The Tennessee Mortgage Bankers Association
- Assets
- $174.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1990
- Data as of
- 12/2022
- EIN
- 62-1318905
Organization Overview
The Tennessee Mortgage Bankers Association is located in Memphis, TN. The organization was established in 1990. 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. Tennessee Mortgage Bankers 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 12/2022, Tennessee Mortgage Bankers Association generated $180.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $170.9k during the year ending 12/2022. While expenses have increased by 21.7% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE 0
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Fellows Immediate Past President | 2 | $0 | |
Debbie Gadberry President | 2 | $0 | |
Todd Brown President Elect | 2 | $0 | |
David Menke Vice President | 2 | $0 | |
Katie Clements Director | 1 | $0 | |
Tiffany Searcy Wright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,648 |
| Total Program Service Revenue | $90,355 |
| Membership dues | $41,475 |
| Investment income | $47 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $26,602 |
| Total Revenue | $180,127 |
| 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 | $27,088 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $185 |
| Other expenses | $133,608 |
| Total expenses | $170,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $174,083 |
| Other assets | $0 |
| Total assets | $174,493 |
| Total liabilities | $9,025 |
| Net assets or fund balances | $165,468 |