Mortgage Bankers Association Of Alabama

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 636049593 ✦ Montgomery, AL ✦ Designated as a 501(c)(6)

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Overview

What is Mortgage Bankers Association Of Alabama?

The Mortgage Bankers Association of Alabama is a nonprofit organization situated in Montgomery, Alabama. Its primary function is to offer promotional and educational services to its members, which includes organizing events such as conventions, seminars, and meetings. The aim is to educate not only its members but also the public at large. Furthermore, the organization fosters an environment that encourages the exchange of ideas among its members, and it provides a platform for conflict resolution. In essence, the Mortgage Bankers Association of Alabama serves as a supportive network for its members in the mortgage banking industry.


Official website here: www.mbaal.org

Is Mortgage Bankers Association Of Alabama legitimate?

Mortgage Bankers Association Of Alabama is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mortgage Bankers Association Of Alabama submitted a form 990EZ, 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mbaal.org

What is the mission statement of Mortgage Bankers Association Of Alabama?

The Mortgage Bankers Association of Alabama serves its members by offering promotional and educational resources. They organize events such as conventions, seminars, and meetings to educate both their members and the broader public. The association also plays a role in facilitating conflict resolution and fostering the exchange of ideas within its membership. Their primary goal is to support their members in the mortgage banking industry.


Official website here: www.mbaal.org

What is the revenue of Mortgage Bankers Association Of Alabama?

Mortgage Bankers Association Of Alabama's revenue in 2024 was $117,360.


Official website here: www.mbaal.org

Who are the executives of Mortgage Bankers Association Of Alabama and what are their salaries?

Here are 12 key members and their salaries:


Dave Dresher (Legal Counsel)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Harmon (Board Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kris Swanson (Affiliate Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
April Herring (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvonne Albaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly Mattson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Hamaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Cichy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Van Elkan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lara H Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Williams (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mindy Hill (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mbaal.org

Where can I find the form 990EZ for Mortgage Bankers Association Of Alabama?

Mortgage Bankers Association Of Alabama's most recent form 990EZ was submitted in 2024 and can be accessed here.


Official website here: www.mbaal.org

Learn more at the official website: www.mbaal.org

Mission Statement of Mortgage Bankers Association Of Alabama

The Mortgage Bankers Association of Alabama, in its mission, serves to promote and educate its members, as well as the wider public, through various events and platforms. These events include conventions, seminars, and meetings, which are designed to enlighten and inform both members and non-members on relevant topics. Furthermore, the organization fosters a collaborative environment by facilitating conflict resolution and encouraging the exchange of ideas among its members. This collective approach allows for a richer understanding of the mortgage banking industry and helps to drive its growth and development. In essence, the Mortgage Bankers Association of Alabama plays a crucial role in fostering knowledge and collaboration within the mortgage banking sector.

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Impact




October, 2024

The Mortgage Bankers Association of Alabama plays a significant role in enhancing the knowledge and skills of its members through a variety of educational initiatives. By conducting conventions, seminars, and meetings, the association fosters a better understanding of the mortgage industry, helping members stay informed about best practices and emerging trends.

Additionally, it promotes conflict resolution among its members, creating an environment where ideas can be shared freely and collaboration is encouraged. This not only strengthens the community of mortgage professionals in Alabama but also ultimately benefits consumers by fostering a more informed and cohesive industry. With its central location in Montgomery, the association serves as a hub for professional development and community improvement within the mortgage banking landscape of the state.




This information is meant to be a general summary of Mortgage Bankers Association Of Alabama. 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.

Revenue
$117,360 (2024)
Expenses
$109,608 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $603
  • Program Service Revenue: $98,148
  • Gross Receipts: $117,360

Assets and Liabilities:

  • Total Assets: $89,573
  • Total Liabilities: $0
  • Net Assets: $89,573

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Organization Details

Principal Officer

Lara H Smith

NTEE Category

Code: S41 - Community improvement

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