Venice Area Board Of Realtors Inc
- Assets
- $1.9m
- Revenue
- $789.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Venice, FL
- Founding
- Data as of
- 12/2021
- EIN
- 59-6152556
Organization Overview
Venice Area Board Of Realtors Inc is located in Venice, FL. As of 12/2021, Venice Area Board Of Realtors Inc employed 4 individuals. Venice Area Board Of Realtors Inc 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 12/2021, Venice Area Board Of Realtors Inc generated $789.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $633.7k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VENICE AREA BOARD OF REALTORS, INC. IS TO SERVE ITS MEMBERS IN IDENTIFYING NEEDS; DEVELOPING, PROMOTING AND PROVIDING PROGRAMS AND SERVICES TO ENHANCE THE MEMBERS' FREEDOM AND ABILITY TO CONDUCT THEIR INDIVIDUAL BUSINESSES SUCCESSFULLY, WITH INTEGRITY AND COMPETENCY, AND THROUGH COLLECTIVE ACTION; AND TO PROMOTE THE EXTENSION AND PRESERVATION OF THE RIGHTS TO OWN, TRANSFER AND USE REAL PROPERTY. SOME SPECIFIC OBJECTIVES INCLUDE: 1) TO PROVIDE MEMBERS WITH PROGRAMS AND SERVICES WHICH WILL HELP THEIR BUSINESSES PROSPER, 2) TO PROMOTE THE AFFORDABILITY AND AVAILABILITY OF HOUSING, 3) TO IMPROVE THE PUBLIC'S AWARENESS OF AND CONFIDENCE IN THE MEMBERS AND THE BENEFITS PROVIDED BY THEIR SERVICES, AND 4) TO EDUCATE MEMBERS REGARDING RISK MANAGEMENT AND LEGAL LIABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN THE DEVELOPMENT OF THE MEMBERS AND THEIR BUSINESSES, THE VENICE AREA BOARD OF REALTORS PROVIDES ACCESS TO VARIOUS TECHNOLOGICAL SERVICES FOR MEMBERS TO BE USED IN THE PROMOTION OF THEIR REAL ESTATE ACTIVITIES. OVER 700 MEMBERS HAVE SEARCH ACCESS OF OVER 80 FLORIDA ASSOCIATIONS THROUGH VABR. PROGRAMS ARE PROVIDED WHERE MEMBERS CAN LEARN FROM INDUSTRY EXPERTS THROUGH EDUCATION COURSES PERTAINING TO KEY REAL ESTATE AND BUSINESS TOPICS. MEMBERS FULFILL EDUCATIONAL REQUIREMENTS RELATED TO THEIR PROFESSION THROUGHOUT THE YEAR AND MANY ATTEND A 14 HOUR COURSE PROVIDED BY VABR TWICE DURING THE YEAR. NEW MEMBERS RECEIVE A MONTHLY NEW MEMBER ORIENTATION FROM VABR CERTIFIED INSTRUCTORS.
VABR PROVIDES AN ELECTRONIC KEY SYSTEM WITH ACCESS AVAILABLE TO MEMBERS. THE SYSTEM PROVIDES SECURITY TO LISTED PROPERTY OWNERS AND THE MEMBERS EXPERIENCE CONVENIENT ACCESS TO PROPERTIES AND EFFICIENT TRACKING AND REPORTING OF LISTED PROPERTY ACTIVITY.
VABR PROVIDED FOR $28,000 IN SCHOLARSHIPS TO VENICE AREA COLLEGE BOUND STUDENTS DURING 2021. TO BE ELIGIBLE, STUDENTS MUST MAINTAIN A MINIMUM GRADE POINT AVERAGE, SUBMIT LETTERS OF REFERENCE, EXHIBIT LEADERSHIP QUALITIES, GOALS, AND COMMUNITY INVOLVEMENT. 20 STUDENTS RECEIVED SCHOLARSHIPS TOWARDS THEIR POST-SECONDARY EDUCATION IN THE AMOUNT OF $1,000-$1,500 PER STUDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Merkle Executive VP | 40 | $179,592 | |
Helen Moore Treasurer | OfficerTrustee | 2 | $0 |
Jo-Anne Sckowska President Elect | OfficerTrustee | 2 | $0 |
Bebe Teichman President | OfficerTrustee | 2 | $0 |
Jim Mulvey Vice President | OfficerTrustee | 2 | $0 |
Don Zenner Past President | OfficerTrustee | 2 | $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 | $742,311 |
| Investment income | $7,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $789,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,032 |
| Grants and other assistance to domestic individuals. | $28,000 |
| 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 | $311,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,588 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,480 |
| Office expenses | $19,932 |
| Information technology | $13,013 |
| Royalties | $0 |
| Occupancy | $62,737 |
| Travel | $21,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,381 |
| Interest | $3,766 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,193 |
| Insurance | $15,946 |
| All other expenses | $975 |
| Total functional expenses | $633,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,652 |
| Savings and temporary cash investments | $718,256 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,230 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,058,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,893,720 |
| Accounts payable and accrued expenses | $8,239 |
| 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 | $53,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,924 |
| Total liabilities | $235,602 |
| 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 | $1,658,118 |
| Total liabilities and net assets/fund balances | $1,893,720 |
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