Indiana Mortgage Bankers Inc
- Assets
- $158.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrenceburg, IN
- Founding
- 11/1979
- Data as of
- 05/2023
- EIN
- 23-7345226
Organization Overview
Indiana Mortgage Bankers Inc is located in Lawrenceburg, IN. The organization was established in 1979. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Mortgage Bankers Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2023, Indiana Mortgage Bankers Inc generated $198.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $176.7k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
APPROXIMATELY 120 MEMBER COMPANIES BENEFIT FROM THE PROGRAMS PRESENTED BY THE ORGANIZATION FOR THEIR EDUCATION AND MUTUAL GOALS. THE ASSOCIATION NORMALLY HOLDS THREE STATE-WIDE EVENTS EACH YEAR, A CONVENTION, A COMPLIANCE SEMINAR, AND A PRODUCTION MEETING. THE CHAPTERS HOLD SMALLER, SPECIAL MEETINGS DESIGNED TO EDUCATE AND UPDATE THE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Thorup Executive Dir. | 40 | $0 | |
Sally Hardy Director | 1 | $0 | |
Frank Yanko Director | 1 | $0 | |
Ryan Woodruff Director | 1 | $0 | |
Navi Singh Director | 1 | $0 | |
David Nuerge Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,086 |
| Membership dues | $112,058 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4 |
| Total Revenue | $198,148 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,720 |
| Occupancy, rent, utilities, and maintenance | $5,707 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $168,235 |
| Total expenses | $176,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,629 |
| Other assets | $0 |
| Total assets | $158,629 |
| Total liabilities | $0 |
| Net assets or fund balances | $158,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Filene Research Institute Inc Madison, WI | $15,454,499 | $9,098,907 |
American Association Of Individual Investors Chicago, IL | $3,214,356 | $7,103,204 |
Midwestern University Foundation Downers Grove, IL | $93,580,538 | $2,272,539 |
Indiana Mortgage Bankers Inc Lawrenceburg, IN | $158,629 | $0 |
Illinois Ventures For Community Action Springfield, IL | $1,775,904 | $197,111 |
Kentucky Financial Services Association Inc Frankfort, KY | $70,516 | $0 |
Henry Strong Educational Foundation Po Box Chicago, IL | $14,620,410 | $655,702 |
Contractor Loan Fund Inc Saint Louis, MO | $0 | $5,146 |
Elizabeth Malick Edwards Educational Fund In Tr St Louis, MO | $918,798 | $40,113 |
Northwest Wisconsin Business Development Corporation Spooner, WI | $4,208,028 | $100,601 |
Beyond Housing Nhs Community Lending Corporation St Louis, MO | $1,437,673 | $61,455 |
Litchfield Memorial Student Loan Fund Inc Evansville, IN | $671,046 | $17,293 |
Tua Henry S Kimbrough Jefferson City, MO | $383,575 | $18,109 |