gmar board of directors · web view2020/05/07 · chairman kel svoboda called the gmar directors...

GMAR Board Of Directors

Thursday, May 7, 2020 • 12:00 PM

Meeting via Zoom

Meeting Agenda

1. Welcome & Introductions

A. New Director: Maureen Stallé, Keller Williams

2. Consent Agenda

P 3

Approval

3. Reports

A. Chairman

B. Treasurer

1) March Financials

C. President

D. Departments

1) Government Affairs

2) Professional Standards

E. MLS

P 11

P 15

Information

Approval

Information

Information

Approval

Information

5 Min

5 Min

15 Min

10 Min

15 Min

15 Min

4. Old Business

A. None

5. New Business A. None

6. Adjourn

1:00 PM

Next Directors Meeting: Tuesday, July 7th

* Indicates information will be available at the Directors meeting.Updated: 5/5/2020 12:01 PM

Directors’ Policies

Fiduciary Duty

As a GMAR director, you are a fiduciary of GMAR. That means you have a special legal responsibility in connection with the administration, investment, and care of GMAR and its assets. This requires you to make careful, good-faith decisions in the best interest of GMAR. Your decisions must be made independently and free of any undue influence from any person, organization, or brokerage.

Conflict of Interest Policy

A member of any GMAR decision-making body has a conflict of interest whenever that member is a principal, partner, or corporate officer of a business providing, or being considered as a provider of, products or services to GMAR.

Members with a conflict of interest must immediately disclose such conflict of interest prior to participating in any discussions or vote of a GMAR decision-making body that pertains to the GMAR. Such members may not participate in any discussions related to the GMAR other than to respond to questions asked of them by other members of the body. A member may not vote on any matter in which the member has a conflict of interest.

GMAR Board Of DirectorsConsent Agenda

1. It is moved, seconded and carried to approve the minutes of the Board of Directors meeting from March 19, 2020.p. 4

2. It is moved, seconded and carried to approve of the 94 new members who have applied to become members of the GMAR and paid the appropriate fees.p. 10

GREATER MILWAUKEE ASSOCIATION OF REALTORS®

BOARD OF DIRECTORS MEETING MINUTES

Thursday, March 19, 2020 • 12:00 PM

Meeting Via WebEx

1. Call to Order

Chairman Kel Svoboda called the GMAR Directors meeting to order at 10:00 AM with a quorum present for the transaction of business.

Present: Kel Svoboda, Chair; Amy Curler, Past-Chair; Courtney Stefaniak, Chair-Elect; Kim Curtis, Secretary/Treasurer; Kathy Martello, Joe Horning, Ted Dentice, Arthur Mays, Roger Rushman, Jeremy Rynders, Angela Walters, Mark Kivley, Gary Swittel, Sarah Cole, Judy Hearst

Staff Present: Mike Ruzicka, President; Scott Bush, VP Operations; Marne Stück, GAD; Amanda Falk, Promotions Director; Chris Carrillo, CEO, Metro MLS

Excused: Maureen Stallé

Guest(s): Jenny Tarkowski, Wegner CPAs

2. Consent Agenda

A. Approve the minutes of the Board of Directors meeting from January 16, 2020.

B. Approve of the 289 new members who have applied to become members of the GMAR and paid the appropriate fees.

M/S/C to approve Consent Agenda.

3. Reports

A. Chairman’s Report

In the interest of time no report was given.

B. Treasurer’s Report

1) Jenny Tarkowski, Wegner CPAs

2019 GMAR Audit.

Mrs. Tarkowski gave a presentation to the Directors on the 2019 audit.

No adjustments were made to the financial statements for 2019. Mrs. Tarkowski stated that the GMAR/WRA staff was forthcoming with the information they needed.

Anyone interested in reviewing the GMAR audit should contact the GMAR office for a copy.

2) Mike Ruzicka reported on the January 2020 GMAR financials:

Statement of Financial Position (Balance Sheet)

As of January 31, 2020, GMAR had $2,706,052 in Cash & Investment Balances, up $255,232 compared to last year.

Accounts receivable were up $54,741 compared to last year primarily due to outstanding Home and Garden receivables. Prepaid expenses were up $24,154 compared to 2019 primarily due to the allocation of the Bell Bank lease commission to subsequent years.

Fixed Assets increased by $65,730.

Total Assets were $4,862,755 which is up $399,858 compared to 2019.

On the Liability side, accounts payable were up $5,627 compared to last year. Accrued vacation expenses were up $741. Overall, Total Liabilities were $884,638 which is down $12,432 compared to 2019.

GMAR has a Net Gain of $1,933,016 through January 31, 2020, up $88,753 from last year. Overall, Total Net Assets were $3,978,117; $412,290 higher than the same point in 2019.

Statement of Activities

Membership: Through January 2020, $1,548,814 was collected in dues. Last year through the end of January we had collected $1,588,614 in dues, so dues are $39,800 behind last year at the same time. GMAR had an 92% renewal based on number of members billed. New member budget for 2020: 500 REALTORS®, 50 DRs and 20 Affiliates. Through January, actual new members: 85 REALTORS®, 1 DRs and 3 Affiliates.

Promotions: Through January 31, Home and Garden Show income is $695,059 and expenses are $169,530 for a net income of $525,529. These numbers will change dramatically over the next several months. Budgeted net income for the Show is $254,200.

Expenses related to Public Policy and Professional Standards are basically all personnel costs, incurring expenditures primarily in Labor and Overhead. The only significant expense is an event deposit.

The Leadership section includes expenditures for meetings, committees, officer expenses, strategic planning, NAR Home Buyer and Seller survey and NAR meetings. The main expenses recorded through January were memberships and expenses for the president, sponsorships, and travel expenses for the chair.

The Administrative section includes investment and rental income and expenses for professional fees, salaries, fringe benefits, building, insurance, occupancy, property taxes, general office expenses and depreciation.

The bottom line shows Excess Receipts Over Expenditures of $1,933,016. Last year our net income was $1,844,264 for the same time period. The most significant reason for this change was an increase in Home and Garden net income; this increase is mostly due to when expenses and income were recorded and will almost certainly change in the next month or two.

M/S/C to approve the unaudited Statement of Financial Position (Balance Sheet) and Statement of Activities as of January 31, 2020 and recommend placing on file for audit.

3) Mr. Ruzicka reported on the 2020 GMAR Budget:

With the effective closure of most social events, businesses, and schools due to the coronavirus pandemic, the GMAR decided to cancel the 2020 Home & Garden Show in Friday, March 13th.

The effect of the cancellation is that the GMAR will refund income totaling $755,606 ($721,530 in booth fees, $25,676 in VIP Tickets, $7,600 in advertising and $800 in tickets).

Expenses the GMAR incurred from the show totaled $373,724. The Association was able to move $240,249 into 2021 HGS expenses. $92,259 in advertising was spent, but some of it will, hopefully, be refunded. $4,217 was refunded by vendors, $27,315 was spent on miscellaneous items (i.e. VISA/MC fees). $24,158 was saved from contracts not yet signed.

The budget impact appears to be a loss of $244,200 of net income from the show plus $119,575 in expenses on the 2020 show, for a total loss of $363,775.

Additionally, the initial 2020 budget was passed with a negative $64,054 balance – under the premise that (in January) 2020 was proceeding well and the Association would make it up during the year.

Therefore, the total negative number for the 2020 budget appears to be $427,831.

4. President’s Report

Mike Ruzicka reported the following in addition to his written memorandum to the Board of Directors:

GMAR Strategic Plan

Mr. Ruzicka updated the Directors of the status of the GMAR’s “That’s Who We R” campaign.

The Association commissioned Waterstreet Creative to come up with a $50,000 effort. Waterstreet Creative campaign focused on 1st time buyers (21-44 years old) utilizing digital, radio, outdoor and an HGS booth. A significant portion of the campaign was spent on media relations as well, creating media opportunities for TV, radio, and internet news services to cover REALTORS®.

Waterstreet Creative created a landing page on the GMAR.com website, “WeAreGMAR.com”, “WeRgmar.com” and “FindYourMkeRealtor.com.” Anyone who goes to the site will have access to downloadable fliers and videos about the importance of REALTORS® and the value they provide.

The Association also continued its support of the Milwaukee Relocation handbook, with a “That’s Who We R” ad.

Part of the “That’s Who We R” campaign will highlight how involved REALTORS® are in their communities. A recent survey the GMAR conducted shows that 80% of member are involved in, on average, 5 local non-profits. And, 33% donate between $100-$200/month.

The GMAR postponed the start of the campaign, as much as possible, into April, due to the pandemic slowing the market and taking the general public’s attention away from real estate.

5. Departments

A. Government Affairs

Marne Stuck reported:

· Town of Mukwonago impact fee proposal

· MPS Referendum – Public Policy Task Force recommends GMAR support

M/S/C to approve of the PPTF recommendation.

B. Professional Standards

Scott Bush reported the following:

· Mr. Bush said the volume of phone calls he usually receives from members has dropped dramatically. He believes it is a temporary pause.

· Seven ethics hearings have been cancelled, which will have to be rescheduled in the near future.

· The GMAR will continue to enforce the Code of Ethics during the pandemic, particularly given that the governor has deemed real estate an essential service.

6. MLS

Chris Carrillo, MLS CEO, discussed:

· Showings, listings and sales are continuing.

· Some sellers are hesitant to have people in their homes, and MLS has allowed a temporary exemption for REALTORS® to NOT show a property that is listed in the system.

· Mr. Carrillo stated that the MLS will not go beyond Governor Evers’ “Safer at Home” orders, regarding the number of people allowed in open houses, etc. Stating that brokers should set policies for their agents.

7. Old Business

A. None

8. New Business

A. None

9. Adjourn

The meeting adjourned at 11:34 AM

Respectfully Submitted,

Mike Ruzicka

President/CEO

Reviewed by:

__________________________________________

Kim Curtis

Secretary/Treasurer

New Member Report

94 New Members joined March 12 – April 29, 2020 for approval (DR's - 29, R's - 256, A's - 4)

FIRST

LAST

COMPANY

Isaiah

Adams

VINEYARD REAL ESTATE, LLC

Nicholas

Ansay

POWERS REALTY GROUP~SHOREWOOD

Richard

Awosika

BROADWAY REALTORS

Francisco

Ayala

RETHOUGHT REAL ESTATE

Kieana

Basilotto

SHOREWEST, REALTORS~MEADOWBROO

Angel

Beltran

SHOREWEST, REALTORS~SOUTH METR

Kristin

Boritzke

KELLER WILLIAMS REALTY~LAKE CO

Michael

Brost

BERKSHIRE HATHAWAY HOMESERVICE

Crystal

Bucio

RE/MAX LAKESIDE~CAPITOL

Mariah

Carter

IDEAL

Shannon

Cooper


Jacob

D'Acquisto

WHITE PINE REAL ESTATE

John

Dahmen

ROCKMOR REALTORS, LLC

Stephanie

Davis Williams


James

Dieter

EXP REALTY, LLC~MKE

Jill

Dittrich Lackney

MILWAUKEE EXECUTIVE REALTY

Scott

Douglas

RE/MAX LAKESIDE~CAPITOL

Tyra

Estava

KELLER WILLIAMS REALTY~MILW N

Michael

Fagan

KLOSE REALTY LLC

Linda

Fassbender


Eloy

Feliz Mendez

NEXTHOME MY WAY

Nicole

Geske

Z REALTY LLC

Carlissa

Glenn


Dana

Grabovac-Ircink


Tamieka

Grundl

RE/MAX GALLERY

Shelby

Haase

FIRST WEBER INC~DLF

Brande

Harding

KELLER WILLIAMS REALTY MILW SW

Sherron

Harris

FIRST WEBER INC~BK

Charlotte

Hayslett

IDEAL

Misti

Henry

JASON SCOTT REALTY & MANAGEMEN

Brenda

Hidalgo


Stephanie

Hudson

SHOREWEST, REALTORS~MORELAND

Paul

Ihrcke

LANDRO FOX CITIES REALTY

Shannon

Johnson

MILWAUKEE'S BEST REAL ESTATE S

Jatinderbir

Kahlon

CENTURY 21 AFFILIATED~OAK CREE

Jennifer

Konop

BLUEBELL REALTY

Brenda

Kowalczyk


Kimberly

Laufer

LEITNER PROPERTIES

Jeremy

Lee

PREMIER POINT REALTY LLC

Jaclynne

Lopez


Edward

Martin


Daniel

May


Melissa

McNulty

SHOREWEST, REALTORS~N OAKLAND

Angela

McPhail

CENTURY 21 AFFILIATED~DELAFIEL

Kristy

Miller

KIRCHOFF GROUP

Karsen

Mitsche

EXP REALTY, LLC~MILW

Mickelina

Moore


Leah

Moore

KRAMER GROUP, LLC

Brian

Mueller


Kathleen

Mueller


Margaret

Mulqueen


Hyacinth

Nembhardt

ONE DAY REAL ESTATE SERVICES

Alicia

Neweil


Laura

Nimphius

SHOREWEST, REALTORS~NEW BERLIN

Lindsay

Oystrick

SHOREWEST, REALTORS~DOWNTOWN

Paul

Pembroke

REDFIN INC.

LaqWhitney

Perry

EMPOWERMENT REALTY GROUP LLC

Caroline

Phoenix

MODERN MILWAUKEY REAL ESTATE L

Andy

Pope

EXIT REALTY HORIZONS

Michelle

Powell

OWNERS.COM

Sherrie

Reuter

RE/MAX REALTY 100~M FALLS

Selenia

Rodriguez

HOMEWIRE REALTY

Andrew

Rodriguez


Tristan

Rohde

SHOREWEST, REALTORS~W NORTH

Patrick

Roob

EXSELL REAL ESTATE EXPERTS LLC

Ursula

Russo


Jacklyn

Rynish-Knapp


Jennifer

Schneeberg

EXP REALTY, LLC~MKE

Rajaram

Sellakaruppan


William

Sieving

SHOREWEST, REALTORS~MEADOWBROO

Aaron

Singstock

HOMESTEAD REALTY INC~MILWAUKEE

Morgan

Smith

REALTY EXECUTIVES INTEGRITY~BR

Daniel

Speich

SHOREWEST, REALTORS~NEW BERLIN

Donna

Spencer

IDEAL

Jacqueline

Spillius


Stacey

Stackhouse

NEIGHBORHOOD ASSISTANCE CORP

Lillie

Stark

LILLIE B. STARK R E BROKERAGE

Audrey

Stradinger


Alexandra

Swezey

COLDWELL BANKER RESIDENTIAL BR

Joshua

Szentes

CHERRY HOME REALTY LLC

Kavin

Tedamrongwanish

WOLFPACK REALTY ROUP

Jose

Torres Feliciano

NEXTHOME MY WAY

Laura

Troka-Zaddack


Maritza

Valentin

VINEYARD REAL ESTATE, LLC

Alexandre

Vieira


Shawn

Vollmer


Charles

Walter

FIRST WEBER INC~BK

Brittany

Wankowski


Susan

Watkins

OGDEN, THE REAL ESTATE COMPANY

Kent

Whitney

NEIGHBORHOOD ASSISTANCE CORP

Tameka

Winters


Alexander

Woyte


Terese

Wutke

COLDWELL BANKER RESIDENTIAL BR

Linda

Zarling

SHOREWEST, REALTORS~MNM FALLS

Membership categories: DR = Designated REALTOR®, R = REALTOR®, RN = REALTOR® No National; A = Affiliate, AC = Affiliate Corporate, LAC = Local Affiliate Corporate, LACC = Local Affiliate Corporate Contact

*Includes former GMAR members who had to rejoin the GMAR as new members.

March 2020 Financial Notes

Statement of Financial Position

As of March 31, 2020, GMAR had $2,020,850 in Cash & Investment Balances, down $151,496 compared to last year.

Accounts receivable were down $44,132 compared to last year. Prepaid expenses were up $37,493 compared to 2019 primarily due to the allocation of the Bell Bank lease commission to subsequent years.

Fixed Assets increased by $64,539.

Total Assets were $3,896,325 which is down $93,597 compared to 2019.

On the Liability side, accounts payable were up $4,841 compared to last year. Accrued vacation expenses were up $741. Overall, Total Liabilities were $523,730 which is up $26,289 compared to 2019.

GMAR has a Net Gain of $1,322,495 through March 31, 2020, down $443,423 from last year. Overall, Total Net Assets were $3,372,595; $119,886 lower than the same point in 2019.

The primary factor in every significant decrease listed above was the cancellation of the Home and Garden Show due to COVID-19.


Membership: Through March 2020, $1,631,634 was collected in dues. Last year through the end of March we had collected $1,657,821 in dues, so dues are $26,187 behind last year at the same time. GMAR had a 92% renewal based on number of members billed. New member budget for 2020: 500 REALTORS®, 50 DRs and 20 Affiliates. Through March, actual new members: 237 REALTORS®, 9 DRs and 3 Affiliates.

Promotions: Through March 31, Home and Garden Show income is $507,292 and expenses are $327,272 for a net income of $180,020. In mid-March the Home and Garden Show was cancelled due to the COVID-19 pandemic. Over the coming months, almost all of the show’s income will be eliminated, and while many of the incurred expenses will be refunded or applied to next year’s show, there will still be significant expenses and the show will suffer a sizable net loss. Budgeted net income for the Show was $254,200.

Expenses related to Public Policy and Professional Standards are basically all personnel costs, incurring expenditures primarily in Labor and Overhead. The only significant expense is an event deposit and a couple of sponsorships.

The Leadership section includes expenditures for meetings, committees, officer expenses, strategic planning, NAR Home Buyer and Seller survey and NAR meetings. The main expenses recorded through March were memberships and expenses for the president, sponsorships, travel expenses for the chair, and Milwaukee Bucks tickets.

Statement of Financial Position (Balance Sheet)


2020 GMAR Budget

MEMORANDUM

To:GMAR Board of Directors

From:Mike Ruziicka, President

Re:May President’s Report

Date: May 5, 2020

GMAR Membership

Through the first quarter of the year, we have 237 new members, of 500 that we have budgeted. At this point we are 47.4% of the way to our goal.

I would not be surprised if we exceed our 500-agent goal. In 2008 when the Great Recession started, and many businesses and industries shed thousands of workers, the Association actually saw an increase in new members.

Home & Garden Show

The financial impact of the HGS is still being assessed. Exhibitors and other vendors who are due refunds are being processed, although at a slow rate due to everyone working from home.

Nonetheless, the estimate of the loss we estimated at the March Director’s meeting appears to be accurate. The effect of the cancellation is that the GMAR will refund income totaling $755,606 ($721,530 in booth fees, $25,676 in VIP Tickets, $7,600 in advertising and $800 in tickets).

Expenses the GMAR incurred from the show totaled $373,724. The Association was able to move $240,249 into 2021 HGS expenses. $4,217 was refunded by vendors, $27,315 was spent on miscellaneous items (i.e. VISA/MC fees). $24,158 was saved from contracts not signed.

The budget impact appears to be a loss of $244,200 of net income from the show plus $119,575 in expenses on the 2020 show, for a total loss of $363,775.

Additionally, the initial 2020 budget was passed with a negative $64,054 balance – under the premise that (in January) 2020 was proceeding well and the Association would make it up during the year.

Therefore, the total negative number for the 2020 budget appears to be $427,831. We will have a revised budget for the July Directors meeting.

Communications

Communicating with members has essentially been all we have done since the “Safer at Home” order was issued. Since March 20th, with most of the staff working from home, we have sent out 12 special Coronavirus emails in addition to our regular Ethics Exchange and Thursday newsletter, with an open rate of between 40% - 50%.

As the initial phase of the coronavirus pandemic slowed, we pulled back the number of posts and emails we sent, because we were competing with other news outlets (i.e. RISMedia), the WRA’s and NAR’s legal and legislative updates, as well as brokers’ internal communications.

Kel Svoboda, and the Executive Committee, pulled together a Community Support Committee that met via Zoom on March 28th. The goal of the committee was to find ways the GMAR can help members as well as what can be done to help the broader community to continue the “That’s Who We R” campaign. Here are the initial ideas the committee came up with:

1. More info on the federal CARES Act and state resources - - We will continue to publish various resources for members

1. Volunteer opportunities for REALTORS® - - We will provide links for members who want to volunteer in their local areas.

1. Children’s Meal Distribution – Boys & Girls Clubs / Local Service Provider - - We contacted the B&GC to see what their needs are right now.

1. Feature regional restaurants in each newsletter/SM - - Starting with last Thursday’s newsletter, we provided links to sites like “We’re Open” on WTMJ, and also feature various recommendations from members. Last week featured the Executive Committee’s recommendations.

1. Panel Discussion on How to get through tough economic times. - - We were thinking of assembling a group of 4 members who have 25+ years of experience for a Zoom meeting. The people we think would be good are: Jim Somers, Rick Murray, Cindy Fleming, and Dale Marciniak.

During a staff meeting Amanda Falk suggested we promote “We R Here for You” as a spin-off from the “That’s Who We R” campaign. We are thinking of selling some type of item (i.e. t-shirts) to raise funds for a local charity that is furthering our collective goals during the pandemic.

One opportunity we may be able to use to advance the “That’s Who We R”/“We R Here for You” theme is by supporting Rochelle Gamauf, broker owner of NextHome Lake Country. Over the last six weeks she has grown an all-volunteer army that provides 2-3 home cooked meals to over 60 people throughout the metropolitan area.

Monica Baer discovered Rochelle’s operation, and the GMAR donated $500 to her last week. Ms. Baer arranged for Fox 6 News to visit the Friday drop off site, where volunteers meet to take meals to those in need.

I’m sure we will think about how we can leverage the “That’s Who We R” campaign in the coming day, and I would love to hear any thoughts you have.

Cancellations

Everything is cancelled! Virtually every event or trip on the GMAR calendar is cancelled for the year.

Most of our events require several weeks of lead-time to find sponsors, have signage printed, etc. The staff is unsure that, if were to reschedule an event now for later this year, if we would be able to actually hold the event. But, if society opens more over the summer, we will look at hosting the Brewers Bash and golf outing.

SentriLock

We are in the process of re-allocating the SentriLock boxes that were distributed to members over the last 18 months. SentriLock told us that we would need to conduct an audit periodically, because members naturally accumulate boxes as they list properties.

Recurring Status Reports

MLS MembershipP 18

GMAR Organizational ChartP 19

2020 GMAR Directors RosterP 20

2020 GMAR CalendarP 21

GMAR Strategic PlanP 23

MLS Membership Statistics

GMAR Organizational Chart

2020 GMAR Board of Directors

Terms expiring

12/31/2020

Terms expiring

12/31/2021

Terms expiring

12/31/2022

Kathy Martello

RE/MAX Realty 100

10303 W Oklahoma Avenue

Milwaukee, WI 53227O 262.255.9200 M 414.550.3617

[email protected]

NRDS: 090031322

(3yr term from Exec Roundtable)

Joe Horning

Shorewest, Realtors

17450 W. North Ave.Brookfield, WI 53045-4337O 262.827.4200

[email protected]

NRDS: 090096259


Maureen Stallé

Keller Williams

205 E Silver Spring Drive

Whitefish Bay, WI 53217

O 414.967.7900 M 414.403.1624

[email protected]

NRDS:


Amy Curler, Past Chair

First Weber Inc (2nd Term)

1720 Clarence Court

West Bend, WI 53095-8543

O 262.335.6280 M 414.550.6849

[email protected]

NRDS: 090019647

Ted Dentice

Shorewest, Realtors (2nd Term)

17450 W. North Ave.Brookfield, WI 53045-4337P 262.827.4200 M 262.289.6230

[email protected]

NRDS: 090017283

Courtney Stefaniak, Chair-Elect

The Stefaniak Group (2nd Term)

2234 S 108th St

Milwaukee, WI 53227-1108

M 262.271-5089

[email protected]

NRDS: 090113039

Arthur Mays

Realty Among Friends (2nd Term)

8301 W Lisbon Ave


O 414.444.2696 M 414.975.7796

[email protected]

NRDS: 090051977

Kim Curtis, Secretary/Treasurer

Shorewest, Realtors (1st Term)

2419 W. Washington St.

West Bend, WI 53095

M 262.707.2363

[email protected]

NRDS: 090060874

Roger Rushman

First Weber Inc. (2nd Term)

2750 Golf Rd, Suite A

Delafield, WI 53018-2063

O 262.646.6800 M 414.333.5313 [email protected]

NRDS: 090015540

Jeremy Rynders (1st Term)

Keller Williams Realty

2665 S Moorland Rd, Suite 104

New Berlin, WI 53151

M 414.795.6675

[email protected]

NRDS: 090118704

Angela Walters (1st Term)

EXP Realty, LLC~MKE

342 N Water St Ste 600


M 414.235.1152

[email protected]

NRDS: 090094348

Mark Kivley (1st Term)

RE/MAX Lakeside

1200 E Capitol Dr Ste 200

Milwaukee, WI 53211

M 414.406.1840

[email protected]

NRDS: 090020696

Gary Swittel (1st Term)

RE/MAX Realty 100

10303 W Oklahoma Avenue

Milwaukee, WI 53227

M 414.232.0930

[email protected]

NRDS: 090031694

Judy Hearst (1st Term)

Coldwell Banker Residential Brkrge

11303 N Port Washington Rd

Mequon, WI 53092-3411

M 414.702.2064

[email protected]

NRDS: 090045822

Sarah Cole (1st Term)

Landmark Realty

3800 S 97th St

Milwaukee, WI 53228

M 414.510.4903

[email protected]

NRDS: 090128495

Kel Svoboda, Chairman

First Weber Inc. (2nd Term)4650 N Port Washington RdGlendale, WI 53212-1077

O 414.962-3000 M 414.213.9014

[email protected]

NRDS: 090098433

Mike – 885500353

Marne – 090082562

Scott – 885500171

2020 GMAR Meetings & Events Calendar

Update: May 5, 2020

January

1GMAR Fiscal Year begins

8GMAR Orientation

9GMAR Executive Committee Meeting/Conference Call

16GMAR Board of Directors Meeting – 12:00 Noon, GMAR Headquarters

23-24WRA Board of Directors Meeting – Madison, WI

24GMAR Youth Foundation Board Meeting – GMAR

28-31Inman Connect New York 2020

February

5REALTOR® & Government Day – Madison, WI

6MLS BOD Meeting – Crowne Plaza Hotel, Wauwatosa

10GMAR Audit – Wegner & Assoc.

12 GMAR Orientation

20Kettle Moraine Council Mardi Gras – The Hitchin’ Post, West Bend

March

4WomenStrong GMAR Women’s Conference – Italian Community Center

11GMAR Orientation


19GMAR Board of Directors Meeting – WebEx

20-2996th REALTORS® Home & Garden Show – Wisconsin Expo Ctr, West Allis, WI

23Marquette Univ & GMAR/WRA Economic Summit – Italian Community Center

April

8GMAR Orientation


29Brewers Bash – Miller Park, Milwaukee, WI

29-5/1Real Trends: Gathering of Eagles, Denver, CO


May

6GMAR Orientation

7MLS BOD Meeting – TBA


8WRA Board of Directors Meeting – WRA Headquarters, Madison, WI

8Deadline for 2020 NAR Committee Applications

11-16NAR REALTORS® Legislative Meetings – Washington, D.C.

June

3GMAR Orientation

6Downtown Diggs

11-12WRA AE Conference – Arbor Vitae, WI


July

1GMAR BOD Candidate Applications available to members

7GMAR Board of Directors Mtg – Ironwood Golf Course

7GMAR Summer Golf Outing – Ironwood Golf Course

15GMAR Orientation


28-31Inman Connect Las Vegas 2020

August

5GMAR Orientation

6-7WRA BOD Meeting – .

17-18NAR Leadership Summit – Chicago, IL (Chair-Elect)

TBAGMAR Nominating Committee Meeting – GMAR Headquarters

31Last day for GMAR BOD Candidates to submit Applications

September

1Nominating Committee notification of BOD Candidates to membership

2GMAR Orientation

3MLS BOD Meeting – TBA

32019 WRA Leadership Summit – WRA

TBAKettle Moraine Council Wine Tasting Event

14-15WRA Convention – Wisconsin Dells, WI



30GMAR Board of Directors Write-In Candidate Deadline

29-10/1CMLS Annual Conference

October

7GMAR Orientation

11-17GMAR Board of Directors e-Election

15GMAR Youth Foundation Board Meeting


November

4GMAR Orientation

5GMAR Youth Foundation Annual Meeting – 11:30 AM, GMAR Headquarters


11-16NAR Convention – New Orleans, LA

December

2GMAR Orientation

2 or 3Chairwoman’s Holiday Party & GMAR Annual Mtg

TBAWRA Management Conference – TBA

31GMAR Fiscal Year ends

26

ABCDEFGHIJK

DIRECTDIRECTOVERHEADTOTALDIRECTDIRECTOVERHEADTOTAL

RECEIPTSEXPENDITURESLABORALLOCATIONEXPENDITURESRECEIPTSEXPENDITURESLABORALLOCATIONEXPENDITURES

*MEMBERSHIP*

DUES$1,780,502$74,244$0$0$74,244$1,666,942$74,550$0$0$74,550

SENTRILOCK$0$432,684$0$0$432,684$0$450,000$0$0$450,000

MEMBER OUTINGS$103,660$111,459$0$0$111,459$104,400$116,220$0$0$116,220

MEMBER SERVICES$2,000$24,750$0$0$24,750$2,000$79,750$0$0$79,750

YOUNG PROF NETWORK$0$3,000$0$0$3,000$5,000$6,000$0$0$6,000

NEW MEMBER ORIENTATION$0$14,550$0$0$14,550$0$10,600$0$0$10,600

KM COUNCIL$830$8,900$0$0$8,900$950$9,125$0$0$9,125

MEMBERSHIP DEPT$0$1,800$0$0$1,800$0$1,050$0$0$1,050

TOTAL MEMBERSHIP$1,886,992$671,387$0$0$671,387$1,779,292$747,295$0$0$747,295

*PROMOTIONS*

HOME AND GARDEN SHOW$915,200$582,964$0$0$582,964$873,500$629,300$0$0$629,300

OTHER SHOWS$750$300$0$0$300$750$300$0$0$300

EDUCATION$5,000$0$0$0$0$5,000$0$0$0$0

YOUTH FOUNDATION$13,000$300$0$0$300$13,000$300$0$0$300

TOTAL PROMOTIONS$933,949$583,564$0$0$583,564$892,250$629,900$0$629,900

*PUBLIC POLICY*

PUBLIC POLICY$1,250$23,385$0$0$23,385$1,250$26,548$0$0$26,548

POLITICAL AFFAIRS$0$0$0$0$0$0$0$0$0$0

PUBLIC AFFAIRS$0$6,000$0$0$6,000$0$7,000$0$0$7,000

TOTAL PUBLIC POLICY$1,250$29,385$0$0$29,385$1,250$33,548$0$33,548

*PROFESSIONAL STANDARDS*

PROFESSIONAL STANDARDS$8,000$3,050$0$0$3,050$8,000$3,250$0$0$3,250

AFFORD HOUSING-FAIR HOUSING$15,000$20,410$0$0$20,410$5,000$19,750$0$0$19,750

PROFESSIONAL STDS DEPARTMENT$0$2,000$0$0$2,000$0$2,000$0$0$2,000

TOTAL PROFESSIONAL STANDARDS$23,000$25,460$0$0$25,460$13,000$25,000$0$25,000

*LEADERSHIP*

NATIONAL MEETINGS$0$62,000$0$0$62,000$0$66,100$0$0$66,100

OFFICER EXPENSES$0$50,700$0$0$50,700$0$52,900$0$0$52,900

MEETINGS$0$8,725$0$0$8,725$0$9,425$0$0$9,425

COMMITTEES$0$24,125$0$0$24,125$0$11,400$0$0$11,400

LEADERSHIP DEPARTMENT$17,000$51,700$0$0$51,700$17,000$48,700$0$0$48,700

TOTAL LEADERSHIP$17,000$197,250$0$0$197,250$17,000$188,525$0$188,525

*ADMINISTRATIVE*

ADMINISTRATIVE$62,154$1,190,856$1,190,856$119,629$1,257,209$1,257,209

ALLOCATIONS OUT$0$0$0$0

TOTAL ADMINISTRATIVE$62,154$1,190,856$0$0$1,190,856$119,629$1,257,209$0$1,257,209

$0$0$0$0$0$0$0$0

CAPITAL OUTLAY$5,000$5,000$5,000$5,000

*TOTAL CASH RECEIPTS & EXP*$2,924,345$2,702,903$0$2,702,903$2,822,421$2,886,477$0$2,886,477

*EXCESS RECEIPTS OVER EXP*$221,443($64,056)

2019 Revised BUDGET 6/192020 Budget

GMAR Board of Directors

President

Mike Ruzicka

• BOD / Exec / Top 10 Liaison

Multiple Listing Service

• Strategic Planning

Chris Carrillo, CEO• Budget / FinanceCommittees:

• Personnel• Nominating Committee

• Awards Committee

Concerned REALTORS

®

PAC

• Professional Standards Committee

Marne Stuck, GAD

• Kettle Moraine Council

Vice President • Young Professionals Network

Scott Bush

• Equal Opportunity

Youth Foundation

• PS / Ethics Enforcement

Scott Bush, Corp Secretary

• New Member OrientationTask Forces:

• Fair Housing• Public Policy

• Veterans Support

• Personnel• Housing Statistics

• REALTOR

®

Safety

VP of Membership ServicesGovernment Affairs DirectorVP of PromotionsFinance

Michelle KohnMarne StuckAmanda FalkWRA

• Membership• Public Policy• HGS

Wegner CPAs

• Educational / Social Events• CRPAC / DG• Communications

• Communications• Political Strategy

Legal

• HGS

Reception Karen BrienzoKathy Gutenkunst

Alberta Dhillon

• HGS

Membership

• Inbound Comm.

Tech Support

WRA

• SentriLockWater Street Creative

Metro MLS, Inc.

Member EngagementCommunications

Valley Expo

Emily SimonelliBaer Carlson (PR)

Gerard Revolinski

• Communications

Stark Media (Website)

• SentriLock

• Educ. / Social Events

• HGS VIP Tix= Contract position

March 31,March 31,

20202019$ Change% Change

Assets:

Cash426,866.88353,848.2673,018.6220.6%

Investments-BMO224,754.39200,945.0323,809.3611.8%

Bankers' Acceptance/ICS Investment1,369,228.451,617,552.61(248,324.16)-15.4%

Money Market0.000.000.000.0%

Accounts Receivable(10,384.79)33,747.58(44,132.37)-130.8%

Prepaid Expenses37,983.08490.2537,492.837647.7%

Total Current Assets2,048,448.012,206,583.73(158,135.72)-7.2%

Fixed Assets (Net of A/D)890,629.07826,090.1464,538.937.8%

MLS Investment957,248.29957,248.290.000.0%

Total Assets3,896,325.373,989,922.16(93,596.79)-2.3%

Liabilities and Fund Balance:

Liabilities:

Accounts Payable43,178.4638,337.164,841.3012.6%

Unearned Revenue38,090.000.0038,090.000.0%

Accrued Expenses61,192.0158,326.182,865.834.9%

Mortgage-Long Term Liability381,269.51400,777.68(19,508.17)0.0%

Total Liabilities523,729.98497,441.0226,288.965.3%

Net Assets:

Net Assets1,821,395.151,491,667.33329,727.8222.1%

General Reserves - 3% Dues7,500.007,500.000.000.0%

Board Designated Reserve Fund211,205.63217,396.27(6,190.64)-2.8%

Board Designated H&G Reserve10,000.0010,000.000.000.0%

Net Revenue (Expense)1,322,494.611,765,917.54(443,422.93)-25.1%

Total Net Assets3,372,595.393,492,481.14(119,885.75)-3.4%

Total Liabilities and Net Assets3,896,325.373,989,922.16(93,596.79)-2.3%

Current YearPrevious YearCurrent Year

3 Months3 MonthsOriginal 2020Current YearCurrent Year

Ending 3/31/20Ending 3/31/19Annual$ Over (Under)% of

ActualActualBudgetBudgetBudget

Receipts:

Dues1,631,634.001,657,820.751,666,942.00(35,308.00)97.9%

Member Outings23,190.0022,440.00104,400.00(81,210.00)22.2%

Member Services934.050.002,000.00(1,065.95)46.7%

Young Prof Network4,500.005,250.005,000.00(500.00)0.0%

New Member Orientation50.000.000.0050.000.0%

Kettle Moraine845.00875.00950.00(105.00)0.0%

Home and Garden Show507,292.00782,754.00873,500.00(366,208.00)58.1%

Other Shows0.000.00750.00(750.00)0.0%

Education350.0011,421.905,000.00(4,650.00)7.0%

Youth Foundation3,249.993,249.9913,000.00(9,750.01)25.0%

Public Policy1,250.001,250.001,250.000.00100.0%

NAR Grant0.000.000.000.000.0%

Wisconsin Real Estate Supply49.640.000.0049.640.0%

Professional Standards2,300.004,400.0013,000.00(10,700.00)17.7%

Investment Invomce (net)1,893.951,915.256,000.00(4,106.05)0.0%

Realized Gain (Loss) *(1,493.67)75.380.00(1,493.67)0.0%

Unrealized Gain (Loss) *(17,174.92)11,547.200.00(17,174.92)0.0%

Administrative25,723.158,893.98113,629.00(87,905.85)22.6%

Total Receipts2,184,593.192,511,893.452,805,421.00(620,827.81)77.9%

Expenditures:

Dues13,752.1215,571.8074,550.00(60,797.88)18.4%

Member Outings34,609.1620,218.14116,220.00(81,610.84)29.8%

Member Services85,253.9077,724.69529,750.00(444,496.10)16.1%

Young Prof Network136.7445.176,000.00(5,863.26)2.3%

New Member Orientation2,202.453,809.2910,600.00(8,397.55)20.8%

Membership Department77.09173.741,050.00(972.91)7.3%

Kettle Moraine3,385.955,654.349,125.00(5,739.05)37.1%

Home and Garden Show327,272.14298,227.26619,300.00(292,027.86)52.8%

Other Shows0.000.00300.00(300.00)0.0%

Education361.251,094.500.00361.250.0%

Youth Foundation30.6625.43300.00(269.34)10.2%

Promo Department935.510.000.00935.510.0%

Public Policy5,896.274,906.3333,548.00(27,651.73)17.6%

NAR Grant0.000.000.000.000.0%

Wisconsin Real Estate Supply200.000.000.00200.000.0%

Professional Standards3,032.53907.7125,000.00(21,967.47)12.1%

National Meetings934.502,226.7766,100.00(65,165.50)1.4%

Officer Expenses21,344.635,164.5552,900.00(31,555.37)40.3%

Meetings1,999.01357.999,425.00(7,425.99)21.2%

Committees12,500.007,194.9711,400.001,100.00109.6%

Leadership Department32,613.987,592.1731,700.00913.98102.9%

Direct Wages/Fixed OH/Variable OH212,961.04207,479.92875,530.00(662,568.96)24.3%

Administrative315,560.69295,081.061,257,209.00(941,648.31)25.1%

Direct Wage,Fixed/Variable OH Alloc(212,961.04)(207,479.92)(875,530.00)662,568.9624.3%

Total Expenditures862,098.58745,975.912,854,477.00(1,992,378.42)30.2%

Net Income (Expense) - Per Audit1,322,494.611,765,917.54(49,056.00)1,371,550.61-2695.9%

gmar board of directors · web view2020/05/07 · chairman kel svoboda called the gmar directors...

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