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Nonprofit · EIN 56-6060775

LAND OF THE SKY ASSOCIATION OF REALTORS INC

Tax-exempt · ASHEVILLE, NC 28805

Financials

$1.3M$1.4M2023$1.3M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of LAND OF THE SKY ASSOCIATION OF REALTORS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,292,320$1,322,435-$30,115$5,387,672$410,839$4,976,833
December 31, 2023990$1,287,556$1,354,175-$66,619$5,756,848$751,490$5,005,358
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$57,670
Program service revenue
$1,014,042
Investment income
$48,011
Net rental income
$169,897
Net gain from sales of assets
-$137
Other revenue
$172,597

Expenses

Grants and similar amounts paid
$12,500
Compensation of officers, directors and key employees
$174,389
Other salaries and wages
$354,233
Salaries, compensation and benefits (total)
$608,152
Professional fundraising fees
$0
Legal fees
$7,088
Accounting fees
$64,556
Occupancy
$90,231
Travel
$44,157
Depreciation
$149,305

Balance sheet and other

Total assets, start of year
$5,756,848
Total assets, end of year
$5,387,672
Total liabilities, end of year
$410,839
Net assets, end of year
$4,976,833
Land, buildings and equipment
$3,920,496
Net assets without donor restrictions
$4,976,833
Gross receipts
$1,305,431
Employees
7
Volunteers
13
Year formed
1928
State of legal domicile
NC

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 / weekCompensation
DAVID WESTCEO
Officer
45$174,389
NICK HINTONPRESIDENT
Trustee or director, Officer
2$0
RACHEL BROWNPRESIDENT ELECT
Trustee or director, Officer
2$0
STEVE BARNESPAST PRESIDENT
Trustee or director
2$0
MARK D MATHEWSTREASURER
Trustee or director, Officer
2$0
NEELY NEUSECRETARY
Trustee or director, Officer
2$0
RANDALL BARNETTDIRECTOR
Trustee or director
2$0
BEATRIX H MASOTTIDIRECTOR
Trustee or director
2$0
BILL PALASDIRECTOR
Trustee or director
2$0
VALEN W VERA CRUZDIRECTOR
Trustee or director
2$0
ELIZABETH WIEDERHOLDDIRECTOR
Trustee or director
2$0
ATHENA DYGERTDIRECTOR
Trustee or director
2$0
CHELSEY HETTDIRECTOR
Trustee or director
2$0
KAREN BLACKDIRECTOR
Trustee or director
2$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
DAVID WESTCEO
Officer
45$169,193$438
GAIL THOMASCFO
Officer
45$103,119$14,625
STEVE BARNESPRESIDENT
Trustee or director, Officer
2$0$0
NICK HINTONPRESIDENT ELECT
Trustee or director, Officer
2$0$0
MARK D MATHEWSTREASURER
Trustee or director, Officer
2$0$0
DEBBIE WILLIAMSSECRETARY
Trustee or director, Officer
2$0$0
WALLACE SHEALYPAST PRESIDENT
Trustee or director
2$0$0
RANDALL BARNETTDIRECTOR
Trustee or director
2$0$0
NEELY NEUDIRECTOR
Trustee or director
2$0$0
BILL PALASDIRECTOR
Trustee or director
2$0$0
VALEN W VERA CRUZDIRECTOR
Trustee or director
2$0$0
ELIZABETH WIEDERHOLDDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
21 RESTAURANT CT, ASHEVILLE, NC 28805-8501
Principal officer (990 for 2024)
DAVID WEST, 21 RESTAURANT CT, ASHEVILLE, NC 28805
Signed the 990
DAVID WEST, CEO
Phone
(828) 255-8505
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

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
56-6060775
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1948
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,387,672
Income (IRS master file)
$1,305,431

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,292,320$1,322,435$5,387,672XML
990December 2023$1,287,556$1,354,175$5,756,848XML
990December 2022$1,193,508$1,209,421$5,787,479IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

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 56-6060775).

Questions about LAND OF THE SKY ASSOCIATION OF REALTORS INC

What is the EIN of LAND OF THE SKY ASSOCIATION OF REALTORS INC?
The employer identification number (EIN) of LAND OF THE SKY ASSOCIATION OF REALTORS INC is 56-6060775.
Is LAND OF THE SKY ASSOCIATION OF REALTORS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1948.
Are donations to LAND OF THE SKY ASSOCIATION OF REALTORS INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAND OF THE SKY ASSOCIATION OF REALTORS INC 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 LAND OF THE SKY ASSOCIATION OF REALTORS INC 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 LAND OF THE SKY ASSOCIATION OF REALTORS INC 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 LAND OF THE SKY ASSOCIATION OF REALTORS INC?
The 990 for the year ended December 31, 2024 names DAVID WEST.
Who are the officers and directors of LAND OF THE SKY ASSOCIATION OF REALTORS INC?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $174,389 (DAVID WEST, CEO).
How much revenue does LAND OF THE SKY ASSOCIATION OF REALTORS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,292,320, expenses of $1,322,435 and total assets of $5,387,672 at year end.

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