2025-04-30T12:00:08-04:00 2023-12-31 WITHUMSMITHBROWNPC 200 S ORANGE AVESTE 1200 ORLANDO FL 328013400 990 2023-01-01 591627621 REALTORS ASSOCIATION OF LAKE & SUMTER COUNTIES INC % STEVE MCDONALD REAL 3523433003 3001 STATE ROAD 19 TAVARES FL 32778 Steve McDonald CEO 3523433003 2025-05-01 true true RAY D BASTIN CPA P01972806 4078491569 2024-05-01 2023 2025-03-06 01:10:19Z Steve McDonald 3001 STATE ROAD 19 TAVARES FL 32778 1377305 false X WWW.RALSC.ORG X 1971 FL To unite those engaged in the recognized branches of the real estate profession. 14 14 13 14 450575 6620 2950 9737 1181602 1321373 18840 24228 3365 21967 1206757 1377305 0 0 0 0 631055 783548 0 0 0 821823 826644 1452878 1610192 -246121 -232887 2264873 2376849 903676 1161042 1361197 1215807 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 19 0 true 13 true true true false false false false false false false X 14 14 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 Steve McDonald ceo 40.0 0.0 X 147439 0 0 Carolyn M Maimone President 8.0 0.0 X X 0 0 0 Geoffrey Chernault President Elect 8.0 0.0 X X 0 0 0 VIVIENNE E CUNNINGHAM Vice President 4.0 0.0 X X 0 0 0 Mark Dyer Treasurer 4.0 0.0 X X 0 0 0 Connie Mahan DIRECTOR 1.0 0.0 X 0 0 0 MARY TRISH LEISNER DIRECTOR 1.0 0.0 X 0 0 0 Thomas Clark Director 1.0 0.0 X 0 0 0 APRIL RAGER KIRKLAND DIRECTOR 1.0 0.0 X 0 0 0 Vickie Lingerfelt 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 Robbie Showmaker Director 1.0 0.0 X 0 0 0 Billie Faye Smith DIRECTOR 1.0 0.0 X 0 0 0 Kara Wisely DIRECTOR 1.0 0.0 X 0 0 0 147439 0 0 1 false false false 0 9737 9737 MEMBERSHIP FEES 813920 786255 786255 MLS PARTICIPATION FEES 531390 362522 362522 MLS ANNUAL SHAREHOLDER DIVIDEND 531390 88053 88053 SUPRA ADMIN FEES 813920 40996 40996 EDUCATION 813920 36036 36036 7511 7511 1321373 24228 24228 0 0 0 0 0 0 0 0 0 0 0 0 21967 0 21967 21967 0 1377305 870798 450575 46195 0 0 0 0 147439 0 428954 0 148933 58222 0 2792 64696 0 0 0 3300 0 240986 60722 0 166577 37914 0 225497 11015 0 0 13145 1610192 330599 443095 4404 4285 0 0 5941 6197 0 0 0 0 0 0 13679 63348 77802 25797 1549846 609585 901179 940261 870654 834597 0 0 0 0 0 0 60615 59269 2264873 2376849 284979 154199 0 0 594121 982267 0 0 0 0 0 0 0 0 0 0 24576 24576 903676 1161042 X 1361197 1215807 0 0 1361197 1215807 2264873 2376849 -232887 101206 -13709 X false true X true false false true false 138337 138337 1079587 390837 688750 331922 218748 113174 940261 0 LEASE LIABILITY - OPERATING 24576 24576 X 1478511 101206 101206 1377305 1377305 1610192 1610192 1610192 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 2023 on unrelated business income. 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. Form 990, Part XI, Line 8 The 2022 Form 990 was filed before the audited financial statement was issued. A prior period adjustment of $(13,709) was included in this return to reconcile the net assets with the amount presented in the audited financial statements.