Individual Retirement Rights Association
- Assets
- $50.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, UT
- Founding
- Data as of
- 12/2023
- EIN
- 87-2448854
Organization Overview
Individual Retirement Rights Association is located in Farmington, UT. Individual Retirement Rights Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Individual Retirement Rights Association generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (54.5%) each year. All expenses for the organization totaled $40.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (61.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ADVOCACY AND LOBBYING - SINCE THE ASSOCIATION ONLY BEGAN IN SEPTEMBER 2021, ADVOCACY AND LOBBYING WERE THE PRIMARY PROGRAMS IN 2023. LOBBYING EFFORTS WERE DIRECTED AT KEY PROVISIONS IN THE BUILD BACK BETTER LEGISLATION TO ENSURE ALTERNATIVE INVESTMENTS WERE NOT NEGATIVELY IMPACTED BY THE LEGISLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Dunne Treasurer And Secretary | 2.5 | $22,550 | |
Howard Kaplan President Until June 2023 | 0.75 | $7,500 | |
Jason Helquist Chairman | 0.15 | $0 | |
Brad Scafe Board Member | 0.15 | $0 | |
Daniel Gleich Board Member | 0.15 | $0 | |
Mat Sorensen Board Member Until April 2023 | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $60,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,050 |
| Professional fees and other payments to independent contractors | $5,434 |
| Occupancy, rent, utilities, and maintenance | $1,050 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,291 |
| Total expenses | $40,825 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,053 |
| Other assets | $0 |
| Total assets | $50,053 |
| Total liabilities | $46,367 |
| Net assets or fund balances | $3,686 |