2021-11-03T14:16:06-05:00 2020-12-31 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2020-01-01 560174058 CHARLOTTE REGIONAL REALTOR ASSOCIATION INC CHAR 7043720911 1120 PEARL PARKWAY NO 200 CHARLOTTE NC 28204 ANNE MARIE DECATSYE CEO 7043720911 2021-10-28 1 ANNE MARIE DECATSYE 999009999 AMANDA ADAMS P00748038 7043771678 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z CANOPY REALTOR ASSOCIATION ANNE MARIE DECATSYE 1120 PEARL PARKWAY NO 200 CHARLOTTE NC 28204 13942172 0 X WWW.CAROLINAHOME.COM X 1962 NC TO LEAD, EDUCATE, AND EQUIP MEMBERS TO BE PRODUCTIVE. 16 16 48 250 137415 108744 0 0 4534514 4884664 3385458 84762 7654955 8162955 15574927 13132381 282823 294430 0 0 4585984 5040374 0 0 0 3696428 3061585 8565235 8396389 7009692 4735992 48806648 53517006 7948687 7869694 40857961 45647312 THE CHARLOTTE REGIONAL REALTOR(R) ASSOCIATION ("CRRA") IS A TRADE ASSOCIATION SERVING MEMBERS IN MECKLENBURG, IREDELL AND HAYWOOD COUNTIES. CRRA'S MISSION IS TO LEAD, EDUCATE, AND EQUIP MEMBERS TO BE PRODUCTIVE. AT DECEMBER 31, 2020, CRRA HAD 13,610 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 21 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 ANNE MARIE DECATSYE 7043720911 1120 PEARL PARKWAY SUITE 200 CHARLOTTE NC 28204 JOHN KINDBOM PRESIDENT 5.00 5.00 X X 12000 0 900 BRENDA HAYDEN PAST PRESIDENT 5.00 5.00 X X 9000 0 1180 DAVID KENNEDY PRESIDENT-ELECT 5.00 5.00 X X 2000 0 1180 CINDI HASTINGS TREASURER 5.00 5.00 X X 2000 0 1180 DAVID DEAL SECRETARY 5.00 5.00 X X 2000 0 1180 ARIC BEALS DIRECTOR 1.50 0.50 X 0 0 1420 TIFFANY JOHANNES DIRECTOR 1.50 0.50 X 0 0 1420 CHARISMA SMITH DIRECTOR 1.50 0.50 X 0 0 1180 LISI WARD DIRECTOR 1.50 0.50 X 0 0 1180 DOTTIE CIARROCCHI DIRECTOR 1.50 0.50 X 0 0 1180 BEVERLY NEWELL DIRECTOR 1.50 0.50 X 0 0 1180 JULIE TACHE DIRECTOR 1.50 0.50 X 0 0 1180 DAVID WILLETT DIRECTOR 1.50 0.50 X 0 0 1420 ALLEN DARGINS DIRECTOR 1.50 0.50 X 0 0 1420 ERIC NORMAN DIRECTOR 1.50 0.50 X 0 0 1180 JOSH TUCKER DIRECTOR 1.50 0.50 X 0 0 1180 ANNE MARIE DECATSYE CHIEF EXECUTIVE OFFICER 20.00 20.00 X 329000 0 43111 MICHELLE MCCOOL CHIEF FINANCIAL OFFICER 20.00 20.00 X 135165 0 21793 STEVE BYRD CHIEF TECHNOLOGY OFFICER 20.00 20.00 X 170350 0 28628 661515 0 113092 3 0 1 0 0 MEMBERSHIP INCOME 900099 2834185 2834185 SUPRAKEY INCOME 900099 1193620 1193620 EDUCATION INCOME 611430 842458 842458 SPONSORSHIPS 900099 14401 14401 4884664 84762 84762 1010442 721131 289311 289311 57465 231846 97170 88660 8510 -3785 12295 MANAGEMENT FEES 561000 4381485 4381485 NET INCOME FROM WHOLLY OWNED SUB 900099 3341539 3341539 ADVERTISING 541800 46275 46275 95835 74455 21380 7865134 13132381 8143199 137415 4851767 294430 774607 3116088 233169 663494 253016 11407 65787 312777 278456 163032 407666 210342 48769 536615 75985 EDUCATIONAL PROGRAMS 727316 MEMBER EVENTS 81581 DUES & SUBSCRIPTIONS 51924 INCOME TAXES 32356 57572 8396389 5446025 6350790 962993 1313161 37589 30366 142497 161240 357619 343464 25451509 1576124 24302301 23875385 3256626 3394577 350000 14300998 17698023 48806648 53517006 2899120 3007841 1055730 976422 3970252 3543864 23585 341567 7948687 7869694 X 40857961 45647312 40857961 45647312 48806648 53517006 4735992 53359 0 X 0 1 X 1 0 0 0 0 2194685 82770 82770 0 82770 325000 1869150 2194150 20694993 1402475 19292518 567566 38464 529102 1994800 135185 1859615 23875385 DEFERRED TAX ASSET 107443 INVESTMENT IN SUBSIDIARY 16810654 DUE FROM AFFILIATE ORGANIZATIONS 779926 17698023 OTHER LIABILITIES 16567 DUE TO AFFILIATE ORGANIZATIONS 325000 341567 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, 2020 AND 2019 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) 272509 GENERAL OPERATING SUPPORT 1 0 PART I, LINE 2: CHARLOTTE REGIONAL REALTOR ASSOCIATION, INC. ("CRRA") PROVIDES FUNDING TO ITS RELATED 501(C)(3) CHARITABLE ORGANIZATION (CHARLOTTE REGIONAL REALTOR ASSOC HOUSING OPPORTUNITY FOUNDATION) ANNUALLY. THE PROPOSED ANNUAL CONTRIBUTION IS APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS. X X X 0 0 0 ANNE MARIE DECATSYE CHIEF EXECUTIVE OFFICER 309000 0 20000 0 0 0 21375 0 21736 0 372111 0 0 0 STEVE BYRD CHIEF TECHNOLOGY OFFICER 170350 0 0 0 0 0 12776 0 15852 0 198978 0 0 0 MICHELLE MCCOOL CHIEF FINANCIAL OFFICER 135165 0 0 0 0 0 10137 0 11656 0 156958 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 15550232 20836727 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 1193620 CASH CHARLOTTE REGIONAL REALTOR HOUSING OPPORTUNITY FOUNDATION B 272509 CASH CAROLINA MULTIPLE LISTING SERVICES INC L 4107054 CASH CHARLOTTE REGIONAL REALTOR HOUSING OPPORTUNITY FOUNDATION L 274430 CASH