Weatherford Board Of Realtors
- Assets
- $782.5k
- Revenue
- $583.3k
- Investments
- $1.1k
- Employees
- 3
- Location
- Weatherford, TX
- Founding
- 07/1987
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Weatherford Board Of Realtors generated $583.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $608.3k during the year ending 12/2022. While expenses have increased by 4.2% 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
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 |
|---|---|---|---|
Ronny Doran President | OfficerTrustee | 5 | $0 |
Karen Mitchell President-El | OfficerTrustee | 5 | $0 |
Lisa Elkins Sec/treas | OfficerTrustee | 3 | $0 |
Kathy Evans Past Preside | OfficerTrustee | 2 | $0 |
Roxie Davidson 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 | $576,394 |
| Investment income | $6,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,357 |
| Net Income from Fundraising Events | $13,885 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $583,286 |
| 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 | $190,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,913 |
| Payroll taxes | $13,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $944 |
| Office expenses | $7,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,996 |
| Travel | $14,984 |
| 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 | $1,984 |
| Insurance | $715 |
| All other expenses | $62,262 |
| Total functional expenses | $608,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,746 |
| 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 | $3,435 |
| Investments—publicly traded securities | $207,721 |
| Investments—other securities | $1,125 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,856 |
| Total assets | $782,497 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $116,057 |
| 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 | $123,933 |
| Total liabilities | $239,990 |
| 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 | $542,507 |
| Total liabilities and net assets/fund balances | $782,497 |