Form 990 for tax year 2023
Filed by NATIONAL ASSOCIATION OF MORTGAGE BROKERS INC.
Totals
- Total revenue
- $1,852,546
- Total expenses
- $1,690,104
- Contributions and grants received
- $365,102
- Grants paid
- $0
- Program service revenue
- $1,461,597
- Investment income
- $25,847
- Other revenue
- $0
- Total assets, end of year
- $1,411,977
- Total liabilities, end of year
- $9,068
- Net assets or fund balances, end of year
- $1,402,909
- Program services expenses (Part IX)
- $1,462,589
- Management and general expenses
- $227,515
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,462,589
Program services were 86.5% 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
$205,775
-
1d · Related organizations
$159,167
-
1f · All other contributions, gifts and grants
$160
-
2a · Program service revenue: CONFERENCE INCOME
total $1,266,464 · related or exempt $1,266,464
-
2b · Program service revenue: CERTIFICATION INCOME
total $126,632 · related or exempt $126,632
-
2c · Program service revenue: EDUCATION INCOME
total $12,957 · related or exempt $12,957
-
2f · All other program service revenue
total $55,544 · related or exempt $55,544
-
3 · Investment income
total $25,847 · excluded $25,847
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $19,150 · management and general $19,150
-
10 · Payroll taxes
total $1,526 · management and general $1,526
-
11a · Fees: management
total $75,000 · program services $75,000
-
11b · Fees: legal
total $83,420 · management and general $83,420
-
11c · Fees: accounting
total $18,300 · management and general $18,300
-
11d · Fees: lobbying
total $205,262 · program services $205,262
-
12 · Advertising and promotion
total $30,712 · management and general $30,712
-
13 · Office expenses
total $26,644 · management and general $26,644
-
14 · Information technology
total $31,715 · management and general $31,715
-
17 · Travel
total $26,495 · program services $26,495
-
19 · Conferences, conventions and meetings
total $1,020,098 · program services $1,020,098
-
23 · Insurance
total $3,430 · management and general $3,430
-
24a · Other expenses: MEMBERSHIP FEES
total $68,148 · program services $68,148
-
24b · Other expenses: NAMB ROAD SHOWS EXPENSE
total $59,753 · program services $59,753
-
24c · Other expenses: STATE SOCIETY EXPENSES
total $7,833 · program services $7,833
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $5,918 · management and general $5,918
-
24e · All other expenses
total $6,700 · management and general $6,700
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $272,491 · end of year $32,285
-
2 · Savings and temporary cash investments
beginning of year $724,003 · end of year $997,078
-
13 · Investments: program-related
beginning of year $416,348 · end of year $382,614
-
25 · Other liabilities
beginning of year $0 · end of year $9,068
-
27 · Net assets without donor restrictions
beginning of year $1,412,842 · end of year $1,402,909
Mission and programs · 2023
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 $1,088,246 · Revenue $1,266,464
-
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 $205,262 · Revenue $182,176
-
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 $109,328 · Revenue $12,957
-
NAMB ROAD SHOWS
Expenses $59,753
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Valerie SaundersVALERIE SAUNDERS
PRESIDENT
- Total calculated
- $15,000
- From this org
- $15,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Jim NaborsJIM NABORS
PRESIDENT - ELECT
- Total calculated
- $0
- Hours/week
- 15
-
Rocke AndrewsROCKE ANDREWS
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 15
-
Kimber WhiteKIMBER WHITE
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Jeff PerryJEFF PERRY
TREASURER
- Total calculated
- $0
- Hours/week
- 20
-
Mike DesantisMIKE DESANTIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Ray EdwardsRAY EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Cathy LeeCATHY LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Mike FarrellMIKE FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Steve ScottSTEVE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ross MillerROSS MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Lauren PattersonLAUREN PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Ernest Jones JrERNEST JONES JR
FORMER PRESIDENT
- Total calculated
- $22,500
- From this org
- $22,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $22,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $22,500
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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NAMB PLUS INC
C · MARKETING SUPPORT · OH · 100% owned
Directly controlled by NO
-
CLEARPATH ASSOCIATION MANAGEMENT SOLUTIONS
C · EVENT MANAGEMENT · OH · 100% owned
Directly controlled by NO
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520359349300322
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