2025-01-24T14:03:26-06:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 333 TEXAS STREET SUITE 1525 SHREVEPORT LA 71101 990 2023-01-01 720453576 NORTHWEST LOUISIANA ASSOCIATION OF REALTORS SHRE 3187970054 2036 EAST 70TH STREET SHREVEPORT LA 71105 SCOTT HUGHES EXECUTIVE DIRECTOR 3187970054 2025-01-18 1 1 AIMEE P MCFARLAND P01492592 3184291525 2025-01-20 2023 2025-03-06 01:10:19Z SCOTT HUGHES 2036 EAST 70TH STREET SHREVEPORT LA 71105 806468 0 X WWW.NWLAR.ORG X 1916 LA NWLAR IS THE LEADING PROVIDER OF SERVICES AND PRODUCTS TO ENHANCE THE PERFORMANCE, PROFESSIONALISM AND PROFITABILITY OF ITS MEMBERS AND THE LOCAL ADVOCATE FOR PRIVATE PROPERTY RIGHTS. 18 18 5 200 1021 28547 300455 337288 404077 400663 983 6418 7021 8066 712536 752435 6095 8517 0 0 470128 432349 0 0 0 301169 334412 777392 775278 -64856 -22843 1503068 1481792 296724 303385 1206344 1178407 NWLAR IS THE LEADING PROVIDER OF SERVICES AND PRODUCTS TO ENHANCE THE PERFORMANCE, PROFESSIONALISM AND PROFITABILITY OF ITS MEMBERS AND THE LOCAL ADVOCATE FOR PRIVATE PROPERTY RIGHTS. 0 0 WE ARE TRADITIONALLY ONE OF THE LARGEST PROVIDERS OF REAL ESTATE CONTINUING EDUCATION IN LOUISIANA, PROVIDING MORE THAN 8,000 FREE CE HOURS TO OUR MEMBERS. WE ARE TRADITIONALLY ONE OF THE MOST SUCCESSFUL ADVOCACY GROUPS WORKING FOR PRIVATE PROPERTY RIGHTS, REAL ESTATE PROFESSIONALS AND EDUCATING OUR MEMBERS ON KEY INDUSTRY ISSUES AND CONCERNS. WE PROVIDE ELECTRONIC FORMS FOR REAL ESTATE PROFESSIONALS TO HELP FACILITATE MORE THAN 5,000 TRANSACTIONS DONE BY MEMBERS EACH YEAR. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 5 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SCOTT HUGHES 3187970054 2036 EAST 70TH STREET SHREVEPORT LA 71105 JOUSHUA HANSON DIRECTOR 2.00 1.00 X 0 0 0 STEPHANIE LAMBERT DIRECTOR 2.00 1.00 X 0 0 0 JANICE MELANCON DIRECTOR 2.00 1.00 X 0 0 0 MARLENE SIMMONS DIRECTOR 2.00 1.00 X 0 0 0 ADRIENNE FRIERSON DIRECTOR 2.00 1.00 X 0 0 0 VANESSA HACKLEMAN DIRECTOR 2.00 1.00 X 0 0 0 JACQUELINE KELLY DIRECTOR 2.00 1.00 X 0 0 0 CASSIE WALTON DIRECTOR 2.00 1.00 X 0 0 0 STEPHEN MILLER DIRECTOR 2.00 1.00 X 0 0 0 CYNDY RISER DIRECTOR 2.00 1.00 X 0 0 0 KYLE STRAUGHAN DIRECTOR 2.00 1.00 X 0 0 0 JAYNE TAPPE DIRECTOR 2.00 1.00 X 0 0 0 DAVID ROLLINS MLS REPRESENTATIVE 5.00 1.00 X 0 0 0 JOHN LORICK CID PRESIDENT 5.00 1.00 X 0 0 0 MISTY INGERSOLL PAST PRESIDENT 5.00 1.00 X 0 0 0 RACHEL WALLER PRESIDENT-ELECT 5.00 1.00 X 0 0 0 DEBRA LINDSEY PRESIDENT 5.00 1.00 X 0 0 0 SHELLY WAGNER SECRETARY-TREASURER 5.00 1.00 X 0 0 0 D SCOTT HUGHES ASSOCIATION EXECUTIVE 25.00 1.00 X 143369 0 0 143369 0 0 1 0 0 0 0 337288 337288 MLS MANAGEMENT FEE 531390 360213 360213 INITIATION FEES 531390 28926 28926 TRANSFER FEES 531390 8015 8015 SPECIAL EVENTS 531390 3457 3457 CONTINUING ED & SCHOOL 531390 52 52 400663 6418 6418 30000 54033 -24033 -24033 -24033 PARTNERSHIP INCOME 900099 25054 25054 FINES & LATE FEES 900099 4700 4700 COMMERCIAL INVESTMENT 900099 2043 2043 302 302 32099 752435 405665 1021 8461 6517 2000 143369 200795 9733 51830 26622 288 59370 10236 39447 41487 5251 48766 13487 COMMITTEE/BOARD EXPENSE 47081 OTHER ADMINISTRATIVE EX 37636 MEMBER SERVICES 21896 NW LEADERSHIP ACADEMY P 8142 1325 775278 200887 194053 323742 330163 1189393 898458 333800 290935 644639 666641 1503068 1481792 5086 5059 291308 298126 330 200 296724 303385 X 1193142 1166012 13202 12395 1206344 1178407 1503068 1481792 X -22843 -5094 X X 0 1 X 1 0 1 0 0 99467 99467 881882 701679 180203 208044 196779 11265 290935 INVESTMENT IN MLS, INC. 256512 C INVESTMENT IN NORTHWEST LA COMMERCIAL INVESTMENT DIVISION, LLC 239724 C INVESTMENT IN NWLAR FOUNDATION 21049 C INVESTMENT IN NTREIS 149356 C 666641 DUE TO MLS 200 200 X PART X, LINE 2: AS REQUIRED BY U.S. ACCOUNTING STANDARDS, THE ASSOCIATION AND ITS SUBSIDIARIES HAVE REVIEWED VARIOUS TAX POSITIONS THAT HAVE BEEN TAKEN IN THEIR TAX FILINGS AND HAVE DETERMINED THAT THEY DO NOT HAVE ANY TAX POSITIONS THAT THEY CONSIDER TO BE UNCERTAIN. THE ASSOCIATION AND ITS SUBSIDIARIES DO NOT EXPECT THESE POSITIONS TO CHANGE SIGNIFICANTLY OVER THE NEXT TWELVE MONTHS. THE ASSOCIATION AND ITS SUBSIDIARIES ARE REQUIRED TO ACCRUE POTENTIAL INTEREST AND PENALTIES FOR ANY UNCERTAIN TAX POSITIONS; HOWEVER, NO SUCH ACCRUALS WERE CONSIDERED NECESSARY AS OF DECEMBER 31, 2023 AND 2022. THE ASSOCIATION AND ITS SUBSIDIARIES FILE FEDERAL INCOME TAX RETURNS, AS WELL AS LOUISIANA STATE RETURNS. FEDERAL AND STATE INCOME TAX RETURNS FILED FOR THE TAX YEARS 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE LOUISIANA DEPARTMENT OF REVENUE. FORM 990, PART VI, SECTION A, LINE 2 SOME OF THE BOARD MEMBERS ALSO HAVE BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE LICENSED REALTORS IN NORTHWEST LOUISIANA. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ANNUALLY ELECTS THE OFFICERS AND DIRECTORS FOR THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE TO REVIEW AND THEN IT IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND DIRECTOR SIGNS THE CONFLICT OF INTEREST POLICY AT THE BEGINNING OF EACH YEAR. THE POLICY IS THEN REFERENCED AT THE BEGINNING OF EACH BOARD OF DIRECTORS MEETING AND EACH DIRECTOR ACKNOWLEDGES THEIR AWARENESS OF THE POLICY IN WRITING. FORM 990, PART VI, SECTION B, LINE 15 THE BUDGET COMMITTEE REVIEWS ANNUAL PAYROLL AND THE ASSOCIATION EXECUTIVE'S COMPENSATION AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1024, FORM 990, AND FORM 990-T AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE KEPT IN A BINDER IN THE ASSOCIATION'S OFFICE AND MAY BE REVIEWED AT ANY TIME. THE ASSOCIATION'S BYLAWS, MLS RULES, CODE OF ETHICS, AND POLICIES ARE INCLUDED ON THE ASSOCIATION'S WEBSITE AND ARE PROVIDED TO ALL NEW MEMBERS AND TO OTHER MEMBERS ON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN EQUITY IN INCOME FROM INVESTMENTS -3,051. CID INVESTMENT -2,043. FORM 990, PART XI, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. 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