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← MORTGAGE BANKERS ASSOCIATION OF ARKANSAS

Form 990 for tax year 2023

Filed by MORTGAGE BANKERS ASSOCIATION OF ARKANSAS.

Totals

Total revenue
$89,533
Total expenses
$131,944
Contributions and grants received
$27,850
Grants paid
$0
Program service revenue
$60,310
Investment income
$715
Other revenue
$658
Total assets, end of year
$77,046
Total liabilities, end of year
$500
Net assets or fund balances, end of year
$76,546
Program services expenses (Part IX)
$129,019
Management and general expenses
$2,925
Fundraising expenses
$0
Program service expenses (Part III)
$129,019

Program services were 97.8% 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

    $27,850

  • 2a · Program service revenue: CONFERENCE INCOME

    total $48,475 · related or exempt $48,475

  • 2b · Program service revenue: LUNCHEONS/EVENTS

    total $11,835 · related or exempt $11,835

  • 3 · Investment income

    total $715 · related or exempt $715

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $658 · related or exempt $658

  • 11e · Other revenue, total

    $658

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,067 · program services $25,067

  • 11c · Fees: accounting

    total $840 · management and general $840

  • 11d · Fees: lobbying

    total $22,000 · program services $22,000

  • 12 · Advertising and promotion

    total $5,665 · program services $5,665

  • 13 · Office expenses

    total $60 · management and general $60

  • 17 · Travel

    total $1,976 · management and general $1,976

  • 19 · Conferences, conventions and meetings

    total $71,996 · program services $71,996

  • 23 · Insurance

    total $2,588 · program services $2,588

  • 24a · Other expenses: DUES & SUBS

    total $1,284 · program services $1,284

  • 24b · Other expenses: WEBSITE

    total $419 · program services $419

  • 24c · Other expenses: FILING FEES

    total $49 · management and general $49

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,085 · end of year $77,046

  • 2 · Savings and temporary cash investments

    beginning of year $41,740

  • 19 · Deferred revenue

    beginning of year $1,500 · end of year $500

  • 25 · Other liabilities

    beginning of year $368

  • 27 · Net assets without donor restrictions

    beginning of year $118,957 · end of year $76,546

Mission and programs · 2023

Mission

TO PROMOTE MORTGAGE BANKING IN ARKANSAS

  • CONFERENCE AND MEETINGS ARE HELD TO DISCUSS ISSUES RELEVANT TO THE MORTGAGE BANKING INDUSTRY IN ARKANSAS AND TO DISCOVER WAYS TO PROMOTE THE INDUSTRY.

    Expenses $129,019

As filed on the 2023 return.

Listed in Part VII

  • Fernando Adame

    DIRECTOR

    Total calculated
    $0
  • Christy Beagle

    DIRECTOR

    Total calculated
    $0
  • Kristine Branon

    VICE PRESIDE

    Total calculated
    $0
  • Erica Byrne

    PRESIDENT

    Total calculated
    $0
  • Amanda Eaton

    PAST PRESIDE

    Total calculated
    $0
  • Keith Little

    GOVERNOR

    Total calculated
    $0
  • Omar Mejia

    DIRECTOR

    Total calculated
    $0
  • Issac Morales

    DIRECTOR

    Total calculated
    $0
  • Billie Jean Morgan

    AFFILIATE DI

    Total calculated
    $0
  • David Norris

    DIRECTOR

    Total calculated
    $0
  • Drew Stoner

    DIRECTOR

    Total calculated
    $0
  • Scott Todd

    GOVERNOR

    Total calculated
    $0
  • Brandson Webb

    DIRECTOR

    Total calculated
    $0
  • Tim Wooldridge

    AFFILIATE DI

    Total calculated
    $0
  • Tery Young

    SECRETARY/TR

    Total calculated
    $0

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
2023
Filed
2 July 2024
IRS schema version
2023v5.0
Source object
202402899349302170

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