Wisconsin Realtors Association
- Assets
- $21.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Madison, WI
- Founding
- 09/1974
- Data as of
- 12/2023
- 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 12/2023, Wisconsin Realtors Association employed 44 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 12/2023, Wisconsin Realtors Association generated $6.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $7.6m during the year ending 12/2023. While expenses have increased by 3.4% 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
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
PROFESSIONAL DEVELOPMENT: EXPENSES INCURRED TO PROVIDE INFORMATION, EDUCATION AND TRAINING RELATED TO REAL ESTATE LICENSE LAW, DESIGNATIONS, CONVENTIONS, LEGAL UPDATES, FORMS, AND MEMBER SERVICES.
COMMUNICATIONS: EXPENSES INCURRED TO PROVIDE TECHNICAL AND CREATIVE SUPPORT FOR THE ASSOCIATION'S COMMUNICATION AND PROMOTION OBJECTIVES TO MEMBERS AND NONMEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Horning Chair Of The Board | OfficerTrustee | 3.08 | $1,500 |
Amy Curler Vice President | OfficerTrustee | 1.12 | $0 |
Maxelle Rea Vice President | OfficerTrustee | 1.12 | $0 |
Mary Jo Bowe Chair Of The Board-Elect | OfficerTrustee | 3.08 | $298 |
Chris Devincentis Treasurer | OfficerTrustee | 3.08 | $0 |
Bradley Lois Immediate Past Chair | Trustee | 1.12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Platform Communcations Marketing | 12/30/23 | $145,699 |
Schumann Printers Inc Printing | 12/30/23 | $115,588 |
Sva Consulting Llc Consulting | 12/30/23 | $105,034 |
Lightburn Designs Llc Design | 12/30/23 | $104,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $214,766 |
| 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 | $214,766 |
| Total Program Service Revenue | $6,110,534 |
| Investment income | $171,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,923 |
| Net Gain/Loss on Asset Sales | $38,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,685,141 |
| 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. | $1,082,562 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,395,241 |
| Pension plan accruals and contributions | $207,592 |
| Other employee benefits | $249,071 |
| Payroll taxes | $236,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249,679 |
| Fees for services: Accounting | $17,958 |
| Fees for services: Lobbying | $275,869 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,470 |
| Fees for services: Other | $364,520 |
| Advertising and promotion | $185,817 |
| Office expenses | $346,803 |
| Information technology | $241,613 |
| Royalties | $0 |
| Occupancy | $250,848 |
| Travel | $243,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $353,165 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,243 |
| Insurance | $32,847 |
| All other expenses | $47,714 |
| Total functional expenses | $7,604,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $494,903 |
| Savings and temporary cash investments | $10,116,861 |
| Pledges and grants receivable | $214,766 |
| Accounts receivable, net | $157,464 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,672 |
| Prepaid expenses and deferred charges | $234,648 |
| Net Land, buildings, and equipment | $1,392,056 |
| Investments—publicly traded securities | $8,205,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,301 |
| Other assets | $1,020,143 |
| Total assets | $21,870,619 |
| Accounts payable and accrued expenses | $574,797 |
| Grants payable | $0 |
| Deferred revenue | $4,135,006 |
| 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 | $1,525,717 |
| Total liabilities | $6,235,520 |
| Net assets without donor restrictions | $15,635,099 |
| 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 | $21,870,619 |