2023-09-11T07:16:28-05:00 2022-12-31 592369629 CARR RIGGS & INGRAM LLC 215 BAYTREE DRIVE MELBOURNE FL 32940 990 2022-01-01 231250368 SPACE COAST ASSOCIATION OF REALTORS INC SPAC 3212422211 2950 PINEDA PLAZA WAY PALM SHORES FL 32940 LINDSEY RUSCHAK CHIEF EXECUTIVE OFFICER (1/1/23) 3214529490 2023-09-01 1 LINDSEY RUSCHAK 999009999 0 ROMAN G CARRAWAY CPA P00448173 3212550088 2023-08-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSEY RUSCHAK 2950 PINEDA PLAZA WAY MELBOURNE FL 32940 4223669 0 X WWW.SPACE321.COM X 1959 FL PROFESSIONAL TRADE ASSOCIATION PROVIDING SERVICES TO LOCAL REAL ESTATE PROFESSIONALS. 14 14 17 300 2748757 397467 168750 0 3493649 3690411 13196 16167 423735 376001 4099330 4082579 0 0 0 0 1238722 1174452 0 0 0 2385771 2798161 3624493 3972613 474837 109966 8484012 8426221 3086317 3079175 5397695 5347046 PROFESSIONAL TRADE ASSOCIATION PROVIDING SERVICES TO LOCAL REAL ESTATE PROFESSIONALS. 0 0 PROVIDE COMMUNICATION, CONTINUING EDUCATION, SUPPLIES, MULTIPLE LISTING SERVICES AND MATERIALS, AND RELATED SERVICES TO ALL BREVARD COUNTY REALTORS; MONITOR REALTOR ETHICS AND GOVERNMENT AFFAIRS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 21 0 1 17 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X LINDSEY RUSCHAK 3212422211 2950 PINEDA PLAZA WAY PALM SHORES FL 32940 PATRICIA WEEKS IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 LEAH M SELIG CHIEF EXECUTIVE OFFICER 37.50 X X 226077 0 6360 KERRY RAMAGE TREASURER 3.00 X X 0 0 0 TAMMY CRISAFULLI SECRETARY 2.00 X X 0 0 0 JIM BRITTON PRESIDENT 3.00 X X 0 0 0 MICHAEL ARTELLI EX-OFFICIO 2.00 X 0 0 0 NANCY BARTLETT PRESIDENT ELECT 2.00 X 0 0 0 MITCH RIBAK DIRECTOR 2.00 X 0 0 0 OMAR CAPELLAN DIRECTOR 2.00 X 0 0 0 RUSTY MELLE DIRECTOR 2.00 X 0 0 0 DONNA TIDWELL DIRECTOR 2.00 X 0 0 0 ROBIN TURNER DIRECTOR 2.00 X 0 0 0 TRACY HUDSON-FRANTZIS DIRECTOR 2.00 X 0 0 0 STEVE ROMANO DIRECTOR 2.00 X 0 0 0 LINDSEY RUSCHAK SENIOR EXECUTIVE 37.50 X 102637 0 3021 328714 0 9381 2 0 1 0 0 MEMBERSHIP DUES & FEES 531390 3633039 1236646 2396393 EDUCATION 531390 57372 57372 3690411 10688 10688 18628 18628 17534 41906 -24372 -24372 -24372 5479 0 5479 5479 5479 94799 99184 -4385 -4385 SAVVY CARD REVENUE 531390 248204 248204 LATE FEES, SPECIAL EVENTS, CREDIT 531390 137926 52394 85532 386130 4082579 1342027 2748757 -8205 X 232437 846081 19470 76464 10000 3807 43748 48211 82396 18964 83423 80604 272987 158860 INCOME TAXES 94000 MLS ACCESS FEES 860365 MEMBER SERVICES 304274 SAVVY CARD 248204 488318 3972613 2053297 2292864 817524 696803 46152 54286 57782 23200 32263 93918 5670703 1221994 4552474 4448709 887419 716952 37101 99489 8484012 8426221 334202 385820 944525 856339 1752590 1676202 55000 160814 3086317 3079175 X 5397695 5347046 5397695 5347046 8484012 8426221 109966 -160615 0 X 0 1 X 1 0 0 0 0 998778 10000 10000 0 10000 PART III-B, LINE 2A THE ORGANIZATION PAID $10,000 OF LOBBYING EXPENDITURES TO THE FLORIDA REALTORS PAC IN 2022. 1018552 1018552 3777360 564486 3212874 874791 657508 217283 4448709 CHARLES SCHWAB MUTUAL FUND 716952 F 716952 DEFERRED TAX LIABILITY 44000 COPIER LEASE LIABILITY 116814 160814 X 4229707 -160615 166653 6038 4223669 -141090 -141090 4082579 4265167 296361 296361 3968806 3807 3807 3972613 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. THEREFORE, ONLY INCOME FROM BUSINESS UNRELATED TO THE ORGANIZATION'S CHARITABLE PURPOSE IS SUBJECT TO FEDERAL OR STATE INCOME TAX. THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. AS OF DECEMBER 31, 2022, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE ORGANIZATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION REVENUE 170,460. INVESTMENT ADVISOR FEES NETTED IN AUDIT INVESTMENT REVENUE -3,807. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE ON AUDIT FUNCTIONAL EXPENSES -41,906. COST OF GOODS SOLD ON AUDIT FUNCTIONAL EXPENSES -99,184. PART XII, LINE 2D - OTHER ADJUSTMENTS: FOUNDATION EXPENSES 155,271. RENTAL EXPENSES ON 990, PART VIII REVENUE 41,906. COST OF GOODS SOLD ON 990, PART VIII REVENUE 99,184. X X X X 0 0 0 LEAH M SELIG CHIEF EXECUTIVE OFFICER 212000 0 14077 0 0 0 6360 0 0 0 232437 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A AN ANNUAL ELECTION IS HELD EVERY SEPTEMBER. CANDIDATES FOR THE BOARD SUBMIT A RESUME WHICH IS POSTED WITH THE BALLOT. MEMBERS VOTE ELECTRONICALLY. FORM 990, PART VI, SECTION A, LINE 7B RECOMMENDATIONS OF THE BOARD THAT ARE SUBJECT TO MEMBERSHIP APPROVAL ARE SUBMITTED TO THE MEMBERSHIP, CLEARLY STATING WHAT THE MEMBERS ARE VOTING ON. EACH MEMBER IS ENTITLED TO ONE VOTE. A QUORUM OF 10% IS REQUIRED TO CONDUCT THE VOTE. UNLESS OTHERWISE STATED IN THE BYLAWS, A SIMPLE MAJORITY OF THE VOTES CAST IS REQUIRED FOR THE RECOMMENDATION TO BE APPROVED. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE OFFICER RECEIVES THE FORM 990 FROM THE OUTSIDE ACCOUNTING FIRM, REVIEWS THE INFORMATION AND SIGNS THE FORM GIVING THE TAX RETURN PREPARER THE AUTHORIZATION TO FILE THE TAX RETURN ELECTRONICALLY. A COPY OF THE FORM 990 IS KEPT IN THE OFFICE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD OF DIRECTORS' MEETING, THE PRESIDENT READS A CONFLICT OF INTEREST STATEMENT. AT THAT TIME EACH DIRECTOR WITH A KNOWN CONFLICT WOULD DISCLOSE THAT CONFLICT AND THE DIRECTORS WOULD VOTE WHETHER IT IS AN ACTUAL CONFLICT OR NOT. IF IT IS DETERMINED TO BE A CONFLICT OF INTEREST, THAT DIRECTOR WOULD NOT PARTICIPATE IN ANY DISCUSSION RELATIVE TO THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 EVERY THREE YEARS THE BOARD OF DIRECTORS REVIEWS THE EMPLOYMENT CONTRACT OF THE CEO. DURING THAT PROCESS THE SALARY OF THE CEO IS REVIEWED AND BASED ON HISTORICAL JOB PERFORMANCE AND SALARY STATISTICS FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AND/OR SALARY STATISTICS FROM THE NATIONAL ASSOCIATION OF REALTORS AND/OR FLORIDA ASSOCIATION OF REALTORS. ON AN ANNUAL BASIS THE BUDGET AND FINANCE COMMITTEE RECOMMENDS TO THE BOARD OF DIRECTORS COST OF LIVING ADJUSTMENTS TO THE CEO SALARY PURSUANT TO THE EMPLOYMENT CONTRACT. ALL SALARY ADJUSTMENTS ARE REVIEWED AND APPROVED BY THE BUDGET AND FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. THE CEO REVIEWS OFFICER AND KEY EMPLOYEE PERFORMANCE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE ON THE ASSOCIATION'S WEBSITE. THE PREVIOUS 3 YEARS' IRS FORM 990 ARE AVAILABLE IN A BINDER FOR INSPECTION UPON REQUEST. PUBLIC INSPECTION OF OTHER FINANCIAL STATEMENTS ARE AVAILABLE BY WRITTEN REQUEST OF THE PARTY, SUBJECT TO ADVICE OF CPA AND ATTORNEY. FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE 208,195. MERCHANT SERVICE FEES 95,138. TAXES 41,268. COMMITTEES 39,107. MISCELLANEOUS 34,800. TELEPHONE 31,305. IMAPP FEES 31,248. LEASED EQUIPMENT 4,076. SECURITY SYSTEM 2,479. SUBSCRIPTIONS & DUES 702. SPACE COAST ASSOCIATION OF REALTORS FOUNDATION INC 2950 PINEDA PLAZA WAY PALM SHORES FL 32940 475299249 CHARITABLE FL 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0