Omaha Area Board Of Realtors
- Assets
- $2.6m
- Revenue
- $1.3m
- Investments
- $5.5k
- Employees
- 15
- Location
- Omaha, NE
- Founding
- 03/1970
- Data as of
- 08/2023
- EIN
- 47-0259650
Organization Overview
Omaha Area Board Of Realtors is located in Omaha, NE. The organization was established in 1970. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Omaha Area Board Of Realtors employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Area 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 08/2023, Omaha Area Board Of Realtors generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.5m during the year ending 08/2023. While expenses have increased by 2.8% 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
THE ORGANIZATION SERVES AS THE BOARD OF DIRECTORS FOR REALTORS IN THE OMAHA, NEBRASKA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES COMMUNICATION TO MEMBERS, EDUCATION, FOCUS, MEMBER SERVICES, SPECIAL EVENTS, AND UNALLOCTED COMMITTEE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crystal Archer President | OfficerTrustee | 1 | $0 |
Denise Poppen President-El | OfficerTrustee | 1 | $0 |
Jessica Sawyer Secretary/tr | OfficerTrustee | 1 | $0 |
Jill Anderson Director | Trustee | 1 | $0 |
Darla Bengtson Director | Trustee | 1 | $0 |
Megan Bengtson 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 | $1,235,499 |
| Investment income | $12,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,257,368 |
| 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. | $164,678 |
| Compensation of current officers, directors, key employees. | $164,678 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,626 |
| Payroll taxes | $31,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,825 |
| Fees for services: Accounting | $36,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,544 |
| Office expenses | $107,116 |
| Information technology | $106,870 |
| Royalties | $0 |
| Occupancy | $183,477 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,763 |
| Insurance | $14,842 |
| All other expenses | $66,447 |
| Total functional expenses | $1,463,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,013 |
| Savings and temporary cash investments | $1,754,200 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,251 |
| Prepaid expenses and deferred charges | $37,742 |
| Net Land, buildings, and equipment | $552,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,616,311 |
| Accounts payable and accrued expenses | $64,460 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,659,712 |
| Total liabilities | $1,724,172 |
| Net assets without donor restrictions | $892,139 |
| 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 | $2,616,311 |