Westchester County Board Of Realtors Inc in White Plains, New York (NY)

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Westchester County Board Of Realtors Inc
Employer Identification Number (EIN)131737022
Name of OrganizationWestchester County Board Of Realtors Inc
Address60 S Broadway, White Plains, NY 10601-4465
ActivitiesOther school related activities, Library, Professional association
SubsectionBoard of Trade
Ruling Date03/1943
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2008
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,582,685
Amount of Income$2,021,756
Form 990 Revenue Amount$1,978,745
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Real Estate Organizations



Amount of income in 2008: $2,021,756
Westchester County Board Of Realtors Inc:  $2,021,756
Other organizations performing similar types of work:  $2,091,207

Assets in 2008: $4,582,685
Westchester County Board Of Realtors Inc:  $4,582,685
Other organizations performing similar types of work:  $8,942,914

Expenses in 2002: $1,284,289
This organization:  $1,284,289
Other organizations performing similar types of work:  $782,084

Income to expenses ratio in 2002: 1.2
Westchester County Board Of Realtors Inc:  1.2
Other organizations performing similar types of work:  1.1

Number of employees in 2002: 15
This organization:  15
Other organizations performing similar types of work:  10

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002
Total revenue$1,520,774
Contributions, gifts, grants, and similar amounts received$0
Contributions to donor advised funds
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$460,189
Membership dues and assessments$971,229
Interest on savings and temporary cash investments$69,216
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$0
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$1,957
Gross sales of inventory, less returns and allowances$29,508
Less: cost of goods sold$27,551
Other revenue$18,183
Total expenses$1,284,289
Program services$0
Management and general$0
Fundraising$0
Payments to affiliates$0
Net assets or fund balances at end of year$2,204,240
Excess or (deficit) for the year$236,485
Net assets or fund balances at beginning of year$1,967,755
Other changes in net assets or fund balances$0
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,284,289$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$82,077$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$347,970$0$0$0
Pension plan contributions not included above$38,086$0$0$0
Employee benefits not included above$36,135$0$0$0
Payroll taxes$34,741$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$18,300$0$0$0
Legal fees$62,969$0$0$0
Supplies$10,339$0$0$0
Telephone$14,327$0$0$0
Postage and shipping$26,429$0$0$0
Occupancy$99,388$0$0$0
Equipment rental and maintenance$31,833$0$0$0
Printing and publications$150,120$0$0$0
Travel$2,233$0$0$0
Conferences, conventions, and meetings$25,521$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$13,718$0$0$0
Other expenses not covered above$290,103$0$0$0
Balance Sheets
2002
Total assets$2,593,693
Cash - non-interest-bearing$280,868
Savings and temporary cash investments$1,992,910
Accounts receivable less allowance for doubtful accounts$103,535
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$12,286
Prepaid expenses and deferred charges$15,392
Investments - publicly-traded securities
Investments - other securities$1,000
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$163,225
Other assets, including program-related investments$24,477
Total liabilities$389,453
Accounts payable and accrued expenses$38,248
Grants payable$0
Deferred revenue$351,205
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$0
Total liabilities and net assets/fund balances$2,593,693
Total net assets or fund balances$2,204,240
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$1,520,774
Total revenue, gains, and other support per audited financial statements$1,520,774
Other expenses$0
Net unrealized gains on investments$0
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$0
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$1,284,289
Total expenses and losses per audited financial statements$1,284,289
Other revenue$0
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$0
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$971,229
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200615
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,042,732$478,042
Program service revenue
Program service revenue 1000000$000$0$359,140
Program service revenue 2000000$000$0$101,049
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$099$971,229$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$69,216$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$1,957
Other revenue000000$099$2,287$15,896
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
13285252485%$1,924,656$2,115,513
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2001
Total$0
Gifts, grants, and contributions received$0
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Association Of RealtorsPo Box 475, Patterson, NY 12563NY1934-12$443,756,344
2California Association Of Realtors Inc525 S Virgil Ave, Los Angeles, CA 90020-1403CA1938-01$94,744,884
3National Association Of Real Estate Investments Trusts1875 Eye Street Nw 600, Washington, DC 20006-5413DC1974-02$18,229,197
4Florida Association Of Realtors7025 Augusta National Dr, Orlando, FL 32822-5017FL1950-01$18,156,507
5Texas Association Of RealtorsPO BOX 2246, Austin, TX 78768-2246TX1945-02$15,424,039
6Long Island Board Of Realtors Inc300 Sunrise Hwy, West Babylon, NY 11704-5902NY1943-08$12,866,599
7Arizona Association Of Realtors255 E Osborn Rd Ste 200, Phoenix, AZ 85012-2358AZ1965-12$9,234,520
8Realty Advisory Board On Labor Relations Incorporated292 Madison Avenue, New York, NY 10017-6307NY1937-05$3,776,815
9Alabama Association Of Realtors IncPO BOX 4070, Montgomery, AL 36103-4070AL1944-12$3,263,065
10Midwest Community Real Estate Management Corporation1200 Maple Rd, Joliet, IL 60432-1439IL1987-10$2,587,364
11Regional Properties Inc9040 Sunset Drive No 70-B, Miami, FL 33173-3432FL1969-09$2,226,101
12Westchester County Board Of Realtors Inc60 S Broadway, White Plains, NY 10601-4465NY1943-03$2,021,756
13Asheville Board Of Realtors Inc37 Montford Ave, Asheville, NC 28801-2529NC1948-09$1,769,993
14Ada County Association Of Realtors Inc9550 Bethel Ct, Boise, ID 83709ID1971-04$1,552,015
15Amarillo Association Of Realtors Inc5601 Enterprise Circle, Amarillo, TX 79106TX1945-07$884,988
16San Diego Charitable Real Estate Foundation2508 Historic Decatur Rd Ste 200, San Diego, CA 92106CA1996-05$612,018
17American Industrial Real Estate Association800 W 6th St Ste 800, Los Angeles, CA 90017-2741CA1972-02$458,048
18Association Of Global Real Estate ExecutivesReston, VA 20191VA$383,357
19Appraisal Institute, Alabama Chapter270 Doug Baker Blvd Ste 700-354, Birmingham, AL 35242-2693AL1992-09$58,662
20New York State Society Of Real Estate Appraisers130 Washington Ave, Albany, NY 12210-2219NY1968-08$42,742
21New York State Realtor InstituteAlbany, NY 12210NY$32,100
22Appraisal Institute Central Virginia ChapterRichmond, VA 23229VA$4,910
23Churchill On The Park Investment Inc1251 Ave Of The America 35th F, New York, NY 10020NY2006-08$4,989,903
24Eight Corporate Centre Acquisition CompanyPO BOX 5005, New York, NY 10163-5005NY2009-08$3,265,795
25305-333 Rock Corp1251 Avenue Of The Americas, New York, NY 10020-1104NY2006-04$2,688,645
26Inman Park Investment Group Inc1251 Avenue Of The Americas, New York, NY 10020-1104NY2006-02$2,629,285
2713330 Lakefront Corp1251 Avenue Of The Americas, New York, NY 10020-1104NY2006-04$2,162,938
285900 Carlson Avenue Acquisition CorpPO BOX 5005, New York, NY 10163-5005NY2008-08$829,832
29Batavia Acquisition CorporationPO BOX 5005, New York, NY 10163-5005NY2009-08$563,226
301940 Usg Acquisition CorporationPO BOX 5005, New York, NY 10163-5005NY2009-08$251,169
Number of organizations performing similar types of work
Alabama3
Arizona3
California65
Colorado5
Connecticut9
District of Columbia2
Florida7
Georgia6
Hawaii2
Iowa1
Idaho2
Illinois32
Indiana1
Kansas1
Kentucky1
Louisiana2
Massachusetts8
Maryland5
Michigan6
Minnesota5
Missouri2
Mississippi2
Montana1
North Carolina3
North Dakota2
Nebraska1
New Jersey4
New Mexico2
New York30
Ohio5
Oklahoma1
Oregon3
Pennsylvania5
Rhode Island2
South Carolina1
South Dakota1
Tennessee3
Texas41
Virginia5
Vermont1
Washington6
Wisconsin3
West Virginia1
Total291

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