International Association Of Assessing Officers
- Assets
- $10.0m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Kansas City, MO
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 36-2210012
Organization Overview
International Association Of Assessing Officers is located in Kansas City, MO. The organization was established in 1995. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 12/2022, International Association Of Assessing Officers employed 29 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. International Association Of Assessing Officers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, International Association Of Assessing Officers generated $6.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $5.7m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INNOVATION AND EXCELLENCE IN PROPERTY APPRAISAL, ASSESSMENT, (SEE SCHEDULE O) ADMINISTRATION, AND PROPERTY TAX POLICY THROUGH PROFESSIONAL DEVELOPMENT, EDUCATION, RESEARCH, AND TECHNICAL ASSISTANCE.
Describe the Organization's Program Activity:
EDUCATION AND PROFESSIONALISM: IAAO CONDUCTS PROFESSIONAL DEVELOPMENT BY OFFERING COURSES, WORKSHOPS, SEMINARS, AND OTHER EDUCATIONAL PRODUCTS TO EDUCATE THOSE ENGAGED IN THE ASSESSMENT PRACTICE. IN ADDITION, THIS PROGRAM OVERSEES THE CREDENTIALS OFMEMBERS.
PUBLISHING AND MARKETING:PUBLISHES A JOURNAL, A MAGAZINE, AND SEVERAL ELECTRONIC NEWSLETTERS AS WELL AS VARIOUS TEXTBOOKS AND REFERENCE BOOKS IN THE AREA OF AD VALOREM TAXATION.RESEARCH AND INFORMATION:IAAO PROVIDES LIBRARY AND OTHER RESOURCE MATERIALS TO MEMBERS AND NON MEMBERS. WE ALSO PROVIDE TECHNICAL ASSISTANCE TO JURISDICTIONS, CITIES AND COUNTIES.
ANNUAL CONFERENCE: IAAO CONDUCTS AN ANNUAL MEETING FOR MEMBERS AND NON MEMBERS TO CONNECT WITH OTHER MEMBERS AND NON MEMBERS. WE ALSO PROVIDE TECHNICAL ASSISTANCE TO JURISDICTIONS, CITIES AND COUNTRIES.
MEMBERSHIP: IAAO IS DEDICATED TO IMPROVING THE ADMINISTRATION AND UNDERSTANDING OF PROPERTY TAX ISSUES FOR ITS 8,326 MEMBERS. THIS INCLUDES SUPPORTING LOCAL PROGRAMS, MAINTAINING ETHICS CODE, PROVIDING A LIAISON FUNCTION WITH NATIONAL AND INTERNATIONAL ORGANIZATIONS, RECOGNIZING OUTSTANDING ACHIEVEMENT WITHIN THE PROFESSION AND MAINTAINING COUNCILS AND SECTION DESIGNED TO MEET THE NEEDS OF THOSE SPECIALIZED AREAS OF ASSESSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Rasmussen Past President | OfficerTrustee | 2 | $0 |
Brian Gay Board Member | Trustee | 2 | $0 |
Debra Mcguire Executive Director | OfficerTrustee | 40 | $247,695 |
Dinah Kilgore Board Member | Trustee | 2 | $0 |
Grady Jackson Board Member | Trustee | 2 | $0 |
Gregory Hutchinson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,600 |
| 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 | $482,600 |
| Total Program Service Revenue | $6,172,054 |
| Investment income | $94,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,936 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$53,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $54,944 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,948,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,587 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,226 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,990,558 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $167,830 |
| Other employee benefits | $200,564 |
| Payroll taxes | $181,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $33,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,735 |
| Fees for services: Other | $527,827 |
| Advertising and promotion | $45,201 |
| Office expenses | $301,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,168 |
| Travel | $391,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $881,908 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,227 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,697,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,253,965 |
| Savings and temporary cash investments | $314,997 |
| Pledges and grants receivable | $155,512 |
| Accounts receivable, net | $264,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,985 |
| Prepaid expenses and deferred charges | $147,264 |
| Net Land, buildings, and equipment | $1,180,421 |
| Investments—publicly traded securities | $4,534,859 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,106 |
| Other assets | $75,961 |
| Total assets | $9,966,378 |
| Accounts payable and accrued expenses | $364,778 |
| Grants payable | $0 |
| Deferred revenue | $1,487,562 |
| 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 | $77,812 |
| Total liabilities | $1,930,152 |
| Net assets without donor restrictions | $7,721,228 |
| Net assets with donor restrictions | $314,998 |
| 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 | $9,966,378 |