2024-02-13T11:01:32-06:00 2022-12-31 WITHUMSMITHBROWNPC 200 S ORANGE AVESTE 1200 ORLANDO FL 328013400 990 2022-01-01 591627621 REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC % STEVE MCDONALD REAL 3523433003 3001 STATE ROAD 19 TAVARES FL 32778 Steve McDonald CEO 3523433003 2024-02-15 true Steve McDonald 999009999 RAY D BASTIN CPA P01972806 4078491569 2024-02-15 2 2022 2023-04-26 12:10:37Z Steve McDonald 3001 STATE ROAD 19 TAVARES FL 32778 1224973 false X WWW.RALSC.ORG X 1971 FL To unite those engaged in the recognized branches of the real estate profession. 16 16 15 16 392350 0 181861 2950 1115159 1181602 19950 18840 3738 3365 1320708 1206757 0 0 0 0 627964 631055 0 0 0 613992 821823 1241956 1452878 78752 -246121 2340061 2264873 610073 903676 1729988 1361197 TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION. false false 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". false false false true false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 5 0 true 15 true true true false false false false false false false X 16 16 false false false false true true true true true false false true true true true true true true true false X STEVE MCDONALD 3523433003 3001 STATE ROAD 19 TAVARES FL 32778 Josh Summers CEO - Past 40.0 0.0 X 83654 0 0 Steve McDonald CEO 40.0 0.0 X 57692 0 0 Addie Owens Director 1.0 0.0 X 0 0 0 April Rager Kirkland Past-President 2.0 0.0 X X 0 0 0 Mary Trish Leisner President 8.0 0.0 X X 0 0 0 Carolyn M Maimone President-Elect 8.0 0.0 X X 0 0 0 Rob Crawford Vice President 4.0 0.0 X X 0 0 0 Vivienne E Cunningham Director 1.0 0.0 X 0 0 0 Mark Dyer Director 1.0 0.0 X 0 0 0 Vickie Lingerfelt Director 1.0 0.0 X 0 0 0 Connie Mahan Director 1.0 0.0 X 0 0 0 Ken Roberts Director 1.0 0.0 X 0 0 0 Robert Shoemaker Director 1.0 0.0 X 0 0 0 Kara Wisely Treasurer 4.0 0.0 X X 0 0 0 Geoffrey Chernault Director 1.0 0.0 X 0 0 0 Greg Nacke Director 1.0 0.0 X 0 0 0 Melissa Samar Director 1.0 0.0 X 0 0 0 Billie Faye Smith Director 1.0 0.0 X 0 0 0 141346 0 0 0 false false false 0 2950 2950 MEMBERSHIP FEES 813920 722526 722526 MLS PARTICIPATION FEES 531390 344492 344492 EDUCATION 813920 22145 22145 SUPRA ADMIN FEES 813920 30792 30792 MLS ANNUAL SHAREHOLDER DIVIDEND 531390 47858 47858 13789 13789 1181602 18840 18840 0 0 0 0 0 0 0 0 0 0 0 0 21581 18216 3365 3365 0 1206757 789252 392350 22205 0 0 0 0 141346 0 340456 0 107624 41629 0 2241 37950 0 0 0 15919 0 266674 64079 0 76327 43529 0 246324 0 0 57703 11077 1452878 356262 330599 14483 4404 0 0 7962 5941 0 0 0 0 0 0 7742 13679 72836 77802 1510764 609585 907048 901179 959972 870654 0 0 0 0 0 0 13756 60615 2340061 2264873 140669 284979 0 0 469404 594121 0 0 0 0 0 0 0 0 0 0 0 24576 610073 903676 X 1729988 1361197 0 0 1729988 1361197 2340061 2264873 -246121 -122670 X false true X true false false true false 138337 138337 1079325 390837 688488 293102 218748 74354 901179 0 LEASE LIABILITY - OPERATING 24576 24576 X 1102303 -122670 18216 -104454 1206757 1206757 1471094 18216 18216 1452878 1452878 Part X, Line 2 Income Tax Status The Association is a not-for-profit organization and is exempt from federal income tax under Section 501(c)(6) of the Internal Revenue Code. Unrelated business income from trade or business that is regularly carried on and not substantially related to the Association's exempt purpose is reported for federal income tax purposes. Deductions directly associated with the income are taken and allocations of expenses are made between exempt functions and the unrelated business activities. Any net income from unrelated business activities is subject to income taxes at regular corporate tax rates. Unrelated business activities are newsletter advertising and operations of the multiple listing service center agreement. There was no income tax expense in 2022 on unrelated business income. Schedule D, Part XI, Line 2d Cost of Goods Sold included on Form 990, Part VIII, Line 10b: $18,216 Schedule D, Part XII, Line 2d Cost of Goods Sold included on Form 990, Part VIII, Line 10b: $18,216 Form 990, Part VI, Line 6 Organization is a member association. Form 990, Part VI, Line 7a Membership nominates and votes for directors. Form 990, Part VI, Line 7b Changes in organizational documents requires membership approval. Form 990, Part VI, Line 11b The board has hired an outside public accountant to provide year end adjustments, full disclosure compiled financial statements, and tax return preparation services. Management reviews and accepts the adjustments, financial statements, and tax returns. Each member of the governing board has an opportunity to review the information before filing. Form 990, Part VI, Line 12c Annual written conflicts disclosures are formally reviewed by the board. Form 990, Part VI, Line 15a & 15b Board of directors executive committee performs a review of CEO and negotiated contract and compensation. CEO determines compensation of all other employees as approved by the finance committee and board of directors. Form 990, Part VI, Line 19 Governing documents, conflict of interest policy, and financial statements are on file at the administrative office and are available upon request. The organization also maintains copies on its website.