Overview
What is National Rural Lenders Association Inc?
The National Rural Lenders Association (NRLA) is a nonprofit organization based in Carthage, Mississippi, with a growing membership of around 70 members as of December 2022. Established in 2014, the NRLA's primary mission is to advocate for USDA Guaranteed Lending programs, which are critical resources for providing capital to businesses and communities in rural America. These programs often remain underutilized, and the NRLA aims to educate the banking and lending communities about their benefits to improve rural areas. The organization achieves its goals through monthly teleconferences with its board of directors and annual conferences, such as the recent one in October 2022, which attracted approximately 108 attendees.
Official website here: www.nrla-usda.org
Is National Rural Lenders Association Inc legitimate?
National Rural Lenders Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Rural Lenders Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $25,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nrla-usda.org
What is the mission statement of National Rural Lenders Association Inc?
The National Rural Lenders Association Inc's mission is centered around advocating for USDA Guaranteed Lending programs. This organization aims to promote rural economic development by educating the banking and lending communities about the benefits of such loans. They achieve this through their membership and outreach, with the goal of improving rural communities that often lack sufficient capital for businesses and communities. The association, with around 70 members as of 2022, has been advocating for this cause since its inception in 2014. Their annual conferences also serve as platforms to discuss and propose projections related to their mission.
Official website here: www.nrla-usda.org
Who is the CEO of National Rural Lenders Association Inc?
Pam Moore-Wilcher is the Executive Director of National Rural Lenders Association Inc.
Official website here: www.nrla-usda.org
What is the revenue of National Rural Lenders Association Inc?
National Rural Lenders Association Inc's revenue in 2022 was $312,450.
Official website here: www.nrla-usda.org
Who are the executives of National Rural Lenders Association Inc and what are their salaries?
There 25 volunteers at National Rural Lenders Association Inc.
Here are 18 key members and their salaries:
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Official website here: www.nrla-usda.org
Where can I find the form 990 for National Rural Lenders Association Inc?
National Rural Lenders Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nrla-usda.org
Learn more at the official website: www.nrla-usda.org
Mission Statement of National Rural Lenders Association Inc
The National Rural Lenders Association, Inc., is committed to advocating for USDA Guaranteed Lending programs to foster rural economic development. This nonprofit organization seeks to educate the banking and lending communities about the benefits of such loans, aiming to improve the financial scenarios of rural communities that often struggle to secure necessary capital. By promoting these lending programs, the National Rural Lenders Association aims to fill an important gap in access to capital for businesses, communities, and various entities in rural America, including not-for-profits and tribal entities.
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Impact
October, 2024
The National Rural Lenders Association Inc. (NRLA) plays a crucial role in advancing economic development in rural America through its advocacy for USDA Guaranteed Lending programs. By providing access to much-needed capital, NRLA addresses a significant gap that many rural businesses and communities face.
With membership growing from around 12 to approximately 70 members since its inception in 2014, the NRLA has established itself as a vital network for lenders focused on rural areas. Monthly discussions among board members facilitate the sharing of insights and strategies, ensuring that the organization remains responsive to the evolving needs of rural communities.
NRLA's annual conferences, such as the one held in October 2022 with over 100 attendees, serve as a platform for education and networking, empowering lending professionals with the knowledge of guaranteed lending advantages. This outreach not only helps in promoting financial support for businesses but also fosters a collaborative community dedicated to rural improvement.
By championing guaranteed lending programs, NRLA enhances the economic landscape of rural areas, supporting not just businesses but also non-profit and tribal entities. This comprehensive approach to advocacy and education significantly contributes to the sustainable development and prosperity of rural America.
This information is meant to be a general summary of National Rural Lenders Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $312,450
- Gross Receipts: $312,450
Assets and Liabilities:
- Total Assets: $274,028
- Total Liabilities: $0
- Net Assets: $274,028
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$157,227
Sponsorships
Revenue
$79,040
Conference Fees
Revenue
$76,183
Organization Details
Founding Year
2014
Phone
(601) 562-9306Principal Officer
Pam Moore-Wilcher
Main Address
3002 Martin Rd, Carthage, MS, 39051
Website
www.nrla-usda.orgNTEE Category
Code: S41 - Community improvement
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