2025-04-18T15:02:41-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 041591030 MASSACHUSETTS ASSOCIATION OF REALTORS INC MASS 7818903700 124 WASHINGTON STREET 302 FOXBOROUGH MA 02035 THERESA HATTON CEO/EXECUTIVE VP 7818903700 2025-04-17 1 0 DANIELLE NIHILL P01350943 7819821001 2025-04-17 2024 2025-03-06 01:10:19Z X THERESA HATTON 124 WASHINGTON STREET 302 FOXBOROUGH MA 02035 14865548 0 X MAREALTOR.COM X 1991 MA PROVIDE INFORMATION AND EDUCATION SERVICES TO MEMBERS. PERFORM SERVICES FOR MEMBERS IN CONCERT WITH LOCAL AND NATIONAL ASSOCIATIONS OF REALTORS INCLUDING THE PROMOTION OF PROGRAMS DESIGNED TO ENHANCE THE REALTORS' ABILITY TO CONDUCT THEIR BUSINESS. PROGRAMS FOCUS ON LEADERSHIP, COMMUNICATIONS, EDUCATION, GOVERNMENT AFFAIRS, CONVENTIONS AND MEETINGS. 76 75 17 266 921 0 12500 253790 4762052 4320580 630418 596340 348252 302484 5753222 5473194 40345 70595 0 0 2176830 2164775 0 0 0 2566151 2087843 4783326 4323213 969896 1149981 17530148 18126338 3762924 2941383 13767224 15184955 PROVIDE AN ENVIRONMENT THAT POSITIONS THE REALTOR AS THE PRIMARY SOURCE FOR REAL ESTATE SERVICES, PROMOTES A POSITIVE PROFESSIONAL IMAGE OF THE REALTOR, AND ADVOCATES PRESERVATION AND ENHANCEMENT OF THE RIGHTS TO OWN, USE AND TRANSFER REAL PROPERTY. 0 0 PROVIDE NUMEROUS PROGRAMS AND SERVICES DESIGNED TO PROMOTE THE BUSINESS INTEREST AND CAREER GOALS OF REAL ESTATE PRACTITIONERS. THE EDUCATIONAL PROGRAMS, PUBLICATIONS AND ONLINE NEWS SERVICES PROVIDED TO ITS APPROXIMATELY 24,500 MEMBERS OFFER REAL ESTATE LICENSEES THE OPPORTUNITY TO LEARN NEW, CUTTING EDGE BUSINESS SKILLS. IN ADDITION, GOVERNMENT AFFAIRS EFFORTS WORK TO PROMOTE THE PRESERVATION AND EXTENSION OF REAL PROPERTY RIGHTS AND THE VIEWS OF ITS MEMBERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 1 17 1 0 0 0 0 0 0 0 0 X 76 75 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X THERESA HATTON 7818903700 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 DAVID MCCARTHY PAST PRESIDENT 1.00 X X 0 0 0 AMY WALLICK PRESIDENT 1.00 X X 2500 0 0 SARAH GUSTAFSON PRESIDENT-ELECT 1.00 X X 0 0 0 MICHAEL C DELUCA TREASURER 1.00 X X 0 0 0 DAWN M RUFFINI DIRECTOR 1.00 X 0 0 0 JUSTIN W RAY DIRECTOR 1.00 X 0 0 0 MAGGIE C TOMKIEWICZ DIRECTOR 1.00 X 0 0 0 KIMBERLY A ALLARD DIRECTOR 1.00 X 0 0 0 STEPHEN J MEDEIROS DIRECTOR 1.00 X 0 0 0 COLLEEN MURPHY DIRECTOR 1.00 X 0 0 0 CHARITY EDWARDS DIRECTOR 1.00 X 0 0 0 DINO A CONFALONE DIRECTOR 1.00 X 0 0 0 DONNA DAVIDS DIRECTOR 1.00 X 0 0 0 ANNIE D BLATZ DIRECTOR THRU 08/2024 1.00 X 0 0 0 TRACEY FIORELLI DIRECTOR 1.00 X 0 0 0 KRISTEN KEEGAN DIRECTOR 1.00 X 0 0 0 RITA A COFFEY DIRECTOR 1.00 X 0 0 0 ROBERT W SULLIVAN DIRECTOR 1.00 X 0 0 0 MARIE A PRESTI DIRECTOR 1.00 X 0 0 0 KATHY CURRAN MCSWEENEY DIRECTOR 1.00 X 0 0 0 SANDRA J CARROLL DIRECTOR 1.00 X 0 0 0 D GARY ROGERS DIRECTOR 1.00 X 0 0 0 KURT O THOMPSON DIRECTOR 1.00 X 0 0 0 NICHOLAS A GERANIOS DIRECTOR 1.00 X 0 0 0 CORTNEY K DUPONT DIRECTOR 1.00 X 0 0 0 EMILY P CLARK DIRECTOR 1.00 X 0 0 0 GREGORY R KIELY DIRECTOR 1.00 X 0 0 0 KELLY MARIE DIRECTOR 1.00 X 0 0 0 PAUL G YORKIS DIRECTOR 1.00 X 0 0 0 LISA C PARENTEAU DIRECTOR 1.00 X 0 0 0 ALISON M SOCHA DIRECTOR 1.00 X 0 0 0 JEAN M RUBIN DIRECTOR 1.00 X 0 0 0 SUSAN WRIGHT DIRECTOR 1.00 X 0 0 0 ERICA SWALLOW DIRECTOR 1.00 X 0 0 0 SERENA LOPICCOLO-SMITH DIRECTOR 1.00 X 0 0 0 LEE A JOSEPH DIRECTOR 1.00 X 0 0 0 NATE D DANIEL DIRECTOR 1.00 X 0 0 0 CHERIE BENOIT DIRECTOR 1.00 X 0 0 0 NICOLE VADNAIS DIRECTOR 1.00 X 0 0 0 WILLIAM R DERMODY DIRECTOR 1.00 X 0 0 0 ANNETTE M GIVEN DIRECTOR 1.00 X 0 0 0 STEPHANIE BAYLISS DIRECTOR 1.00 X 0 0 0 KELLY A CATALLO DIRECTOR 1.00 X 0 0 0 ROBERT J HARRINGTON DIRECTOR 1.00 X 0 0 0 JUDY E MOORE DIRECTOR 1.00 X 0 0 0 SHERYLE DEGIROLAMO DIRECTOR 1.00 X 0 0 0 ROBERT E IMPERATO DIRECTOR 1.00 X 0 0 0 TODD MOVSESSIAN DIRECTOR 1.00 X 0 0 0 DAVID M PERETTI DIRECTOR 1.00 X 0 0 0 JOSELIN MALKHASIAN DIRECTOR 1.00 X 0 0 0 AMLETO MARTOCCHIA DIRECTOR 1.00 X 0 0 0 BYRON LANE DIRECTOR 1.00 X 0 0 0 JAMIE L THOMPSON DIRECTOR 1.00 X 0 0 0 CHERYL KING DIRECTOR 1.00 X 0 0 0 VINCENT M WALSH DIRECTOR 1.00 X 0 0 0 MARK A TRIGLIONE DIRECTOR 1.00 X 0 0 0 GLORISELL ORTEGA DIRECTOR 1.00 X 0 0 0 LOUIS P MAYO DIRECTOR 1.00 X 0 0 0 JARED C WILK DIRECTOR 1.00 X 0 0 0 JAN L PELLEGRINI DIRECTOR 1.00 X 0 0 0 RONALD CARPENITO DIRECTOR 1.00 X 0 0 0 NEILY SOTO DIRECTOR 1.00 X 0 0 0 ADELINE MATTON DIRECTOR 1.00 X 0 0 0 TYSON LYNCH DIRECTOR 1.00 X 0 0 0 ERIN BISHOP DIRECTOR 1.00 X 0 0 0 SARA L GASPARRINI DIRECTOR 1.00 X 0 0 0 RYAN T COOK DIRECTOR 1.00 X 0 0 0 MICHELLE I COX DIRECTOR 1.00 X 0 0 0 GEORGE D JAMIESON DIRECTOR THRU 04/2024 1.00 X 0 0 0 JOSEPH D PACHECO DIRECTOR 1.00 X 0 0 0 LENNY HARRIS DIRECTOR 1.00 X 0 0 0 CHRISTINE SILVA DIRECTOR 1.00 X 0 0 0 TRICIA THERESE STONE DIRECTOR 1.00 X 0 0 0 EILEEN R DUFF DIRECTOR 1.00 X 0 0 0 DAVID BRODEUR DIRECTOR 1.00 X 0 0 0 KAMRYN A DUBOIS DIRECTOR 1.00 X 0 0 0 ANNE B MECZYWOR DIRECTOR 1.00 X 0 0 0 THERESA HATTON CEO/EXECUTIVE VP & DIR. 35.00 X 348929 0 42708 JUSTIN DAVIDSON GEN'L COUNSEL & DIR. GOV'T AFFAIRS 35.00 X 217526 0 18320 LESLIE MAYER DIR. MEMBER ENGAGEMENT & MARKETING 35.00 X 158663 0 30576 TINA DIXON CONTROLLER 35.00 X 152983 0 29151 KATHLEEN ROBINA BERARD ASSOCIATE COUNSEL & DIRECTOR 35.00 X 123475 0 38258 1004076 0 159013 5 0 1 0 0 253790 253790 MEMBERSHIP DUES 812900 4198728 4198728 EDUCATIONAL PROGRAMS 611710 77835 77835 CONFERENCE REVENUE 812900 44017 44017 4320580 737135 737135 300713 300713 850 0 850 850 850 5459888 3791671 5339197 4053157 120691 -261486 -140795 -140795 PARKING LOT 812930 921 921 921 5473194 4320580 921 897903 70595 391637 1380553 94062 161973 136550 18221 39350 132809 58084 113556 409402 46701 239073 200589 59103 269282 19802 25000 126166 OTHER EXPENSES 139066 TRAINING EXPENSE 99914 DUES & SUBSCRIPTIONS 82450 PARKING EXPENSES 9275 4323213 X 648227 667577 1129672 2929757 208386 281316 171526 87069 642070 463723 4174545 178347 11168994 13846979 2145 1994 26653 133299 17530148 18126338 438821 408664 1610460 1835868 1219790 0 493853 696851 3762924 2941383 X 9999817 10932967 3767407 4251988 13767224 15184955 17530148 18126338 1149981 267750 0 X 0 1 X 1 0 0 0 0 4198728 384163 384163 392864 -8701 168626 47505 121121 8159 2380 5779 465285 413838 51447 178347 NEW ENGLAND REALTORS COMMITTEE FUNDS 554708 LEASE LIABILITIES 142143 696851 1 MASS ASSOCIATION OF REALTORS INC CHARITABLE FOUNDATION 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 223148563 501(C)(3) 47000 0 CHARITABLE RRF-REALTOR RELIEF FOUNDATION 430 NORTH MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)(3) 23500 0 CHARITABLE 2 0 PART I, LINE 2: THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. CHARITABLE FOUNDATION HAS TRUSTEES THAT ARE ALSO ON THE BOARD OF THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. AS SUCH DURING VARIOUS MASSACHUSETTS ASSOCIATION OF REALTORS, INC. BOARD MEETINGS THROUGHOUT THE YEAR, A LISTING OF ORGANIZATIONS THAT THE CHARITABLE FOUNDATION HAS GIVEN TO IS PRODUCED AND REVIEWED BY THE BOARD. X X X 0 0 0 THERESA HATTON CEO/EXECUTIVE VP & DIR. 348929 0 0 0 0 0 23259 0 19449 0 391637 0 0 0 JUSTIN DAVIDSON GEN'L COUNSEL & DIR. GOV'T AFFAIRS 217526 0 0 0 0 0 17402 0 918 0 235846 0 0 0 LESLIE MAYER DIR. MEMBER ENGAGEMENT & MARKETING 158663 0 0 0 0 0 12693 0 17883 0 189239 0 0 0 TINA DIXON CONTROLLER 152983 0 0 0 0 0 12239 0 16912 0 182134 0 0 0 KATHLEEN ROBINA BERARD ASSOCIATE COUNSEL & DIRECTOR 123475 0 0 0 0 0 10127 0 28131 0 161733 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED OF OFFICERS, REGIONAL VICE PRESIDENTS, FOUR AT-LARGE DIRECTORS, THE MAR CEO/EVP, ONE LOCAL ASSOCIATION EXECUTIVE AND THE IMMEDIATE PAST PRESIDENT. THE EXECUTIVE COMMITTEE SHALL BE AUTHORIZED TO ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL BE AUTHORIZED TO TAKE ACTION ON THE FOLLOWING ITEMS: (A) THE CREATION OF TASK FORCES AND WORK GROUPS; (B) AMENDMENTS TO THE POLICY MANUAL, PUBLIC POLICY STATEMENT, AND OTHER POLICIES AND GUIDELINES; (C) EMPLOYMENT AND PRESCRIPTIONS OF THE FUNCTIONS OF THE CEO/EVP; (D) EACH FISCAL YEAR, UNBUDGETED EXPENDITURES IN THE AGGREGATE OF UP TO 3% OF THE APPROVED ANNUAL MAR BUDGET; EXCEPT THAT IF ANY PRIOR UNBUDGETED EXPENDITURE HAS BEEN RATIFIED BY THE BOARD OF DIRECTORS, IT SHALL NOT BE INCLUDED IN THIS ANNUAL LIMIT. ALL MINUTES OF THE EXECUTIVE COMMITTEE SHALL BE POSTED FOR THE BOARD OF DIRECTORS TO VIEW AND THE BOARD OF DIRECTORS SHALL BE NOTIFIED WHEN THE MINUTES ARE POSTED. THE EXECUTIVE COMMITTEE MAY NOT TAKE ACTION BUT MAY MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS RELATIVE TO THE FOLLOWING ITEMS: (A) MAR BYLAWS AMENDMENTS; (B) THE MAR ANNUAL BUDGET; (C) ANY ACTION INVOLVING THE PURCHASE AND/OR SALE OF A SUBSTANTIAL PORTION OF MAR'S ASSETS, AS WELL AS ANY INCREASE IN LONG-TERM DEBT; (D) MEMBER DUES AND/OR ASSESSMENTS; (E) ELECTION OF MAR OFFICERS, OR MAR OR NAR DIRECTORS; (F) DISCIPLINARY PROCEDURES; (G) LOCAL MEMBER ASSOCIATION JURISDICTIONS; (H) THE TERMINATION OF THE CEO/EVP; AND (I) DISSOLUTION OF THE MAR, NOR MAY THE EXECUTIVE COMMITTEE EXERCISE ANY POWER THAT MAY NOT BE DELEGATED BY THE BOARD OF DIRECTORS UNDER MASSACHUSETTS LAW. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 76 BOARD MEMBERS AND ONE OF THOSE BOARD MEMBERS IS NOT CONSIDERED INDEPENDENT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION CAN ELECT ANOTHER MEMBER TO THE GOVERNING BODY UPON APPROVAL OF OTHER MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON ANY POLICY CHANGES TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE REGULATORY FILINGS OF THE ORGANIZATION WILL BE REVIEWED BY THE CONTROLLER, THE EXECUTIVE VICE PRESIDENT/CHIEF EXECUTIVE OFFICER AND THE AUDIT COMMITTEE, AND WILL BE RECEIVED BY THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS WITH A CONFLICT OF INTEREST MUST IMMEDIATELY DISCLOSE THEIR CONFLICT AT THE OUTSET OF ANY DISCUSSIONS BY A DECISION MAKING BODY PERTAINING TO THE BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES. SUCH MEMBERS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THE CONFLICT OTHER THAN TO RESPOND TO QUESTIONS ASKED OF THEM BY OTHER MEMBERS OF THE BODY. FURTHERMORE, NO MEMBER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST, INCLUDING VOTES TO BLOCK OR ALTER THE ACTIONS OF THE BODY IN ORDER TO BENEFIT THE BUSINESS IN WHICH THEY HAVE AN INTEREST. THE CEO/EXECUTIVE VP OVERSEES THE CONFLICT OF INTEREST PROCESS. FORM 990, PART VI, SECTION B, LINE 15A THE ASSOCIATION'S INDEPENDENT EVP COMMITTEE DETERMINES COMPENSATION FOR THE EVP. THE COMMITTEE REVIEWS CURRENT MARKET CONDITIONS, COMPARABLE DATA AND COMPENSATION OF OTHERS IN THE INDUSTRY WHICH ARE TAKEN INTO CONSIDERATION AND DOCUMENTED IN THE MINUTES TO THE MEETING. THIS COMMITTEE DETERMINED THE COMPENSATION FOR THERESA HATTON, EXECUTIVE VICE PRESIDENT IN 2021 THROUGH A THREE YEAR CONTRACT. THE LAST REVIEW WAS COMPLETED IN 2024. THE AGREEMENT AUTO RENEWS EACH YEAR. COMPENSATION FOR OTHER EMPLOYEES IS SET BY THE EXECUTIVE VICE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE. MASS ASSOCIATION OF REALTORS INC CHARITABLE FOUNDATION 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 223148563 GRANT-MAKING MA 501(C)(3) LINE 7 MASS ASSOCIATION OF REALTORS INC 1 MASS ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 200391829 TO SUPPORT/OPPOSE REFERENDA AND FURTHER INDIVIDUAL CANDIDACY MA 527 0 MA REALTOR INDEPENDENT EXPENDITURE POLITICAL ACTION COMMITTEE 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 471529646 TO SUPPORT/OPPOSE REFERENDA MA 527 0 MASSACHUSETTS REAL ESTATE COMMUNITY ALLIANCE INC 124 WASHINGTON STREET SUITE 302 FOXBOROUGH MA 02035 882858702 TO SUPPORT AND PROTECT PROPERTY OWNERS AND THE COMMUNITIES THEY HELP BUILD MA 501(C)(4) 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 PART V, LINE 1L: DUE TO THE CLOSE RELATIONSHIP BETWEEN THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. (MAR) AND THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. CHARITABLE FOUNDATION, MAR EMPLOYEES PERFORM SERVICES FOR THE CHARITABLE FOUNDATION. PART V, LINE 1N: THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. CHARITABLE FOUNDATION DOES NOT HAVE ITS OWN SEPARATE EMPLOYEES, FACILITIES, ETC. THE ADMINISTRATION OF THE CHARITABLE FOUNDATION IS HANDLED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. STAFF, THEREFORE, INHERENTLY SHARING FACILITIES, EQUIPMENT, MAILING LISTS AND OTHER ASSETS WITH THIS RELATED ORGANIZATION. PART V, LINE 1Q: DUE TO THE CLOSE RELATIONSHIP BETWEEN THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. (MAR) AND THE MASSACHUSETTS ASSOCIATION OF REALTORS CHARITABLE FOUNDATION, ON OCCASION PURCHASES WILL BE MADE FOR THE CHARITABLE FOUNDATION BY MAR. THESE EXPENSES ARE THEN REIMBURSED ON A TIMELY BASIS. PART V, LINE 1R & LINE 1S: DUE TO THE CLOSE RELATIONSHIP OF THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. (MAR) AND THE MASSACHUSETTS ASSOCIATION OF REALTORS, INC. CHARITABLE FOUNDATION, OCCASIONALLY, A DONOR WILL MAKE A CONTRIBUTION TO THE CHARITABLE FOUNDATION THROUGH THE CREDIT CARD SYSTEM OF MAR. THESE CONTRIBUTIONS ARE THEN TRANSFERRED ON A TIMELY BASIS TO THE FOUNDATION.