2017-10-12T15:46:24-05:00 2016-12-31 560574444 CHERRY BEKAERT LLP 1075 Peachtree Street NE Suite 2200 Atlanta GA 30309 990 2016-01-01 560174058 Charlotte Regional Realtor(R) Association Inc CHAR 7043720911 1201 Greenwood Cliff Suite 200 Charlotte NC 28204 ANNE MARIE DECATSYE CEO 7043720911 2017-10-02 1 Amanda Adams P00748038 4042090954 40.139.205.238 2017-10-02 11:07:22 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B40981BB26319A083A7BBD4C75A55EB3F633C7A 2016 2021-01-29 14:40:06Z ANNE MARIE DECATSYE 1201 GREENWOOD CLIFF SUITE 200 CHARLOTTE NC 28204 10343331 0 X WWW.CAROLINAHOME.COM X 1962 NC To lead, educate, and equip members to be productive. 15 15 38 100 2216790 19095 0 0 3214030 3655637 124832 101690 2800660 4915834 6139522 8673161 247459 278274 0 0 3082363 3478895 0 0 0 2132739 2191821 5462561 5948990 676961 2724171 16593767 18675137 3105282 2486802 13488485 16188335 The Charlotte Regional Realtor(r) Association (CRRA) is a trade association serving members in Mecklenburg and Iredell counties. CRRA's mission is to lead, educate, and equip members to be productive. At December 31, 2016, CRRA had 9,028 members. 0 0 CRRA provides educational opportunities through its Mingle School of Real Estate (Mingle). Mingle offers a variety of NC Real Estate Commission approved post-licensing, continuing education and professional designation courses for its members at a discount. 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 22 0 1 38 1 1 1 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X Anne Marie DeCatsye 7043720911 1201 GREENWOOD CLIFF SUITE 200 CHARLOTTE NC 28204 Maren Brisson-Kuester President 5.00 5.00 X X 12000 0 310 ROGER Parham President-elect 5.00 5.00 X X 9000 0 310 LYNNE BOOTH Acting Past President 5.00 5.00 X X 1500 0 310 JASON GENTRY Treasurer 5.00 5.00 X X 2000 0 310 DAVID DEAL Secretary 5.00 5.00 X X 2000 0 310 Deborah Brigulio Board Member 1.50 0.50 X 0 0 310 Art Cotton Board Member 1.50 0.50 X 0 0 310 Brenda Hayden Board Member 1.50 0.50 X 0 0 310 Mike Hege Board Member 1.50 0.50 X 0 0 310 David Kennedy Board Member 1.50 0.50 X 0 0 310 Valerie Mitchener Board Member 1.50 0.50 X 0 0 310 John Ogburn Board Member 1.50 0.50 X 0 0 310 Billy Shugart Board Member 1.50 0.50 X 0 0 310 Julie Tache Board Member 1.50 0.50 X 0 0 310 Josh Tucker Board Member 1.50 0.50 X 0 0 310 Anne Marie DeCatsye Chief Executive Officer 20.00 20.00 X 270638 0 23833 Michelle McCool Chief Financial Officer 20.00 20.00 X 116076 0 17241 Steve Byrd Chief Technology Officer 4.00 36.00 X 141189 0 14703 Michele McCaskill VP of Risk Management 20.00 20.00 X 100988 0 24005 655391 0 84432 4 0 1 0 Nexsen Pruet LLC 227 W Trade Street 1550 Charlotte NC 28202 LEGAL FEES 147709 1 MEMBERSHIP INCOME 900099 1874863 1874863 EDUCATION INCOME 611430 915024 915024 SUPRAKEY INCOME 900099 720354 720354 Sponsorships 900099 145396 145396 3655637 96190 96190 323899 446745 -122846 -122846 -122846 1051795 1046295 5500 5500 5500 189703 177130 12573 11616 957 MANAGEMENT FEES 561000 3028889 841785 2187104 net income from wholly owned sub 900099 1929529 1929529 advertising 541800 30657 15089 15568 37032 34530 2502 5026107 8673161 3826687 2216790 2629684 278274 458937 2209218 622607 188133 147709 59363 5352 147440 251542 90570 100907 294574 29499 43205 educational programs 751022 Redevelopment of Land 154150 member events 124367 dues & subscriptions 25317 -33196 5948990 1587323 2935785 859510 962018 42112 36315 115543 124329 268732 135152 9149571 3098023 6094670 6051548 3976858 3016285 3649019 5413705 16593767 18675137 1411600 1682556 684123 799654 1009559 0 0 4592 3105282 2486802 X 13488485 16188335 13488485 16188335 16593767 18675137 2724171 -24321 0 X X 0 1 X 1 0 0 1 0 3418415 2385334 5803749 190107 1671857 1724063 137901 189228 175213 14015 855987 792591 63396 438643 406156 32487 6051548 DEFERRED TAX ASSET 12400 DUE FROM AFFILIATES 114694 investment in subsidiary 5286611 5413705 Other Liabilities 4592 4592 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, 2016 and 2015 and, accordingly, no liability has been accrued. 1 HOUSING OPPORTUNITY FOUNDATION 1201 GREENWOOD CLIFF SUITE 200 CHARLOTTE NC 28204 561609175 501(C)(3) 251000 GENERAL OPERATING SUPPORT 1 Part I, Line 2: CRRA provides funding to its related 501(c)(3) charitable organization (the Housing Opportunity Foundation) annually. The proposed annual contribution is approved by the Board of Directors during the annual budget process. X 1 1 X X X X 0 0 0 Anne Marie DeCatsye Chief Executive Officer 270638 0 0 0 0 0 9130 0 14703 0 294471 0 0 0 Steve Byrd Chief Technology Officer 141189 0 0 0 0 0 0 0 14703 0 155892 0 0 0 Part I, Line 1a THE CEO HAS A BUDGETED AMOUNT FOR DISCRETIONARY BUSINESS LUNCHES WHICH SHE IS REQUIRED TO SUBSTANTIATE ON A REGULAR BASIS. 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 15 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. With regards to other officers and highly compensated employees, CRRA participates in an annual salary survey that is offered by a local employment organization as well as comparisons of other similarly sized Realtor(r) associations and MLS salaries. Additionally, CRRA participates in an informal Realtor(r) Association survey on a regional basis to compare not only salaries but also benefits. Lastly, various reports are purchased from professional organizations to compare non-profit salaries on a national basis if pay adjustments exceeding a cost-of-living increase are in question. 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. FORM 990, PART XIi, LINE 2C: The Audit, Budget & Finance Committee is charged with oversight of the annual external audit and selection of the independent accountants. The committee is comprised of at least five members, including the current treasurer who serves as the committee chair. HOUSING OPPORTUNITY FOUNDATION 1201 GREENWOOD CLIFF SUITE 200 CHARLOTTE NC 28204 561609175 SUPPORT & FUNDING FOR AFFORDABLE HOUSING OPPORTUNITIES NC 501C3 7 CHARLOTTE REGIONAL REALTOR(R) ASSOCIATION 1 CAROLINA MULTIPLE LISTING SERVICES INC 1201 GREENWOOD CLIFF SUITE 200 CHARLOTTE NC 28204 561731051 MULTIPLE LISTING SERVICE NC CHARLOTTE REGIONAL REALTOR(R) ASSOCIATION C 9903954 7283511 1.00000 1 1 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 CAROLINA MULTIPLE LISTING SERVICES INC A 307500 CASH caROLINA MULTIPLE LISTING SERVICES INC A 720354 cash HOUSING OPPORTUNITY FOUNDATION B 251000 cash CAROLINA MULTIPLE LISTING SERVICES INC Q 2781293 cash housing OPPORTUNITY FOUNDATION Q 247596 cash