2024-11-04T14:04:55-06:00 2023-12-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-01-01 350411185 INDIANA ASSOCIATION OF REALTORS INC INDI 3179133230 143 W MARKET STREET 100 INDIANAPOLIS IN 46204 MARK FISHER CEO 3179133230 2024-11-04 1 0 CORY SCHUNEMANN CPA P01866583 3178488920 2024-11-04 2023 2024-10-15 13:58:12Z MARK FISHER 143 W MARKET STREET 100 INDIANAPOLIS IN 46204 9492072 0 X WWW.INDIANAREALTORS.COM X 1948 IN PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO SUSTAIN A HEALTHY REAL ESTATE MARKET IN INDIANA. 17 17 35 200 0 0 4559 41025 6375233 6612959 311959 442760 50966 784357 6742717 7881101 5000 6000 0 0 2868378 3064498 0 0 0 2674914 2513798 5548292 5584296 1194425 2296805 18947758 21434272 4114736 4205724 14833022 17228548 X TO SERVE ITS MEMBERS AND LOCAL ASSOCIATIONS BY PROVIDING LEADERSHIP PROGRAMS AND SERVICES TO SUSTAIN A HEALTHY REAL ESTATE MARKET IN INDIANA. IN PROVIDING THESE SERVICES, THE ASSOCIATION WILL RAISE THE STANDARDS OF THE REAL ESTATE PROFESSION AND THE CONDUCT OF THE INDIVIDUALS ENGAGED IN THE PROFESSION. DURING THE CURRENT PERIOD, THE ASSOCIATION SPONSORED VARIOUS PROGRAMS AND SERVICES TO ITS 21,911 MEMBERS WITHIN THE STATE. 0 0 LEADERSHIP - MONIES IN THIS FUND FACILITATE MEMBER LEADERSHIP AND GOVERNANCE. SPECIFIC EXPENSES INCLUDE, BUT ARE NOT LIMITED TO PROFESSIONAL MEMBERSHIPS, TRAVEL TO AND PARTICIPATION IN NATIONAL ASSOCIATION EVENTS, REALTOR OF THE YEAR BANQUET, PRESIDENT'S INAUGURAL BALL, FALL AND WINTER LEGISLATIVE CONFERENCES, LEADERSHIP SUMMITS, STATE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE MEETINGS, LOCAL BOARD OUTREACH PROGRAMS, STRATEGIC PLANNING AND THE INDIANA REALTOR LEADERSHIP ACADEMY, A PROGRAM TO FOSTER FUTURE LEADER DEVELOPMENT. GOVERNMENT AFFAIRS - GOVERNMENT AFFAIRS EXPENDITURES SUPPORT ASSOCIATION STAFF IN PROMOTING LEGISLATION AT BOTH THE LOCAL, STATE AND FEDERAL LEVELS THAT ENHANCE THE FREEDOM AND ABILITY OF REALTORS TO CONDUCT BUSINESS SUCCESSFULLY WITH INTEGRITY AND COMPETENCY. SAID EXPENDITURES ALSO PROVIDE DEFENSE AGAINST LEGISLATION HARMFUL TO REALTORS AND THE INDIVIDUAL RIGHT TO OWN REAL PROPERTY. SPECIFIC EXPENDITURES INCLUDE, BUT ARE NOT LIMITED TO RESEARCH, LOBBYING, REALTORS POLITICAL ACTION COMMITTEE SOLICITATION, AND GENERAL OFFICE SUPPLIES. LEGAL AFFAIRS - LEGAL AFFAIRS EXPENDITURES SUPPORT THE ASSOCIATION ATTORNEYS AND STAFF IN EDUCATING MEMBERS ON THE LAWS GOVERNING THE REALTOR PROFESSION AND REAL ESTATE TRANSACTIONS. SPECIFICALLY, THESE EXPENDITURES PRODUCE AND MAINTAIN AN ELECTRONIC LIBRARY OF LEGAL FORMS AVAILABLE TO ALL MEMBERS TO GUIDE THEIR CLIENTS THROUGH EVERY TYPE OF REAL ESTATE TRANSACTION AND ADMINISTER THE LEGAL HOTLINE, A TOLL-FREE TELEPHONE AND E-MAIL ADDRESS BY WHICH MANAGING BROKERS MAY SEEK FREE LEGAL GUIDANCE. SAID EXPENDITURES ALSO PROMOTE AND ENFORCE THE NATIONAL REALTOR CODE OF ETHICS THROUGH THE SHARED PROFESSIONAL STANDARDS ENFORCEMENT PROGRAM, AND PROVIDE EQUAL OPPORTUNITY AND HOUSING, AND RISK REDUCTION TRAINING AT ASSOCIATION EVENTS. ASSOCIATION ATTORNEYS ALSO HELP WITH COURSES AND MATERIALS FOR THE ASSOCIATION-OWNED REAL ESTATE CERTIFICATION PROGRAM (RECP). LEGAL AFFAIRS ENSURES COMPLIANCE WITH CAMPAIGN FINANCE LAW, INCLUDING APPROVING REALTORS POLITICAL ACTION COMMITTEE (RPAC) DISCLAIMERS FOR LOCAL BOARDS, ADVISING LOCAL BOARDS ON RPAC AND THE LAW, PROVIDING ASSISTANCE TO IAR STAFF TO RESPOND TO INQUIRIES FROM THE INDIANA ELECTION COMMISSION AND THE FILING OF THE CAMPAIGN FINANCE REPORT FOR RPAC. LEGAL AFFAIRS EXPENDITURES PROMOTE AND PROVIDE FOR LEGAL REVIEW OF ALL IAR LEASES, CONTRACTS AND RELATED LEGAL AGREEMENTS AND OVERSEES THE DEFENSE OF IAR LAWSUITS, CLAIMS AND OTHER LEGAL MATTERS. LEGAL AFFAIRS ALSO ADMINISTERS THE LEGAL ACTION PROGRAM TO HELP ALLEVIATE LITIGATION COSTS FOR MEMBERS AND/OR LOCAL ASSOCIATIONS INVOLVED IN LITIGATION. THE PURPOSE OF THE LEGAL ACTION PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE TO SUPPORT LITIGATION OF SIGNIFICANCE TO THE ASSOCIATION, INCLUDING MATTERS RELEVANT TO THE PRACTICE OF REAL ESTATE, THE OPERATION OF REAL ESTATE ASSOCIATIONS, OWNERSHIP AND USE OF REAL ESTATE, AND PRIVATE PROPERTY RIGHTS. LEGAL ACTION FUNDS ARE TO BE USED EXCLUSIVELY TO PAY THE LEGAL FEES, COSTS, AND EXPENSES INCURRED IN CONNECTION WITH THE LITIGATION FOR WHICH ASSISTANCE IS REQUESTED AND PROVIDED. 0 1 1 1 0 0 0 0 0 1 1 0 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 0 0 1 30 0 1 35 1 0 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IN X THE ORGANIZATION 3179133230 143 W MARKET STREET 100 INDIANAPOLIS IN 46204 ANDY RUDOLPH PAST PRESIDENT 1.00 X 0 0 0 LYNN WHEELER PRESIDENT 1.00 X X 18000 0 0 JENNIFER PARHAM PRESIDENT ELECT 1.00 X X 0 0 0 AARON LUTTRULL VP 1.00 X X 0 0 0 KIM WARD VP 1.00 X X 0 0 0 BRIAN THOMPSON MEMBER 1.00 X 0 0 0 DAVID CAVENESS MEMBER 1.00 X 0 0 0 DONNA SPEARS MEMBER 1.00 X 0 0 0 JASON ENGEL MEMBER 1.00 X 0 0 0 JASON O'NEIL MEMBER 1.00 X 0 0 0 KURT SCHULER MEMBER 1.00 X 0 0 0 MARK FORCUM MEMBER 1.00 X 0 0 0 NOHEMI MEMI RENNEWANZ MEMBER 1.00 X 0 0 0 PATRICK MALOBLOCKI MEMBER 1.00 X 0 0 0 RON MCCOLLY MEMBER 1.00 X 0 0 0 STEPHANIE ROSE-WELDY MEMBER 1.00 X 0 0 0 TRACY HUTTON MEMBER 1.00 X 0 0 0 MARK FISHER CEO 40.00 X 332376 0 19550 MAGGIE MCSHANE SR. VP GOVT AFFAIRS 40.00 X 246007 0 12221 KATHY HARBAUGH SENIOR VP 40.00 X 237458 0 14444 RICHELLE MOSSLER GENERAL COUNSEL 40.00 X 207719 0 12830 CHRIS WATTS VP-COMMUNICATIONS 40.00 X 147637 0 9520 ANNE JOHNSON LEGAL & REGULATORY COMPLIANCE COUNSEL 40.00 X 127350 0 6305 KELLY SHONBORN SENIOR STAFF COUNSEL 40.00 X 133262 0 8790 KARL BERRON FORMER CEO 40.00 X 154364 0 0 1604173 0 83660 10 1 1 0 ONE FORTY THREE LLC MT 143 W MARKET ST STE 100 INDIANAPOLIS IN 46204 RENT 260700 SWVP INDY LLC 120 W MARKET ST INDIANAPOLIS IN 46204 CONFERENCE HOTELS 117382 2 41025 41025 MEMBERSHIP ASSESSMENTS 541900 5478897 5478897 EDUCATIONAL PROGRAMS 611430 1134062 1134062 6612959 422759 422759 9989 9989 1630972 1610971 20001 20001 20001 2323 0 2323 2323 MISCELLANEOUS INCOME 900099 772045 772045 772045 7881101 7387327 0 452749 6000 880056 1741017 118345 152016 173064 33035 32375 7500 30323 1710 35924 225820 434933 301584 320500 304885 63764 23039 EDUCATIONAL PROGRAMS 510778 RESEARCH 100000 COMMUNICATIONS 85762 PROPERTY TAXES 1866 5584296 4109470 4617131 2248635 3963256 1749239 1749239 179917 199329 491246 316855 1862829 174391 3891328 4144230 4487848 4562848 0 76147 418492 1947701 18947758 21434272 456030 269480 1560601 1987469 2098105 1948775 4114736 4205724 X 14833022 17228548 14833022 17228548 18947758 21434272 2296805 98721 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INDIANA REALTORS POLITICAL ACTION COMMITTEE 143 W MARKET STREET INDIANAPOLIS IN 46204 351521931 929098 0 0 0 5478897 542026 -186573 355453 551506 -196053 17730 11052 6678 473516 305803 167713 174391 INVESTMENT IN 143 MM, LLC 4487848 C RAYSE INC. INVESTMENT 75000 C 4562848 RESTRICTED INVESTMENT 296232 RIGHT OF USE ASSETS 1651469 1947701 FUNDS HELD FOR THE BENEFIT OF OTHERS 296232 RIGHT OF USE LIABILITY 1652543 1948775 X 7949499 98721 98721 7850778 30323 30323 7881101 5553973 0 5553973 30323 30323 5584296 PART X, LINE 2: THE ASSOCIATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND CORRESPONDING STATE TAX LAW. THE ACTIVITIES OF THE SCHOOL ARE EXEMPT AS PROGRAMS UNDER THE ASSOCIATION'S NOT-FOR-PROFIT EXEMPTION. THE ABOVE EXEMPTIONS ARE ON ALL REVENUE EXCEPT UNRELATED BUSINESS INCOME. ONE FORTY THREE MM IS A SINGLE MEMBER LIMITED LIABILITY COMPANY OWNED BY THE ASSOCIATION THAT IS TREATED AS A TAXABLE CORPORATION FOR FEDERAL AND STATE INCOME TAX PURPOSES. DEFERRED INCOME TAXES ARISE FROM TEMPORARY DIFFERENCES BETWEEN THE TAX BASES OF ASSETS AND LIABILITIES AND THEIR REPORTED AMOUNTS IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE PRINCIPAL TEMPORARY DIFFERENCES RELATE TO THE DEPRECIATION OF PROPERTY AND EQUIPMENT RELATED TO THE FLOW-THROUGH INCOME FROM ONE FORTY THREE AND ONE FORTY THREE MT. THE EFFECTS OF RECORDING A DEFERRED TAX PROVISION WERE NOT SIGNIFICANT AND HAVE NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. ONE FORTY THREE AND ONE FORTY THREE MT ARE LIMITED LIABILITY COMPANIES TAXED AS PARTNERSHIPS FOR FEDERAL AND STATE INCOME TAX PURPOSES. THEIR OPERATING RESULTS ARE INCLUDED IN THE INCOME TAX RETURNS OF THEIR MEMBERS. CONSEQUENTLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS WITH RESPECT TO THE PORTION OWNED BY THE INVESTOR MEMBER. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 1 X X X X X 0 0 0 MARK FISHER CEO 300000 0 30205 0 2171 0 16500 0 3050 0 351926 0 0 0 MAGGIE MCSHANE SR. VP GOVT AFFAIRS 232790 0 11844 0 1373 0 12221 0 0 0 258228 0 0 0 KATHY HARBAUGH SENIOR VP 227501 0 8444 0 1513 0 11944 0 2500 0 251902 0 0 0 RICHELLE MOSSLER GENERAL COUNSEL 196771 0 10042 0 906 0 10330 0 2500 0 220549 0 0 0 CHRIS WATTS VP-COMMUNICATIONS 140400 0 7237 0 0 0 7020 0 2500 0 157157 0 0 0 KARL BERRON FORMER CEO 0 0 0 0 154364 0 0 0 0 0 154364 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS LIMITED TO LICENSED REAL ESTATE BROKERS AND AGENTS, GENERALLY ALL WOULD BE WITHIN THE STATE OF INDIANA. MEMBERS MUST ALSO BE MEMBERS OF THEIR LOCAL BOARD OF REALTORS AND THE NATIONAL ASSOCIATION OF REALTORS. THERE IS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION ELECT THE ORGANIZATION'S GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM, REVIEWED BY THE ASSOCIATION'S CONTROLLER, AND THEN REVIEWED BY MANAGEMENT AND THE OFFICERS OF THE BOARD PRIOR TO FILING THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C IAR DISTRIBUTES AN ANNUAL CONFLICT OF INTEREST POLICY TO ALL BOARD MEMBERS AND STAFF, WITH GUIDELINES FOR REPORTING CONFLICTS. UPON RECEIPT OF ALL SIGNED CONFLICT OF INTEREST DISCLOSURE FORMS, POTENTIAL CONFLICTS REPORTED BY BOARD MEMBERS ARE FIRST REVIEWED BY STAFF, AND THEN PASSED ON TO THE EXECUTIVE COMMITTEE FOR CONSIDERATION. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE OFFICERS OF THE BOARD COMPILE AN EVALUATION OF THE CEO'S PERFORMANCE WITH THE EXECUTIVE COMMITTEE. THE OFFICERS PERIODICALLY ENGAGE A CONSULTANT FAMILIAR WITH THE REAL ESTATE INDUSTRY AND OTHER COMPARABLE ASSOCIATIONS TO ASSIST IN DETERMINING THE CEO'S COMPENSATION. COMPENSATION IS SET ANNUALLY BY THE OFFICERS OF THE BOARD AFTER REVIEW OF COMPARABLE INFORMATION. COMPENSATION FOR OTHER EMPLOYEES OF THE ORGANIZATION IS DETERMINED BY THE CEO RATHER THAN THE OFFICERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. REAL ESTATE CERTIFICATION PROGRAM LLC 143 W MARKET ST SUITE 100 INDIANAPOLIS IN 46204 921540359 CERTIFICATION PROGRAMS FOR REALTORS IN 1091576 184762 INDIANA ASSOCIATION OF REALTORS INDIANA REALTORS EDUCATION FOUNDATION INC 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 311105636 EDUCATIONAL FOUNDATION IN 501(C)(3) LINE 7 INDIANA ASSOCIATION OF REALTORS 1 INDIANA REALTORS POLITICAL ACTION COMMITEE 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 351521931 POLITICAL ACTION COMMITTEE IN 527 N/A N/A 0 HOOSIER HOMEOWNERS ALLIANCE 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 461072142 POLITICAL ACTION COMMITTEE IN 527 N/A N/A 0 ONE FORTY THREE LLC 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 474706555 IN N/A 0 0 ONE FORTY THREE MT LLC 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 822664090 IN N/A 0 0 ONE FORTY THREE MM LLC 143 W MARKET STREET STE 100 INDIANAPOLIS IN 46204 822646600 IN C 7411302 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 SCHEDULE R, PART V, LINE 2: THE INDIANA REALTORS EDUCATIONAL FOUNDATION, INC. IS A CONTROLLED ENTITY AS DEFINED BY SECTION 512(B)(13). HOWEVER NO REPORTABLE TRANSACTIONS OCCURED IN 2023, SO PART V, LINE 2 DOES NOT APPLY. ALL TRANSACTIONS LISTED IN PART V, LINE 1 APPLY TO OTHER RELATED ORGANIZATIONS LISTED ON SCHEDULE R.