MORTGAGE BANKERS ASSOCIATION OF AMERICA: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE BANKERS ASSOCIATION OF AMERICA (EIN 36-1505650)
- Tax period
- 2013-10-01 to 2014-09-30
- Filed
- 2015-08-14
- IRS object ID
- 201502269349301850
- Schema version
- 2013v4.0
- 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 | 2015-08-14T10:06:11-05:00 | ReturnTs |
| Tax Period End | 2014-09-30 | 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 | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2021 L STREET NW SUITE 400 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-10-01 | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LISA J HAYNES | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2025572700 | PhoneNum |
| Signature | 2015-08-14 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID H STEVENS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW NO 5TH FL | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $53,232,652 | 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 | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 140 | TotalEmployeeCnt |
| Total Volunteers | 2000 | TotalVolunteersCnt |
| Total Gross UBI | $2,077,668 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $44,562,211 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $51,282,830 | CYProgramServiceRevenueAmt |
| PY Investment Income | $66,293 | PYInvestmentIncomeAmt |
| CY Investment Income | -$51,936 | CYInvestmentIncomeAmt |
| PY Other Revenue | $894,481 | PYOtherRevenueAmt |
| CY Other Revenue | $701,101 | CYOtherRevenueAmt |
| PY Total Revenue | $45,522,985 | PYTotalRevenueAmt |
| CY Total Revenue | $51,931,995 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,526,830 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,002,062 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,172,068 | PYOtherExpensesAmt |
| CY Other Expenses | $16,197,330 | CYOtherExpensesAmt |
| PY Total Expenses | $36,698,898 | PYTotalExpensesAmt |
| CY Total Expenses | $39,199,392 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,824,087 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,732,603 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $25,799,113 | TotalAssetsBOYAmt |
| Total Assets EOY | $42,357,558 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,595,601 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,684,487 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$3,796,488 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,673,071 | 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 2014 (FY2014), ENDING SEPTEMBER 30, 2014, SAW MORE THAN 17,332 INDIVIDUAL ATTENDEES AT 20 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 2013 IN WASHINGTON, DC WITH 4,515 ATTENDEES. THE CREF/MULTIFAMILY HOUSING CONVENTION & EXPO WAS HELD IN FEBRUARY 2014 IN ORLANDO WITH 2,774 ATTENDEES. SPONSORSHIP AND BOOTH SALES REMAINED STRONG AT THE MBA MEETINGS WITH 525 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 15 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, NATIONAL TECHNOLOGY IN MORTGAGE BANKING 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, RISK MANAGEMENT, AND ACCOUNTING AND FINANCIAL MANAGEMENT AND THIS YEAR THE DIVERSITY AND INCLUSION WAS ADDED. 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 AND OTHER CONTINUING EDUCATION CREDITS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ADVOCACY FOR MEMBERS AND THE INDUSTRYMBA SENT OVER 75 LETTERS TO REGULATORY POLICYMAKERS ON REAL ESTATE FINANCE INDUSTRY ISSUES IN 2014. MOREOVER, MBA INVOLVED HUNDREDS OF INDIVIDUALS FROM ACROSS THE ASSOCIATION'S MEMBERSHIP IN THE DEVELOPMENT AND REFINEMENT OF ITS ADVOCACY POSITIONS -- AS MBA EDUCATED POLICYMAKERS IN CONGRESS, STATE CAPITALS, FEDERAL AGENCIES, CONSUMER GROUPS AND HOUSING-RELATED TRADE ASSOCIATIONS. MBA ALSO BROUGHT IN HUNDREDS OF REPRESENTATIVES FROM ITS MEMBER COMPANIES TO MEET WITH FEDERAL REGULATORS ON MANY TOP POLICY ISSUES, MOST POINTEDLY DURING THE ASSOCIATION'S NATIONAL ADVOCACY CONFERENCE. THROUGH THESE EFFORTS, MBA MADE SIGNIFICANT PROGRESS FOR THE INDUSTRY'S RESIDENTIAL SECTOR, THE SECTOR MOST CONCERNED WITH LEGISLATIVE AND REGULATORY ISSUES, INCLUDING CHANGES TO THE CONSUMER FINANCIAL PROTECTION BUREAU'S QUALIFIED MORTGAGE (QM) STANDARD THAT PROVIDE MORTGAGE LENDERS WITH A RIGHT TO CURE INADVERTENT ERRORS IN CALCULATING THE THREE PERCENT CAP ON POINTS AND FEES; SIGNIFICANT CHANGES TO THE WAY FANNIE MAE AND FREDDIE MAC (THE GSES) CALCULATE COMPENSATORY SERVICING FEES THAT WILL SHARPLY REDUCE THE VOLUME OF THESE FEES AND ELIMINATE THEM ENTIRELY FOR MANY SMALL MORTGAGE SERVICERS; CRITICAL REFORMS TO THE GSES' REPRESENTATION AND WARRANTY FRAMEWORK THAT WILL PROVIDE LENDERS WITH GREATER CERTAINTY ABOUT MANUFACTURING RISKS AND REMEDIES, AND ALIGNMENT BY FEDERAL AGENCIES OF THE QUALIFIED RESIDENTIAL MORTGAGE (QRM) AND QM STANDARDS, AMONG OTHER ISSUES. ON THE LEGISLATIVE FRONT IN 2014, MBA PROVIDED KEY INPUT DURING HEARINGS AND IN THE DEBATE THAT LED TO LEGISLATION BEING PASSED BY THE SENATE BANKING COMMITTEE TO END THE GSES' CONSERVATORSHIP AND REFORM FANNIE MAE AND FREDDIE MAC. NOTABLY, MBA STRIVED TO ENSURE THAT ANY NEW FRAMEWORK WOULD BE FAIR TO LENDERS OF ALL SIZES AND BUSINESS MODELS. MBA ALSO FOCUSED ON LEGISLATIVE EFFORTS TO PROVIDE RESIDENTIAL LENDERS GREATER FLEXIBILITY TO FIT LOANS UNDER THE QM STANDARD'S STRICT THREE PERCENT CAP ON POINTS AND FEES; SOUGHT THE INCLUSION OF A SERIES OF MORTGAGE-RELATED TAX PROVISIONS VITAL TO BOTH THE RESIDENTIAL AND MULTIFAMILY SECTORS (MORTGAGE DEBT FORGIVENESS, MORTGAGE INSURANCE PREMIUM DEDUCTIBILITY, AND A FIXED RATE FOR LOW-INCOME HOUSING TAX CREDIT MULTIFAMILY CONSTRUCTION PROJECTS); AND ADVOCATED FOR THE REAUTHORIZATION OF THE TERRORISM RISK INSURANCE PROGRAM FOR THE INDUSTRY'S COMMERCIAL/MULTIFAMILY SECTORS. ADDITIONALLY, MBA TESTIFIED BEFORE THE HOUSE OF REPRESENTATIVES ON THE EFFECTS OF RESIDENTIAL MORTGAGE LENDING STANDARDS UNDER THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT.MBA'S STATE GOVERNMENT AFFAIRS PROGRAM ALSO WORKED ON SEVERAL KEY ISSUES IN 2014, ASSISTING STATE AND LOCAL ASSOCIATIONS IN NUMEROUS ADVOCACY ENDEAVORS. A CONSIDERABLE EFFORT WAS MADE BY MBA TO ADDRESS ASYMMETRICAL STATE MORTGAGE LOAN ORIGINATOR (MLO) LICENSING STANDARDS UNDER THE SECURE AND FAIR ENFORCEMENT FOR MORTGAGE LICENSING ACT OF 2008, WITH EMPHASIS ON CONTINUING A COORDINATED CAMPAIGN WITH STATE AND LOCAL ASSOCIATIONS TO SUPPORT THE CONFERENCE OF STATE BANK SUPERVISORS' UNIFORM STATE TEST FOR THESE MLOS. ALSO, MBA SUPPORTED EFFORTS BY SIX LOCAL NEW YORK ASSOCIATIONS TO ACHIEVE ENACTMENT OF A NEW YORK LAW THAT RESTORED CONSUMER ACCESS TO SINGLE-FAMILY RESIDENTIAL LOANS INSURED BY THE FEDERAL HOUSING ADMINISTRATION -- THIS AFFORDABLE HOME FINANCING HAD BEEN UNINTENTIONALLY SHUT DOWN BY A FEDERAL POLICY ADJUSTMENT, AND MORTGAGE CREDIT ACCESS FOR MANY FIRST-TIME AND LOW- TO MODERATE-INCOME BORROWERS HAD BEEN RELIANT ON TEMPORARY, EMERGENCY REGULATIONS ISSUED AT 90-DAY INTERVALS. ADDITIONALLY -- THROUGH LETTERS, OP-EDS AND DISCUSSIONS WITH KEY POLICYMAKERS -- MBA AND STATE AND LOCAL ASSOCIATIONS PARTNERED TO PREVENT LOCAL GOVERNMENTS FROM UTILIZING EMINENT DOMAIN MORTGAGE SEIZURE PROPOSALS IN LOCATIONS RANGING FROM SEATTLE, WASHINGTON TO SAN FRANCISCO, CALIFORNIA. THE PASSAGE OF THESE PROPOSALS IN ANY JURISDICTION WOULD HAVE HAD DETRIMENTAL FINANCIAL EFFECTS ON CURRENT AND POTENTIAL HOMEOWNERS, INVESTORS AND LOCAL GOVERNMENTS THEMSELVES.DURING THE 2013-2014 POLITICAL CYCLE, MBA'S POLITICAL ACTION COMMITTEE, MORPAC, RAISED AND RECEIVED CONTRIBUTIONS IN EXCESS OF $1.43 MILLION FROM MORE THAN 1,500 INDIVIDUALS. AND IN 2014, MORE THAN 9,000 COMMUNICATIONS WERE SENT BY MORTGAGE ACTION ALLIANCE (MAA) MEMBERS TO THEIR ELECTED OFFICIALS AND REGULATORS. OF THE 20 "CALLS TO ACTION" EMAILS MBA PROMPTED MAA MEMBERS TO ACT UPON, FIVE WERE TARGETED AT THE STATE LEVEL AND TWO WERE SPECIFICALLY FOCUSED ON COMMERCIAL/MULTIFAMILY ISSUES. THE REMAINDER FOCUSED ON FEDERAL LEVEL RESIDENTIAL ISSUES. MOREOVER, BY THE END OF 2014 MAA HELD A RECORD NUMBER OF ACTIVE MEMBERS, A TOTAL OF NEARLY 10,000.IN 2014, MBA'S COMMERCIAL/MULTIFAMILY POLICY EFFORTS YIELDED SIGNIFICANT ADVANCEMENTS OF OUR MEMBERS' PUBLIC POLICY INTERESTS. THIS ADVOCACY HELPED TO BROADEN LIQUIDITY AND CAPITAL AVAILABILITY FOR THE COMMERCIAL REAL ESTATE FINANCE SECTORS WE REPRESENT. A KEY LEGISLATIVE PRIORITY WAS THE EXTENSION OF THE TERRORISM RISK INSURANCE ACT (TRIA), WHICH IS VITAL TO THE STABILITY OF THE COMMERCIAL REAL ESTATE MARKET. MBA'S EFFORTS IN 2014 SET THE STAGE FOR TRIA'S EVENTUAL PASSAGE IN EARLY 2015. FOR THE MULTIFAMILY SECTOR, MBA WORKED TO ACHIEVE MULTIPLE OBJECTIVES TO ENSURE THE CONTINUOUS FLOW OF CAPITAL TO MULTIFAMILY RENTAL HOUSING. THIS INCLUDED EFFORTS WITH REGARD TO THE GSES, FHA AND OTHER CAPITAL SOURCES THAT SUPPORT APARTMENT FINANCE. FOR THE BANKING SECTOR, MBA ADVOCATED FOR REASONABLE REGULATORY CAPITAL AND LIQUIDITY RULES, INCLUDING UNDER BASEL III. LIFE INSURANCE COMPANY LENDING ALSO CONTINUED TO BENEFIT FROM FAVORABLE CHANGES ADVOCATED BY MBA FOR RISK'BASED CAPITAL FOR COMMERCIAL REAL ESTATE LOANS. FOR SECURITIZED LENDING, NEW RULES UNDER REGULATION AB REFLECTED MANY MBA POSITIONS AND EXCLUDED PROPOSALS THAT WOULD HAVE BEEN DISRUPTIVE TO THE COMMERCIAL MORTGAGE'BACKED SECURITIES MARKET. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERSHIPMBA'S GROWING MEMBERSHIP INCLUDES BUSINESSES FROM ALL SEGMENTS OF THE REAL ESTATE FINANCE INDUSTRY. WE ENDED FY 2014 WITH 2,117 TOTAL MEMBERS, REPRESENTING AN INCREASE OF THREE PERCENT YEAR OVER YEAR. WE WELCOMED 444 NEW MEMBERS AND REALIZED AN 83 PERCENT RENEWAL RATE. TOTAL MEMBERSHIP DUES FOR 2014 BROUGHT IN $17.9 MILLION IN REVENUE FOR THE ASSOCIATION. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EDUCATIONMBA EDUCATION EXPERIENCED A SOLID YEAR OF GROWTH IN 2014, WITH GROSS REVENUE OF MORE THAN $4.2 MILLION, AND NET INCOME OF ALMOST $1.2 MILLION. THAT GROWTH WAS FUELED LARGELY BY OUR COMPLIANCE ESSENTIALS OFFERINGS, WHICH PROVIDED MEMBERS WITH TIMELY TRAINING AND REFERENCE MATERIALS ON A NUMBER OF CRITICAL REGULATORY CHANGES TAKING PLACE IN THE INDUSTRY. AS PART OF THE COMPLIANCE ESSENTIALS PROGRAM, WE HOSTED FOUR TILA RESPA WORKSHOPS AROUND THE COUNTRY, WITH PAID ATTENDANCE FOR THE SERIES TOTALING 347, AND TOTAL GROSS REVENUE OF $197,800. QM/ATR WAS THE BIG SELLER AMONGST OUR RESOURCE GUIDES, WITH 124 COPIES GENERATING $136,500 IN GROSS REVENUE DURING THE FISCAL YEAR. IN ADDITION TO COMPLIANCE ESSENTIALS, 2014 SAW THE LAUNCH OF A NEW INSTRUCTOR-GUIDED ONLINE COURSE TITLED THE SCHOOL OF LOAN ORIGINATION (SOLO). THREE PUBLIC SOLO COURSES WERE HELD IN 2014, WITH MORE THAN 70 STUDENTS TRAINED AND $70,800 IN GROSS REVENUE COLLECTED. TWO OTHER PREMIER MBA PROGRAMS, FHA MULTIFAMILY UNDERWRITER TRAINING AND FUTURE LEADERS, GENERATED $445,300 AND $183,500 IN GROSS REVENUE, RESPECTIVELY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | 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 | Yes (1) | 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 | 0 | 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 | 147 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 140 | 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 | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (40 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD J BURKE | ||||||||||
| CHAIRMAN | 4.00 | Yes (X) | Yes (X) | $8,668 | $0 | $0 | ||||
| WILLIAM COSGROVE | ||||||||||
| CHAIRMAN-ELECT | 20.00 | Yes (X) | Yes (X) | $725 | $0 | $0 | ||||
| WILLIAM C EMERSON | ||||||||||
| VICE-CHAIRMAN | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||||
| DEBRA W STILL | ||||||||||
| IMMEDIATE PAST CHAIR | 1.00 | Yes (X) | Yes (X) | $3,968 | $0 | $0 | ||||
| RICK ANESHANSEL | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| BARRETT BURNS | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| HUGH FRATER | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| CHRISTOPHER GEORGE | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| C WILLIAM GRIFFITH | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| MICHAEL J HEID | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| R PAIGE HOOD | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| BRIAN LANCASTER | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| JEROME LIENHARD | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| RODRIGO LOPEZ | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| MICHAEL S MALLOY | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| WILLIAM J MCCUE | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| J DAVID MOTLEY | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| ANAND NALLATHAMBI | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| KURT PFOTENHAUER | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| JULIE PIEPHO | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| BRIAN F STOFFERS | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| ROBERT M STOUT | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| WILLIAM M WALKER | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| KEVIN WATTERS | ||||||||||
| BOARD MEMBER | 0.50 | Yes (X) | $0 | $0 | $0 | |||||
| DAVID H STEVENS | ||||||||||
| PRESIDENT & CEO | 33.80 | Yes (X) | $1,547,455 | $0 | $21,080 | 1.20 | ||||
| PHYLLIS K SLESINGER | ||||||||||
| SVP & GENERAL COUNSEL | 30.00 | Yes (X) | $322,424 | $0 | $24,047 | 5.00 | ||||
| MARGARET A COLON | ||||||||||
| SVP & CAO | 28.00 | Yes (X) | $329,249 | $0 | $6,375 | 7.00 | ||||
| MARCIA M DAVIES | ||||||||||
| SVP, CHIEF OF STAFF | 34.70 | $394,152 | $0 | $16,925 | 0.30 | Yes (X) | ||||
| WILLIAM P KILMER | ||||||||||
| SVP, LEGIS/POL AFFAIRS | 35.00 | $470,088 | $0 | $23,471 | 0.00 | Yes (X) | ||||
| GORDON R MILLS | ||||||||||
| SVP, RES POL/MEM SVCS | 35.00 | $494,785 | $0 | $21,080 | 0.00 | Yes (X) | ||||
| GAIL DAVIS-CARDWELL | ||||||||||
| SVP, COMM & M/F FIN | 35.00 | $316,797 | $0 | $15,300 | 0.00 | Yes (X) | ||||
| STEPHEN O'CONNOR | ||||||||||
| SVP, PUB POL/IND. REL | 35.00 | $341,635 | $0 | $28,730 | 0.00 | Yes (X) | ||||
| EMILE J BRINKMANN | ||||||||||
| SVP, RESEARCH | 34.00 | $315,999 | $0 | $26,905 | 1.00 | Yes (X) | ||||
| THOMAS K KIM | ||||||||||
| SVP, CREF POLICY | 35.00 | $274,799 | $0 | $21,269 | 0.00 | Yes (X) | ||||
| MICHAEL C FRATANTONI | ||||||||||
| VP, SFR/POL DEV | 29.00 | $258,409 | $0 | $26,421 | 6.00 | Yes (X) | ||||
| GENEARLENE D NEILL | ||||||||||
| VP, HR | 35.00 | $255,223 | $0 | $25,965 | 0.00 | Yes (X) | ||||
| JAMES WOODWELL | ||||||||||
| VP, COMMERCIAL RE | 35.00 | $249,865 | $0 | $20,032 | 0.00 | Yes (X) | ||||
| KENNETH A MARKISON | ||||||||||
| VP & REG. COUNSEL | 35.00 | $243,360 | $0 | $21,862 | 0.00 | Yes (X) | ||||
| JAMES GROSS | ||||||||||
| VP, FINACC/PUBPOL | 35.00 | $239,575 | $0 | $23,759 | 0.00 | Yes (X) | ||||
| ANGELA LAZEAR | ||||||||||
| SVP & CFO (FORMER) | 0.00 | $126,223 | $0 | $19,164 | 0.00 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,193,399 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $342,385 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AB SCHNARE ASSOCIATES LLC | |||||
| 3010 P STREET NW | WASHINGTON | DC | 20007 | INDEPENDENT CONSULTANT | $541,525 |
| STRATMOR GROUP LLC | |||||
| 6000 SHAKERAG HILL SUITE 300 | PEACHTREE CITY | GA | 30269 | BENCHMARKING SERVICE | $266,296 |
| INTUITIVE BUSINESS CONCEPTS | |||||
| 8640 GUILFORD RD | COLUMBIA | MD | 21046 | TECHNOLOGY SERVICES | $210,000 |
| SARAH HOLLANDER | |||||
| 1102 TUCKAHOE LN | ALEXANDRIA | VA | 22302 | GRAPHIC DESIGN SERVICES | $149,945 |
| MORRISON & FOERSTER LLP | |||||
| PO BOX 742335 | LOS ANGELES | CA | 90074 | LEGAL SERVICES | $136,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | $17,893,860 | $17,893,860 | |
| OTHER CONFERENCES AND PROGRAMS | 900099 | $16,605,059 | $16,605,059 | |
| ANNUAL CONVENTION | 900099 | $7,904,749 | $7,904,749 | |
| EDUCATIONAL PROGRAMS | 900099 | $3,890,596 | $3,890,596 | |
| PERIODICALS & PUBLICATIONS | 541800 | $3,062,970 | $985,302 | $2,077,668 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,925,596 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,925,596 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $51,282,830 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $86,589 | TotalRevenueColumnAmt |
| Exclusion | $86,589 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $455,339 | TotalRevenueColumnAmt |
| Exclusion | $455,339 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,727 | SecuritiesAmt |
| Other | $1,155,405 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $1,300,657 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,727 | SecuritiesAmt |
| Other | -$145,252 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$138,525 | TotalRevenueColumnAmt |
| Exclusion | -$138,525 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $245,762 | TotalRevenueColumnAmt |
| Exclusion | $245,762 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $245,762 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,931,995 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $49,205,162 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,077,668 | UnrelatedBusinessRevenueAmt |
| Exclusion | $649,165 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,083,611 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,540,861 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,148,661 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,194,143 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,034,786 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,017 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,044 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $499,083 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,751 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,256,328 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,957 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $758,656 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $543,947 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $242,477 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,696,217 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $744,772 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,668,455 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,764 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $197,524 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329,243 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| EQUIPMENT RENTAL & MAIN | $1,532,986 |
| PRINTING & PUBLICATIONS | $1,464,766 |
| CREDIT CARD FEES | $647,499 |
| MEALS AND ENTERTAINMENT | $446,226 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $787,618 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,199,392 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,597,068 | BOYAmt |
| EOY | $13,942,446 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $422,907 | BOYAmt |
| EOY | $685,276 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,714,054 | BOYAmt |
| EOY | $1,708,404 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,223,379 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,437,876 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $504,241 | BOYAmt |
| EOY | $2,785,503 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,394,136 | BOYAmt |
| EOY | $21,001,625 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,263,919 | BOYAmt |
| EOY | $1,343,183 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $902,788 | BOYAmt |
| EOY | $891,121 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,799,113 | BOYAmt |
| EOY | $42,357,558 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,554,889 | BOYAmt |
| EOY | $4,485,071 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,534,508 | BOYAmt |
| EOY | $18,089,725 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,506,204 | BOYAmt |
| EOY | $12,109,691 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,595,601 | BOYAmt |
| EOY | $34,684,487 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,796,488 | BOYAmt |
| EOY | $7,502,476 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $170,595 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,796,488 | BOYAmt |
| EOY | $7,673,071 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,799,113 | BOYAmt |
| EOY | $42,357,558 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $12,732,603 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$70,813 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,192,231 | 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 C IRS990ScheduleC
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION PAC | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 M STREET NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 526144335 | EIN |
| Contributions Rcvd Dlvr | $839,787 | 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 | $17,893,860 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $3,295,263 | NonDeductibleLbbyngPltclCYAmt |
| Non Ded Lbbyng Pltcl Cyov | -$1,580,022 | NonDedLbbyngPltclCyovAmt |
| Non Deductible Lbbyng Pltcl Tot | $1,715,241 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $3,578,772 | AggregateReportedDuesNtcAmt |
| Taxable | -$1,863,531 | TaxableAmt |
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 9/30/14 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 | $2,592,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $215,852 | DepreciationAmt |
| Book Value | $2,376,148 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,323,723 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,011,940 | DepreciationAmt |
| Book Value | $311,783 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $307,656 | OtherCostOrOtherBasisAmt |
| Depreciation | $210,084 | DepreciationAmt |
| Book Value | $97,572 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,785,503 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LIABILITY FOR PENSION BENEFITS | $7,993,797 |
| DEFERRED RENT AND LEASE INCENTIVE | $4,115,894 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,109,691 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $52,004,483 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$70,813 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $156,052 | OtherRevenueAmt |
| Revenue Not Reported | $85,239 | RevenueNotReportedAmt |
| Revenue Subtotal | $51,919,244 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $12,751 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $12,751 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $51,931,995 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $40,534,924 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,348,283 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,348,283 | ExpensesNotReportedAmt |
| Expenses Subtotal | $39,186,641 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $12,751 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $12,751 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $39,199,392 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. AT A MINIMUM, THE FISCAL YEARS 2011 THROUGH 2014 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | EQUITY IN INCOME OF SUBSIDIARIES 10,800. LOSS ON DISPOSAL OF FIXED ASSETS REPORTED IN PART VIII 145,252. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PENSION CHANGES NOT INCLUDED IN PERIODIC PENSION COST 1,203,031. LOSS ON DISPOSAL OF FIXED ASSETS REPORTED IN PART VIII 145,252. |
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 | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 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 | $993,152 | $0 | $542,000 | $0 | $12,303 | $0 | $7,650 | $0 | $19,637 | $0 | $1,574,742 | $0 | $0 | $0 |
| PHYLLIS K SLESINGER | ||||||||||||||
| SVP & GENERAL COUNSEL | $293,752 | $0 | $25,000 | $0 | $3,672 | $0 | $15,300 | $0 | $12,053 | $0 | $349,777 | $0 | $0 | $0 |
| MARGARET A COLON | ||||||||||||||
| SVP & CAO | $286,910 | $0 | $40,000 | $0 | $2,339 | $0 | $6,375 | $0 | $4,803 | $0 | $340,427 | $0 | $0 | $0 |
| MARCIA M DAVIES | ||||||||||||||
| SVP, CHIEF OF STAFF | $342,121 | $0 | $50,000 | $0 | $2,031 | $0 | $7,650 | $0 | $15,482 | $0 | $417,284 | $0 | $0 | $0 |
| WILLIAM P KILMER | ||||||||||||||
| SVP, LEGIS/POL AFFAIRS | $438,427 | $0 | $30,000 | $0 | $1,661 | $0 | $10,041 | $0 | $19,637 | $0 | $499,766 | $0 | $0 | $0 |
| GORDON R MILLS | ||||||||||||||
| SVP, RES POL/MEM SVCS | $393,152 | $0 | $100,000 | $0 | $1,633 | $0 | $7,650 | $0 | $19,637 | $0 | $522,072 | $0 | $0 | $0 |
| GAIL DAVIS-CARDWELL | ||||||||||||||
| SVP, COMM & M/F FIN | $288,976 | $0 | $25,000 | $0 | $2,821 | $0 | $15,300 | $0 | $6,207 | $0 | $338,304 | $0 | $0 | $0 |
| STEPHEN O'CONNOR | ||||||||||||||
| SVP, PUB POL/IND. REL | $306,152 | $0 | $33,825 | $0 | $1,658 | $0 | $15,300 | $0 | $19,637 | $0 | $376,572 | $0 | $0 | $0 |
| EMILE J BRINKMANN | ||||||||||||||
| SVP, RESEARCH | $296,992 | $0 | $15,000 | $0 | $4,007 | $0 | $15,300 | $0 | $17,812 | $0 | $349,111 | $0 | $0 | $0 |
| THOMAS K KIM | ||||||||||||||
| SVP, CREF POLICY | $250,352 | $0 | $23,500 | $0 | $947 | $0 | $7,644 | $0 | $19,753 | $0 | $302,196 | $0 | $0 | $0 |
| MICHAEL C FRATANTONI | ||||||||||||||
| VP, SFR/POL DEV | $232,640 | $0 | $25,000 | $0 | $769 | $0 | $10,795 | $0 | $19,667 | $0 | $288,871 | $0 | $0 | $0 |
| GENEARLENE D NEILL | ||||||||||||||
| VP, HR | $232,080 | $0 | $19,200 | $0 | $3,943 | $0 | $14,220 | $0 | $17,708 | $0 | $287,151 | $0 | $0 | $0 |
| JAMES WOODWELL | ||||||||||||||
| VP, COMMERCIAL RE | $229,628 | $0 | $19,000 | $0 | $1,237 | $0 | $13,785 | $0 | $12,134 | $0 | $275,784 | $0 | $0 | $0 |
| KENNETH A MARKISON | ||||||||||||||
| VP & REG. COUNSEL | $215,265 | $0 | $21,500 | $0 | $6,595 | $0 | $13,118 | $0 | $14,100 | $0 | $270,578 | $0 | $0 | $0 |
| JAMES GROSS | ||||||||||||||
| VP, FINACC/PUBPOL | $229,892 | $0 | $5,858 | $0 | $3,825 | $0 | $12,154 | $0 | $17,541 | $0 | $269,270 | $0 | $0 | $0 |
| ANGELA LAZEAR | ||||||||||||||
| SVP & CFO (FORMER) | $74,749 | $0 | $0 | $0 | $51,474 | $0 | $5,046 | $0 | $14,118 | $0 | $145,387 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 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 4 | THE BYLAWS WERE AMENDED IN AUGUST 2014 TO INCLUDE THE FOLLOWING CHANGES: 1. TO DELETE REFERENCES TO THE "CHIEF ADMINISTRATIVE OFFICER" AND SUBSTITUTE "CHIEF FINANCIAL OFFICER"; 2. TO INCREASE THE MAXIMUM NUMBER OF VOTING BOARD SEATS FROM 26 TO 28 TO FACILITATE COMPOSITIONAL BALANCE ON THE BOARD; 3. TO REDUCE THE TERM OF AUDIT COMMITTEE MEMBERS FROM THREE TO TWO YEARS TO MAKE TERMS MORE COMPATIBLE WITH THE STANDARD TERM OF MEMBERS OF THE BOARD OF DIRECTORS, WITH TERMS OF LESS THAN TWO YEARS TO BE PERMITTED, FOR A TRANSITION PERIOD TO STAGGER TERMS APPROPRIATELY; AND 4. TO REDUCE THE TERM OF INVESTMENT COMMITTEE MEMBERS FROM THREE YEARS TO TWO YEARS TO ENCOURAGE PARTICIPATION WHILE MAINTAINING CONTINUITY, WITH TERMS OF LESS THAN TWO TO BE PERMITTED FOR A TRANSITION PERIOD TO STAGGER TERMS APPROPRIATELY. |
| 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. |
| 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 11 | 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 -1,203,031. EQUITY IN INCOME OF SUBSIDIARIES 10,800. |
| 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | 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 | ||||||
| 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | 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 | SPONSORS PHILANTHROPIC ACTIVITIES FOCUSED ON HOME OWNERSHIP | DE | 501(C)(3) | Yes (1) | 170(B)(1)(A)(VI) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LENDER TECHNOLOGIES CORPORATION | |||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 522233464 | ENABLES VALUE-ADDED TECHNOLOGY AND INFORMATION PRODUCTS | DC | C | $18,171 | $175,698 | 1.00000 | Yes (1) |
| (no name) | |||||||||||
| Yes (1) | |||||||||||
| 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 | 0 | 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 | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | 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 | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| RIHA | ||
| O | $30,000 | BOOK VALUE |
| RIHA | ||
| Q | $38,377 | BOOK VALUE |
| RIHA | ||
| C | $100,000 | CASH |
| MISMO INC | ||
| L | $420,000 | CONTRACTUAL FEE |
| MISMO INC | ||
| Q | $115,031 | ACTUAL EXPENDITURES |
| MISMO INC | ||
| S | $438,140 | REIMB FOR CC FEES |
Comments