Naiop Raleigh Durham Chapter
- Assets
- $398.4k
- Revenue
- $325.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2022
- EIN
- 56-1497695
Organization Overview
Naiop Raleigh Durham Chapter is located in Raleigh, NC. Naiop Raleigh Durham Chapter 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, Naiop Raleigh Durham Chapter generated $325.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $339.7k during the year ending 12/2022. While expenses have increased by 14.3% 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
THE ORGANIZATION PROVIDES NETWORKING OPPORTUNITES, EDUCATIONAL PROGRAMS, AND LEGISLATIVE REPRESENTATION ON A LOCAL AND NATIONAL LEVEL FOR THE COMMERCIAL REAL ESTATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SPONSORED A STATEWIDE CONFERENCE TO FACILITATE CONTINUING EDUCATION IN THE REAL ESTATE INDUSTRY AND TO FACILITATE THE EXCHANGE OF BUSINESS IDEAS.
THE ORGANIZATION COORDINATED A BUS TOUR OF THE RALEIGH-DURHAM AREA HIGHLIGHTING COMMERCIAL REAL ESTATE DEVELOPMENT ACTIVITY FOR MEMBERS.
THE ORGANIZATION PROVIDES CHAPTER EVENTS WITH PROGRAMS TO FACILITATE CONTINUING EDUCATION IN THE FIELD OF COMMERCIAL REAL ESTATE AND TO FOSTER THE EXCHANGE OF BUSINESS IDEAS.THE ORGANIZATION PROVIDES LEADERSHIP TRAINING BY MEANS OF A COPORATE DEVELOPMENT CONFERENCES TO ENHANCE THE SKILLS OF ITS LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Wallace President Elect | Trustee | 1 | $0 |
Hunter Burnette Past President | Trustee | 1 | $0 |
Brian Didano Past President | Trustee | 1 | $0 |
Valerie Eiknas Past President | Trustee | 1 | $0 |
Mike Ferguson Past President | Trustee | 1 | $0 |
Tom Frisch Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,474 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,974 |
| Total Program Service Revenue | $165,837 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,119 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,240 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $78,904 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $184 |
| Office expenses | $4,418 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,975 |
| Interest | $0 |
| Payments to affiliates | $30,023 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,600 |
| All other expenses | $0 |
| Total functional expenses | $339,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,065 |
| Savings and temporary cash investments | $153,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $398,352 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $398,352 |
| Total liabilities and net assets/fund balances | $398,352 |
Grants Awarded
Over the last fiscal year, Naiop Raleigh Durham Chapter has awarded $39,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP ENDOWMENT | $25,000 |
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION PURPOSE: School of Business Real estate program | $14,000 |