2024-02-08T15:01:58-06:00 2023-09-30 363168081 SIKICH LLP 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2022-10-01 362085931 MAINSTREET ORGANIZATION OF REALTORS MAIN 6303248400 6655 MAIN STREET DOWNERS GROVE IL 605162823 PATRICK CAFFARELLI CFO 6303248400 2024-02-06 1 PATRICK CAFFARELLI 999009999 1 HEATHER BONIFAS CPA P01711657 6305668400 2024-02-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN GORMLEY 6655 MAIN STREET DOWNERS GROVE IL 605162823 11995960 0 X WWW.SUCCEEDWITHMORE.COM X 1921 IL TO PROMOTE PROFESSIONALISM AND COOPERATION AMONG MEMBER REAL ESTATE ASSOCIATES. 19 19 34 23 0 0 0 0 7173853 7072701 1171245 1129718 831128 972495 9176226 9174914 0 0 0 0 3123384 3547545 0 0 0 4374686 4583345 7498070 8130890 1678156 1044024 23598352 26302753 7291464 7854474 16306888 18448279 THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING PROFESSIONALISM AND COOPERATION AMONG MEMBER REAL ESTATE ASSOCIATES. 0 0 THE ORGANIZATION WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING PROFESSIONALISM AND COOPERATION AMONG MEMBER REAL ESTATE ASSOCIATES. 0 0 1 1 0 0 0 0 0 1 0 0 0 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 1 1 1 1 0 1 15 0 34 1 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICK CAFFARELLI 6303248400 6655 S MAIN STREET DOWNERS GROVE IL 60516 JOHN LETOUREAU PAST PRESIDENT (THRU 08/30/2023) 2.00 X X 0 0 0 DEBBIE PAWLOWICZ PAST PRESIDENT 2.00 X X 0 0 0 TIM RYAN PRESIDENT 2.00 X X 0 0 0 CONNIE VAVRA PRESIDENT ELECT 1.00 X X 0 0 0 KINGA KORPACZ TREASURER 1.00 X X 0 0 0 ERIC BASIORKA DIRECTOR (THRU 08/30/2023) 1.00 X 0 0 0 CAROL E MOORE DIRECTOR (THRU 08/30/2023) 1.00 X 0 0 0 KRISTIAN LEE DIRECTOR 1.00 X 0 0 0 BRIAN PALM DIRECTOR 1.00 X 0 0 0 MARY NELSON DIRECTOR (THRU 08/30/2023) 1.00 X 0 0 0 DEBORA PRODEHL DIRECTOR 1.00 X 0 0 0 MARIBELL SALGADO-LITTLE DIRECTOR 1.00 X 0 0 0 SHIRIN MARVI DIRECTOR 1.00 X 0 0 0 CARRIE LITTLE DIRECTOR 1.00 X 0 0 0 TIGI TASSO DIRECTOR 1.00 X 0 0 0 GREG PHILLIPS DIRECTOR 1.00 X 0 0 0 JENNIFER SJOBLOAN DIRECTOR 1.00 X 0 0 0 MICHELL SHANG DIRECTOR 1.00 X 0 0 0 ANNETTE PANZEK DIRECTOR 1.00 X 0 0 0 SHEENA BAKER DIRECTOR 1.00 X 0 0 0 DAVID FARREL DIRECTOR 1.00 X 0 0 0 KAREN KRAMFORD DIRECTOR 1.00 X 0 0 0 DAVID CARLIN DIRECTOR 1.00 X 0 0 0 JOHN GORMLEY CEO 34.00 X 397051 0 44784 PATRICK CAFFARELLI CFO 34.00 X 179980 0 8720 KIM MCCOY VP OP & MBR SERVICES 34.00 X 160222 0 9294 AMY ROBEY VP MARKETING 34.00 X 134691 0 15648 KATE SAX VP PROF STDS & ED 34.00 X 141032 0 12454 1012976 0 90900 5 0 1 0 SENTRILOCK PO BOX 706327 CINCINNATI OH 45270 LOCKBOX AND SERVICE 1032459 COMSOLUTIONS 225 NORTH COLUMBIA ST COVINGTON LA 70433 IT CONSULTING AND SERVICE 359933 PROSPER STRATEGIES 310 SUNSET CT NORTHBROOK IL 60062 MARKETING AND COMMUNICATIONS 211372 SIRIUS BUSINESS SOFTWARE 42 BIRCHWOOD DR PALOS PARK IL 60464 PROGRAMMING CONSULTANT 209760 FOREWARN 2650 N MILITARY TRAIL BOCA RATON FL 33431 MEMBER BENEFIT-SECURITY 180000 6 ASSOCIATION DUES & FEES 531390 4441029 4441029 SENTRILOCK KEYCARD FEES 531390 1542086 1542086 CONTINUING EDUCATION AND OTHER PR 531390 550856 550856 FOREWARN INCOME 900099 467200 467200 NETWORKING EVENTS 900099 71530 71530 7072701 845331 845331 243633 0 243633 243633 243633 3045525 2760510 628 285015 -628 284387 284387 127265 59908 67357 67357 ADMINISTRATION INCOME 900099 644948 644948 OTHER INCOME 900099 16557 16557 661505 9174914 7801563 0 1373351 662033 2276245 415351 193916 6150 138961 13650 175422 35035 387198 712062 4271 173721 9151 377925 29130 SENTRILOCK EXPENSE 1000312 MEMBERSHIPS 208232 FORWARN EXPENSE 180000 CONTINUING EDUCATION 130741 1001384 8130890 39991 209368 5651301 4853085 195548 382406 46234 20722 137849 287215 7322028 3002894 3913746 4319134 13576050 15166224 24854 23749 12779 1040850 23598352 26302753 742709 783879 2433608 2397596 4115147 4672999 7291464 7854474 X 16070074 18170605 236814 277674 16306888 18448279 23598352 26302753 X 1044024 1102863 -19960 14464 X 0 1 X 1 0 MORE PAC 6655 MAIN STREET DOWNERS GROVE IL 605162823 362085931 75030 0 1 0 320600 320600 2885726 1455195 1430531 3158236 1159643 1998593 809040 388056 420984 148426 148426 4319134 DUE TO MLS 3542865 LEASE LIABILITY 1130134 4672999 X PART X, LINE 2: MAINSTREET ORGANIZATION OF REALTORS IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. MAINSTREET ORGANIZATION OF REALTORS'S WHOLLY OWNED FOR-PROFIT SUBSIDIARY, DUPAGE ASSOCIATION OF REALTORS MULTIPLE LISTING SERVICE, INC., IS A TAXABLE ENTITY AND, THEREFORE, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE DUPAGE ASSOCIATION OF REALTORS MULTIPLE LISTING SERVICE, INC. OPERATES AS A FOR-PROFIT CORPORATION AND IS LIABLE FOR FEDERAL AND STATE INCOME TAXES. PAC IS A SEPARATE SEGREGATED FUND OF THE ORGANIZATION. PAC IS ONLY SUBJECT TO INCOME TAX AS A SEPARATE SEGREGATED FUND UNDER SECTION 527 OF THE IRC ON INVESTMENT INCOME, IF ANY. THE ORGANIZATION FOLLOWS AUTHORITATIVE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE ORGANIZATION CONDUCTS BUSINESS SOLELY IN THE U.S. AND, AS A RESULT, FILES INFORMATION RETURNS FOR U.S. AND ILLINOIS. IN THE NORMAL COURSE OF BUSINESS, THE ORGANIZATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION'S 2021, 2020, AND 2019 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES X X X X X 0 0 0 JOHN GORMLEY CEO 370038 0 27013 0 0 0 12825 0 31959 0 441835 0 0 0 PATRICK CAFFARELLI CFO 176573 0 3407 0 0 0 7956 0 764 0 188700 0 0 0 KIM MCCOY VP OP & MBR SERVICES 154647 0 5575 0 0 0 3230 0 6064 0 169516 0 0 0 KATE SAX VP PROF STDS & ED 135834 0 5198 0 0 0 6390 0 6064 0 153486 0 0 0 AMY ROBEY VP MARKETING 132043 0 2648 0 0 0 6166 0 9482 0 150339 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 8 CLASSES OF MEMBERS WHICH INCLUDES: REALTOR MEMBERS, AFFILIATE MEMBERS, PUBLIC SERVICE MEMBERS, HONORARY MEMBERS, STUDENT MEMBERS, REALTORS EMERITUS MEMBERS, HONORARY LIFE MEMBERS AND DISTIGNUISHED MEMBERS. REALTOR MEMBERS ARE GIVEN VOTING RIGHTS. ALL OF THE MEMBERS PRIVILEGES AND OBLIGATIONS ARE OUTLINED IN THE ORGANIZATION'S BY-LAWS AND AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 7A ALL REALTOR MEMBERS OF THE ORGANIZATION ARE GIVEN THE OPTION TO VOTE TO ELECT THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL PASS A RESOLUTION AUTHORIZING THE SUBMISSION OF THE QUESTION OR QUESTIONS TO BE VOTED UPON BY THE MEMBERSHIP. VOTING PROCEDURES ARE OUTLINED IN THE ORGANIZATION'S BY-LAWS AND ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 11B A FORMAL REVIEW OF THE 990 IS CONDUCTED BY THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C REVIEW OF CONFLICTS, IF ANY, ARE CONSIDERED AT MONTHLY BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION IS COMPARED TO MARKET STUDIES FOR SIMILAR ORGANIZATIONS FOR REASONABLENESS. COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR OTHER POSITIONS IS REVIEWED AND APPROVED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: RESTRICTED NET ASSETS: PAC 14,464. MORE DOWNERS GROVE LLC 6655 S MAIN STREET DOWNERS GROVE IL 60516 832023715 RENTAL BUILDING IL -256255 3867127 MAINSTREET ORGANZIATION OF REALTORS MORE ARLINGTON HEIGHTS LLC 6655 S MAIN STREET DOWNERS GROVE IL 60516 832011579 RENTAL BUILDING IL 0 0 MAINSTREET ORGANZIATION OF REALTORS DUPAGE ASSOCIATION OF REALTORS 6655 S MAIN STREET DOWNERS GROVE IL 60516 363877912 DIST OF INFORMATION IL MAINSTREET ORGANIZATION OF REALTORS C 38556 3671716 1.00000 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 DUPAGE ASSOCIATION OF REALTORS MULTIPLE LISTING SERVICE INC E 3542865 COST METHOD DUPAGE ASSOCIATION OF REALTORS MULTIPLE LISTING SERVICE INC O 644948 COST METHOD