Nonprofit · EIN 23-7437314
IOWA MORTGAGE BANKERS ASSOCIATION
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $110,128 | $137,261 | -$27,133 | $53,168 | $16,700 | $36,468 |
| December 31, 2024 | 990-EZ | $120,349 | $135,766 | -$15,417 | $81,326 | $17,725 | $63,601 |
| December 31, 2023 | 990-EZ | $130,244 | $141,588 | -$11,344 | $95,808 | $16,790 | $79,018 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Membership dues
- $31,700
- Program service revenue
- $77,970
- Investment income
- $458
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $64,084
- Printing, publications and postage
- $378
- Other expenses
- $72,799
Balance sheet and other
- Total assets, start of year
- $81,326
- Total assets, end of year
- $53,168
- Total liabilities, end of year
- $16,700
- Net assets, end of year
- $36,468
- Cash, savings and investments
- $49,078
- Gross receipts
- $110,128
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS EAGLE | PAST PRESIDENT | 0 | $0 |
| TERRY GEARHART | PRESIDENT | 0 | $0 |
| CASEY PURCELL | PRESIDENT-ELECT | 0 | $0 |
| DEREK CARTER | VICE PRESIDENT | 0 | $0 |
| DAVE LEWIS | DIRECTOR | 0 | $0 |
| MATT KLEIN | DIRECTOR | 0 | $0 |
| RACHEL PIERCE | DIRECTOR | 0 | $0 |
| NICK MUNDORF | DIRECTOR | 0 | $0 |
| KRYSTAL FREDERICK | DIRECTOR | 0 | $0 |
| MEGAN SEVERSON | DIRECTOR | 0 | $0 |
| JAY BORBECK | DIRECTOR | 0 | $0 |
| CHARLIE CHEDESTER | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRAVIS EAGLE | PRESIDENT | 0 | $0 |
| TERRY GEARHART | PRESIDENT ELECT | 0 | $0 |
| CASEY PURCELL | VICE PRESIDENT | 0 | $0 |
| TOM SCHULTE | PAST PRESIDENT | 0 | $0 |
| DEREK CARTER | SECRETARY/TREASURER | 0 | $0 |
| DAVE LEWIS | DIRECTOR | 0 | $0 |
| TODD CARLSON | DIRECTOR | 0 | $0 |
| MATT KLEIN | DIRECTOR | 0 | $0 |
| MEGGAN JENSEN | DIRECTOR | 0 | $0 |
| JOHN MILLER | DIRECTOR | 0 | $0 |
| CHUCK SORENSEN | DIRECTOR | 0 | $0 |
| RACHEL PIERCE | DIRECTOR | 0 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARCY BURNETT | STAFF LIAISON | 0 | $0 |
| JENNIFER COYLE | PAST PRESIDENT | 0 | $0 |
| SHARON PRESNALL | STAFF LIAISON | 0 | $0 |
| TOM SCHULTE | PRESIDENT | 0 | $0 |
| TRAVIS EAGLE | PRESIDENT-ELECT | 0 | $0 |
| NICK CAMPOS | DIRECTOR | 0 | $0 |
| DEREK CARTER | DIRECTOR | 0 | $0 |
| VAL REASON | DIRECTOR | 0 | $0 |
| NICHOLLE OSEGERA | DIRECTOR | 0 | $0 |
| TODD CARLSON | DIRECTOR | 0 | $0 |
| TERRY GEARHART | VICE PRESIDENT | 0 | $0 |
| MEGGAN JENSEN | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6200, JOHNSTON, IA 50131-6200
- In care of
- % MITCH VAN KLEY
- Signed the 990-EZ
- TERRY GEARHART, PRESIDENT
- Phone
- (515) 286-4300
- Website
- HTTPS://WWW.IOWAMA.ORG/
- Return prepared by
- DENMAN CPA LLP
Mission
TO ASSIST IN MORTGAGE LENDING TRAINING AND VOCATIONAL GUIDANCE
Program accomplishments
- PROMOTE THE WELFARE AND IMPROVE SERVICE TO THE COMMUNITY OF THE MORTGAGE LENDERS OF IOWA AND GATHER, RECEIVE, TRAIN, AND DISSEMINATE INFORMATION AND IDEAS IN RENDERING MUTUAL ASSISTANCE AND VOCATIONAL GUIDANCE.SPRING CONFERENCE HAD 124 ATTENDEES.FALL CONFERENCE HAD 107 ATTENDEES. BOOT CAMP HAD 23 ATTENDEES.THERE IS ALSO A MONTHLY NEWSLETTER PUBLISHED ALONG WITH THE ANNUAL MEMBER DIRECTORY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7437314
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $53,168
- Income (IRS master file)
- $110,128
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $110,128 | $137,261 | $53,168 | IRS |
| 990-EZ | December 2024 | $120,349 | $135,766 | $81,326 | XML |
| 990-EZ | December 2023 | $130,244 | $141,588 | $95,808 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7437314).
Questions about IOWA MORTGAGE BANKERS ASSOCIATION
- What is the EIN of IOWA MORTGAGE BANKERS ASSOCIATION?
- The employer identification number (EIN) of IOWA MORTGAGE BANKERS ASSOCIATION is 23-7437314.
- Is IOWA MORTGAGE BANKERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to IOWA MORTGAGE BANKERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA MORTGAGE BANKERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA MORTGAGE BANKERS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA MORTGAGE BANKERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of IOWA MORTGAGE BANKERS ASSOCIATION?
- The 990-EZ for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does IOWA MORTGAGE BANKERS ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $110,128, expenses of $137,261 and total assets of $53,168 at year end.
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