2025-11-04T15:28:55-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 416039154 MINNESOTA ASSOCIATION OF REALTORS MINN 9529122667 11100 BREN ROAD WEST MINNETONKA MN 55343 JOSH MCFALL CEO 9529122667 2025-11-04 1 1 ANN NEIL P01817922 6123764500 2025-11-04 2024 2025-03-06 01:10:19Z JOSH MCFALL 11100 BREN ROAD WEST MINNETONKA MN 55343 7794823 0 X WWW.MNREALTOR.COM X 1947 MN TO SERVE AS MEMBERS' FIRST RESOURCE FOR REAL ESTATE INFORMATION AND PROFESSIONAL SERVICES. 63 63 26 63 282828 106782 0 0 5093248 5253179 127774 183451 369585 416826 5590607 5853456 87399 87776 0 0 2954648 3219259 0 0 0 2459291 2410015 5501338 5717050 89269 136406 10821088 10528491 2979595 2502909 7841493 8025582 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 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. 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 25 0 1 26 1 1 1 0 0 0 0 0 0 0 X 63 63 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X HEATHER MEIER 9529358313 11100 BREN RD W MINNETONKA MN 55343 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 0.00 X X 0 0 0 ALLEN DIANA DIRECTOR 1.00 0.00 X 0 0 0 BAGLIO TRACY DIRECTOR 1.00 0.00 X 0 0 0 BATTERSON BUDD DIRECTOR 1.00 1.00 X 0 0 0 BERGER LAURA DIRECTOR 1.00 0.00 X 0 0 0 BLOCH ALEXANDRA DIRECTOR 1.00 0.00 X 0 0 0 BROOKS CARSON DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHERSON MARK DIRECTOR 1.00 0.00 X 0 0 0 CICMIL ROBERTA DIRECTOR 1.00 0.00 X 0 0 0 CLARK ROBERT DIRECTOR 1.00 0.00 X 0 0 0 DURHAM BRIAN DIRECTOR 1.00 0.00 X 0 0 0 EIGEN MAUREEN DIRECTOR 1.00 0.00 X 0 0 0 ELLEFSON LORI DIRECTOR 1.00 0.00 X 0 0 0 GARZA ELBA DIRECTOR 1.00 0.00 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 GUZEK SHELLY DIRECTOR 1.00 0.00 X 0 0 0 HAIDER ANTHONY DIRECTOR 1.00 0.00 X 0 0 0 HALVORSON RUTHANN DIRECTOR 1.00 0.00 X 0 0 0 HARTOS GREGG DIRECTOR 1.00 0.00 X 0 0 0 HAYWOOD WARDELL DIRECTOR 1.00 0.00 X 0 0 0 HELM RODNEY 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 IHDE-SPARKS DENEL DIRECTOR 1.00 0.00 X 0 0 0 JACKSON SUSAN DIRECTOR 1.00 0.00 X 0 0 0 JANDT MICHELLE DIRECTOR 1.00 0.00 X 0 0 0 JOHNSON BRANDON DIRECTOR 1.00 2.00 X 0 0 0 KAUL SAMANTHA DIRECTOR 1.00 0.00 X 0 0 0 KNUDSEN MARY DIRECTOR 1.00 0.00 X 0 0 0 KURIA CATHERINE DIRECTOR 1.00 0.00 X 0 0 0 LARSON-HOPPE MICHELLE DIRECTOR 1.00 1.00 X 0 0 0 LAWRENCE BRIANNE DIRECTOR 1.00 0.00 X 0 0 0 LEHTO LEEANN DIRECTOR 1.00 1.00 X 0 0 0 MATHIS DENNIS 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 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 OLSEN MICHAEL DIRECTOR 1.00 0.00 X 0 0 0 PAGEL GUERNDT KAREN DIRECTOR 1.00 0.00 X 0 0 0 PEARCE DON DIRECTOR 1.00 0.00 X 0 0 0 PELTIER TRAVIS DIRECTOR 1.00 0.00 X 0 0 0 PETERSON AMY DIRECTOR 1.00 0.00 X 0 0 0 POZORSKI JACQUELINE DIRECTOR 1.00 1.00 X 0 0 0 RAMIREZ JAIRO DIRECTOR 1.00 0.00 X 0 0 0 RAWLS DONEVA DIRECTOR 1.00 0.00 X 0 0 0 RUBLE PATRICK DIRECTOR 1.00 1.00 X 0 0 0 SATHERS-DAY JAMIE DIRECTOR 1.00 0.00 X 0 0 0 SCHUSTER LUCAS DIRECTOR 1.00 0.00 X 0 0 0 SMITH LYNDON DIRECTOR 1.00 0.00 X 0 0 0 SMITH-MOORE KIMBERLY DIRECTOR 1.00 0.00 X 0 0 0 STANG KAREN DIRECTOR 1.00 0.00 X 0 0 0 SWANSON SANDRA DIRECTOR 1.00 1.00 X 0 0 0 TAYLOR RICHELLE DIRECTOR 1.00 0.00 X 0 0 0 TRUE JENNIFER DIRECTOR 1.00 0.00 X 0 0 0 UZELAC WENDY DIRECTOR 1.00 2.00 X 0 0 0 WALSH GABE DIRECTOR 1.00 0.00 X 0 0 0 ZUZEK PATRICIA DIRECTOR 1.00 0.00 X 0 0 0 MCFALL JOSHUA CEO 60.00 1.00 X 354301 0 41321 FOX THOMAS VP, FINANCE & OPERATIONS (THRU 4/24) 60.00 0.00 X 78634 0 28891 ANDERSEN CARRIE SENIOR VP, MEMBER SERVICES 60.00 0.00 X 186051 0 64749 KOPECKY JONATHAN VP LEGAL AFFAIRS 60.00 0.00 X 181503 0 25684 EGER PAUL VP, GOVERNMENT AFFAIRS 60.00 0.00 X 180345 0 35581 TEIG STEPHANIE VP, MARKETING (THRU 9/24) 60.00 0.00 X 141256 0 33626 SPELLMAN MATTHEW SR DIRECTOR OF ADV, GOV AFFAIRS 60.00 0.00 X 133793 0 40577 1255883 0 270429 10 0 1 0 0 MEMBERSHIP DUES 900099 4906198 4906198 STATE CONVENTION INCOME 900099 127065 127065 ADMINISTRATION FEES 900099 107002 107002 MEETINGS 900099 59625 59625 EDUCATION/SERVICES 900099 48939 48939 4350 4350 5253179 261707 261707 21723 21723 112275 0 112275 112275 112275 1484974 1563230 -78256 -78256 -78256 660965 378137 282828 282828 5853456 5253179 282828 317449 87776 503147 2019595 108548 414343 173626 113764 113581 82918 339516 4186 253443 259810 208776 296611 256051 140556 33233 MEMBER RELATIONS 71613 REPAIRS AND MAINTENANCE 54422 DUES 50051 STAFF EDUCATION 12696 118788 5717050 5530022 2723910 373708 534936 140398 121368 4275061 736092 3584980 3538969 1191980 3609308 10821088 10528491 263799 241317 2684685 2182437 4 31111 79151 2979595 2502909 X 7841493 8025582 7841493 8025582 10821088 10528491 136406 47683 0 X 0 1 X 1 0 0 0 0 4878277 734042 734042 882440 -148398 0 0 841000 841000 2706189 303546 2402643 494793 216932 277861 233079 215614 17465 3538969 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) 16000 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) 61776 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 CEO 318801 0 35500 0 0 0 23000 0 18321 0 395622 0 0 0 ANDERSEN CARRIE SENIOR VP, MEMBER SERVICES 171601 0 13700 0 750 0 14151 0 50598 0 250800 0 0 0 EGER PAUL VP, GOVERNMENT AFFAIRS 167795 0 11800 0 750 0 23520 0 12061 0 215926 0 0 0 KOPECKY JONATHAN VP LEGAL AFFAIRS 169703 0 11800 0 0 0 14942 0 10742 0 207187 0 0 0 TEIG STEPHANIE VP, MARKETING (THRU 9/24) 135856 0 5000 0 400 0 7072 0 26554 0 174882 0 0 0 SPELLMAN MATTHEW SR DIRECTOR OF ADV, GOV AFFAIRS 123793 0 9300 0 700 0 10089 0 30488 0 174370 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 61776 CASH PAID