Nonprofit · EIN 59-1627621
REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC
Tax-exempt · TAVARES, FL 32778
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,505,735 | $1,533,331 | -$27,596 | $3,276,644 | $2,001,720 | $1,274,924 |
| December 31, 2023 | 990 | $1,377,305 | $1,610,192 | -$232,887 | $2,376,849 | $1,161,042 | $1,215,807 |
| December 31, 2022 | 990 | $1,206,757 | $1,452,878 | -$246,121 | $2,264,873 | $903,676 | $1,361,197 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,459,197
- Investment income
- $20,976
- Net income from sales of inventory
- $25,562
- Other revenue
- $25,562
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $237,750
- Other salaries and wages
- $350,341
- Salaries, compensation and benefits (total)
- $765,447
- Professional fundraising fees
- $0
- Legal fees
- $4,450
- Accounting fees
- $39,138
- Occupancy
- $182,382
- Travel
- $35,741
- Depreciation
- $12,933
Balance sheet and other
- Total assets, start of year
- $2,376,849
- Total assets, end of year
- $3,276,644
- Total liabilities, end of year
- $2,001,720
- Net assets, end of year
- $1,274,924
- Land, buildings and equipment
- $945,977
- Publicly traded securities
- $955,947
- Net assets without donor restrictions
- $1,274,924
- Gross unrelated business income
- $452,510
- Gross receipts
- $1,505,735
- Employees
- 12
- Volunteers
- 15
- Year formed
- 1971
- State of legal domicile
- FL
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 |
|---|---|---|---|
| STEVE MCDONALD | chief Executive officer Officer | 40 | $140,000 |
| Elijah Jennings | CHIEF FINANCIAL OFFICER Officer | 40 | $97,750 |
| Vivienne E Cunningham | President Trustee or director, Officer | 8 | $0 |
| Mark Dyer | President Elect Trustee or director, Officer | 8 | $0 |
| Geoffrey Chernault | Past President Trustee or director, Officer | 8 | $0 |
| Carolyn M Maimone | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| Julie Nay Gordon | TREASURER Trustee or director, Officer | 4 | $0 |
| Renee Gigi Capria | Director Trustee or director | 1 | $0 |
| Valerie Barber | Director Trustee or director | 1 | $0 |
| ROBBIE SHOWMAKER | Director Trustee or director | 1 | $0 |
| Al Spry | Director Trustee or director | 1 | $0 |
| Kimberly Cook | Director Trustee or director | 1 | $0 |
| Lisa Pownall | Director Trustee or director | 1 | $0 |
| Leslie Hanson Rotarius | Director Trustee or director | 1 | $0 |
| Thomas Clark | Director (thru 12/2024) Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| April Kirkland | Director (thru 12/2024) Trustee or director | 1 | $0 |
| Missy Conway | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steve McDonald | ceo Officer | 40 | $147,439 |
| Carolyn M Maimone | President Trustee or director, Officer | 8 | $0 |
| Geoffrey Chernault | President Elect Trustee or director, Officer | 8 | $0 |
| VIVIENNE E CUNNINGHAM | Vice President Trustee or director, Officer | 4 | $0 |
| Mark Dyer | Treasurer Trustee or director, Officer | 4 | $0 |
| Connie Mahan | DIRECTOR Trustee or director | 1 | $0 |
| MARY TRISH LEISNER | DIRECTOR Trustee or director | 1 | $0 |
| Thomas Clark | Director Trustee or director | 1 | $0 |
| APRIL RAGER KIRKLAND | DIRECTOR Trustee or director | 1 | $0 |
| Vickie Lingerfelt | DIRECTOR Trustee or director | 1 | $0 |
| Greg Nacke | Director Trustee or director | 1 | $0 |
| Melissa Samar | DIRECTOR Trustee or director | 1 | $0 |
| Robbie Showmaker | Director Trustee or director | 1 | $0 |
| Billie Faye Smith | DIRECTOR Trustee or director | 1 | $0 |
| Kara Wisely | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Josh Summers | CEO - Past Officer | 40 | $83,654 |
| Steve McDonald | CEO Officer | 40 | $57,692 |
| Addie Owens | Director Trustee or director | 1 | $0 |
| April Rager Kirkland | Past-President Trustee or director, Officer | 2 | $0 |
| Mary Trish Leisner | President Trustee or director, Officer | 8 | $0 |
| Carolyn M Maimone | President-Elect Trustee or director, Officer | 8 | $0 |
| Rob Crawford | Vice President Trustee or director, Officer | 4 | $0 |
| Vivienne E Cunningham | Director Trustee or director | 1 | $0 |
| Mark Dyer | Director Trustee or director | 1 | $0 |
| Vickie Lingerfelt | Director Trustee or director | 1 | $0 |
| Connie Mahan | Director Trustee or director | 1 | $0 |
| Ken Roberts | Director Trustee or director | 1 | $0 |
| Robert Shoemaker | Director Trustee or director | 1 | $0 |
| Kara Wisely | Treasurer Trustee or director, Officer | 4 | $0 |
| Geoffrey Chernault | Director Trustee or director | 1 | $0 |
| Greg Nacke | Director Trustee or director | 1 | $0 |
| Melissa Samar | Director Trustee or director | 1 | $0 |
| Billie Faye Smith | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3001 STATE ROAD 19, TAVARES, FL 32778-4224
- In care of
- % STEVE MCDONALD
- Principal officer (990 for 2024)
- Steve McDonald, 3001 STATE ROAD 19, TAVARES, FL 32778
- Signed the 990
- Steve McDonald, CEO
- Phone
- (352) 343-3003
- Website
- WWW.RALSC.ORG
- Return prepared by
- WITHUMSMITHBROWNPC
Mission
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION.
Program accomplishments
- To unite those engaged in the recognized branches of the real estate business. To provide a unified medium for real estate owners. To promote and maintain high standards of conduct. To protect and promote welfare of real estate. to unite with far and nar. to designate those persons authorized to use the trade term "realtor".
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 on file |
IRS record
- EIN
- 59-1627621
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $3,276,644
- Income (IRS master file)
- $1,505,735
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,505,735 | $1,533,331 | $3,276,644 | IRS |
| 990 | December 2023 | $1,377,305 | $1,610,192 | $2,376,849 | IRS |
| 990 | December 2022 | $1,206,757 | $1,452,878 | $2,264,873 | XML |
| 990 | December 2021 | $1,320,708 | $1,241,956 | $2,340,061 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 59-1627621).
Questions about REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC
- What is the EIN of REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC?
- The employer identification number (EIN) of REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC is 59-1627621.
- Is REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES 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 REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES 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 REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES 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 REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC?
- The 990 for the year ended December 31, 2024 names Steve McDonald.
- Who are the officers and directors of REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 2 received compensation from the organization, the highest $140,000 (STEVE MCDONALD, chief Executive officer).
- How much revenue does REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,505,735, expenses of $1,533,331 and total assets of $3,276,644 at year end.
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