Arlington Board Of Realtors
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $1.1m
- Employees
- 13
- Location
- Arlington, TX
- Founding
- 07/1962
- Data as of
- 12/2022
- EIN
- 75-1236558
Organization Overview
Arlington Board Of Realtors is located in Arlington, TX. The organization was established in 1962. 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 12/2022, Arlington Board Of Realtors employed 13 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Arlington 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 12/2022, Arlington Board Of Realtors generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 6.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE REAL ESTATE INFORMATION AND SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROKER ORIENTATION - BOARD PROVIDES MEMBER AGENTS WITH INFORMATION NEEDED BY THEM FOR THEIR EMPLOYEES SUCH AS THE NAR AND TAR BYLAWS.NEW MEMBER ORIENTATION - APPLICANTS TO THE BOARD MUST ATTEND ONE ORIENTATION WORKSHOP BEFORE BEING ACCEPTED FOR MEMBERSHIP BY THE BOARD.
PROFESSIONAL STANDARDS - BOARD HOLDS MONTHLY WORKSHOPS WHICH MUST BE ATTENDED AT LEAST ONCE DURING THE YEAR BY EACH MEMBER. BOARD HANDLES COMPLAINTS MADE BY THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alberto Vazquez Director | Trustee | 1 | $0 |
Leanne Nelson Director | Trustee | 1 | $0 |
Nina Henderson Director | Trustee | 1 | $0 |
Christopher Beary Director | Trustee | 1 | $0 |
Christopher Craig Sr Director | Trustee | 1 | $0 |
Corey Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $620,365 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,725 |
| 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 | $627,090 |
| Total Program Service Revenue | $60,451 |
| Investment income | $22,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,126 |
| Net Rental Income | $21,686 |
| Net Gain/Loss on Asset Sales | -$4,671 |
| Net Income from Fundraising Events | -$7,294 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,210,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,900 |
| 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. | $173,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,209 |
| Pension plan accruals and contributions | $25,650 |
| Other employee benefits | $172,547 |
| Payroll taxes | $57,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,158 |
| Fees for services: Accounting | $61,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,357 |
| Office expenses | $31,059 |
| Information technology | $76,173 |
| Royalties | $0 |
| Occupancy | $274,617 |
| Travel | $62,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,274 |
| Insurance | $24,300 |
| All other expenses | -$118,875 |
| Total functional expenses | $1,328,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,981 |
| Savings and temporary cash investments | $1,206 |
| 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 | $81,424 |
| Net Land, buildings, and equipment | $2,077,126 |
| Investments—publicly traded securities | $1,457,545 |
| Investments—other securities | $1,061,775 |
| Investments—program-related | $0 |
| Intangible assets | $2,807 |
| Other assets | $200,000 |
| Total assets | $5,134,864 |
| Accounts payable and accrued expenses | $204,882 |
| Grants payable | $0 |
| Deferred revenue | $423,014 |
| 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 | $183,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $538,137 |
| Total liabilities | $1,349,198 |
| 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 | $3,785,666 |
| Total liabilities and net assets/fund balances | $5,134,864 |