2025-10-09T07:56:26-05:00 2024-12-31 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-01-01 480614685 KANSAS CITY REGIONAL ASSOCIATION OF REALTORS KANS 9136611600 11150 OVERBROOK ROAD 100 LEAWOOD KS 66211 MIKE SHELL VP OF FINANCE 9136611600 2025-04-15 1 1 LISA BURKE P00220718 8169455500 2025-10-07 2024 2025-03-06 01:10:19Z KIPP COOPER 11150 OVERBROOK ROAD 100 LEAWOOD KS 66211 8893914 0 X KCRAR.COM X 2001 KS TO PROVIDE INNOVATIVE RESOURCES, TOOLS, AND EDUCATION TO REALTOR MEMBERS 20 19 24 485 373401 0 58177 134252 3774853 3756050 368832 934644 153071 190563 4354933 5015509 17596 58051 0 0 1936402 2301342 0 0 0 2389718 2204877 4343716 4564270 11217 451239 32107331 27870604 8921101 7694826 23186230 20175778 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 1 1 1 1 0 0 0 0 1 0 1 1 1 1 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 1 0 1 43 1 24 1 1 1 0 0 0 1 1 0 0 0 X 20 19 0 0 0 0 1 1 1 1 1 0 1 0 0 1 1 1 1 0 1 0 0 KS MO X MIKE SHELL VP OF FINANCE 9136611600 11150 OVERBROOK RD STE 100 LEAWOOD KS 66211 KIPP COOPER CEO 18.75 18.75 X X 251957 221496 63009 CINDY CUNNINGHAM PRESIDENT 7.00 1.00 X X 0 0 0 ANDREW MALL PRESIDENT ELECT 2.00 0.00 X X 0 0 0 DAVID NICHOLS TREASURER 1.00 0.00 X X 0 0 0 SYDNEY WEST IMMEDIATE PAST PRESIDENT 2.00 0.00 X 0 0 0 SHELBY AUSTIN DIRECTOR 1.00 0.00 X 0 0 0 DON BURNS DIRECTOR 1.00 0.00 X 0 0 0 MARIAN COAST DIRECTOR 1.00 0.00 X 0 0 0 CHRIS COLLINS DIRECTOR 1.00 0.00 X 0 0 0 THOMAS DARBRO DIRECTOR 1.00 0.00 X 0 0 0 DAN HARTMAN DIRECTOR 1.00 0.00 X 0 0 0 RYAN HAYS DIRECTOR 1.00 0.00 X 0 0 0 JEFF HILL DIRECTOR 1.00 0.00 X 0 0 0 JANA LARSEN DIRECTOR 1.00 0.00 X 0 0 0 SHAWN MULLER DIRECTOR 1.00 0.00 X 0 0 0 DAN O'NEILL DIRECTOR 1.00 0.00 X 0 0 0 ANDI PAWLOWSKI DIRECTOR 1.00 0.00 X 0 0 0 CRYSTAL SWEARINGEN DIRECTOR 1.00 0.00 X 0 0 0 SCOTT THEIS DIRECTOR 1.00 0.00 X 0 0 0 AMY VOLTZ DIRECTOR 1.00 7.00 X 0 0 0 JAMES 'MIKE' SHELL VP OF FINANCE 15.00 22.50 X 0 186912 23613 JULIE STEWART CHIEF OPERATIONS OFFICER 18.75 18.75 X 175659 0 29624 ROBERT WAGONER MLS DIRECTOR 3.75 33.75 X 0 195959 26977 KYLA BARCUS DIRECTOR OF COMMUNICATIONS & OUTREACH 18.75 18.75 X 111865 0 27371 DEREK RAMSAY SR VICE PRESIDENT 37.50 0.00 X 122507 0 19002 MICHAEL HANSEN RAMCO CREM ADMIN - ANALYST 11.25 26.25 X 0 111480 16725 CHRISTOPHER KLAMM DIRECTOR OF IT 26.25 11.25 X 0 111525 15688 661988 827372 222009 4 0 1 0 0 30000 104252 134252 MEMBERSHIP DUES 813910 1834086 1834086 LOCKBOX REVENUE 561000 1393400 1393400 APPLICATION & TRANSFER FEES 813910 217720 217720 TRADE EVENTS 813910 170347 170347 EDUCATIONAL SERVICES 813910 140497 140497 3756050 627030 244311 382719 72968 72968 0 1577469 2500000 1269752 2500103 307717 -103 307614 307614 64672 35582 29090 29090 SERVICE FEE INCOME 541519 100000 100000 LATE & NSF FEES 813910 59275 59275 2198 2198 161473 5015509 3817523 373401 690333 58051 493337 1313350 91778 272707 130170 24905 51391 99674 53519 100672 118302 183051 184247 262089 136612 10827 272555 88264 14094 EDUCATIONAL PROGRAMS 297378 EVENT PROGRAM COSTS 228300 LEADERSHIP EXPENSES 43901 INCOME TAX 1190 33906 4564270 3878 1574 1726073 1482647 413733 398337 13868 14001 108446 74706 3095460 2587306 514121 508154 10561557 11192584 14786614 8568984 3979041 5629617 32107331 27870604 653663 745943 1508190 1444494 5000000 3658831 1759248 1845558 8921101 7694826 X 23186230 20175778 23186230 20175778 32107331 27870604 X 451239 243931 -3705622 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 158 0 5000 5000 1 MISSOURI REALTORS PAC PO BOX 1327 COLUMBIA MO 65205 430727889 2500 64300 KANSAS REALTORS PAC 3644 SW BURLINGAME TOPEKA KS 66611 480512680 2500 63734 0 0 0 1834086 PART III-B, LINE 2A: IN 2023 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 $331,114 WILL BE USED IN FUTURE YEARS TO OFFSET CURRENT YEAR NONDEDUCTIBLE LOBBYING AND POLITICAL EXPENDITURES. 3 124637 170631 253709 1 1 311693 189448 122245 2676087 2293774 382313 107680 104084 3596 508154 INVESTMENT IN HMLS 8508593 F INVESTMENT IN REACH VENTURES LP 2018 FUND 60391 F 8568984 DEFERRED COMPENSATION ASSETS 627621 DUE FROM HMLS 4300000 RIGHT OF USE ASSETS 701996 5629617 ASSOCIATION DUES PAYABLE 195234 DEFERRED COMPENSATION LIABILITIES 627621 KEY LEASE DEPOSITS 68329 LEASE LIABILITIES 762615 DUE TO HMLS 191759 1845558 X 1336294 243931 -3978177 -3734246 5070540 53519 -108550 -55031 5015509 4346746 108550 108550 4238196 53519 272555 326074 4564270 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, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE -272,555. CHANGE IN VALUE OF HMLS INVESTMENT -3,705,622. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B -35,582. RENT EXPENSES REPORTED ON PART VIII, LINE 6B -72,968. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 35,582. RENT EXPENSES REPORTED ON PART VIII, LINE 6B 72,968. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 272,555. 1 GREATER KANSAS CITY COMMUNITY FOUNDATION 1055 BROADWAY BLVD STE 130 KANSAS CITY MO 64105 431152398 501(C)(3) 48943 0 N/A N/A DISASTER RELIEF 1 PART I, LINE 2: A DESIGNATED GROUP OF MEMBERS OVERSEE THE FUNDS COLLECTED FROM MEMBERS TO BE DISTRIBUTED TO CHARITABLE ORGANIZATIONS. X 1 1 X X X 0 0 0 KIPP COOPER CEO 172984 201351 20195 20145 58778 0 18092 16108 18004 10805 288053 248409 0 0 ROBERT WAGONER MLS DIRECTOR 0 171164 0 17576 0 7219 0 14546 0 12431 0 222936 0 0 JAMES 'MIKE' SHELL VP OF FINANCE 0 165386 0 16694 0 4832 0 13607 0 10006 0 210525 0 0 JULIE STEWART CHIEF OPERATIONS OFFICER 153971 0 16278 0 5410 0 12969 0 16655 0 205283 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. 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 -3,705,622. FORM 990, PART XII, LINE 2C: THE KCRAR BUDGET AND FINANCE COMMITTEE IS RESPONSIBLE FOR SELECTION OF THE INDEPENDENT ACCOUNTANT AND OVERSIGHT OF THE ANNUAL 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 6925296 15800296 1.00000 1 1 0 1 1 1 0 1 0 0 1 0 1 0 1 1 1 1 0 0 HEARTLAND MULTIPLE LISTING SERVICE INC A 224785 BANK INTEREST RATE HEARTLAND MULTIPLE LISTING SERVICE INC A 72968 RENTS EQUAL TO ASSET DEPRECIATION HEARTLAND MULTIPLE LISTING SERVICE INC D 4300000 PRINCIPAL BALANCE HEARTLAND MULTIPLE LISTING SERVICE INC E 191759 PRINCIPAL BALANCE HEARTLAND MULTIPLE LISTING SERVICE INC G 2500000 COST BASIS HEARTLAND MULTIPLE LISTING SERVICE INC J 241168 LEASE AGREEMENT HEARTLAND MULTIPLE LISTING SERVICE INC L 100000 FAIR MARKET VALUE HEARTLAND MULTIPLE LISTING SERVICE INC O 128104 COST REIMBURSEMENT HEARTLAND MULTIPLE LISTING SERVICE INC P 0 AMOUNT NOT DETERMINED HEARTLAND MULTIPLE LISTING SERVICE INC Q 0 AMOUNT NOT DETERMINED