Abilene Board Of Realtors Inc
- Assets
- $1.1m
- Revenue
- $806.3k
- Investments
- $9.3k
- Employees
- 4
- Location
- Abilene, TX
- Founding
- 01/1953
- Data as of
- 12/2021
- EIN
- 75-1101972
Organization Overview
Abilene Board Of Realtors Inc is located in Abilene, TX. The organization was established in 1953. 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 12/2021, Abilene Board Of Realtors Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abilene 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, Abilene Board Of Realtors Inc generated $806.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $765.7k during the year ending 12/2021. While expenses have increased by 6.6% 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
ABILENE ASSOCIATION OF REALTORS IS A BUSINESS ASSOCIATION ORGANIZED AND OPERATED TO PROMOTE THE COMMON BUSINESS INTERESTS OF REALTORS IN THE ABILENE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE PROFESSIONAL STANDARDS - ETHICS, COMPLIANCE, ENFORCEMENTS
PROVIDE REALTOR EDUCATION CLASSES
CONDUCT COMMUNITY SERVICE AND PUBLIC AWARENESS ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hogan Association Executive | Officer | 40 | $75,000 |
Hayley Underwood Membership Vice President | OfficerTrustee | 1 | $0 |
Cristy Vines Wcr Chapter President | OfficerTrustee | 1 | $0 |
Becky Gonzales Mls Chairman | OfficerTrustee | 1 | $0 |
Jay Sloan President-Elect | OfficerTrustee | 1 | $0 |
Robbie Johnson Program Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $372,852 |
| 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 | $372,852 |
| Total Program Service Revenue | $227,691 |
| Investment income | $10,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| 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 | $806,274 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,973 |
| Payroll taxes | $12,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298 |
| Advertising and promotion | $1,090 |
| Office expenses | $14,162 |
| Information technology | $153,659 |
| Royalties | $0 |
| Occupancy | $27,017 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,108 |
| Insurance | $5,811 |
| All other expenses | $61,427 |
| Total functional expenses | $765,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,613 |
| Savings and temporary cash investments | $333,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,900 |
| 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 | $6,833 |
| Net Land, buildings, and equipment | $124,694 |
| Investments—publicly traded securities | $474,175 |
| Investments—other securities | $9,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,160 |
| Total assets | $1,080,169 |
| Accounts payable and accrued expenses | $56,708 |
| Grants payable | $0 |
| Deferred revenue | $11,700 |
| 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 | $3,160 |
| Total liabilities | $71,568 |
| Net assets without donor restrictions | $1,008,601 |
| 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 | $1,080,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hatcher At Scyene Title Holding Company Dallas, TX | $71,672 | $12,767,450 |
Ebr Medical Facilities Inc New Orleans, LA | $60,955,683 | $6,389,401 |
L&b Depp Inc Dallas, TX | $29,133,648 | -$258,980 |
Austin Board Of Realtors Austin, TX | $23,987,418 | $7,307,676 |
Ocf Medical Facilities Inc New Orleans, LA | $46,999,065 | $6,205,815 |
Herzstein Investments Inc Houston, TX | $72,075,670 | $3,886,647 |
Metrotex Association Of Realtors Inc Grapevine, TX | $35,512,350 | $5,907,473 |
Erf Real Estate Inc Corpus Christi, TX | $22,832,259 | $2,950,067 |
Rosedale Office Building Inc Fort Worth, TX | $32,377,565 | $10,485,667 |
Tac East Holdings Company No 1 New Boston, TX | $4,113,003 | $2,099,056 |
Jtvp Corporation Houston, TX | $44,960,322 | $2,264,005 |
Nochi Real Estate Inc New Orleans, LA | $19,922,264 | $1,302,004 |