Overview
What is Mortgage Bankers Association?
The Mortgage Bankers Association (MBA) is a prominent nonprofit organization based in Washington, D.C., with a workforce of 179 employees. Established in the heart of the nation's capital, MBA plays a pivotal role in representing the real estate finance industry, which employs over 280,000 individuals nationwide. MBA engages in various activities, encompassing industry, education, research, and advocacy. Through these efforts, they invest in communities by providing a platform for timely information exchange. During the pandemic, MBA transitioned from virtual to in-person meetings and recorded sessions for remote attendees, ensuring all revenue streams were covered. In FY2022, MBA hosted 16 conferences and meetings that attracted more than 14,648 attendees. These events offered valuable insights into the economy, business trends, technological innovations, legislative and regulatory changes, and prospects. MBA's successful annual convention in October 2021 drew 4,000 attendees, while the CREF/Multifamily Housing Convention & Expo in San Diego welcomed 2,321 participants. Sponsorships reached record-breaking numbers, and vendor participation was robust. MBA's annual calendar includes several large conferences and expos, as well as specialized programs offering continuing education credits.
Official website here: www.mba.org
Is Mortgage Bankers Association legitimate?
Mortgage Bankers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mortgage Bankers Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $7,269,221
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,332,612
For more financial information, click here
Official website here: www.mba.org
What is the mission statement of Mortgage Bankers Association?
The Mortgage Bankers Association (MBA) is a national organization representing the real estate finance industry. With activities in industry, education, research, and advocacy, MBA's mission is to provide valuable resources and insights for industry professionals. The association invests in communities by offering a range of conferences and meetings to keep members informed about economic trends, technological innovations, and legislative changes. In the midst of the ongoing pandemic, MBA adapted to virtual meetings, recording general sessions for those unable to travel. Their FY2022 saw over 14,648 individual attendees across 16 events, generating strong revenue through sponsorships, conference sales, and exhibitors. MBA hosts a variety of large conferences, expos, and specialized programs, offering continuing education credits. With over 330 sessions featuring 922 speakers, the association remains dedicated to providing timely, relevant information to its members.
Official website here: www.mba.org
Who is the CEO of Mortgage Bankers Association?
Robert D Broeksmit is the President & Ceo of Mortgage Bankers Association. The CEO's salary of Mortgage Bankers Association is $2,029,502 and their total compensation is $2,497,887.
Official website here: www.mba.org
What is the revenue of Mortgage Bankers Association?
Who are the executives of Mortgage Bankers Association and what are their salaries?
The average compensation at Mortgage Bankers Association during 2022 was $165,373. There are 179 employees and 2,000 volunteers at Mortgage Bankers Association.
Here are 54 key members and their salaries (Mortgage Bankers Association's CEO's salary is $2,029,502 and their total compensation is $2,497,887):
- Robert D Broeksmit (President & Ceo)
- Marcia M Davies (Coo)
- Gordon R Mills (Svp, Res. Policy & Mem. Eng.)
- William P Killmer (Svp, Leg. & Political Affairs)
- Michael P Flood (Svp, Cref & Multifamily)
- Michael C Fratanoni (Chief Econ./Svp Of Resr. & Ind. Tech.)
- Peter J Grace (Cio/Svp, Strat. And Mem. Serv.)
- Stephen O'Connor (Svp, Aff. Housing Initiatives)
- Lisa J Haynes (Svp, Cfo And Cdio)
- Michael W Briggs (Svp & Gc)
- Jeffrey Schummer (Vp, Education)
- Elaine Howard (Vp, Meetings)
- Tricia Migliazzo (Vp, Member Engagement)
- John Mechem (Vp, Public Affairs)
- James Woodwell (Vp, Comm. Real Estate Res.)
- Mark Jones (Vice-Chairman) [Trustee/Director]
- Kristy Fercho (Chairman) [Trustee/Director]
- Matthew G Rocco Sr (Chairman-Elect) [Trustee/Director]
- Susan T Stewart (Immediate Past Chairman) [Trustee/Director]
- Albert P Blank (Board Member) [Trustee/Director]
- Byron L Boston (Board Member) [Trustee/Director]
- Patrick Carey (Board Member) [Trustee/Director]
- Todd Chamberlain (Board Member) [Trustee/Director]
- Christine R Chandler (Board Member) [Trustee/Director]
- William C Emerson (Board Member) [Trustee/Director]
- Laura Escobar (Board Member) [Trustee/Director]
- Matthew E Galligan (Board Member) [Trustee/Director]
- Eric Gates (Board Member) [Trustee/Director]
- Jack Gay (Board Member) [Trustee/Director]
- Christopher M George (Board Member) [Trustee/Director]
- Nima Ghamsari (Board Member) [Trustee/Director]
- Owen V Lee (Board Member) [Trustee/Director]
- William Lowman (Board Member) [Trustee/Director]
- Sonya Luechauer (Board Member) [Trustee/Director]
- Angela G Mago (Board Member) [Trustee/Director]
- Jeffrey Majewski (Board Member) [Trustee/Director]
- Mary Ann Mcgarry (Board Member) [Trustee/Director]
- Claudia J Merkle (Board Member) [Trustee/Director]
- Stanley C Middleman (Board Member) [Trustee/Director]
- J David Motley (Board Member) [Trustee/Director]
- Peter Norden (Board Member) [Trustee/Director]
- Mark O'Donovan (Board Member) [Trustee/Director]
- Gary N Otten (Board Member) [Trustee/Director]
- Kurt Pfotenhauer (Board Member) [Trustee/Director]
- Jay Plum (Board Member) [Trustee/Director]
- Christine C Rhea (Board Member) [Trustee/Director]
- David Spector (Board Member) [Trustee/Director]
- Debra W Still (Board Member) [Trustee/Director]
- Michael S Tanner (Board Member) [Trustee/Director]
- Jeffrey C Taylor (Board Member) [Trustee/Director]
- Joe Tyrrell (Board Member) [Trustee/Director]
- Jim Wehmann (Board Member) [Trustee/Director]
- Jeff Weidell (Board Member) [Trustee/Director]
- Thomas L Wind (Board Member) [Trustee/Director]
Official website here: www.mba.org
Where can I find the form 990 for Mortgage Bankers Association?
The Mortgage Bankers Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mba.org
Learn more at the official website: www.mba.org
Mission Statement of Mortgage Bankers Association
The Mortgage Bankers Association (MBA), established in Washington D.C., represents the real estate finance industry, which employs over 280,000 people across the country. The organization's principal activities revolve around industry, education, research, and advocacy. MBA invests in communities and offers various platforms for industry professionals to connect, learn, and stay updated on the economy, business trends, and regulatory changes.
MBA's mission is to serve as the leading voice and resource for the mortgage industry. They provide valuable insights and resources to their members through a range of meetings, conferences, and expos. In response to the ongoing pandemic, MBA transitioned to virtual meetings for the majority of FY2021. However, they returned to in-person events in FY2022, starting with their Annual Convention in October 2021, which welcomed over 4000 attendees. Despite initial concerns, the event was a huge success, and they even recorded and marketed the general sessions for those unable to attend due to corporate restrictions. This strategy helped MBA cover all possible revenue streams. In FY2022, over 14,648 individuals attended 16 conferences and meetings, which provided attendees with timely information on the economy, business trends, and legislative and regulatory changes. The association's fiscal year 2022 saw 350 sponsorships and strong sales, as vendors looked to invest after a long pandemic hiatus. A total of 404 companies exhibited their products and services. In addition to the two large conventions, MBA typically hosts three more large conferences and expos each year, as well as ten more finely focused special interest conferences that offer participants valuable knowledge and information in various areas, such as legal issues and regulatory compliance, commercial servicing, risk management, and accounting and financial management. Several programs qualified for continuing legal education credit, CPE, and other continuing education credits.
Impact
This information is meant to be a general summary of Mortgage Bankers Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Mortgage Bankers Association's impact lies in its significant contributions to the real estate finance industry. Through its industry, education, research, and advocacy efforts, the association plays a crucial role in shaping policies, fostering innovation, and providing valuable insights to its members and the broader community. By organizing large conferences and events, hosting specialized programs, and offering a platform for networking and knowledge-sharing, the Mortgage Bankers Association creates opportunities for professionals to stay informed, enhance their skills, and navigate the complexities of the industry. Additionally, the association's advocacy work helps to promote a favorable regulatory environment and support the growth and sustainability of the real estate finance sector.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$31,586,884
CONFERENCES AND PROGRAMS
Revenue
$25,477,705
EDUCATION AND PROGRAMS
Revenue
$6,527,087
OTHER PROGRAM SERVICES
Revenue
$3,850,999
PERIODICALS AND PUBLICATIONS
Revenue
$1,857,913
Organization Details
Founding Year
1914
Phone
(202) 557-2700
Principal Officer
Robert D Broeksmit
Main Address
1919 M STREET NW 5TH FL, WASHINGTON, DC, 20036
Website
www.mba.org
NTEE Category
Code: S41 - Community improvement
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