EIN 11-1020780

Long Island Board of Realtors (LIBOR)

IRS 501(c) type
501(c)(6)
Num. employees
73
Year formed
1910
Most recent tax filings
2022-12-01
Description
To provide to its members resources that will enable them to reach their highest potential level of business success by enhancing their value to the consumer.
Total revenues
$8,157,820
2022
Total expenses
$6,466,284
2022
Total assets
$35,042,277
2022
Num. employees
73
2022

Program areas at LIBOR

Education: to provide educational opportunities for all members to help further their careers. Ie. Licensing, mandatory continuing education, skill development, etc. Libor offers leadership meetings, fair housing courses, accredited buyer representative courses, nar designation courses and online courses and webinars. There were 12,399 registrations for libor zoom/live distance education courses, 1,267 registrations for in person courses/events, and 16,548 registrations for online courses. There were 325 zoom education courses offered and 52 in person courses/events offered.
Psc (professional standards committee) grievance procedures: to provide a committee of peers in which all members may turn to for fair and proper determination of possible ethics violations as well as arbitration, mediation, and ombudsman services.the total number of members who participated in the arbitration or ethic complaint process during the year, including grievance and mediation, was 504.
Realtor store: to provide supplies, products, sales and marketing tools to all members to promote real estate activity. 172 members purchased products through the realtor store. There are approximately 35 supplies and forms available for sale.
Legal help line - to refer members to the free nysar legal helpline to provide access to legal counsel to all members, which will provide general answers to their real estate questions by nysar legal counsel.

Who funds Long Island Board of Realtors (LIBOR)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Association of RealtorsGeneral Support$59,544

Personnel at LIBOR

NameTitleCompensation
Tessa HultzAnd MLS Chief Executive Officer$248,141
Kathleen KennedyVice President of Finance and Accounting$90,152
Amy FletcherDirector of Communications
Pete CarboDirector of It$25,646
Peter CarboDirector of Information Technology
...and 22 more key personnel

Financials for LIBOR

RevenuesFYE 12/2022
Total grants, contributions, etc.$59,544
Program services$7,962,840
Investment income and dividends$104,658
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$30,778
Total revenues$8,157,820

Form 990s for LIBOR

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-14990View PDF
2020-122021-11-12990View PDF
2019-122021-06-25990View PDF
2018-122019-12-06990View PDF
...and 12 more Form 990s
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $59,544 from National Association of Realtors
October 13, 2023
Updated personnel
Identified 1 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Updated personnel
Identified 23 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsReal estate organizationsHeadquarter / parent organizations
Issues
Business and industry
Characteristics
MembershipsState / local levelCommunity engagement / volunteering
General information
Address
300 Sunrise Hwy
West Babylon, NY 11704
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Suffolk County, NY
Website URL
lirealtor.com/brokers-agents 
Phone
(631) 661-4800
Facebook page
LIRealtor 
Twitter profile
@lirealtors 
IRS details
EIN
11-1020780
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1910
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S47: Real Estate Organizations
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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