2016-02-04T08:19:39-06:00 2015-09-30 391203191 SVA CERTIFIED PUBLIC ACCOUNTANTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2014-10-01 390782674 WISCONSIN REALTORS ASSOCIATION INC WISC 6082412047 4801 FOREST RUN ROAD MADISON WI 53704 MICHAEL THEO PRESIDENT & CEO 6082412047 2016-02-02 1 DOUGLAS K BERRY P00540951 6088318181 2016-01-30 2014 2016-04-25 22:37:26Z MICHAEL THEO 4801 FOREST RUN RD MADISON WI 53704 6498134 0 X WWW.WRA.ORG X 1909 WI TO PROMOTE THE ADVANCEMENT OF REAL ESTATE IN WISCONSIN AND PROVIDE CUTTING EDGE TOOLS TO HELP REALTORS ENJOY A SUCCESSFUL CAREER AND BE COMPETITIVE IN THEIR MARKET. 35 35 41 222 52762 0 4028 70200 5628973 5840639 111004 232306 49823 49820 5793828 6192965 0 0 0 0 2548680 2681153 0 0 0 2934366 2942151 5483046 5623304 310782 569661 8855287 9008104 1580846 1432296 7274441 7575808 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 SERVICES/PUBLIC AFFAIRS: EXPENSES INCURRED TO PROVIDE SERVICES FOR LEGISLATIVE ADVOCACY, HOUSING STATISTICS, REAL ESTATE MARKET RESEARCH, EXTERNAL MEDIA ACTIVITIES, INFORMATION, PRODUCTS AND LOBBYING SERVICES RELATED TO LICENSE LAW, PROFESSIONAL STANDARDS, FAIR HOUSING, AND REAL ESTATE PRACTICE. 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: AS PART OF THE ASSOCIATION'S PUBLIC POLICY ACTIVITIES, EXPENSES INCURRED FOR PUBLIC OPINION RESEARCH, MEMBER MOBILIZATION, AND GRASSROOTS LOBBYING COMMUNICATIONS. LEADERSHIP PROGRAM AND PLANNING: EXPENSES INCURRED TO FUND VOLUNTEER ELECTED LEADERSHIP RESPONSIBILITIES AND MANAGEMENT TO SET POLICY FOR THE ORGANIZATION. COSTS INCLUDE,MANAGEMENT OF THE ASSOCIATION, STRATEGIC/LONG TERM PLANNING, NOMINATIONS OF LEADERS AND NATIONAL CHAPTER LIAISON FUNCTIONS. 0 1 1 1 0 0 0 0 0 1 0 0 1 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 49 0 41 1 1 1 0 0 0 1 1 0 X 35 35 1 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X WISCONSIN REALTORS ASSOC INC 6082412047 4801 FOREST RUN RD MADISON WI 53704 BENSON JEFF REGIONAL COMPANY DIRECTOR 0.60 X 0 0 0 CLARKE JULIE REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 DEVINCENTIS CHRISTOPHER REGIONAL COMPANY DIRECTOR 0.60 X 0 0 0 EGENHOEFER ERIC OUTSIDE DIRECTOR 0.60 X 0 0 0 FLOR JOHN PAST PRESIDENT DIRECTOR 0.60 0.40 X 130 0 0 GERKE-EDWARDS CINDY REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 HEARST JUDY REGIONAL COMPANY DIRECTOR 0.60 0.10 X 0 0 0 HENDRICKS JILL REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 HEYERDAHL SCOTT REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 HILGENBERG TERRY PAST PRESIDENT DIRECTOR 0.60 X 0 0 0 HORNING JOHN STATEWIDE COMPANY DIRECTOR 0.60 X 0 0 0 JONES JEFFREY REGIONAL COMPANY DIRECTOR 0.60 X 0 0 0 KASTER PATRICIA EXECUTIVE COMMITTEE 1.30 0.10 X 0 0 0 KOLASHINSKI KIM REGIONAL COMPANY DIRECTOR 0.60 X 0 0 0 KRUSE DANIEL CHAIRMAN OF THE BOARD 3.25 0.50 X X 229 0 0 LANE STEVEN PAST PRESIDENT DIRECTOR 0.60 0.40 X 1452 0 0 LAWLER DAN EXECUTIVE COMMITTEE 1.30 X 0 0 0 LEE DANIEL REGIONAL COMPANY DIRECTOR 0.60 X 0 0 0 LOGAN LAURIE EXECUTIVE COMMITTEE 1.30 0.10 X 0 0 0 LYONS JERRY REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 MAURER KC CHAIRMAN OF THE BOARD - EL 3.25 0.10 X X 973 0 0 NORTHWOOD CHRIS REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 NUDO ANTHONY REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 PEETERS CHARLES STATEWIDE COMPANY DIRECTOR 0.60 X 0 0 0 PROCTER ROBERT OUTSIDE DIRECTOR 0.60 X 0 0 0 RIVARD BENJAMIN REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 ROESSLER MIKE REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 ROHDE JOHN REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 RUSHMAN ROGER STATEWIDE COMPANY DIRECTOR 0.60 X 0 0 0 SCHMIDT DAVID REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 SJOWALL ERIK TREASURER 3.25 0.10 X X 266 0 0 SPRANGER MICHAEL REGIONAL COMPANY DIRECTOR 0.60 0.40 X 0 0 0 STEFANIAK JEAN REGIONAL - REP. DIRECTOR 0.60 X 0 0 0 SVEUM PETER EXECUTIVE COMMITTEE 1.30 0.10 X 0 0 0 WELSH SCOTT OUTSIDE DIRECTOR 0.60 X 0 0 0 THEO MICHAEL PRESIDENT & CEO 37.50 0.50 X 289372 0 28137 LARSON THOMAS D SENIOR VP LEGAL AND PUBLIC AFFAIRS 37.50 X 227149 0 16612 LLOYD DEBRA P SENIOR ATTORNEY AND DIRECTOR OF LEGAL AFFAIRS 37.50 X 102795 0 15069 MURRAY EARL J DIRECTOR OF POLITICAL AND GOVERNMENTAL AFFAIRS 37.50 X 107317 0 6434 LEHMANN RONALD VP OPERATIONS 37.50 X 112703 0 6769 842386 0 73021 5 0 1 0 INLAND COMPANIES 1243 N 10TH ST STE 300 MILWAUKEE WI 53205 CONTRACTOR 233740 ROYLE PRINTING CO PO BOX 750 SUN PRAIRIE WI 53590 PRINTING SERVICES 103143 2 70200 70200 MEMBERSHIP DUES 900099 3392557 3392557 EDUCATIONAL SERVICES 900099 2220666 2220666 COMMUNICATIONS 900099 54786 2024 52762 SECTION FEES 900099 38018 38018 LEGAL SERVICES/PUBLIC 900099 22685 22685 111927 111927 5840639 99851 99851 49820 0 49820 49820 49820 437303 321 302964 2205 134339 -1884 132455 132455 6192965 5787877 52762 282126 X 345814 1858858 114604 202867 159010 22100 7063 66881 54648 157605 197010 18990 126485 ALLOCATION OF INDIRECT -2296783 EDUCATIONAL PROGRAMS 1708010 LEGAL SERVICES/PUBLIC A 1593351 LEADERSHIP PROGRAM & PL 522515 764276 5623304 385 385 2199527 2292866 51477 58700 86207 98201 125680 236544 2758088 1552353 1255811 1205735 4253935 4297711 882265 817962 8855287 9008104 672596 587949 57650 56527 850600 787820 1580846 1432296 X 7274441 7575808 7274441 7575808 8855287 9008104 569661 -268294 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4714 4714 4714 1 0 0 0 3392557 339557 339557 576735 0 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 1328903 645592 683311 90000 37317 52683 1037668 869444 168224 1205735 ART WORK 9000 DEFERRED COMPENSATION ASSETS 417183 DIRECT GIVER PROGRAM 358714 WEBSITE AND SOFTWARE DEVELOPMENT COSTS, NET 7884 ASSETS UNDER OPERATING LEASE 10032 INTEREST RECEIVABLE 15149 817962 DEFERRED COMPENSATION 417183 DIRECT GIVER PROGRAM 358714 CAPITAL LEASE OBLIGATION 11923 787820 X X X 0 1 X X X 0 0 0 THEO MICHAEL PRESIDENT & CEO 230288 0 25749 0 33335 0 23445 0 4692 0 317509 0 0 0 LARSON THOMAS D SENIOR VP LEGAL AND PUBLIC AFFAIRS 195000 0 10681 0 21468 0 16612 0 0 0 243761 0 0 0 PART I, LINE 1A 1. TRAVEL FOR COMPANIONS: RECEIVED BY THE PRESIDENT & CEO. THIS BENEFIT IS TREATED AS TAXABLE COMPENSATION. 2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: RECEIVED BY THE HIGHEST COMPENSATED EMPLOYEE. 3. SOCIAL CLUB DUES OR INITIATION FEES: RECEIVED BY THE PRESIDENT & CEO AND HIGHEST COMPENSATED EMPLOYEE. THE PERSONAL USE PORTION OF THE SOCIAL CLUB BENEFIT IS TREATED AS TAXABLE COMPENSATION. THERE WAS NO HEALTH CLUB BENEFIT IN THE CALENDAR YEAR 2014. 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 DAN KRUSE AND MIKE ROESSLER HAVE A BUSINESS RELATIONSHIP. DAN LEE AND ROGER RUSHMAN HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE WRA BYLAWS WERE CHANGED AS TO THE QUALIFICATIONS OF THE SEVEN REGIONAL REPRESENTATIVE DIRECTOR SEATS ON THE WRA BOARD OF DIRECTORS. SPECIFICALLY, THE CHANGE RELATES TO A REGIONAL REPRESENTATIVE DIRECTOR MEMBER AND THEIR AFFILIATION WITH A STATEWIDE OR REGIONAL COMPANY WHO ALSO HOLDS A SEAT ON THE WRA BOARD OF DIRECTORS. THE BYLAWS NOW REQUIRE THE REGIONAL REPRESENTATIVE DIRECTOR TO DISCLOSE THEIR AFFILIATION WITH A STATEWIDE OR REGIONAL COMPANY AT THE TIME OF APPLICATION TO SEAT ON THE BOARD AND AFFORDS THE WRA BOARD OF DIRECTORS DISCRETION WHEN THE REGIONAL REPRESENTATIVE DIRECTOR AFFILIATES DURING THEIR DIRECTORSHIP WITH A STATEWIDE OR REGIONAL COMPANY. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS FROM WI WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANACE. 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 AND APPROVED/ELECTED BY THE BOARD OF DIRECTORS. THE PAST CHAIRMAN OF THE BOARD (OR PAST PRESIDENT DIRECTOR) (3) ARE SELECTED BY THE PAST CHAIRMAN COUNCIL. THE AT-LARGE OUTSIDE DIRECTORS ARE CHOSEN BY THE CHAIRMAN. FORM 990, PART VI, SECTION B, LINE 11 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 E-MAILS 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 IS USED (THE SURVEY IS CONDUCTED SEMI-ANNUALLY). RESULTS FROM THE WSAE SALARY SURVEY IS USED WHICH WAS PUBLISHED IN THE WSAE 2013 ASSOCIATION COMPENSATION & BENEFITS STUDY. OFFICERS REVIEW AND APPROVE ALL STAFF SALARIES (AS AN AGGREGATE AND NOT INDIVIDUALLY) AS PART OF THE BUDGET PROCESS NOT IN SEPARATE ACTION/REVIEW, INCLUDING THE PRESIDENT. THE PRESIDENT'S SALARY, PERFORMANCE AND CONTRACT ARE REVIEWED SEPARATELY BY THE OFFICERS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC FORM 990, PART IX, LINE 24E COMMUNICATIONS 435,848. PRIVATE PROPERTY ACTION FUND 149,740. LEGAL ACTION FUND 146,524. R&D FUND 20,055. MISC EXPENSES 12,109. WISCONSIN REALTORS FOUNDATION 4801 FOREST RUN ROAD MADISON WI 53704 510195146 CHARITY WI 501(C)(3) LINE 7 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN HOMEOWNERS ALLIANCE 4801 FOREST RUN ROAD MADISON WI 53704 202931469 ADVOCACY WI 501(C)(4) WISCONSIN REALTORS ASSOCIATION INC 1 REALTORS POLITICAL ACTION COMMITTEE - WI 4801 FOREST RUN ROAD MADISON WI 53704 237082147 PAC WI 527 N/A 0 WISCONSIN REALTORS POLITICAL FUND 4801 FOREST RUN ROAD MADISON WI 53704 460769544 POLITICAL WI 527 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 1 WISCONSIN HOMEOWNERS ALLIANCE L 994891 WHA BOD WISCONSIN HOMEOWNERS ALLIANCE R 150000 NET CASH TRANSFER SCHEDULE R, PART V, LINE 2 FURTHER EXPLANATION OF THE TRANSACTIONS WITH RELATED ORGANIZATIONS: INVESTMENTS OF WISCONSIN HOMEOWNERS ALLIANCE (WHA) AND WISCONSIN REALTORS FOUNDATION (WRF) ARE POOLED WITH THE INVESTMENTS HELD UNDER THE NAME OF WISCONSIN REALTORS ASSOCATION (WRA). THE POOLED INVESTMENTS AND RELATED INVESTMENT GAINS AND LOSSES ARE ALLOCATED TO WHA AND WRF BASED ON A WEIGHTED AVERAGE OF THE COST BASIS INCLUDED IN THE INVESTMENT POOL. THE AMOUNT INVOLVED REPORTED ON LINE 2, ITEM 1R REPRESENTS THE NET TRANSFERS OF CASH THAT WHA WITHDREW FROM THE POOLED INVESTMENT FUND DURING THE FISCAL YEAR. THE NET TRANSFERS OF CASH THAT WRF DEPOSITED IS NOT REPORTED ON LINE 2, AS THE NET AMOUNT INVOLVED DID NOT EXCEED $50,000.