BETA

US MORTGAGE INSURERS: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
US MORTGAGE INSURERS (EIN 46-4272890)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-10
IRS object ID
202003159349303310
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-10T12:40:49-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521754364PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1E COHEN AND COMPANY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE RESEARCH COURT SUITE 400AddressLine1Txt
CityROCKVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP20850ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464272890EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1US MORTGAGE INSURERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlUSMOBusinessNameControlTxt
Phone2022801820PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11101 17TH STREET NW NO 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLINDSEY JOHNSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2022801820PhoneNum
Signature2020-11-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTHEW DUVALL CPAPreparerPersonNm
PTINP01324790PTIN
Phone3016913600PhoneNum
Preparation2020-11-10PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address138.88.64.26IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-10IPDt
IP Tm08:42:34IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id5987FE51FA722F9EA8410A4E36566CCD9EAA768BAtSubmissionCreationDeviceId
At Submission Filing Device IdE87D3DAA7354DA4831653926C80B261F46EC9FA5AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLINDSEY JOHNSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11101 17TH STREET NW NO 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,945,700GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.USMI.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionREPRESENTING AND ADVANCING THE INTEREST OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELL-FUNCTIONING HOUSING FINANCE SYSTEM.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,000,000PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$1,945,700CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,000,000PYTotalRevenueAmt
CY Total Revenue$1,945,700CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,896,199PYOtherExpensesAmt
CY Other Expenses$1,927,797CYOtherExpensesAmt
PY Total Expenses$1,896,199PYTotalExpensesAmt
CY Total Expenses$1,927,797CYTotalExpensesAmt
PY Revenues Less Expenses$103,801PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$17,903CYRevenuesLessExpensesAmt
Total Assets BOY$1,670,992TotalAssetsBOYAmt
Total Assets EOY$1,612,131TotalAssetsEOYAmt
Total Liabilities BOY$234,201TotalLiabilitiesBOYAmt
Total Liabilities EOY$157,437TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,436,791NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,454,694NetAssetsOrFundBalancesEOYAmt
MissionREPRESENTING AND ADVANCING THE INTERESTS OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELL-FUNCTIONING HOUSING FINANCE SYSTEM.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescADVOCACY PROGRAM: ADVOCATE FOR THE PRIORITIES OF THE PRIVATE MORTGAGE INSURANCE INDUSTRY AT THE FEDERAL AND STATE LEVEL TO CREATE A STRONG HOUSING FINANCE SYSTEM AND ENSURE ACCESS TO HOMEOWNERSHIP WHILE PROTECTING TAXPAYERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPUBLIC RELATIONS PROGRAM: USE VARIOUS PUBLIC RELATIONS CAMPAIGNS AND MEDIA PLATFORMS TO PROMOTE THE BENEFITS OF PRIVATE MORTGAGE INSURANCE TO POLICYMAKERS, MORTGAGE MARKET PARTICIPANTS, AND BORROWERS, INCLUDING THAT THE INDUSTRY FACILITATES BORROWER ACCESS TO AFFORDABLE AND SUSTAINABLE MORTGAGES WITHIN A WELL-FUNCTIONING HOUSING FINANCE SYSTEM.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescREGULATORY PROGRAM: IDENTIFY, ANALYZE AND PROVIDE RECOMMENDATIONS TO STATE AND FEDERAL REGULATORY AGENCIES ON POLICIES PERTAINING TO PRIVATE MORTGAGE INSURANCE AND THE HOUSING FINANCE SYSTEM. COORDINATE WITH MEMBER COMPANIES ON OUTREACH TO STATE DEPARTMENTS OF INSURANCE AND FEDERAL FINANCIAL REGULATORS TO PROMOTE A STRONG HOUSING FINANCE SYSTEM AND ENSURE PRIVATE MORTGAGE INSURANCE INDUSTRY IS WELL POSITIONED TO ENSURE ACCESS TO MORTGAGE CREDIT WHILE PROTECTING TAXPAYERS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERTO SOLUTIONS LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2022935800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11101 17TH STREET NW SUITE 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
BRADLEY SHUSTER
CHAIRMAN2.00Yes (X)Yes (X)$0$0$0
RICHARD THORNBERRY
VICE CHAIRMAN2.00Yes (X)Yes (X)$0$0$0
PATRICK SINKS
TREASURER/SECRETARY2.00Yes (X)Yes (X)$0$0$0
CHRIS CURRAN
BOARD MEMBER2.00Yes (X)$0$0$0
ROHIT GUPTA
BOARD MEMBER2.00Yes (X)$0$0$0
LINDSEY JOHNSON
PRESIDENT40.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERTO SOLUTIONS LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11101 17TH STREET NW SUITE 700AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENT SERVICESServicesDesc
Compensation$1,077,649CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMEMBERSHIP DUESDesc
Business900099BusinessCd
Total Revenue Column$1,945,700TotalRevenueColumnAmt
Related Or Exempt Func Income$1,945,700RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$1,945,700TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,945,700TotalRevenueColumnAmt
Related Or Exempt Func Income$1,945,700RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$844,296TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$129,681TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,075TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$350,000TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$370,317TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,057TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$37,997TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$9,332TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
SPONSORSHIPS$136,456
SUBSCRIPTIONS AND REFER$22,586

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,927,797TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,662,787BOYAmt
EOY$1,607,258EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$8,205BOYAmt
EOY$4,873EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,670,992BOYAmt
EOY$1,612,131EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$234,201BOYAmt
EOY$157,437EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$234,201BOYAmt
EOY$157,437EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,436,791BOYAmt
EOY$1,454,694EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,436,791BOYAmt
EOY$1,454,694EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,670,992BOYAmt
EOY$1,612,131EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$17,903ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$1,945,700DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$350,000NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov$59,842NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$409,842NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$389,140AggregateReportedDuesNtcAmt
Carried Over$20,702CarriedOverAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,945,700TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,945,700RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,945,700TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,927,797TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,927,797ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,927,797TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A "PRIVATE FOUNDATION" UNDER SECTION 509(A)(2) OF THE INTERNAL REVENUE CODE. THE INCOME TAX POSITIONS TAKEN BY THE ORGANIZATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUES OF LIMITATIONS ARE THAT THE ORGANIZATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THEY HAVE PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. THE ORGANIZATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ORGANIZATION'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3MANAGEMENT COMPANY PROVIDES FACILITIES, STAFFING, GOVERNMENT RELATIONS AND OTHER MANAGEMENT SERVICES TO THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 6FIVE U.S. MORTGAGE COMPANIES (ESSENT, GENWORTH, MGIC, NATIONAL MI, AND RADIAN GUARANTY) ARE MEMBERS OF USMI. THE ORGANIZATION IS OPEN TO ALL ACTIVE U.S. MORTGAGE INSURANCE COMPANIES.
FORM 990, PART VI, SECTION A, LINE 7AEACH BOARD MEMBER OF THE ORGANIZATION HAS THE RIGHT TO APPOINT ONE REPRESENTATIVE TO THE BOARD OF DIRECTORS, THE RIGHT TO RECEIVE INFORMATION DISTRIBUTED BY THE ORGANIZATION, AND THE RIGHT TO ATTEND ALL BOARD AND COMMITTEE MEETINGS.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS SHARED VIA EMAIL WITH THE BOARD PRIOR TO FILING. THE DIRECTOR OF FINANCE, PRESIDENT AND CHAIRMAN OF THE BOARD REVIEW FORM 990 PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CUSMI HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL MEMBERS, OFFICERS, DIRECTORS, AND STAFF. ALL ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19OTHER DOCUMENTS AVAILABLE UPON REQUEST FROM THE PUBLIC.
FORM 990, PART IX, LINE 11GCONSULTANTS 370,317.
PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

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