Reno-Sparks Association Of Realtors Inc
- Assets
- $4.8m
- Revenue
- $1.8m
- Investments
- $1.2m
- Employees
- 10
- Location
- Reno, NV
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 88-6004347
Organization Overview
Reno-Sparks Association Of Realtors Inc is located in Reno, NV. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Reno-Sparks Association Of Realtors Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno-Sparks Association 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, Reno-Sparks Association Of Realtors Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 4.3% 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 PROVIDE UNITED MEDIUM TO THOSE ENGAGED IN THE REAL ESTATE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS BY PROMOTING AND MAINTAINING HIGH STANDARDS OF CONDUCT, PROVIDING A UNIFIED MEDIUM FOR REAL ESTATE OWNERS, AND TO FURTHER THE INTERESTS OF HOME AND OTHER REAL PROPERTY OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Labrie Chief Executive Officer/se | Officer | 40 | $143,657 |
Gary Macdonald President | Officer | 10 | $0 |
Erika Lamb Immediate Past President | Officer | 10 | $0 |
Sara Sharkey Treasurer | Officer | 10 | $0 |
Sarah Scattini President Elect | Officer | 10 | $0 |
Joe Reisenauer Fernley Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,298,126 |
| 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 | $1,298,126 |
| Total Program Service Revenue | $105,023 |
| Investment income | $45,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,850 |
| Net Gain/Loss on Asset Sales | $21,260 |
| Net Income from Fundraising Events | -$3,406 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,801,064 |
| 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. | $143,657 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $473,572 |
| Pension plan accruals and contributions | $24,571 |
| Other employee benefits | $71,887 |
| Payroll taxes | $52,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,768 |
| Fees for services: Accounting | $11,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,000 |
| Office expenses | $5,261 |
| Information technology | $26,839 |
| Royalties | $0 |
| Occupancy | $48,287 |
| Travel | $21,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,449 |
| Insurance | $13,571 |
| All other expenses | $158,120 |
| Total functional expenses | $1,503,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,411 |
| Savings and temporary cash investments | $1,005,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,759 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,375 |
| Prepaid expenses and deferred charges | $25,553 |
| Net Land, buildings, and equipment | $1,382,602 |
| Investments—publicly traded securities | $12,947 |
| Investments—other securities | $1,194,523 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,064,923 |
| Total assets | $4,774,762 |
| Accounts payable and accrued expenses | $65,583 |
| Grants payable | $0 |
| Deferred revenue | $802,564 |
| 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 | $279,313 |
| Total liabilities | $1,147,460 |
| Net assets without donor restrictions | $3,627,302 |
| 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 | $4,774,762 |
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