Mammoth Lakes Board of Realtors

“No review was or will be conducted.”

“No documents available to the public.”

“All realtors in mono and inyo counties are eligible to become members of the organization. There are no shareholders or equity ownership of the organization.”

“The designated realtor of each real estate office can appoint a maximum of two members (in good standing) from their office to serve on the board of directors. The officers are elected by the board of directors.”

“A copy of the final verison of form 990 is emailed to the treasurer and association executivr before it is filed who review it before it is filed. The board of directors are notified of the filing and a copy of the form 990 is made available at the next board of directors meeting.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring all members of the board of directors to sign a copy of the organization's code of coduct when they are elected and staff members sign a copy when they are hired. In addition each director signs a statement acknowledging antitrust avoidance, conflicts of interest and confidentiality requirements at each board of directors and committee meeting they attend.”

“The human resources committee of the board of directors recommends the amount of compensation of employees to the board of directors for approval. The association executive was the only employee during the year.”

“The organization makes its governing documents and mls rules and regulations avaialble on its wesite. Each member is given the conflift of interest policy. Financial statements are available to members upon request and are not made available to the public.”

“Book accrual to tax cash adjustments = $22902”

“book depreciation adjustment = $84”

“LPL FINANCIAL = -$4074”

“Net unrealized gains/losses on investments = -$29376”

“OTHER DECREASES = -$975”

“Tax cash basis to book accrual basis items:member accounts receivable 12/31/2024 11,453 member accounts receivable 12/31/2023 -14,763accounts payable 12/31/2024 -2,426accounts payable 12/31/2023 5,920accrued expenses 12/31/2024 -2,400accrued expenses 12/31/2023 22,675deferred revenue 12/31/2024 -29,220deferred revenue 12/31/2023 31,663total changes; 22,902”

“Membership, mls listing services, realtor education and training and coordination of real estate forms and activities associated with the selling and listing of mammoth lakes properties.”