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Nonprofit · EIN 35-0413700

MIBOR REALTOR ASSOCIATION INC

Tax-exempt · INDIANAPOLIS, IN 46202

Financials

$5.6M$5.3M2023$5.6M$5.8M2024
Revenue Expenses · by fiscal year end
Financials of MIBOR REALTOR ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,582,964$5,830,511-$247,547$12,342,030$5,984,565$6,357,465
December 31, 2023990$5,631,050$5,327,623$303,427$11,919,169$5,563,835$6,355,334
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,106,980
Membership dues
$3,012,156
Program service revenue
$1,977,254
Investment income
$253,539
Royalties
$8,445
Net gain from sales of assets
$59,372
Net income from fundraising events
$53,047
Other revenue
$245,191

Expenses

Grants and similar amounts paid
$121,528
Compensation of officers, directors and key employees
$805,245
Other salaries and wages
$1,877,511
Salaries, compensation and benefits (total)
$3,354,963
Professional fundraising fees
$0
Legal fees
$8,250
Accounting fees
$41,934
Occupancy
$289,837
Travel
$177,036
Depreciation
$140,265

Balance sheet and other

Total assets, start of year
$11,919,169
Total assets, end of year
$12,342,030
Total liabilities, end of year
$5,984,565
Net assets, end of year
$6,357,465
Land, buildings and equipment
$1,021,861
Publicly traded securities
$2,821,916
Net assets without donor restrictions
$6,357,465
Gross unrelated business income
$1,964,944
Gross receipts
$6,276,619
Employees
47
Volunteers
525
Year formed
1924
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SHELLEY SPECCHIOCEO
Officer
40$350,099$53,116
PATRICK CLINECHIEF LEGAL COUNSEL
Highest-paid employee
40$175,464$53,121
CHRISTOPHER PRYORVP - GOVT AND COMMUNICATION
Officer
40$175,768$46,229
SHERRI PADGETTCHIEF FINANCIAL OFFICER
Officer
40$159,069$20,964
JOEL WELCHVP - INFORMATION TECHNOLOGY
Highest-paid employee
40$109,450$14,644
ANNE CARUSOPRESIDENT
Trustee or director, Officer
0$0$0
ZACH MILLERPRESIDENT ELECT
Trustee or director, Officer
0$0$0
DUSTIN SICKINGERDIRECTOR
Trustee or director
0$0$0
KEITH TURNBILLDIRECTOR
Trustee or director
0$0$0
GLENN BILLDIRECTOR
Trustee or director
0$0$0
STEVE THOMPSONDIRECTOR
Trustee or director
0$0$0
LEE ANN BALTADIRECTOR
Trustee or director
0$0$0
TIAMIA REESEDIRECTOR
Trustee or director
0$0$0
ROBYN BREECEDIRECTOR
Trustee or director
0$0$0
JERROD KLEINDIRECTOR
Trustee or director
0$0$0
2 more people on this return
NameTitleHours / weekCompensation
JUSTIN STRANGESECRETARY/TREASURER
Trustee or director, Officer
0$0
NATALIE HIGHTOWERDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
SHELLEY SPECCHIOCEO
Officer
40$327,497$58,149
CHRISTOPHER PRYORVP - GOVT AND COMMUNICATION
Highest-paid employee
40$165,657$48,183
JEANETTE LANGFORDVP - PROFESSIONAL SERVICES
Highest-paid employee
40$117,731$35,055
DWAYNE MCCOYPRIOR CHIEF FINANCIAL OFFICER
Officer
40$96,116$25,878
SHERRI REAGINCHIEF FINANCIAL OFFICER
Officer
40$39,333$4,127
CLAY BOWDENPRESIDENT
Trustee or director, Officer
0$0$0
ANNE CARUSOPRESIDENT ELECT
Trustee or director, Officer
0$0$0
DUSTIN SICKINGERDIRECTOR
Trustee or director
0$0$0
KEITH TURNBILLDIRECTOR
Trustee or director
0$0$0
GLENN BILLDIRECTOR
Trustee or director
0$0$0
STEVE THOMPSONDIRECTOR
Trustee or director
0$0$0
LEE ANN BALTADIRECTOR
Trustee or director
0$0$0
TIAMIA REESEDIRECTOR
Trustee or director
0$0$0
ROBYN BREECEDIRECTOR
Trustee or director
0$0$0
JERROD KLEINDIRECTOR
Trustee or director
0$0$0
JUSTIN STRANGESECRETARY/TREASURER
Trustee or director, Officer
0$0$0
NATALIE HIGHTOWERDIRECTOR
Trustee or director
0$0$0

Address and contacts

Address (IRS master file)
1912 N MERIDIAN ST, INDIANAPOLIS, IN 46202-1304
Principal officer (990 for 2024)
SHELLEY SPECCHIO, 1912 NORTH MERIDIAN STREET, INDIANAPOLIS, IN 46202
Signed the 990
SHELLEY SPECCHIO, CEO
Phone
(317) 956-5000
Return prepared by
BARNES DENNIG & CO LTD

Mission

MIBOR REALTOR ASSOCIATION, INC. (MIBOR) FORMED FOR THE PURPOSE OF DISCOVERING AND PROMOTING ACTIVITIES IN THE BEST INTEREST OF THE COMMUNITY AND OF ITS MEMBERS WITH RESPECT TO REAL PROPERTY, ITS OWNERSHIP AND USE, TOWARD PROVIDING A BETTER COMMUNITY IN WHICH TO LIVE AND WORK. ITS ACTIVITIES INCLUDE DEVELOPING AND PUBLICIZING THE BENEFITS INHERENT IN OWNERSHIP OF REAL PROPERTY, FACILITATING ITS EXCHANGE, DEVELOPMENT, MANAGEMENT, FINANCING, AND CONSTRUCTION; ASSEMBLING AND DISSEMBLING INFORMATION PERTINENT TO ALL PHASES OF REAL PROPERTY OWNERSHIP AND ACTIVITY; REQUIRING A HIGH STANDARD OF ETHICS; IMPROVING STANDARDS OF PRACTICE; PROMOTING COOPERATION AND STIMULATING EDUCATION ON THE PART OF ALL THOSE WHOSE BUSINESS ACTIVIITY RELATES TO REAL PROPERTY. MIBOR PARTICIPATES IN CIVIC ACTIVITY RELATING TO REAL PROPERTY, INCLUDING BUT NOT LIMITED TO PLANNING, ZONING, TAXATION, AND URBAN RENEWAL.

990 for the year ended December 31, 2024

Program accomplishments

  • PROMOTE IMPORTANCE AND VALUE OF UTILIZING A REALTOR IN A REAL ESTATE TRANSACTION BECAUSE OF HIS OR HER KNOWLEDGE AND EXPERTISE.
  • TO HELP CREATE A HEALTHY REAL ESTATE MARKET BY SUPPORTING ORGANIZATIONS WHO:1. HELP CREATE A STRONG WORKFORCE2. DEVELOP HEALTHY COMMUNITIES3. IMPROVE AWARENESS OF HOUSING OPPORTUNITIES AND ISSUES
  • EDUCATE AND INFORM MEMBERS ABOUT REAL ESTATE ETHICS AND OTHER ISSUES TO HELP ENABLE AN ORDERLY MARKETPLACE FOR REAL ESTATE TRANSACTIONS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-0413700
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,342,030
Income (IRS master file)
$6,276,619

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,582,964$5,830,511$12,342,030XML
990December 2023$5,631,050$5,327,623$11,919,169XML
990December 2022$5,421,036$4,769,394$11,833,100IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0413700).

Questions about MIBOR REALTOR ASSOCIATION INC

What is the EIN of MIBOR REALTOR ASSOCIATION INC?
The employer identification number (EIN) of MIBOR REALTOR ASSOCIATION INC is 35-0413700.
Is MIBOR REALTOR ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1985.
Are donations to MIBOR REALTOR ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MIBOR REALTOR ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MIBOR REALTOR ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MIBOR REALTOR ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MIBOR REALTOR ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names SHELLEY SPECCHIO.
Who are the officers and directors of MIBOR REALTOR ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 17 people; 5 received compensation from the organization, the highest $350,099 (SHELLEY SPECCHIO, CEO).
How much revenue does MIBOR REALTOR ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,582,964, expenses of $5,830,511 and total assets of $12,342,030 at year end.

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