Realtor Association Of The Sioux Empire Inc is located in Sioux Falls, SD. The organization was established in 1982. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2022, Realtor Association Of The Sioux Empire Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Realtor Association Of The Sioux Empire Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2022, Realtor Association Of The Sioux Empire Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.4m during the year ending 11/2022. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE REAL ESTATE PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REALTOR ASSOCIATION OF THE SIOUX EMPIRE, INC. (ORGANIZATION) WAS ORGANIZED AS A NONPROFIT CORPORATION TO PROVIDE SERVICES TO THE LOCAL REALTOR COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kristen Gulson Ceo/cfo | Officer | 40 | $119,581 |
Anne Nelson President | OfficerTrustee | 5 | $0 |
Tara Allen President-Elect | OfficerTrustee | 5 | $0 |
Melissa Merchant Secretary | OfficerTrustee | 2 | $0 |
Kate Patrick Treasurer | OfficerTrustee | 5 | $0 |
Rick Trapp Ex-Officio | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,436,210 |
Investment income | $21,045 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $33,382 |
Net Income from Fundraising Events | $5,445 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $4,462 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,500,544 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $138,043 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $321,144 |
Pension plan accruals and contributions | $9,534 |
Other employee benefits | $9,603 |
Payroll taxes | $33,741 |
Fees for services: Management | $0 |
Fees for services: Legal | $11,170 |
Fees for services: Accounting | $22,406 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,000 |
Advertising and promotion | $14,975 |
Office expenses | $38,069 |
Information technology | $316,739 |
Royalties | $0 |
Occupancy | $64,800 |
Travel | $71,617 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $123,883 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $36,455 |
Insurance | $5,939 |
All other expenses | $38,061 |
Total functional expenses | $1,355,322 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $609,239 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,860 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $11,093 |
Prepaid expenses and deferred charges | $128,141 |
Net Land, buildings, and equipment | $591,387 |
Investments—publicly traded securities | $837,525 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,495 |
Total assets | $2,199,740 |
Accounts payable and accrued expenses | $62,665 |
Grants payable | $0 |
Deferred revenue | $126,967 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $8,684 |
Total liabilities | $198,316 |
Net assets without donor restrictions | $2,001,424 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,199,740 |
Organization Name | Assets | Revenue |
---|---|---|
Higher Ground Building Company St Paul, MN | $19,969,103 | $1,882,072 |
Montana Assn Of Realtors Helena, MT | $6,057,562 | $1,938,232 |
Realtor Association Of The Sioux Empire Inc Sioux Falls, SD | $2,199,740 | $1,500,544 |
Omaha Area Board Of Realtors Omaha, NE | $3,033,383 | $1,260,890 |
Aase Haugen Properties Inc Decorah, IA | $9,431,612 | $1,162,340 |
Education Minnesota Properties Inc St Paul, MN | $3,348,632 | $1,061,633 |
Uvlf Opportunities Inc Minneapolis, MN | $22,216 | $75,874 |
Fargo-Moorhead Area Assoc Of Realtors Fargo, ND | $2,902,093 | $879,931 |
Iuoe 49 Agc Building Corporation Hinckley, MN | $11,630,874 | $431,075 |
Wyoming Realtors Inc Casper, WY | $2,009,966 | $961,991 |
North Dakota Association Of Realtors Bismarck, ND | $2,222,982 | $853,575 |
Stonebridge Building Company Minneapolis, MN | $4,501,218 | $813,708 |