Washington Association Of Mortgage Professionals
- Assets
- $23.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bellevue, WA
- Founding
- 03/1993
- Data as of
- 12/2019
- EIN
- 94-3031417
Organization Overview
Washington Association Of Mortgage Professionals is located in Bellevue, WA. The organization was established in 1993. 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. Washington Association Of Mortgage Professionals 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 12/2019, Washington Association Of Mortgage Professionals generated $56.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $61.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 5 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
2019
Describe the Organization's Program Activity:
Part 3
FIRST ACCOMPLISHMENT TO REPRESENT AND EDUCATE LICENSED MORTGAGE PROFESSIONALS: HOLD MEETINGS AND SEMINARS, DISTRIBUTE INFORMATION RELEVANT TO JOB, CONSULT ON LEGAL AND LEGISLATIVE MATTERS, BY CREATING WEBSITE WHERE IDEAS AND INFORMATION CAN BE SHARED. CREATE CONSUMER REFERRAL SERVICE TO REPUTABLE LECENSED MORTGAGE PROFESSIONALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Christy President | 0.5 | $0 | |
Michael Patterson President Elect | 0.5 | $0 | |
Sharol Klise Treasurer | 0.5 | $0 | |
Tom Macarthur Secretary | 0.5 | $0 | |
Heath Pierce Director | 0.5 | $0 | |
Jason Bloom Immediate Past President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,916 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,557 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$17,135 |
| Other Revenue | $0 |
| Total Revenue | $56,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $469 |
| Salaries, other compensation, and employee benefits | $35,000 |
| Professional fees and other payments to independent contractors | $2,735 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $482 |
| Other expenses | $22,299 |
| Total expenses | $60,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,215 |
| Other assets | $0 |
| Total assets | $23,796 |
| Total liabilities | $56,374 |
| Net assets or fund balances | -$32,578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Master Builders Association Of King And Snohomish Counties Bellevue, WA | $50,140,289 | $12,586,024 |
Greater Seattle Chamber Of Commerce Seattle, WA | $24,652,320 | $11,051,510 |
Wafla Lacey, WA | $11,233,432 | $9,712,213 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
Cloud Security Alliance Seattle, WA | $2,184,209 | $7,501,153 |
Northwest Power Pool Portland, OR | $3,491,594 | $6,118,374 |
Archbright Seattle, WA | $17,744,548 | $6,553,314 |
Associated General Contractors Of Washington Seattle, WA | $55,149,734 | $7,565,354 |
Fido Alliance Inc Beaverton, OR | $3,413,033 | $5,016,391 |
Usb Implementers Forum Inc Beaverton, OR | $6,239,445 | $5,610,966 |
Western Energy Institute Portland, OR | $4,801,520 | $4,393,865 |
Merchant Risk Council Inc Seattle, WA | $6,892,922 | $3,889,563 |