2024-04-23T18:48:14-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 041591030 MASSACHUSETTS ASSOCIATION OF REALTORS INC MASS 7818903700 18 WASHINGTON STREET FOXBOROUGH MA 02035 THERESA HATTON CEO/EXECUTIVE VP 7818903700 2024-04-22 1 THERESA HATTON 999009999 0 DANIELLE NIHILL P01350943 7819821001 2024-04-22 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z THERESA HATTON 18 WASHINGTON STREET FOXBOROUGH MA 02035 11157196 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 76 16 233 55175 24013 0 12500 4598525 4762052 100369 630418 305102 348252 5003996 5753222 97492 40345 0 0 1975303 2176830 0 0 0 2419065 2566151 4491860 4783326 512136 969896 16224239 17530148 3925330 3762924 12298909 13767224 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 27,444 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 1 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 28 0 1 16 1 1 1 0 0 0 0 0 0 0 X 76 76 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X THERESA HATTON 7818903700 18 WASHINGTON STREET FOXBOROUGH MA 02035 THERESA HATTON CEO/EXECUTIVE VP & DIR. 35.00 X 322550 0 44540 JUSTIN DAVIDSON GEN'L COUNSEL & DIR. GOV'T AFFAIRS 35.00 X 195728 0 16541 LESLIE MAYER DIR. MEMBER ENGAGEMENT & MARKETING 35.00 X 152617 0 23645 TINA DIXON CONTROLLER 35.00 X 122465 0 20343 JONATHAN SCHREIBER LEGISLATIVE & REGULATORY COUNSEL 35.00 X 122452 0 16585 KIMBERLY ALLARD DIRECTOR 1.00 X 0 0 0 DOUG AZARIAN DIRECTOR 1.00 X 0 0 0 STEPHANIE BAYLISS DIRECTOR 1.00 X 0 0 0 CHERIE BENOIT DIRECTOR 1.00 X 0 0 0 ANNIE BLATZ DIRECTOR 1.00 X 0 0 0 DAVID BRODEUR DIRECTOR 1.00 X 0 0 0 KELLY CATALLO DIRECTOR 1.00 X 0 0 0 LORI CHASE DIRECTOR 1.00 X 0 0 0 EMILY CLARK DIRECTOR 1.00 X 0 0 0 LAURA CLEMENTS DIRECTOR 1.00 X 0 0 0 RITA COFFEY DIRECTOR 1.00 X 0 0 0 DINO CONFALONE DIRECTOR 1.00 X 0 0 0 RYAN COOK DIRECTOR 1.00 X 0 0 0 MICHELLE COX DIRECTOR 1.00 X 0 0 0 DONNA DAVIDS DIRECTOR 1.00 X 0 0 0 SHERYLE DEGIROLAMO DIRECTOR 1.00 X 0 0 0 EILEEN DUFF DIRECTOR 1.00 X 0 0 0 CORTNEY DUPONT DIRECTOR 1.00 X 0 0 0 CHARITY EDWARDS DIRECTOR 1.00 X 0 0 0 TRACEY FIORELLI DIRECTOR 1.00 X 0 0 0 JASON GELL DIRECTOR 1.00 X 0 0 0 ANNETTE GIVEN DIRECTOR 1.00 X 0 0 0 SARAH GUSTAFSON DIRECTOR 1.00 X 0 0 0 ROBERT HARRINGTON DIRECTOR 1.00 X 0 0 0 LENNY HARRIS DIRECTOR 1.00 X 0 0 0 ROBERT IMPERATO DIRECTOR 1.00 X 0 0 0 GEORGE JAMIESON DIRECTOR 1.00 X 0 0 0 EILEEN JONAH-DALY DIRECTOR 1.00 X 0 0 0 LEE JOSEPH DIRECTOR 1.00 X 0 0 0 JENNIFER JULE DIRECTOR 1.00 X 0 0 0 MARK KAVANAGH DIRECTOR 1.00 X 0 0 0 KRISTEN KEEGAN DIRECTOR 1.00 X 0 0 0 GREG KIELY DIRECTOR 1.00 X 0 0 0 BYRON LANE DIRECTOR 1.00 X 0 0 0 TYSON LYNCH DIRECTOR 1.00 X 0 0 0 PATRICK MAGUIRE DIRECTOR 1.00 X 0 0 0 MEL MARTOCCHIA DIRECTOR 1.00 X 0 0 0 LOUIS MAYO DIRECTOR 1.00 X 0 0 0 TRISHA MCCARTHY DIRECTOR 1.00 X 0 0 0 KATHY MCSWEENEY DIRECTOR 1.00 X 0 0 0 ANNE MECZWYOR DIRECTOR 1.00 X 0 0 0 STEPHEN MEDEIROS DIRECTOR 1.00 X 0 0 0 SHAHAN MISSAGHIAN DIRECTOR 1.00 X 0 0 0 JUDY MOORE DIRECTOR 1.00 X 0 0 0 TODD MOVSESSIAN DIRECTOR 1.00 X 0 0 0 COLLEEN MURPHY DIRECTOR 1.00 X 0 0 0 JASON NOCHER DIRECTOR 1.00 X 0 0 0 DAVID NOYES DIRECTOR 1.00 X 0 0 0 GLORISELL ORTEGA DIRECTOR 1.00 X 0 0 0 JOE PACHECO DIRECTOR 1.00 X 0 0 0 JAN PELLEGRINI DIRECTOR 1.00 X 0 0 0 NICHOLAS PELLETIER DIRECTOR 1.00 X 0 0 0 JUSTIN RAY DIRECTOR 1.00 X 0 0 0 GARY ROGERS DIRECTOR 1.00 X 0 0 0 JEAN RUBIN DIRECTOR 1.00 X 0 0 0 DAWN RUFFINI DIRECTOR 1.00 X 0 0 0 RUSSELL SABADOSA DIRECTOR 1.00 X 0 0 0 JOE SCHUTT DIRECTOR 1.00 X 0 0 0 PETER SCHWARTZ DIRECTOR 1.00 X 0 0 0 ALISON SOCHA DIRECTOR 1.00 X 0 0 0 MARCIA SOLBERG DIRECTOR 1.00 X 0 0 0 ROBERT SULLIVAN DIRECTOR 1.00 X 0 0 0 KURT THOMPSON DIRECTOR 1.00 X 0 0 0 MAGGIE TOMKIEWICZ DIRECTOR 1.00 X 0 0 0 MELVIN VIEIRA JR DIRECTOR 1.00 X 0 0 0 VINCENT WALSH DIRECTOR 1.00 X 0 0 0 RICHARD WAYSTACK DIRECTOR 1.00 X 0 0 0 JARED WILK DIRECTOR 1.00 X 0 0 0 KAMRYN WILLIS-DUBOIS DIRECTOR 1.00 X 0 0 0 DAVID WLUKA DIRECTOR 1.00 X 0 0 0 PAUL YORKIS DIRECTOR 1.00 X 0 0 0 CLINTON STONE DIRECTOR A/O 09/2023 1.00 X 0 0 0 SARA GASPARRINI DIRECTOR A/O 02/2023 1.00 X 0 0 0 PETER DAVIES DIRECTOR THRU 09/2023 1.00 X 0 0 0 ARLENE CASTELLANO DIRECTOR THRU 09/2023 1.00 X 0 0 0 DAVID MCCARTHY PRESIDENT 1.00 X X 0 0 0 AMY WALLICK PRESIDENT ELECT 1.00 X X 0 0 0 JAMES MAJOR TREASURER 1.00 X X 0 0 0 915812 0 121654 5 0 1 0 0 12500 12500 MEMBERSHIP DUES 812900 4537449 4537449 CONFERENCE REVENUE 812900 160273 160273 EDUCATIONAL PROGRAMS 611710 64330 64330 4762052 324953 324953 293006 293006 375 271 104 104 33 71 5709168 5403703 305465 305465 305465 PARKING LOT 812930 55142 55142 55142 5753222 4762052 55175 923495 40345 367090 1421719 79030 177206 131785 30842 39250 117567 44287 170755 460516 47555 251610 154975 75283 411853 41237 85000 254273 TAXES 6885 TRAINING EXPENSE 112689 MISCELLANEOUS 104627 DUES & SUBSCRIPTIONS 80270 76677 4783326 1649018 648227 134724 1129672 173091 208386 161205 171526 4788308 613763 4374249 4174545 9680842 11168994 2227 2145 48883 26653 16224239 17530148 509799 438821 1764153 1610460 1311921 1219790 339457 493853 3925330 3762924 X 8740350 9999817 3558559 3767407 12298909 13767224 16224239 17530148 969896 498419 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4537449 388873 388873 439104 -50231 846715 846715 3513233 270676 3242557 428360 343087 85273 4174545 NEW ENGLAND REALTORS COMMITTEE FUNDS 466758 LEASE LIABILITIES 27095 493853 1 MASS ASSOCIATION OF REALTORS INC CHARITABLE FOUNDATION 18 WASHINGTON STREET FOXBOROUGH MA 02035 223148563 501(C)(3) 40000 0 CHARITABLE 1 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. 322550 0 0 0 0 0 25804 0 18736 0 367090 0 0 0 JUSTIN DAVIDSON GEN'L COUNSEL & DIR. GOV'T AFFAIRS 195728 0 0 0 0 0 15658 0 883 0 212269 0 0 0 LESLIE MAYER DIR. MEMBER ENGAGEMENT & MARKETING 152617 0 0 0 0 0 12209 0 11436 0 176262 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS MADE CHANGES TO THE BYLAWS REGARDING THE CONFLICT OF INTEREST POLICY. THE LANGUAGE IN THE CONFLICT OF INTEREST POLICY WAS UPDATED TO ADD THE DEFINITION OF A MATERIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 76 BOARD MEMBERS. ALL OF THE MEMBERS ARE 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. COMPENSATION FOR OTHER OFFICERS 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 18 WASHINGTON STREET 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 18 WASHINGTON STREET FOXBOROUGH MA 02035 200391829 TO SUPPORT/OPPOSE REFERENDA AND FURTHER INDIVIDUAL CANDIDACY MA 527 0 MA REALTOR INDEPENDENT EXPENDITURE POLITICAL ACTION COMMITTEE 18 WASHINGTON STREET FOXBOROUGH MA 02035 471529646 TO SUPPORT/OPPOSE REFERENDA MA 527 0 MASSACHUSETTS REAL ESTATE COMMUNITY ALLIANCE INC 18 WASHINGTON STREET 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.