Greater Milwaukee Association Of Realtors Inc
- Assets
- $7.2m
- Revenue
- $3.0m
- Investments
- $3.5m
- Employees
- 12
- Location
- Milwaukee, WI
- Founding
- 05/1938
- Data as of
- 12/2023
- EIN
- 39-0477740
Organization Overview
Greater Milwaukee Association Of Realtors Inc is located in Milwaukee, WI. The organization was established in 1938. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greater Milwaukee Association Of Realtors Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Milwaukee Association Of Realtors Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Greater Milwaukee Association Of Realtors Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION UNITES MEMBERS OF THE REAL ESTATE PROFESSION IN THE COMMUNITIES SERVED BY THE ASSOCIATION FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON THE REAL ESTATE PROFESSION AND RELATED INTERESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION MAINTAINS POSITIVE RELATIONS WITH LOCAL GOVERNMENT ENTITIES IN THE SOUTHEASTERN WISCONSIN AREA IN ORDER TO AFFECT DECISIONS THAT MAY IMPACT LOCAL REAL ESTATE DEVELOPMENT, BUILDING, AND THE RESALE OF REAL ESTATE. AS PART OF ITS PUBLIC POLICY ACTIVITIES, THE ASSOCIATION EMPLOYS A LOCAL GOVERNMENT AFFAIRS DIRECTOR AND ALSO MAINTAINS A SEPARATE SEGREGATED FUND TO WHICH ITS MEMBERS MAY CONTRIBUTE.
THE ASSOCIATION HAD APPROXIMATELY 5,500 MEMBERS DURING 2023. IN ORDER TO COMMUNICATE WITH ITS MEMBERS, THE ASSOCIATION PUBLISHES A WEEKLY ELECTRONIC NEWSLETTER AND COMMUNICATES WITH MEMBERS SEVERAL TIMES EACH WEEK VIA E-MAIL AND SOCIAL MEDIA ON A VARIETY OF SUBJECTS RELATING TO THE PRACTICE OF REAL ESTATE. THE ASSOCIATION ALSO HOSTS PERIODIC SEMINARS ON REAL ESTATE RELATED SUBJECTS, SUCH AS CONTRACTS, ON AN AS-NEEDED BASIS. THE ASSOCIATION PROMOTES SEVERAL CONTINUING EDUCATION OPPORTUNITIES TO MEMBERS IN ORDER TO MAINTAIN THEIR REAL ESTATE LICENSES.
THE NATIONAL ASSOCIATION OF REALTORS CODE OF ETHICS ENFORCEMENT AND ARBITRATION SERVICES ARE ADMINISTERED BY THE ASSOCIATION FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Walters Chair | OfficerTrustee | 1 | $5,995 |
Sarah Cole Chair-Elect | OfficerTrustee | 1 | $3,396 |
Abby Hauke Secretary/treasurer | OfficerTrustee | 1 | $1,000 |
Kim Curtis Past Chair | OfficerTrustee | 1 | $3,692 |
Jose Flores Director | Trustee | 1 | $0 |
Jim Zarek Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Waterstreet Creative Llc Public Relations | 12/30/20 | $112,368 |
Wisconsin State Fair Park Exhibit Hall Services | 12/30/20 | $112,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,031,080 |
| Investment income | $14,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,438 |
| Net Gain/Loss on Asset Sales | -$611 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,042,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,535 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $333,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $621,596 |
| Pension plan accruals and contributions | $33,081 |
| Other employee benefits | $97,224 |
| Payroll taxes | $57,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,163 |
| Fees for services: Accounting | $54,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,425 |
| Fees for services: Other | $70,335 |
| Advertising and promotion | $150,613 |
| Office expenses | $53,595 |
| Information technology | $24,042 |
| Royalties | $0 |
| Occupancy | $20,192 |
| Travel | $99,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $671,988 |
| Interest | $7,066 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,677 |
| Insurance | $11,947 |
| All other expenses | $6,853 |
| Total functional expenses | $3,017,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,921 |
| Savings and temporary cash investments | $2,515,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $152,089 |
| Net Land, buildings, and equipment | $698,072 |
| Investments—publicly traded securities | $244,709 |
| Investments—other securities | $3,479,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,098 |
| Total assets | $7,184,338 |
| Accounts payable and accrued expenses | $320,894 |
| Grants payable | $0 |
| Deferred revenue | $1,824,720 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,466 |
| Total liabilities | $2,189,080 |
| Net assets without donor restrictions | $4,995,258 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,184,338 |
Grants Awarded
Over the last fiscal year, Greater Milwaukee Association Of Realtors Inc has awarded $20,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN ECONOMIC DEVELOPMENT ASSOCIATION OF WISCONSIN INC PURPOSE: TAKE ROOT MILWAUKEE AND SPONSORSHIPS | $5,500 |
MILWAUKEE HABITAT FOR HUMANITY INC PURPOSE: SPONSORSHIP | $15,000 |