MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC (EIN 51-0502943)
- Tax period
- 2012-10-01 to 2013-09-30
- Filed
- 2014-08-11
- IRS object ID
- 201442239349301334
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-08-11T13:21:23-05:00 | Timestamp |
| Tax Period End Date | 2013-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521855942 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATE AND TRYON | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510502943 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE INDUSTRY STANDARDS MAINTENANCE | BusinessNameLine1 |
| Business Name Line2 | ORGANIZATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MORT | NameControl |
| Phone | 2025572700 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD HILL | Name |
| Title | EXECUTIVE VICE PRESIDENT | Title |
| Phone | 2025572700 | Phone |
| Date Signed | 2014-08-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DEBORAH G KOSNETT | Name |
| PTIN | P00290720 | PTIN |
| Phone | 2022932200 | Phone |
| Date Prepared | 2014-08-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | RICHARD HILL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 510379 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.MISMO.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2004 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | MISMO WAS CREATED TO PROMOTE AND SUPPORT THE COMMON BUSINESS INTERESTS OF THE COMMERCIAL AND RESIDENTIAL MORTGAGE MARKETS. ITS MISSION IS TO BENEFIT INDUSTRY PARTICIPANTS AND CONSUMERS OF MORTGAGE AND INVESTMENT PRODUCTS AND SERVICES BY:-FOSTERING AN OPEN PROCESS TO DEVELOP, PROMOTE, AND MAINTAIN VOLUNTARY ELECTRONIC COMMERCE PROCEDURES AND STANDARDS FOR THE MORTGAGE INDUSTRY, AND-ENABLING MORTGAGE LENDERS, INVESTORS, SERVICERS, VENDORS, BORROWERS, AND OTHER PARTIES TO EXCHANGE REAL ESTATE FINANCE RELATED INFORMATION AND EMORTGAGES MORE SECURELY, EFFICIENTLY AND ECONOMICALLY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 374 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 383330 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 510379 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 0 | InvestmentIncomePriorYear |
| Investment Income Current Year | 0 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 383330 | TotalRevenuePriorYear |
| Total Revenue Current Year | 510379 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 380330 | OtherExpensePriorYear |
| Other Expenses Current Year | 492796 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 380330 | TotalExpensesPriorYear |
| Total Expenses Current Year | 492796 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 17583 | RevenuesLessExpensesCY |
| Total Assets BOY | 372312 | TotalAssetsBOY |
| Total Assets EOY | 455072 | TotalAssetsEOY |
| Total Liabilities BOY | 177866 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 243043 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 194446 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 212029 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MISMO IS THE LEADING TECHNOLOGY STANDARDS DEVELOPMENT BODY FOR THE RESIDENTIAL AND COMMERCIAL REAL ESTATE FINANCE INDUSTRIES. THE MISMO STANDARDS ARE GROUNDED IN AN OPEN PROCESS TO DEVELOP, PROMOTE AND MAINTAIN VOLUNTARY ELECTRONIC COMMERCE PROCEDURES AND STANDARDS THAT ALLOW MORTGAGE LENDERS, INVESTORS IN REAL ESTATE AND MORTGAGES, SERVICERS, INDUSTRY VENDORS, BORROWERS AND OTHER PARTIES TO EXCHANGE REAL ESTATE FINANCE-RELATED INFORMATION AND EMORTGAGES MORE SECURELY, EFFICIENTLY AND ECONOMICALLY.AN ALL-VOLUNTEER ORGANIZATION, MISMO PROMOTES DATA CONSISTENCY AMONG TRANSACTION PARTICIPANTS, REDUCES PROCESSING COSTS, INCREASES TRANSPARENCY, AND BOOSTS INVESTOR CONFIDENCE IN MORTGAGES AND REAL ESTATE AS ASSET CLASSES WHILE PERMITTING COST SAVINGS TO BE PASSED ON TO BORROWERS AND OTHER CUSTOMERS. MISMO WAS CREATED TO PROMOTE AND SUPPORT THE COMMON BUSINESS INTERESTS OF THE COMMERCIAL AND RESIDENTIAL MORTGAGE MARKETS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | STANDARDS DEVELOPMENTTHE MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION (MISMO) WAS STARTED IN 1999 BY THE MORTGAGE BANKERS ASSOCIATION (MBA) TO PROMOTE, COORDINATE, AND FACILITATE THE MORTGAGE INDUSTRY'S EFFORTS TO CREATE STANDARDIZED ELECTRONIC REAL ESTATE FINANCE TRANSACTIONS. MISMO BECAME A NOT-FOR-PROFIT SUBSIDIARY OF MBA IN 2004. MISMO SUBSCRIBERS PAY ANNUAL DUES ON A ROLLING CALENDAR YEAR. MORTGAGE BANKERS, LENDERS, SERVICERS, VENDORS, AND SERVICE PROVIDERS DEVELOP AND USE MISMO STANDARDS. THESE STANDARDS PROMOTE DATA QUALITY AND CONSISTENCY THROUGHOUT THE INDUSTRY. THEY REDUCE COSTS, INCREASE TRANSPARENCY, AND BOOST INVESTOR CONFIDENCE IN MORTGAGES AS AN ASSET CLASS. MISMO'S ACHIEVEMENTS DURING THE 2012-2013 FISCAL YEAR FOCUSED ON CONTINUITY OF OPERATIONS AND STABLE SUPPORT OF SYSTEMS INFRASTRUCTURE AND SUPPORT FOR SIGNIFICANT TECHNICAL STANDARDS DEVELOPMENT ACTIVITY. THE CORE FUNCTION OF MISMO IS THE DEVELOPMENT OF STANDARDS BY ITS WORKGROUPS (WG). EACH WG IS STAFFED BY INDUSTRY VOLUNTEERS THAT FOCUS ON SPECIFIC PROCESS AREAS, AND STANDARDS ACTIVITY IS CONDUCTED ACCORDING TO A RIGOROUSLY ENFORCED SET OF POLICIES AND PROCEDURES, IN ACCORDANCE WITH THE MISMO INTELLECTUAL PROPERTY RIGHTS (IPR) AND ANTITRUST POLICIES. VOLUNTEERS HELP CHAIR WORKGROUPS, WRITE MINUTES, AUTHOR TECHNICAL DOCUMENTATION, REPRESENT THE ORGANIZATION AT TRADE SHOWS, AND ATTEND MEETINGS AND CONFERENCE CALL TO CONTRIBUTE THEIR EXPERTISE TOWARD CREATING STANDARDS FOR ELECTRONIC COMMERCE. ACCOMPLISHMENTS IN THE DEVELOPMENT OF MISMO STANDARDS LAST YEAR ARE AS FOLLOWS: -- MISMO ELEVATED VERSIONS 3.0 AND 3.1 OF THE REFERENCE MODEL TO RECOMMENDATION STATUS. RECOMMENDATION STATUS IS THE HIGHEST POSSIBLE MATURITY LEVEL FOR A MISMO STANDARD. -- MISMO EXPERIENCED SIGNIFICANT TRACTION WITH RESPECT TO ADOPTION OF THE MISMO STANDARDS. MISMO WAS USED BY FANNIE MAE AND FREDDIE MAC TO COMPLY WITH THE REQUIREMENTS OF THE FHFA-MANDATED UNIFORM MORTGAGE DELIVERY PROGRAM (UMDP). MISMO WAS USED IN THE RE-WRITE OF THE FHA TOTAL SCORECARD. -- THE MISMO BOARD OF DIRECTORS ENHANCED THE ORGANIZATIONAL STRUCTURE BY ESTABLISHING THREE NEW COMMITTEES: STRATEGIC PLANNING; EDUCATION; AND MEMBERSHIP AND REVENUE. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 0 | NonDeductibleDisclosure |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HEATHER MESSAM | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2025572717 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| STEPHEN GOZDAN | ||||||||
| CHAIRMAN | 1.00 | 0.00 | X | X | 0 | 0 | 0 | |
| WILLIAM SHULER | ||||||||
| BOARD MEMBER (PART YR) | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| TOM FINK | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| JOANNE DENVER | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| GABE MINTON | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| LINGLONG HE | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| JOSH WEINBURG | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| EDDY WETSEL | ||||||||
| BOARD MEMBER | 0.50 | 0.00 | X | 0 | 0 | 0 | ||
| MICHAEL C FRATANTONI | ||||||||
| PRESIDENT | 1.00 | 34.00 | X | X | 0 | 210889 | 0 | |
| DAVID H STEVENS | ||||||||
| MBA PRESIDENT & CEO | 1.00 | 34.00 | X | 0 | 1319821 | 18871 | ||
| PHYLLIS K SLESINGER | ||||||||
| SECRETARY | 1.00 | 34.00 | X | 0 | 306773 | 23255 | ||
| ANGELA LAZEAR | ||||||||
| TREASURER (FORMER) | 1.00 | 34.00 | X | 0 | 265460 | 27871 | ||
| MARGARET COLON | ||||||||
| TREASURER | 1.00 | 34.00 | X | 0 | 0 | 0 | ||
| RICHARD HILL | ||||||||
| EXECUTIVE VICE PRESIDENT | 2.00 | 33.00 | X | 0 | 182977 | 0 | ||
| JANIS DAVIS | ||||||||
| VICE PRESIDENT | 35.00 | 0.00 | X | 0 | 66171 | 0 | ||
| JOHN A COURSON | ||||||||
| MBA PRESIDENT & CEO (FORMER) | 1.00 | 34.00 | 0 | 312500 | 0 | X | ||
| CYNTHIA BOJOKLES | ||||||||
| VICE PRESIDENT (FORMER) | 35.00 | 0.00 | 0 | 67039 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2731630 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 69997 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MORTGAGE BANKERS ASSOCIATION | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1717 RHODE ISLAND AVE NW SUITE 40 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | MANAGEMENT SERVICES | DescriptionOfServices |
| Compensation | 318000 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| MEMBERSHIP DUES | 900099 | 293444 | 293444 | |
| REGISTRATION FEES | 900099 | 125814 | 125814 | |
| SPONSORSHIPS | 900099 | 91121 | $91,121 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 510379 | TotalProgramServiceRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 510379 | TotalRevenueColumn |
| Related Or Exempt Function Income | 419258 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $91,121 | ExclusionAmount |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318000 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 861 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1575 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61184 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20977 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14559 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63637 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| CREDIT CARD FEES | 10972 |
| MEALS | 578 |
| MISCELLANEOUS | 428 |
| TAXES | 25 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 492796 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 369215 | BOY |
| EOY | 407186 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3097 | BOY |
| EOY | 10000 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 37886 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 372312 | BOY |
| EOY | 455072 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45461 | BOY |
| EOY | 53584 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123903 | BOY |
| EOY | 189459 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8502 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177866 | BOY |
| EOY | 243043 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194446 | BOY |
| EOY | 212029 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 194446 | BOY |
| EOY | 212029 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 372312 | BOY |
| EOY | 455072 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 17583 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 1 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTERCOMPANY RECEIVABLE | Description |
| Book Value | 37886 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 37886 | TotalBookValueOtherAssets |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 510379 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 510379 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 510379 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 492796 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 492796 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 492796 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. THE FISCAL YEARS 2010 THROUGH 2013 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL C FRATANTONI | ||||||||||||||
| PRESIDENT | 0 | 210889 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210889 | 0 | 0 |
| DAVID H STEVENS | ||||||||||||||
| MBA PRESIDENT & CEO | 0 | 993316 | 0 | 301000 | 0 | 25505 | 0 | 7500 | 0 | 17557 | 0 | 1344878 | 0 | 0 |
| PHYLLIS K SLESINGER | ||||||||||||||
| SECRETARY | 0 | 276658 | 0 | 26000 | 0 | 4115 | 0 | 15000 | 0 | 11560 | 0 | 333333 | 0 | 0 |
| ANGELA LAZEAR | ||||||||||||||
| TREASURER (FORMER) | 0 | 261816 | 0 | 1000 | 0 | 2644 | 0 | 15000 | 0 | 17377 | 0 | 297837 | 0 | 0 |
| RICHARD HILL | ||||||||||||||
| EXECUTIVE VICE PRESIDENT | 0 | 182977 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182977 | 0 | 0 |
| JOHN A COURSON | ||||||||||||||
| MBA PRESIDENT & CEO (FORMER) | 0 | 0 | 0 | 0 | 0 | 312500 | 0 | 0 | 0 | 0 | 0 | 312500 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | MISMO HAS CONTRACTED WITH THE MORTGAGE BANKERS ASSOCIATION, A RELATED SECTION 501(C)(6) ORGANIZATION, FOR MANAGEMENT SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 4 | CHANGES WERE MADE TO THE MISMO BYLAWS TO PERMIT MISMO TO ADDRESS INDUSTRY STANDARDS BEYOND ELECTRONIC COMMERCE; INCREASE THE SIZE OF THE BOARD OF DIRECTORS; TO PERMIT A NON-MBA MEMBER TO SERVE ON THE MISMO BOARD OF DIRECTORS; AND TO REQUIRE THAT GOVERNANCE COMMITTEE MEMBERS BE MISMO SUBSCRIBERS BUT ALLOW FOR EXCEPTION, IF REQUIRED. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE SOLE MEMBER OF MISMO IS THE MORTGAGE BANKERS ASSOCIATION, A RELATED IRC SECTION 501(C)(6) ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE MISMO BOARD OF DIRECTORS ARE ELECTED BY THE MORTGAGE BANKERS ASSOCIATION (MBA), A RELATED IRC SECTION 501(C)(6) ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | MORTGAGE BANKERS ASSOCIATION, AS THE SOLE MEMBER OF MISMO, APPROVES ALL BYLAWS CHANGES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE EXECUTIVE VICE PRESIDENT AND THE CHIEF ADMINISTRATIVE OFFICER (CAO), AND THE BOARD IS PROVIDED A COPY BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC, BUT IF REQUESTS FOR COPIES OF THESE DOCUMENTS WERE TO BE RECEIVED, THE ORGANIZATION WOULD CONSIDER MAKING THEM AVAILABLE TO THE REQUESTOR. |
| FORM 990, PART VI, LINES 13 AND 14 | THE WHISTLE-BLOWING AND DOCUMENT RETENTION POLICIES OF THE MORTGAGE BANKERS ASSOCIATION ARE DEEMED TO APPLY TO MISMO. |
| FORM 990, PART XI, LINE 2C | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|---|
| MORTGAGE BANKERS ASSOCIATION | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 361505650 | REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF THE FINANCE INDUSTRY | IL | 501(C)(6) | 0 | ||
| RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND | ||||||||||
| 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) | 0 | 509(A)(3) | MORTGAGE BANKERS ASSOCIATION |
| MORPAC | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 526144335 | POLITICAL ACTION COMMITTEE | DC | 527 | 0 | MORTGAGE BANKERS ASSOCIATION | |
| MORTGAGE ACTION ALLIANCE INCORPORATED | ||||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 271893100 | SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY | DE | 501(C)(6) | 0 | MORTGAGE BANKERS ASSOCIATION | |
| 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) | 0 | 509(A)(1) | MORTGAGE BANKERS ASSOCIATION |
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Type Of EntityTypeOfEntity | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| LENDER TECHNOLOGIES CORPORATION | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 522233464 | ENABLES VALUE-ADDED TECHNOLOGY AND INFORMATION PRODUCTS | DC | N/A | C | 0 |
| SISAC INCORPORATED | |||||||||
| 1919 M STREET NW 5TH FL | WASHINGTON | DC | 20036 | 522413168 | OPEN ACCESS AND STANDARDS IN REAL ESTATE FINANCE | DE | N/A | C | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 1 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| MORTGAGE BANKERS ASSOCIATION | ||
| M | 318000 | ACTUAL EXPENDITURES |
| MORTGAGE BANKERS ASSOCIATION | ||
| P | 60163 | CONTRACTUAL FEE |
| MORTGAGE BANKERS ASSOCIATION | ||
| S | 283066 | REIMB FOR CREDIT CARD FEES REC'D |
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