2024-11-14T11:28:43-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2023-01-01 416039154 MINNESOTA ASSOCIATION OF REALTORS MINN 9529122667 11100 BREN ROAD WEST MINNETONKA MN 55343 JOSH MCFALL CEO 9529122667 2024-11-12 1 1 KIMBERLY ANDERSON P00188889 6086628600 2024-11-12 2023 2024-10-15 13:58:12Z JOSH MCFALL 11100 BREN ROAD WEST MINNETONKA MN 55343 8423194 0 X WWW.MNREALTOR.COM X 1947 MN TO SERVE AS MEMBERS' FIRST RESOURCE FOR REAL ESTATE INFORMATION AND PROFESSIONAL SERVICES. 73 73 24 73 242684 119851 0 0 4777232 5093248 76963 127774 476352 369585 5330547 5590607 82419 87399 0 0 2687542 2954648 0 0 0 2177471 2459291 4947432 5501338 383115 89269 10680321 10821088 3100755 2979595 7579566 7841493 X 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. 0 0 MEMBER SERVICES - THE MINNESOTA ASSOCIATION OF REALTORS HAD 23,285 MEMBERS FOR THE YEAR ENDED DECEMBER, 2023. 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. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 28 0 1 24 1 1 1 0 0 0 0 0 0 0 X 73 73 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X HEATHER MEIER 6512625977 11100 BREN RD W MINNETONKA MN 55343 MCFALL JOSHUA CHIEF EXECUTIVE OFFICER 60.00 1.00 X 245151 0 22821 KOPECKY JONATHAN ASSOCIATE LEGAL COUNSEL 60.00 0.00 X 137133 0 55798 TEIG STEPHANIE VP, MARKETING 60.00 0.00 X 121053 0 66741 ANDERSEN CARRIE SENIOR VP, MEMBER SERVICES 60.00 0.00 X 145087 0 36629 FOX THOMAS VP, FINANCE AND OPERATIONS 60.00 0.00 X 146350 0 28711 EGER PAUL VP, GOVERNMENT AFFAIRS 60.00 0.00 X 138416 0 23427 GALLERCHRISTOPHER CHIEF EXECUTIVE OFFICER 60.00 1.00 X 58354 0 18346 THEIS GERI CHAIR 1.00 1.00 X X 0 0 0 FITZPATRICK PATRICIA VICE CHAIR 1.00 1.00 X X 0 0 0 PAULSON PATRICK TREASURER 1.00 1.00 X X 0 0 0 LINDGREN MARY DIRECTOR 1.00 0.00 X 0 0 0 CLARK ROBERT DIRECTOR 1.00 0.00 X 0 0 0 BAGLIO TRACY DIRECTOR 1.00 0.00 X 0 0 0 BAKER MATTHEW DIRECTOR 1.00 0.00 X 0 0 0 BARNES ANDREW DIRECTOR 1.00 0.00 X 0 0 0 CARTER DONEVA DIRECTOR 1.00 1.00 X 0 0 0 CHRISTOPHERSON MARK DIRECTOR 1.00 1.00 X 0 0 0 LEE HANNAH DIRECTOR 1.00 0.00 X 0 0 0 CICMIL ROBERTA DIRECTOR 1.00 0.00 X 0 0 0 CORMIER JAMES DIRECTOR 1.00 0.00 X 0 0 0 COTTINGHAM LAURIE DIRECTOR 1.00 0.00 X 0 0 0 D'ANGELO FRANK DIRECTOR 1.00 0.00 X 0 0 0 DOMHOLT BRYAN DIRECTOR 1.00 0.00 X 0 0 0 DURHAM BRIAN DIRECTOR 1.00 0.00 X 0 0 0 LARSON-HOPPE MICHELLE DIRECTOR 1.00 1.00 X 0 0 0 CONTRERAS ISAAC DIRECTOR 1.00 0.00 X 0 0 0 FOGELSON TRACIE DIRECTOR 1.00 1.00 X 0 0 0 GALLATIN KRISTIN DIRECTOR 1.00 0.00 X 0 0 0 KURIA CATHERINE DIRECTOR 1.00 0.00 X 0 0 0 VUE NALEE DIRECTOR 1.00 0.00 X 0 0 0 HALVORSON RUTHANN DIRECTOR 1.00 0.00 X 0 0 0 GARZA ELBA DIRECTOR 1.00 0.00 X 0 0 0 GILBERT WAYNE DIRECTOR 1.00 1.00 X 0 0 0 GREEN EMILY DIRECTOR 1.00 2.00 X 0 0 0 GREENE DEBRA DIRECTOR 1.00 1.00 X 0 0 0 HAIDER ANTHONY DIRECTOR 1.00 0.00 X 0 0 0 HARTOS GREGG DIRECTOR 1.00 1.00 X 0 0 0 ZUZEK PATRICIA DIRECTOR 1.00 0.00 X 0 0 0 HOUGH FRANK DIRECTOR 1.00 0.00 X 0 0 0 HUNSTAD MICHAEL DIRECTOR 1.00 1.00 X 0 0 0 HUYNH MAN DIRECTOR 1.00 1.00 X 0 0 0 JACKSON SUSAN DIRECTOR 1.00 1.00 X 0 0 0 JOHNSON BRANDON DIRECTOR 1.00 2.00 X 0 0 0 KNUDSEN MARY DIRECTOR 1.00 0.00 X 0 0 0 LEFEBVRE CHARLES DIRECTOR 1.00 0.00 X 0 0 0 UZELAC WENDY DIRECTOR 1.00 2.00 X 0 0 0 ELLEFSON LORI DIRECTOR 1.00 0.00 X 0 0 0 REHMAN THOMAS DIRECTOR 1.00 1.00 X 0 0 0 PELTIER TRAVIS DIRECTOR 1.00 0.00 X 0 0 0 POZORSKI JACQUELINE DIRECTOR 1.00 0.00 X 0 0 0 LIVINGSTON JENNIFER DIRECTOR 1.00 0.00 X 0 0 0 LOSKOTA D MATT DIRECTOR 1.00 0.00 X 0 0 0 LYONS MICHELLE DIRECTOR 1.00 1.00 X 0 0 0 MATTEN DOLLY DIRECTOR 1.00 1.00 X 0 0 0 MAZONE DENISE DIRECTOR 1.00 0.00 X 0 0 0 MILLER JASON DIRECTOR 1.00 2.00 X 0 0 0 MOE LAURIE DIRECTOR 1.00 0.00 X 0 0 0 MOSCOWITZ JEROME DIRECTOR 1.00 0.00 X 0 0 0 NELSON MOLLY DIRECTOR 1.00 0.00 X 0 0 0 NIEMEYER DEBRA DIRECTOR 1.00 0.00 X 0 0 0 OLSEN AMBER DIRECTOR 1.00 0.00 X 0 0 0 PARKIN SCOTT DIRECTOR 1.00 0.00 X 0 0 0 PEARCE DON DIRECTOR 1.00 0.00 X 0 0 0 LEHTO LEEANN DIRECTOR 1.00 1.00 X 0 0 0 PETERSON AMY DIRECTOR 1.00 0.00 X 0 0 0 WARZECHA RANDAL DIRECTOR 1.00 0.00 X 0 0 0 SARVELA LEONARD DIRECTOR 1.00 0.00 X 0 0 0 THAO LOU DIRECTOR 1.00 0.00 X 0 0 0 TAYLOR RICHELLE DIRECTOR 1.00 0.00 X 0 0 0 SWANSON SANDRA DIRECTOR 1.00 1.00 X 0 0 0 STITTSWORTH COREY DIRECTOR 1.00 0.00 X 0 0 0 STANG KAREN DIRECTOR 1.00 1.00 X 0 0 0 SMITH LYNDON DIRECTOR 1.00 1.00 X 0 0 0 SHONOIKI BABATUNDE DIRECTOR 1.00 0.00 X 0 0 0 REILLY SHAWN DIRECTOR 1.00 0.00 X 0 0 0 SHEARS MINDY DIRECTOR 1.00 0.00 X 0 0 0 SATHERS-DAY JAMIE DIRECTOR 1.00 0.00 X 0 0 0 RAMIREZ JAIRO DIRECTOR 1.00 0.00 X 0 0 0 RUBLE PATRICK DIRECTOR 1.00 0.00 X 0 0 0 RICE THOMAS DIRECTOR 1.00 0.00 X 0 0 0 991544 0 252473 6 0 1 0 0 MEMBERSHIP DUES 900099 4785511 4785511 STATE CONVENTION INCOME 900099 150582 150582 EDUCATION/SERVICES 900099 56764 56764 ADMINISTRATION FEES 900099 52101 52101 MEETINGS 900099 45625 45625 2665 2665 5093248 250629 250629 17834 17834 108951 0 108951 108951 108951 2340567 2463422 -122855 -122855 -122855 611849 369165 242684 242684 OTHER INCOME 900099 116 116 116 5590607 5093248 242684 254675 87399 519733 1734542 104909 426979 168485 6662 70084 91599 417574 7088 306991 233812 219155 268854 200989 188538 35871 MEMBER RELATIONS 72014 REPAIRS AND MAINTENANCE 56231 DUES 50937 STAFF EDUCATION 5739 227153 5501338 4314708 5530022 477237 373708 165705 140398 4261724 676744 3646507 3584980 2076164 1191980 10680321 10821088 433045 263799 2619002 2684685 48708 31111 3100755 2979595 X 7579566 7841493 7579566 7841493 10680321 10821088 89269 172658 0 X 0 1 X 1 0 0 0 0 4794254 729990 729990 865631 -135641 841000 841000 2693046 231024 2462022 437236 243855 193381 290442 201865 88577 3584980 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THIS STANDARD HAS NO IMPACT ON THE ASSOCIATION'S FINANCIAL STATEMENTS FOR THE PERIOD STATED HEREIN. THE ASSOCIATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON FORM SALES. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW BY FEDERAL AND STATE AUTHORITIES. THE ASSOCIATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. 1 NATIONAL ASSOCIATION OF REALTORS RELIEF FOUNDATION 430 N MICHIGAN AVENUE CHICAGO IL 60611 364468109 501(C)(3) 20000 0 N/A N/A PROVIDING HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTERS NATIONAL ASSOCIATION OF REALTORS CORPORATE ALLY PROGRAM 430 N MICHIGAN AVENUE CHICAGO IL 60611 361520690 501(C)(3) 10000 0 N/A N/A SUPPORT FOR FEDERAL, STATE, & LOCAL ADVOCACY CAMPAINGS IN FAVOR OF THE REAL ESTATE INDUSTRY MINNESOTA HOMEOWNERS ALLIANCE INC 5750 LINCOLN DRIVE EDINA MN 55436 414648282 501(C)(4) 57399 0 N/A N/A PROMOTING SOCIAL WELFARE 2 1 PART I, LINE 2: THE ASSOCIATION MAKES GRANTS FOR PROGRAM RELATED PURPOSES, WHICH ARE APPROVED BY THE EXECUTIVE COMMITTEE. THE ACTIVITIES ARE CONTROLLED BY THE ASSOCIATION. THERE IS NO FORMAL MONITORING REQUIRED. X X X 0 0 0 MCFALL JOSHUA CHIEF EXECUTIVE OFFICER 229501 0 8000 0 7650 0 9979 0 12842 0 267972 0 0 0 KOPECKY JONATHAN ASSOCIATE LEGAL COUNSEL 129033 0 7500 0 600 0 11322 0 44476 0 192931 0 0 0 TEIG STEPHANIE VP, MARKETING 110453 0 10000 0 600 0 9669 0 57072 0 187794 0 0 0 ANDERSEN CARRIE SENIOR VP, MEMBER SERVICES 134487 0 10000 0 600 0 11881 0 24748 0 181716 0 0 0 FOX THOMAS VP, FINANCE AND OPERATIONS 135750 0 10000 0 600 0 9979 0 18732 0 175061 0 0 0 EGER PAUL VP, GOVERNMENT AFFAIRS 127816 0 10000 0 600 0 11987 0 11440 0 161843 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, COMPRISED OF A SMALLER GROUP OF THE GOVERNING BODY HAS BEEN ARE GIVEN AUTHORITY ON ACTION ITEMS DEFERRED TO THEM BY THE ENTIRE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS SIX CLASSES OF MEMBERS, WITH EQUAL VOTING RIGHTS: REALTOR MEMBER, MEMBER BOARD/ASSOCIATION, AFFILIATE MEMBER, HONORARY MEMBER, INSTITUTE AFFILIATE, AND REALTOR EMERITUS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER ASSOCIATION OR BOARD ELECTS UP TO FOUR DIRECTORS TO THE BOARD OF DIRECTORS, DEPENDING ON THE NUMBER OF REALTOR MEMBERS OF THE ASSOCIATION OR BOARD. EACH REAL ESTATE COMPANY ELECTS UP TO THREE DIRECTORS TO THE BOARD OF DIRECTORS, DEPENDING ON THE NUMBER OF REALTOR MEMBERS IN THE COMPANY. EACH REAL ESTATE BROKERAGE FRANCHISOR WITH 500 OR MORE REALTOR MEMBERS ELECT ONE DIRECTOR TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ASSOCIATION'S BYLAWS AFFECTING THE ADMISSION OR QUALIFICATION OF REALTOR MEMBERS AND INSTITUTE AFFILIATE MEMBERS AND THE USE OF THE TERMS "REALTOR OR "REALTORS OR ANY ALTERATION IN THE TERRITORIAL JURISDICTION OF A BOARD ONLY BECOME EFFECTIVE UPON APPROVAL OF THE BOARD OF DIRECTORS OF THE NATIONAL ASSOCIATION. AMENDMENTS TO THE ASSOCIATION'S ARTICLES OF INCORPORATION REQUIRE A TWO-THIRDS MAJORITY VOTE BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WILL BE PROVIDED AT THE NEXT SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS AND EMPLOYEES. EACH PERSON GOVERNED BY THIS POLICY IS REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON IS INVOLVED THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. BEFORE BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE ALL MATERIAL FACTS. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON MAY NOT ATTEMPT TO EXERT THEIR PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE CHAIR OR THE CHAIR'S DESIGNEE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE, WHICH SERVES AS THE PERSONNEL COMMITTEE. THE ASSOCIATION USES SALARY SURVEYS FOR COMPARABILITY DATA AND DOCUMENTS ALL STEPS IN THE PROCESS. THE PROCESS LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION. ALL OTHER COMPENSATION IS DETERMINED BY THE CEO. SALARY SURVEYS AND COMPARABILITY DATA ARE USED TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ASSOCIATION'S WEBSITE. MINNESOTA ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE 11100 BREN ROAD WEST MINNETONKA MN 55343 416141740 POLITICAL & LEGISLATIVE ACTIVITY MN 527 N/A MINNESOTA ASSOCIATION OF REALTORS 1 MINNESOTA HOMEOWNERS ALLIANCE INC 11100 BREN ROAD WEST MINNETONKA MN 55343 464648282 HOMEOWNER ADVOCACY MN 501(C)(4) N/A MINNESOTA ASSOCIATION OF REALTORS 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MINNESOTA HOMEOWNERS ALLIANCE B 57399 CASH PAID