Mid Carolina Regional Association of Realtors INC EIN 56-1093915

Mid Carolina Regional Association of Realtors INC

EIN  56-1093915 Business league / trade association Southern Pnes, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Oversees realtors, fosters cooperation, and improves real estate business in Moore County, NC.
Leadership
Sandra D Barnhardt · Executive Director · $102K
Money in and out
$587K revenue, $469K expenses
Bottom line
+20% operating surplus

Oversees realtors, fosters cooperation, and improves real estate business in Moore County, NC. For fiscal year 2024 it reported $587K in revenue, $469K in expenses, and $1.1M in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $119K
Operating surplus
+20%
revenue over expenses▲ +124% vs prior filing year
Earned revenue
94%
of revenue from program services & dues▼ -4% vs prior filing year
Payroll share
60%
of spending is salaries & benefits▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$587K
FY2024▲ +3%
Expenses
$469K
FY2024▼ -10%
Total assets
$1.1M
FY2024▲ +11%
Total liabilities
$1K
FY2024▼ -88%
Total revenue
$587K
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$119K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 4500
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To provide realtor oversight and to encourage cooperation among realtors and improve business conditions in the real estate field in the moore county, north carolina area.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMid Carolina Regional Association of Realtors INC
EINHdr · item D56-1093915
Principal addressHdr · item CSouthern Pnes, NC
WebsiteHdr · item Jwww.mcrar.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFNov 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b500
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$101,596Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Sandra D Barnhardt’s $102K as Executive Director is at the 74th percentile of top reported officer pay among 1711 $100K–1M 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

NameFY2024FY2023FY2022
Sandra D Barnhardt$101,596$95,448$83,358

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.

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Statement of Revenue

Part VIII
Program service revenue$551K · 94%
Investment income$36K · 6%
Program service revenue94%$551K
Investment income6%$36K
Total revenueLn 12$587K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$1K
Total net assetsLn 32$1.1M
Months of cash on handcomputed28.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $469K
28.0 months
Where the money goes
Program services
Program services — · Total expenses $469K
Management & General
Management & general — · Total expenses $469K
Fundraising
Fundraising — · Total expenses $469K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $587K
0%
Government reliance
Government grants — · Total revenue $587K
Earned-income share
Program service revenue $551K · Total revenue $587K
94%
Investment reliance
Investment income $36K · Total revenue $587K
+6%
Program self-sufficiency
Program service revenue $551K · Total expenses $469K
118%
Growth & trend
Revenue growth (YoY)
This year $587K · Prior year $572K
+3%
Revenue CAGR
FY2020 $501K · FY2024 $587K
+4%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $587K · Expenses $469K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1K · Total assets (Pt X, ln 16) $1.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Sandra D Barnhardt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $102K · Total expenses $469K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $281K · Total expenses $469K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 3%
Legal fee ratio 0%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$587K revenue · viewing · ⤓ 990 PDF
FY2023$572K revenue · ⤓ 990 PDF
FY2022$562K revenue · ⤓ 990 PDF
FY2021$475K revenue · ⤓ 990 PDF
FY2020$501K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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