Greater Milwaukee Association Of Realtors Inc

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 12/2021, Greater Milwaukee Association Of Realtors Inc employed 10 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 12/2021, Greater Milwaukee Association Of Realtors Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 4,800 MEMBERS DURING 2021. IN ORDER TO COMMUNICATE WITH ITS MEMBERS, THE ASSOCIATION PUBLISHES A MONTHLY 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 BROKERAGE. 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)Compensation
Mike Ruzicka
President
$223,357
Lewis Bush
Vice President Of Operations
$140,688
Kim Curtis
Chair-Elect
$2,536
Angela Walters
Secretary/treasurer
$2,251
Kelamar Svoboda
Past Chair
$1,000
Courtney Stefaniak
Chair
$1,000

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wisconsin State Fair Park
Exhibit Hall Services
$112,813
Waterstreet Creative Llc
Public Relations
$112,368
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $135,000
All other contributions, gifts, grants, and similar amounts not included above$37,200
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$172,200
Total Program Service Revenue$2,191,372
Investment income $14,181
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$10,423
Net Gain/Loss on Asset Sales $13,196
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,380,526

Grants Awarded

Over the last fiscal year, Greater Milwaukee Association Of Realtors Inc has awarded $22,000 in support to 2 organizations.

Grant RecipientAmount

MILWAUKEE HABITAT FOR HUMANITY INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: SPONSORSHIP

$15,000

URBAN ECONOMIC DEVELOPMENT ASSOCIATION OF WISCONSIN INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: TAKE ROOT MILWAUKEE AND SPONSORSHIPS

$7,000
View Grant Profile

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