Civic Intelligence

Raleigh Regional Association of Realtors Inc

990 • Fiscal year 2018 • EIN 56-0709311

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

58th percentile

0.29x

Higher debt load relative to assets than 58% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.53x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Net Margin

47th percentile

3.1%

Higher net margin than 47% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$272,366

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2018

Asset Growth

57th percentile

3.8%

Faster asset growth than 57% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,307,352

Up $337,866 (+3.8%) from 2017

Net Assets

Up

$6,633,047

Up $155,228 (+2.4%) from 2017

Liabilities

Up

$2,674,305

Up $182,638 (+7.3%) from 2017

Revenue

Up

$5,043,893

Up $184,006 (+3.8%) from 2017

Expenses

Up

$4,888,665

Up $347,890 (+7.7%) from 2017

Net Income

Down

$155,228

Down $163,884 (-51%) from 2017

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

2018

Assets$9,307,352
Liabilities$2,674,305
Net Assets$6,633,047

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

2018

Revenue$5,043,893
Expenses$4,888,665
Net Income$155,228
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$5,419,769
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$4,112,110$4,332,494▲ $220,384
Land, Buildings, and Equipment, Net$3,323,132$3,289,195▼ $33,937
Prepaid Expenses and Deferred Charges$1,482,558$1,629,958▲ $147,400
Inventories for Sale or Use$46,709$34,762▼ $11,947
Accounts Receivable$1,010$16,676▲ $15,666
Cash and Non-Interest-Bearing Accounts$2,025$2,325▲ $300
Investments Other Securities$18$18→ $0
Total Assets$8,969,486$9,307,352▲ $337,866
Other Assets Total$1,924$1,924→ $0
Liabilities
Deferred Revenue$2,438,248$2,575,294▲ $137,046
Accounts Payable and Accrued Expenses$53,419$98,886▲ $45,467
Other Liabilities-$125-
Total Liabilities$2,491,667$2,674,305▲ $182,638
Net Assets / Fund Balance
Unrestricted Net Assets$6,477,819$6,633,047▲ $155,228
Total Net Assets Fund Balance$6,477,819$6,633,047▲ $155,228
Total Liabilities and Net Assets / Fund Balance$8,969,486$9,307,352▲ $337,866

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,276,450$1,764,059$4,040,509
Land$848,467-$848,467
Equipment$164,278$329,749$494,027
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tessa HultzCEOFT$251,768$20,598$272,366

Board Members and Trustees

NameTitle
Diana BraunPresident
Renee SmithPresident-el
Becky HarperDirector
Bill FletcherDirector
Brenda CarrollDirector
Brett BushnellDirector
Christina NormanDirector
Diane DonnellyDirector
Frank DeronjaDirector
Jennifer SpencerDirector
Joe SchabotDirector
Kevin StarkeyDirector
Laurie DonofrioDirector
Leslie WilliamsDirector
Margaret SophieDirector
Mark ParkerDirector
Melanie OrborneDirector
Mollie OwenDirector
Myra ZollingerDirector
Scott KorbinDirector
Shannon BrienDirector
Steven NorrisDirector
Tim McbrayerDirector
Tom E SmithDirector
Ward RickeDirector
Tom GongawarePast Preside
Lewis GrubbsSecretary-tr
Revenue and Support

Revenue Composition

Contributions and Grants
$4,076,851
Program Service Revenue
$633,192
Investment Income
$16,410
Other Revenue
$317,440
Change in Net Assets
$155,228

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,043,893
Revenue Not Reported on Form 990
$247,098
Total Revenue per Audited Statements
$5,290,991
Total Revenue per Form 990
$5,043,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,588,635
Salaries, Compensation, and Employee Benefits$1,267,530
Grants and Similar Amounts Paid$32,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$2,614,485
Other Salaries and Wages---$790,841
Current Officers, Directors, Trustees, and Key Employees---$272,364
Depreciation Depletion---$180,669
Travel---$112,042
Other Employee Benefits---$89,717
All Other Expenses---$78,791
Payroll Taxes---$70,142
Occupancy---$67,702
Information Technology---$61,743
Pension Plan Contributions---$44,466
Fees for Services Other---$34,074
Grants to Domestic Orgs---$32,500
Other Expenses---$31,964
Fees for Services Accounting---$27,075
Office Expenses---$24,240
Conferences and Meetings---$21,479
Fees for Services Legal---$17,113
Insurance---$14,128
Total Functional Expenses$0$0$0$4,888,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,014,404
Expenses per Audited Statements$4,888,665
Total Expenses per Form 990$4,888,665
Expenses Not Reported on Form 990$125,739
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Realtor Foundation of Wake CountyCary, NC501c3Housing Programs$20,000
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$678,701
Total Nondeductible Lobbying and Political Cost$678,701
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rpac Deposits$125
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Diana Braun
Title
President
Phone
9196545400
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana Braun
Formed
1924
Legal Domicile
Nc
Voting Board Members
27
Independent Board Members
27
Employees
18

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 121,359 allocation of indirect costs 125,739

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

Allocation of indirect costs 125,739

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT-EL
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY-TR
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
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-6914
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantsToDomesticOrgsGrp/TotalAmt032500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05419769
IRS990/GrossRentsGrp/RealAmt0293186
IRS990/GrossSalesOfInventoryAmt0285816
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt027
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt014128
IRS990/InventoriesForSaleOrUseGrp/BOYAmt046709
IRS990/InventoriesForSaleOrUseGrp/EOYAmt034762
IRS990/InvestmentIncomeGrp/ExclusionAmt022871
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IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt06914
IRS990/LessRentalExpensesGrp/RealAmt0184199
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt04076851
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION WAS FORMED TO PROVIDE INFORMATIONAL AND EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01924
IRS990/OtherEmployeeBenefitsGrp/TotalAmt089717
IRS990/OtherExpensesGrp/Desc0EDUCATION AND LEADERSHIP
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IRS990/OtherExpensesGrp/Desc2BANK AND MERCHANT FEES
IRS990/OtherExpensesGrp/Desc3GOVERNMENT AFFAIRS
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IRS990/OtherExpensesGrp/TotalAmt254273
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IRS990/OtherRevenueMiscGrp/Desc0TMLS OTHER
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IRS990/PayrollTaxesGrp/TotalAmt070142
IRS990/PensionPlanContributionsGrp/TotalAmt044466
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01482558
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01629958
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IRS990/ProgramServiceRevenueGrp/Desc2MEMBER SERVICES
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IRS990/ProgramServiceRevenueGrp/Desc4COMMUNICATIONS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1164222
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt261945
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt324065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42560
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1164222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt261945
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt324065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42560
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03854928
IRS990/PYGrantsAndSimilarPaidAmt025000
IRS990/PYInvestmentIncomeAmt017722
IRS990/PYOtherExpensesAmt03363475
IRS990/PYOtherRevenueAmt0366880
IRS990/PYProgramServiceRevenueAmt0620357
IRS990/PYRevenuesLessExpensesAmt0319112
IRS990/PYSalariesCompEmpBnftPaidAmt01152300
IRS990/PYTotalExpensesAmt04540775
IRS990/PYTotalRevenueAmt04859887
IRS990/ReconcilationRevenueExpnssAmt0155228
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0108987
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true

Document Assets

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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