Nonprofit · EIN 39-1157870
THE LAKES AREA REALTORS ASSOCIATION INC
Also known as LAKES AREA REALTORS ASSOCIATION
Tax-exempt · ELKHORN, WI 53121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $216,272 | $222,724 | -$6,452 | $269,936 | $0 | $269,936 |
| December 31, 2023 | 990-EZ | $196,304 | $211,785 | -$15,481 | $297,359 | $20,971 | $276,388 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $193,840
- Membership dues
- $192,090
- Program service revenue
- $17,285
- Investment income
- $5,147
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,902
- Salaries, compensation and benefits (total)
- $98,311
- Professional fundraising fees
- $0
- Legal fees
- $913
- Accounting fees
- $2,439
- Occupancy
- $11,870
- Travel
- $733
- Depreciation
- $819
- Program services (functional)
- $222,724
Balance sheet and other
- Total assets, start of year
- $297,359
- Total assets, end of year
- $269,936
- Total liabilities, end of year
- $0
- Net assets, end of year
- $269,936
- Land, buildings and equipment
- $20,029
- Gross receipts
- $216,272
- Employees
- 1
- Volunteers
- 25
- Year formed
- 1971
- State of legal domicile
- WI
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Denise Schultz | CEO Highest-paid employee | 40 | $90,902 |
| Kelsey Isham | Director Trustee or director | 0 | $0 |
| Andy Szymanskyj | Director Trustee or director | 0 | $0 |
| Dawn Zurick | Director Trustee or director | 0 | $0 |
| Patti Zurla | President Officer | 1 | $0 |
| Brian Labahn | President Elect Officer | 0 | $0 |
| Kathie Allen | Past President Officer | 0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rick Gleason | President | 1 | $0 |
| Kathie Allen | President Elect | 0 | $0 |
| Kyle Scott | SecretaryTreasurer | 0 | $0 |
| Dawn Demarco | Director | 0 | $0 |
| Tyler Meyer | Director | 0 | $0 |
| Becky Kirchner | Director | 0 | $0 |
| Carrie Douglas | Director | 0 | $0 |
| Pat Moore | Director | 0 | $0 |
| Mike Culat | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1560 N COUNTRY CLUB PARKWAY SUITE C, ELKHORN, WI 53121-3999
- In care of
- % DENISE SCHULTZ
- Signed the 990
- DENISE SCHULTZ, CEO
- Phone
- (262) 723-6851
- Website
- www.lakesrealtors.com
- Return prepared by
- AIM Tax & Accounting Services Inc
Mission
Advocate for REALTORS and Prop ownersThe Lakes Area REALTORS Association is a regional advocate forREALTORS and property owners.
Program accomplishments
- The Lakes Area REALTORS Association is a regional advocate for REALTORS and property owners.Expenses $222,724 · revenue $216,272
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 39-1157870
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $269,936
- Income (IRS master file)
- $216,272
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $216,272 | $222,724 | $269,936 | IRS |
| 990-EZ | December 2023 | $196,304 | $211,785 | $297,359 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 39-1157870).
Questions about THE LAKES AREA REALTORS ASSOCIATION INC
- What is the EIN of THE LAKES AREA REALTORS ASSOCIATION INC?
- The employer identification number (EIN) of THE LAKES AREA REALTORS ASSOCIATION INC is 39-1157870.
- Is THE LAKES AREA REALTORS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2016.
- Are donations to THE LAKES AREA REALTORS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does THE LAKES AREA REALTORS 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 THE LAKES AREA REALTORS 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 THE LAKES AREA REALTORS 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 are the officers and directors of THE LAKES AREA REALTORS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $90,902 (Denise Schultz, CEO).
- How much revenue does THE LAKES AREA REALTORS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $216,272, expenses of $222,724 and total assets of $269,936 at year end.
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All nonprofits in ELKHORN · Wisconsin · Community improvement and capacity building