Indiana Auctioneers Association Inc is located in Greenwood, IN. The organization was established in 1993. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Auctioneers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Indiana Auctioneers Association Inc generated $130.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $114.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND ADVANCE THE AUCTION PROFESSION EDUCATIONAL SEMINARS IN CONJUNCTION WITH THE ANNUAL CONVENTION. ASSIST IN KEEPING AUCTIONEERS UPDATED ON STATUTES, CONTRACTUAL LAW AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF INDIANA AUCTIONEER: PURPOSE IS TO KEEP AUCTIONEERS INFORMED OF CURRENT FEDERAL & STATE LAWS AND PROMOTE COMMON INTEREST OF THE MEMBERS OF THE ASSOCIATION
INDIANA AUCTIONEERS ANNUAL CONVENTION: PURPOSE IS TO HOLD EDUCATIONAL SEMINARS, HONOR AUCTIONEERS AND CONDUCT ANNUAL BUSINESS MEETINGS. THE CONVENTION WAS HELD AT THE EMBASSY SUITES INDIANAPOLIS, NOVEMBER 19-20, 2021, 160 MEMBERS ATTENDED.
EDUCATIONAL PROGRAMS: PURPOSE IS TO ALLOW AUCTIONEERS CONTINUING EDUCATION CREDITS & ELECTIVE CREDITS REGARDING LAWS, STATUTES, CONTRACTUAL LAW AND ACCOUNTING GENERAL KNOWLEDGE AND HOW IT RELATES TO PROFESSIONAL AUCTIONEERING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Wagner President | Officer | 1 | $0 |
Marc Huber Vice President | Officer | 1 | $0 |
Mark Bisch Treasurer | Officer | 1 | $0 |
Chad Metzger Past President | Officer | 1 | $0 |
Kathy Baber Executive Director | Trustee | 30 | $0 |
Melisa Carothers Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $49,127 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $49,127 |
Total Program Service Revenue | $80,133 |
Investment income | $698 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $129,958 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $57,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $385 |
Fees for services: Lobbying | $1,750 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,034 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $78 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $47,250 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $800 |
All other expenses | $0 |
Total functional expenses | $114,350 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $178,502 |
Savings and temporary cash investments | $133,676 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,060 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $313,238 |
Accounts payable and accrued expenses | $4,023 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $4,023 |
Net assets without donor restrictions | $305,699 |
Net assets with donor restrictions | $3,516 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $313,238 |
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