National Auctioneers Association
- Assets
- $1.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Overland Park, KS
- Founding
- 07/1970
- Data as of
- 12/2023
- EIN
- 35-6027658
Organization Overview
National Auctioneers Association is located in Overland Park, KS. The organization was established in 1970. 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. As of 12/2023, National Auctioneers Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Auctioneers Association 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 12/2023, National Auctioneers Association generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CRITICAL RESOURCES TO AUCTION PROFESSIONALS THAT WILL ENHANCE THEIR SKILLS AND SUCCESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTIONS AND SEMINARS TO EDUCATE AND INFORM AUCTIONEERS OF ITEMS AFFECTING THE PROFESSION AND TO UNITE IN COMMON ORGANIZATION THOSE PROFESSIONALLY ENGAGED AS AUCTIONEERS.
DESIGNATION PROGRAMS - THE CERTIFIED AUCTIONEER INSTITUTE (CAI) AND ACCREDITED AUCTIONEER REAL ESTATE (AARE) ARE PROVIDED SO THAT MEMBERS CAN CONTINUE TO DEVELOP THEIR PROFESSIONAL SKILL IN A NUMBER OF AREAS.
AUCTIONEER MAGAZINE - PROVIDES NAA AUCTION PROFESSIONALS WITH INSIGHTFUL CONTENT TO HELP THEM ADVANCE THEIR CAREERS, GROW THEIR BUSINESS, STAY CONNECTED TO THE INDUSTRY AND REMAIN COMPETITIVE IN AN EVER-CHANGING AUCTION MARKETPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lance Walker President | OfficerTrustee | 2 | $0 |
John Schultz Vice President | OfficerTrustee | 2 | $0 |
Ailie Byers Treasurer | OfficerTrustee | 2 | $0 |
Sherman Hostetter Chairman Of The Board | Trustee | 2 | $0 |
Mike Fisher Director | Trustee | 2 | $0 |
Joff Van Reenen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,345,873 |
| Investment income | $21,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| Net Gain/Loss on Asset Sales | $23,485 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,610,806 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,432 |
| Pension plan accruals and contributions | $9,295 |
| Other employee benefits | $68,688 |
| Payroll taxes | $70,006 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,214 |
| Fees for services: Accounting | $22,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,919 |
| Fees for services: Other | $5,221 |
| Advertising and promotion | $15,592 |
| Office expenses | $29,202 |
| Information technology | $129,796 |
| Royalties | $0 |
| Occupancy | $103,365 |
| Travel | $62,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $649,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,038 |
| Insurance | $11,758 |
| All other expenses | $1,617 |
| Total functional expenses | $2,866,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,073 |
| Savings and temporary cash investments | $2,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,847 |
| 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 | $133,448 |
| Net Land, buildings, and equipment | $287,400 |
| Investments—publicly traded securities | $512,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,701 |
| Total assets | $1,383,683 |
| Accounts payable and accrued expenses | $186,851 |
| Grants payable | $0 |
| Deferred revenue | $734,190 |
| 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 | $184,000 |
| Total liabilities | $1,105,041 |
| Net assets without donor restrictions | $278,642 |
| Net assets with donor restrictions | $0 |
| 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 | $1,383,683 |