Iaibmvsp INC FY2023 filing

Not tax-deductible

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

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

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 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
4
of 7 voting members
Looks good: 4 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
$279K
+4% vs prior year
Spent
$251K
To programs
87%
Net assets
$417K
By yearFY2020–FY2024
Revenue
$279K
FY2023▲ +4%
Revenue by fiscal year
FY2020$145K
FY2021$120K
FY2022$268K
FY2023$279K
FY2024$159K
Expenses
$251K
FY2023▲ +38%
Expenses by fiscal year
FY2020$120K
FY2021$91K
FY2022$181K
FY2023$251K
FY2024$75K
Net assets
$417K
FY2023▲ +7%
Net assets by fiscal year
FY2020$274K
FY2021$302K
FY2022$389K
FY2023$417K
FY2024$510K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

87 cents of each dollar spent went to programs.

Program services 87% · $219K Management & general 13% · $32K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$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

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1 program service account for $219K of program spending, described in the organization's own filed words · FY2023.
01

The bimrs annual conference was held in person in 2023 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…

$219Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$279K
Ln 12
Fees for servicesLn 2g$194K
Gifts and grantsLn 1h$79K
Other incomeLn 4–11$7K
Money outPt IX
$251K
Ln 25
Programscol B$219K
Managementcol C$32K
Owns and owesPt X
$417K
net assets · Ln 32
Cash and savingsLn 1–2$417K
Total assetsLn 16$417K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Fundraising eventsLn 1c$8K
Fees for servicesLn 2g$194K
Other incomeLn 4–11$7K
Total revenueLn 12$279K
Assets in detailPt X, end of year
CashLn 1$417K
Cash and savings togetherLn 1–2$417K
Total assetsLn 16$417K
LiabilitiesLn 26$0
Net assetsLn 32$417K
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 FY23End FY23
Cash and savingsLn 1–2$389K$417K
Total assetsLn 16$389K$417K
LiabilitiesLn 26$0$0
Net assetsLn 32$389K$417K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$31K$31K
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$2K$2K
Information technologyLn 14$5K$5K
Conferences, conventions and meetingsLn 19$187K$187K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$251K$219K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $159K$75K$84K$510K 990 PDF
FY2023 Viewing $279K$251K$28K$417K 990 PDF
FY2022 $268K$181K$87K$389K 990 PDF
FY2021 $120K$91K$29K$302K 990 PDF
FY2020 $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $279,340 across 6 lines filed
VIII-1b Membership dues$70,720
VIII-1c Fundraising events$7,978
VIII-1h Total contributions, gifts and grants$78,698
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $193,859$193,859
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,783$6,783
VIII-12 Total revenueRelated to mission $200,642 · Unrelated business $0 · Excluded from tax $0$279,340
Part IX · Statement of functional expenses $250,935 across 8 lines filed
IX-11a Management feesManagement $31,350$31,350
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesPrograms $10,834$10,834
IX-13 Office expensesPrograms $1,818$1,818
IX-14 Information technologyPrograms $4,740$4,740
IX-19 Conferences, conventions and meetingsPrograms $186,569$186,569
IX-23 InsurancePrograms $3,692$3,692
IX-24 Other expenses (24a–d)Programs $11,432$11,432
IX-25 Total functional expensesPrograms $219,085 · Management $31,850 · Fundraising $0$250,935
Part X · Balance sheet $417,409 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $389,004$417,409
X-16 Total assetsStart of year $389,004$417,409
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $389,004$417,409
X-33 Total liabilities and net assetsStart of year $389,004$417,409
Part XI · Reconciliation of net assets $417,409 net assets at year end
XI-1 Total revenue$279,340
XI-2 Total expenses$250,935
XI-3 Revenue less expenses$28,405
XI-4 Net assets at start of year$389,004
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$417,409

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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