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← AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS

Form 990 for tax year 2023

Filed by AMERICAN ASSOCIATION OF RESIDENTIAL MORTGAGE REGULATORS.

Totals

Total revenue
$445,313
Total expenses
$431,904
Contributions and grants received
$117,150
Grants paid
$0
Program service revenue
$324,359
Investment income
$3,629
Other revenue
$175
Total assets, end of year
$360,730
Total liabilities, end of year
$15,051
Net assets or fund balances, end of year
$345,679
Program services expenses (Part IX)
$287,800
Management and general expenses
$144,104
Fundraising expenses
$0
Program service expenses (Part III)
$287,800

Program services were 66.6% 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

    $117,150

  • 2a · Program service revenue: ANNUAL CONFERENCE

    total $204,397 · excluded $204,397

  • 2b · Program service revenue: TRAINING SCHOOLS

    total $119,962 · excluded $119,962

  • 3 · Investment income

    total $3,629 · excluded $3,629

  • 11a · Other revenue: MISCELLANEOUS

    total $175 · excluded $175

  • 11e · Other revenue, total

    $175

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $198,014 · program services $111,147 · management and general $86,867

  • 11c · Fees: accounting

    total $6,900 · management and general $6,900

  • 11g · Fees: other

    total $2,100 · management and general $2,100

  • 13 · Office expenses

    total $11,565 · program services $8,273 · management and general $3,292

  • 17 · Travel

    total $9,135 · program services $7,042 · management and general $2,093

  • 19 · Conferences, conventions and meetings

    total $139,659 · program services $139,659

  • 23 · Insurance

    total $9,020 · management and general $9,020

  • 24a · Other expenses: WEBSITE

    total $31,750 · management and general $31,750

  • 24b · Other expenses: SPEAKER FEES AND EXPENS

    total $10,686 · program services $10,686

  • 24c · Other expenses: ONLINE REGISTRATION FEE

    total $7,913 · program services $7,913

  • 24d · Other expenses: TRAINER FEES AND EXPENS

    total $3,080 · program services $3,080

  • 24e · All other expenses

    total $2,082 · management and general $2,082

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,874 · end of year $49,791

  • 2 · Savings and temporary cash investments

    beginning of year $150,337 · end of year $151,729

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $12,915

  • 12 · Investments: other securities

    beginning of year $144,059 · end of year $146,295

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,051

  • 27 · Net assets without donor restrictions

    beginning of year $332,270 · end of year $345,679

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROMOTE KNOWLEDGE OF RESIDENTIAL MORTGAGE REGULATIONS.

  • THE ANNUAL REGULATORY CONFERENCE IS ATTENDED BY GENERAL (STATE) MEMBERS AND AFFILIATE (INDUSTRY) MEMBERS WHO COME TOGETHER TO NETWORK, SHARE INFORMATION AND HEAR PRESENTATIONS ON RESIDENTIAL MORTGAGE ISSUES OF MUTUAL INTEREST. THE 2023 CONFERENCE HAD OVER 250 ATTENDEES.

    Expenses $196,569 · Revenue $204,397

  • EXAMINER SCHOOLS CONSISTED OF EXAMINER TRAINING IN VIRTUAL CYBERSECURITY AND ENHANCED FINANCIAL ANALYSIS. TRAINING WAS ATTENDED BY EXAMINERS IN REGULATION OF MORTGAGE BROKERS, LENDERS AND LOAN ORIGINATORS IN THEIR RESPECTIVE STATES.

    Expenses $91,231 · Revenue $119,962

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kirsten Anderson

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alison Kiyotoki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Romano

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Rod Carnes

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kareeme Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clifford Charland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ellena Meier

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin Cuff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Storms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Saunders

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    25

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
5 November 2024
IRS schema version
2023v5.1
Source object
202433109349300843

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