Mount Rushmore Area Association Of Realtors

Organization Overview

Mount Rushmore Area Association Of Realtors is located in Spearfish, SD. The organization was established in 1998. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Mount Rushmore Area Association Of Realtors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Rushmore Area 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, Mount Rushmore Area Association Of Realtors generated $592.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $583.4k during the year ending 12/2021. While expenses have increased by 18.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE MT. RUSHOMRE AREA ASSOC. OF REALTORS IS TO UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION THROUGHOUT LAWRENCE, BUTTE, MEADE, PERKINGS AND HARDING COUNTIES OF SOUTH DAKOTA FOR:A)THE PURPOSE OF EXERTING A BENFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTERESTS;B)TO PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AS STATED IN THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF REALTORS;C)TO PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION TO SAFEGUARD AND ADVANCE THEIR INTEREST;D)TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP;E)TO UNITE THOSE ENGAGED IN THE REAL ESTATE PROFESSION IN THESE COMMUNITIES WITH THE SOUTH DAKOTA ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS, THEREBY FURTHERING THEIR OBJECTIVES THROUGHOUT THE STATE AND NATIONALLY.THE ASSOCIATION MAINTAINED AN OFFICE AND PROFESSIONAL STAFF TO SERVE THE MEMEBERS.THE A

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTION & REMITTANCE OF REALTOR DUES FOR ALL MEMBERS IN THE BLACK HILLS AREA AS DESCRIBED IN PRIMARY EXEMPT PURPOSE


REALTOR EDUCATION FOR NEW BLACK HILLS AREA REALTORS


COORDINATION WITH OTHER STATE REALTORS & ORGANIZATIONS FOR BENEFIT OF BETTERMET OF REAL ESTATE INDUSTRY IN THE BLACK HILLS AREA.


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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$218,580
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$1
Miscellaneous Revenue$0
Total Revenue $592,470

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