| Return Reference | Explanation |
|---|---|
| Other Revenue.1 | KEYBOX REVENUE $28982 |
| Other Revenue.2 | MISC INCOME $3200 |
| Other Revenue.3 | BOARD STORE REVENUE $548 |
| Other Expenses.1001 | Advertising and Promotion $3005 |
| Other Expenses.1002 | Office Expenses $2026 |
| Other Expenses.1007 | Conferences, Conventions, and Meetings $18425 |
| Other Expenses.1009 | Depreciation $2051 |
| Other Expenses.1012 | Insurance $463 |
| Other Expenses.1 | COGS $34315 |
| Other Expenses.2 | SOFTWARE EXPENSE $7805 |
| Other Expenses.3 | INTERNET $859 |
| Other Expenses.4 | TELEPHONE $859 |
| Other Expenses.5 | SUBSCRIPTIONS $541 |
| Other Expenses.6 | SECURITY SYSTEM $474 |
| Other Expenses.7 | MILEAGE $380 |
| Other Expenses.8 | WEBSITE $325 |
| Other Expenses.9 | JANITORIAL $300 |
| Other Expenses.10 | TAXES AND LICENSES $146 |
| Other Expenses.12 | GIFTS $70 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $8277 Furniture and Fixtures - Ending $1488 |
| Other Assets.1003 | Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $5921 |
| Other Assets.1005 | Accounts Receivable - Beginning $1310 Accounts Receivable - Ending $1310 |
| Other Assets.1010 | Inventories - Beginning $1027 Inventories - Ending $2399 |
| Other Assets.1011 | Prepaid Expenses and Deferred Charges - Beginning $365 Prepaid Expenses and Deferred Charges - Ending $1571 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $1401 Accounts Payable and Accrued Expenses - Ending $1403 |
| Total Liabilities.1003 | Deferred Revenue - Beginning $46303 Deferred Revenue - Ending $43872 |
| Total Liabilities.1 | - Beginning $-1253 - Ending $0 |
| PART I AND PART III - MOST SIGNIFICANT ACTIVITIES | Taxpayer is a real estate board and as such does not have specific programs and services to which revenues and expenses are allocated. The revenue amount shown in Part III,line 4a represents membership dues and fees paid by members. The Board administers and monitors the professional requirements of the state licensing agency and the National Association of Realtors on behalf of its members. These activities include: 1. monitoring members conduct and compliance with professional standards and the Board's code of ethics. 2. education courses to enable members to meet their professional continuing education requirements. 3. providing lock box security systems used by agents in connection with properties listed for sale. 4. providing copies of forms, contracts and other supplies used by real estate agents. 5. promoting the interest of individual property rights and home ownership. These activities are funded primarily by membership dues and related fees, plus fees for services, in certain cases. As previously noted, revenues and expenses are not subject to segregation or allocation to the individual services and activities provided by the Board. |
| PART IV, SECTION A. ITEMS &, 7a, 7 b , 8a & 10 | 6 The organization has members who pay annual dues as a privilege of membership 7a The members elect the Board of Directors. 7b Changes to the Bylaws and the election of the Board of Directors are voted upon by the members. All other decisions are the responsibility for the Board of Directors. 8a Minutes of the meetings of the Board of Directors are maintained by the Administrative Executive. 10 Copies of Form 990 EZ were prepared by the accountant and reviewed with the Administrative Executive and the President before it is filed. |
| PART VI, SECTION B. - POLICIES ITEMS 15a & 15b | There are not paid officers. The Administrative Executive is the only paid employee of the Board and the compensation is determined by the Board of Realtors. |
| RESPONSE TO PART VI, SECTION C - DISCLOSURE, ITEM 19 | Copies of governing documents, policy statements and financial statements are made available to the public upon written request to the Administrative Executive at: 5O WEST FOREST STREET, SUITE 103 BRIGHAM CITY, UT 84302 |
| Software ID: | 24020486 |
| Software Version: | 2024v5.2 |