National Rural Lenders Association Inc
- Assets
- $253.6k
- Revenue
- $269.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Carthage, MS
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 47-2291922
Organization Overview
National Rural Lenders Association Inc is located in Carthage, MS. The organization was established in 2019. 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. National Rural Lenders Association Inc 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, National Rural Lenders Association Inc generated $269.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $136.6k during the year ending 12/2021. While expenses have increased by 6.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ADVOCATE FOR USDA GUARANTEED LENDING PROGRAMS TO SUPPORT RURAL ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL RURAL LENDERS ASSOCIATION (NRLA) FILED WITH THE STATE OF LOUISIANA SECRETARY OF STATE ON NOVEMBER 10, 2014, WITH AROUND 12 MEMBERS. AS OF DECEMBER 31, 2021, MEMBERSHIP HAS GROWN TO APPROXIMATELY 60 MEMBERS.THE NRLA BOARD OF DIRECTORS HAD A MONTHLY TELECONFERENCE WITH THOSE DIRECTORS AVAILABLE TO DISCUSS NRLA PROJECTIONS AND PROPOSALS. THE NRLA HAD ITS SEVENTH ANNUAL CONFERENCE IN OCTOBER OF 2021 WITH APPROXIMATELY 100 ATTENDEES. THE PURPOSE OF NRLA IS TO ADVOCATE FOR USDA GUARANTEED LENDING PROGRAMS TO SUPPORT RURAL ECONOMIC DEVELOPMENT. GUARANTEED LENDING IS AN OFTEN OVERLOOKED RESOURCE FOR THE NEEDED CAPITAL FOR BUSINESSES AND COMMUNITIES IN RURAL AMERICA THAT OFTEN GOES UNMET. VARIOUS GUARANTEED LENDING PROGRAMS FILL AN IMPORTANT GAP IN ACCESS TO CAPITAL FOR RURAL BUSINESSES, COMMUNITIES, AND NOT-FOR-PROFIT AND TRIBAL ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pam Moore-Wilcher Executive Director (beg 6/2021) | OfficerTrustee | 10 | $15,500 |
Danny Creel Executive Director (until 6/2021) | OfficerTrustee | 10 | $7,500 |
Ben Clark Director | Trustee | 2 | $0 |
Dave Dornbirer Director | Trustee | 2 | $0 |
Bob Madsen Director | Trustee | 2 | $0 |
Chris Altom Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $269,684 |
| Investment income | $0 |
| 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 | $269,684 |
| 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. | $23,000 |
| 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 | $875 |
| Fees for services: Accounting | $1,250 |
| Fees for services: Lobbying | $74,731 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $662 |
| Office expenses | $428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $35,669 |
| Total functional expenses | $136,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,574 |
| 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 | $253,574 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $253,574 |
| Total liabilities and net assets/fund balances | $253,574 |
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