Nonprofit · EIN 56-0509232
GREENSBORO REGIONAL REALTORS ASSOCIATION INC
Tax-exempt · GREENSBORO, NC 27407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,966,778 | $2,505,913 | $460,865 | $8,169,159 | $986,682 | $7,182,477 |
| September 30, 2024 | 990 | $2,783,344 | $2,535,194 | $248,150 | $7,733,706 | $958,738 | $6,774,968 |
| September 30, 2023 | 990 | $2,692,213 | $2,419,035 | $273,178 | $7,325,646 | $981,300 | $6,344,346 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,618,947
- Investment income
- $277,360
- Net rental income
- -$29,791
- Net gain from sales of assets
- $122,157
- Net income from sales of inventory
- -$1,332
- Other revenue
- $70,471
Expenses
- Grants and similar amounts paid
- $29,898
- Compensation of officers, directors and key employees
- $162,649
- Other salaries and wages
- $356,557
- Salaries, compensation and benefits (total)
- $673,101
- Professional fundraising fees
- $0
- Legal fees
- $1,632
- Accounting fees
- $22,399
- Occupancy
- $101,342
- Travel
- $51,199
- Depreciation
- $17,615
Balance sheet and other
- Total assets, start of year
- $7,733,706
- Total assets, end of year
- $8,169,159
- Total liabilities, end of year
- $986,682
- Net assets, end of year
- $7,182,477
- Land, buildings and equipment
- $441,009
- Publicly traded securities
- $1,767,712
- Net assets without donor restrictions
- $7,182,477
- Gross unrelated business income
- $1,940,663
- Gross receipts
- $3,011,276
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1956
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BARR | CHIEF EXECUTIVE OFFICER Officer | 40 | $162,649 |
| MARY BETH POWELL | PRESIDENT Trustee or director, Officer | 5 | $0 |
| MARVETTE ARTIS | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| JOHN NEWMAN JR | TREASURER Trustee or director, Officer | 3 | $0 |
| SCOTT THOMPSON | ASSISTANT TREASURER Trustee or director, Officer | 3 | $0 |
| WILLIAM T WARMATH JR | PRESIDENT ELECT Trustee or director, Officer | 1 | $0 |
| MICHAEL CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTOFER CAYTON | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN FOSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HOLLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK MANN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNA MCKENZIE | BOARD MEMBER Trustee or director | 1 | $0 |
| HILLARY MEREDITH | BOARD MEMBER Trustee or director | 1 | $0 |
| JACQUELINE MOSLEY | BOARD MEMBER Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHILLIP STONE | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTIE WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BARR | CHIEF EXECUTIVE OFFICER Officer | 40 | $156,806 |
| MARVETTE ARTIS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| SOFIA CRISP | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| STEPHANIE MABE | TREASURER Trustee or director, Officer | 3 | $0 |
| JOHN NEWMAN JR | ASSISTANT TREASURER Trustee or director, Officer | 3 | $0 |
| MARY BETH POWELL | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| LISA BENNETT | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL CARTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| JIMMY DOWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN FOSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HOLLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| SHEILA MAGEE | BOARD MEMBER Trustee or director | 1 | $0 |
| LOLITA MALAVE | BOARD MEMBER Trustee or director | 1 | $0 |
| HILLARY MEREDITH | BOARD MEMBER Trustee or director | 1 | $0 |
| MAXINE NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PHILLIP STONE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL BARR | CHIEF EXECUTIVE OFFICER Officer | 40 | $150,650 |
| SOFIA CRISP | PRESIDENT Trustee or director, Officer | 5 | $0 |
| HILBURN B MICHEL | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| MARY BETH POWELL | TREASURER Trustee or director, Officer | 3 | $0 |
| STEPHANIE MABE | ASSISTANT TREASURER Trustee or director, Officer | 3 | $0 |
| MARVETTE ARTIS | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| JIMMY DOWELL JR | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HOLLAND JR | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| SHEILA MAGEE | BOARD MEMBER Trustee or director | 1 | $0 |
| LOLITA MALAVE | BOARD MEMBER Trustee or director | 1 | $0 |
| RICH MANZI | BOARD MEMBER Trustee or director | 1 | $0 |
| KATLIN MATEER | BOARD MEMBER Trustee or director | 1 | $0 |
| HILLARY MEREDITH | BOARD MEMBER Trustee or director | 1 | $0 |
| MAXINE NELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN NEWMAN JR | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 23 OAK BRANCH DR, GREENSBORO, NC 27407-2145
- In care of
- % MICHAEL BARR
- Principal officer (990 for 2024)
- MICHAEL BARR, 23 OAK BRANCH DRIVE, GREENSBORO, NC 27407
- Signed the 990
- MICHAEL BARR, EXECUTIVE DIRECTOR
- Phone
- (336) 854-5868
- Website
- WWW.GRRA.ORG
- Return prepared by
- LEEPER KEAN AND RUMLEY LLP
Mission
TO SUPPORT ITS MEMBERS IN THEIR BUSINESS PURSUITS BY PROMOTING THE HIGHEST PROFESSIONAL ETHICS AND BEING THE PRIMARY PROVIDER FOR QUALITY SERVICES, EDUCATION AND REAL ESTATE INFORMATION IN OUR MARKET AREA.
Program accomplishments
- THE ASSOCIATION UNITES THE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS. THE ASSOCIATION EXERTS THIS INFLUENCE PRIMARILY THROUGH ITS SUBSTANTIAL CONTINUING EDUCATION PROGRAM, THEREBY FACILITATING EFFICIENT TRANSACTIONS AND ORDERLY MARKETS. COMMITTEES INVOLVED IN THESE PROGRAMS INCLUDE THE EDUCATION AND ORIENTATION.
- THE ASSOCIATION PROMOTES AND MAINTAINS HIGH STANDARDS OF CONDUCT IN THE PROFESSION AS EXPRESSED IN THE CODE OF ETHICS. THE ASSOCIATION PROMOTES THESE STANDARDS THROUGH PUBLICATIONS AND PRESENTATIONS AND THROUGH ARBITRATION AND MEDIATION OF DISPUTES. COMMITTEES INVOLVED ARE THE GRIEVANCE COMMITTEE, PROFESSIONAL STANDARDS COMMITTEE, AND EQUAL OPPORTUNITY COMMITTEE.
- THE ASSOCIATION PROVIDES A UNIFIED MEDIUM FOR THE PROFESSION AND REAL ESTATE OWNERS WHEREBY THEIR INTERESTS MAY BE SAFEGUARDED AND ADVANCED. THE ASSOCIATION ADVANCES THE INTERESTS OF THE PROFESSION PRIMARILY THROUGH MONITORING LEGISLATIVE AND REGULATORY DEVELOPMENTS OF INTEREST TO IT AND PROVIDING TESTIMONY ON PROPOSALS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 56-0509232
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,169,159
- Income (IRS master file)
- $3,011,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,966,778 | $2,505,913 | $8,169,159 | XML |
| 990 | September 2024 | $2,783,344 | $2,535,194 | $7,733,706 | XML |
| 990 | September 2023 | $2,692,213 | $2,419,035 | $7,325,646 | XML |
| 990 | September 2022 | $2,665,218 | $2,419,889 | $6,997,332 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0509232).
Questions about GREENSBORO REGIONAL REALTORS ASSOCIATION INC
- What is the EIN of GREENSBORO REGIONAL REALTORS ASSOCIATION INC?
- The employer identification number (EIN) of GREENSBORO REGIONAL REALTORS ASSOCIATION INC is 56-0509232.
- Is GREENSBORO REGIONAL REALTORS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1977.
- Are donations to GREENSBORO REGIONAL REALTORS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREENSBORO REGIONAL REALTORS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREENSBORO REGIONAL REALTORS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREENSBORO REGIONAL REALTORS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GREENSBORO REGIONAL REALTORS ASSOCIATION INC?
- The 990 for the year ended September 30, 2025 names MICHAEL BARR.
- Who are the officers and directors of GREENSBORO REGIONAL REALTORS ASSOCIATION INC?
- The 990 for the year ended September 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $162,649 (MICHAEL BARR, CHIEF EXECUTIVE OFFICER).
- How much revenue does GREENSBORO REGIONAL REALTORS ASSOCIATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,966,778, expenses of $2,505,913 and total assets of $8,169,159 at year end.
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