Ohio Mortgage Bankers Association
- Assets
- $164.1k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dublin, OH
- Founding
- 05/1971
- Data as of
- 12/2021
- EIN
- 23-7111836
Organization Overview
Ohio Mortgage Bankers Association is located in Dublin, OH. The organization was established in 1971. 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. Ohio Mortgage Bankers Association 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 12/2021, Ohio Mortgage Bankers Association generated $195.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $175.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE MORTGAGE BANKER EDUCATION AND INTERACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS AND EXHIBITS - PROVIDES A FORUM FOR NEW IDEAS AND EDUCATION VIA SPEAKERS AND EXHIBITORS. ALSO, PROVIDES A NETWORKING FORUM.
GOLF OUTING AND RECOGNITION DINNER - PROVIDES THE OPPORTUNITY TO OPEN LINES OF COMMUNICATION AND DEVELOPMENT OF SUPPORT NETWORK OF PROFESSIONALS THROUGHOUT THE STATE.
SEMINARS - THESE PROGRAMS TRAIN MEMBERS IN VARIOUS ASPECTS OF MORTGAGE BANKING. SEMINARS PROVIDE VALUABLE INFORMATION ON RECENT CHANGES AFFECTING THE MORTGAGE BANKING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Pascoe Exec Dir And COO | OfficerTrustee | 19 | $85,094 |
Stan Foraker President | Officer | 5 | $0 |
Don Griffiths Vice Pres | Officer | 5 | $0 |
Andrew Alurovic Secretary | Officer | 5 | $0 |
John Igoe Treasurer | Officer | 5 | $0 |
Rich Phillips Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,015 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,595 |
| Total Program Service Revenue | $28,348 |
| Investment income | $21 |
| 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 | $194,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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 | $85,094 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,625 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $221 |
| Information technology | $3,332 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,560 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $834 |
| Insurance | $1,187 |
| All other expenses | $395 |
| Total functional expenses | $175,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,388 |
| 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 | $4,230 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,500 |
| Other assets | $0 |
| Total assets | $164,118 |
| Accounts payable and accrued expenses | $10,359 |
| Grants payable | $0 |
| Deferred revenue | $44,420 |
| 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 | $0 |
| Total liabilities | $54,779 |
| Net assets without donor restrictions | $109,339 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $164,118 |
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