2024-11-15T10:54:03-06:00 2023-12-31 710355269 LANDMARK PLC CPAS PO BOX 10148 FORT SMITH AR 729170148 990 2023-01-01 716057037 FORT SMITH BOARD OF REALTORS INC FORT 4797830655 5700 SOUTH ZERO STREET FORT SMITH AR 72903 JONELLA GRAHAM BOARD PRESIDENT 4797830655 2024-11-13 1 0 DEANA A INFIELD P00440603 4794845740 2024-11-13 2023 2024-10-15 13:58:12Z WESTERN RIVER VALLEY BOARD OF REALTORS JONELLA GRAHAM 5700 SOUTH ZERO STREET FORT SMITH AR 72903 986719 0 X WWW.FSBOR.ORG X 1925 AR TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION & RELATED INTEREST. 13 13 3 13 488099 20247 0 0 807059 885602 2003 -3002 3121 7333 812183 889933 13600 1869 0 0 170330 85470 0 0 0 560911 739504 744841 826843 67342 63090 2260221 2215758 976084 868531 1284137 1347227 PROVIDING A SUPERIOR LEVEL OF INFORMED, PROFESSIONAL REAL ESTATE SERVICES FOR BUYERS AND SELLERS IN THE GREATER FORT SMITH REGION 0 0 173301 1869 FORT SMITH BOARD OF REALTORS - AN ORGANIZATION FOR REALTORS 276538 FORT SMITH MULTI-LIST - A MULTI-LIST SERVICE FOR ALL REALTORS IN SEBASTIAN AND CRAWFORD COUNTIES 449839 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 5 0 1 3 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AR X THE BOARD OFFICERS 4797830655 5700 SOUTH ZERO STREET FORT SMITH AR 72903 AARON BREWER DIRECTOR 2.00 X 0 0 0 LEIGH WALKER PRESIDENT ELECT 3.00 X X 0 0 0 SHARLA LAU PAST PRESIDENT 3.00 X X 0 0 0 ORVAL SMITH DIRECTOR 2.00 X 0 0 0 SHANA BROWN VICE PRESIDENT 3.00 X X 0 0 0 AIMEE EDENS DIRECTOR 2.00 X 0 0 0 GLEE COSNER DIRECTOR 2.00 X 0 0 0 JEREMY IBISON DIRECTOR 2.00 X 0 0 0 JONELLA GRAHAM PRESIDENT 3.00 X X 0 0 0 SHELLY BLAYLOCK DIRECTOR 2.00 X 0 0 0 SANDRA HEINER SECRETARY/TREASURER 3.00 X X 0 0 0 AARON O'NEAL DIRECTOR 2.00 X 0 0 0 JUSTINA JOHNSON DIRECTOR 2.00 X 0 0 0 MAEGAN WILLIAMS ASSOCIATION EXECUTIVE 40.00 X 67480 0 0 67480 0 0 0 0 0 0 CORELOGIC MATRIX 40 PACIFICA SUITE 900 IRVIN CA 92618 LISTING AND PROPERTY DATA 225395 SENTRILOCK 7701 SERVICE CENTER DR WEST CHESTER TOWNSHIP OH 45069 ELECTRONIC LOCKBOX SERVICES 207308 2 FORT SMITH MULTI-LIST 541900 413616 413616 MEMBERSHIP DUES 541900 353413 353413 FEE INCOME 541900 75464 2446 73018 BANQUET & LUNCH MEETIN 541900 43109 43109 885602 6944 1465 5479 9946 -9946 -9946 -9946 94173 86840 7333 7333 889933 389022 488099 12812 1869 1869 67480 67480 12249 12249 5741 5741 37735 37735 407 407 21918 21918 362012 351698 10314 35616 35616 45439 45439 38981 38981 71247 71247 20438 20438 BANQUETS AND EVENTS 46991 46991 REPAIR & MAINTENANCE 43726 43726 ASSOCIATION DUES 13536 3435 10101 MEALS 1458 1458 826843 449839 377004 0 168151 80717 541019 544075 36009 15596 2027391 452021 1515042 1575370 2260221 2215758 59520 62350 77115 0 794691 760583 44758 45598 976084 868531 X 1274711 1338432 9426 8795 1284137 1347227 2260221 2215758 63090 0 X 0 1 X 1 0 0 0 0 767029 601172 601172 863630 93020 770610 467942 296808 171134 94647 62193 32454 1575370 SECURITY DEPOSITS 45598 45598 X 1166719 276786 276786 889933 0 889933 1103629 276786 276786 826843 0 826843 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND A SIMILAR STATE STATUTE AND IS NOT SUBJECT TO TAX AT THE ENTITY LEVEL FOR FEDERAL AND STATE INCOME TAX PURPOSES. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. FASB CODIFICATION TOPIC INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND REQUIRES THE ORGANIZATION TO RECOGNIZE IN THEIR FINANCIAL STATEMENTS THE IMPACT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UNDER AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ASSESSED THE TAX POSITIONS OF THE ORGANIZATION AND DETERMINED THAT NO POSITIONS EXIST THAT REQUIRE ADJUSTMENT OR DISCLOSURE UNDER THE PROVISIONS OF FASB CODIFICATION TOPIC INCOME TAXES. THE ORGANIZATION FILES INFORMATIONAL "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX" (FORM 990) IN THE U.S. FEDERAL JURISDICTION AND ARKANSAS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY CHARGES 180,000. SPECIAL EVENT EXPENSES 86,840. LOSS ON DISPOSAL OF ASSETS 9,946. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 94,173. INTERCOMPANY EXPENSES 180,000. LOSS ON DISPOSAL OF ASSETS 9,946. FUNDRAISING PROFITS -7,333. SPECIAL OLYMPICS AND DONATION EXP 60493 60493 57767 GOLF TOURNAMENT 33680 33680 29073 94173 94173 86840 86840 7333 1 PART I, LINE 2 THE ORGANIZATION MONITORS AND TRACKS ANY SCHOLARSHIPS PAID ON BEHALF OF RECIPIENTS WHO APPLY, MEET THE SCHOLARSHIP CRITRIA AND ARE SELECTED. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A FORT SMITH BOARD OF REALTORS, INC. HAS AN AVERAGE OF 450-550 MEMBERS, AND 11% OF THE MEMBERS MUST BE PRESENT FOR A QUORUM TO VOTE. THEY ELECT THE BOARD OF DIRECTORS AND HOLD AN ANNUAL ELECTION. ONLY 1/3 OF THE GOVERNING BODY'S TERM EXPIRE ANNUALLY, SO THERE ARE USUALLY 2 OR 3 OF THE DIRECTORS BEING ELECTED ANNUALLY IN ADDITION TO PRESIDENT, PRESIDENT ELECT, VICE PRESIDENT,AND SECRETARY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE THE OPERATING BUDGETS AND ANY PURCHASES ABOVE $2,500.00. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS A PRELIMINARY 990. ANY QUESTIONS ARE ANSWERED. THE RETURN IS THEN APPROVED BY THE BOARD FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C FORT SMITH BOARD OF REALTORS, INC. IS CONSIDERED A LOCAL ASSOCIATION, MEMBER OF THE STATE AND NATIONAL ASSOCIATIONS OF REALTORS. WE ARE MONITORED ON AN ONGOING BASIS ON A LOCAL LEVEL, A BI-ANNUAL AUDIT OF POLICIES IS DONE BY THE STATE ASSOCIATION AND THE NATIONAL ASSOCIATION. OUR POLICIES MUST BE IN COMPLIANCE WITH STATE AND NATIONAL POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HIRING COMMITTEE (5 MEMBERS) AND INTERVIEW COMMITTEE (13 MEMBERS) OF BOARD OF DIRECTORS SET THE MAXIMUM DOLLAR AMOUNT OF SALARY. EO DECIDES BASED UPON PERFORMANCE EVALUATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ARKANSAS ASSOCIATION OF REALTORS 11224 EXECUTIVE CENTER DR LITTLE ROCK AR 72211 AR 501(C)(6) 0 NATIONAL ASSOCIATION OF REALTORS 430 NORTH MICHIGAN AVENUE CHICAGO IL 606114087 IL 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NATIONAL ASSOCIATION OF REALTORS L 0 ARKANSAS ASSOCIATION OF REALTORS L 3435