Minnesota Association Of Realtors
- Assets
- $10.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Minnetonka, MN
- Founding
- 07/1958
- Data as of
- 12/2022
- EIN
- 41-6039154
Organization Overview
Minnesota Association Of Realtors is located in Minnetonka, MN. The organization was established in 1958. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Minnesota Association Of Realtors employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Association Of Realtors 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 12/2022, Minnesota Association Of Realtors generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 5.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS MEMBERS' FIRST RESOURCE FOR REAL ESTATE INFORMATION AND PROFESSIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES - THE MINNESOTA ASSOCIATION OF REALTORS HAD 22,000 MEMBERS FOR THE YEAR ENDED DECEMBER, 2022. AMONG THE SERVICES PROVIDED TO MEMBERS, THE ASSOCIATION:1. CONDUCTED PEER REVIEWS OF COMPLAINTS AGAINST REALTORS; 2. PROVIDED REAL ESTATE TRANSACTION FORMS THAT GIVE CONSISTENCY FOR ALL OF THE DIFFERENT TRANSACTIONS CONDUCTED BY REALTORS; 3. PROVIDED BROKERS WITH THE LEGAL HOTLINE, A FREE LEGAL SERVICE FOR BROKERS TO TALK TO ATTORNEYS REGARDING TRANSACTIONS; AND4. PROVIDED CONTINUING EDUCATION TO MEMBERS.
CAPITOL CONFERENCE - THE ASSOCIATION RECEIVED UPDATES ON LEGISLATION CONCERNING REAL ESTATE AND VISITED WITH LEGISLATORS IN SUPPORT OF OUR MEMBERS.
STATE CONFERENCE - THE ANNUAL CONFERENCE UNITES OUR MEMBERSHIP ACROSS THE STATE WHILE PROMOTING EDUCATION, NETWORKING AND DISCUSSION ON REAL ESTATE ISSUES AND PRACTICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warzecha Randal Director | Trustee | 1 | $0 |
Vue Nalee Director | Trustee | 1 | $0 |
Vatani-Oskooi Arman Director | Trustee | 1 | $0 |
Uzelac Wendy Director | Trustee | 1 | $0 |
Theis Geri Treasurer | OfficerTrustee | 1 | $0 |
Thao-Berg Shang Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lone Wolf Real Estate Technologies Access To Real Estate Forms | 12/30/21 | $288,190 |
The Bainey Group Building Remodel | 12/30/21 | $273,306 |
Coordinated Business Solutions A/v Equipment | 12/30/21 | $129,154 |
Sensible Housing Ballot Committee Market Surveys | 12/30/21 | $125,000 |
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 | $4,777,232 |
| Investment income | $80,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,109 |
| Net Rental Income | $120,370 |
| Net Gain/Loss on Asset Sales | -$3,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $252,923 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,330,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,419 |
| 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. | $308,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,710,415 |
| Pension plan accruals and contributions | $110,424 |
| Other employee benefits | $411,091 |
| Payroll taxes | $147,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $467 |
| Fees for services: Accounting | $78,621 |
| Fees for services: Lobbying | $129,204 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,222 |
| Advertising and promotion | $3,415 |
| Office expenses | $499,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,137 |
| Travel | $158,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $292,068 |
| Interest | $126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,929 |
| Insurance | $30,217 |
| All other expenses | $38,039 |
| Total functional expenses | $4,947,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,314,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $477,237 |
| 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 | $165,705 |
| Net Land, buildings, and equipment | $3,646,507 |
| Investments—publicly traded securities | $2,076,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,680,321 |
| Accounts payable and accrued expenses | $433,045 |
| Grants payable | $0 |
| Deferred revenue | $2,619,002 |
| 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 | $48,708 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,100,755 |
| Net assets without donor restrictions | $7,579,566 |
| 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 | $10,680,321 |
Grants Awarded
Over the last fiscal year, Minnesota Association Of Realtors has awarded $80,919 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ASSOCIATION OF REALTORS RELIEF FOUNDATION PURPOSE: PROVIDING HOUSING-RELATED ASSISTANCE TO VICTIMS OF DISASTERS | $15,000 |
NATIONAL ASSOCIATION OF REALTORS CORPORATE ALLY PROGRAM PURPOSE: SUPPORT FOR FEDERAL, STATE, & LOCAL ADVOCACY CAMPAINGS IN FAVOR OF THE REAL ESTATE INDUSTRY | $20,000 |
MINNESOTA HOMEOWNERS ALLIANCE INC PURPOSE: PROMOTING SOCIAL WELFARE | $45,919 |