Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| PART VIII, LINES 7A-C; PART X LINE 11 | Investments are pooled with investments held under the name of Wisconsin Realtors Association. The pooled investments and related investment gains and losses are allocated to Wisconsin Homeowners Alliance based on a weighted average of its cost basis included in the investment pool. The average is then applied to the balance of investments and investment earnings in the investment pool at the end of each month to calculate the portion allocated to Wisconsin Homeowners Alliance. Therefore, the gain (loss) from the sale of securities represents the organization's allocable share. |
| PART VI SECTION A, LINE 6 | THE ORGANIZATION HAS a sole voting MEMBER. |
| PART VI, SECTION B, LINE 11B | The directors of the organization review the audited financial statements. The secretary/treasurer and management review the 990 before it is filed with the Internal Revenue Service. Management emails the 990 to the board of directors and they are given 5 days to review the form before it is filed with the IRS. |
| PART VI, SECTION B, LINE 12C | ANNUALLY, ALL DIRECTORS ARE REQUIRED TO COMPLETE AND SIGN A FORM DISCLOSING ANY CONFLICTS OF INTEREST. THE SIGNED FORMS ARE KEPT ON FILE AT THE WRA OFFICE. IN ADDITION, AT THE BEGINNING OF EACH MEETING, THE CHAIRMAN ASKS THE DIRECTORS IF THEY HAVE ANY CONFLICTS WITH ITEMS ON THE PROPOSED AGENDA. DIRECTORS ALSO SIGN A CONFIDENTIALITY AGREEMENT. |
| PART VI, SECTION C, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| PART VI, SECTION A, LINE 7B | THE SOLE VOTING MEMBER OF THE ORGANIZATION HAS THE POWER TO APPOINT AND REMOVE MEMBERS OF THE BOARD OF DIRECTORS. IN ADDITION, SIGNIFICANT TRANSACTIONS REQUIRE THE PRIOR AUTHORIZATION OR APPROVAL OF THE SOLE VOTING MEMBER. |
| PART VI, SECTION A, LINE 7A | THE VOTING MEMBER APPOINTS THE BOARD OF DIRECTORS. IN ADDITION, THE PRESIDENT AND CHAIRMAN OF THE VOTING MEMBER ARE EX-OFFICIO VOTING MEMBERS OF THE BOARD OF DIRECTORS. |
| PART VI, SECTION B, LINE 12B | ONLY OFFICERS AND DIRECTORS COMPLETE CONFLICT OF INTEREST STATEMENTS. |
| PART VI, SECTION A, LINE 2 | STEVEN LANE AND MICHAEL SPRANGER HAVE A BUSINESS RELATIONSHIP. |
| PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES |
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