Civic Intelligence

Raleigh Regional Association of Realtors Inc

990 • Fiscal year 2016 • EIN 56-0709311

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

111 Realtors WayCary, NC 27513

(919) 654-5400

Siviq Scores

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

Liabilities / Assets

55th percentile

0.28x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.52x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

64th percentile

7.2%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$200,337

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

65th percentile

7.1%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

15%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$8,521,628

Up $564,666 (+7.1%) from 2015

Net Assets

Up

$6,158,707

Up $327,603 (+5.6%) from 2015

Liabilities

Up

$2,362,921

Up $237,063 (+11%) from 2015

Revenue

Up

$4,538,767

Up $584,306 (+15%) from 2015

Expenses

Up

$4,211,164

Up $454,929 (+12%) from 2015

Net Income

Up

$327,603

Up $129,377 (+65%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $6,216,135Liabilities 2010: $1,116,843Net Assets 2010: $5,099,2922010Assets 2011: $6,541,450Liabilities 2011: $1,237,919Net Assets 2011: $5,303,5312011Assets 2012: $6,679,525Liabilities 2012: $1,261,510Net Assets 2012: $5,418,0152012Assets 2013: $6,666,844Liabilities 2013: $1,282,660Net Assets 2013: $5,384,1842013Assets 2014: $7,438,841Liabilities 2014: $1,805,963Net Assets 2014: $5,632,8782014Assets 2015: $7,956,962Liabilities 2015: $2,125,858Net Assets 2015: $5,831,1042015Assets 2016: $8,521,628Liabilities 2016: $2,362,921Net Assets 2016: $6,158,7072016Assets 2017: $8,969,486Liabilities 2017: $2,491,667Net Assets 2017: $6,477,8192017Assets 2018: $9,307,352Liabilities 2018: $2,674,305Net Assets 2018: $6,633,0472018Assets 2019: $9,883,779Liabilities 2019: $3,163,905Net Assets 2019: $6,719,8742019Assets 2020: $10,573,695Liabilities 2020: $3,488,041Net Assets 2020: $7,085,6542020Assets 2021: $11,211,879Liabilities 2021: $3,833,097Net Assets 2021: $7,378,7822021Assets 2022: $8,030,768Liabilities 2022: $1,220,531Net Assets 2022: $6,810,2372022Assets 2023: $11,274,429Liabilities 2023: $1,066,985Net Assets 2023: $10,207,4442023Assets 2024: $11,644,660Liabilities 2024: $1,401,780Net Assets 2024: $10,242,8802024

Highlighted filing

2016

Assets$8,521,628
Liabilities$2,362,921
Net Assets$6,158,707

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,166,971Expenses 2010: $2,955,812Net Income 2010: $211,1592010Revenue 2011: $2,837,370Expenses 2011: $2,633,131Net Income 2011: $204,2392011Revenue 2012: $2,982,607Expenses 2012: $2,868,123Net Income 2012: $114,4842012Revenue 2013: $3,103,631Expenses 2013: $3,137,462Net Income 2013: -$33,8312013Revenue 2014: $3,608,139Expenses 2014: $3,359,445Net Income 2014: $248,6942014Revenue 2015: $3,954,461Expenses 2015: $3,756,235Net Income 2015: $198,2262015Revenue 2016: $4,538,767Expenses 2016: $4,211,164Net Income 2016: $327,6032016Revenue 2017: $4,859,887Expenses 2017: $4,540,775Net Income 2017: $319,1122017Revenue 2018: $5,043,893Expenses 2018: $4,888,665Net Income 2018: $155,2282018Revenue 2019: $5,638,734Expenses 2019: $5,551,907Net Income 2019: $86,8272019Revenue 2020: $5,908,665Expenses 2020: $5,542,885Net Income 2020: $365,7802020Revenue 2021: $6,674,452Expenses 2021: $6,370,462Net Income 2021: $303,9902021Revenue 2022: $6,591,689Expenses 2022: $7,160,234Net Income 2022: -$568,5452022Revenue 2023: $2,414,124Expenses 2023: $3,460,124Net Income 2023: -$1,046,0002023Revenue 2024: $3,766,159Expenses 2024: $3,562,225Net Income 2024: $203,9342024

Highlighted filing

2016

Revenue$4,538,767
Expenses$4,211,164
Net Income$327,603
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$4,954,337
Mission and Program Overview

Mission

The organization was formed to provide informational and educational opportunities for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,172,782$3,691,753▲ $518,971
Land, Buildings, and Equipment, Net$3,502,823$3,467,680▼ $35,143
Prepaid Expenses and Deferred Charges$1,223,993$1,305,871▲ $81,878
Inventories for Sale or Use$52,911$52,754▼ $157
Cash and Non-Interest-Bearing Accounts$1,700$1,137▼ $563
Accounts Receivable$811$491▼ $320
Investments Other Securities$18$18→ $0
Total Assets$7,956,962$8,521,628▲ $564,666
Other Assets Total$1,924$1,924→ $0
Liabilities
Deferred Revenue$2,078,454$2,301,672▲ $223,218
Accounts Payable and Accrued Expenses$47,404$61,249▲ $13,845
Total Liabilities$2,125,858$2,362,921▲ $237,063
Net Assets / Fund Balance
Unrestricted Net Assets$5,831,104$6,158,707▲ $327,603
Total Net Assets Fund Balance$5,831,104$6,158,707▲ $327,603
Total Liabilities and Net Assets / Fund Balance$7,956,962$8,521,628▲ $564,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,524,872$1,515,637$4,040,509
Land$848,467-$848,467
Equipment$94,341$325,826$420,167
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tessa HultzCEOFT$194,502$5,835$200,337

Board Members and Trustees

NameTitle
Mark ParkerPresident
Tom GongawarePresident-el
Becky HarperDirector
Bill FletcherDirector
Brenda CarrollDirector
Dave AndersonDirector
Diana BraunDirector
Diane DonnellyDirector
Frank DeronjaDirector
Gina MillerDirector
Glenn WeeksDirector
Jose SerranoDirector
Kevin StarkeyDirector
Laurie DonofrioDirector
Leslie WilliamsDirector
Linda KolarovDirector
Margaret SophieDirector
Mindy OberhardtDirector
Renee SmithDirector
Scott HoytDirector
Steven NorrisDirector
Teresa PittDirector
Tim McbrayerDirector
Tom E SmithDirector
Van FletcherDirector
Harriette DoggettPast Preside
Lewis GrubbsSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$3,615,140
Program Service Revenue
$567,339
Investment Income
$-16,708
Other Revenue
$372,996
All Other Contributions
$447
Change in Net Assets
$327,603

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,538,767
Revenue Not Reported on Form 990
$-288,298
Total Revenue per Audited Statements
$4,250,469
Total Revenue per Form 990
$4,538,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,148,746
Salaries, Compensation, and Employee Benefits$1,037,064
Grants and Similar Amounts Paid$25,354
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$2,336,287
Other Salaries and Wages---$659,232
Current Officers, Directors, Trustees, and Key Employees---$200,337
Depreciation Depletion---$150,700
Travel---$109,930
All Other Expenses---$94,693
Other Employee Benefits---$93,886
Occupancy---$81,942
Payroll Taxes---$58,622
Information Technology---$25,619
Grants to Domestic Orgs---$25,354
Pension Plan Contributions---$24,987
Other Expenses---$24,008
Fees for Services Accounting---$23,546
Office Expenses---$17,729
Insurance---$11,476
Fees for Services Legal---$10,626
Fees for Services Other---$6,030
Conferences and Meetings---$2,263
Total Functional Expenses$0$0$0$4,211,164

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,590,063
Expenses per Audited Statements$4,211,164
Total Expenses per Form 990$4,211,164
Expenses Not Reported on Form 990$378,899
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Realtor Foundation of Wake CountyCary, NC501c3Housing Programs$15,354
Realtors Relief FoundationChicago, IL501c3Flood Relief$10,000
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
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$921,964
Total Nondeductible Lobbying and Political Cost$921,964
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Each realtor that joins the organization is considered a member of the organization.

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

Each member is allowed to vote for directors that serve on the governing board.

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

The governing body would need the approval of the members before dissolving the corporation.

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

The treasurer and chief executive officer review copies of the forms 990 and 990-t before they are filed. Copies are made available to the finance committee to review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization requires that all officers, directors and key employees complete a conflict of interest survey annually.

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

The organization purchases an annual survey that provides compensation comparability data that the personnel committee uses during annual compensation reviews.

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

The organization purchases an annual survey that provides compensation comparability data that the personnel committee uses during annual compensation reviews.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available on its website. The financial statements and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Raleigh Regional Association
EIN
56-0709311
Phone
9196545400
Address
111 REALTORS WAY, CARY, NC 27513

Signing Officer

Name
Tessa Hultz
Title
CEO
Phone
9196545400
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Parker
Formed
1924
Legal Domicile
Nc
Voting Board Members
27
Independent Board Members
27
Employees
21

Preparer

Firm
Maddison & Caison Llp
Address
1111 OBERLIN RD, RALEIGH, NC 27605-1136
Preparer
Susan Glendenning
Phone
9198215482
Supplemental Narrative

Financial Statement Notes

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

Equity in income from subsidiary -667,197 cost of goods sold 172,674 rental expenses 206,225

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

Cost of goods sold 172,674 rental expenses 206,225

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27CEO
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IRS990/Form990TFiledInd0true
IRS990/FormationYr01924
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-36421
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToDomesticOrgsGrp/TotalAmt025354
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0250
IRS990/GrossReceiptsAmt04954337
IRS990/GrossRentsGrp/RealAmt0371191
IRS990/GrossSalesOfInventoryAmt0273054
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt01
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IRS990/InsuranceGrp/TotalAmt011476
IRS990/InventoriesForSaleOrUseGrp/BOYAmt052911
IRS990/InventoriesForSaleOrUseGrp/EOYAmt052754
IRS990/InvestmentIncomeGrp/ExclusionAmt017045
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt019713
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt036671
IRS990/LessRentalExpensesGrp/RealAmt0206225
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt03614693
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0164966
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IRS990/NetUnrelatedBusTxblIncmAmt0-23680
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IRS990/OfficeExpensesGrp/TotalAmt017729
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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01924
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IRS990/OtherExpensesGrp/Desc2BANK AND MERCHANT FEES
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IRS990/OtherExpensesGrp/TotalAmt250200
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IRS990/OtherRevenueMiscGrp/BusinessCd1541800
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1250
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0659232
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IRS990/PaymentsToAffiliatesGrp/TotalAmt02336287
IRS990/PayrollTaxesGrp/TotalAmt058622
IRS990/PensionPlanContributionsGrp/TotalAmt024987
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01223993
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01305871
IRS990/PrincipalOfficerNm0MARK PARKER
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IRS990/ProgramServiceRevenueGrp/Desc3GOVERNMENT AFFAIRS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1155074
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt245466
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0364749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1155074
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32050
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03131242
IRS990/PYGrantsAndSimilarPaidAmt026085
IRS990/PYInvestmentIncomeAmt06892
IRS990/PYOtherExpensesAmt02761062
IRS990/PYOtherRevenueAmt0340805
IRS990/PYProgramServiceRevenueAmt0475522
IRS990/PYRevenuesLessExpensesAmt0198226
IRS990/PYSalariesCompEmpBnftPaidAmt0969088
IRS990/PYTotalExpensesAmt03756235
IRS990/PYTotalRevenueAmt03954461
IRS990/ReconcilationRevenueExpnssAmt0327603
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0164966

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.6$1.40$10.2$3.77$3.56$0.20
2023Detailed filing. Detailed filing data is available for this year.$11.3$1.07$10.2$2.41$3.46$1.05
2022Detailed filing. Detailed filing data is available for this year.$8.03$1.22$6.81$6.59$7.16$0.57
2021Detailed filing. Detailed filing data is available for this year.$11.2$3.83$7.38$6.67$6.37$0.30
2020Detailed filing. Detailed filing data is available for this year.$10.6$3.49$7.09$5.91$5.54$0.37
2019Detailed filing. Detailed filing data is available for this year.$9.88$3.16$6.72$5.64$5.55$0.09
2018Detailed filing. Detailed filing data is available for this year.$9.31$2.67$6.63$5.04$4.89$0.16
2017Detailed filing. Detailed filing data is available for this year.$8.97$2.49$6.48$4.86$4.54$0.32
2016Detailed filing. Detailed filing data is available for this year.$8.52$2.36$6.16$4.54$4.21$0.33
2015Detailed filing. Detailed filing data is available for this year.$7.96$2.13$5.83$3.95$3.76$0.20
2014Summary only. Only limited summary data is available for this year.$7.44$1.81$5.63$3.61$3.36$0.25
2013Summary only. Only limited summary data is available for this year.$6.67$1.28$5.38$3.10$3.14$0.03
2012Summary only. Only limited summary data is available for this year.$6.68$1.26$5.42$2.98$2.87$0.11
2011Summary only. Only limited summary data is available for this year.$6.54$1.24$5.30$2.84$2.63$0.20
2010Summary only. Only limited summary data is available for this year.$6.22$1.12$5.10$3.17$2.96$0.21