Louisiana Realtors
- Assets
- $10.1m
- Revenue
- $3.1m
- Investments
- $2.4m
- Employees
- 8
- Location
- Baton Rouge, LA
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 72-0509629
Organization Overview
Louisiana Realtors is located in Baton Rouge, LA. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Louisiana Realtors employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana 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 12/2021, Louisiana Realtors generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOUISIANA REALTORS IS A MEMBER BASED TRADE ASSOCIATION ESTABLISHED TO ASSIST ITS MEMBERS IN THE BUSINESS OF REAL ESTATE AND TO PROVIDE OPTIMUM MEMBER RESOURCES WHILE SERVING AS AN ADVOCATE FOR REALTORS AND CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND MEETINGS- LOUISIANA REALTORS HOST FOUR MEETINGS EACH YEAR TO PROVIDE NETWORKING OPPORTUNITIES ALONG WITH PROFESSIONAL DEVELOPMENT AND CONTINUING EDUCATION OFFERINGS. THE MEETINGS SERVE AS A PLATFORM ENSURING MEMBERS RECIEVE THE LATEST INFORMATION ON ISSUES AFFECTING THE REAL ESTATE INDUSTRY. GOVERNANCE MEETINGS ARE HELD IN CONJUNCTION WITH MEETINGS ALONG WITH THE ANNUAL INSTALLATION OF OFFICERS.
ADVOCACY- LOUISIANA REALTORS MONITOR, RECOMMEND, AND SUPPORT OR OPPOSE STATE LEGISLATION AND REGULATORY POLICIES THAT AFFECT THE REAL ESTATE INDUSTRY IN LOUISIANA.
LEGAL, LEGISLATIVE, AND RISK MANAGEMENT- LOUISIANA REALTORS PROVIDE RESOURCES TO ITS MEMBERS THROUGH ACCESS TO A LEGAL HOTLINE SERVICE WITH DIRECT ACCESS TO THE ASSOCIATION'S LEGAL COUNSEL WHO CAN PROVIDE INFORMATION ON A VARIETY OF REAL ESTATE RELATED TOPICS. ADDITIONALLY, LOCAL BOARDS IN THE STATE HAVE ACCESS TO LEGAL COUNSEL TO ASSIST IN DEALING WITH ISSUES INCLUDING GOVERNANCE AND EMPLOYMENT MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Morris CEO | Officer | 50 | $255,541 |
Chelsea Meng Local Board President | OfficerTrustee | 1 | $0 |
Cindy Callais Local Board President Desi | OfficerTrustee | 1 | $0 |
Casey French Local Board President-Elec | OfficerTrustee | 1 | $0 |
Chris Brock Local Board Director | OfficerTrustee | 1 | $0 |
Jim Keaty Local Board President | OfficerTrustee | 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 | $2,740,894 |
| Investment income | $54,716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $266,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,076,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,000 |
| 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. | $255,541 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $480,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $128,992 |
| Payroll taxes | $53,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194,446 |
| Fees for services: Accounting | $25,416 |
| Fees for services: Lobbying | $81,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,704 |
| Fees for services: Other | $0 |
| Advertising and promotion | $102,989 |
| Office expenses | $94,766 |
| Information technology | $48,993 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $126,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $149,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,193 |
| Insurance | $36,620 |
| All other expenses | $50,552 |
| Total functional expenses | $2,603,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,946,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,807 |
| 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 | $99,014 |
| Net Land, buildings, and equipment | $2,934,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,406,665 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $714,198 |
| Total assets | $10,116,722 |
| Accounts payable and accrued expenses | $70,972 |
| Grants payable | $0 |
| Deferred revenue | $2,139,185 |
| 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 | $88,867 |
| Total liabilities | $2,299,024 |
| Net assets without donor restrictions | $7,817,698 |
| 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 | $10,116,722 |
Grants Awarded
Over the last fiscal year, Louisiana Realtors has awarded $400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: TO PROVIDE ASSISTANCE TO VICTIMS AFFECTED BY NATURAL DISASTERS | $200,000 |
Chicago, IL PURPOSE: TO PROVIDE ASSISTANCE TO VICTIMS AFFECTED BY NATURAL DISASTERS | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
Community Development Foundation Tupelo, MS | $26,378,062 | $9,486,414 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Better Business Bureau Of Metropolitan Houston Inc Houston, TX | $4,729,521 | $4,975,179 |