Mortgage Bankers Association Of Alabama
- Assets
- $97.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Memphis, TN
- Founding
- 01/1944
- Data as of
- 05/2024
- EIN
- 63-6049593
Organization Overview
Mortgage Bankers Association Of Alabama is located in Memphis, TN. 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 05/2024, Mortgage Bankers Association Of Alabama generated $117.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $109.6k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 9 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
2024
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Dresher Legal Counsel | 1 | $0 | |
Mark Harmon Board Advisor | 1 | $0 | |
Kris Swanson Affiliate Director | 1 | $0 | |
April Herring Director | 1 | $0 | |
Yvonne Albaugh Director | 1 | $0 | |
Holly Mattson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $98,148 |
| Membership dues | $15,275 |
| Investment income | $603 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,334 |
| Total Revenue | $117,360 |
| 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 | $70,845 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,763 |
| Total expenses | $109,608 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,325 |
| Other assets | $0 |
| Total assets | $97,325 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,325 |