2023-11-02T09:39:06-05:00 2022-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2022-01-01 390782674 WISCONSIN REALTORS ASSOCIATION INC WISC 6082412047 4801 FOREST RUN ROAD 201 MADISON WI 53704 MICHAEL THEO PRESIDENT AND CEO 6082412047 2023-10-30 1 MICHAEL THEO 999009999 1 JENNY TARKOWSKI CPA P00634290 6082744020 2023-10-30 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MICHAEL THEO 4801 FOREST RUN ROAD 201 MADISON WI 53704 9952217 0 2566 X WRA.ORG X 1925 WI 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. 27 27 42 138 23641 0 0 0 6749666 8542947 416161 234997 52923 149302 7218750 8927246 0 0 0 0 3441291 3824561 0 0 0 3173136 3569170 6614427 7393731 604323 1533515 21391509 21026159 5963608 5540870 15427901 15485289 X 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. 0 0 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. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 43 0 42 1 1 1 0 0 0 1 1 0 0 0 X 27 27 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X WISCONSIN REALTORS ASSOCIATION INC 6082412047 4801 FOREST RUN RD STE 201 MADISON WI 53704 BRADLEY LOIS CHAIR OF THE BOARD 3.32 0.02 X X 1780 0 0 MAXELLE REA VICE PRESIDENT 1.34 0.02 X X 280 0 0 CHRIS DEVINCENTIS VICE PRESIDENT 1.34 0.02 X X 0 0 0 JOSEPH HORNING CHAIR OF THE BOARD-ELECT 3.32 0.02 X X 0 0 0 MARY JO BOWE TREASURER 3.32 0.02 X X 0 0 0 MARY DUFF IMMEDIATE PAST CHAIR 1.34 X 0 0 0 SHAWNA ALT STATEWIDE COMPANY DIRECTOR 0.83 X 0 0 0 DEBORAH CAPPELLO STATEWIDE COMPANY DIRECTOR 0.83 X 0 0 0 JOHN HORNING STATEWIDE COMPANY DIRECTOR 0.83 0.04 X 0 0 0 RYAN FULCER REGIONAL COMPANY DIRECTOR 0.83 X 0 0 0 ROB RYBARCZYK REGIONAL COMPANY DIRECTOR 0.83 X 0 0 0 DAVID STARK REGIONAL COMPANY DIRECTOR 0.83 X 0 0 0 THOMAS SYKORA REGIONAL COMPANY DIRECTOR 0.83 X 0 0 0 KATHRYN VOLLER REINKING REGIONAL COMPANY DIRECTOR 0.83 X 0 0 0 DIANE CAMPSHURE WALCZYK REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 SHAWN GOVERN REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 THOMAS KEEFE REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 MICHAEL KUNESH REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 STEVEN LILLESTRAND REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 LAURIE LOGAN REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 STACEY MCKINNEY REGIONAL REPRESENTATIVE DIRECTOR 0.83 X 0 0 0 BRIAN SLINKMAN REGIONAL REPRESENTATIVE DIRECTOR 0.83 0.04 X 0 0 0 SR MILLS AT-LARGE DIRECTOR 0.83 0.04 X 0 0 0 CRAIG STANLEY AT-LARGE DIRECTOR 0.83 X 0 0 0 TERRY HILGENBERG WRA PAST CHAIR OF THE BOARD 0.83 X 0 0 0 PETER SVEUM WRA PAST CHAIR OF THE BOARD 0.83 0.04 X 0 0 0 ERIK SJOWALL CURRENT NAR LEADERSHIP 0.83 X 0 0 0 MICHAEL THEO PRESIDENT AND CEO 37.50 0.06 X 392241 0 32096 STEPHANIE LARSON CHIEF FINANCIAL OFFICER 37.50 X 199671 0 22490 THOMAS LARSON EXECUTIVE VICE PRESIDENT 37.50 X 301594 0 32211 CORI LAMONT SR DIRECTOR OF LEGAL AND PUBLIC AFFAIRS 37.50 X 191473 0 14945 EARL MURRAY DIRECTOR OF POLITICAL AND GOV AFFAIRS 37.50 X 132032 0 7979 KRISTI MIKALSEN VICE PRESIDENT PROFESSIONAL DEVELOPMENT 37.50 X 129935 0 7853 ANDREW MCKENZIE DATABASE DEVELOPER 37.50 X 120773 0 9604 DEBRA LLOYD SENIOR ATTORNEY & DIRECTOR OF LEGAL AFFAIRS 37.50 X 118739 0 9481 1588518 0 136659 10 0 1 0 SCHUMANN PRINTERS INC PO BOX 128 FALL RIVER WI 53932 PRINTING 127963 SVA CONSULTING LLC 1221 JOHN Q HAMMONS DR MADISON WI 53717 CONSULTING 113248 ALPHAGRAPHICS 1058 E WASHINGTON AVE MADISON WI 53703 PRINTING 105687 3 MEMBER DUES 813910 4318589 4318589 PROFESSIONAL DEVELOPMENT 813910 4127892 4124617 3275 RESEARCH AND DEVELOPMENT FUND 813910 75680 75680 COMMUNICATIONS 813910 20786 420 20366 8542947 148130 148130 52923 0 52923 52923 52923 1111838 1023174 1797 88664 -1797 86867 86867 96379 96379 96379 8927246 8519306 23641 384299 995303 2195278 190344 234520 209116 96618 13908 220375 37225 414199 49604 523827 225350 234548 207549 538653 187043 30643 FEES 504287 PROCEED DISTRIBUTIONS 126894 COST OF SALES 74181 DUES AND SUBSCRIPTIONS 45766 38500 7393731 385 1486050 432056 9964693 110379 105574 37510 40479 194339 209944 3511924 2152520 1450207 1359404 17869769 6982240 0 14602 1296864 863173 21391509 21026159 1202526 645245 3524768 3515491 1236314 1380134 5963608 5540870 X 15427901 15485289 0 0 15427901 15485289 21391509 21026159 1533515 -1476127 0 X 0 1 X 1 0 4419 0 4419 4419 1 0 0 0 4318589 760535 760535 1252391 -491856 PART I-A, LINE 1 ASSOCIATION SPONSORS AND ADMINISTERS A CONNECTED PAC, CONDUCTS CANDIDATE INTERVIEWS, MAKES CANDIDATE ENDORSEMENTS AND COMMUNICATES WITH ITS MEMBERS AND MAGAZINE SUBSCRIBERS ON THOSE ENDORSEMENTS. 301517 301517 1565380 912440 652940 151850 116287 35563 1141700 978690 163010 351477 145103 206374 1359404 OPERATING LEASE LIABILITIES 150055 DEFERRED COMPENSATION OBLIGATION 694122 DUE TO WISCONSIN REALTORS ASSOCIATION, INC. 178622 DUE TO WISCONSIN HOMEOWNERS ALLIANCE, INC. 357245 DUE TO WISCONSIN REALTORS POLITICAL FUND 50 DUE TO WISCONSIN REALTORS FOUNDATION, INC. 40 1380134 X X X 0 1 X X 0 0 0 MICHAEL THEO PRESIDENT AND CEO 306143 0 35000 0 51098 0 27438 0 4658 0 424337 0 0 0 THOMAS LARSON EXECUTIVE VICE PRESIDENT 266852 0 10000 0 24742 0 27438 0 4773 0 333805 0 0 0 STEPHANIE LARSON CHIEF FINANCIAL OFFICER 172734 0 6271 0 20666 0 15849 0 6641 0 222161 0 0 0 CORI LAMONT SR DIRECTOR OF LEGAL AND PUBLIC AFFA 184365 0 7000 0 108 0 14195 0 750 0 206418 0 0 0 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. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH HORNING AND JOHN HORNING HAVE A FAMILY AND BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS FROM WI WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. THE MEMBERS OF THE ASSOCIATION CONSIST OF SIX CLASSES: (1) MEMBER BOARDS, (2) BOARD MEMBERS, (3) INDIVIDUAL MEMBERS, (4) INSTITUTE AFFILIATE MEMBERS, (5) AFFILIATE MEMBERS, (6) HONORARY MEMBERS. BOARD MEMBERS AND INDIVIDUAL MEMBERS SHALL BE ACTIVE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE STATEWIDE COMPANY DIRECTORS AND THE REGIONAL COMPANY DIRECTORS ARE CHOSEN BY THE COMPANY AS DEFINED IN THE ORGANIZATION'S BY-LAWS. THE REGIONAL REPRESENTATIVE DIRECTORS ARE CHOSEN BY THE NOMINATING COMMITTEE. THE NOMINATING COMMITTEE ALSO CONFIRMS THAT AN INDIVIDUAL IS ACTIVELY SEEKING OR HOLDING A NAR LEADERSHIP TEAM POSITION OR A NAR REGIONAL VICE PRESIDENT POSITION. THE REGIONAL REPRESENTATIVE, NAR LEADERSHIP TEAM POSITION AND NAR REGIONAL VICE PRESIDENT POSITION ARE APPROVED/ELECTED BY THE BOARD OF DIRECTORS. THE PAST CHAIRMAN OF THE BOARD (OR PAST PRESIDENT DIRECTOR) (2) ARE SELECTED BY THE PAST CHAIRMAN COUNCIL. THE AT-LARGE DIRECTORS ARE CHOSEN BY THE CHAIRMAN. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THESE BYLAWS AFFECTING THE ADMISSION OR QUALIFICATION OF ACTIVE MEMBERS AND INSTITUTE AFFILIATE MEMBERS, THE USE OF THE TERMS REALTOR OR REALTORS OR ANY ALTERATION IN THE TERRITORIAL JURISDICTION OF THE MEMBER BOARD SHALL BECOME EFFECTIVE UPON THE APPROVAL OF THE BOARD OF DIRECTORS OF THE NATIONAL ASSOCIATION OF REALTORS. WHEN BYLAWS AMENDMENTS ARE MANDATED BY NATIONAL ASSOCIATION OF REALTORS POLICY, THESE BYLAWS MAY BE AUTOMATICALLY AMENDED TO REFLECT THE MANDATE AS OF THE EFFECTIVE DATE OF THE MANDATORY POLICY AUTHORIZED BY NATIONAL ASSOCIATION OF REALTORS. THE WRA SHALL PROVIDE NOTICE OF THAT CHANGE IN A REGULAR OR SPECIAL MEMBERSHIP COMMUNICATION. FORM 990, PART VI, SECTION B, LINE 11B THE OFFICERS, EXECUTIVE COMMITTEE, AND BOARD OF DIRECTORS REVIEW THE AUDITED FINANCIAL STATEMENTS. MANAGEMENT, INCLUDING THE PRESIDENT, REVIEW THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT EMAILS THE 990 TO THE BOARD OF DIRECTORS AND THEY ARE GIVEN 5 DAYS TO REVIEW THE FORM BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL THE MEMBERS OF CERTAIN COMMITTEES AND THE BOARD, INCLUDING OFFICERS, ARE REQUIRED TO SIGN A FORM TO DISCLOSE ALL CONFLICTS OF INTEREST. THE SIGNED FORMS ARE KEPT AT THE ASSOCIATION'S OFFICE. IN ADDITION, AT THE BEGINNING OF EACH MEETING THE CHAIRMAN ASKS THE MEMBERS IF THEY HAVE ANY CONFLICTS WITH ITEMS ON THE PROPOSED AGENDA. FORM 990, PART VI, SECTION B, LINE 15 RESULTS OF THE LOCAL AREA TRADE ASSOCIATION SALARY SURVEY ARE USED (THE SURVEY IS CONDUCTED PERIODICALLY). PERIODICALLY, ADDITIONAL SALARY INFORMATION SOURCES ARE ALSO CONSULTED SUCH AS THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE), THE WISCONSIN SOCIETY OF ASSOCIATION EXECUTIVES (WSAE) AND THE NATIONAL ASSOCIATION OF REALTORS (NAR). OFFICERS REVIEW AND APPROVE ALL STAFF SALARIES (AS AN AGGREGATE AND NOT INDIVIDUALLY) AS PART OF THE BUDGET PROCESS NOT IN SEPARATE ACTION/REVIEW. THE PRESIDENT'S SALARY, PERFORMANCE AND CONTRACT ARE REVIEWED SEPARATELY BY THE OFFICERS BIANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. WISCONSIN REALTORS FOUNDATION INC 4801 FOREST RUN RD STE 201 MADISON WI 53704 510195146 SEE PART VII WI 501(C)(3) LINE 7 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN HOMEOWNERS ALLIANCE INC 4801 FOREST RUN RD STE 201 MADISON WI 53704 202931469 TO ADVANCE & PROMOTE ISSUES OF CONCERN TO WISCONSIN PROPERTY OWNERS WI 501(C)(4) WISCONSIN REALTORS ASSOCIATION INC 1 REALTORS POLITICAL ACTION COMMITTEE-WISCONSIN 4801 FOREST RUN RD STE 201 MADISON WI 53704 237082147 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN REALTORS POLITICAL FUND 4801 FOREST RUN RD STE 201 MADISON WI 53704 460769544 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN REALTORS ADVOCACY FUND 4801 FOREST RUN RD STE 201 MADISON WI 53704 821674073 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 WISCONSIN HOMEOWNERS ALLIANCE INC P 357245 BOOK VALUE WISCONSIN REALTORS ADVOCACY FUND P 178622 BOOK VALUE SCH R, PART II, (B) TO PROMOTE GREATER TECHNICAL COMPETENCY & HIGHER PROFESSIONAL STANDARDS IN REAL ESTATE