Civic Intelligence

Highland Lakes Association of Realtors Inc

990 • Fiscal year 2019 • EIN 23-7247361

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 31, 2020

Organization ProfileWWW.HIGHLANDLAKESREALTORS.COM
4601 Innovation LoopMarble Falls, TX 78654

(830) 693-5787

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.05x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

80th percentile

14%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

44th percentile

3.8%

Faster asset growth than 44% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.8%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,762,335

Up $63,979 (+3.8%) from 2018

Net Assets

Up

$1,728,903

Up $75,264 (+4.6%) from 2018

Liabilities

Down

$33,432

Down $11,285 (-25%) from 2018

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin80th percentile

Revenue

Up

$706,194

Up $12,455 (+1.8%) from 2018

Expenses

Up

$604,897

Up $8,849 (+1.5%) from 2018

Net Income

Up

$101,297

Up $3,606 (+3.7%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $1,569,816Liabilities 2013: $89,029Net Assets 2013: $1,480,7872013Assets 2014: $1,616,955Liabilities 2014: $70,857Net Assets 2014: $1,546,0982014Assets 2015: $1,577,383Liabilities 2015: $6,010Net Assets 2015: $1,571,3732015Assets 2016: $1,641,588Liabilities 2016: $35,955Net Assets 2016: $1,605,6332016Assets 2017: $1,711,396Liabilities 2017: $138,797Net Assets 2017: $1,572,5992017Assets 2018: $1,698,356Liabilities 2018: $44,717Net Assets 2018: $1,653,6392018Assets 2019: $1,762,335Liabilities 2019: $33,432Net Assets 2019: $1,728,9032019Assets 2020: $1,789,848Liabilities 2020: $17,752Net Assets 2020: $1,772,0962020Assets 2021: $1,928,045Liabilities 2021: $32,802Net Assets 2021: $1,895,2432021Assets 2022: $2,064,966Liabilities 2022: $43,212Net Assets 2022: $2,021,7542022Assets 2023: $2,009,517Liabilities 2023: $313,483Net Assets 2023: $1,696,0342023Assets 2024: $1,907,703Liabilities 2024: $239,142Net Assets 2024: $1,668,5612024

Highlighted filing

2019

Assets$1,762,335
Liabilities$33,432
Net Assets$1,728,903
Open 2019 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $385,508Expenses 2013: $319,526Net Income 2013: $65,9822013Revenue 2014: $392,431Expenses 2014: $323,593Net Income 2014: $68,8382014Revenue 2015: $440,727Expenses 2015: $403,956Net Income 2015: $36,7712015Revenue 2016: $465,529Expenses 2016: $427,454Net Income 2016: $38,0752016Revenue 2017: $510,076Expenses 2017: $543,110Net Income 2017: -$33,0342017Revenue 2018: $693,739Expenses 2018: $596,048Net Income 2018: $97,6912018Revenue 2019: $706,194Expenses 2019: $604,897Net Income 2019: $101,2972019Revenue 2020: $678,694Expenses 2020: $619,281Net Income 2020: $59,4132020Revenue 2021: $878,133Expenses 2021: $722,981Net Income 2021: $155,1522021Revenue 2022: $991,690Expenses 2022: $809,304Net Income 2022: $182,3862022Revenue 2023: $670,981Expenses 2023: $1,015,169Net Income 2023: -$344,1882023Revenue 2024: $494,886Expenses 2024: $625,269Net Income 2024: -$130,3832024

Highlighted filing

2019

Revenue$706,194
Expenses$604,897
Net Income$101,297
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 31, 2020
Return Version
2019v5.0
Gross Receipts
$706,194
Mission and Program Overview

Mission

Assisting realtors in locating clients and property.

Assist realtors in locating clients and property through use of multiple listing service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,431,228$1,506,492▲ $75,264
Land, Buildings, and Equipment, Net$702,668$677,456▼ $25,212
Savings and Temporary Cash Investments$734,609$633,399▼ $101,210
Cash and Non-Interest-Bearing Accounts$229,050$425,457▲ $196,407
Cap Stk Tr Prin Current Funds$222,411$222,411→ $0
Accounts Receivable$32,029$26,023▼ $6,006
Total Assets$1,698,356$1,762,335▲ $63,979
Liabilities
Other Liabilities$30,890$24,686▼ $6,204
Accounts Payable and Accrued Expenses$13,827$8,746▼ $5,081
Total Liabilities$44,717$33,432▼ $11,285
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,653,639$1,728,903▲ $75,264
Total Liabilities and Net Assets / Fund Balance$1,698,356$1,762,335▲ $63,979

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$636,139$221,590$857,729
Equipment$10,436$38,314$48,750
Other Land Buildings$740$39,349$40,089
Land$30,141-$30,141
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Betty WardPresident
Jeremy ReedDirector
Mark VirdellDirector
Nattlie HooverDirector
Peggy JonesDirector
Suzanne BrownDirector
Trey BerryDirector
Patricia GilleanTar Director
Ron PetrickEx-officio
Cathy RydenSecretary/tr
Nat BarfieldVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$130,303
Program Service Revenue
$556,714
Investment Income
$19,055
Other Revenue
$122
Change in Net Assets
$101,297

Audited Revenue Reconciliation

Revenue per Audited Statements
$706,194
Total Revenue per Audited Statements
$706,194
Total Revenue per Form 990
$706,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$355,141
Salaries, Compensation, and Employee Benefits$240,756
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$203,480
Office Expenses---$42,781
All Other Expenses---$31,586
Depreciation Depletion---$26,943
Other Employee Benefits---$19,885
Payroll Taxes---$17,391
Other Expenses---$14,498
Travel---$12,748
Fees for Services Accounting---$12,290
Occupancy---$11,783
Grants to Domestic Individuals---$9,000
Advertising---$7,551
Insurance---$6,156
Total Functional Expenses$0$0$0$604,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$604,985
Expenses per Audited Statements$604,897
Total Expenses per Form 990$604,897
Expenses Not Reported on Form 990$88
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$20,873
Federal Income Tax Payable$3,639
Payroll Taxes Payable$275
Texas Sales Tax Payable$-101
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Organized thru member ownership. All members pay dues to be benefits of the equity.”

Form 990, Page 6, Part VI, Line 7A

“Board members are elected by the membership.”

Form 990, Page 6, Part VI, Line 11B

“The board reviews the return if time allows, however, if it does not one or more of the officers review it and the remainder of the board reviews at it's next meeting.”

Form 990, Page 6, Part VI, Line 15A

“The board determines compensation based on abilities, performance (in the event of raises) and market comparison of compensation in the area.”

Form 990, Page 6, Part VI, Line 15B

“The board determines compensation based on abilities, performance (in the event of raises) and market comparison of compensation in the area.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Highland Lakes Association of
EIN
23-7247361
Phone
8306935787
Address
4601 INNOVATION LOOP, MARBLE FALLS, TX 78654

Signing Officer

Name
Betty Ward
Title
President
Phone
8306935787
Signed
2020-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betty Ward
Formed
1977
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
5

Preparer

Firm
Robnett Cpas
Address
704-A FIFTH STREET, MARBLE FALLS, TX 78654
Preparer
Burl Harper CPA Mbf
Phone
8306937495
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding diff in system depr 1 federal income tax 2019 990t -25,947 fit penalty 2019 990t -87 total -26,033”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Rounding diff depreciation expense 1 990-t es payment penalties 87”

Raw XML Appendix371 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040089
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt020873
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13639
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3-101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FEDERAL INCOME TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAXES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TEXAS SALES TAX PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0706194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ROUNDING DIFF DEPRECIATION EXPENSE 1 990-T ES PAYMENT PENALTIES 87
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0677456
IRS990ScheduleD/TotalExpensesPerForm990Amt0604897
IRS990ScheduleD/TotalLiabilityAmt024686
IRS990ScheduleD/TotalRevenuePerForm990Amt0706194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0706194
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0604985
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt09
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZED THRU MEMBER OWNERSHIP. ALL MEMBERS PAY DUES TO BE BENEFITS OF THE EQUITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE RETURN IF TIME ALLOWS, HOWEVER, IF IT DOES NOT ONE OR MORE OF THE OFFICERS REVIEW IT AND THE REMAINDER OF THE BOARD REVIEWS AT IT'S NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINES COMPENSATION BASED ON ABILITIES, PERFORMANCE (IN THE EVENT OF RAISES) AND MARKET COMPARISON OF COMPENSATION IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD DETERMINES COMPENSATION BASED ON ABILITIES, PERFORMANCE (IN THE EVENT OF RAISES) AND MARKET COMPARISON OF COMPENSATION IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING DIFF IN SYSTEM DEPR 1 FEDERAL INCOME TAX 2019 990T -25,947 FIT PENALTY 2019 990T -87 TOTAL -26,033
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01698356
IRS990/TotalAssetsEOYAmt01762335
IRS990/TotalAssetsGrp/BOYAmt01698356
IRS990/TotalAssetsGrp/EOYAmt01762335
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0130303
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0604897
IRS990/TotalGrossUBIAmt0538490
IRS990/TotalLiabilitiesBOYAmt044717
IRS990/TotalLiabilitiesEOYAmt033432
IRS990/TotalLiabilitiesGrp/BOYAmt044717
IRS990/TotalLiabilitiesGrp/EOYAmt033432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01653639
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01728903
IRS990/TotalProgramServiceRevenueAmt0556714
IRS990/TotalRevenueGrp/ExclusionAmt019055
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018346
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0706194
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0538490
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01698356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01762335
IRS990/TravelGrp/TotalAmt012748
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.HIGHLANDLAKESREALTORS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETTY WARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08306935787
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIGHLAND LAKES ASSOCIATION OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0REALTORS INC
ReturnHeader/Filer/BusinessNameControlTxt0HIGH
ReturnHeader/Filer/EIN0237247361
ReturnHeader/Filer/PhoneNum08306935787
ReturnHeader/Filer/USAddress/AddressLine1Txt04601 INNOVATION LOOP
ReturnHeader/Filer/USAddress/CityNm0MARBLE FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078654
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0019BC17932DB30B4328545A087D3B3BBB122D925
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0019BC17932DB30B4328545A087D3B3BBB122D925
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.153.150.154
ReturnHeader/FilingSecurityInformation/IPDt02020-08-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:21:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263505818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBNETT CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0704-A FIFTH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARBLE FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078654
ReturnHeader/PreparerPersonGrp/PhoneNum08306937495
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BURL HARPER CPA MBF
ReturnHeader/ReturnTs02020-08-03T14:21:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,762,335
Liabilities
$33,432
Net assets
$1,728,903
Revenue
$706,194
Expenses
$604,897
Net income
$101,297
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.24$1.67$0.49$0.63$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.01$0.31$1.70$0.67$1.02$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.04$2.02$0.99$0.81$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.93$0.03$1.90$0.88$0.72$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.02$1.77$0.68$0.62$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.76$0.03$1.73$0.71$0.60$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.70$0.04$1.65$0.69$0.60$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.71$0.14$1.57$0.51$0.54$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.04$1.61$0.47$0.43$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.58$0.01$1.57$0.44$0.40$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.62$0.07$1.55$0.39$0.32$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.57$0.09$1.48$0.39$0.32$0.07