Form 990 for tax year 2024
Filed by MINNESOTA ASSOCIATION OF REALTORS.
Totals
- Total revenue
- $5,853,456
- Total expenses
- $5,717,050
- Contributions and grants received
- $0
- Grants paid
- $87,776
- Program service revenue
- $5,253,179
- Investment income
- $183,451
- Other revenue
- $416,826
- Total assets, end of year
- $10,528,491
- Total liabilities, end of year
- $2,502,909
- Net assets or fund balances, end of year
- $8,025,582
- 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: MEMBERSHIP DUES
total $4,906,198 · related or exempt $4,906,198
-
2b · Program service revenue: STATE CONVENTION INCOME
total $127,065 · related or exempt $127,065
-
2c · Program service revenue: ADMINISTRATION FEES
total $107,002 · related or exempt $107,002
-
2d · Program service revenue: MEETINGS
total $59,625 · related or exempt $59,625
-
2e · Program service revenue: EDUCATION/SERVICES
total $48,939 · related or exempt $48,939
-
2f · All other program service revenue
total $4,350 · related or exempt $4,350
-
3 · Investment income
total $261,707 · excluded $261,707
-
5 · Royalties
total $21,723 · excluded $21,723
-
6a · Gross rents
real property $112,275
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $112,275
-
6d · Net rental income or loss
total $112,275 · excluded $112,275
-
7a · Gross sales of assets other than inventory
securities $1,484,974
-
7b · Less cost or other basis and sales expenses
securities $1,563,230
-
7c · Gain or loss
securities -$78,256
-
7d · Net gain or loss
total -$78,256 · excluded -$78,256
-
10a · Gross sales of inventory
$660,965
-
10b · Cost of goods sold
$378,137
-
10c · Net income from sales of inventory
total $282,828 · unrelated business $282,828
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $87,776
-
5 · Compensation of officers, directors and key employees
total $503,147
-
7 · Other salaries and wages
total $2,019,595
-
8 · Pension plan contributions
total $108,548
-
9 · Other employee benefits
total $414,343
-
10 · Payroll taxes
total $173,626
-
11b · Fees: legal
total $113,764
-
11c · Fees: accounting
total $113,581
-
11d · Fees: lobbying
total $82,918
-
11g · Fees: other
total $339,516
-
12 · Advertising and promotion
total $4,186
-
13 · Office expenses
total $253,443
-
14 · Information technology
total $259,810
-
16 · Occupancy
total $208,776
-
17 · Travel
total $296,611
-
19 · Conferences, conventions and meetings
total $256,051
-
22 · Depreciation, depletion and amortization
total $140,556
-
23 · Insurance
total $33,233
-
24a · Other expenses: MEMBER RELATIONS
total $71,613
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $54,422
-
24c · Other expenses: DUES
total $50,051
-
24d · Other expenses: STAFF EDUCATION
total $12,696
-
24e · All other expenses
total $118,788
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,530,022 · end of year $2,723,910
-
4 · Accounts receivable
beginning of year $373,708 · end of year $534,936
-
9 · Prepaid expenses and deferred charges
beginning of year $140,398 · end of year $121,368
-
10a · Land, buildings and equipment: cost or other basis
$4,275,061
-
10b · Land, buildings and equipment: accumulated depreciation
$736,092
-
10c · Land, buildings and equipment, net
beginning of year $3,584,980 · end of year $3,538,969
-
11 · Investments: publicly traded securities
beginning of year $1,191,980 · end of year $3,609,308
-
17 · Accounts payable and accrued expenses
beginning of year $263,799 · end of year $241,317
-
19 · Deferred revenue
beginning of year $2,684,685 · end of year $2,182,437
-
21 · Escrow or custodial account liability
end of year $4
-
23 · Secured mortgages and notes payable
beginning of year $31,111 · end of year $79,151
-
27 · Net assets without donor restrictions
beginning of year $7,841,493 · end of year $8,025,582
Mission and programs · 2024
Mission
TO SUPPORT ALL SEGMENTS OF MEMBERSHIP BY DEVELOPING AND DELIVERING PROGRAMS, SERVICES AND PRODUCTS TO ASSIST ITS MEMBERS IN SERVING THE PUBLIC WITH A HIGH DEGREE OF PROFESSIONALISM, BY PROTECTING THE RIGHTS OF MEMBERS TO CONDUCT BUSINESS WITHOUT UNDUE REGULATORY CONSTRAINT AND TO PROMOTE THE PRESERVATION OF PRIVATE RIGHTS TO REAL PROPERTY.
Activities or mission (Part I)
TO SERVE AS MEMBERS' FIRST RESOURCE FOR REAL ESTATE INFORMATION AND PROFESSIONAL SERVICES.
-
MEMBER SERVICES - THE MINNESOTA ASSOCIATION OF REALTORS HAD 22,718 MEMBERS FOR THE YEAR ENDED DECEMBER, 2024. AMONG THE SERVICES PROVIDED TO MEMBERS, THE ASSOCIATION:1. CONDUCTED PEER REVIEWS OF COMPLAINTS AGAINST REALTORS; 2. PROVIDED REAL ESTATE TRANSACTION FORMS THAT GIVE CONSISTENCY FOR ALL OF THE DIFFERENT TRANSACTIONS CONDUCTED BY REALTORS; 3. PROVIDED BROKERS WITH THE LEGAL HOTLINE, A FREE LEGAL SERVICE FOR BROKERS TO TALK TO ATTORNEYS REGARDING TRANSACTIONS; AND4. PROVIDED CONTINUING EDUCATION TO MEMBERS.
-
CAPITOL CONFERENCE - THE ASSOCIATION RECEIVED UPDATES ON LEGISLATION CONCERNING REAL ESTATE AND VISITED WITH LEGISLATORS IN SUPPORT OF OUR MEMBERS.
-
STATE CONFERENCE - THE ANNUAL CONFERENCE UNITES OUR MEMBERSHIP ACROSS THE STATE WHILE PROMOTING EDUCATION, NETWORKING AND DISCUSSION ON REAL ESTATE ISSUES AND PRACTICES.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
THEIS GERI
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
FITZPATRICK PATRICIA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PAULSON PATRICK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
ALLEN DIANA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BAGLIO TRACY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BATTERSON BUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BERGER LAURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BLOCH ALEXANDRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BROOKS CARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHERSON MARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CICMIL ROBERTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CLARK ROBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DURHAM BRIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
EIGEN MAUREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELLEFSON LORI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GARZA ELBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GREEN EMILY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
GREENE DEBRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GUZEK SHELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HAIDER ANTHONY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HALVORSON RUTHANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HARTOS GREGG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HAYWOOD WARDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HELM RODNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
HUNSTAD MICHAEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HUYNH MAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
IHDE-SPARKS DENEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JACKSON SUSAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JANDT MICHELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHNSON BRANDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
KAUL SAMANTHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KNUDSEN MARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KURIA CATHERINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LARSON-HOPPE MICHELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LAWRENCE BRIANNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEHTO LEEANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MATHIS DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MAZONE DENISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MILLER JASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
MOE LAURIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NELSON MOLLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NIEMEYER DEBRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
OLSEN AMBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
OLSEN MICHAEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAGEL GUERNDT KAREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PEARCE DON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PELTIER TRAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PETERSON AMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
POZORSKI JACQUELINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAMIREZ JAIRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RAWLS DONEVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RUBLE PATRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SATHERS-DAY JAMIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SCHUSTER LUCAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SMITH LYNDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SMITH-MOORE KIMBERLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STANG KAREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SWANSON SANDRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TAYLOR RICHELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TRUE JENNIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
UZELAC WENDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
WALSH GABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ZUZEK PATRICIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MCFALL JOSHUA
CEO
- Total calculated
- $395,622
- From this org
- $354,301
- From related orgs
- $0
- Other
- $41,321
- Hours/week
- 60 + 1 related
Schedule J breakdown matched by us
- Base
- $318,801
- Bonus
- $35,500
- Other
- $0
- Deferred
- $23,000
- Nontaxable benefits
- $18,321
- Filer's total
- $395,622
-
FOX THOMAS
VP, FINANCE & OPERATIONS (THRU 4/24)
- Total calculated
- $107,525
- From this org
- $78,634
- From related orgs
- $0
- Other
- $28,891
- Hours/week
- 60
-
ANDERSEN CARRIE
SENIOR VP, MEMBER SERVICES
- Total calculated
- $250,800
- From this org
- $186,051
- From related orgs
- $0
- Other
- $64,749
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $171,601
- Bonus
- $13,700
- Other
- $750
- Deferred
- $14,151
- Nontaxable benefits
- $50,598
- Filer's total
- $250,800
-
KOPECKY JONATHAN
VP LEGAL AFFAIRS
- Total calculated
- $207,187
- From this org
- $181,503
- From related orgs
- $0
- Other
- $25,684
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $169,703
- Bonus
- $11,800
- Other
- $0
- Deferred
- $14,942
- Nontaxable benefits
- $10,742
- Filer's total
- $207,187
-
EGER PAUL
VP, GOVERNMENT AFFAIRS
- Total calculated
- $215,926
- From this org
- $180,345
- From related orgs
- $0
- Other
- $35,581
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $167,795
- Bonus
- $11,800
- Other
- $750
- Deferred
- $23,520
- Nontaxable benefits
- $12,061
- Filer's total
- $215,926
-
TEIG STEPHANIE
VP, MARKETING (THRU 9/24)
- Total calculated
- $174,882
- From this org
- $141,256
- From related orgs
- $0
- Other
- $33,626
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $135,856
- Bonus
- $5,000
- Other
- $400
- Deferred
- $7,072
- Nontaxable benefits
- $26,554
- Filer's total
- $174,882
-
SPELLMAN MATTHEW
SR DIRECTOR OF ADV, GOV AFFAIRS
- Total calculated
- $174,370
- From this org
- $133,793
- From related orgs
- $0
- Other
- $40,577
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $123,793
- Bonus
- $9,300
- Other
- $700
- Deferred
- $10,089
- Nontaxable benefits
- $30,488
- Filer's total
- $174,370
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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
-
PROMOTING SOCIAL WELFARE
-
PROVIDING HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTERS
-
SUPPORT FOR FEDERAL, STATE, & LOCAL ADVOCACY CAMPAINGS IN FAVOR OF THE REAL ESTATE INDUSTRY
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.
-
MINNESOTA ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE
527 · POLITICAL & LEGISLATIVE ACTIVITY · MN · controlled entity
Directly controlled by MINNESOTA ASSOCIATION OF REALTORS
-
MINNESOTA HOMEOWNERS ALLIANCE INC
501(C)(4) · HOMEOWNER ADVOCACY · MN · controlled entity
Directly controlled by MINNESOTA ASSOCIATION OF REALTORS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533089349302938
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