Civic Intelligence

Realtor Association of Sarasota And

990 • Fiscal year 2013 • EIN 59-0810295

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 07, 2014

2320 Cattlemen Rd34232

(941) 952-3400

Siviq Scores

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

Liabilities / Assets

28th percentile

0.11x

Higher debt load relative to assets than 28% of similar nonprofits.

2013 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2013

Liabilities / Revenue

63rd percentile

0.43x

Higher debt load relative to revenue than 63% of similar nonprofits.

2013 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2013

Net Margin

47th percentile

4.1%

Higher net margin than 47% of similar nonprofits.

2013 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2013

Top Officer Pay

26th percentile

$174,366

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2013 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2013

Asset Growth

17th percentile

-3.6%

Faster asset growth than 17% of similar nonprofits.

2013 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$7,036,372

Down $266,203 (-3.6%) from 2012

Net Assets

Up

$6,291,101

Up $135,495 (+2.2%) from 2012

Liabilities

Down

$745,271

Down $401,698 (-35%) from 2012

Revenue

$1,730,275

No earlier filing loaded for comparison.

Expenses

Up

$1,659,952

Up $83,412 (+5.3%) from 2012

Net Income

$70,323

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $6,565,789Liabilities 2011: $603,587Net Assets 2011: $5,962,2022011Assets 2012: $7,302,575Liabilities 2012: $1,146,969Net Assets 2012: $6,155,6062012Assets 2013: $7,036,372Liabilities 2013: $745,271Net Assets 2013: $6,291,1012013Assets 2014: $7,292,234Liabilities 2014: $813,278Net Assets 2014: $6,478,9562014Assets 2015: $9,133,081Liabilities 2015: $1,128,262Net Assets 2015: $8,004,8192015Assets 2016: $10,050,936Liabilities 2016: $1,203,310Net Assets 2016: $8,847,6262016Assets 2017: $10,848,636Liabilities 2017: $1,145,259Net Assets 2017: $9,703,3772017Assets 2018: $11,296,577Liabilities 2018: $1,044,137Net Assets 2018: $10,252,4402018Assets 2019: $12,408,178Liabilities 2019: $1,107,204Net Assets 2019: $11,300,9742019Assets 2020: $13,303,159Liabilities 2020: $1,267,457Net Assets 2020: $12,035,7022020Assets 2021: $14,781,421Liabilities 2021: $1,752,787Net Assets 2021: $13,028,6342021Assets 2022: $14,727,452Liabilities 2022: $1,687,011Net Assets 2022: $13,040,4412022Assets 2023: $15,862,126Liabilities 2023: $1,862,563Net Assets 2023: $13,999,5632023Assets 2024: $16,334,516Liabilities 2024: $1,520,017Net Assets 2024: $14,814,4992024

Highlighted filing

2013

Assets$7,036,372
Liabilities$745,271
Net Assets$6,291,101

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2011: $1,565,0112011Expenses 2012: $1,576,5402012Revenue 2013: $1,730,275Expenses 2013: $1,659,952Net Income 2013: $70,3232013Revenue 2014: $1,967,781Expenses 2014: $1,778,424Net Income 2014: $189,3572014Revenue 2015: $2,645,308Expenses 2015: $2,303,146Net Income 2015: $342,1622015Revenue 2016: $3,108,271Expenses 2016: $2,265,464Net Income 2016: $842,8072016Revenue 2017: $3,117,910Expenses 2017: $2,369,745Net Income 2017: $748,1652017Revenue 2018: $3,317,740Expenses 2018: $2,401,372Net Income 2018: $916,3682018Revenue 2019: $3,324,285Expenses 2019: $2,540,950Net Income 2019: $783,3352019Revenue 2020: $2,910,118Expenses 2020: $2,394,529Net Income 2020: $515,5892020Revenue 2021: $3,417,937Expenses 2021: $2,632,403Net Income 2021: $785,5342021Revenue 2022: $3,939,487Expenses 2022: $3,177,097Net Income 2022: $762,3902022Revenue 2023: $3,980,070Expenses 2023: $3,477,256Net Income 2023: $502,8142023Revenue 2024: $4,323,415Expenses 2024: $3,709,904Net Income 2024: $613,5112024

Highlighted filing

2013

Revenue$1,730,275
Expenses$1,659,952
Net Income$70,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 7, 2014
Return Version
2013v3.1
Gross Receipts
$1,797,701
Mission and Program Overview

Mission

The mission of the realtor association of sarasota and manatee is to advance members' professionalism through delivery of education and resources, and to advocate for real estate in the communities served.

To uphold the Realtor Code of Ethics, deliver education, tools, and resources to advance members' professionalism, be the advocate for protection of private property rights in the communities we serve, and to further the interests of real property ownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,589,389$4,052,229▲ $1,462,840
Investments in Publicly Traded Securities$3,447,265$2,309,270▼ $1,137,995
Savings and Temporary Cash Investments$1,005,631$562,105▼ $443,526
Investments Other Securities$46,237$46,237→ $0
Inventories for Sale or Use$48,208$33,051▼ $15,157
Prepaid Expenses and Deferred Charges$147,424$22,142▼ $125,282
Accounts Receivable$5,017$4,311▼ $706
Cash and Non-Interest-Bearing Accounts$560$680▲ $120
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$7,302,575$7,036,372▼ $266,203
Other Assets Total$12,844$6,347▼ $6,497
Liabilities
Deferred Revenue$511,018$639,832▲ $128,814
Accounts Payable and Accrued Expenses$69,961$71,443▲ $1,482
Other Liabilities$565,990$33,996▼ $531,994
Total Liabilities$1,146,969$745,271▼ $401,698
Net Assets / Fund Balance
Unrestricted Net Assets$6,104,105$6,247,157▲ $143,052
Temporarily Rstr Net Assets$51,501$43,944▼ $7,557
Total Net Assets Fund Balance$6,155,606$6,291,101▲ $135,495
Total Liabilities and Net Assets / Fund Balance$7,302,575$7,036,372▼ $266,203

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,752,188$59,363$2,811,551
Land$1,060,228-$1,060,228
Equipment$132,926$159,904$292,830
Other Land Buildings$106,887$41,121$148,008
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn RobertsCEOFT$137,827$36,539$174,366
Michael DavenportDirector-$14,595-$14,595
Laura A BensonDirector-$1,650-$1,650

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
HalfacreConstruction-$1,723,058
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,533,487
Investment Income
$100,092
Other Revenue
$96,696
Change in Net Assets
$70,323

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,805,257
Revenue Not Reported on Financial Statements
$-74,982
Revenue Not Reported on Form 990
$65,172
Other Revenue Adjustments
$-74,982
Total Revenue per Audited Statements
$1,870,429
Total Revenue per Form 990
$1,730,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$910,661
Other Expenses$731,291
Grants and Similar Amounts Paid$18,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$558,641
Current Officers, Directors, Trustees, and Key Employees---$190,611
Occupancy---$126,715
Depreciation Depletion---$114,893
All Other Expenses---$110,271
Other Employee Benefits---$78,513
Payroll Taxes---$54,232
Other Expenses---$42,207
Office Expenses---$36,946
Pension Plan Contributions---$28,664
Information Technology---$27,419
Fees for Services Accounting---$24,291
Insurance---$12,370
Conferences and Meetings---$11,994
Fees for Services Legal---$11,011
Fees for Service Investment Mgmnt Fees---$10,375
Grants to Domestic Orgs---$10,000
Grants to Domestic Individuals---$8,000
Total Functional Expenses$0$0$0$1,659,952

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,727,516
Expenses per Audited Statements$1,659,952
Total Expenses per Form 990$1,659,952
Expenses Not Reported on Form 990$67,564
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
85-8012646---$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,773
Fundraising Direct Expenses$13,200
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$22,773$22,773-$22,773
Total Events$22,773$22,773$13,200$9,573
Political and Lobbying Activity
Political campaign activity
Yes
Lobbying activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$26,058
Current Year Nondeductible Lobbying and Political Cost$18,362
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Retirement Plan Liability$14,519
Income taxes payable$13,807
Due to National and State Associations$4,870
Deferred Tax Liability$800
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
No
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Director Laura Benson is employed by a company which Director Drayton Saunders is the president.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Association has six classes of members; REALTOR Members, Institute Affiliate Members, Affiliate Members, Honorary Members, Student Members, and Administrative Members. REALTOR Members are entitled to vote and to hold elective office in the Association.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The Board of Directors and Officers of the Association are elected at the annual membership meeting by the REALTOR Members.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The bylaws may be amended by a majority vote of the Realtor Members present and qualified to vote at any meeting at which a quorum is present, provided such proposed amendment or amendments shall be plainly stated in the call for the meeting, or by a mail, facsimile, or electronic ballot with two-thirds vote of five percent of the Realtor membership qualified to vote. The Board of Directors may, at any regular or special meeting of the Board of Directors at which a quorum is present, approve amendments to the Bylaws which are mandated by the National Association of Realtors policy.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is reviewed by the CEO, Director of Accounting, and the Executive Committee of the Board of Directors prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

At the beginning of each meeting, the presiding person reminds everyone about the Conflict of Interest Policy and inquires whether any member has a conflict or potential conflict to report. The minutes reflect any conflicts declared either at that time or later in the meeting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

An Evaluation Committee meets annually in the fall to evaluate the performance of the CEO. At that time, they are provided with a copy of salary surveys from the National Association of Realtors, the American Society of Association Executives, and a consultant (Bill Lester) who conducts surveys of Realtor associations annually and reports the results to the participants. The committee evaluates the progress made toward achieving the objectives established in the Strategic Plan for the year, and other objectives set in the prior year's evaluation to determine the achievements of the CEO. They review the salary surveys, and determine the salary for the subsequent year. The report is made to the Executive Committee, who authorizes the salary for the subsequent year.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

For all other employees, the CEO uses the same salary surveys aforementioned to establish compensation based on experience.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Disclosure of governing documents is made available on the Association's web site. Disclosure of the Association's policies are disclosed as requested. The Association's financial statements are available to be viewed as requested, only members of the Finance Committee and the Board of Directors receive copies.

Filing and Contact Details

Filer

EIN
59-0810295
Phone
9419523400

Signing Officer

Name
Kathryn Roberts
Title
CEO
Signed
2014-04-07
Discuss with paid preparer
Yes

Organization Details

Formed
1964
Legal Domicile
Fl
Voting Board Members
20
Independent Board Members
20
Employees
13
Volunteers
169

Preparer

Preparer
Patrick L Gallagher CPA
Phone
9419231881
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Association is a not-for-profit Florida corporation and is exempt from income taxation under Section 501(c)(6) of the Internal Revenue Code. The Association is, however, taxable with respect to certain income arising from its multiple listing service and magazine advertising income. The Association makes allocations of expenses based on estimates to calculate the net taxable income. In the computation of taxable income, the Association uses accelerated and bonus methods of depreciation available under the Internal Revenue Code to calculate taxable income. These methods result in larger depreciation deductions for income tax than are recognized in the accompanying financial statements. During 2013 and 2012, the Association made charitable donations totaling $10,000 and $7,000, respectively, to various 501(c)(3) organizations. Deduction of these contributions is limited to ten-percent (10%) of unrelated business taxable income. Accordingly, the amount in excess of 10% is available for carryforward for five years to reduce future taxable income, subject to the annual 10% limitation. No interest or penalties resulting from an underpayment of income taxes have been recognized in the statement of revenues, expenses, and changes in members' equity or in the statement of financial position. The Association has no positions for which it believes it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next twelve months. The tax years 2010 through 2013 remain subject to examination by the Internal Revenue Service and the Florida Department of Revenue.The components of deferred tax asset and liability as of December 31, 2013 and 2012 are summarized as follows:2013 Deferred tax liability - Depreciation $8002012 Deferred tax liability - Depreciation $800The provision for income taxes charged to operations is as follows:2013 Total Income Tax Provision $90,6072013 Federal provision - Current $79,1482013 State provision - Current $11,4592012 Total Income Tax Provision $73,7172012 Federal provision - Current $63,1852012 State provision - Current $10,532

Part XII, Line 2D: Other expenses and losses per audited F/S

Cost of goods sold $54226 CID golf tournament expenses $13200 Loss on disposal of assets $138

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IRS990/Form990PartVIISectionAGrp/PersonNm0Stafford Starcher
IRS990/Form990PartVIISectionAGrp/PersonNm1Joe C Hembree
IRS990/Form990PartVIISectionAGrp/PersonNm2Drayton A Saunders
IRS990/Form990PartVIISectionAGrp/PersonNm3Margo McKenzie
IRS990/Form990PartVIISectionAGrp/PersonNm4Amy Worth-Paul
IRS990/Form990PartVIISectionAGrp/PersonNm5Marianne LeBar
IRS990/Form990PartVIISectionAGrp/PersonNm6Renee Marquiss
IRS990/Form990PartVIISectionAGrp/PersonNm7Michael Davenport
IRS990/Form990PartVIISectionAGrp/PersonNm8Peter Crowley
IRS990/Form990PartVIISectionAGrp/PersonNm9Joyce Marie Steward
IRS990/Form990PartVIISectionAGrp/PersonNm10Bradford W Lindberg
IRS990/Form990PartVIISectionAGrp/PersonNm11Steve Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm12Christina R Pitchford
IRS990/Form990PartVIISectionAGrp/PersonNm13Deborah Judge
IRS990/Form990PartVIISectionAGrp/PersonNm14Carla Rayman
IRS990/Form990PartVIISectionAGrp/PersonNm15Xena A Vallone
IRS990/Form990PartVIISectionAGrp/PersonNm16Bob Stanley
IRS990/Form990PartVIISectionAGrp/PersonNm17Kristen Triolo
IRS990/Form990PartVIISectionAGrp/PersonNm18Roger M Piro
IRS990/Form990PartVIISectionAGrp/PersonNm19Laura A Benson
IRS990/Form990PartVIISectionAGrp/PersonNm20Kathryn Roberts
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8President-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20CEO
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IRS990/FormationYr01964
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IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt01797701
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IRS990/InventoriesForSaleOrUseGrp/BOYAmt048208
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IRS990/OtherExpensesGrp/TotalAmt342207
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IRS990/ProgSrvcAccomActy2Grp/Desc0Membership programs including Association Meetings, Strategic Planning, Community Outreach, and District Expenses.
IRS990/ProgSrvcAccomActy3Grp/Desc0Committee programs including Government Affairs, Installation Banquet, Professional Standards and Grievance, Breakfast/Luncheon Meeting, and Green Realtors.
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt070323
IRS990/RegularMonitoringEnfrcInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$1.52$14.8$4.32$3.71$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$1.86$14.0$3.98$3.48$0.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$1.69$13.0$3.94$3.18$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$1.75$13.0$3.42$2.63$0.79
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$1.27$12.0$2.91$2.39$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$1.11$11.3$3.32$2.54$0.78
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$1.04$10.3$3.32$2.40$0.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$1.15$9.70$3.12$2.37$0.75
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$1.20$8.85$3.11$2.27$0.84
2015Detailed filing. Detailed filing data is available for this year.$9.13$1.13$8.00$2.65$2.30$0.34
2014Detailed filing. Detailed filing data is available for this year.$7.29$0.81$6.48$1.97$1.78$0.19
2013Detailed filing. Detailed filing data is available for this year.$7.04$0.75$6.29$1.73$1.66$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.30$1.15$6.16$1.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.57$0.60$5.96$1.57
Peer Organizations

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