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        <Desc>LATE FEES</Desc>
        <BusinessCd>531390</BusinessCd>
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        <RelatedOrExemptFuncIncomeAmt>16681</RelatedOrExemptFuncIncomeAmt>
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      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>911637</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>764677</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>22673</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>124287</ExclusionAmt>
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      <CompCurrentOfcrDirectorsGrp>
        <TotalAmt>30426</TotalAmt>
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      <OtherSalariesAndWagesGrp>
        <TotalAmt>263890</TotalAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>5659</TotalAmt>
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      <OtherEmployeeBenefitsGrp>
        <TotalAmt>28890</TotalAmt>
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      <PayrollTaxesGrp>
        <TotalAmt>25906</TotalAmt>
      </PayrollTaxesGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>22427</TotalAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>33936</TotalAmt>
      </FeesForServicesAccountingGrp>
      <FeesForSrvcInvstMgmntFeesGrp>
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        <Desc>990T INCOME TAXES</Desc>
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        <TotalAmt>101789</TotalAmt>
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        <Desc>STAFF TRAINING</Desc>
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        <EOYAmt>532069</EOYAmt>
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        <EOYAmt>18313</EOYAmt>
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        <EOYAmt>104549</EOYAmt>
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        <EOYAmt>652354</EOYAmt>
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        <EOYAmt>2599776</EOYAmt>
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      <OtherLiabilitiesGrp>
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        <EOYAmt>10692</EOYAmt>
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      <TotalLiabilitiesGrp>
        <BOYAmt>2722811</BOYAmt>
        <EOYAmt>3367371</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
        <BOYAmt>2773052</BOYAmt>
        <EOYAmt>2721237</EOYAmt>
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      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>2773052</BOYAmt>
        <EOYAmt>2721237</EOYAmt>
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      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>5495863</BOYAmt>
        <EOYAmt>6088608</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>-115902</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>66382</NetUnrlzdGainsLossesInvstAmt>
      <PriorPeriodAdjustmentsAmt>-3701</PriorPeriodAdjustmentsAmt>
      <OtherChangesInNetAssetsAmt>1406</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>1</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>0</FSAuditedInd>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LandGrp>
        <OtherCostOrOtherBasisAmt>704000</OtherCostOrOtherBasisAmt>
        <BookValueAmt>704000</BookValueAmt>
      </LandGrp>
      <BuildingsGrp>
        <OtherCostOrOtherBasisAmt>2974154</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>50839</DepreciationAmt>
        <BookValueAmt>2923315</BookValueAmt>
      </BuildingsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>133076</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>42395</DepreciationAmt>
        <BookValueAmt>90681</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>3717996</TotalBookValueLandBuildingsAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>DUES PAYABLE</Desc>
        <Amt>10692</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>10692</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>YES, THE ORGANIZATION HAS CLASSES OF MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>YES, THE ORGANIZATION HAS MEMBERS WHO HAVE THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>YES, MAJOR DECISIONS MADE BY THE BOARD ARE SUBJECT TO APPROVAL BY THE MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 RETURN IS REVIEWED BY THE EXECUTIVE COMMITTEE AFTER IT HAS BEEN FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>YES, COMPLIANCE WITH THE POLICY IS CHECKED ON AN ANNUAL BASIS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>YES, COMPENSATION OF THE EXECUTIVE OFFICER IS DETERMINED BY THE EXECUTIVE COMMITTEE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>BOOK/TAX DEPRECIATION DIFF 1,407. BOOK/TAX DIFF ON DISP OF FIXED ASSE -4. ROUNDING 3.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043500001">
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>BIG SKY COUNTRY MLS INC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>4020 VALLEY COMMONS DR</AddressLine1Txt>
          <CityNm>BOZEMAN</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59718</ZIPCd>
        </USAddress>
        <EIN>813599590</EIN>
        <PrimaryActivitiesTxt>MULTIPLE LISTING SERVICE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>MT</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>GALLATIN ASSOCIATION OF REALTORS</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>C</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>1255680</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>2027933</ShareOfEOYAssetsAmt>
        <OwnershipPct>1.00000</OwnershipPct>
        <ControlledOrganizationInd>1</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>1</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>0</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>1</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>1</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>1</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>1</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>0</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>1</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>BIG SKY COUNTRY MLS INC</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>A</TransactionTypeTxt>
        <InvolvedAmt>13311</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRACKING IN ACCOUNTING SOFTWARE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>BIG SKY COUNTRY MLS INC</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>F</TransactionTypeTxt>
        <InvolvedAmt>74500</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRACKING IN ACCOUNTING SOFTWARE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>BIG SKY COUNTRY MLS INC</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>J</TransactionTypeTxt>
        <InvolvedAmt>32040</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>TRACKING IN ACCOUNTING SOFTWARE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>