American Land Title Association
- Assets
- $34.5m
- Revenue
- $11.6m
- Investments
- $85.3k
- Employees
- 41
- Location
- Washington, DC
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 53-0259366
Organization Overview
American Land Title Association is located in Washington, DC. The organization was established in 2014. 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. As of 12/2021, American Land Title Association employed 41 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Land Title 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, American Land Title Association generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
TO PROMOTE THE SAFE AND EFFICIENT TRANSFER OF OWNERSHIP AND INTEREST IN REAL PROPERTY WITHIN THE FREE ENTERPRISE SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS - ALTA, ALONG WITH AFFILIATED LAND TITLE ASSOCIATIONS AND OTHER INDUSTRY ORGANIZATIONS, HOSTS DOZENS OF MEETINGS EACH YEAR. EACH EVENT IS AN OPPORTUNITY TO NETWORK AND LEARN FROM INDUSTRY EXPERTS, VENDORS AND PEERS FROM ALL OVER THE COUNTRY. DUE TO THE GLOBAL PANDEMIC, ALTA SPRINGBOARD WAS HELD VIRTUALLY WITH 366 PEOPLE. ALTA ADVOCACY SUMMIT WAS ALSO VIRTUAL WITH 390 PEOPLE. ALTA ONE RETURNED TO IN PERSON WITH A VIRTUAL OPTION AND HAD 989 ATTENDEES. SEVERAL OF THE PROFESSIONAL DEVELOPMENT SESSIONS OFFER CONTINUING EDUCATION AND CONTINUING LEGAL EDUCATION CREDITS FOR PARTICIPANTS.
THE GOVERNMENT AFFAIRS DEPARTMENT ENSURES THAT ALTA'S POSITIONS ARE HEARD BY CONGRESS AND FEDERAL GOVERNMENT AGENCIES BEFORE THEY ENACT LEGISLATION AND REGULATIONS. ALTA'S STATE LEGISLATIVE AND REGULATORY WORK CONSISTS OF ASSISTING STATE LAND TITLE ASSOCIATIONS IN EDUCATING POLICY MAKERS ABOUT THE VALUES OF THE TITLE INSURANCE INDUSTRY. IT ENABLES THESE ASSOCIATIONS TO EASILY EXCHANGE REGIONAL INDUSTRY TRENDS AND STATE ADVOCACY TRENDS.
ALTA PROVIDES INDUSTRY SPECIFIC GOVERNMENT, MARKET AND TECHNOLOGY NEWS TO ITS MEMBERSHIP AS WELL AS TO THE GENERAL PUBLIC. ALTA ALSO PROVIDES PRESS RELEASES SUPPORTING RECENT STANCES AND OPINIONS OF THE ASSOCIATION AND ITS MEMBERSHIP, IN ADDITION TO PROVIDING MARKETING TOOLS TO MEMBERS TO PUBLICIZE THE INDUSTRY. ADDITIONALLY ALTA PUBLISHES A MONTHLY MAGAZINE (TITLE NEWS - 11,054 SUBSCRIBERS), ELECTRONIC NEWSLETTERS, AND INDUSTRY STATISTICS AND TITLE INDUSTRY FINANCIAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Tomb CEO | Officer | 40 | $715,880 |
Christopher Morton Sr VP Public Affairs | Officer | 40 | $493,080 |
Cornelia Horner COO | Officer | 40 | $407,980 |
Steven Gottheim General Counsel | Officer | 40 | $263,762 |
Kelly Romeo VP | Officer | 40 | $254,635 |
Elizabeth Blosser VP Government Affairs | Officer | 40 | $219,264 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Authorities Inc Convention Services | 12/30/21 | $414,575 |
Design Data Information Services | 12/30/21 | $207,821 |
Bbc Destination Management Event Services | 12/30/21 | $144,021 |
Impexium Saas Subscription | 12/30/21 | $167,375 |
Marathon Strategies Llc Consulting Services | 12/30/21 | $612,115 |
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 | $140,775 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,775 |
| Total Program Service Revenue | $10,420,700 |
| Investment income | $528,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $408,544 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,565,543 |
| 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. | $2,748,059 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,242,648 |
| Pension plan accruals and contributions | $276,433 |
| Other employee benefits | $163,301 |
| Payroll taxes | $279,390 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $108,137 |
| Fees for services: Accounting | $19,800 |
| Fees for services: Lobbying | $213,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $86,194 |
| Fees for services: Other | $904,040 |
| Advertising and promotion | $106,464 |
| Office expenses | $438,390 |
| Information technology | $895,021 |
| Royalties | $0 |
| Occupancy | $502,003 |
| Travel | $328,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,615,395 |
| Interest | $0 |
| Payments to affiliates | $51,813 |
| Depreciation, depletion, and amortization | $183,330 |
| Insurance | $78,011 |
| All other expenses | $11,037 |
| Total functional expenses | $11,502,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,819,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,350 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $291,539 |
| Net Land, buildings, and equipment | $482,731 |
| Investments—publicly traded securities | $22,642,497 |
| Investments—other securities | $85,323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,054 |
| Total assets | $34,520,579 |
| Accounts payable and accrued expenses | $1,152,483 |
| Grants payable | $0 |
| Deferred revenue | $5,033,301 |
| 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 | $605,541 |
| Total liabilities | $6,791,325 |
| Net assets without donor restrictions | $27,729,254 |
| 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 | $34,520,579 |
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