Billings Association Of Realtors
- Assets
- $2.4m
- Revenue
- $759.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Billings, MT
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 81-6017570
Organization Overview
Billings Association Of Realtors is located in Billings, MT. The organization was established in 1967. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Billings Association Of Realtors employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Association Of Realtors 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 12/2021, Billings Association Of Realtors generated $759.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $575.1k during the year ending 12/2021. While expenses have increased by 0.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS
TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Cook Vp/secretary | Officer | $0 | |
Wf Erben President | Officer | $0 | |
Mary Grant Executive Of | Officer | $0 | |
Deb Parker Past Preside | Officer | $0 |
Financial Statements
| 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 | $263,418 |
| Investment income | $9,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,687 |
| Net Income from Fundraising Events | -$41,484 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $482,223 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $759,744 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,826 |
| Payroll taxes | $20,888 |
| Fees for services: Management | $1,200 |
| Fees for services: Legal | $4,080 |
| Fees for services: Accounting | $17,371 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,703 |
| Office expenses | $82,623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,579 |
| Travel | -$419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,554 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,857 |
| Insurance | $6,640 |
| All other expenses | $0 |
| Total functional expenses | $575,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,759 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,113 |
| Net Land, buildings, and equipment | $1,073,608 |
| Investments—publicly traded securities | $661,662 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,411,942 |
| Accounts payable and accrued expenses | $88,021 |
| Grants payable | $0 |
| Deferred revenue | $95,537 |
| 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 | $6,600 |
| Total liabilities | $190,158 |
| Net assets without donor restrictions | $0 |
| 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 | $2,221,784 |
| Total liabilities and net assets/fund balances | $2,411,942 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Builders Association Of Fargo- Moorhead Fargo, ND | $1,517,097 | $1,284,531 |
Home Builders Association Of The Sioux Empire Sioux Falls, SD | $1,857,730 | $1,072,833 |
Gallatin Association Of Realtors Bozeman, MT | $5,179,446 | $990,717 |
Billings Association Of Realtors Billings, MT | $2,411,942 | $759,744 |
Black Hills Home Builders Association Rapid City, SD | $558,263 | $582,309 |
Bismarck - Mandan Home Builders Association Bismarck, ND | $749,517 | $526,175 |
Northwest Montana Association Of Realtors Kalispell, MT | $586,988 | $403,882 |
Home Builders Association Of Great Falls Montana Great Falls, MT | $541,052 | $262,333 |
Forman Housing Association Mott, ND | $90,830 | $0 |
Idaho Manufactured Housing Association Boise, ID | $133,741 | $0 |
North Dakota Manufactured Housing Association Minot, ND | $782,534 | $79,558 |
South Dakota Manufactured Housing Association Pierre, SD | $227,513 | $0 |