Honolulu Board Of Realtors
- Assets
- $11.6m
- Revenue
- $2.9m
- Investments
- $306.2k
- Employees
- 31
- Location
- Honolulu, HI
- Founding
- 11/1975
- Data as of
- 12/2021
- EIN
- 99-0108344
Organization Overview
Honolulu Board Of Realtors is located in Honolulu, HI. The organization was established in 1975. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Honolulu Board Of Realtors employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Honolulu 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, Honolulu Board Of Realtors generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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 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 INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL PROGRAMS - TO IMPROVE THE PROFESSIONAL IMAGE OF REALTORS; TO BE THE CENTRAL SOURCE OF INFORMATION AFFECTING THE REAL ESTATE INDUSTRY AND TO BE AN EFFECTIVE VOICE FOR RELEVANT ISSUES AND PRIVATE PROPERTY RIGHTS. EDUCATIONAL COURSES - TO TEACH REALTORS TO PERFORM MORE EFFECTIVELY AND WITH GREATER PROFESSIONALISM. OTHER MISCELLANEOUS PROGRAMS - TO PROVIDE SERVICES TO MEMBERS AND TO BE AN EFFECTIVE AND EFFICIENTLY MANAGED ORGANIZATION RESPONSIVE TO MEMBER NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Young Chief Exec O | Officer | 40 | $89,307 |
Nathan Alcotas Chief Financ | Officer | 40 | $56,520 |
Sharon Baba Chief Operat | Officer | 40 | $55,141 |
Chad Takesue President-El | OfficerTrustee | 2 | $0 |
Tricia Nekota Immediate Pa | OfficerTrustee | 2 | $0 |
Erin Cooper Secretary | OfficerTrustee | 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 | $2,557,714 |
| Investment income | $22,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $191,595 |
| Net Gain/Loss on Asset Sales | $58,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $687 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,858,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,755 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $141,940 |
| Compensation of current officers, directors, key employees. | $229,631 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,016,335 |
| Pension plan accruals and contributions | $58,133 |
| Other employee benefits | $104,568 |
| Payroll taxes | $104,940 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,641 |
| Fees for services: Accounting | $16,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,049 |
| Fees for services: Other | $248,656 |
| Advertising and promotion | $78,764 |
| Office expenses | $132,394 |
| Information technology | $70,434 |
| Royalties | $0 |
| Occupancy | $187,905 |
| Travel | $29,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,430 |
| Interest | $742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,119 |
| Insurance | $13,794 |
| All other expenses | $5,850 |
| Total functional expenses | $2,809,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,588,747 |
| Savings and temporary cash investments | $1,236,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,635 |
| Prepaid expenses and deferred charges | $76,586 |
| Net Land, buildings, and equipment | $3,902,881 |
| Investments—publicly traded securities | $3,071,394 |
| Investments—other securities | $306,186 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $197,369 |
| Total assets | $11,621,993 |
| Accounts payable and accrued expenses | $391,327 |
| Grants payable | $0 |
| Deferred revenue | $1,967,015 |
| 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 | $266,827 |
| Total liabilities | $2,625,169 |
| Net assets without donor restrictions | $8,932,123 |
| Net assets with donor restrictions | $64,701 |
| 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 | $11,621,993 |
Grants Awarded
Over the last fiscal year, Honolulu Board Of Realtors has awarded $66,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: SEE PART IV | $40,000 |
Honolulu, HI PURPOSE: SEE PART IV | $26,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Honolulu Board Of Realtors has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Locations Foundation Honolulu, HI PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $64,701 |
| Ending Balance | $64,701 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |
Los Angeles Area Chamber Of Commerce Los Angeles, CA | $7,562,162 | $6,083,780 |
Sacramento Convention And Visitors Bureau Sacramento, CA | $12,491,564 | $12,454,571 |
Engineering & Utility Contractors Association San Ramon, CA | $6,057,921 | $5,434,926 |
Better Business Bureau Inc San Leandro, CA | $5,371,959 | $5,607,401 |
San Diego Regional Chamber Of Commerce San Diego, CA | $5,451,651 | $4,524,827 |
Economic Development Corporation- San Diego County San Diego, CA | $2,842,251 | $3,922,544 |
Sacramento Metropolitan Chamber Of Commerce Sacramento, CA | $1,113,691 | $3,341,214 |