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Nonprofiteer
← WISCONSIN REALTORS ASSOCIATION

Form 990 for tax year 2022

Filed by WISCONSIN REALTORS ASSOCIATION.

Totals

Total revenue
$8,927,246
Total expenses
$7,393,731
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,542,947
Investment income
$234,997
Other revenue
$149,302
Total assets, end of year
$21,026,159
Total liabilities, end of year
$5,540,870
Net assets or fund balances, end of year
$15,485,289
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBER DUES

    total $4,318,589 · related or exempt $4,318,589

  • 2b · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $4,127,892 · related or exempt $4,124,617 · unrelated business $3,275

  • 2c · Program service revenue: RESEARCH AND DEVELOPMENT FUND

    total $75,680 · related or exempt $75,680

  • 2d · Program service revenue: COMMUNICATIONS

    total $20,786 · related or exempt $420 · unrelated business $20,366

  • 3 · Investment income

    total $148,130 · excluded $148,130

  • 6a · Gross rents

    real property $52,923

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $52,923

  • 6d · Net rental income or loss

    total $52,923 · excluded $52,923

  • 7a · Gross sales of assets other than inventory

    securities $1,111,838

  • 7b · Less cost or other basis and sales expenses

    securities $1,023,174 · other assets $1,797

  • 7c · Gain or loss

    securities $88,664 · other assets -$1,797

  • 7d · Net gain or loss

    total $86,867 · excluded $86,867

  • 11d · All other revenue

    total $96,379 · excluded $96,379

  • 11e · Other revenue, total

    $96,379

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $995,303

  • 7 · Other salaries and wages

    total $2,195,278

  • 8 · Pension plan contributions

    total $190,344

  • 9 · Other employee benefits

    total $234,520

  • 10 · Payroll taxes

    total $209,116

  • 11b · Fees: legal

    total $96,618

  • 11c · Fees: accounting

    total $13,908

  • 11d · Fees: lobbying

    total $220,375

  • 11f · Fees: investment management

    total $37,225

  • 11g · Fees: other

    total $414,199

  • 12 · Advertising and promotion

    total $49,604

  • 13 · Office expenses

    total $523,827

  • 14 · Information technology

    total $225,350

  • 16 · Occupancy

    total $234,548

  • 17 · Travel

    total $207,549

  • 19 · Conferences, conventions and meetings

    total $538,653

  • 22 · Depreciation, depletion and amortization

    total $187,043

  • 23 · Insurance

    total $30,643

  • 24a · Other expenses: FEES

    total $504,287

  • 24b · Other expenses: PROCEED DISTRIBUTIONS

    total $126,894

  • 24c · Other expenses: COST OF SALES

    total $74,181

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $45,766

  • 24e · All other expenses

    total $38,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $385 · end of year $1,486,050

  • 2 · Savings and temporary cash investments

    beginning of year $432,056 · end of year $9,964,693

  • 4 · Accounts receivable

    beginning of year $110,379 · end of year $105,574

  • 8 · Inventories for sale or use

    beginning of year $37,510 · end of year $40,479

  • 9 · Prepaid expenses and deferred charges

    beginning of year $194,339 · end of year $209,944

  • 10a · Land, buildings and equipment: cost or other basis

    $3,511,924

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,152,520

  • 10c · Land, buildings and equipment, net

    beginning of year $1,450,207 · end of year $1,359,404

  • 11 · Investments: publicly traded securities

    beginning of year $17,869,769 · end of year $6,982,240

  • 14 · Intangible assets

    beginning of year $0 · end of year $14,602

  • 15 · Other assets

    beginning of year $1,296,864 · end of year $863,173

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,202,526 · end of year $645,245

  • 19 · Deferred revenue

    beginning of year $3,524,768 · end of year $3,515,491

  • 25 · Other liabilities

    beginning of year $1,236,314 · end of year $1,380,134

  • 27 · Net assets without donor restrictions

    beginning of year $15,427,901 · end of year $15,485,289

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO UNITE LOCAL BOARDS OF REALTORS AND INDIVIDUALS IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SERVING ITS MEMBERS BY FURNISHING PROGRAMS AND SERVICES THAT PROMOTE AN ENVIRONMENT IN WHICH ITS MEMBERS MAY SUCCESSFULLY CONDUCT THEIR INDIVIDUAL BUSINESS WHILE SERVING THEIR CLIENTS AND THE PUBLIC WITH THE HIGHEST DEGREE OF PROFESSIONALISM; AND THROUGH COOPERATIVE ACTION, PRESERVE AND ENHANCE THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY.

Activities or mission (Part I)

TO UNITE LOCAL BOARDS OF REALTORS, HEREINAFTER REFERRED TO AS BOARDS AND THEIR MEMBERS, AND INDIVIDUAL MEMBERS, IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SERVING ITS MEMBERS AND THE NATIONAL ASSOCIATION OF REALTORS IN CONJUNCTION WITH LOCAL BOARDS OF REALTORS BY FURNISHING PROGRAMS AND SERVICES THAT PROMOTE AN ENVIRONMENT IN WHICH ITS MEMBERS MAY SUCCESSFULLY CONDUCT THEIR INDIVIDUAL BUSINESSES WHILE SERVING THEIR CLIENTS AND THE PUBLIC WITH THE HIGHEST DEGREE OF PROFESSIONALISM; AND THROUGH COOPERATIVE ACTION, PRESERVE AND ENHANCE THE RIGHT TO OWN, TRANSFER AND USE REAL PROPERTY.

  • PROFESSIONAL DEVELOPMENT: EXPENSES INCURRED TO PROVIDE INFORMATION, EDUCATION AND TRAINING RELATED TO REAL ESTATE LICENSE LAW, DESIGNATIONS, CONVENTIONS, LEGAL UPDATES, FORMS AND MEMBER SERVICES.

  • LEGAL/ADVOCACY: EXPENSES INCURRED TO PROVIDE SERVICES FOR LEGISLATIVE ADVOCACY, REAL ESTATE MARKET RESEARCH, EXTERNAL MEDIA ACTIVITIES, INFORMATION, PRODUCTS AND LOBBYING SERVICES ON ISSUES IMPORTANT TO PROPERTY OWNERS, REALTORS, AND THE REAL ESTATE INDUSTRY.

  • COMMUNICATIONS: EXPENSES INCURRED TO PROVIDE TECHNICAL AND CREATIVE SUPPORT FOR THE ASSOCIATION'S COMMUNICATION AND PROMOTION OBJECTIVES TO MEMBERS AND NONMEMBERS.

  • PRIVATE PROPERTY ACTION FUND: PROVIDES ACADEMIC RESEARCH, POLLING, DATA ANALYTICS, PUBLIC OUTREACH, AND OTHER PUBLIC AFFAIRS PROGRAMMING TO ASSIST IN LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS ON ISSUES IMPORTANT TO PROPERTY OWNERS, REALTORS AND THE REAL ESTATE INDUSTRY.

  • LEGAL ACTION FUND: PROVIDES LEGAL ADVOCACY SERVICES ON CASES INVOLVING LEGAL ISSUES IMPORTANT TO PROPERTY OWNERS, REALTORS AND THE REAL ESTATE INDUSTRY.

  • RESEARCH AND DEVELOPMENT FUND: PROVIDES RESEARCH, DEVELOP AND ENHANCE DELIVERY, MARKETING AND DEVELOPMENT OF PRODUCTS AND SERVICES OFFERED TO REALTORS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bradley Lois

    CHAIR OF THE BOARD

    Total calculated
    $1,780
    From this org
    $1,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.32 + 0.02 related

  • Maxelle Rea

    VICE PRESIDENT

    Total calculated
    $280
    From this org
    $280
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.34 + 0.02 related

  • Chris Devincentis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.34 + 0.02 related

  • Joseph Horning

    CHAIR OF THE BOARD-ELECT

    Total calculated
    $0
    Hours/week
    3.32 + 0.02 related

  • Mary Jo Bowe

    TREASURER

    Total calculated
    $0
    Hours/week
    3.32 + 0.02 related

  • Mary Duff

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1.34

  • Shawna Alt

    STATEWIDE COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Deborah Cappello

    STATEWIDE COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • John Horning

    STATEWIDE COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83 + 0.04 related

  • Ryan Fulcer

    REGIONAL COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Rob Rybarczyk

    REGIONAL COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • David Stark

    REGIONAL COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Thomas Sykora

    REGIONAL COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Kathryn Voller Reinking

    REGIONAL COMPANY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Diane Campshure Walczyk

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Shawn Govern

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Thomas Keefe

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Michael Kunesh

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Steven Lillestrand

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Laurie Logan

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Stacey McKinney

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Brian Slinkman

    REGIONAL REPRESENTATIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83 + 0.04 related

  • Sr Mills

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83 + 0.04 related

  • Craig Stanley

    AT-LARGE DIRECTOR

    Total calculated
    $0
    Hours/week
    0.83

  • Terry Hilgenberg

    WRA PAST CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.83

  • Peter Sveum

    WRA PAST CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.83 + 0.04 related

  • Erik Sjowall

    CURRENT NAR LEADERSHIP

    Total calculated
    $0
    Hours/week
    0.83

  • Michael Theo

    PRESIDENT AND CEO

    Total calculated
    $424,337
    From this org
    $392,241
    From related orgs
    $0
    Other
    $32,096
    Hours/week
    37.5 + 0.06 related

    Schedule J breakdown matched by us

    Base
    $306,143
    Bonus
    $35,000
    Other
    $51,098
    Deferred
    $27,438
    Nontaxable benefits
    $4,658
    Filer's total
    $424,337

  • Stephanie Larson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $222,161
    From this org
    $199,671
    From related orgs
    $0
    Other
    $22,490
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $172,734
    Bonus
    $6,271
    Other
    $20,666
    Deferred
    $15,849
    Nontaxable benefits
    $6,641
    Filer's total
    $222,161

  • Thomas Larson

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $333,805
    From this org
    $301,594
    From related orgs
    $0
    Other
    $32,211
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $266,852
    Bonus
    $10,000
    Other
    $24,742
    Deferred
    $27,438
    Nontaxable benefits
    $4,773
    Filer's total
    $333,805

  • Cori Lamont

    SR DIRECTOR OF LEGAL AND PUBLIC AFFAIRS

    Total calculated
    $206,418
    From this org
    $191,473
    From related orgs
    $0
    Other
    $14,945
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $184,365
    Bonus
    $7,000
    Other
    $108
    Deferred
    $14,195
    Nontaxable benefits
    $750
    Filer's total
    $206,418

  • Earl Murray

    DIRECTOR OF POLITICAL AND GOV AFFAIRS

    Total calculated
    $140,011
    From this org
    $132,032
    From related orgs
    $0
    Other
    $7,979
    Hours/week
    37.5

  • Kristi Mikalsen

    VICE PRESIDENT PROFESSIONAL DEVELOPMENT

    Total calculated
    $137,788
    From this org
    $129,935
    From related orgs
    $0
    Other
    $7,853
    Hours/week
    37.5

  • Andrew McKenzie

    DATABASE DEVELOPER

    Total calculated
    $130,377
    From this org
    $120,773
    From related orgs
    $0
    Other
    $9,604
    Hours/week
    37.5

  • Debra Lloyd

    SENIOR ATTORNEY & DIRECTOR OF LEGAL AFFAIRS

    Total calculated
    $128,220
    From this org
    $118,739
    From related orgs
    $0
    Other
    $9,481
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
1. TRAVEL FOR COMPANIONS WAS RECEIVED BY THE PRESIDENT AND CEO. IT IS TREATED AS TAXABLE COMPENSATION. 2. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: SOCIAL CLUB DUES RECEIVED BY THE PRESIDENT AND CEO, EXECUTIVE VICE PRESIDENT AND DIRECTOR OF POLITICAL AND GOVERNMENTAL AFFAIRS. THE PERSONAL USE PORTION OF THE SOCIAL CLUB BENEFIT IS TREATED AS TAXABLE COMPENSATION.
PART I, LINE 1B
AUTHORIZATION IS ANNUALLY APPROVED AS PART OF THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • WISCONSIN REALTORS FOUNDATION INC

    501(C)(3) · SEE PART VII · WI · controlled entity

    Directly controlled by WISCONSIN REALTORS ASSOCIATION INC

  • WISCONSIN HOMEOWNERS ALLIANCE INC

    501(C)(4) · TO ADVANCE & PROMOTE ISSUES OF CONCERN TO WISCONSIN PROPERTY OWNERS · WI · controlled entity

    Directly controlled by WISCONSIN REALTORS ASSOCIATION INC

  • REALTORS POLITICAL ACTION COMMITTEE-WISCONSIN

    527 · POLITICAL · WI · controlled entity

    Directly controlled by WISCONSIN REALTORS ASSOCIATION INC

  • WISCONSIN REALTORS POLITICAL FUND

    527 · POLITICAL · WI · controlled entity

    Directly controlled by WISCONSIN REALTORS ASSOCIATION INC

  • WISCONSIN REALTORS ADVOCACY FUND

    527 · POLITICAL · WI · controlled entity

    Directly controlled by WISCONSIN REALTORS ASSOCIATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333069349301408

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