Nonprofit · EIN 63-1007808
LAKE MARTIN AREA ASSOCIATION OF REALTORS INC
Tax-exempt · ALEX CITY, AL 35010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $115,312 | $120,907 | -$5,595 | $791,248 | $46,255 | $744,993 |
| December 31, 2023 | 990 | $167,262 | $121,037 | $46,225 | $786,500 | $50,997 | $735,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $95,678
- Investment income
- $13,454
- Net gain from sales of assets
- $1,798
- Other revenue
- $6,180
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,050
- Occupancy
- $5,308
- Travel
- $3,850
- Depreciation
- $11,466
- Program services (functional)
- $120,907
Balance sheet and other
- Total assets, start of year
- $786,500
- Total assets, end of year
- $791,248
- Total liabilities, end of year
- $46,255
- Net assets, end of year
- $744,993
- Land, buildings and equipment
- $242,980
- Publicly traded securities
- $194,127
- Net assets without donor restrictions
- $744,993
- Gross unrelated business income
- $22,500
- Gross receipts
- $139,597
- Employees
- 0
- Year formed
- 1990
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 |
|---|---|---|---|
| JOHN FRANKLIN | PRESIDENT Trustee or director, Officer | – | $0 |
| NANCY PEMBERTON | VICE PRESIDE Trustee or director, Officer | – | $0 |
| RHONDA GASKINS | TREASURER/SE Trustee or director, Officer | – | $0 |
| BONNIE WILSON | DIRECTOR AT Trustee or director, Officer | – | $0 |
| HALEY MCKELVEY | PAST PRESIDE Trustee or director, Officer | – | $0 |
| TRICIA YOUNG | DIRECTOR Trustee or director | – | $0 |
| ALLISON BAZZELL | DIRECTOR Trustee or director | – | $0 |
| RHONDA JAYE | DIRECTOR Trustee or director | – | $0 |
| WEIL THOMBERG | DIRECTOR Trustee or director | – | $0 |
| ANDY MOORE | DIRECTOR Trustee or director | – | $0 |
| SCOTT BLAKE | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HALEY MCKELVEY | PRESIDENT Trustee or director, Officer | – | $0 |
| DREW WILDER | PRESIDENT-EL Trustee or director, Officer | – | $0 |
| JOHN FRANKLIN | TREASURER Trustee or director, Officer | – | $0 |
| NANCY PEMBERTON | SECRETARY Trustee or director, Officer | – | $0 |
| SAMANTHA SPURLIN | PAST PRESIDE Trustee or director, Officer | – | $0 |
| SCOTT BLAKE | DIRECTOR Trustee or director | – | $0 |
| SHERRY WILLIS | DIRECTOR Trustee or director | – | $0 |
| JESSICA LOCKE | DIRECTOR Trustee or director | – | $0 |
| JIMMY BAKER | DIRECTOR Trustee or director | – | $0 |
| ANGELA VAN HOUTEN | DIRECTOR Trustee or director | – | $0 |
| ALLISON BAZZELL | DIRECTOR Trustee or director | – | $0 |
| WEIL THOMBERG | DIRECTOR Trustee or director | – | $0 |
| LEE MCWATERS | DIRECTOR Trustee or director | – | $0 |
| RHONDA JAYE | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 260 CHURCH ST, ALEX CITY, AL 35010-2516
- Principal officer (990 for 2024)
- JOHN FRANKLIN, 878 RED HILL ROAD, ECLECTIC, AL 36024
- Signed the 990
- NANCY PEMBERTON, VICE PRESIDENT
- Phone
- (256) 234-7522
- Return prepared by
- HARE & DUNLAP CPA GROUP PC
Mission
TO PROMOTE THE PROFESSION OF REALTORS
Program accomplishments
- UNITE THOSE IN THE REAL ESTATE PROFESSION, PROMOTE ETHICS, AND FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP.
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
- 63-1007808
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $791,248
- Income (IRS master file)
- $139,597
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $115,312 | $120,907 | $791,248 | IRS |
| 990 | December 2023 | $167,262 | $121,037 | $786,500 | XML |
| 990 | December 2022 | $195,688 | $142,915 | $720,688 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 63-1007808).
Questions about LAKE MARTIN AREA ASSOCIATION OF REALTORS INC
- What is the EIN of LAKE MARTIN AREA ASSOCIATION OF REALTORS INC?
- The employer identification number (EIN) of LAKE MARTIN AREA ASSOCIATION OF REALTORS INC is 63-1007808.
- Is LAKE MARTIN AREA ASSOCIATION OF REALTORS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to LAKE MARTIN AREA ASSOCIATION OF REALTORS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE MARTIN AREA ASSOCIATION OF REALTORS 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 LAKE MARTIN AREA ASSOCIATION OF REALTORS 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 LAKE MARTIN AREA ASSOCIATION OF REALTORS 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 LAKE MARTIN AREA ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2024 names JOHN FRANKLIN.
- Who are the officers and directors of LAKE MARTIN AREA ASSOCIATION OF REALTORS INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does LAKE MARTIN AREA ASSOCIATION OF REALTORS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $115,312, expenses of $120,907 and total assets of $791,248 at year end.
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