MORTGAGE BANKERS ASSOCIATION OF AMERICA: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE BANKERS ASSOCIATION OF AMERICA (EIN 36-1505650)
- Tax period
- 2017-10-01 to 2018-09-30
- Filed
- 2019-08-08
- IRS object ID
- 201942209349300019
- Schema version
- 2017v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-08-08T13:34:35-05:00 | ReturnTs |
| Tax Period End | 2018-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 521855942 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 361505650 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MORT | BusinessNameControlTxt |
| Phone | 2025572700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LISA J HAYNES | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2025572700 | PhoneNum |
| Signature | 2019-08-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DEBORAH G KOSNETT | PreparerPersonNm |
| PTIN | P00290720 | PTIN |
| Phone | 2022932200 | PhoneNum |
| Preparation | 2019-08-06 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 216.59.105.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-08-08 | IPDt |
| IP Tm | 13:34:31 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | BF065EC4D347516EACB6EF6B1CA8D3F874D65F1D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBERT D BROEKSMIT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $80,870,714 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MBA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1914 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | MBA'S PRINCIPAL ACTIVITIES ARE INDUSTRY EDUCATION, RESEARCH, AND ADVOCACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 36 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 36 | VotingMembersIndependentCnt |
| Total Employee | 169 | TotalEmployeeCnt |
| Total Volunteers | 2000 | TotalVolunteersCnt |
| Total Gross UBI | $1,044,840 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $100,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $100,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $60,373,094 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $62,580,076 | CYProgramServiceRevenueAmt |
| PY Investment Income | $719,773 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,707,102 | CYInvestmentIncomeAmt |
| PY Other Revenue | $822,454 | PYOtherRevenueAmt |
| CY Other Revenue | $689,376 | CYOtherRevenueAmt |
| PY Total Revenue | $62,015,321 | PYTotalRevenueAmt |
| CY Total Revenue | $65,076,554 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $453,350 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $253,515 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $28,530,708 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $32,788,834 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,350,022 | PYOtherExpensesAmt |
| CY Other Expenses | $21,344,849 | CYOtherExpensesAmt |
| PY Total Expenses | $49,334,080 | PYTotalExpensesAmt |
| CY Total Expenses | $54,387,198 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,681,241 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,689,356 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $89,836,136 | TotalAssetsBOYAmt |
| Total Assets EOY | $101,788,531 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $32,282,191 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,038,976 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $57,553,945 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $67,749,555 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MORTGAGE BANKERS ASSOCIATION (MBA) IS THE NATIONAL ASSOCIATION REPRESENTING THE REAL ESTATE FINANCE INDUSTRY, AN INDUSTRY THAT EMPLOYS MORE THAN 280,000 PEOPLE IN VIRTUALLY EVERY COMMUNITY IN THE COUNTRY. HEADQUARTERED IN WASHINGTON, D.C., MBA INVESTS IN COMMUNITIES ACROSS THE NATION BY ENSURING THE CONTINUED STRENGTH OF THE NATION'S RESIDENTIAL AND COMMERCIAL REAL ESTATE MARKETS; EXPANDING HOMEOWNERSHIP AND EXTENDING ACCESS TO AFFORDABLE HOUSING TO ALL AMERICANS AND SUPPORTING FINANCIAL LITERACY EFFORTS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | MEETINGS & CONFERENCESMBA'S FISCAL YEAR 2018, ENDING SEPTEMBER 30, 2018, SAW MORE THAN 18,484 INDIVIDUAL ATTENDEES AT 19 CONFERENCES AND MEETINGS THAT PROVIDED ATTENDEES WITH TIMELY INFORMATION ABOUT THE ECONOMY, BUSINESS TRENDS, TECHNOLOGICAL INNOVATION AND LEGISLATIVE AND REGULATORY CHANGES AND PROSPECTS. MBA CONDUCTED A SUCCESSFUL ANNUAL CONVENTION IN OCTOBER 2017 IN DENVER WITH 4,650 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2018 IN SAN DIEGO WITH 3,300 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS WITH 504 COMPANIES EXHIBITING THEIR PRODUCTS AND SERVICES.IN ADDITION TO THE LARGE ANNUAL CONVENTION EXPECTED FROM A MAJOR ASSOCIATION, MBA HOSTS 4 ADDITIONAL LARGE CONFERENCES AND EXPOS EACH YEAR AS WELL AS 14 MORE FINELY FOCUSED SPECIAL INTEREST CONFERENCES. THE FIVE LARGE GATHERINGS ARE THE ANNUAL CONVENTION & EXPO, COMMERCIAL REAL ESTATE FINANCE/MULTIFAMILY HOUSING CONVENTION & EXPO, NATIONAL MORTGAGE SERVICING CONFERENCE & EXPO, TECHNOLOGY SOLUTIONS CONFERENCE & EXPO AND NATIONAL SECONDARY MARKET CONFERENCE & EXPO. SPECIALIZED PROGRAMS HELP PARTICIPANTS GAIN KNOWLEDGE AND INFORMATION IN SUCH AREAS AS LEGAL ISSUES AND REGULATORY COMPLIANCE, COMMERCIAL SERVICING, RISK MANAGEMENT, AND ACCOUNTING AND FINANCIAL MANAGEMENT, EACH OF THESE PROGRAMS HAD STRONG ATTENDANCE AND IS AN IMPORTANT PART OF THE MEMBERSHIP VALUE PROPOSITION FOR MEMBER COMPANIES. SEVERAL PROGRAMS QUALIFY IN WHOLE OR IN PART FOR CONTINUING LEGAL EDUCATION CREDIT (CLE), CPE AND OTHER CONTINUING EDUCATION CREDITS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVOCACY FOR MEMBERS AND THE INDUSTRYMBA CONTINUES TO BE THE LEADING ADVOCATE FOR THE ENTIRE REAL ESTATE FINANCE INDUSTRY BOTH IN WASHINGTON, DC AND IN STATE CAPITALS. IN 2018, THE ASSOCIATION PROVIDED THOUGHT LEADERSHIP ON A VARIETY OF PUBLIC POLICY ISSUES, INCLUDING PROPOSALS FOR BOTH ADMINISTRATIVE AND LEGISLATIVE GSE REFORM, A WHITE PAPER ON THE ROLE OF INDEPENDENT MORTGAGE BANKS IN THE HOUSING FINANCE MARKET, AND A DETAILED ROADMAP FOR THE CFPB TO COMBAT "REGULATION BY ENFORCEMENT." OUR LEGISLATIVE ACCOMPLISHMENTS INCLUDED PROVIDING TESTIMONY ON CAPITOL HILL BEFORE THE HOUSE FINANCIAL SERVICES AND SENATE BANKING COMMITTEES, ENACTMENT OF SEVERAL INDUSTRY PRIORITIES (BOTH RESIDENTIAL AND COMMERCIAL/MULTIFAMILY) TO MODERNIZE REQUESTS FOR BORROWER DOCUMENTATION AND STREAMLINE TIMELINES FOR FEDERALLY INSURED LOANS, AND EDUCATION AND ADVOCACY ON A WIDE VARIETY OF OTHER REAL ESTATE FINANCE ISSUES. WITH REGARD TO REGULATORY ACHIEVEMENTS, MBA SUBMITTED COMMENT LETTERS AND PROVIDED GUIDANCE AND SUBSTANTIVE RECOMMENDATIONS THROUGHOUT THE YEAR TO REGULATORS, INCLUDING HUD, VA, USDA, TREASURY, CFPB, FHFA, AND THE FEDERAL BANKING AGENCIES. THESE RECOMMENDATIONS COVERED A WIDE-RANGING SET OF MORTGAGE FINANCE ISSUES, INCLUDING ORIGINATION AND SERVICING GUIDELINES, SECONDARY MARKET STRUCTURE, TAX AND ACCOUNTING REQUIREMENTS, CAPITAL REQUIREMENTS, CONSUMER PROTECTION REGULATIONS, AND DATA SECURITY/PRIVACY. THE ASSOCIATION ALSO FILED AMICUS BRIEFS IN NUMEROUS CASES SUPPORTING THE INDUSTRY IN DISPUTES OVER IMPORTANT LEGAL ISSUES. IN THE COMMERCIAL/MULTIFAMILY REAL ESTATE FINANCE SECTOR, MBA'S PUBLIC POLICY ACTIVITIES IN 2018 SUPPORTED OUR MEMBERS' INTERESTS BY FURTHERING THE OBJECTIVE OF FACILITATING LIQUIDITY AND CAPITAL AVAILABILITY FOR THE COMMERCIAL REAL ESTATE FINANCE MARKET. MBA SHARED INFORMATION AND RECOMMENDATIONS WITH THE PUBLIC AND POLICY MAKERS ON A VARIETY OF POLICY ISSUES AFFECTING THE COMMERCIAL/MULTIFAMILY FINANCE INDUSTRY, INCLUDING: TAX REFORM IMPLEMENTATION; BANK CAPITAL STANDARDS; LIFE COMPANY RISK-BASED CAPITAL STANDARDS, HOME MORTGAGE DISCLOSURE ACT REPORTING REQUIREMENTS FOR MULTIFAMILY MORTGAGES; THE IMPLICATIONS OF HOUSING FINANCE REFORM ON MULTIFAMILY FINANCE; FHA ISSUES IMPACTING MULTIFAMILY AND RESIDENTIAL HEALTHCARE FINANCE, FLOOD AND TERRORISM RISK INSURANCE, AND APPRAISAL MATTERS. AT THE STATE LEVEL, WE WORKED WITH NUMEROUS STATE MORTGAGE BANKING ASSOCIATIONS ON A WIDE VARIETY OF HOUSING, LICENSING AND REAL ESTATE FINANCE ISSUES BY PROVIDING DATA AND POLICY ANALYSIS TO SUPPORT THEIR EFFORTS. IN ADDITION, MBA DEVELOPED MODEL LEGISLATION TO PROVIDE THE FRAMEWORK FOR STATES TO PERMIT REMOTE ONLINE NOTARIZATIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EDUCATIONMBA EDUCATION PROVIDED TRAINING TO APPROXIMATELY 12,000 REAL ESTATE FINANCE PROFESSIONALS DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2018. THE TRAINING TO THESE INDIVIDUALS WAS DELIVERED THROUGH ROUGHLY 400 PROGRAM OFFERINGS CONSISTING OF BOTH LIVE AND SELF-PACED COURSES. STUDENT CAN ACCESS TRAINING THROUGH A MIX OF CLASSROOM COURSES AND WORKSHOPS, WEBINARS AND WEBINAR RECORDINGS, RESOURCE GUIDES, CERTIFICATION AND DESIGNATION PROGRAMS, INSTRUCTOR-GUIDED ONLINE COURSES, AND WEB-BASED SELF-STUDY COURSES. THE COURSES COVER BOTH THE SINGLE FAMILY/RESIDENTIAL AND COMMERCIAL/MULTIFAMILY REAL ESTATE FINANCE INDUSTRIES, WITH CONTENT RANGING FROM INTRODUCTORY TO ADVANCED CONCEPTS. THE LARGEST AND MOST TIME INTENSIVE OFFERING IS THE SCHOOL OF MORTGAGE BANKING (SOMB), WHICH INCLUDES THREE DISTINCT FOUR-DAY CLASSROOM COURSES DELIVERED SEVERAL TIMES A YEAR IN CITIES ACROSS THE COUNTRY. IN THIS FISCAL YEAR, THE DEPARTMENT TRAINED 1,209 STUDENT THROUGH 44 SOMB OFFERINGS. IN MAY 2018, MBA EDUCATION ALSO LAUNCHED A NEW CERTIFICATION PROGRAM FOR SINGLE FAMILY COMPLIANCE PROFESSIONALS, CALLED THE CERTIFIED MORTGAGE COMPLIANCE PROFESSIONAL (CMCP) DESIGNATION PROGRAM. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 140 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 169 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (1) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (1) | NondeductibleContriDisclInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 36 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 36 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LISA J HAYNES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2025572835 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (51 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| J DAVID MOTLEY | |||||||||
| CHAIRMAN | 4.00 | 0.00 | Yes (X) | Yes (X) | $6,123 | $0 | $0 | ||
| CHRISTOPHER M GEORGE | |||||||||
| CHAIRMAN-ELECT | 7.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRIAN F STOFFERS | |||||||||
| VICE-CHAIRMAN | 4.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RODRIGO LOPEZ | |||||||||
| IMMEDIATE PAST CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $7,601 | $0 | $0 | ||
| RICK M ARVIELO | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| D STEVE BOLAND | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BYRON BOSTON | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TODD CHAMBERLAIN | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JONATHAN M CORR | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM M COSGROVE | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PHILIP DEFRONZO | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS S DENNARD | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL DEVITO | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTY FERCHO | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK FISHER | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TARI L FLANNERY | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL HEAGERTY | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK A JONES | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER LABIANCA | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES MACLEOD | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK D MARTELL | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL MAY | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| STANLEY C MIDDLEMAN | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PETER NORDEN | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| EDUARDO PEREZ | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KURT PFOTENHAUER | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| T ANTHONY PREMER | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANDREW RIPPERT | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN STEWART | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEBRA W STILL | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY TAYLOR | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD G THORNBERRY | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM WALKER | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL WEINBACH | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS L WIND | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID ZITTING | |||||||||
| BOARD MEMBER | 0.50 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID H STEVENS | |||||||||
| PRESIDENT & CEO | 34.70 | 0.30 | Yes (X) | $5,616,767 | $0 | $41,072 | |||
| HELEN R KANOVSKY | |||||||||
| SVP & GEN COUNSEL | 32.70 | 2.30 | Yes (X) | $379,778 | $0 | $14,850 | |||
| LISA J HAYNES | |||||||||
| VP & CFO | 27.70 | 2.30 | Yes (X) | $224,079 | $0 | $28,896 | |||
| MARCIA M DAVIES | |||||||||
| CHIEF OPERATING OFFICER | 34.70 | 0.30 | $812,794 | $0 | $39,204 | Yes (X) | |||
| WILLIAM P KILLMER | |||||||||
| SVP, LEGISLATIVE & POLITICAL AFFAIRS | 35.00 | 0.00 | $552,932 | $0 | $41,102 | Yes (X) | |||
| GORDON R MILLS | |||||||||
| SVP, RESIDENTIAL POLICY & MEMBER SERVICES | 35.00 | 0.00 | $546,490 | $0 | $38,064 | Yes (X) | |||
| STEPHEN O'CONNOR | |||||||||
| SVP, PUBLIC POLICY & INDUSTRY RELATIONS | 35.00 | 0.00 | $424,140 | $0 | $41,102 | Yes (X) | |||
| THOMAS K KIM | |||||||||
| SVP, CREF POLICY | 34.70 | 0.30 | $383,569 | $0 | $43,702 | Yes (X) | |||
| MICHAEL C FRATANTONI | |||||||||
| CHIEF ECONOMIST & SVP OF RESEARCH & INDUSTRY TECHN | 32.00 | 3.00 | $376,517 | $0 | $42,099 | Yes (X) | |||
| PETER GRACE | |||||||||
| CIO AND SVP, STRATEGY AND MEMBER SERVICES | 35.00 | 0.00 | $366,575 | $0 | $40,992 | Yes (X) | |||
| TRICIA MIGLIAZZO | |||||||||
| VP, MEMBERSHIP ENGAGEMENT | 35.00 | 0.00 | $349,220 | $0 | $20,260 | Yes (X) | |||
| GENEARLENE NEILL | |||||||||
| VP, HUMAN RESOURCES | 35.00 | 0.00 | $308,032 | $0 | $29,872 | Yes (X) | |||
| ELAINE HOWARD | |||||||||
| VP, CONFERENCES | 35.00 | 0.00 | $293,140 | $0 | $36,975 | Yes (X) | |||
| JAMES WOODWELL | |||||||||
| VP, COMMERCIAL REAL ESTATE | 35.00 | 0.00 | $289,138 | $0 | $22,253 | Yes (X) | |||
| JEFFREY SCHUMMER | |||||||||
| VP, EDUCATION BUSINESS DEVELOPMENT | 35.00 | 0.00 | $284,248 | $0 | $35,895 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $11,221,143 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $516,338 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 71 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| STRATMOR GROUP LLC | |||||
| PO BOX 19436 | BOULDER | CO | 80308 | DATA DRIVEN MORTGAGE ADVISORY | $444,677 |
| LOCUST STREET GROUP | |||||
| 2008 HILLYER PL NW | WASHINGTON | DC | 20009 | CAMPAIGN PLANNING AND EXECUTION | $224,572 |
| CHARTER OAK SYSTEMS LLC | |||||
| 5 PLANTATION COURT | BETHEL | CT | 06801 | INTERACTIVE DECISION CONSULTING | $146,042 |
| PORTERFIELD FETTIG & SEARS | |||||
| 400 NORTH CAPITOL ST NW STE 363 | WASHINGTON | DC | 20001 | GOVT RELATIONS & PUBLIC AFFIARS SERVICES | $120,000 |
| HOLLAND & KNIGHT | |||||
| PO BOX 864084 | ORLANDO | FL | 328864084 | LEGISLATIVE & ADVOCACY CONSULTING | $110,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $100,000 | RelatedOrganizationsAmt |
| Total Contributions | $100,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| ANNUAL CONVENTION AND OTHER PROGR | 900099 | $30,450,426 | $30,450,426 | |
| MEMBERSHIP DUES | 900099 | $24,392,821 | $24,392,821 | |
| EDUCATIONAL PROGRAMS | 900099 | $4,361,092 | $4,361,092 | |
| PERIODICALS & PUBLICATIONS | 541800 | $1,913,490 | $868,650 | $1,044,840 |
| PRODUCT FEES | 900099 | $1,303,189 | $1,303,189 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $159,058 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $159,058 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $62,580,076 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,239,861 | TotalRevenueColumnAmt |
| Exclusion | $1,239,861 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $521,182 | TotalRevenueColumnAmt |
| Exclusion | $521,182 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,178,405 | SecuritiesAmt |
| Other | $82,996 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $15,711,364 | SecuritiesAmt |
| Other | $82,796 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $467,041 | SecuritiesAmt |
| Other | $200 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $467,241 | TotalRevenueColumnAmt |
| Exclusion | $467,241 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $168,194 | TotalRevenueColumnAmt |
| Exclusion | $168,194 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $168,194 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $65,076,554 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $61,535,236 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,044,840 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,396,478 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $253,515 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,081,184 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,235,076 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,353,174 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,720,545 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,398,855 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,626 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,125 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $123,757 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $205,365 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,520,835 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,114 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $811,561 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,629,670 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,644 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,892,665 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,133,541 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,066,002 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,336 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $550,225 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $308,365 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| TAXES | $1,247 |
| EQUIPMENT RENTAL & MAIN | $2,303,777 |
| PRINTING & PUBLICATIONS | $1,256,608 |
| MEALS AND ENTERTAINMENT | $1,030,534 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,927,852 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,387,198 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,372,128 | BOYAmt |
| EOY | $34,659,900 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $359,805 | BOYAmt |
| EOY | $509,299 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,081,936 | BOYAmt |
| EOY | $3,415,099 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,746,061 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,872,962 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,423,138 | BOYAmt |
| EOY | $2,873,099 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,523,995 | BOYAmt |
| EOY | $58,970,209 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,075,134 | BOYAmt |
| EOY | $1,360,925 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,836,136 | BOYAmt |
| EOY | $101,788,531 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,140,888 | BOYAmt |
| EOY | $4,962,728 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,736,756 | BOYAmt |
| EOY | $25,665,563 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,404,547 | BOYAmt |
| EOY | $3,410,685 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,282,191 | BOYAmt |
| EOY | $34,038,976 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,468,742 | BOYAmt |
| EOY | $67,656,215 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,203 | BOYAmt |
| EOY | $93,340 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,553,945 | BOYAmt |
| EOY | $67,749,555 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $89,836,136 | BOYAmt |
| EOY | $101,788,531 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,689,356 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$829,620 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $335,874 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION PAC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20036 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526144335 | EIN |
| Contributions Rcvd Dlvr | $1,299,028 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $24,392,821 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $2,891,494 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | $2,146,297 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $5,037,791 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $3,658,923 | AggregateReportedDuesNtcAmt |
| Carried Over | $1,378,868 | CarriedOverAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | MBA'S POLITICAL ACTIVITY FOR THE YEAR ENDED 9/30/18 CONSISTED OF ACTIVITIES CONDUCTED SOLELY THROUGH ITS CONNECTED PAC, THE MORTGAGE BANKERS ASSOCIATION PAC (MORPAC). | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,761,208 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,113,973 | DepreciationAmt |
| Book Value | $1,647,235 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,871,787 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,492,906 | DepreciationAmt |
| Book Value | $378,881 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,113,066 | OtherCostOrOtherBasisAmt |
| Depreciation | $266,083 | DepreciationAmt |
| Book Value | $846,983 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,873,099 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED RENT AND LEASE INCENTIVE | $3,372,059 |
| DUE TO AFFILIATES | $38,626 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,410,685 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $64,041,369 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$829,620 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$829,620 | RevenueNotReportedAmt |
| Revenue Subtotal | $64,870,989 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $205,365 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $200 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $205,565 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $65,076,554 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $53,845,759 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$336,074 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$336,074 | ExpensesNotReportedAmt |
| Expenses Subtotal | $54,181,833 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $205,365 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $205,365 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,387,198 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | GAIN ON DISPOSITION OF FIXED ASSET INCLUDED AS REVENUE FOR AUDIT 200. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | GAIN ON DISPOSITION OF FIXED ASSET INCLUDED AS REVENUE FOR AUDIT -200. PENSION CHANGES NOT INCLUDED IN PERIODIC PENSION COST -335,874. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| CHILDREN'S HOSPITAL AND MEDICAL CENTER FOUNDATION | |||||||
| 8401 WEST DODGE RD STE 120 | OMAHA | NE | 68114 | 476105603 | 501C3 | $5,500 | DONATION |
| NF FORWARD | |||||||
| 1074 WOODWARD AVENUE | DETROIT | MI | 48226 | 821672519 | 501C3 | $7,500 | CONTRIBUTION/SPONSORSHIP |
| CAMPAIGN TO END OBESITY | |||||||
| 1341 G ST NW 6H FLOOR | WASHINGTON | DC | 20005 | 260389702 | 501C4 | $10,000 | CONTRIBUTION/SPONSORSHIP |
| MAKE ROOM INC | |||||||
| 8401 COLESVILLE RD SUITE 300 | SILVER SPRING | MD | 20910 | 814676815 | 501C3 | $10,000 | CONTRIBUTION/SPONSORSHIP |
| SHOW ME CAMPAIGN | |||||||
| 750 W 7TH STREET BOX 811026 | LOS ANGELES | CA | 90081 | 461820448 | 501C3 | $10,000 | DONATION |
| JOHNS HOPKINS MEDICAL INSTITUTIONS | |||||||
| 3910 KESWICK ROAD SUITE N2100 | BALTIMORE | MD | 21211 | 520595110 | 501C3 | $15,000 | DONATION |
| THE CMG FOUNDATION | |||||||
| 3160 CROW CANYON ROAD | SAN RAMON | CA | 94583 | 455058060 | 501C3 | $32,995 | DONATION |
| MBA OPENS DOORS FOUNDATION | |||||||
| 1919 M ST NW | WASHINGTON | DC | 20036 | 320355086 | 501C3 | $60,951 | DONATION |
| JAY BON SALLE FOUNDATION | |||||||
| 6001 4TH STREET N | ARLINGTON | VA | 22203 | 300155891 | 501C3 | $10,000 | DONATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID H STEVENS | ||||||||||||||
| PRESIDENT & CEO | $1,586,028 | $0 | $1,842,350 | $0 | $2,188,389 | $0 | $22,920 | $0 | $21,176 | $0 | $5,660,863 | $0 | $0 | $0 |
| HELEN R KANOVSKY | ||||||||||||||
| SVP & GEN COUNSEL | $322,656 | $0 | $50,000 | $0 | $7,122 | $0 | $14,850 | $0 | $3,024 | $0 | $397,652 | $0 | $0 | $0 |
| LISA J HAYNES | ||||||||||||||
| VP & CFO | $196,854 | $0 | $26,200 | $0 | $1,025 | $0 | $12,206 | $0 | $19,714 | $0 | $255,999 | $0 | $0 | $0 |
| MARCIA M DAVIES | ||||||||||||||
| CHIEF OPERATING OFFICER | $560,472 | $0 | $250,000 | $0 | $2,322 | $0 | $22,950 | $0 | $19,278 | $0 | $855,022 | $0 | $0 | $0 |
| WILLIAM P KILLMER | ||||||||||||||
| SVP, LEGISLATIVE & POLITICAL AFFAIRS | $490,520 | $0 | $60,000 | $0 | $2,412 | $0 | $22,950 | $0 | $21,176 | $0 | $597,058 | $0 | $0 | $0 |
| GORDON R MILLS | ||||||||||||||
| SVP, RESIDENTIAL POLICY & MEMBER SER | $444,078 | $0 | $100,000 | $0 | $2,412 | $0 | $19,913 | $0 | $20,420 | $0 | $586,823 | $0 | $0 | $0 |
| STEPHEN O'CONNOR | ||||||||||||||
| SVP, PUBLIC POLICY & INDUSTRY RELATI | $368,728 | $0 | $53,000 | $0 | $2,412 | $0 | $22,950 | $0 | $21,176 | $0 | $468,266 | $0 | $0 | $0 |
| THOMAS K KIM | ||||||||||||||
| SVP, CREF POLICY | $331,728 | $0 | $51,000 | $0 | $841 | $0 | $22,950 | $0 | $23,776 | $0 | $430,295 | $0 | $0 | $0 |
| MICHAEL C FRATANTONI | ||||||||||||||
| CHIEF ECONOMIST & SVP OF RESEARCH & | $325,676 | $0 | $50,000 | $0 | $841 | $0 | $22,950 | $0 | $19,149 | $0 | $418,616 | $0 | $0 | $0 |
| PETER GRACE | ||||||||||||||
| CIO AND SVP, STRATEGY AND MEMBER SER | $333,734 | $0 | $32,000 | $0 | $841 | $0 | $22,444 | $0 | $21,573 | $0 | $410,592 | $0 | $0 | $0 |
| TRICIA MIGLIAZZO | ||||||||||||||
| VP, MEMBERSHIP ENGAGEMENT | $333,750 | $0 | $14,900 | $0 | $570 | $0 | $20,260 | $0 | $0 | $0 | $369,480 | $0 | $0 | $0 |
| GENEARLENE NEILL | ||||||||||||||
| VP, HUMAN RESOURCES | $269,331 | $0 | $35,000 | $0 | $3,701 | $0 | $22,890 | $0 | $10,006 | $0 | $340,928 | $0 | $0 | $0 |
| ELAINE HOWARD | ||||||||||||||
| VP, CONFERENCES | $260,728 | $0 | $30,000 | $0 | $2,412 | $0 | $16,223 | $0 | $23,776 | $0 | $333,139 | $0 | $0 | $0 |
| JAMES WOODWELL | ||||||||||||||
| VP, COMMERCIAL REAL ESTATE | $261,800 | $0 | $26,000 | $0 | $1,338 | $0 | $22,253 | $0 | $3,024 | $0 | $314,415 | $0 | $0 | $0 |
| JEFFREY SCHUMMER | ||||||||||||||
| VP, EDUCATION BUSINESS DEVELOPMENT | $280,732 | $0 | $0 | $0 | $3,516 | $0 | $21,287 | $0 | $15,616 | $0 | $321,151 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINES 4A-B | MBA CREATED A NONQUALIFIED DEFERRED COMPENSATION PLAN ON BEHALF OF DAVID STEVENS, MBA'S PRESIDENT AND CEO. AMOUNTS DUE UNDER THE PLAN ARE SUBJECT TO VARIOUS VESTING SCHEDULES AND PROVISIONS. NO AMOUNT WAS ACCRUED TO THE PLAN FOR THE YEAR ENDED 9/30/18. |
| PART I, LINE 4A: | DAVID H. STEVENS: SEVERANCE OF $2,175,000 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | MBA HAS AN EXECUTIVE COMMITTEE THAT IS EMPOWERED TO ACT ON BEHALF OF THE FULL BOARD OF DIRECTORS BETWEEN MEETINGS. THE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ADOPT OFFICIAL POSITIONS ON PUBLIC POLICY MATTERS (UNLESS EXPLICITLY PROVIDED THAT POWER); APPROVE THE ANNUAL BUDGET; DETERMINE MEMBER DUES; APPOINT OR REMOVE THE PRESIDENT AND CEO; FILL BOARD AND EXECUTIVE COMMITTEE VACANCIES; ADOPT BYLAWS AMMENDMENTS; APPROVE ORGANIZATIONAL CONSOLIDATION OR MERGER; OR ELIMINATE A STANDING COMMITTEE. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE ELECTED OFFICERS AND THE CHAIRS OF COMBOG AND RESBOG, AS WELL AS THE PRESIDENT AND CEO OF THE ASSOCIATION SERVING EX OFFICIO AS NONVOTING MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 6 | MBA IS A NONPROFIT MEMBERSHIP CORPORATION. IT HAS THE FOLLOWING CLASSES OF MEMBERSHIP: (A) REGULAR MEMBERS - FINANCIAL INSTITUTIONS AND OTHER ENTITIES THAT ARE REGULARLY IN THE BUSINESS OF ORIGINATING, SERVICING, OR INVESTING IN MORTGAGE LOANS OR OTHERWISE SHARE IN THE RISK OF MORTGAGE LOAN PERFORMANCE, SUCH AS MORTGAGE INSURERS AND TITLE INSURANCE UNDERWRITERS, SHALL BE CONSIDERED REGULAR MEMBERS. (B) ASSOCIATE MEMBERS - BUSINESS ORGANIZATIONS, FINANCIAL INSTITUTIONS, AND INDIVIDUALS THAT REGULARLY PROVIDE SERVICE OR PRODUCTS FOR BUSINESS ORGANIZATIONS OR FINANCIAL INSTITUTIONS ELIGIBLE TO BE REGULAR MEMBERS SHALL BE CONSIDERED ASSOCIATE MEMBERS. (C) ALLIANCE MEMBER - THE BOARD OF DIRECTORS NAMES AS THE SOLE ALLIANCE MEMBER THE MORTGAGE ACTION ALLIANCE, INC., AN AFFILIATE ORGANIZATION THAT OPERATES TO PROMOTE THE COMMON BUSINESS INTERESTS OF THE RESIDENTIAL AND COMMERCIAL REAL ESTATE FINANCE INDUSTRIES THROUGH GRASSROOTS ADVOCACY ACTIVITIES. (D) HONORARY MEMBERS - INDIVIDUALS WHO HAVE SERVED ALL OR PART OF TWO TERMS AS A MEMBER OF ONE OF THE BOARDS OF GOVERNORS, OR WHO HAVE SERVED AS AN OFFICER FOR TWO YEARS, AND WHO HAVE RETIRED FROM ACTIVE BUSINESS SHALL BE CONSIDERED HONORARY MEMBERS. (E) STUDENT MEMBERS - INDIVIDUALS (I) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN A COMMUNITY OR OTHER TWO-YEAR COLLEGE OR OTHER POST-SECONDARY EDUCATIONAL INSTITUTION ("EDUCATIONAL INSTITUTION") AND ALSO VALIDLY ENROLLED IN THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION, OR (II) WHO, PRIOR TO EMPLOYMENT IN THE REAL ESTATE FINANCE INDUSTRY, ARE VALIDLY ENROLLED IN ANY EDUCATIONAL INSTITUTION AFTER COMPLETING THE ASSOCIATION'S CURRENT CAREER EDUCATION COURSE, OR OTHER COMPARABLE INSTRUCTIONAL COURSE PROVIDED BY THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | UNDER THE ASSOCIATION'S BYLAWS, ONLY REGULAR MEMBERS AND THE ALLIANCE MEMBER MAY ELECT OFFICERS AND THE AT-LARGE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO MERGE INTO ANOTHER ASSOCIATION OR OTHER ENTITY, OR A PLAN OF MERGER THAT CALLS FOR THE ASSOCIATION TO ABSORB ANOTHER ASSOCIATION OR OTHER ENTITY, AND THE MERGER WOULD RESULT IN (I) A NAME CHANGE FOR THE ASSOCIATION, (II) THE CREATION OF A NEW MEMBERSHIP CLASS, (III) THE ELIMINATION OF A MEMBERSHIP CLASS, OR (IV) A SUBSTANTIAL CHANGE TO THE THEN CURRENT GOVERNANCE SYSTEM. IN ADDITION, REGULAR MEMBERS ARE REQUIRED TO APPROVE A PLAN FOR CONSOLIDATION WHEREBY THE ASSOCIATION WOULD COMBINE WITH ONE OR MORE ASSOCIATIONS TO CREATE A NEW ASSOCIATION AND CEASE TO EXIST AS AN INDEPENDENT ENTITY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FIVE INDEPENDENT MEMBERS OF THE AUDIT COMMITTEE, WHICH IS A BOARD-LEVEL COMMITTEE, RECEIVED A COPY OF THE FORM 990 BEFORE ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IT IS MBA'S POLICY THAT NO COVERED PARTY PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY IF THE COVERED PARTY'S PARTICIPATION WOULD CREATE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. MBA'S CONFLICTS POLICY REQUIRES ANNUAL DISCLOSURE TO THE MBA GENERAL COUNSEL AND SECRETARY OF "CONFLICTS OF INTEREST" DEFINED AS A SITUATION IN WHICH A COVERED PARTY WOULD PARTICIPATE IN THE EVALUATION OR APPROVAL BY MBA OF ANY CONTRACTUAL ARRANGEMENT TO WHICH MBA MAY BECOME A PARTY, IF SUCH INDIVIDUAL, OR SUCH INDIVIDUAL'S EMPLOYER, WOULD OBTAIN MORE THAN AN INSIGNIFICANT FINANCIAL BENEFIT, EITHER DIRECTLY OR INDIRECTLY. "COVERED PARTY" MEANS A MEMBER OF THE MBA BOARD OF DIRECTORS OR A MEMBER OF A BOARD COMMITTEE OR BOARD TASK FORCE THAT MAY BOTH (I) RECOMMEND ENTERING INTO CONTRACTS AND (II) PLAY A ROLE IN VENDOR REVIEW AND SELECTION. MOREOVER, COVERED PARTIES ARE SUPPOSED TO UPDATE THEIR DISCLOSURES AS CIRCUMSTANCES WARRANT AND PROVIDE THEM TO THE MBA GENERAL COUNSEL AND SECRETARY. THE DISINTERESTED MEMBERS OF THE EXECUTIVE COMMITTEE OF THE MBA BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS OR BEHAVIOR IN CONFLICT WITH THIS POLICY HAS OCCURRED, AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY) AND ITS DECISION WILL BE FINAL, EXCEPT AS FOLLOWS. THE EXECUTIVE COMMITTEE SHALL INFORM THE FULL BOARD OF DIRECTORS OF ANY DISAGREEMENT BETWEEN THE EXECUTIVE COMMITTEE AND THE DISCLOSING DIRECTOR AS TO ITS DETERMINATION THAT A CONFLICT OF INTEREST, OR BEHAVIOR IN CONFLICT OF THE POLICY, EXISTS AND ANY RECOMMENDED ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE THE EXECUTIVE COMMITTEE'S DETERMINATIONS IN THIS CONTEXT. THE CONFLICTS OF INTEREST POLICY ALSO ADDRESSES CONFIDENTIALITY. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR PRESIDENT AND CEO 1. REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE, ON BEHALF OF THE BOARD, WILL REVIEW AND APPROVE THE COMPENSATION OF MBA'S CHIEF EMPLOYED EXECUTIVE, THE PRESIDENT, PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE PRESIDENT USING AS REFERENCES POINTS: (I) COMPENSATION OF ANY PREDECESSOR PRESIDENT, AND (II) READILY AVAILABLE PUBLIC DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (FORMAL BENCHMARKING STUDIES BY OUTSIDE COMPENSATION CONSULTANTS NEED NOT BE COMMISSIONED ANNUALLY BUT MAY BE SOUGHT PERIODICALLY). 3. ASSESSMENT OF PERFORMANCE. THE COMPENSATION COMMITTEE WILL TAKE INTO ACCOUNT: (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD, (II) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD, AND (III) SUCH OTHER CONSIDERATIONS AS MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. PROCESS FOR SPECIFIED KEY EMPLOYEES 1. REVIEW AND APPROVAL. THE PRESIDENT WILL SUBMIT RECOMMENDATIONS TO THE COMPENSATION COMMITTEE FOR REVIEW AND APPROVAL OF THE TOTAL COMPENSATION OF THE FOLLOWING SPECIFIED KEY EMPLOYEES, AS DEFINED IN THE INTERNAL REVENUE SERVICE'S FORM 990 INSTRUCTIONS: --THE CHIEF FINANCIAL OFFICER --THE SECRETARY, AS APPROVED BY THE BOARD OF DIRECTORS --ALL SENIOR VICE PRESIDENTS PROVIDED THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 'COMPENSATION' MEANS INITIAL SALARY, SPECIAL BENEFITS NOT GENERALLY AVAILABLE TO MBA STAFF, SALARY INCREASES AND BONUSES. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION COMMITTEE WILL REVIEW AND SET THE COMPENSATION OF THE SPECIFIED KEY EMPLOYEES, BASED ON THE RECOMMENDATIONS OF THE PRESIDENT, WHO WILL USE AS REFERENCES POINTS: (I) READILY AVAILABLE PUBLIC OR OTHER DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS (MBA NEED NOT OBTAIN FORMAL BENCHMARKING STUDIES FROM OUTSIDE COMPENSATION CONSULTANTS ANNUALLY BUT THESE MAY BE SOUGHT PERIODICALLY); AND (II) THE SALARY AND LENGTH OF SERVICE OF THE PREVIOUS INCUMBENT. 3. ASSESSMENT OF PERFORMANCE. THE COMPENSATION COMMITTEE WILL REVIEW FOR SPECIFIED KEY EMPLOYEES THE PRESIDENT'S ASSESSMENT OF -- (I) THE LEVEL OF ATTAINMENT OF MBA'S GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (II) THE LEVEL OF ATTAINMENT OF A SPECIFIED KEY EMPLOYEE'S INDIVIDUAL GOALS AND OBJECTIVES OVER THE REVIEW PERIOD; (III) THE NATURE OF THE PARTICULAR EXTERNAL AND INTERNAL CHALLENGES FACING MBA OVER THE REVIEW PERIOD; AND (IV) OTHER, DOCUMENTED CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS. PROCESS FOR REMAINING EMPLOYEES FOR THE REMAINING EMPLOYEES, THE BOARD HEREBY APPROVES THE FOLLOWING PROCESS FOR DETERMINING TOTAL COMPENSATION: 1. THE PRESIDENT IS AUTHORIZED AND DIRECTED TO: (A) IMPLEMENT MBA'S PRESENT EMPLOYEE POSITION CLASSIFICATION SYSTEM THAT IDENTIFIES FUNCTIONALLY COMPARABLE POSITIONS ACROSS GROUPS, AND (B) ADMINISTER A COMPENSATION PLAN BASED ON: (I) SUCH CLASSIFICATION SYSTEM, (II) REASONABLY AVAILABLE CURRENT COMPENSATION DATA FROM SIMILARLY SITUATED ASSOCIATIONS, (III) MBA'S GOALS AND OBJECTIVES, AND (IV) SUCH OTHER CRITERIA OR CONSIDERATIONS THAT MAY BE APPLICABLE UNDER THE PREVAILING CIRCUMSTANCES. 2. THE PRESIDENT IS FURTHER AUTHORIZED TO REVISIT THE EMPLOYEE CLASSIFICATION SYSTEM AS WELL AS TO ENGAGE COMPENSATION CONSULTANTS, FROM TIME TO TIME, TO HELP ASSURE THAT THE EMPLOYEE CLASSIFICATION SYSTEM AND THE COMPENSATION DATA AND PLAN REMAIN RELEVANT TO THE ACHIEVEMENT OF MBA'S OVERALL GOALS AND OBJECTIVES. 3. UNDER EXCEPTIONAL CIRCUMSTANCES THAT MUST BE DOCUMENTED AND REPORTED TO THE COMPENSATION COMMITTEE, THE PRESIDENT IS AUTHORIZED TO OFFER SIGNING OR RETENTION BONUSES AND OTHER FORMS OF COMPENSATION TO EMPLOYEES IN ORDER TO HELP ASSURE THE SMOOTH OPERATION OF MBA AND/OR THE ACHIEVEMENT OF SIGNIFICANT MBA GOALS AND OBJECTIVES. |
| FORM 990, PART VI, SECTION C, LINE 19 | CHARTER, BYLAWS AND CONFLICTS OF INTEREST POLICY ARE PROVIDED UPON REQUEST. FINANCIAL INFORMATION IS PROVIDED THROUGH THE FORM 990 UPON REQUEST. FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS AND ARE NOT MADE AVAILABLE PUBLICLY. |
| FORM 990, PART XI, LINE 9: | PENSION-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 335,874. |
| FORM 990, PART XII, LINE 2C | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|
| 1331 L STREET LLC (DISREGARDED ENTITY) | ||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 331210397 | HOLDS MBA HEADQUARTERS OFFICE BUILDING | DE |
| MBA FIRST LLC (DISREGARDED ENTITY) | ||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | PROVIDES SVCS TO ORGANIZATIONS IN THE REAL ESTATE FINANCE INDUSTRY | DC | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|
| MISMO INC | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 510502943 | DEVELOPING, PROMOTING AND MAINTAINING VOLUNTARY ELECTRONIC COMMERCE STDS | DE | 501(C)(6) | Yes (1) | |
| RIHA | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 366109824 | FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE | IL | 501(C)(3) | Yes (1) | 509(A)(3) |
| MORPAC | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 526144335 | POLITICAL ACTION COMMITTEE | DC | 527 | Yes (1) | |
| MORTGAGE ACTION ALLIANCE INC | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 271893100 | SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY | DE | 501(C)(6) | Yes (1) | |
| MBA OPENS DOORS FOUNDATION | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 320355086 | PROVIDES RENTAL & MORTGAGE ASSISTANCE TO FAMILIES W/CRITICALLY ILL CHILDREN. | DE | 501(C)(3) | Yes (1) | 170(B)(1)(A)(VI) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (11 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| RIHA - SALARY SUPPLEMENT | ||
| O | $30,000 | CASH-BOOK VALUE |
| RIHA - ACTUAL EXPENDITURES (AUDITTAX FEES) | ||
| Q | $9,650 | CASH-BOOK VALUE |
| RIHA - GRANT TO MBA'S EDUC DEPT'S PATH TO DIVERSITY SCHOLARSHIP | ||
| C | $100,000 | CASH-BOOK VALUE |
| MISMO INC - CONTRACTUAL FEE | ||
| L | $565,524 | CASH-BOOK VALUE |
| MISMO INC - ACTUAL EXPENDITURES | ||
| Q | $173,337 | CASH-BOOK VALUE |
| MISMO INC - REIMBURSEMENT FOR CREDIT CARD RECEIPTS | ||
| P | $395,578 | CASH-BOOK VALUE |
| MISMO INC - REIMBURSEMENT FOR BANK INTERESTS | ||
| R | $2,414 | CASH-BOOK VALUE |
| MBA OPENS DOORS FOUNDATION-MBA GUIDE BOOK SALES & CHAIRMAN'S CONF CONTRIB | ||
| B | $69,962 | CASH-BOOK VALUE |
| MBA OPENS DOORS FOUNDATION-SHARING OF EMPLOYEES | ||
| O | $389,591 | CASH-BOOK VALUE |
| MBA OPENS DOORS FOUNDATION-REIMBURSEMENT OF EXPENDITURES | ||
| Q | $76,388 | CASH-BOOK VALUE |
| CONTRIBUTION BY MORPAC ADMIN FUND TO OPENS DOORS FOUNDATION | ||
| B | $10,000 | CASH-BOOK VALUE |
Comments