Civic Intelligence

Bismarck-Mandan Board of Realtors

EIN 45-0311975 • 501(c)6 • Bismarck, ND

Bismarck, ND
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.45x

Higher debt load relative to assets than 74% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.97x

Higher debt load relative to revenue than 81% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$127,339

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

23rd percentile

-5.4%

Faster asset growth than 23% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

9.6%

Faster revenue growth than 56% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,928,054

Down $110,553 (-5.4%) from 2023

Liabilities

Down

$863,409

Down $126,585 (-13%) from 2023

Net Assets

Up

$1,064,645

Up $16,032 (+1.5%) from 2023

Revenue

Up

$894,205

Up $78,348 (+9.6%) from 2023

Expenses

Up

$887,710

Up $93,542 (+12%) from 2023

Net Income

Down

$6,495

Down $15,194 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2023: $2,038,607Liabilities 2023: $989,994Net Assets 2023: $1,048,6132023Assets 2024: $1,928,054Liabilities 2024: $863,409Net Assets 2024: $1,064,6452024

Highlighted filing

2024

Assets$1,928,054
Liabilities$863,409
Net Assets$1,064,645

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Revenue 2023: $815,857Expenses 2023: $794,168Net Income 2023: $21,6892023Revenue 2024: $894,205Expenses 2024: $887,710Net Income 2024: $6,4952024

Highlighted filing

2024

Revenue$894,205
Expenses$887,710
Net Income$6,495

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.0
Gross Receipts
$1,095,254
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,301,114$1,317,319▲ $16,205
Savings and Temporary Cash Investments$435,044$393,712▼ $41,332
Prepaid Expenses and Deferred Charges$32,916$29,816▼ $3,100
Land, Buildings, and Equipment, Net$5,767$9,895▲ $4,128
Accounts Receivable$3,311$202▼ $3,109
Total Assets$2,038,607$1,928,054▼ $110,553
Other Assets Total$260,455$177,110▼ $83,345
Liabilities
Other Liabilities$784,854$646,576▼ $138,278
Deferred Revenue$203,949$213,721▲ $9,772
Accounts Payable and Accrued Expenses$1,191$3,112▲ $1,921
Total Liabilities$989,994$863,409▼ $126,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,048,613$1,064,645▲ $16,032
Total Net Assets Fund Balance$1,048,613$1,064,645▲ $16,032
Total Liabilities and Net Assets / Fund Balance$2,038,607$1,928,054▼ $110,553

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,895$7,740$17,635
Other Assets Org$177,110--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy SpencerChief ExecutFT$121,275$6,064$127,339

Board Members and Trustees

NameTitle
Mary OhlauserPresident
Jason SchmidtPresident El
Amber SandnessDirector
Amy AscheDirector
Beth PoseyDirector
Bill DeanDirector
Brenda FosterDirector
Nate SeifertDirector
Heidi HilzendegerPast Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$10,650
Program Service Revenue
$742,344
Investment Income
$29,754
Other Revenue
$111,457
All Other Contributions
$10,650
Change in Net Assets
$6,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$620,091
Salaries, Compensation, and Employee Benefits$267,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$127,339
Other Salaries and Wages---$117,168
Information Technology---$78,411
Occupancy---$66,500
Conferences and Meetings---$59,240
Advertising---$44,196
Office Expenses---$35,734
Fees for Services Accounting---$19,073
Payroll Taxes---$18,536
Pension Plan Contributions---$4,576
Other Expenses---$4,397
All Other Expenses---$3,560
Fees for Service Investment Mgmnt Fees---$3,438
Insurance---$1,575
Depreciation Depletion---$1,036
Fees for Services Legal---$315
Interest---$4
Total Functional Expenses$0$0$0$887,710
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,464
Fundraising Direct Expenses$34,199
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$34,464$34,464$34,199$265
Total Events$34,464$34,464$34,199$265
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payable - Real Estate Assn Partners$444,760
Lease Liability$177,458
Due to React$9,792
Accrued Leave Liability$8,218
Federal and State Ubit$6,294
Payroll Liabilities$54
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members are real estate agents and affiliated entities.

Form 990, Page 6, Part VI, Line 7A

The general membership elects the board of directors.

Form 990, Page 6, Part VI, Line 11B

The chief executive officer will review the return prior to filing and make copies available at the next board meeting.

Form 990, Page 6, Part VI, Line 15A

The board approves the chief executive officer compensation in the annual budget.

Form 990, Page 6, Part VI, Line 15B

The chief executive officer sets wages for other positions in the annual budget submitted to the board for approval.

Form 990, Page 6, Part VI, Line 19

Available upon request to board office

Filing and Contact Details

Filer

Filer Name
Bismarck-mandan Board of Realtors
EIN
45-0311975
Phone
7012550712
Address
1616 CAPITOL WAY, BISMARCK, ND 58501

Signing Officer

Name
Wendy Spencer
Title
Chief Executive Offi
Phone
7012550712
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Spencer
Formed
1971
Legal Domicile
Nd
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
55

Preparer

Firm
Haga Kommer Ltd
Address
204 E MAIN ST, MANDAN, ND 58554
Preparer
Lynnell Rude CPA
Phone
7016639345
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 1, Part I, Line 6

Board members volunteer their time. Members volunteer at events.

Form 990, Page 2, Part III, Line 4A

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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS VOLUNTEER THEIR TIME. MEMBERS VOLUNTEER AT EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BMBOR 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ARE REAL ESTATE AGENTS AND AFFILIATED ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GENERAL MEMBERSHIP ELECTS THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CHIEF EXECUTIVE OFFICER WILL REVIEW THE RETURN PRIOR TO FILING AND MAKE COPIES AVAILABLE AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD APPROVES THE CHIEF EXECUTIVE OFFICER COMPENSATION IN THE ANNUAL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CHIEF EXECUTIVE OFFICER SETS WAGES FOR OTHER POSITIONS IN THE ANNUAL BUDGET SUBMITTED TO THE BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE UPON REQUEST TO BOARD OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
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