Nonprofit · EIN 46-4272890
US MORTGAGE INSURERS
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,444,227 | $2,527,695 | -$83,468 | $1,940,421 | $133,191 | $1,807,230 |
| December 31, 2023 | 990 | $2,305,574 | $2,200,670 | $104,904 | $2,182,800 | $292,102 | $1,890,698 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,350,000
- Investment income
- $94,227
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $79,853
- Accounting fees
- $8,370
- Travel
- $34,642
- Depreciation
- $6,094
Balance sheet and other
- Total assets, start of year
- $2,182,800
- Total assets, end of year
- $1,940,421
- Total liabilities, end of year
- $133,191
- Net assets, end of year
- $1,807,230
- Net assets without donor restrictions
- $1,807,230
- Gross receipts
- $2,444,227
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2013
- State of legal domicile
- DC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adolfo Marzol | Board Member Trustee or director | 2 | $0 |
| Tim Mattke | Vice Chair Trustee or director, Officer | 2 | $0 |
| Derek Brummer | Board Member Trustee or director | 2 | $0 |
| Bradley Shuster | Treas/Sec Trustee or director, Officer | 2 | $0 |
| Rohit Gupta | Chair Trustee or director, Officer | 2 | $0 |
| Seth Appleton | President Officer | 40 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adolfo Marzol | Chair Trustee or director, Officer | 2 | $0 |
| Tim Mattke | Treas/Sec Trustee or director, Officer | 2 | $0 |
| Derek Brummer | Board Member Trustee or director | 2 | $0 |
| Bradley Shuster | Board Member Trustee or director | 2 | $0 |
| Rohit Gupta | Vice Chair Trustee or director, Officer | 2 | $0 |
| Seth Appleton | President Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 17TH ST NW STE 700, WASHINGTON, DC 20036-4741
- In care of
- % DUANE DUNCAN
- Principal officer (990 for 2024)
- SETH APPLETON
- Signed the 990
- SETH APPLETON, President
- Phone
- (202) 280-1820
- Website
- WWW.USMI.ORG
- Return prepared by
- Lydon Fetterolf Corydon PA
Mission
REPRESENTING AND ADVANCING THE INTEREST OF THE UNITED STATES MORTGAGE INSURANCE INDUSTRY AND PROMOTING A WELLFUNCTIONING HOUSING FINANCE SYSTEM.
Program accomplishments
- ADVOCACY PROGRAM: Advocate for the benefits of low down payment mortgages and specifically the benefits of private mortgage insurance for homebuyers, lenders, Government-Sponsored Enterprises (GSEs), taxpayers, and investors.
- PUBLIC RELATIONS PROGRAM: USE VARIOUS PUBLIC RELATIONS CAMPAIGNS AND MEDIA PLATFORMS TO PROMOTE THE BENEFITS OF PRIVATE MORTGAGE INSURANCE TO POLICYMAKERS, MORTGAGE MARKET PARTICIPANTS, AND BORROWERS, INCLUDING THAT THE INDUSTRY FACILITATES BORROWER ACCESS TO AFFORDABLE AND SUSTAINABLE MORTGAGES WITHIN A WELL-FUNCTIONING HOUSING FINANCE SYSTEM.
- REGULATORY PROGRAM: IDENTIFY, ANALYZE AND PROVIDE RECOMMENDATIONS TO STATE AND FEDERAL REGULATORY AGENCIES ON POLICIES PERTAINING TO PRIVATE MORTGAGE INSURANCE AND THE HOUSING FINANCE SYSTEM. COORDINATE WITH MEMBER COMPANIES ON OUTREACH TO STATE DEPARTMENTS OF INSURANCE AND FEDERAL FINANCIAL REGULATORS TO PROMOTE A STRONG HOUSING FINANCE SYSTEM AND ENSURE PRIVATE MORTGAGE INSURANCE INDUSTRY IS WELL POSITIONED TO ENSURE ACCESS TO MORTGAGE CREDIT WHILE PROTECTING TAXPAYERS.
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4272890
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $1,940,421
- Income (IRS master file)
- $2,444,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,444,227 | $2,527,695 | $1,940,421 | XML |
| 990 | December 2023 | $2,305,574 | $2,200,670 | $2,182,800 | XML |
| 990 | December 2022 | $2,496,440 | $2,307,829 | $2,024,391 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-4272890).
Questions about US MORTGAGE INSURERS
- What is the EIN of US MORTGAGE INSURERS?
- The employer identification number (EIN) of US MORTGAGE INSURERS is 46-4272890.
- Is US MORTGAGE INSURERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2014.
- Are donations to US MORTGAGE INSURERS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does US MORTGAGE INSURERS 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 US MORTGAGE INSURERS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did US MORTGAGE INSURERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of US MORTGAGE INSURERS?
- The 990 for the year ended December 31, 2024 names SETH APPLETON.
- Who are the officers and directors of US MORTGAGE INSURERS?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does US MORTGAGE INSURERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,444,227, expenses of $2,527,695 and total assets of $1,940,421 at year end.
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