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Nonprofit · EIN 75-1660552

STEPHENVILLE ASSOCIATION OF REALTORS INC

Tax-exempt · STEPHENVILLE, TX 76401

Financials

$261K$179K2023$646K$405K2024
Revenue Expenses · by fiscal year end
Financials of STEPHENVILLE ASSOCIATION OF REALTORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$646,194$405,387$240,807$1,006,334$315,496$690,838
December 31, 2023990$261,497$179,241$82,256$486,378$45,725$440,653
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$392,705
Investment income
$223,912
Net gain from sales of assets
$214,561
Other revenue
$29,577

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$85,616
Salaries, compensation and benefits (total)
$93,091
Professional fundraising fees
$0
Accounting fees
$10,105
Occupancy
$36,360
Travel
$42
Depreciation
$11,664
Program services (functional)
$405,387

Balance sheet and other

Total assets, start of year
$486,378
Total assets, end of year
$1,006,334
Total liabilities, end of year
$315,496
Net assets, end of year
$690,838
Land, buildings and equipment
$647,769
Net assets without donor restrictions
$690,838
Gross receipts
$681,633
Employees
2

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DEWAYNE ELSTONDIRECTOR
Trustee or director, Officer
–$0
JJ HAMPTONDIRECTOR
Trustee or director, Officer
–$0
ERIC HAYDENDIRECTOR
Trustee or director, Officer
–$0
NICOLE PETETPRESIDENT
Trustee or director, Officer
–$0
LANI RUSTVICE PRESIDE
Trustee or director, Officer
–$0
CHANDRA STOUTSECRETARY
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
DEWAYNE ELSTONPRESIDENT
Trustee or director, Officer
–$0
RITA FREELSDIRECTOR
Trustee or director
–$0
JJ HAMPTONDIRECTOR
Trustee or director
–$0
ERIC HAYDENDIRECTOR
Trustee or director
–$0
NICOLE PETETVICE PRESIDE
Trustee or director, Officer
–$0
LANI RUSTSECRETARY
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
150 S HARBIN DR STE A, STEPHENVILLE, TX 76401-3940
Principal officer (990 for 2024)
NICOLE PETET, 150 SHARBIN STE A, STEPHENVILLE, TX 76401
Signed the 990
NICOLE PETET, PRESIDENT
Phone
(254) 965-4002
Return prepared by
BOUCHER AND SMART CPAS LLC

Mission

BUSINESS LEAGUE REALTORS-INFORMATION SERVICES

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE MULTIPLE LISTING SERVICE AND INFORMATION SERVICES FOR REALTORS IN THE AREA.
  • PROVIDE MULTIPLE LISTING SERVICE AND INFORMATION SERVICES FOR REALTORS IN THE AREA.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1660552
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,006,334
Income (IRS master file)
$681,633

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$646,194$405,387$1,006,334XML
990December 2023$261,497$179,241$486,378XML
990December 2022$205,309$134,732$428,487IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 75-1660552).

Questions about STEPHENVILLE ASSOCIATION OF REALTORS INC

What is the EIN of STEPHENVILLE ASSOCIATION OF REALTORS INC?
The employer identification number (EIN) of STEPHENVILLE ASSOCIATION OF REALTORS INC is 75-1660552.
Is STEPHENVILLE ASSOCIATION OF REALTORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1980.
Are donations to STEPHENVILLE ASSOCIATION OF REALTORS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STEPHENVILLE ASSOCIATION OF REALTORS 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 STEPHENVILLE ASSOCIATION OF REALTORS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STEPHENVILLE ASSOCIATION OF REALTORS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of STEPHENVILLE ASSOCIATION OF REALTORS INC?
The 990 for the year ended December 31, 2024 names NICOLE PETET.
Who are the officers and directors of STEPHENVILLE ASSOCIATION OF REALTORS INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does STEPHENVILLE ASSOCIATION OF REALTORS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $646,194, expenses of $405,387 and total assets of $1,006,334 at year end.

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