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Longleaf Pine Realtors INC FY2020 filing

Not tax-deductible

Fayetteville, NC501(c)(6)Mutual / membership EIN 56-1086064Revenue $3.2M in FY2020

On file with the IRSlongleafpinerealtors.comPo Box 53189, 28305-3189 · Fayetteville, NCTax-exempt since May 1978

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1) to unite those engaged in the recognized branches of the real estate profession in this community for the purpose of exerting a beneficial influence upon the profession and related interest. 2) to promote and maintain high standards of conduct in the real estate profession as expressed in the code of ethics of the national association of Realtors. 3) to provide a united medium for real estate owners and those engaged in the real estate profession whereby their interest may be safeguarded and advanced. 4) to further the interest of home and other property ownership. 5) to unite those engaged in the real estate profession of this community with the NC association of Realtors and the national association of Realtors, thereby furthering their own objectives throughout the state and nation, and obtaining the benefits and privileges of membership therein. 6) to designate, for the benefit of the public, those individuals within its jurisdiction authorized to use the term realtor.

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

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $521K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
2 mo
of spending, in cash
Plus $6.1M in investments, Pt X · Ln 11–13
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$204K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
Spent
$2.6M
Net assets
$6.5M
By yearFY2020–FY2024
Revenue
$3.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$4.0M
FY2022$3.7M
FY2023$3.7M
FY2024$4.0M
Expenses
$2.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$3.3M
FY2023$3.3M
FY2024$3.8M
Net assets
$6.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$7.7M
FY2022$6.7M
FY2023$7.9M
FY2024$8.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1978.

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Rosemary Buerger
Past President
$0Pt VII · Sec A
Gene Cooper
Director
$0Pt VII · Sec A
Jay Dowdy
Director
$0Pt VII · Sec A
Michelle Morris
Mls Chairman
$0Pt VII · Sec A
David Zeitz
Director
$0Pt VII · Sec A
Willie Snow
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Alan Tucker
Director
$0Pt VII · Sec A
See Longleaf Pine Realtors 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 15aYes

Programs and updates

Unites local real estate professionals to advance the profession and promote property ownership.

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1 program · in their own filed words · FY2020
01

See schedule o for complete description.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
National Association of RealtorsFY2024$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Other incomeLn 4–11$1.9M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$189K
Money outPt IX
$2.6M
Ln 25
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$427K
Total assetsLn 16$6.7M
LiabilitiesLn 26$204K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$189K
Other incomeLn 4–11$1.9M
Gains on assetsLn 7$77K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$397K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$427K
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$98K
Total assetsLn 16$6.7M
LiabilitiesLn 26$204K
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$169K$427K
InvestmentsLn 11–13$5.0M$6.1M
Land, buildings, equipmentLn 10c$91K$98K
Total assetsLn 16$5.4M$6.7M
LiabilitiesLn 26$125K$204K
Net assetsLn 32$5.2M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$478K
Pension plan contributionsLn 8$20K
Payroll taxesLn 10$36K
Legal feesLn 11b$3K
Accounting feesLn 11c$15K
Investment management feesLn 11f$65K
Advertising and promotionLn 12$7K
Office expensesLn 13$872
OccupancyLn 16$40K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$50K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$36K
Other expenses (24a–d)Ln 24$1.8M
All other expensesLn 24e$112K
Total functional expensesLn 25$2.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.0M$3.8M$207K$8.3M 990 PDF
FY2023 $3.7M$3.3M$417K$7.9M 990 PDF
FY2022 $3.7M$3.3M$377K$6.7M 990 PDF
FY2021 $4.0M$3.0M$1.0M$7.7M 990 PDF
FY2020 Viewing $3.2M$2.6M$589K$6.5M 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 FY2020 990 (6 parts)
Part I · Summary $3,222,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,032,015$1,170,161
I-10 Investment incomePrior year $233,239$189,423
I-11 Other revenuePrior year $1,659,106$1,863,363
I-12 Total revenuePrior year $2,924,360$3,222,947
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 $511,574$533,520
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,058,295$2,099,986
I-18 Total expensesPrior year $2,569,869$2,633,506
I-19 Revenue less expensesPrior year $354,491$589,441
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,222,947 across 5 lines filed
Lines not itemized here account for $4,494 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,170,161$1,170,161
VIII-3 Investment incomeExcluded from tax $112,427$112,427
VIII-7 Net gain or loss on sales of assetsRelated to mission $76,996$76,996
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,858,869$1,858,869
VIII-12 Total revenueRelated to mission $1,251,651 · Unrelated business $1,858,869 · Excluded from tax $112,427$3,222,947
Part IX · Statement of functional expenses $2,633,506 across 15 lines filed
IX-7 Other salaries and wages$477,526
IX-8 Pension plan contributions$19,938
IX-10 Payroll taxes$36,056
IX-11b Legal fees$3,227
IX-11c Accounting fees$14,798
IX-11f Investment management fees$64,533
IX-12 Advertising and promotion$7,138
IX-13 Office expenses$872
IX-16 Occupancy$39,607
IX-17 Travel$5,318
IX-19 Conferences, conventions and meetings$50,041
IX-22 Depreciation, depletion and amortization$5,378
IX-23 Insurance$35,830
IX-24 Other expenses (24a–d)$1,761,736
IX-24e All other expenses$111,508
IX-25 Total functional expenses$2,633,506
Part X · Balance sheet $6,691,943 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $133,757$397,309
X-2 Savings and temporary cash investmentsStart of year $35,201$30,123
X-4 Accounts receivableStart of year $23,078$24,597
X-8 Inventories for sale or useStart of year $16,961$8,495
X-10c Land, buildings and equipment, netStart of year $91,202$98,069
X-11 Publicly traded securitiesStart of year $5,047,009$6,133,350
X-16 Total assetsStart of year $5,363,893$6,691,943
X-17 Accounts payable and accrued expensesStart of year $7,243$12,351
X-19 Deferred revenueStart of year $117,865$167,810
X-25 Other liabilitiesStart of year $0$24,115
X-26 Total liabilitiesStart of year $125,108$204,276
X-27 Net assets without donor restrictionsStart of year $5,238,785$6,487,667
X-32 Total net assets or fund balancesStart of year $5,238,785$6,487,667
X-33 Total liabilities and net assetsStart of year $5,363,893$6,691,943
Part XI · Reconciliation of net assets $6,487,667 net assets at year end
XI-1 Total revenue$3,222,947
XI-2 Total expenses$2,633,506
XI-3 Revenue less expenses$589,441
XI-4 Net assets at start of year$5,238,785
XI-5 Net unrealized gains (losses) on investments$659,441
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,487,667

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

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