Tennessee Mortgage Bankers Association Education Trust Fund
- Assets
- $109.6k
- Revenue
- $3.0
- Investments
- $105.2k
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 01/1991
- Data as of
- 05/2023
- EIN
- 62-1427379
Organization Overview
Tennessee Mortgage Bankers Association Education Trust Fund is located in Memphis, TN. The organization was established in 1991. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education 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 Education Trust Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Tennessee Mortgage Bankers Association Education Trust Fund generated $3.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (55.0%) each year. All expenses for the organization totaled $12.0k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karley Bond Director | 1 | $0 | |
Jeff Devereaux President | 1 | $0 | |
Retta Gardner Secretary | 1 | $0 | |
Eric Fellows Director | 1 | $0 | |
Jeff Tucker Treasurer | 1 | $0 | |
Debbie Gadberry Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,653 |
| Total operating and administrative expenses | $11,983 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,440 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $105,201 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $109,641 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tennessee Mortgage Bankers Association Education Trust Fund has awarded $4,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EAST BRAINERD CHURCH OF CHRIST PURPOSE: TO FULFILL NEEDS OF THE DONEE | $1,200 |
KNOXVILLE HABITAT FOR HUMANITY PURPOSE: TO FULFILL NEEDS OF THE DONEE | $1,200 |
NEEDLINK NASHVILLE PURPOSE: TO FULFILL NEEDS OF THE DONEE | $1,200 |
COMMUNITY LIFT PURPOSE: TO FULFILL NEEDS OF THE DONEE | $1,200 |