2022-11-04T14:27:44-05:00 2021-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2021-01-01 560174058 CHARLOTTE REGIONAL REALTOR ASSOCIATION INC CHAR 7043720911 1120 PEARL PARKWAY 200 CHARLOTTE NC 28204 ANNE MARIE DECATSYE CEO 7043720911 2022-10-28 1 ANNE MARIE DECATSYE 999009999 AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z CANOPY REALTOR ASSOCIATION ANNE MARIE DECATSYE 1120 PEARL PARKWAY 200 CHARLOTTE NC 28204 13176908 0 X WWW.CANOPYREALTORS.COM X 1962 NC ADVANCING THE PROFESSION AND IMPROVING OUR COMMUNITIES. 16 16 48 350 87000 78045 0 0 4884664 4180164 84762 30137 8162955 8284548 13132381 12494849 294430 506704 0 0 5040374 5012247 0 0 0 3061585 3569686 8396389 9088637 4735992 3406212 53517006 53438404 7869694 4418760 45647312 49019644 THE CHARLOTTE REGIONAL REALTOR(R) ASSOCIATION ("CRRA") IS A TRADE ASSOCIATION SERVING MEMBERS IN MECKLENBURG, IREDELL AND HAYWOOD COUNTIES. CRRA'S MISSION IS ADVANCING THE PROFESSION AND IMPROVING OUR COMMUNITIES. AT DECEMBER 31, 2021, CRRA HAD 14,955 MEMBERS. 0 0 CRRA PROVIDES EDUCATIONAL OPPORTUNITIES THROUGH ITS CANOPY REAL ESTATE INSTITUTE SCHOOL. THE SCHOOL OFFERS A VARIETY OF NC REAL ESTATE COMMISSION APPROVED PRE-LICENSING AND, POST-LICENSING, CONTINUING EDUCATION AND PROFESSIONAL DESIGNATION COURSES FOR ITS MEMBERS. CRRA ALSO PROVIDES A VARIETY OF ADDITIONAL EDUCATIONAL PROGRAMS, SUCH AS ITS REALTOR(R) HOT TOPICS AND BROKER BRIEFINGS SEMINARS, ON PERTINENT ISSUES AFFECTING MEMBERS AND THEIR BUSINESS THAT ARE FREE TO MEMBERS. CRRA PROVIDES LOCAL ADVOCACY BY BEING THE COLLECTIVE VOICE FOR LOCAL REALTORS(R), HOMEBUYERS AND SELLERS. CRRA KEEPS MEMBERS INFORMED OF, AND COORDINATES INVOLVEMENT IN SUPPORT OR OPPOSITION OF, LEGISLATIVE AND/OR REGULATORY POLICIES AND ACTIONS THAT IMPACT THE HOME BUYING AND SELLING PROCESS AS WELL AS THE WAY MEMBERS DO BUSINESS. CRRA PROVIDES GRIEVANCE AND PROFESSIONAL STANDARDS SERVICES TO ENFORCE THE HIGH STANDARDS OF CONDUCT EXPECTED FROM REALTOR(R) MEMBERS. CRRA PROVIDES A PROCESS WHERE MEMBERS AND THE GENERAL PUBLIC CAN FILE A COMPLAINT AGAINST A REALTOR(R) FOR VIOLATION OF THE NATIONAL ASSOCIATION OF REALTORS(R) CODE OF ETHICS OR FOR AN ARBITRATION DISPUTE. COMPLAINTS ARE HEARD BY THE GRIEVANCE COMMITTEE, AND IF DETERMINED TO HAVE MERIT, GO FORWARD FOR A HEARING BY THE PROFESSIONAL STANDARDS COMMITTEE. IN LIEU OF AN ARBITRATION HEARING, MEDIATION SERVICES ARE AVAILABLE. 0 0 0 1 0 0 0 0 0 1 0 0 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 29 0 1 48 1 1 1 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X X MICHELLE MCCOOL 7049403130 1120 PEARL PARKWAY SUITE 200 CHARLOTTE NC 28204 DAVID KENNEDY PRESIDENT 5.00 5.00 X X 12000 0 1180 LEE ALLEN PRESIDENT-ELECT 5.00 5.00 X X 9000 0 1420 JOHN KINDBOM PAST PRESIDENT 5.00 5.00 X X 2000 0 225 CINDI HASTINGS TREASURER 5.00 5.00 X X 2000 0 1180 CHARISMA DOCKERY-SMITH SECRETARY 5.00 5.00 X X 2000 0 1180 ARIC BEALS DIRECTOR 1.50 0.50 X 0 0 1420 ALLEN DARGINS DIRECTOR 1.50 0.50 X 0 0 1420 MAGDA ESOLA DIRECTOR 1.50 0.50 X 0 0 1280 TIFFANY JOHANNES DIRECTOR 1.50 0.50 X 0 0 1420 MARBELIA MURILLO DIRECTOR 1.50 0.50 X 0 0 1180 SHANA NEELEY DIRECTOR 1.50 0.50 X 0 0 1180 BEVERLY NEWELL DIRECTOR 1.50 0.50 X 0 0 1180 JOSHUA TUCKER DIRECTOR 1.50 0.50 X 0 0 1420 TIA WASHINGTON DIRECTOR 1.50 0.50 X 0 0 1180 DAVID WILLETT DIRECTOR 1.50 0.50 X 0 0 1240 MICHAEL WONG DIRECTOR 1.50 0.50 X 0 0 1180 ANNE MARIE DECATSYE CEO 20.00 20.00 X 352463 0 47192 MICHELLE MCCOOL CFO 20.00 20.00 X 145441 0 24504 STEVE BYRD CTO 20.00 20.00 X 192547 0 32854 MICHELLE MCCASKILL ASST GENERAL COUNSEL 20.00 20.00 X 153136 0 36813 BOB HULL GENERAL COUNSEL 20.00 20.00 X 185242 0 26121 1055829 0 186769 5 0 1 0 0 MEMBERSHIP INCOME 900099 2841358 2841358 EDUCATION INCOME 611430 670355 670355 SUPRAKEY INCOME 900099 642031 642031 SPONSORSHIPS 900099 26420 26420 4180164 30137 30137 1015935 616384 399551 399551 67179 332372 60876 65675 -4799 2811 -7610 MANAGEMENT FEES 561000 4578582 4578582 NET INCOME FROM WHOLLY OWNED SUB 900099 3269283 3269283 ADVERTISING 541800 10550 10550 31381 14500 16881 7889796 12494849 8134026 87000 4273823 506704 1242598 2741738 109097 697054 221760 7195 65917 361533 235613 295145 449422 110095 22468 672333 62567 EDUCATIONAL PROGRAMS 757557 MEMBER EVENTS 274301 ADVOCACY/MEMBER SVCS 143207 INCOME TAXES 14083 98250 9088637 6350790 4516473 1313161 1316817 30366 56248 161240 139756 343464 307808 25126509 2547237 23875385 22579272 3394577 3390704 350000 350000 17698023 20781326 53517006 53438404 3007841 438014 976422 1359036 3543864 2618892 341567 2818 7869694 4418760 X 45647312 49019644 45647312 49019644 53517006 53438404 3406212 -33880 0 X 0 1 X 1 0 0 0 0 2092927 82344 82344 82344 1869150 1869150 20694994 2266597 18428397 567565 62162 505403 1994800 218478 1776322 22579272 INVESTMENT IN SUBSIDIARY 20079937 DUE FROM AFFILIATE ORGANIZATIONS 622862 INCOME TAX RECEIVABLE 78527 20781326 OTHER LIABILITIES 2818 2818 X PART X, LINE 2: THE ASSOCIATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ASSOCIATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ASSOCIATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2021 AND 2020 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 CHARLOTTE REGIONAL REALTOR ASSOC HOUSING OPPORTUNITY FOUNDATION 1120 PEARL PARK WAY SUITE 200 CHARLOTTE NC 28204 561609175 501(C)(3) 277684 0 GENERAL OPERATING SUPPORT UNITED WAY OF HAYWOOD COUNTY PO BOX 1139 WAYNESVILLE NC 28786 237112548 501(C)(3) 150000 0 HAYWOOD COUNTY FLOOD RELIEF EFFORTS MOUNTAIN PROJECTS INC 2177 ASHEVILLE RD WAYNESVILLE NC 28786 560849092 501(C)(3) 50000 0 HAYWOOD COUNTY FLOOD RELIEF EFFORTS 3 0 PART I, LINE 2: CRRA PROVIDES FUNDING TO ITS RELATED 501 (C) (3) CHARITABLE ORGANIZATION (CANOPY HOUSING FOUNDATION) ANNUALLY. THE PROPOSED ANNUAL CONTRIBUTION IS APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS. IN 2021, CRRA MADE SPECIAL GIFTS TO THE UNITED WAY OF HAYWOOD COUNTY AND MOUNTAIN PROJECTS INC TO SUPPORT FLOOD RELIEF EFFORTS IN HAYWOOD COUNTY. BECAUSE THESE ORGANIZATIONS ARE WELL-ESTABLISHED CHARITIES, NO MONITORING OF THE USE OF THE GRANT FUNDS WAS DEEMED NECESSARY. X X X X 0 0 0 ANNE MARIE DECATSYE CEO 320600 0 31863 0 0 0 21750 0 25442 0 399655 0 0 0 STEVE BYRD CTO 177547 0 15000 0 0 0 14378 0 18476 0 225401 0 0 0 BOB HULL GENERAL COUNSEL 185242 0 0 0 0 0 6290 0 19831 0 211363 0 0 0 MICHELLE MCCASKILL ASST GENERAL COUNSEL 148136 0 5000 0 0 0 11485 0 25328 0 189949 0 0 0 MICHELLE MCCOOL CFO 145441 0 0 0 0 0 10908 0 13596 0 169945 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CRRA IS AN ASSOCIATION OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE RIGHT TO ELECT THE OFFICERS AND DIRECTORS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B PER BY-LAWS, THE BOARD OF DIRECTORS CANNOT INCUR ANY OBLIGATION IN EXCESS OF THE AVAILABLE CASH ON HAND OF ITS COMBINED CONSOLIDATED BALANCE SHEET WITHOUT AUTHORIZATION BY VOTE OF A MAJORITY OF THE REALTOR(R) MEMBERS PRESENT AND VOTING AT ANY MEETING AT WHICH A QUORUM IS PRESENT, PROVIDED THE SUBSTANCE OF SUCH PROPOSED EXPENDITURE IS PLAINLY STATED IN THE CALL FOR THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE CFO AND CEO. A DRAFT IS SHARED AND REVIEWED WITH THE BOARD OF DIRECTORS PRIOR TO FILING. THE FILED VERSION IS POSTED ON THE INTERNAL WEBSITE FOR MEMBERS TO LOGIN AND REVIEW AS WELL. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE CONFLICT OF INTEREST POLICY IS REVIEWED BY THE BOARD OF DIRECTORS AND OTHER CRRA LEADERS. THE POLICY REQUIRES THEM TO IMMEDIATELY DISCLOSE ALL FACTS MATERIAL TO ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AT THE OUTSET OF ANY DISCUSSION BY CRRA PERTAINING TO THE BUSINESS. ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE REVIEWED AND EVALUATED BY CRRA'S LEADERSHIP. CRRA'S LEADERSHIP DETERMINES THE APPROPRIATE STEPS NECESSARY TO ALLEVIATE, MONITOR AND DEAL WITH CONFLICTS, SUCH AS RESTRICTING THE ACTIONS OF PERSONS WITH A CONFLICT BY PROHIBITING THEM FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATION AND DECISIONS FOR A PARTICULAR ISSUE. FORM 990, PART VI, SECTION B, LINE 15A CRRA USES COMPARABILITY DATA (FROM FORMS 990 OF OTHER ORGANIZATIONS AND BY COMPENSATION STUDIES OF OTHER SIMILARLY SIZED REALTOR(R) ASSOCIATIONS) TO DETERMINE THE SALARY OF THE CEO. AFTER AN ANNUAL PERFORMANCE REVIEW OCCURS, COMPARABILITY DATA IS REVIEWED TO DETERMINE IF ANY PAY CHANGE IS DEEMED WARRANTED. THE INDIVIDUALS APPROVING THE COMPENSATION AND THE DATA UPON WHICH THEY RELY IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE INTERNAL WEBSITE FOR MEMBERS TO LOGIN AND VIEW. CHARLOTTE REGIONAL REALTOR HOUSING OPPORTUNITY FOUNDATION 1120 PEARL PARKWAY SUITE 200 CHARLOTTE NC 28204 561609175 SUPPORT & FUNDING FOR AFFORDABLE HOUSING OPPORTUNITIES NC 501(C)(3) LINE 7 CHARLOTTE REGIONAL REALTOR(R) ASSOCIATION 1 CAROLINA MULTIPLE LISTING SERVICES INC 1120 PEARL PARKWAY SUITE 200 CHARLOTTE NC 28204 561731051 MULTIPLE LISTING SERVICE NC CHARLOTTE REGIONAL REALTOR(R) C 17628756 24174674 1.00000 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 CAROLINA MULTIPLE LISTING SERVICES INC A 805200 CASH CAROLINA MULTIPLE LISTING SERVICES INC A 519455 CASH CHARLOTTE REGIONAL REALTOR HOUSING OPPORTUNITY FOUNDATION B 277684 CASH CAROLINA MULTIPLE LISTING SERVICES INC Q 3379093 CASH