Weatherford Board Of Realtors
- Assets
- $728.0k
- Revenue
- $624.3k
- Investments
- $1.1k
- Employees
- 3
- Location
- Weatherford, TX
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 75-1685190
Organization Overview
Weatherford Board Of Realtors is located in Weatherford, TX. The organization was established in 1987. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Weatherford Board Of Realtors employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weatherford 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 12/2021, Weatherford Board Of Realtors generated $624.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $510.1k during the year ending 12/2021. While expenses have increased by 2.2% 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
TO PROMOTE LOCAL REAL ESTATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE LOCAL REAL ESTATE; TO ACCUMULATE AND DISBURSE INFORMATION ON PROPERTIES FOR SALE THRU MULTIPLE LISTING SERVICE. PROVIDE NEWSLETTER AND EDUCATIONAL PROGRAMS, SEMINARS, PUBLICATION: TO DISSEMINATE INFORMATION TO MEMBERS AND PROVIDE ONGOING TRAINING. THERE ARE ARTICLES INCLUDED PROMOTING THE USE OF REALTORS,STAGING A HOME FOR SALE, MAKING A HOME MORE MARKETABLE, REASONS TO OWN A HOME, TIPS FOR BUYING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Evans President | OfficerTrustee | 5 | $0 |
Janet Chism Past Preside | OfficerTrustee | 2 | $0 |
Karen Mitchell Sec/treas | OfficerTrustee | 3 | $0 |
Ronny Doran President-El | OfficerTrustee | 5 | $0 |
Carol Lea Director | Trustee | 2 | $0 |
Terri Stokes Director | Trustee | 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 | $569,794 |
| Investment income | $8,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,239 |
| Net Income from Fundraising Events | $9,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $624,341 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,732 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,792 |
| Payroll taxes | $12,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,132 |
| Office expenses | $5,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,758 |
| Travel | $1,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,424 |
| Insurance | $604 |
| All other expenses | $36,289 |
| Total functional expenses | $510,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,206 |
| Savings and temporary cash investments | $0 |
| 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 | $3,614 |
| Net Land, buildings, and equipment | $5,419 |
| Investments—publicly traded securities | $247,009 |
| Investments—other securities | $1,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,650 |
| Total assets | $728,023 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $134,264 |
| 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 | $9,267 |
| Total liabilities | $143,531 |
| 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 | $584,492 |
| Total liabilities and net assets/fund balances | $728,023 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Petroleum Geologists Foundation Tulsa, OK | $53,009,390 | $2,910,036 |
American Society For Photogrammetry And Remote Sensing Baton Rouge, LA | $689,794 | $723,422 |
Weatherford Board Of Realtors Weatherford, TX | $728,023 | $624,341 |
Texas Energy Poverty Research Institute Austin, TX | $430,142 | $640,759 |
Geophysical Society Of Houston Houston, TX | $559,607 | $339,555 |
National Weather Association Norman, OK | $439,471 | $402,622 |
Scientific Investigation & Instruction Institute Austin, TX | $33,035 | $151,334 |
National Tornado Foundation Edmond, OK | $0 | $0 |
Northrop Rice Foundation Houston, TX | $21,221 | $0 |
International Union United Auto Aerospace & Agricultural Workers Hurst, TX | $72,306 | $0 |
Professional Aviation Board Of Certification Houston, TX | $128,138 | $0 |
Ttara Research Foundation Austin, TX | $239,532 | $0 |