Louisiana Mortgage Lenders Association
- Assets
- $68.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 02/2001
- Data as of
- 12/2020
- EIN
- 31-1748909
Organization Overview
Louisiana Mortgage Lenders Association is located in Baton Rouge, LA. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Mortgage Lenders Association 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 12/2020, Louisiana Mortgage Lenders Association generated $13.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.4%) each year. All expenses for the organization totaled $32.5k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION HELD ITS ANNUAL EDUCATION CONFERENCE AS AN ONLINE EVENT IN AUGUST 2020 DUE TO THE COVID-19 PANDEMIC. PLANS ARE FOR THE 2021 CONFERENCE TO BE HELD ONLINE AS WELL.
THE ASSOCIATION HELD ITS ANNUAL EDUCATION CONFERENCE AS AN ONLINE EVENT IN AUGUST 2020 DUE TO THE COVID-19 PANDEMIC. PLANS ARE FOR THE 2021 CONFERENCE TO BE HELD ONLINE AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chiasson Governor | 0 | $0 | |
Dianne Ott Governor | 0 | $0 | |
Keith Delatte Governor | 0 | $0 | |
John Patton Governor | 0 | $0 | |
Jeanne Spell President Elect | 0 | $0 | |
Sandy Whitehead President. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,305 |
| Total Program Service Revenue | $9,334 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,639 |
| 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 | $23,257 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,288 |
| Total expenses | $32,545 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,465 |
| Other assets | $0 |
| Total assets | $68,465 |
| Total liabilities | $0 |
| Net assets or fund balances | $68,465 |
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