Palm Springs Regional Association Of Realtors
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Palm Springs, CA
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 95-1808416
Organization Overview
Palm Springs Regional Association Of Realtors, operating under the name Of Realtors, is located in Palm Springs, CA. The organization was established in 1989. 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, Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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, Of Realtors generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 3.0% 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 SUPPORT AND PROFESSIONAL ASSISTANCE TO MEMBERS (REAL ESTATE PROFESSIONALS); TO PROMOTE PROFESSIONALISM WITHIN THE INDUSTRY AND TO PROVIDE MEMEBERS WITH THE TOOLS TO BECOME PROFICIENT IN THE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND MAINTAIN HIGH STANDARDS IN THE REAL ESTATE PROFESSION.
PROMOTE AND MAINTAIN HIGH STANDARDS IN THE REAL ESTATE PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Larson Secretary/tr | OfficerTrustee | $0 | |
Jim Franklin President | OfficerTrustee | $0 | |
James Ronald Whitney Immediate Pa | OfficerTrustee | $0 | |
Frank Alvarez President-El | OfficerTrustee | $0 | |
David Brutus Director | Trustee | $0 | |
Steve Burrows Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,182,827 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,510 |
| 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 | $1,193,337 |
| Total Program Service Revenue | $63,148 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,257,983 |
| 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 | $323,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,519 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,134 |
| Office expenses | $449,083 |
| Information technology | $36,088 |
| Royalties | $0 |
| Occupancy | $51,760 |
| Travel | $4,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,178 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,088,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,147 |
| Prepaid expenses and deferred charges | $24,471 |
| Net Land, buildings, and equipment | $299,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,221,521 |
| Accounts payable and accrued expenses | $13,568 |
| Grants payable | $0 |
| Deferred revenue | $272,735 |
| 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 | $40,724 |
| Total liabilities | $327,027 |
| Net assets without donor restrictions | $894,494 |
| 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 | $1,221,521 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palm Springs Regional Association Of Realtors has recieved totaling $10,510.
| Awarding Organization | Amount |
|---|---|
California Association Of Realtors Inc Los Angeles, CA PURPOSE: ADVOCACY | $10,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
550 Corporate Center Investment Group Inc El Segundo, CA | $123,957,933 | $9,348,795 |
National Associaton Of Hispanic Real Estate Professionals San Diego, CA | $3,754,334 | $9,140,386 |
Greater Las Vegas Association Of Realtors Las Vegas, NV | $41,416,661 | $13,529,639 |
Pasadena Gateway Willas Corporation Pasadena, CA | $583,745,665 | $12,743,337 |
Tmt Tapestry Naperville Inc San Francisco, CA | $84,971,977 | $6,744,374 |
Tmt Park Bridge Inc San Francisco, CA | $97,828,411 | $6,399,295 |
1541 And 1545 Wilshire Seiu 721 Holdings Llc Los Angeles, CA | $47,586,913 | $3,458,952 |
Tmt Arbors At Fair Lakes Apartments Inc San Francisco, CA | $98,381,662 | $6,062,685 |
Tmt Pointe Plaza Inc San Francisco, CA | $52,280,975 | $4,024,011 |
Marshall Square Investment Groupinc El Segundo, CA | $178,044,342 | $8,052,426 |
Fmf Realty Corp Santa Monica, CA | $13,864,181 | $3,655,320 |
Tmt Queen Anne Square Inc San Francisco, CA | $55,215,259 | $4,453,993 |