Hawaii Association Of Mortgage Brokers
- Assets
- $96.2k
- Revenue
- $92.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 99-0323091
Organization Overview
Hawaii Association Of Mortgage Brokers is located in Honolulu, HI. The organization was established in 1997. 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. Hawaii Association Of Mortgage Brokers 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, Hawaii Association Of Mortgage Brokers generated $92.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $88.4k during the year ending 12/2022. While expenses have increased by 4.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO: 1. PROMOTE THE COMMON BUSINESS INTERESTS OF THOSE ENGAGED IN THE MORTGAGE BROKERAGE INDUSTRY. 2. TO PROMOTE COOPERATIVE BUSINESS TRANSACTIONS AMONG ITS MEMBERS. TO PROVIDE A FORUM FOR THE EFFECTIVE EXCHANGE OF MORTGAGE BROKERAGE KNOWLEDGE, TRENDS, IDEAS AND INNOVATIONS. 3. TO PROMOTE AND ENHANCE THE IMAGE OF THE MORTGAGE BROKERAGE PROFESSIONAL THROUGHOUT THE STATE OF HAWAII. 4. TO FOSTER A BROAD UNDERSTANDING AND ACCEPTANCE OF PROFESSIONAL MORTGAGE BROKERING AS A SOURCE OF ALTERNATIVE FINANCING. 5. TO PROTECT THE MORTGAGE BROKERAGE INDUSTRY AND PUBLIC THROUGH LEGISLATIVE ACTIONS. 6. TO PROMOTE THE HIGHEST STANDARDS OF PROFESSIONAL PRACTICE AND MORTGAGE BROKERING ETHICS. 7. TO PROMOTE A COOPERATIVE LIAISON WITH OTHER RELATED PROFESSIONAL GROUPS. 8. TO DO ANY AND ALL THINGS THAT ARE LAWFUL AND APPROPRIATE IN THE FURTHERANCE OF THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE - OUR ANNUAL CONFERENCE IS FOR ALL OF THE HAWAII MORTGAGE INDUSTRY BROKERS IN HAWAII, MEMBERS, AND NON-MEMBERS. MEMBERS GET A DISCOUNTED PRICE. THE CONFERENCE FOCUSES ON CONTINUING EDUCATION CREDITS FOR LICENSING, AS WELL AS NETWORKING FOR MEMBERS. WE HAVE A TRADESHOW, WITH THE DIFFERENT LENDERS AS WELL, FOR THE BROKER MEMBERS TO GET TO MEET AND FIND OUT ABOUT THEIR DIFFERENT MORTGAGE PRODUCTS.
GOLF CLUB PROVIDES NETWORKING OPPORTUNITIES FOR MEMBERS AND NON-MEMBERS THROUGH GOLFING ACTIVITIES
THE SEMINARS ARE ADVERTISED AS SMALLER EVENTS, WHERE WE USUALLY OFFER SOME FOOD, AND A TOPIC SPEAKER, SUCH AS ECONOMY OF THE OAHU REAL ESTATE ENVIRONMENT, OR CREDIT SCORING....HOW TO GROOM YOUR CLIENTS TO PREPARE FOR APPLYING FOR A MORTGAGE; OR A ROUND TABLE OF 4 LENDERS OR MORE, WHO TEACH OUR MORTGAGE BROKERS ABOUT THEIR PRODUCTS....WHO FITS THE PRODUCT, WHAT SITUATIONS YOU MIGHT WANT TO USE THEIR PRODUCT, ETC.
HOLIDAY BANQUET: MEETING HELD FOR INSTALLATION OF OFFICERS AND PROVIDE OPPORTUNITIES FOR MEMBER NETWORKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bird Secretary | OfficerTrustee | 0.5 | $0 |
Darron Carson Director | Trustee | 0.5 | $0 |
Linda Char Director | Trustee | 0.5 | $0 |
Loriann Fukumoto Director | Trustee | 0.5 | $0 |
Tiare Fullerton Director | Trustee | 0.5 | $0 |
David Ige Vice Preside | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,506 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,506 |
| Total Program Service Revenue | $38,101 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,571 |
| Fees for services: Accounting | $3,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,573 |
| Advertising and promotion | $314 |
| Office expenses | $0 |
| Information technology | $3,984 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,646 |
| Interest | $318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,581 |
| All other expenses | $0 |
| Total functional expenses | $88,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,169 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,110 |
| Total liabilities | $5,110 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $91,059 |
| Total liabilities and net assets/fund balances | $96,169 |