2025-02-12T14:30:25-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2023-01-01 566060775 LAND OF THE SKY ASSOCIATION OF REALTORS LAND 8282558505 21 RESTAURANT CT ASHEVILLE NC 28805 DAVID WEST CEO 8282558505 2025-02-12 1 1 MELANIE MCPEAK P01346034 7043771678 2023 2025-03-06 01:10:19Z DAVID WEST 21 RESTAURANT CT ASHEVILLE NC 28805 1378021 0 X WWW.LOTSAR.ORG X 1928 NC LOTSAR'S MISSION IS TO ENHANCE OUR MEMBERS' ABILITY TO SUCCEED, TO FOSTER HIGH ETHICAL STANDARDS, AND TO PROMOTE PRIVATE PROPERTY RIGHTS. 10 10 8 10 0 0 0 62385 1035244 1047290 3612 21182 154652 156699 1193508 1287556 25467 24280 0 0 675863 698975 0 0 0 508091 630920 1209421 1354175 -15913 -66619 5787479 5756848 634016 751490 5153463 5005358 X TO PROMOTE AND MAINTAIN HIGH STANDARDS OF ETHICAL CONDUCT IN THE PROFESSION; PROVIDE A UNIFIED MEDIUM TO SAFEGUARD AND ADVANCE THE INTERESTS OF REAL ESTATE OWNERS AND THOSE IN THE PROFESSION; UNITE THOSE ENGAGED IN THE PROFESSION IN THIS REGION IN ORDER TO CREATE BUSINESS CONDITIONS AND CONNECT THEM WITH THE NC ASSOCIATION OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS; TO ENCOURAGE PROFESSIONAL GROWTH THROUGH EDUCATIONAL OPPORTUNITIES; TO ENCOURAGE AND FOSTER MEMBER PARTICIPATION; TO PROVIDE HIGH-QUALITY SERVICES SUCH AS THE MULTIPLE LISTING SERVICE AND THE REAL ESTATE WEEKLY/MONTHLY; AND TO DESIGNATE, FOR THE BENEFIT OF THE PUBLIC, THOSE INDIVIDUALS AUTHORIZED TO USE THE TERMS REALTOR AND REALTORS AS LICENSED, PRESCRIBED, AND CONTROLLED BY THE NATIONAL ASSOCIATION OF REALTORS. 0 0 MAINTAIN RESPONSIBILITY OF ORGANIZATION'S MEMBERS IN THEIR DUTY TO THE PUBLIC BY PROVIDING EDUCATION AND TRAINING AS WELL AS KEEPING MEMBERS UP TO DATE ON LEGISLATIVE CHANGES. FOSTER FELLOWSHIP AMONG MEMBERS AND ENHANCE THE PUBLIC PERCEPTION OF THE REAL ESTATE PROFESSIONAL BY PROVIDING AN ANNUAL TRADE SHOW AND MANY OPPORTUNITIES FOR NETWORKING. ENFORCE FAIR DEALINGS BY MAINTAINING QUALITY ETHICAL STANDARDS. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 8 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X THE ORGANIZATION 8282558505 21 RESTAURANT CT ASHEVILLE NC 28805 STEVE BARNES PRESIDENT 2.00 0.00 X X 0 0 0 NICK HINTON PRESIDENT ELECT 2.00 0.00 X X 0 0 0 MARK D MATHEWS TREASURER 2.00 0.00 X X 0 0 0 DEBBIE WILLIAMS SECRETARY 2.00 0.00 X X 0 0 0 WALLACE SHEALY PAST PRESIDENT 2.00 0.00 X 0 0 0 RANDALL BARNETT DIRECTOR 2.00 0.00 X 0 0 0 NEELY NEU DIRECTOR 2.00 0.00 X 0 0 0 BILL PALAS DIRECTOR 2.00 0.00 X 0 0 0 VALEN W VERA CRUZ DIRECTOR 2.00 0.00 X 0 0 0 ELIZABETH WIEDERHOLD DIRECTOR 2.00 0.00 X 0 0 0 DAVID WEST CEO 45.00 0.00 X 169193 0 438 GAIL THOMAS CFO 45.00 0.00 X 103119 0 14625 272312 0 15063 2 0 1 0 0 62385 62385 MEMBERSHIP DUES 531390 949439 949439 CONTINUING EDUCATION 611600 97851 97851 1047290 23622 23622 153538 0 153538 153538 153538 88025 90465 -2440 -2440 -2440 MISCELLANEOUS REVENUE 900099 1661 1661 MEMBER EMAIL LIST REV 900099 1500 1500 3161 1287556 1047290 0 177881 24280 277059 328624 47635 45657 19038 22393 33200 4600 41584 30165 79868 43172 57213 169 147498 15838 EDUCATION & SEMINARS 52158 TAXES & LICENSES 40480 DUES AND SUBSCRIPTIONS 15714 EQUIPMENT 4061 23769 1354175 500 487 1664632 1708315 0 20000 3725 6548 6171 20261 4959788 958551 4112451 4001237 5787479 5756848 44677 38885 556278 712605 33061 0 634016 751490 X 5153463 5005358 5153463 5005358 5787479 5756848 -66619 -187 -81299 0 X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 431971 431971 2597576 719600 1877976 1600354 95153 1505201 329887 143798 186089 4001237 X PART X, LINE 2: THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, IT IS LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS REQUIRED TO FILE FORM 990 "RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX." ALL FILINGS ARE CURRENT; HOWEVER, TAX YEARS 2022, 2021, AND 2020 COULD BE SELECTED FOR AUDIT BY THE INTERNAL REVENUE SERVICE BASED ON STATUTE OF LIMITATION LAWS. 1 MOUNTAIN HOUSING OPPORTUNITIES 64 CLINGMAN AVE SUITE 101 ASHEVILLE NC 28801 581816998 501(C)(3) 6000 0 BUILD & IMPROVE HOMES, NEIGHBORHOODS, COMMUNITIES & LIVES THRIVE ASHEVILLE 15 WESTGATE RD ASHEVILLE NC 28806 871110868 501(C)(3) 11000 0 LANDLORD-TENANT PARTNERSHIP; BUNCOMBE RENTAL ASSISTANCE COLLABORATIVE WEBSITE 2 0 PART I, LINE 2: GRANTS ARE MADE TO ESTABLISHED 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR EXISTING PROGRAMS. NO MONITORING IS DEEMED NECESSARY. X X X X 0 0 0 DAVID WEST CEO 166793 0 0 0 2400 0 0 0 438 0 169631 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LAND OF THE SKY ASSOCIATION OF REALTORS, INC. HAS SEVEN CLASSES OF "MEMBERS" AS FOLLOWS: REALTOR MEMBERS, INSTITUTE AFFILIATE MEMBERS, ALLIED MEMBERS, PUBLIC SERVICE MEMBERS, HONORARY MEMBERS, STUDENT MEMBERS AND LIFE MEMBERS. HOWEVER, ONLY REALTOR MEMBERS HAVE THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. REALTOR MEMBERS HAVE THE RIGHT TO VOTE AND THE RIGHT TO BE ELECTED TO OFFICE. REALTOR MEMBERS ARE INDIVIDUALS WHO ARE ACTIVELY ENGAGED IN THE REAL ESTATE PROFESSION, INCLUDING BUYING, SELLING, EXCHANGING, RENTING OR LEASING, MANAGING, APPRAISING FOR OTHERS FOR COMPENSATION, COUNSELING, BUILDING, DEVELOPING OR SUBDIVIDING REAL ESTATE, AND WHO MAINTAIN OR ARE ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE IN THE STATE OF NORTH CAROLINA OR A CONTIGUOUS STATE. FORM 990, PART VI, SECTION A, LINE 7A REALTOR MEMBERS HAVE THE RIGHT TO VOTE IN ELECTION THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B REALTOR MEMBERS HAVE THE RIGHT TO VOTE ON ANY UNBUDGETED EXPENDITURES IN EXCESS OF 5% OF THE CURRENT YEAR BUDGET. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS COMPLETED BY THE PREPARER, THE FORM IS FIRST REVIEWED BY THE FINANCE COMMITTEE. ONCE APPROVED BY THE FINANCE COMMITTEE, THE FORM 990 IS THEN REVIEWED BY THE FULL BOARD OF DIRECTORS. ONCE APPROVED BY THE BOARD OF DIRECTORS, THE FORM 990 CAN THEN BE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INDIVIDUALS SERVING AS OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS OR VOLUNTEER COMMITTEE MEMBERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY - HEREIN AFTER REFERRED TO AS LEADERS. EACH LEADER IS REQUIRED TO REVIEW THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY AND TO ACKNOWLEDGE IN WRITING THAT THEY HAVE DONE SO. EACH LEADER MUST ALSO ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE LEADER IS INVOLVED THAT THE LEADER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. ANY LEADER WITH ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MUST IMMEDIATELY DISCLOSE ALL FACTS MATERIAL TO THE ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE DECISION MAKING BODY, WHETHER THE BOARD OF DIRECTORS OR A COMMITTEE APPOINTED BY THE BOARD. IN THE EVENT OF AN ACTUAL CONFLICT OF INTEREST, THE LEADER WILL BE EXCUSED FROM DISCUSSIONS RELATED TO THE MATTER. FURTHERMORE, NO LEADER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE LEADER HAS A CONFLICT OF INTEREST AND WILL NOT BE PERMITTED TO BE PRESENT IN THE MEETING ROOM TO HEAR THE DISCUSSION ON THE MATTER OR OBSERVE ANY VOTE TAKEN ON THE MATTER. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE LEADER WITH THE POTENTIAL CONFLICT OF INTEREST SHALL DISCLOSE THE CIRCUMSTANCES AT THE OUTSET OF ANY DISCUSSION AND THE DECISION MAKING BODY WILL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S PROCESS FOR DETERMINING THE COMPENSATION OF CERTAIN KEY EMPLOYEES INCLUDES THE CEO AND THE CFO, AS WELL AS ANY OTHER PERSON EMPLOYED, ELECTED OR APPOINTED TO MANAGE SOME PORTION OF THE ORGANIZATION'S DAILY OPERATIONS, SUCH AS A VICE PRESIDENT, SECRETARY, OR TREASURER. THE COMPENSATION OF THE PERSONS SUBJECT TO THE POLICY IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. THE COMPENSATION OF THESE PERSONS IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION OF THESE PERSONS IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE ORGANIZATION RETAINS AN INDEPENDENT CONSULTANT PERIODICALLY TO COMPILE THIS COMPARABILITY DATA. THE VP OF HUMAN RESOURCES GATHERS THE COMPARABILITY DATA IN ALL OTHER YEARS. THE DELIBERATIONS AND DECISIONS OF THE EXECUTIVE COMMITTEE WITH RESPECT OT COMPENSATION DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC IN ITS OFFICE AND THE ORGANIZATION'S BYLAWS ARE POSTED ON ITS WEBSITE.