Minnesota Association Of Mortgage Brokers

Organization Overview

Minnesota Association Of Mortgage Brokers is located in Plymouth, MN. The organization was established in 1993. 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. Minnesota Association Of Mortgage Brokers 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 12/2022, Minnesota Association Of Mortgage Brokers generated $139.0k 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 (4.8%) each year. All expenses for the organization totaled $137.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

TO PROMOTE PROFESSIONALISM AMONG THE MEMBERS AND PROVIDE ETHICAL AND PROFESSIONAL STANDARDS FOR MORTGAGE BROKERS.


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Board, Officers & Key Employees

Name (title)Compensation
Julia Koski
President
$0
James Essen
Pres Elect
$0
Steve Rice
Treasurer
$0
Mike Elwell
Secretary
$0
Sarah Johanns
Director
$0
Scott Flaherty
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$54,031
Membership dues$76,397
Investment income $0
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$8,551
Total Revenue$138,979

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