Minnesota Chapter Of Rma
- Assets
- $223.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- Data as of
- 08/2017
- EIN
- 51-0172308
Organization Overview
Minnesota Chapter Of Rma is located in Golden Valley, MN. Minnesota Chapter Of Rma 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 08/2017, Minnesota Chapter Of Rma generated $148.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $148.7k during the year ending 08/2017. While expenses have increased by 9.2% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2017
Describe the Organization's Program Activity:
Part 3
TO ADVANCE SOUND RISK PRINCIPLES IN THE FINANCIAL SERVICES INDUSTRY TO IMPROVE INSTITUTIONAL PERFORMANCE AND FINANCIAL STABILITY, AS WELL AS ENHANCE THE RISK COMPETENCY OF INDIVIDUALS THROUGH INFORMATION, EDUCATION, PEER SHARING, AND NETWORKING. EACH YEAR THE RMA MINNESOTA CHAPTER OFFERS THE COMMERCIAL LENDING ACADEMY. SINCE THE PROGRAM'S INCEPTION, OVER 300 LENDERS, CREDIT ANALYSTS AND FINANCIAL INDUSTRY PROFESSIONALS FROM MORE THAN 65 INSTITUTIONS IN THE MIDWEST HAVE GRADUATED FROM THE ACADEMY. OUR PROGRAM PROVIDES A COMPREHENSIVE OVERVIEW TO THE VARIOUS ASPECTS OF THE COMMERCIAL LOAN UNDERWRITING AND MANAGEMENT PROCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Klein President | 1 | $0 | |
Brett Lawrence Vice Preside | 1 | $0 | |
Andy Disch Secretary | 1 | $0 | |
Mackenzie Kelly Director | 1 | $0 | |
Jenny Senecal Treasurer | 1 | $0 | |
Tim Colberg Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $99,445 |
| Membership dues | $48,770 |
| Investment income | $432 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,647 |
| 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 | $6,618 |
| Occupancy, rent, utilities, and maintenance | $1,616 |
| Printing, publications, postage, and shipping | $1,340 |
| Other expenses | $139,113 |
| Total expenses | $148,687 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,543 |
| Other assets | $0 |
| Total assets | $223,269 |
| Total liabilities | $41,890 |
| Net assets or fund balances | $181,379 |
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