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Nonprofit · EIN 45-0311975

BISMARCK-MANDAN BOARD OF REALTORS

Tax-exempt · BISMARCK, ND 58501

Financials

$816K$794K2023$894K$888K2024
Revenue Expenses · by fiscal year end
Financials of BISMARCK-MANDAN BOARD OF REALTORS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$894,205$887,710$6,495$1,928,054$863,409$1,064,645
December 31, 2023990$815,857$794,168$21,689$2,038,607$989,994$1,048,613
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,650
Program service revenue
$742,344
Investment income
$29,754
Net gain from sales of assets
-$4,977
Net income from fundraising events
$265
Other revenue
$111,457

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$127,339
Other salaries and wages
$117,168
Salaries, compensation and benefits (total)
$267,619
Professional fundraising fees
$0
Legal fees
$315
Accounting fees
$19,073
Occupancy
$66,500
Depreciation
$1,036

Balance sheet and other

Total assets, start of year
$2,038,607
Total assets, end of year
$1,928,054
Total liabilities, end of year
$863,409
Net assets, end of year
$1,064,645
Land, buildings and equipment
$9,895
Publicly traded securities
$1,317,319
Net assets without donor restrictions
$1,064,645
Gross unrelated business income
$564,679
Gross receipts
$1,095,254
Employees
3
Volunteers
55
Year formed
1971
State of legal domicile
ND

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
WENDY SPENCERCHIEF EXECUT
Officer
40$121,275$6,064
MARY OHLAUSERPRESIDENT
Trustee or director, Officer
1$0$0
JASON SCHMIDTPRESIDENT EL
Trustee or director, Officer
1$0$0
HEIDI HILZENDEGERPAST PRESIDE
Trustee or director, Officer
1$0$0
BRENDA FOSTERDIRECTOR
Trustee or director
1$0$0
BILL DEANDIRECTOR
Trustee or director
1$0$0
BETH POSEYDIRECTOR
Trustee or director
1$0$0
NATE SEIFERTDIRECTOR
Trustee or director
1$0$0
AMBER SANDNESSDIRECTOR
Trustee or director
1$0$0
BRENDA FOSTERDIRECTOR
Trustee or director
1$0$0
AMY ASCHEDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
WENDY SPENCERCHIEF EXECUT
Officer
40$95,000$4,750
HEIDI HILZENDEGERPRESIDENT
Trustee or director, Officer
1$0$0
MARY OLHAUSERPRESIDENT EL
Trustee or director, Officer
1$0$0
JASON SCHMIDTVICE PRESIDE
Trustee or director, Officer
1$0$0
JEFF WHITEPAST PRESIDE
Trustee or director, Officer
1$0$0
MIKE BOHRERDIRECTOR
Trustee or director
1$0$0
BILL DEANDIRECTOR
Trustee or director
1$0$0
BRENDA FOSTERDIRECTOR
Trustee or director
1$0$0
JENNIFER HATZENBUHLERDIRECTOR
Trustee or director
1$0$0
AMBER SANDNESSDIRECTOR
Trustee or director
1$0$0
NATE SEIFERTDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1616 E CAPITOL WAY, BISMARCK, ND 58501-2100
Principal officer (990 for 2024)
WENDY SPENCER, 1616 CAPITOL WAY, BISMARCK, ND 58501
Signed the 990
WENDY SPENCER, CHIEF EXECUTIVE OFFI
Phone
(701) 255-0712
Website
BMBOR.ORG
Return prepared by
HAGA KOMMER LTD

Mission

PROVIDE MEMBER PROGRAMS AND SERVICES TO ENHANCE MEMBERS' OPPORTUNITY AND ABILITY TO CONDUCT THEIR BUSINESS SUCCESSFULLY WITH COMPETENCE AND INTEGRITY. ADVOCATE AND PROMOTE THE PRESERVATION OF THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY. PROVIDE AVENUES FOR EDUCATION PROFESSIONAL AND PERSONAL GROWTH, AND COMMUNITY SERVICE AND UPHOLD THE REALTOR CODE OF ETHICS AS OUTLINED BY THE NATIONAL ASSOCIATION OF REALTORS.

990 for the year ended December 31, 2024

Program accomplishments

  • BMBOR OFFERS PROFESSIONAL DEVELOPMENT PROGRAMS TO HELP OUR NEARLY 500 REALTOR MEMBERS ENHANCE THEIR SKILLS AND EXPERTISE. THESE PROGRAMS INCLUDE EDUCATIONAL SEMINARS, WORKSHOPS, AND CERTIFICATION COURSES ON VARIOUS REAL ESTATE TOPICS LIKE ETHICS, NEGOTIATION STRATEGIES, AND REAL ESTATE LAW. IN 2024, BMBOR PROVIDED SEVERAL EDUCATIONAL SESSIONS ATTENDED BY OVER 300 MEMBERS, LEADING TO IMPROVED CLIENT SERVICE AND A MORE KNOWLEDGEABLE WORKFORCE IN THE REAL ESTATE INDUSTRY. BMBOR PLAYS A KEY ROLE IN MONITORING AND ADVOCATING FOR BEST PRACTICES, REGULATIONS, AND POLICIES THAT AFFECT THE REAL ESTATE INDUSTRY. WE ACTIVELY MONITOR LEGISLATIVE DEVELOPMENTS, LOCAL ZONING LAWS, AND INDUSTRY STANDARDS TO ENSURE OUR MEMBERS REMAIN INFORMED AND COMPLIANT WITH THE LATEST REQUIREMENTS. BMBOR FOSTERS A SENSE OF COMMUNITY AMONG ITS MEMBERS BY PROVIDING OPPORTUNITIES FOR NETWORKING, PEER SUPPORT, AND COLLABORATIVE GROWTH. WE HOST MONTHLY MEETINGS AND SOCIAL EVENTS WHERE REALTORS CAN SHARE INSIGHTS, DISCUSS CHALLENGES, AND BUILD RELATIONSHIPS WITH OTHER PROFESSIONALS. IN 2024, OUR NETWORKING EVENTS ATTRACTED OVER 300 MEMBERS, PROVIDING VALUABLE COLLABORATION AND BUSINESS DEVELOPMENT OPPORTUNITIES. BMBOR IS COMMITTED TO SUPPORTING LOCAL COMMUNITIES AND RAISING AWARENESS OF THE REAL ESTATE PROFESSION. THROUGH OUTREACH CAMPAIGNS, WE AIM TO EDUCATE THE PUBLIC ABOUT THE BENEFITS OF WORKING WITH QUALIFIED REALTORS AND PROMOTE ETHICAL PRACTICES IN REAL ESTATE TRANSACTIONS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-0311975
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,928,054
Income (IRS master file)
$1,095,254

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$894,205$887,710$1,928,054XML
990December 2023$815,857$794,168$2,038,607XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0311975).

Questions about BISMARCK-MANDAN BOARD OF REALTORS

What is the EIN of BISMARCK-MANDAN BOARD OF REALTORS?
The employer identification number (EIN) of BISMARCK-MANDAN BOARD OF REALTORS is 45-0311975.
Is BISMARCK-MANDAN BOARD OF REALTORS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2023.
Which annual return does BISMARCK-MANDAN BOARD OF REALTORS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BISMARCK-MANDAN BOARD OF REALTORS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BISMARCK-MANDAN BOARD OF REALTORS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BISMARCK-MANDAN BOARD OF REALTORS?
The 990 for the year ended December 31, 2024 names WENDY SPENCER.
Who are the officers and directors of BISMARCK-MANDAN BOARD OF REALTORS?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $121,275 (WENDY SPENCER, CHIEF EXECUT).
How much revenue does BISMARCK-MANDAN BOARD OF REALTORS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $894,205, expenses of $887,710 and total assets of $1,928,054 at year end.

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