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Nonprofiteer
← NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC

Form 990 for tax year 2024

Filed by NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC.

Totals

Total revenue
$1,930,902
Total expenses
$2,129,987
Contributions and grants received
$698,749
Grants paid
$0
Program service revenue
$1,192,810
Investment income
$39,343
Other revenue
$0
Total assets, end of year
$1,046,428
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,046,428
Program services expenses (Part IX)
$1,692,268
Management and general expenses
$437,719
Fundraising expenses
$0
Program service expenses (Part III)
$1,692,268

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $265,468

  • 1d · Related organizations

    $431,230

  • 1f · All other contributions, gifts and grants

    $2,051

  • 2a · Program service revenue: CONFERENCE INCOME

    total $1,072,288 · related or exempt $1,072,288

  • 2b · Program service revenue: CERTIFICATION INCOME

    total $92,870 · related or exempt $92,870

  • 2c · Program service revenue: EDUCATION INCOME

    total $12,068 · related or exempt $12,068

  • 2f · All other program service revenue

    total $15,584 · related or exempt $15,584

  • 3 · Investment income

    total $39,343 · excluded $39,343

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $169,283 · management and general $169,283

  • 10 · Payroll taxes

    total $13,607 · management and general $13,607

  • 11a · Fees: management

    total $75,000 · program services $75,000

  • 11b · Fees: legal

    total $65,309 · management and general $65,309

  • 11c · Fees: accounting

    total $19,708 · management and general $19,708

  • 11d · Fees: lobbying

    total $238,861 · program services $238,861

  • 12 · Advertising and promotion

    total $96,539 · management and general $96,539

  • 13 · Office expenses

    total $8,641 · management and general $8,641

  • 14 · Information technology

    total $48,504 · management and general $48,504

  • 17 · Travel

    total $53,850 · program services $53,850

  • 19 · Conferences, conventions and meetings

    total $1,271,974 · program services $1,271,974

  • 23 · Insurance

    total $635 · management and general $635

  • 24a · Other expenses: MEMBERSHIP FEES

    total $43,360 · program services $43,360

  • 24b · Other expenses: GOVERNMENT AFFAIRS

    total $6,872 · management and general $6,872

  • 24c · Other expenses: NAMB ROAD SHOWS EXPENSE

    total $5,592 · program services $5,592

  • 24d · Other expenses: MERCHANT FEES

    total $3,743 · management and general $3,743

  • 24e · All other expenses

    total $8,509 · program services $3,631 · management and general $4,878

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,285 · end of year $5,988

  • 2 · Savings and temporary cash investments

    beginning of year $997,078 · end of year $538,449

  • 13 · Investments: program-related

    beginning of year $382,614 · end of year $501,991

  • 25 · Other liabilities

    beginning of year $9,068 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,402,909 · end of year $1,046,428

Mission and programs · 2024

Mission

NAMB IS THE NATIONAL TRADE ASSOCATION FOR MORTGAGE PROFESSIONALS. THE ASSOCIATION OFFERS CERTIFICATION, EDUCATION, NATIONAL CONFERENCES AND LEGISLATIVE ADVOCACY FOR MORTGAGE PROFESSIONALS.

Activities or mission (Part I)

NAMB IS THE NATIONAL TRADE ASSOCIATION FOR MORTGAGE PROFESSIONALS. THE ASSOCIATION OFFERS CERTIFICATION, EDUCATION, NATIONAL CONFERENCES AND LEGISLATIVE ADVOCACY FOR MORTGAGE PROFESSIONALS.

  • CONFERENCES: NAMB'S OFFER UNIQUE OPPORTUNITIES TO DEVELOP PROFESSIONAL SKILLS, DISCOVER THE LATEST TECHNOLOGY, NETWORK WITH PEERS, AND MEET WITH THE LARGEST GATHERING OF LENDERS AND OTHER SUPPLIERS IN THE INDUSTRY.

    Expenses $1,315,334 · Revenue $1,072,288

  • GOVERNMENT AFFAIRS REPRESENTATION: NAMB PROVIDES NAMB MEMBERS WITH THE OPPORTUNITY TO TRAVEL TO WASHINGTON DC AND MEET WITH THEIR REPRESENTATIVES AND SENATORS ON CAPITOL HILL.

    Expenses $238,861 · Revenue $108,454

  • EDUCATION: THE NAMB EDUCATION PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES TO MORTGAGE PROFESSIONALS. THROUGH COURSES TAUGHT IN CLASSROOM SETTINGS AND ONLINE COURSES, NAMB CREATES CONTINUING EDUCATION FOR PROFESSIONALS THAT MUST MEET STATE LICENSING REQUIREMENTS AND THOSE INTERESTED IN FURTHERING THEIR KNOWLEDGE OF THEIR INDUSTRY.

    Expenses $132,481 · Revenue $12,068

  • NAMB ROAD SHOWS

    Expenses $5,592

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Nabors

    PRESIDENT

    Total calculated
    $18,750
    From this org
    $18,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Kimber White

    PRESIDENT - ELECT

    Total calculated
    $0
    Hours/week
    15

  • Harry Dinham

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Mike Desantis

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Ross Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Jeff Parry

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Ray Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Cathy Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mike Farrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Steve Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Marvin Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lauren Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Valerie Saunders

    CHIEF EXECUTIVE STRATEGIST

    Total calculated
    $81,326
    From this org
    $81,326
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rocke Andrews

    CHIEF FINANCIAL OFFICER

    Total calculated
    $19,750
    From this org
    $19,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
1 July 2026
IRS schema version
2024v5.5
Source object
202602119349300215

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