2024-09-25T11:53:01-05:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 410668016 GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSOCIATION GREA 6123388627 50 S 6TH STREET 1301 MINNEAPOLIS MN 554021503 SARAH ANDERSON PRESIDENT/CEO 6123388627 2024-09-09 1 1 RYAN VETTRUS CPA P01243596 6514834521 2023 2024-08-08 14:25:15Z SARAH ANDERSON 50 S 6TH STREET 1301 MINNEAPOLIS MN 554021503 1337111 0 X WWW.BOMAMPLS.ORG X 1948 MN BUSINESS ASSOCIATION FOR REAL ESTATE MANAGERS 15 15 7 100 31367 8098 0 0 889921 870773 30414 61070 40152 46011 960487 977854 0 0 0 0 420565 431371 0 0 0 518772 561869 939337 993240 21150 -15386 892167 1059012 175975 334356 716192 724656 ADVOCACY, EDUCATION AND NETWORKING FOR COMMERCIAL REAL ESTATE PROFESSIONALS. 0 0 THE ASSOCIATION PROVIDES EDUCATIONAL PROGRAMS AND SERVICES RELATIVE TO THE OWNERSHIP AND OPERATIONS OF BUILDINGS TO ITS MEMBERS. THE ASSOCIATION HELD APPROXIMATELY 30 EDUCATIONAL MEETINGS/SESSIONS PROVIDING A TOTAL OF 114 CEU'S TO OUR MEMBERS. WE HELD 10 NETWORKING EVENTS FOR OUR MEMBERS, INCLUDING A GALA AWARDS EVENT. WE PUBLISHED 6 NEWSLETTERS. DURING 2023, THE ORGANIZATION HAD 458 INDIVIDUAL MEMBERS, 197 BUILDING MEMBERS, AND 163 ENGINEERS ASSOCIATION MEMBERS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 7 1 1 1 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X THE ORGANIZATION 6123388627 50 S 6TH STREET 1301 MINNEAPOLIS MN 554021503 MONIQUE SLAUGHTER DIRECTOR 1.00 X 0 0 0 ADAM WARDEN DIRECTOR 1.00 X 0 0 0 LAURIE PAQUETTE DIRECTOR 1.00 X 0 0 0 RAYMOND VAUGHN DIRECTOR 1.00 X 0 0 0 KEVIN ROLFES DIRECTOR 1.00 X 0 0 0 DEBORAH KOLAR PAST CHAIR 1.00 X X 0 0 0 ALEXX SMITH BOARD VICE CHAIR 1.00 X X 0 0 0 LEE DAVIS BOARD CHAIR 1.00 X X 0 0 0 JOHN BOICH DIRECTOR 1.00 X 0 0 0 SETH REDFIELD BOARD TREASURER 1.00 X X 0 0 0 NATHAN REED DIRECTOR 0.00 X 0 0 0 BEN YARBROUGH DIRECTOR 0.00 X 0 0 0 TAMI SHROYER DIRECTOR 0.00 X 0 0 0 DARRELL BERRY DIRECTOR 0.00 X 0 0 0 RYAN MORRIS DIRECTOR 0.00 X 0 0 0 SARAH ANDERSON PRESIDENT/CEO 40.00 X 177668 0 20944 177668 0 20944 1 0 1 0 0 MEMBER DUES 531390 760378 760378 MEETINGS & SEMINARS 611600 51326 51326 DIRECTORY INCOME 900099 24092 24092 BOMI CLASSES 900099 15284 15284 MEMBER EVENTS 531390 9993 9993 9700 2425 7275 870773 31116 31116 179742 149788 29954 29954 29954 255480 209469 46011 46011 977854 839406 31367 107081 198612 171876 4347 31219 25317 78000 15300 7586 3789 8451 29401 61824 8662 100032 96511 26581 5072 INCOME TAX 2470 MISCELLANEOUS 34853 BANK FEES 19745 BOMI CLASS EXPENSE 16669 46923 993240 10956 163352 33273 10438 12825 13705 11679 197 317663 304940 39304 12723 707881 709050 76249 149547 892167 1059012 61768 110058 35235 74117 78972 150181 175975 334356 X 716192 724656 716192 724656 892167 1059012 -15386 23850 0 X X 1 X 0 0 0 0 0 1 760378 23333 16157 39490 22887 16603 163608 160880 2728 154055 144060 9995 12723 OPERATING LEASE 149547 149547 LEASE OBLIGATION 150181 150181 X 1203587 23850 23850 1179737 7586 -209469 -201883 977854 1195123 209469 209469 985654 7586 7586 993240 PART X, LINE 2: FIN 48 DISCLOSURE FROM REVIEWED FINANCIAL STATEMENTS: THE ASSOCIATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME WHICH IS PRIMARILY ADVERTISING REVENUE IN PUBLICATIONS. THE ASSOCIATION MADE INCOME TAX PAYMENTS OF $4,550 IN 2023 AND $3,350 IN 2022. THE ASSOCIATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ASSOCIATION IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ASSOCIATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ASSOCIATION HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -209,469. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 209,469. GALA - BEST OF BOMA 118137 118137 46769 9607 68186 GOLF TOURNAMENT 71129 71129 1445 750 19238 19969 1 66214 66214 734 6680 19083 16260 748 255480 255480 2179 7430 85090 25867 88903 209469 46011 X 0 0 0 SARAH ANDERSON PRESIDENT/CEO 177668 0 0 0 0 0 14217 0 6727 0 198612 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSN'S MEMBERS ARE COMMERCIAL REAL ESTATE OWNERS, PROPERTY MANAGERS AND SERVICE PROVIDERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS ELECT ITS BOARD OF DIRECTORS AT THE ORGANIZATION'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO THE ORGANIZATION'S BYLAWS MUST BE APPROVED BY THE ORGANIZATION'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT/CEO, PRIOR TO THE FORM'S FILING WITH THE INTERNAL REVENUE SERVICE. IT IS ALSO SHARED WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST CONTEMPORANEOUS WITH BOARD ACTION. DETAILED PROCEDURES ARE OUTLINED IN THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED ACCOUNTABILITY FOR PERSONNEL COMPENSATION ADMINISTRATION TO THE EXECUTIVE COMMITTEE. INCREASES IN COMPENSATION FOR EXISTING EXECUTIVES SHOULD BE GOVERNED BY COST OF LIVING FACTORS AND ACCEPTABLE STANDARDS FOR REWARDING PERFORMANCE IN THE POSITION. SALARY INCREASES OR BONUSES IN EXCESS OF THE NORM SHOULD BE JUSTIFIED AND DOCUMENTED, AND SURVEYS SHOULD BE CONDUCTED EVERY THREE TO FIVE YEARS TO ASSURE THAT COMPENSATION REMAINS WITHIN A COMPETITIVE RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.