TY 2019 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) STEPHANIE JONES......................................................................
SECRETARY/TR

2.00
.................

1,650

(2) BEN ARGALL......................................................................
DIRECTOR

1.00
.................

(3) FREDERICK BIERY......................................................................
DIRECTOR

1.00
.................

(4) CHRISTOPHER GERMAIN......................................................................
PRESIDENT

2.00
.................

(5) MOLLY GREGURASH......................................................................
DIRECTOR

1.00
.................

(6) DAVID JUKURI......................................................................
DIRECTOR

1.00
.................

(7) FAITH NEWBERRY......................................................................
DIRECTOR

1.00
.................

(8) GREGORY OESTREICH......................................................................
DIRECTOR

1.00
.................

(9) JUDITH OWENS......................................................................
PRESIDENT-EL

2.00
.................

(10) CARRIE TORETTA-PARTELLO......................................................................
DIRECTOR

1.00
.................

(11) JOHN WYSSLING......................................................................
DIRECTOR

1.00
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet

	(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	6,722
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......	1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................	2e
3	Subtract line 2e from line 1..................	3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................	4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......	5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........	1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................	2e
3	Subtract line 2e from line 1...................	3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................	4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......	5

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

UPPER PENINSULA ASSOC OF REALTORSI

Employer identification number

38-2377126

Return Reference	Explanation
FORM 990, PAGE 1, ITEM C	UPPER PENINSULA REALTORS
FORM 990 - ORGANIZATION'S MISSION	UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION. THE PURPOSE IS TO EXERT A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST, PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AND PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTEREST WILL BE SAFEGUARDED AND ADVANCED.
FORM 990, PAGE 2, PART III, LINE 4A	MEMBER SERVICES-MULTIPLE LISTING SERVICES ARE PROVIDED FOR MEMBERS. THESE ARE A COMPILATION OF ALL REAL ESTATE PROPERTIES THAT ARE AVAILABLE FOR SALE OR HAVE ALREADY BEEN SOLD. REALTORS GIVE DATA TO UPPER PENINSULA ASSOCIATION OF REALTORS, INC. (UPAR) AND UPAR REVIEWS PRIOR TO POSTING. MEMBERS HAVE ACCESS TO THESE LISTINGS FOR CONDUCTING THEIR BUSINESS AND PROVIDING REAL ESTATE OWNERS THE MEDIUM FOR SELLING AND BUYING REAL ESTATE. ASSISTANCE WITH PRESENTATION OF THE LISTING IS ALSO PROVIDED TO THE MEMBERS. APPROXIMATELY 40% OF TIME IS DEVOTED TO THIS ACTIVITY. THERE WERE 465 MEMBERS THAT RECEIVED THESE SERVICES. MEMBER SERVICES-REALTORS ARE REQUIRED TO ADHERE TO A CODE OF ETHICS. ASSISTANCE IS PROVIDED TO RESOLVE ISSUES OF CONFLICT FOR THE MEMBERS, BUYERS AND SELLERS. APPROXIMATELY 10% OF TIME IS DEVOTED TO THIS ACTIVITY. THERE WERE 465 MEMBERS THAT RECEIVED THESE SERVICES.
FORM 990, PAGE 6, PART VI, LINE 6	THERE ARE 6 CLASSES OF MEMBERS. THERE ARE 2 CLASSES-REALTOR AND AFFILIATE. THERE ARE CURRENTLY NO MEMBERS IN THE REMAINING 4 CLASSES OF MEMBERS. REALTOR MEMBERS ONLY HAVE VOTING RIGHTS.
FORM 990, PAGE 6, PART VI, LINE 7A	THE NOMINATING COMMITTEE SELECTS ONE CANDIDATE FOR EACH POSITION AND OFFICE ON THE BOARD OF DIRECTORS. ADDITIONAL CANDIDATES MAY BE NOMINATED BY A PETITION SIGNED BY AT LEAST 10% OF THE MEMBERS ELIGIBLE TO VOTE. THE ELECTION TAKES PLACE AT THE ANNUAL MEETING AND ALL MEMBERS VOTE.
FORM 990, PAGE 6, PART VI, LINE 11B	THE OFFICERS OF THE BOARD MEMBERS AND EXECUTIVE DIRECTOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
FORM 990, PAGE 6, PART VI, LINE 15A	THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE OFFICERS OF THE BOARD OF DIRECTORS, CONDUCTS AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF THE EXECUTIVE DIRECTOR.
FORM 990, PAGE 6, PART VI, LINE 19	FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9	MARKET VALUE INCREASE 23,842

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: UNITE THOSE ENGAGED IN THE RECOGNIZED BRANCHES OF THE REAL ESTATE PROFESSION. THE PURPOSE IS TO EXERT A BENEFICIAL INFLUENCE UPON THE PROFESSION AND RELATED INTEREST, PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION AND PROVIDE A UNIFIED MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTEREST WILL BE SAFEGUARDED AND ADVANCED.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	11
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	11
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	3
6	Total number of volunteers (estimate if necessary) .............	6
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	10,000	0
9	Program service revenue (Part VIII, line 2g) .........	594,819	544,560
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	7,852	3,135
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	15,311	2,430
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	627,982	550,125
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	8,500	1,500
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	178,654	169,677
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	317,251	313,982
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	504,405	485,159
19	Revenue less expenses. Subtract line 18 from line 12.......	123,577	64,966
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	685,714	765,448
21	Total liabilities (Part X, line 26).............	222,338	213,264
22	Net assets or fund balances. Subtract line 21 from line 20.....	463,376	552,184

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 328,774 including grants of $ 1,500 ) (Revenue $ )
	MEMBER SERVICES-MULTIPLE LISTING SERVICES ARE PROVIDED FOR MEMBERS. THESE ARE A COMPILATION OF ALL REAL ESTATE PROPERTIES THAT ARE AVAILABLE FOR SALE OR HAVE ALREADY BEEN SOLD. REALTORS GIVE DATA TO UPPER PENINSULA ASSOCIATION OF REALTORS, INC. (UPAR) AND UPAR REVIEWS PRIOR TO POSTING. MEMBERS HAVE ACCESS TO THESE LISTINGS FOR CONDUCTING THEIR BUSINESS AND PROVIDING REAL ESTATE OWNERS THE MEDIUM FOR SELLING AND BUYING REAL ESTATE. ASSISTANCE WITH PRESENTATION OF THE LISTING IS ALSO PROVIDED TO THE MEMBERS. APPROXIMATELY 40% OF TIME IS DEVOTED TO THIS ACTIVITY. THERE WERE 465 MEMBERS THAT RECEIVED THESE SERVICES. MEMBER SERVICES-REALTORS ARE REQUIRED TO ADHERE TO A CODE OF ETHICS. ASSISTANCE IS PROVIDED TO RESOLVE ISSUES OF CONFLICT FOR THE MEMBERS, BUYERS AND SELLERS. APPROXIMATELY 10% OF TIME IS DEVOTED TO THIS ACTIVITY. THERE WERE 465 MEMBERS THAT RECEIVED THESE SERVICES.

4b	(Code: ) (Expenses $ 106,801 including grants of $ ) (Revenue $ )
	MEMBER SERVICES-MEMBER EDUCATION IS PROVIDED FOR MEMBERS ONE TO THREE TIMES EACH YEAR. EXAMPLES OF EDUCATION CONTENT ARE LEGAL UPDATES AND CONTINUING EDUCATION CONSISTING OF RELEVANT TOPICS. THESE ARE OFFERED TO ASSIST IN MEETING STATE OF MICHIGAN LICENSING REQUIREMENTS. APPROXIMATELY 40% OF TIME IS DEVOTED TO THIS ACTIVITY.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses435,575

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,650

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	MEMBERSHIP DUES	531390	274,996	274,996
b	MULTIPLE LISTING SERVICES	531390	251,462	251,462
c	MEMBER EDUCATION	531390	7,132	7,132
d	LOCK BOX SERVICES	531390	6,550	6,550
e	MLS FEES	531390	4,420	4,420
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		544,560

3 Investment income (including dividends, interest, and othersimilar amounts) ......			3,135	3,135
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents		20,575	6a
b	Less: rental expenses		22,898	6b
c	Rental income or (loss)		-2,323	6c
d	Net rental income or (loss).......			-2,323	-2,323
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISCELLANEOUS		531390	4,753	4,753
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			4,753
12	Total revenue. See instructions.....			550,125	550,125

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....	1,500	1,500
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	146,484	131,836	14,648
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......	8,772	7,895	877
10	Payroll taxes ...........	14,421	12,979	1,442
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	869	869
c	Accounting ...........	3,825		3,825
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......	9,130	8,216	914
14	Information technology ......
15	Royalties ..
16	Occupancy ...........	25,568	23,012	2,556
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	37,695	15,813	21,882
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	9,399	8,459	940
23	Insurance ...	135	122	13
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	MULTIPLE LISTING SERVICES	86,433	86,433
b	LOCK BOX	81,883	81,883
c	DUES	35,414	35,414
d	TECHNOLOGY	13,185	12,760	425
e	All other expenses	10,446	8,384	2,062
25	Total functional expenses. Add lines 1 through 24e	485,159	435,575	49,584	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........				1
2	Savings and temporary cash investments .........			263,127	2	283,368
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............				4
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
					5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
					6
7	Notes and loans receivable, net ...........			1,196	7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......				9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	498,182
b	Less: accumulated depreciation	10b	154,150	310,118	10c	344,032
11	Investments—publicly traded securities .			111,273	11	138,048
12	Investments—other securities. See Part IV, line 11 .....				12
13	Investments—program-related. See Part IV, line 11 ..				13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........				15
16	Total assets. Add lines 1 through 15 (must equal line 33)...			685,714	16	765,448

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..	215,774	23	206,542
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	6,564	25	6,722
26	Total liabilities. Add lines 17 through 25..	222,338	26	213,264

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	461,876	27	552,184
28	Net assets with donor restrictions ...........	1,500	28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	463,376	32	552,184
33	Total liabilities and net assets/fund balances ........	685,714	33	765,448

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

1a	Land .....		38,400		38,400
b	Buildings ....		270,237	67,383	202,854
c	Leasehold improvements
d	Equipment ....		30,474	22,710	7,764
e	Other .....	159,071		64,057	95,014
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..					344,032

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)