Iowa Mortgage Bankers Association is located in Johnston, IA. The organization was established in 1975. 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. Iowa 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, Iowa Mortgage Bankers Association generated $103.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $127.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE THE WELFARE AND IMPROVE SERVICE TO THE COMMUNITY OF THE MORTGAGE LENDERS OF IOWA AND GATHER, RECEIVE, TRAIN, AND DISSEMINATE INFORMATION AND IDEAS IN RENDERING MUTUAL ASSISTANCE AND VOCATIONAL GUIDANCE.WEBINARS HAD 42 ATTENDEES.FALL CONFERENCE HAD 205 ATTENDEES. GOLF OUTING HAD 80 ATTENDEES. THERE IS ALSO A MONTHLY NEWSLETTER PUBLISHED ALONG WITH THE ANNUAL MEMBER DIRECTORY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Travis Eagle Director | 0 | $0 | |
Chuck Simmons President | 0 | $0 | |
Sharon Presnall Staff Liaison | 0 | $0 | |
Nick Campos Director | 0 | $0 | |
Andrew Yamilkoski Director | 0 | $0 | |
Jennifer Coyle President-Elect | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $68,600 |
Membership dues | $33,800 |
Investment income | $678 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $103,078 |
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 | $58,084 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $1,592 |
Other expenses | $67,929 |
Total expenses | $127,605 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $110,986 |
Other assets | $0 |
Total assets | $119,136 |
Total liabilities | $16,425 |
Net assets or fund balances | $102,711 |
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