Educational and maketing services to non-franchised independent realtors in the new england area

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
-7% vs prior year
Spent
$64K
Net assets
$93K
By yearFY2020–FY2024
Revenue
$66K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$109K
FY2021$127K
FY2022$79K
FY2023$71K
FY2024$66K
Expenses
$64K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$137K
FY2021$87K
FY2022$84K
FY2023$63K
FY2024$64K
Net assets
$93K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$50K
FY2021$89K
FY2022$84K
FY2023$91K
FY2024$93K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Education Chair
$0Pt VII · Sec A
Marketing and Technology Chair
$0Pt VII · Sec A

Erin Herzog’s $18K as Executive Director is at the 51st percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Erin Herzog$18,000$31,650$3,390

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Realty Guild INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers independent New England realtors with education and marketing support.

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1 program · in their own filed words · FY2024
01

Educational meetings for the independent real estate agents

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$66K
Ln 12
Fees for servicesLn 2g$63K
Investment incomeLn 3$3K
Money outPt IX
$64K
Ln 25
Owns and owesPt X
$93K
net assets · Ln 32
Cash and savingsLn 1–2$91K
Total assetsLn 16$93K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$63K
Investment incomeLn 3$3K
Total revenueLn 12$66K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$86K
Cash and savings togetherLn 1–2$91K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$93K
LiabilitiesLn 26$0
Net assetsLn 32$93K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$90K$91K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$91K$93K
LiabilitiesLn 26$93$0
Net assetsLn 32$91K$93K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$1K
Office expensesLn 13$710
Information technologyLn 14$3K
Conferences, conventions and meetingsLn 19$15K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$37K
All other expensesLn 24e$2K
Total functional expensesLn 25$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $66K$64K$1K$93K 990 PDF
FY2023 $71K$63K$8K$91K 990 PDF
FY2022 $79K$84K−$6K$84K 990 PDF
FY2021 $127K$87K$39K$89K 990 PDF
FY2020 $109K$137K−$29K$50K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $65,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $68,942$62,726
I-10 Investment incomePrior year $1,931$3,058
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $70,873$65,784
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $63,179$64,358
I-18 Total expensesPrior year $63,179$64,358
I-19 Revenue less expensesPrior year $7,694$1,426
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $65,784 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $62,726$62,726
VIII-3 Investment incomeExcluded from tax $3,058$3,058
VIII-12 Total revenueRelated to mission $62,726 · Unrelated business $0 · Excluded from tax $3,058$65,784
Part IX · Statement of functional expenses $64,358 across 8 lines filed
IX-11g Other fees for services$4,873
IX-12 Advertising and promotion$1,200
IX-13 Office expenses$710
IX-14 Information technology$2,647
IX-19 Conferences, conventions and meetings$14,740
IX-23 Insurance$1,130
IX-24 Other expenses (24a–d)$36,568
IX-24e All other expenses$2,490
IX-25 Total functional expenses$64,358
Part X · Balance sheet $92,661 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $17,083$5,496
X-2 Savings and temporary cash investmentsStart of year $72,539$85,597
X-4 Accounts receivableStart of year $1,706$1,568
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $91,328$92,661
X-25 Other liabilitiesStart of year $93$0
X-26 Total liabilitiesStart of year $93$0
X-27 Net assets without donor restrictionsStart of year $91,235$92,661
X-32 Total net assets or fund balancesStart of year $91,235$92,661
X-33 Total liabilities and net assetsStart of year $91,328$92,661
Part XI · Reconciliation of net assets $92,661 net assets at year end
XI-1 Total revenue$65,784
XI-2 Total expenses$64,358
XI-3 Revenue less expenses$1,426
XI-4 Net assets at start of year$91,235
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$92,661

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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