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The Auction Academy

Tax-deductible

Franklin, TN501(c)(3)Education EIN 46-1333580Revenue $734K in FY2025

On file with the IRSauctionacademy.net341 Cool Springs Blvd Ste 430, 37067-6412 · Franklin, TNTax-exempt since Apr 2014School — 170(b)(1)(A)(ii)

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To provide a more formal training and education environment for young leadership coming into the auto Auction industry whether as owners or employees.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $26K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$119K
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$734K
-2% vs prior year
Spent
$656K
To programs
86%
Net assets
$72K
By yearFY2020–FY2025
Revenue
$734K
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2020$25K
FY2021$249K
FY2022$600K
FY2023$499K
FY2024$749K
FY2025$734K
Expenses
$656K
FY2025▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$71K
FY2020$8K
FY2021$479K
FY2022$379K
FY2023$806K
FY2024$477K
FY2025$656K
Net assets
$72K
FY2025▲ ×16
Tap a bar for its year
Net assets by fiscal year
FY2020$161K
FY2020$178K
FY2021−$52K
FY2022$169K
FY2023−$277K
FY2024−$5K
FY2025$72K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2014.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $566K Management & general 14% · $90K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Penny Wanna
President
$0Pt VII · Sec A
Pauline Pons
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Auction Academy 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains and educates young leaders entering the auto auction industry.

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Provided by the organization

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1 program · $566K · in their own filed words · FY2025
01

Auction academy provides training and development experience for the automotive auction professioanl that is designed to enhance essential skill sets, promote best practices, and yield better results. More than casual knowledge is required to succeed in today's competitive marketplace.

$566Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$734K
Ln 12
Fees for servicesLn 2g$734K
Investment incomeLn 3$1
Money outPt IX
$656K
Ln 25
Programscol B$566K
Managementcol C$90K
Owns and owesPt X
$72K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$191K
LiabilitiesLn 26$119K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$734K
Investment incomeLn 3$1
Total revenueLn 12$734K
Assets in detailPt X, end of year
CashLn 1$71K
Cash and savings togetherLn 1–2$71K
Total assetsLn 16$191K
LiabilitiesLn 26$119K
Net assetsLn 32$72K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$93K$71K
Total assetsLn 16$114K$191K
LiabilitiesLn 26$119K$119K
Net assetsLn 32−$5K$72K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$90K$90K
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$10K$10K
Information technologyLn 14$6K$6K
TravelLn 17$353K$353K
Conferences, conventions and meetingsLn 19$41K$41K
InterestLn 20$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$116K$116K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$656K$566K$90K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $734K$656K$77K$72K 990 PDF
FY2024 $749K$477K$271K−$5K 990 PDF
FY2023 $499K$806K−$306K−$277K 990 PDF
FY2022 $600K$379K$221K$169K 990 PDF
FY2021 $249K$479K−$230K−$52K 990 PDF
FY2020 $192K$71K$121K$161K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $733,761 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $748,500$733,760
I-10 Investment incomePrior year $2$1
I-11 Other revenue$0
I-12 Total revenuePrior year $748,502$733,761
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $477,192$656,397
I-18 Total expensesPrior year $477,192$656,397
I-19 Revenue less expensesPrior year $271,310$77,364
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $733,761 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $733,760$733,760
VIII-3 Investment incomeRelated to mission $1$1
VIII-12 Total revenueRelated to mission $733,761$733,761
Part IX · Statement of functional expenses $656,397 across 10 lines filed
IX-11a Management feesManagement $90,070$90,070
IX-12 Advertising and promotionPrograms $31,215$31,215
IX-13 Office expensesPrograms $9,803$9,803
IX-14 Information technologyPrograms $6,238$6,238
IX-17 TravelPrograms $352,503$352,503
IX-19 Conferences, conventions and meetingsPrograms $41,150$41,150
IX-20 InterestPrograms $5,511$5,511
IX-23 InsurancePrograms $1,538$1,538
IX-24 Other expenses (24a–d)Programs $116,345$116,345
IX-24e All other expensesPrograms $2,024$2,024
IX-25 Total functional expensesPrograms $566,327 · Management $90,070 · Fundraising $0$656,397
Part X · Balance sheet $190,541 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $93,274$70,791
X-4 Accounts receivableStart of year $20,500$119,750
X-16 Total assetsStart of year $113,774$190,541
X-25 Other liabilitiesStart of year $119,100$118,503
X-26 Total liabilitiesStart of year $119,100$118,503
X-32 Total net assets or fund balancesStart of year −$5,326$72,038
X-33 Total liabilities and net assetsStart of year $113,774$190,541
Part XI · Reconciliation of net assets $72,038 net assets at year end
XI-1 Total revenue$733,761
XI-2 Total expenses$656,397
XI-3 Revenue less expenses$77,364
XI-4 Net assets at start of year−$5,326
XI-10 Net assets at end of year$72,038

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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