Mortgage Bankers Association Of Alabama
- Assets
- $92.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Montgomery, AL
- Founding
- 01/1944
- Data as of
- 05/2022
- EIN
- 63-6049593
Organization Overview
Mortgage Bankers Association Of Alabama is located in Montgomery, AL. The organization was established in 1944. 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. Mortgage Bankers Association Of Alabama 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 05/2022, Mortgage Bankers Association Of Alabama generated $116.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $116.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. 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
THE ORGANIZATION CONDUCTS CONVENTIONS, SEMINARS, AND MEETINGS FOR THE EDUCATION OF ITS MEMBERS AND THE GENERAL PUBLIC, AS WELL AS FOR CONFLICT RESOLUTION AND THE SHARING OF IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Colvin Director | 1 | $0 | |
Cathy James Director | 1 | $0 | |
Ray Williams Director | 1 | $0 | |
Lara H Smith Director | 1 | $0 | |
Chip Caldwell Affiliate Director | 1 | $0 | |
Mike King Board Advisor | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,200 |
| Total Program Service Revenue | $84,285 |
| Membership dues | $24,825 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $460 |
| Total Revenue | $116,789 |
| 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 | $72,064 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,193 |
| Total expenses | $116,257 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $92,337 |
| Other assets | $0 |
| Total assets | $92,337 |
| Total liabilities | $0 |
| Net assets or fund balances | $92,337 |
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