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Little Rock Realtors Association Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Real Estate Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$556k (2023)

Expenses
$533k (2023)

Total Assets
$1.25M (2023)

Total Liabilities
$86.2k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$556,036
Expenses
$532,623
Net Income
$23,413
Net Assets
$1,164,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $521,150
93.7%
Investment Income $4,866
0.9%
Bond Proceeds $0
Royalties $29,670
5.3%
Rental Property Income $350
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,110
18.0%
Professional Fundraising Fees $0
Other Salaries and Wages $91,147
17.1%
Assets/Debt
Total Assets $1,250,761
Total Liabilities $86,224
Net Assets $1,164,537
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Assn Executive) $96,110 $0 $14,082
Stacy Hamilton (Director) $0 $0 $0
Conley Golden (Director) $0 $0 $0
Melissa Glidden (Director) $0 $0 $0
Kaye Chambers (Director) $0 $0 $0
Jennifer Kronenberger (Director) $0 $0 $0
Whitney Mclellan (Director) $0 $0 $0
Kathy Patton (Director) $0 $0 $0
Ross Mccain (Director) $0 $0 $0
Mutsumi Tharp (Secretary) $0 $0 $0
John Selva (Director) $0 $0 $0
Patrick Mckay (Director) $0 $0 $0
Jon Kennon (Treasurer) $0 $0 $0
April Findlay (Past President) $0 $0 $0
Fletcher Hanson (President) $0 $0 $0
Matty Ross (President Elect) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$541,265
Expenses
$511,922
Net Income
$29,343
Net Assets
$1,141,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $511,904
94.6%
Investment Income $866
0.2%
Bond Proceeds $0
Royalties $28,275
5.2%
Rental Property Income $220
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,560
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $86,291
16.9%
Assets/Debt
Total Assets $1,243,372
Total Liabilities $102,248
Net Assets $1,141,124
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $95,560 $0 $11,984
Stacy Hamilton (Director) $0 $0 $0
Conley Golden (Treasurer) $0 $0 $0
Margaret Bell Hughes (Past President) $0 $0 $0
Eric Nash (Director) $0 $0 $0
Jennifer Kronenberger (Director) $0 $0 $0
Whitney Mclellan (Director) $0 $0 $0
Kathy Patton (Director) $0 $0 $0
Ross Mccain (Director) $0 $0 $0
Mutsumi Tharp (Secretary) $0 $0 $0
Wes Martin (Director) $0 $0 $0
Patrick Mckay (Director) $0 $0 $0
Jon Kennon (Director) $0 $0 $0
April Findlay (President) $0 $0 $0
Fletcher Hanson (Pres Elect) $0 $0 $0
Matty Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$424,010
Expenses
$419,436
Net Income
$4,574
Net Assets
$1,111,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $397,295
93.7%
Investment Income $533
0.1%
Bond Proceeds $0
Royalties $26,132
6.2%
Rental Property Income $50
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,454
20.6%
Professional Fundraising Fees $0
Other Salaries and Wages $76,124
18.1%
Assets/Debt
Total Assets $1,217,891
Total Liabilities $106,110
Net Assets $1,111,781
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $86,454 $0 $11,100
Stacy Hamilton (Director) $0 $0 $0
Conley Golden (Director) $0 $0 $0
Margaret Bell (President) $0 $0 $0
Jennifer Kronenberger (Director) $0 $0 $0
Allison Pickell (Past President) $0 $0 $0
Lakesha Crow (Secretary) $0 $0 $0
Joel Tvedten (Director) $0 $0 $0
Mutsumi Tharp (Director) $0 $0 $0
Robert Richardson (Director) $0 $0 $0
Patrick Mckay (Director) $0 $0 $0
Kristin Kennon (Director) $0 $0 $0
April Findlay (President Elect) $0 $0 $0
Fletcher Hanson (Treasurer) $0 $0 $0
Matty Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$407,480
Expenses
$382,870
Net Income
$24,610
Net Assets
$1,107,207
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $382,301
93.8%
Investment Income $1,249
0.3%
Bond Proceeds $0
Royalties $23,610
5.8%
Rental Property Income $320
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,454
22.6%
Professional Fundraising Fees $0
Other Salaries and Wages $73,730
19.3%
Assets/Debt
Total Assets $1,202,445
Total Liabilities $95,238
Net Assets $1,107,207
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $86,454 $0 $13,385
Stacy Hamilton (Director) $0 $0 $0
Conley Golden (Director) $0 $0 $0
Margaret Bell (Pres Elect) $0 $0 $0
Jennifer Kronenberger (Director) $0 $0 $0
Rick Bertram (Past President) $0 $0 $0
Lakesha Crow (Director) $0 $0 $0
Joel Tvedten (Director) $0 $0 $0
Mutsumi Tharp (Director) $0 $0 $0
Robert Richardson (Director) $0 $0 $0
Patrick Mckay (Director) $0 $0 $0
Allison Pickell (President) $0 $0 $0
Kristin Kennon (Director) $0 $0 $0
April Findlay (Secretary) $0 $0 $0
Fletcher Hanson (Treasurer) $0 $0 $0
Matty Ross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$437,017
Expenses
$439,838
Net Income
-$2,821
Net Assets
$1,082,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $410,978
94.0%
Investment Income $3,356
0.8%
Bond Proceeds $0
Royalties $22,683
5.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,759
19.3%
Professional Fundraising Fees $0
Other Salaries and Wages $70,989
16.1%
Assets/Debt
Total Assets $1,159,786
Total Liabilities $77,189
Net Assets $1,082,597
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $84,759 $0 $11,716
Janet Dillon (Director) $0 $0 $0
Tracy Rice (Treasurer) $0 $0 $0
Margaret Bell (Director) $0 $0 $0
Susan Desselle (Director) $0 $0 $0
Rick Bertram (President) $0 $0 $0
Lakesha Crow (Director) $0 $0 $0
Derick Brooks (Past President) $0 $0 $0
Mutsumi Tharp (Director) $0 $0 $0
Robert Richardson (Director) $0 $0 $0
Ashley East (Director) $0 $0 $0
Allison Pickell (Pres Elect) $0 $0 $0
Kristin Kennon (Director) $0 $0 $0
April Findlay (Secretary) $0 $0 $0
Fletcher Hanson (Director) $0 $0 $0
Susan Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$437,500
Expenses
$395,309
Net Income
$42,191
Net Assets
$1,085,418
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $413,770
94.6%
Investment Income $2,182
0.5%
Bond Proceeds $0
Royalties $21,218
4.8%
Rental Property Income $330
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,759
21.4%
Professional Fundraising Fees $0
Other Salaries and Wages $63,675
16.1%
Assets/Debt
Total Assets $1,162,231
Total Liabilities $76,813
Net Assets $1,085,418
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $84,759 $0 $4,202
Scott Johnson (Director) $0 $0 $0
Tracy Rice (Director) $0 $0 $0
Margaret Bell (Director) $0 $0 $0
Susan Desselle (Director) $0 $0 $0
Rick Bertram (Vice President) $0 $0 $0
Lakesha Crow (Director) $0 $0 $0
Derick Brooks (President) $0 $0 $0
Mutsumi Tharp (Director) $0 $0 $0
Robert Richardson (Director) $0 $0 $0
Stacy Hamilton (Past President) $0 $0 $0
Allison Pickell (Secretary) $0 $0 $0
Kristin Kennon (Director) $0 $0 $0
April Findlay (Treasurer) $0 $0 $0
Fletcher Hanson (Director) $0 $0 $0
Susan Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$422,015
Expenses
$374,447
Net Income
$47,568
Net Assets
$1,043,227
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $401,406
95.1%
Investment Income $1,116
0.3%
Bond Proceeds $0
Royalties $18,993
4.5%
Rental Property Income $500
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,456
22.6%
Professional Fundraising Fees $0
Other Salaries and Wages $55,590
14.8%
Assets/Debt
Total Assets $1,149,243
Total Liabilities $106,016
Net Assets $1,043,227
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $84,456 $0 $2,469
Scott Johnson (Director) $0 $0 $0
Tracy Rice (Director) $0 $0 $0
Clark Irwin (Treasurer) $0 $0 $0
Rick Bertram (Director) $0 $0 $0
Michelle Sanders (Director) $0 $0 $0
Derick Brooks (Vice President) $0 $0 $0
Kathe Sumbles (Past President) $0 $0 $0
Robert Richardson (Secretary) $0 $0 $0
Stacy Hamilton (President) $0 $0 $0
Allison Pickell (Director) $0 $0 $0
Cara Hazlewood (Director) $0 $0 $0
April Findlay (Director) $0 $0 $0
Fletcher Hanson (Director) $0 $0 $0
Susan Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$418,843
Expenses
$380,047
Net Income
$38,796
Net Assets
$995,659
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $399,970
95.5%
Investment Income $965
0.2%
Bond Proceeds $0
Royalties $17,768
4.2%
Rental Property Income $140
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,290
21.7%
Professional Fundraising Fees $0
Other Salaries and Wages $52,082
13.7%
Assets/Debt
Total Assets $1,107,020
Total Liabilities $111,361
Net Assets $995,659
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Director) $82,290 $0 $2,469
Scott Johnson (Director) $0 $0 $0
Tracy Rice (Director) $0 $0 $0
Clark Irwin (Treasurer) $0 $0 $0
Rick Bertram (Director) $0 $0 $0
Michelle Sanders (Director) $0 $0 $0
Derick Brooks (Director) $0 $0 $0
Kathe Sumbles (President) $0 $0 $0
Patrick Sullenger (Past President) $0 $0 $0
Brooke Miller (Director) $0 $0 $0
Stacy Hamilton (Vice President) $0 $0 $0
Allison Pickell (Director) $0 $0 $0
Cara Hazlewood (Secretary) $0 $0 $0
April Findlay (Director) $0 $0 $0
Matthew Lamb (Director) $0 $0 $0
Susan Sutton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$389,026
Expenses
$362,590
Net Income
$26,436
Net Assets
$956,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
1.3%
Program Services $366,601
94.2%
Investment Income $996
0.3%
Bond Proceeds $0
Royalties $16,429
4.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,890
22.0%
Professional Fundraising Fees $0
Other Salaries and Wages $49,550
13.7%
Assets/Debt
Total Assets $1,056,280
Total Liabilities $99,417
Net Assets $956,863
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Exec. Officer) $79,890 $0 $2,397
Scott Johnson (Director) $0 $0 $0
Todd Rice (Past President) $0 $0 $0
David Huffman (Director) $0 $0 $0
Clark Irwin (Director) $0 $0 $0
Rick Bertram (Director) $0 $0 $0
Michelle Sanders (Secretary) $0 $0 $0
Rob Richardson (Director) $0 $0 $0
Derick Brooks (Director) $0 $0 $0
Kathe Sumbles (Vice President) $0 $0 $0
Patrick Sullenger (President) $0 $0 $0
Ed Penick Jr (Treasurer) $0 $0 $0
Brooke Miller (Director) $0 $0 $0
Stacy Hamilton (Director) $0 $0 $0
Allison Pickell (Director) $0 $0 $0
Cara Hazlewood (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$344,028
Expenses
$337,171
Net Income
$6,857
Net Assets
$930,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $325,114
94.5%
Investment Income $1,059
0.3%
Bond Proceeds $0
Royalties $16,225
4.7%
Rental Property Income $1,630
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $79,890
23.7%
Professional Fundraising Fees $0
Other Salaries and Wages $46,671
13.8%
Assets/Debt
Total Assets $1,021,867
Total Liabilities $91,440
Net Assets $930,427
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Exec. Officer) $79,890 $0 $0
Scott Johnson (Director) $0 $0 $0
Todd Rice (President) $0 $0 $0
David Huffman (Director) $0 $0 $0
Maurice Taylor (Past President) $0 $0 $0
Rick Bertram (Director) $0 $0 $0
Michelle Sanders (Director) $0 $0 $0
Rob Richardson (Director) $0 $0 $0
Derick Brooks (Director) $0 $0 $0
Kathe Sumbles (Secretary) $0 $0 $0
Patrick Sullenger (Vice President) $0 $0 $0
Ed Penick Jr (Treasurer) $0 $0 $0
Brooke Miller (Director) $0 $0 $0
Stacy Hamilton (Director) $0 $0 $0
Denise Carle (Director) $0 $0 $0
Paulette Richie (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$301,199
Expenses
$337,124
Net Income
-$35,925
Net Assets
$923,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $284,238
94.4%
Investment Income $1,197
0.4%
Bond Proceeds $0
Royalties $14,809
4.9%
Rental Property Income $955
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $77,560
23.0%
Professional Fundraising Fees $0
Other Salaries and Wages $48,714
14.4%
Assets/Debt
Total Assets $975,878
Total Liabilities $52,308
Net Assets $923,570
Compensation
Key Employees and Officers Compensation Related Other
Elizabeth A Sheard (Exec. Officer) $77,560 $0 $0
Scott Johnson (Director) $0 $0 $0
Todd Rice (Vice President) $0 $0 $0
Betty Fletcher (Director) $0 $0 $0
Maurice Taylor (President) $0 $0 $0
Rick Bertram (Director) $0 $0 $0
Carolyn Cobb (Past President) $0 $0 $0
Rob Richardson (Director) $0 $0 $0
Derick Brooks (Director) $0 $0 $0
Kathe Sumbles (Director) $0 $0 $0
Patrick Sullenger (Secretary) $0 $0 $0
Ed Penick Jr (Treasurer) $0 $0 $0
Rusty Armstrong (Director) $0 $0 $0
Stacy Hamilton (Director) $0 $0 $0
Denise Carle (Director) $0 $0 $0
Paulette Richie (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$282,923
Expenses
$300,775
Net Income
-$17,852
Net Assets
$959,495
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $264,416
93.5%
Investment Income $3,600
1.3%
Bond Proceeds $0
Royalties $14,549
5.1%
Rental Property Income $358
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,160
24.7%
Professional Fundraising Fees $0
Other Salaries and Wages $42,347
14.1%
Assets/Debt
Total Assets $993,254
Total Liabilities $33,759
Net Assets $959,495

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$306,137
Expenses
$324,989
Net Income
-$18,852
Net Assets
$977,347
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $283,954
92.8%
Investment Income $6,512
2.1%
Bond Proceeds $0
Royalties $15,051
4.9%
Rental Property Income $620
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $74,160
22.8%
Professional Fundraising Fees $0
Other Salaries and Wages $44,774
13.8%
Assets/Debt
Total Assets $1,016,890
Total Liabilities $39,543
Net Assets $977,347

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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