TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Inspection
Name of the organization
Cape Fear REALTORS
Employer identification number
56-6061481
56-6061481
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | Cape Fear REALTORS (CFR) is organized with seven classes of members:- REALTOR Members- Institute Affiliate Members- Business Partners- Public Service Members- Personal Assistant members- Student Members- Life Members |
| Form 990, Part VI, Section A, line 7a | REALTOR Members of CFR, in good standing whose financial obligations to CFR are paid in full shall be entitled to vote and to hold elective office inCFR. All other classes of membership have rights and privelages as prescribed by the Board of Directors. |
| Form 990, Part VI, Section A, line 7b | Decisions subject to approval of Members. CFR Members may amend the CFR Bylaws by a majority vote at any meeting at which a quorum is present. |
| Form 990, Part VI, Section B, line 11b | A draft is given to the CEO of the Board of Directors prior to filling. Th final unfiled version is submitted to the audit committeed during the annual meeting with the CPAs. A final unfiled copy is also given to each member of the Board of Directors at the presentation of the audit/review report. The final 990 is posted on the home page of WRAR.com. |
| Form 990, Part VI, Section B, line 12c | ALL EMPLOYEES AND VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTERESTPOLICY.EMPLOYEES MUST DISCLOSE THEIR INTEREST IN ANY ENTITY IN WHICH THECORPORATIONS ARE DOING OR CONSIDERING DOING BUSINESS TO THE CEO OR BOARD OFDIRECTORS' PRESIDENT. FOR EACH DISCLOSURE THE CEO OR PRESIDENT WILLDETERMINE IF ACTION SHOULD BE TAKEN INVOLVING FULL DISCLOSURE TO THE BOARD,ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS ORDECISIONS WITHIN THE CORPORATION OR ASK THE PERSON TO RESIGN FROM HIS/HERPOSITION IN THE CORPORATION. THE CEO AND PRESIDENT MONITORS PROPOSED ORONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST. |
| Form 990, Part VI, Section B, line 15a | THE BOARD'S ADMINISTRATIVE COMMITTEE NEGOTIATES A CONTRACT WITH THE CEO.THE SALARY AND COMPENSATION PACKAGE IS BASED UPON SALARY DATA RECEIVED FROMTHE NATIONAL ASSOCIATION OF REALTORS AND THE AMERICAN SOCIETY OFASSOCIATION EXECUTIVES. THIS PROCESS OCCURS IN THE FALL OF EACH YEAR. |
| Form 990, Part VI, Section C, line 19 | MONTHLY (UNAUDITED OR UN-REVIEWED BY OUTSIDE CPA FIRM) FINANCIAL STATEMENTS ARE DISPLAYED ON THEIR WEB SITE AS WELL AS PROVIDING COPIES UPON REQUEST. |
| Form 990, Part IX, line 24e | Laurinburg: Program service expenses 25,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,526. Bank Charges: Program service expenses 17,042. Management and general expenses 3,007. Fundraising expenses 0. Total expenses 20,049. Professional Development: Program service expenses 8,974. Management and general expenses 8,974. Fundraising expenses 0. Total expenses 17,948. Telephone/Internet: Program service expenses 8,386. Management and general expenses 5,590. Fundraising expenses 0. Total expenses 13,976. Office Supplies: Program service expenses 4,504. Management and general expenses 3,002. Fundraising expenses 0. Total expenses 7,506. Profession Development: Program service expenses 1,612. Management and general expenses 3,761. Fundraising expenses 0. Total expenses 5,373. Other: Program service expenses 2,544. Management and general expenses 75. Fundraising expenses 0. Total expenses 2,619. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019
Additional Data
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