Billings Association Of Realtors
- Assets
- $2.3m
- Revenue
- $807.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Billings, MT
- Founding
- 01/1967
- Data as of
- 12/2023
- 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 12/2023, Billings Association Of Realtors employed 5 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 12/2023, Billings Association Of Realtors generated $807.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $875.1k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
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 |
|---|---|---|---|
Mary Grant Executive Of | Officer | 40 | $100,991 |
Dennis Cook Past Preside | Officer | 2 | $0 |
Liz Francis President | Officer | 2 | $0 |
Anglea Klein-Hughes Treasurer | Officer | 2 | $0 |
Mikayla Kovash President El | Officer | 2 | $0 |
Billie Parott Vp/secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,999 |
| 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 | $87,999 |
| Total Program Service Revenue | $337,142 |
| Investment income | $25,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,855 |
| Net Income from Fundraising Events | -$62,996 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $415,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $807,854 |
| 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 | $288,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,548 |
| Payroll taxes | $24,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $61,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,295 |
| Office expenses | $108,006 |
| Information technology | $7,898 |
| Royalties | $0 |
| Occupancy | $33,989 |
| Travel | $44,524 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $157,334 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,770 |
| Insurance | $7,029 |
| All other expenses | $0 |
| Total functional expenses | $875,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $49,769 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $98,517 |
| Net Land, buildings, and equipment | $955,663 |
| Investments—publicly traded securities | $993,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,258,295 |
| Accounts payable and accrued expenses | $121,975 |
| Grants payable | $0 |
| Deferred revenue | $48,435 |
| 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 | $177,010 |
| 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 | $2,081,285 |
| Total liabilities and net assets/fund balances | $2,258,295 |