2025-10-31T16:49:31-05:00 2024-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-01-01 390782674 WISCONSIN REALTORS ASSOCIATION INC WISC 6082412047 4801 FOREST RUN ROAD 201 MADISON WI 53704 THOMAS LARSON PRESIDENT AND CEO 6082412047 2025-10-23 1 1 JENNY TARKOWSKI CPA P00634290 6082744020 2025-10-23 2024 2025-03-06 01:10:19Z THOMAS LARSON 4801 FOREST RUN ROAD 201 MADISON WI 53704 14497623 0 2566 X WRA.ORG X 1925 WI 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 (NAR) 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. 24 24 39 103 20665 0 214766 89750 6110534 8896306 210788 391635 149053 232671 6685141 9610362 0 0 0 0 4171451 4093487 0 0 0 3433034 3380904 7604485 7474391 -919344 2135971 21870619 25039878 6235520 6341356 15635099 18698522 X TO UNITE LOCAL BOARDS OF REALTORS AND INDIVIDUALS IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SERVING ITS MEMBERS BY FURNISHING PROGRAMS AND SERVICES THAT PROMOTE AN ENVIRONMENT IN WHICH ITS MEMBERS MAY SUCCESSFULLY CONDUCT THEIR INDIVIDUAL BUSINESS 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. 0 0 LEGAL/ADVOCACY: PROVIDES 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: PROVIDES INFORMATION, EDUCATION AND TRAINING RELATED TO REAL ESTATE LICENSE LAW, DESIGNATIONS, CONVENTIONS, LEGAL UPDATES, FORMS, AND MEMBER SERVICES. COMMUNICATIONS: PROVIDES TECHNICAL AND CREATIVE SUPPORT FOR WISCONSIN REALTORS ASSOCIATION, INC.'S COMMUNICATION AND PROMOTION OBJECTIVES TO MEMBERS AND NONMEMBERS. PRIVATE PROPERTY ACTION FUND: PROVIDES ACADEMIC RESEARCH, POLLING, DATA ANALYTICS, PUBLIC OUTREACH, AND OTHER PUBLIC AFFAIRS PROGRAMMING TO ASSIST IN LEGISLATIVE AND REGULATORY ADVOCACY EFFORTS ON ISSUES IMPORTANT TO PROPERTY OWNERS, REALTORS, AND THE REAL ESTATE INDUSTRY. LEGAL ACTION FUND: PROVIDES LEGAL ADVOCACY SERVICES ON CASES INVOLVING LEGAL ISSUES IMPORTANT TO PROPERTY OWNERS, REALTORS, AND THE REAL ESTATE INDUSTRY. RESEARCH AND DEVELOPMENT FUND: PROVIDES RESEARCH AND DEVELOPS AND ENHANCES DELIVERY, MARKETING, AND DEVELOPMENT OF PRODUCTS AND SERVICES OFFERED TO REALTORS. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 41 0 39 1 1 1 0 0 0 1 1 0 0 0 X 24 24 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X WISCONSIN REALTORS ASSOCIATION INC 6082412047 4801 FOREST RUN RD STE 201 MADISON WI 53704 MARY JO BOWE CHAIR OF THE BOARD 3.11 0.17 X X 1502 0 0 SHAWNA ALT VICE PRESIDENT 1.18 0.09 X X 0 0 0 STEVEN LILLESTRAND VICE PRESIDENT 1.18 X X 0 0 0 CHRISTOPHER DEVINCENTIS CHAIR OF THE BOARD-ELECT 3.11 0.05 X X 0 0 0 AMY CURLER TREASURER 3.11 0.12 X X 0 0 0 JOSEPH HORNING IMMEDIATE PAST CHAIR 1.18 X 0 0 0 DEBORAH CAPPELLO STATEWIDE COMPANY DIRECTOR 0.52 X 0 0 0 JOHN HORNING STATEWIDE COMPANY DIRECTOR 0.52 0.03 X 0 0 0 MICHAEL ZAHRT STATEWIDE COMPANY DIRECTOR 0.52 0.03 X 0 0 0 ROB RYBARCZYK REGIONAL COMPANY DIRECTOR 0.52 X 0 0 0 DAVID STARK REGIONAL COMPANY DIRECTOR 0.52 X 0 0 0 SARAH COLE REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 KENT GABRIELSEN REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 KC MAURER REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 STACEY MCKINNEY REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 MICHAEL SEWELL REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 BRIAN SLINKMAN REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 KELAMAR SVOBODA REGIONAL REPRESENTATIVE DIRECTOR 0.52 X 0 0 0 MARY DUFF WRA PAST CHAIR OF THE BOARD 0.52 X 0 0 0 BRADLEY LOIS WRA PAST CHAIR OF THE BOARD 0.52 0.09 X 0 0 0 CHRISTOPHER CARRILLO AT-LARGE DIRECTOR 0.52 X 0 0 0 SR MILLS AT-LARGE DIRECTOR 0.52 0.03 X 0 0 0 BAILEY HAWKE-JAMES REGIONAL COMPANY DIRECTOR 0.37 X 0 0 0 MEGAN JACQUET REGIONAL COMPANY DIRECTOR 0.37 X 0 0 0 KATHRYN VOLLER REINKING REGIONAL COMPANY DIRECTOR (THRU 3/24) 0.17 X 0 0 0 THOMAS SYKORA REGIONAL COMPANY DIRECTOR (THRU 3/24) 0.17 X 0 0 0 RYAN FULCER REGIONAL COMPANY DIRECTOR (THRU 6/24) 0.17 X 0 0 0 MICHELLE GILLE REGIONAL REPRESENTATIVE DIRECTOR (THRU 9/24) 0.37 X 0 0 0 THOMAS LARSON PRESIDENT AND CEO 37.50 0.05 X 450233 0 37392 STEPHANIE LARSON CHIEF FINANCIAL OFFICER 37.50 X 235614 0 27555 CORI LAMONT VP LEGAL AND PUBLIC AFFAIRS 37.50 X 269294 0 24259 KRISTI MIKALSEN VP PROFESSIONAL DEVELOPMENT 37.50 X 138555 0 8360 ANDREW MCKENZIE DATABASE DEVELOPER 37.50 X 133483 0 8054 JANINE SMITH DIR FOR STATEWIDE PROF STANDARDS 37.50 X 132119 0 8084 ERIC SOLARI SOFTWARE DEVELOPER 37.50 X 125535 0 10264 1486335 0 123968 15 0 1 0 COMPUTER SYSTEMS INNOVATIONS INC PO BOX 7141 CAROL STREAM IL 60197 TECHNOLOGY SERVICES 175952 GODFREY & KAHN SC 833 EAST MICHIGAN ST STE 1800 MILWAUKEE WI 53202 LEGAL SERVICES 133078 2 11250 78500 89750 MEMBER DUES 813910 5013906 5013906 PROFESSIONAL DEVELOPMENT 611430 3862215 3861735 480 COMMUNICATIONS 541800 20185 20185 8896306 174917 174917 52923 0 52923 52923 52923 5103649 330 4887261 0 216388 330 216718 216718 179748 179748 179748 9610362 8875641 20665 624306 750794 2658362 229975 216379 237977 235091 18832 173121 41055 449288 202376 343172 251731 246051 206365 292158 137789 35565 FEES 531559 PROCEED DISTRIBUTIONS 75995 COST OF SALES 65075 DUES AND SUBSCRIPTIONS 29866 45815 7474391 494903 406663 10116861 11903789 214766 214766 157464 155223 26672 23820 234648 246986 3811409 2297162 1392056 1514247 8205805 9379902 7301 0 1020143 1194482 21870619 25039878 574797 559922 4135006 4183894 1525717 1597540 6235520 6341356 X 15635099 18623522 0 75000 15635099 18698522 21870619 25039878 2135971 927452 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1581 0 1581 1581 1 0 0 0 5013906 920203 920203 1303616 -383413 PART I-A, LINE 1 ASSOCIATION SPONSORS AND ADMINISTERS A CONNECTED PAC, CONDUCTS CANDIDATE INTERVIEWS, MAKES CANDIDATE ENDORSEMENTS AND COMMUNICATES WITH ITS MEMBERS AND MAGAZINE SUBSCRIBERS ON THOSE ENDORSEMENTS. 301517 301517 1631600 991952 639648 151851 128657 23194 1083898 1004967 78931 642543 171586 470957 1514247 OPERATING LEASE LIABILITIES 66542 DEFERRED COMPENSATION OBLIGATION 1097522 DUE TO WISCONSIN REALTORS ADVOCACY FUND 144139 DUE TO WISCONSIN HOMEOWNERS ALLIANCE, INC. 289337 1597540 X X X 0 1 X X 0 0 0 THOMAS LARSON PRESIDENT AND CEO 378578 0 40271 0 31384 0 30871 0 6521 0 487625 0 0 0 CORI LAMONT VP LEGAL AND PUBLIC AFFAIRS 222966 0 20217 0 26111 0 22226 0 2033 0 293553 0 0 0 STEPHANIE LARSON CHIEF FINANCIAL OFFICER 194804 0 17500 0 23310 0 19036 0 8519 0 263169 0 0 0 PART I, LINE 1A 1. TRAVEL FOR COMPANIONS WAS RECEIVED BY THE PRESIDENT AND CEO. IT IS TREATED AS TAXABLE COMPENSATION. 2. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: SOCIAL CLUB DUES RECEIVED BY THE PRESIDENT AND CEO AND THE VP OF LEGAL AND PUBLIC AFFAIRS. THE PERSONAL USE PORTION OF THE SOCIAL CLUB BENEFIT IS TREATED AS TAXABLE COMPENSATION. THE PRESIDENT AND CEO RECEIVED HEALTH CLUB DUES WHICH IS TREATED AS TAXABLE COMPENSATION. 3. THE PRESIDENT AND CEO, VP OF LEGAL AND PUBLIC AFFAIRS AND ONE OF THE HIGHEST COMPENSATED EMPLOYEES RECEIVED GROSS-UP PAYMENTS. A TENURE BONUS IS GIVEN FOR 5 YEARS, 10 YEARS, 15 YEARS, ETC. THIS AMOUNTS TO $10/YEAR WHICH IS GROSSED UP BY THE ORGANIZATION AND TAXABLE TO THE EMPLOYEE. PART I, LINE 1B AUTHORIZATION IS ANNUALLY APPROVED AS PART OF THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH HORNING AND JOHN HORNING HAVE A FAMILY AND BUSINESS RELATIONSHIP. SHAWNA ALT, AMY CURLER AND MICHAEL ZAHRT HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING 2024 THE ORGANIZATION AMENDED THEIR BYLAWS FOR THE FOLLOWING SIGNIFICANT CHANGES: STATEWIDE AND REGIONAL COMPANIES INDICATE THE NAME OF THE DIRECTOR SERVING ON THE COMPANY'S BEHALF. PERMIT THE WRA CHAIR TO REMOVE CHAIR OF THE COMMITTEE AND MEMBERS FOR EGREGIOUS BEHAVIOR OR REPEATED ABSENCES. THIS LANGUAGE IS INCLUDED IN THE FOLLOWING COMMITTEES: REALTORS POLITICAL ACTION COMMITTEE (RPAC), LEGAL ACTION, STRATEGIC ADVOCACY GROUP, REAL ESTATE FORMS, AS WELL AS DIVERSITY EQUITY AND INCLUSION. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBERS FROM WI WITH THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. THE MEMBERS OF THE ASSOCIATION CONSIST OF SIX CLASSES: (1) MEMBER BOARDS, (2) BOARD MEMBERS, (3) INDIVIDUAL MEMBERS, (4) INSTITUTE AFFILIATE MEMBERS, (5) AFFILIATE MEMBERS, (6) HONORARY MEMBERS. BOARD MEMBERS AND INDIVIDUAL MEMBERS SHALL BE ACTIVE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE STATEWIDE COMPANY DIRECTORS AND THE REGIONAL COMPANY DIRECTORS ARE CHOSEN BY THE COMPANY AS DEFINED IN THE ORGANIZATION'S BY-LAWS. THE REGIONAL REPRESENTATIVE DIRECTORS ARE CHOSEN BY THE NOMINATING COMMITTEE. THE NOMINATING COMMITTEE ALSO CONFIRMS THAT AN INDIVIDUAL IS ACTIVELY SEEKING OR HOLDING A NAR LEADERSHIP TEAM POSITION OR A NAR REGIONAL VICE PRESIDENT POSITION. THE REGIONAL REPRESENTATIVE, NAR LEADERSHIP TEAM POSITION AND NAR REGIONAL VICE PRESIDENT POSITION ARE APPROVED/ELECTED BY THE BOARD OF DIRECTORS. THE PAST CHAIRMAN OF THE BOARD (OR PAST PRESIDENT DIRECTOR) (2) ARE SELECTED BY THE PAST CHAIRMAN COUNCIL. THE AT-LARGE DIRECTORS ARE CHOSEN BY THE CHAIRMAN. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THESE BYLAWS AFFECTING THE ADMISSION OR QUALIFICATION OF ACTIVE MEMBERS AND INSTITUTE AFFILIATE MEMBERS, THE USE OF THE TERMS REALTOR OR REALTORS OR ANY ALTERATION IN THE TERRITORIAL JURISDICTION OF THE MEMBER BOARD SHALL BECOME EFFECTIVE UPON THE APPROVAL OF THE BOARD OF DIRECTORS OF THE NATIONAL ASSOCIATION OF REALTORS. WHEN BYLAWS AMENDMENTS ARE MANDATED BY NATIONAL ASSOCIATION OF REALTORS POLICY, THESE BYLAWS MAY BE AUTOMATICALLY AMENDED TO REFLECT THE MANDATE AS OF THE EFFECTIVE DATE OF THE MANDATORY POLICY AUTHORIZED BY NATIONAL ASSOCIATION OF REALTORS. THE WRA SHALL PROVIDE NOTICE OF THAT CHANGE IN A REGULAR OR SPECIAL MEMBERSHIP COMMUNICATION. FORM 990, PART VI, SECTION B, LINE 11B THE OFFICERS, EXECUTIVE COMMITTEE, AND BOARD OF DIRECTORS REVIEW THE AUDITED FINANCIAL STATEMENTS. MANAGEMENT, INCLUDING THE PRESIDENT AND CEO, REVIEW THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT EMAILS THE 990 TO THE BOARD OF DIRECTORS AND THEY ARE GIVEN 5 DAYS TO REVIEW THE FORM BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL THE MEMBERS OF CERTAIN COMMITTEES AND THE BOARD, INCLUDING OFFICERS, ARE REQUIRED TO SIGN A FORM TO DISCLOSE ALL CONFLICTS OF INTEREST. THE SIGNED FORMS ARE KEPT AT THE ASSOCIATION'S OFFICE. IN ADDITION, AT THE BEGINNING OF EACH MEETING THE CHAIRMAN ASKS THE MEMBERS IF THEY HAVE ANY CONFLICTS WITH ITEMS ON THE PROPOSED AGENDA. FORM 990, PART VI, SECTION B, LINE 15 RESULTS OF THE LOCAL AREA TRADE ASSOCIATION SALARY SURVEY ARE USED (THE SURVEY IS CONDUCTED PERIODICALLY). PERIODICALLY, ADDITIONAL SALARY INFORMATION SOURCES ARE ALSO CONSULTED SUCH AS THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE), THE WISCONSIN SOCIETY OF ASSOCIATION EXECUTIVES (WSAE) AND THE NATIONAL ASSOCIATION OF REALTORS (NAR). OFFICERS REVIEW AND APPROVE ALL STAFF SALARIES (AS AN AGGREGATE AND NOT INDIVIDUALLY) AS PART OF THE BUDGET PROCESS NOT IN SEPARATE ACTION/REVIEW. THE PRESIDENT AND CEO'S SALARY, PERFORMANCE AND CONTRACT ARE REVIEWED SEPARATELY BY THE OFFICERS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. WISCONSIN REALTORS FOUNDATION INC 4801 FOREST RUN RD STE 201 MADISON WI 53704 510195146 SEE PART VII WI 501(C)(3) LINE 7 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN HOMEOWNERS ALLIANCE INC 4801 FOREST RUN RD STE 201 MADISON WI 53704 202931469 TO ADVANCE & PROMOTE ISSUES OF CONCERN TO WISCONSIN PROPERTY OWNERS WI 501(C)(4) WISCONSIN REALTORS ASSOCIATION INC 1 REALTORS POLITICAL ACTION COMMITTEE-WISCONSIN 4801 FOREST RUN RD STE 201 MADISON WI 53704 237082147 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN REALTORS POLITICAL FUND 4801 FOREST RUN RD STE 201 MADISON WI 53704 460769544 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 WISCONSIN REALTORS ADVOCACY FUND 4801 FOREST RUN RD STE 201 MADISON WI 53704 821674073 POLITICAL WI 527 WISCONSIN REALTORS ASSOCIATION INC 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 WISCONSIN HOMEOWNERS ALLIANCE INC P 289337 BOOK VALUE WISCONSIN REALTORS ADVOCACY FUND P 144139 BOOK VALUE SCH R, PART II, (B) TO PROMOTE GREATER TECHNICAL COMPETENCY & HIGHER PROFESSIONAL STANDARDS IN REAL ESTATE