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Montgomery County Association

Malvern, PAUnknown exempt organizationEIN 23-1880187

The montgomery county association of realtors is the leading local advocate for professionalism and integrity in real estate. Mcar provides the resources necessary to advance members' education, encourage and enforce ethical business practices, preserve private property rights and strengthen the communities IT serves.

$157K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Pay to officers and key staff
$157K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$968K
Spent
$730K
Net assets
$0

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Who runs it and what they're paid

20 people listed on the 990; $157K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gail J Fusco
Executive Officer
$157,195Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Morsa
Secretary/Treasurer
$0Pt VII · Sec A
See Montgomery County Association 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

Advocates for ethical real estate, educates members, and preserves property rights.

Provided by the organization

This section is blank until Montgomery County Association claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

Educational, promotional & similar activities for the professional & business development of member realtors.

Pt IX · col B

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$968K
Ln 12
Fees for servicesLn 2g$637K
Other incomeLn 4–11$316K
Investment incomeLn 3$15K
Money outPt IX
$730K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$637K
Investment incomeLn 3$15K
Other incomeLn 4–11$316K
Gains on assetsLn 7−$7K
Total revenueLn 12$968K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 57
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 FY20End FY20
Cash and savingsLn 1–2$1.5M$0
InvestmentsLn 11–13$26K$0
Land, buildings, equipmentLn 10c$13K$0
Total assetsLn 16$1.5M$0
LiabilitiesLn 26$562K$0
Net assetsLn 32$960K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$166K
Other salaries and wagesLn 7$114K
Pension plan contributionsLn 8$6K
Other employee benefitsLn 9$24K
Payroll taxesLn 10$30K
Legal feesLn 11b$9K
Accounting feesLn 11c$14K
Advertising and promotionLn 12$985
Office expensesLn 13$15K
Information technologyLn 14$30K
OccupancyLn 16$81K
Conferences, conventions and meetingsLn 19$10K
Depreciation, depletion and amortizationLn 22$6K
Other expenses (24a–d)Ln 24$193K
All other expensesLn 24e$30K
Total functional expensesLn 25$730K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $968K$730K$238K$0 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $967,962 across 5 lines filed
Lines not itemized here account for $700 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $637,022$637,022
VIII-3 Investment incomeRelated to mission $22,393$22,393
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,240−$7,240
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $315,087$315,087
VIII-12 Total revenueRelated to mission $975,202 · Unrelated business $0 · Excluded from tax −$7,240$967,962
Part IX · Statement of functional expenses $730,334 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$165,951
IX-7 Other salaries and wages$114,135
IX-8 Pension plan contributions$6,406
IX-9 Other employee benefits$23,697
IX-10 Payroll taxes$29,806
IX-11b Legal fees$8,871
IX-11c Accounting fees$13,665
IX-12 Advertising and promotion$985
IX-13 Office expenses$15,410
IX-14 Information technology$29,957
IX-16 Occupancy$81,418
IX-19 Conferences, conventions and meetings$10,094
IX-22 Depreciation, depletion and amortization$6,357
IX-24 Other expenses (24a–d)$193,458
IX-24e All other expenses$30,124
IX-25 Total functional expenses$730,334
Part X · Balance sheet $0 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $209$0
X-2 Savings and temporary cash investmentsStart of year $1,466,209$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $5,969$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $10,486$0
X-10c Land, buildings and equipment, netStart of year $12,516$0
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $26,175$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,521,564$0
X-17 Accounts payable and accrued expensesStart of year $18,471$0
X-25 Other liabilitiesStart of year $222,081$0
X-26 Total liabilitiesStart of year $561,677$0
X-27 Net assets without donor restrictionsStart of year $923,887$0
X-28 Net assets with donor restrictionsStart of year $36,000$0
X-32 Total net assets or fund balancesStart of year $959,887$0
X-33 Total liabilities and net assetsStart of year $1,521,564$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$967,962
XI-2 Total expenses$730,334
XI-3 Revenue less expenses$237,628
XI-4 Net assets at start of year$959,887
XI-9 Other changes in net assets−$1,197,515
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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