2024-11-06T13:11:23-06:00 2023-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2023-01-01 480614685 KANSAS CITY REGIONAL ASSOCIATION OF REALTORS KANS 9136611600 11150 OVERBROOK ROAD 100 LEAWOOD KS 66211 MIKE SHELL VP OF FINANCE 9136611600 2024-11-01 1 1 LISA BURKE P00220718 8169455500 2024-11-01 2023 2024-10-15 13:58:12Z MIKE SHELL 11150 OVERBROOK ROAD 100 LEAWOOD KS 66211 4856750 0 X WWW.KCRAR.COM X 2001 KS TO PROVIDE INNOVATIVE RESOURCES, TOOLS, AND EDUCATION TO REALTOR MEMBERS 19 18 29 375 240858 0 2112802 58177 1303767 3774853 -8346 368832 172701 153071 3580924 4354933 28000 17596 0 0 1888164 1936402 0 0 0 2243545 2389718 4159709 4343716 -578785 11217 30303865 32107331 9127670 8921101 21176195 23186230 TO SERVE AS THE REGIONAL VOICE OF REAL ESTATE AND PRIVATE PROPERTY RIGHTS WHILE PROVIDING INNOVATIVE RESOURCES, TOOLS, AND EDUCATION FOCUSED ON MEMBER SUCCESS AND PROFESSIONALISM. 0 0 KCRAR PROVIDES A WIDE ARRAY OF INNOVATIVE RESOURCES, TOOLS, CONTINUING EDUCATION, AND NETWORKING OPPORTUNITIES THAT SET ITS MEMBERS UP FOR THE HIGHEST LEVEL OF SUCCESS. 0 0 1 1 1 0 0 0 0 1 0 1 1 1 1 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 49 0 1 29 1 1 1 0 0 0 1 1 0 0 0 X 19 18 0 0 0 0 1 1 1 1 1 0 1 0 1 1 1 1 1 1 1 0 0 KS MO X MIKE SHELL VP OF FINANCE 9132665927 11150 OVERBROOK ROAD SUITE 100 LEAWOOD KS 66211 KIPP COOPER CEO 18.75 18.75 X X 217330 216380 70102 SYDNEY WEST PRESIDENT 7.00 1.00 X X 0 0 0 CINDY CUNNINGHAM PRESIDENT ELECT 1.75 0.00 X X 0 0 0 ANDREW MALL TREASURER 1.75 0.00 X X 0 0 0 MICHAEL PIERCE IMMEDIATE PAST PRESIDENT 1.00 0.00 X 0 0 0 SHELBY AUSTIN DIRECTOR 1.00 0.00 X 0 0 0 DANIEL BROCATO DIRECTOR 1.00 0.00 X 0 0 0 DINA BURKS DIRECTOR 1.00 0.00 X 0 0 0 DON BURNS DIRECTOR 1.00 0.00 X 0 0 0 KATHRYN CLARK DIRECTOR 1.00 0.00 X 0 0 0 CHRIS COLLINS DIRECTOR 1.00 0.00 X 0 0 0 DANIEL HARTMAN DIRECTOR 1.00 0.00 X 0 0 0 DAVID NICHOLS DIRECTOR 1.00 0.00 X 0 0 0 KYLE NIEMANN DIRECTOR 1.00 7.00 X 0 0 0 DAN O'NEILL DIRECTOR 1.00 7.00 X 0 0 0 ANDI PAWLOWSKI DIRECTOR 1.00 0.00 X 0 0 0 ANNE PREMIS DIRECTOR 1.00 0.00 X 0 0 0 CRYSTAL SWEARINGEN DIRECTOR 1.00 0.00 X 0 0 0 HARLEY TODD DIRECTOR 1.00 0.00 X 0 0 0 JAMES MIKE SHELL VP OF FINANCE 15.00 22.50 X 0 174793 33326 JULIE STEWART CHIEF OPERATIONS OFFICER 18.75 18.75 X 171649 0 33864 ROBERT WAGONER MLS DIRECTOR 3.75 33.75 X 0 183934 30074 KYLA BARCUS DIRECTOR OF COMMUNICATIONS & OUTREACH 18.75 18.75 X 106793 0 37786 DEREK RAMSAY SR VICE PRESIDENT 37.50 0.00 X 120493 0 19783 MICHAEL HANSEN RAMCO CREM ADMIN - ANALYST 11.25 26.25 X 0 107987 19373 CHRISTOPHER KLAMM DIRECTOR OF IT 26.25 11.25 X 0 107220 18171 616265 790314 262479 4 0 1 0 0 58177 58177 MEMBERSHIP DUES 813910 1786619 1786619 LOCKBOX REVENUE 561000 1424454 1424454 APPLICATION & TRANSFER FEES 813910 260425 260425 EDUCATIONAL SERVICES 813910 155230 155230 TRADE EVENTS 813910 148125 148125 3774853 498906 162000 336906 66464 66464 0 269199 388560 10713 -119361 -10713 -130074 -130074 64938 36080 28858 28858 LATE & NSF FEES 813910 63575 63575 SERVICE FEE INCOME 541519 50000 50000 10638 10638 124213 4354933 3849066 240858 206832 17596 461918 1083582 75260 203375 112267 16826 30561 24525 47257 168269 106804 190815 160641 265354 156985 8418 324000 306242 13103 EVENT PROGRAM COSTS 288141 EDUCATIONAL PROGRAMS 206433 LEADERSHIP EXPENSES 46632 INCOME TAX 102 28610 4343716 1574 3878 1716880 1726073 392288 413733 16835 13868 133910 108446 2948800 2434679 823259 514121 9307497 10561557 13853013 14786614 4058609 3979041 30303865 32107331 675234 653663 1541962 1508190 5000000 5000000 1910474 1759248 9127670 8921101 X 21176195 23186230 21176195 23186230 30303865 32107331 X 11217 1065217 933601 X X 0 1 X 1 0 5090 150 0 5090 5090 1 MISSOURI REALTORS PAC PO BOX 1327 COLUMBIA MO 65205 430727889 3500 82904 KANSAS REALTORS PAC 3644 SW BURLINGAME TOPEKA KS 66611 480512680 1590 67390 0 0 0 1786619 125687 -125687 PART I-A, LINE 1: THE ORGANIZATION EXPENDS FUNDS TO POLITICAL CANDIDATES AND POLITICAL ACTION COMMITTEES THAT ADVOCATE FOR ITS REALTOR MEMBERS AND PROMOTE THE ADVANCEMENT, INTEGRITY, COMPETENCY, EDUCATION, AND RIGHTS OF MEMBERS OF THE REAL ESTATE INDUSTRY. PART III-B, LINE 2A: IN 2022 AND PRIOR, THE ORGANIZATION OVERSTATED THE AMOUNT OF NONDEDUCTIBLE DUES REPORTED TO MEMBERS. THE EXCESS NONDEDUCTIBLE DUES ARE TRACKED INTERNALLY AND USED TO REDUCE TOTAL NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES IN THE CURRENT YEAR ON LINE 2A. THE CARRYFORWARD OF $455,866 WILL BE USED IN FUTURE YEARS TO OFFSET CURRENT YEAR NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. 3 133012 124933 298215 1 1 311896 146846 165050 2529224 2183749 345475 107680 104084 3596 514121 INVESTMENT IN HMLS 12214215 F INVESTMENT IN MLS TECHNOLOGY HOLDINGS LLC 2500000 F INVESTMENT IN REACH VENTURES LP 2018 FUND 72399 F 14786614 DEFERRED COMPENSATION ASSETS 501496 DUE FROM HMLS 2542610 RIGHT OF USE ASSETS 934935 3979041 ASSOCIATION DUES PAYABLE 183175 DEFERRED COMPENSATION LIABILITIES 501496 KEY LEASE DEPOSITS 68329 LEASE LIABILITIES 1006248 1759248 X 6085038 1065217 609601 1674818 4410220 47257 -102544 -55287 4354933 4075003 102544 102544 3972459 47257 324000 371257 4343716 PART X, LINE 2: KCRAR IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE AND LOCAL INCOME TAXES AS A GENERAL NOT-FOR-PROFIT ORGANIZATION. HMLS IS A C-CORPORATION AND TAXED AS A SEPARATE ENTITY. THE ORGANIZATION HAS ADOPTED THE INCOME TAXES TOPIC OF THE FEDERAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740 RELATED TO UNCERTAIN TAX POSITIONS. THIS TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DID NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE -324,000. CHANGE IN VALUE OF HMLS INVESTMENT 933,601. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B -36,080. RENT EXPENSES REPORTED ON PART VIII, LINE 6B -66,464. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 36,080. RENT EXPENSES REPORTED ON PART VIII, LINE 6B 66,464. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 324,000. X 1 1 X X X 0 0 0 KIPP COOPER CEO 173450 204000 12380 12380 31500 0 15715 15715 23361 15311 256406 247406 0 0 ROBERT WAGONER MLS DIRECTOR 0 168182 0 15288 0 464 0 15288 0 14786 0 214008 0 0 JAMES MIKE SHELL VP OF FINANCE 0 157772 0 16000 0 1021 0 13026 0 20300 0 208119 0 0 JULIE STEWART CHIEF OPERATIONS OFFICER 152245 0 15600 0 3804 0 12471 0 21393 0 205513 0 0 0 PART I, LINE 1A KIPP COOPER WAS REIMBURSED FOR COUNTRY CLUB DUES IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT. CLUB MEMBERSHIP IS CONSIDERED A BUSINESS EXPENSE AND IS USED FOR MEMBER CULTIVATION, MEETINGS, AND NETWORKING. SCHEDULE J, PART II: HEARTLAND MULTIPLE LISTING SERVICE, INC. REIMBURSES KCRAR FOR ITS SHARE OF PAYROLL COSTS BASED ON ESTIMATED TIME SPENT BY JOB FUNCTION. FOR KIPP COOPER, EXECUTIVE DIRECTOR, THE ALLOCATION IS A 50/50 SPLIT. FORM 990, PART VI, SECTION A, LINE 1A THE FUNCTION OF THE EXECUTIVE COMMITTEE IS TO TRANSACT BUSINESS WHICH IS WITHIN THE AUTHORITY OF THE BOARD OF DIRECTORS UNDER THE BYLAWS AND WHICH IS OF AN URGENT NATURE BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND WHICH IN THE OPINION OF THE PRESIDENT, OR THE MAJORITY OF THE EXECUTIVE COMMITTEE, DOES NOT REQUIRE A DECISION OF THE ENTIRE BOARD OF DIRECTORS. ANY AND ALL SUCH ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN FULL TO THE BOARD OF DIRECTORS AT THE NEXT MEETING THEREOF AND SAID DIRECTORS SHALL RATIFY, CONFIRM OR OVERRULE ALL SUCH ACTIONS. THE EXECUTIVE COMMITTEE SHALL CONDUCT AN ANNUAL PERFORMANCE REVIEW OF THE CEO AND SHALL HAVE THE AUTHORITY TO DETERMINE THE COMPENSATION AND ALL OTHER CONTRACTUAL MATTERS RELATED TO THE CEO. FORM 990, PART VI, SECTION A, LINE 6 KCRAR IS A MEMBERSHIP ORGANIZATION WITH SEVEN (7) CLASSES OF MEMBERS - REALTOR MEMBERS (PRIMARY AND SECONDARY), INSTITUTE AFFILIATE MEMBERS, AFFILIATE MEMBERS, HONORARY MEMBERS, RETIRED MEMBERS, AND LIFE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ARE RESPONSIBLE FOR ELECTING THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE RESPONSIBLE FOR VOTING ON CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 10B KCRAR HAS SEVERAL CHAPTERS THAT MEET TO PROMOTE KCRAR IN THEIR GEOGRAPHICAL AREAS AND PERFORM LOCAL COMMUNITY IMPROVEMENT PROJECTS. THESE CHAPTERS DO NOT HAVE SEPARATE RULES AND REGULATIONS BUT ARE EXPECTED TO FOLLOW ALL POLICIES AND PROCEDURES ESTABLISHED BY KCRAR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO AND VP OF FINANCE. THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE IS ALERTED THAT THE FORM HAS BEEN PREPARED. MEMBERS, DIRECTORS, AND EXECUTIVE COMMITTEE MEMBERS CAN REVIEW A COPY ON THEIR OWN OR SCHEDULE A MEETING TO REVIEW WITH THE CEO OR VP OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AT THE FIRST BOARD OF DIRECTORS MEETING HELD EACH YEAR. EACH MEMBER IS REQUIRED TO SIGN THE DOCUMENT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE NEGOTIATES AN EMPLOYMENT CONTRACT WITH THE CEO. INFORMATION IS OBTAINED FROM VARIOUS SOURCES INCLUDING THE NATIONAL ASSOCIATION OF REALTORS AND LOCAL INFORMATION. THE CEO MAKES ALL DECISIONS REGARDING EMPLOYEES OF THE ASSOCIATION BASED ON A BUDGET WHICH HAS BEEN APPROVED BY THE GOVERNING BODY. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS, WHICH INCLUDE THE CONFLICT OF INTEREST POLICY, ARE AVAILABLE ON OUR WEBSITE FOR MEMBERS TO VIEW. FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF HMLS INVESTMENT 933,601. FORM 990, PART XII, LINE 2C: THE BUDGET AND FINANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HEARTLAND MULTIPLE LISTING SERVICE INC 11150 OVERBROOK RD STE 125 LEAWOOD KS 66211 431644649 REAL ESTATE LISTING SERVICES KS KANSAS CITY REGIONAL ASSOCIATION OF REALTORS C 5889255 17610390 1.00000 1 1 0 0 1 0 1 0 0 0 1 0 1 0 1 1 1 1 0 0 HEARTLAND MULTIPLE LISTING SERVICE INC A 162000 BANK INTEREST RATE HEARTLAND MULTIPLE LISTING SERVICE INC A 66464 RENTS EQUAL TO ASSET DEPRECIATION HEARTLAND MULTIPLE LISTING SERVICE INC D 2542610 PRINCIPAL BALANCE HEARTLAND MULTIPLE LISTING SERVICE INC J 245974 LEASE AGREEMENT HEARTLAND MULTIPLE LISTING SERVICE INC L 50000 FAIR MARKET VALUE HEARTLAND MULTIPLE LISTING SERVICE INC O 114840 COST REIMBURSEMENT HEARTLAND MULTIPLE LISTING SERVICE INC P 0 AMOUNT NOT DETERMINED HEARTLAND MULTIPLE LISTING SERVICE INC Q 0 AMOUNT NOT DETERMINED