Lake Region Association Of Realtors generated $74.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (56.8%) each year. All expenses for the organization totaled $2.1k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROMOTED AND MAINTAINED A CODE OF ETHICS AMONG REAL ESTATE PROFESSIONALS AND EDUCATED THE PUBLIC AND THE PROFESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Hedstrom President | 0 | $0 | |
Linda Stoll Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $74 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $700 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,428 |
| Total expenses | $2,128 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,834 |
| Other assets | $0 |
| Total assets | $68,834 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,834 |