Wisconsin Realtors Association
- Assets
- $21.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 39
- Location
- Madison, WI
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 39-0782674
Organization Overview
Wisconsin Realtors Association is located in Madison, WI. The organization was established in 1974. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wisconsin Realtors Association employed 39 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Wisconsin Realtors Association 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, Wisconsin Realtors Association generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, LAND USE REGULATIONS, STATE TAX POLICY, ECONOMIC DEVELOPMENT, 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Theo President & CEO | Officer | 37.5 | $364,291 |
Thomas D Larson Executive Vice President | Officer | 37.5 | $307,119 |
Cori M Lamont Senior Director Legal And | 37.5 | $185,659 | |
Stephanie Larson VP Finance | 37.5 | $172,582 | |
Bruce Barchus Chief Operating Officer | 37.5 | $140,239 | |
Earl J Murray Director Of Political And | 37.5 | $124,452 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lake City Glass Inc New Windows | 12/30/20 | $132,410 |
Alphagraphics Printing Services | 12/30/20 | $109,897 |
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 | $6,749,666 |
| Investment income | $137,706 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,923 |
| Net Gain/Loss on Asset Sales | $278,455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,218,750 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $766,924 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,011,144 |
| Pension plan accruals and contributions | $171,286 |
| Other employee benefits | $295,533 |
| Payroll taxes | $196,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $299,199 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,726 |
| Fees for services: Other | $32,901 |
| Advertising and promotion | $0 |
| Office expenses | $84,127 |
| Information technology | $211,766 |
| Royalties | $0 |
| Occupancy | $218,874 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,982 |
| Insurance | $0 |
| All other expenses | $768,691 |
| Total functional expenses | $6,614,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385 |
| Savings and temporary cash investments | $432,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,379 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,510 |
| Prepaid expenses and deferred charges | $194,339 |
| Net Land, buildings, and equipment | $1,450,207 |
| Investments—publicly traded securities | $17,869,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,296,864 |
| Total assets | $21,391,509 |
| Accounts payable and accrued expenses | $1,202,526 |
| Grants payable | $0 |
| Deferred revenue | $3,524,768 |
| 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 | $1,236,314 |
| Total liabilities | $5,963,608 |
| Net assets without donor restrictions | $15,427,901 |
| 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 | $21,391,509 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Realtors Association has recieved totaling $125,000.
| Awarding Organization | Amount |
|---|---|
National Association Of Realtors Chicago, IL PURPOSE: GENERAL SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Rental Association Moline, IL | $60,063,193 | $21,216,984 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Michigan Association Of Realtors Lansing, MI | $19,860,076 | $8,510,169 |
Michigan Manufactured Housing Rv And Campground Association Okemos, MI | $4,347,878 | $2,091,544 |
Michigan Association Of Home Builders Lansing, MI | $1,275,641 | $1,128,395 |
Capital Area Association Of Realtors Springfield, IL | $1,975,418 | $1,191,335 |
Realtor Association Of Southwestern Illinois Belleville, IL | $873,858 | $852,796 |
Iowa Manufactured Housing Association Des Moines, IA | $2,039,224 | $388,214 |
Builders And Remodelers Association Of Greater Ann Arbor Ann Arbor, MI | $1,234,102 | $312,021 |
West Michigan Lakeshore Association Of Realtors Grand Haven, MI | $3,081,342 | $535,383 |
Home Builders Association Kalamazoo, MI | $379,894 | $328,067 |
Home Builders Association Of The Grand Traverse Area Traverse City, MI | $212,887 | $303,911 |