Iaibmvsp INC FY2020 filing

Not tax-deductible

Gladstone, MO501(c)(6)Community DevelopmentEIN 05-0551113

To provide training, benefits, and resources to independent automotive service facilities specializing in bmw and european vehicle repair.

70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $51K a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 27.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145K
Spent
$120K
To programs
70%
Net assets
$274K
By yearFY2020–FY2024
Revenue
$145K
FY2020
Revenue by fiscal year
FY2020$145K
FY2021$120K
FY2022$268K
FY2023$279K
FY2024$159K
Expenses
$120K
FY2020
Expenses by fiscal year
FY2020$120K
FY2021$91K
FY2022$181K
FY2023$251K
FY2024$75K
Net assets
$274K
FY2020
Net assets by fiscal year
FY2020$274K
FY2021$302K
FY2022$389K
FY2023$417K
FY2024$510K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $84K Management & general 30% · $36K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Iaibmvsp INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains and supports independent BMW and European auto repair shops.

Provided by the organization

This section is blank until Iaibmvsp INC claims this page.

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1 program service account for $84K of program spending, described in the organization's own filed words · FY2020.
01

The bimrs annual conference was held virtually in 2020 and hosted over 200 automotive service professionals over a 2 week span to provide management and technical training. There were over twenty five training sessions held, providing the latest in technical training and management, marketing, and human resources training to…

$84Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$145K
Ln 12
Gifts and grantsLn 1h$96K
Fees for servicesLn 2g$49K
Money outPt IX
$120K
Ln 25
Programscol B$84K
Managementcol C$36K
Owns and owesPt X
$274K
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$274K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Fees for servicesLn 2g$49K
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$274K
Cash and savings togetherLn 1–2$274K
Total assetsLn 16$274K
LiabilitiesLn 26$0
Net assetsLn 32$274K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$249K$274K
Total assetsLn 16$251K$274K
LiabilitiesLn 26$0$0
Net assetsLn 32$251K$274K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$4K$4K
Information technologyLn 14$2K$2K
Conferences, conventions and meetingsLn 19$56K$56K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$120K$84K$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $159K$75K$84K$510K 990 PDF
FY2023 $279K$251K$28K$417K 990 PDF
FY2022 $268K$181K$87K$389K 990 PDF
FY2021 $120K$91K$29K$302K 990 PDF
FY2020 Viewing $145K$120K$25K$274K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $145,278 across 4 lines filed
VIII-1b Membership dues$95,910
VIII-1h Total contributions, gifts and grants$95,910
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,368$49,368
VIII-12 Total revenueRelated to mission $49,368 · Unrelated business $0 · Excluded from tax $0$145,278
Part IX · Statement of functional expenses $120,118 across 8 lines filed
IX-11a Management feesManagement $34,200$34,200
IX-11c Accounting feesManagement $2,227$2,227
IX-12 Advertising and promotionPrograms $13,500$13,500
IX-13 Office expensesPrograms $3,541$3,541
IX-14 Information technologyPrograms $1,850$1,850
IX-19 Conferences, conventions and meetingsPrograms $56,169$56,169
IX-23 InsurancePrograms $2,500$2,500
IX-24 Other expenses (24a–d)Programs $6,131$6,131
IX-25 Total functional expensesPrograms $83,691 · Management $36,427 · Fundraising $0$120,118
Part X · Balance sheet $274,307 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $249,147$274,307
X-16 Total assetsStart of year $251,297$274,307
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $251,297$274,307
X-33 Total liabilities and net assetsStart of year $251,297$274,307
Part XI · Reconciliation of net assets $274,307 net assets at year end
XI-1 Total revenue$145,278
XI-2 Total expenses$120,118
XI-3 Revenue less expenses$25,160
XI-4 Net assets at start of year$251,297
XI-9 Other changes in net assets−$2,150
XI-10 Net assets at end of year$274,307

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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