The Auction Academy FY2024 filing

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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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1333580) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
79% of spending went to programs.
Pt IX · Ln 25 · col B
2.3 mo
of spending, in cash
2.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$119K
105% of total assets
Liabilities are 105% of assets.
Pt X · Ln 26
Independent board members
1
of 3 voting members
1 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$749K
+50% vs prior year
Spent
$477K
To programs
79%
Net assets
−$5K
By yearFY2020–FY2025
Revenue
$749K
FY2024▲ +50%
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
$477K
FY2024▼ -41%
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
−$5K
FY2024▲ +98%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $377K Management & general 21% · $100K

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
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Auction Academy executive salaries →

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.

Questions for The Auction Academy

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1 program · $377K · in their own filed words · FY2024
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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1333580) · Dispute this line
$377Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$749K
Ln 12
Fees for servicesLn 2g$748K
Investment incomeLn 3$2
Money outPt IX
$477K
Ln 25
Programscol B$377K
Managementcol C$100K
Owns and owesPt X
−$5K
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$114K
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$748K
Investment incomeLn 3$2
Total revenueLn 12$749K
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
Accounts receivableLn 4$20K
Total assetsLn 16$114K
LiabilitiesLn 26$119K
Net assetsLn 32−$5K
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 FY24End FY24
Cash and savingsLn 1–2$31K$93K
Total assetsLn 16$127K$114K
LiabilitiesLn 26$404K$119K
Net assetsLn 32−$277K−$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$100K$100K
Advertising and promotionLn 12$43K$43K
Office expensesLn 13$42K$42K
Information technologyLn 14$6K$6K
TravelLn 17$194K$194K
Conferences, conventions and meetingsLn 19$20K$20K
InterestLn 20$8K$8K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$477K$377K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 14, 2026 $734K$656K$77K$72K 990 PDF
FY2024 ViewingFiled with the IRS Mar 11, 2025 $749K$477K$271K−$5K 990 PDF
FY2023Filed with the IRS Jul 18, 2024 $499K$806K−$306K−$277K 990 PDF
FY2022Filed with the IRS Mar 14, 2023 $600K$379K$221K$169K 990 PDF
FY2021Filed with the IRS Apr 14, 2022 $249K$479K−$230K−$52K 990 PDF
FY2020Filed with the IRS Mar 14, 2021 $192K$71K$121K$161K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $748,502 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $499,205$748,500
I-10 Investment incomePrior year $1$2
I-11 Other revenue$0
I-12 Total revenuePrior year $499,206$748,502
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 $805,505$477,192
I-18 Total expensesPrior year $805,505$477,192
I-19 Revenue less expensesPrior year −$306,299$271,310
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 $748,502 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $748,500$748,500
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $748,502$748,502
Part IX · Statement of functional expenses $477,192 across 10 lines filed
IX-11a Management feesManagement $100,000$100,000
IX-12 Advertising and promotionPrograms $42,996$42,996
IX-13 Office expensesPrograms $42,135$42,135
IX-14 Information technologyPrograms $6,253$6,253
IX-17 TravelPrograms $193,901$193,901
IX-19 Conferences, conventions and meetingsPrograms $19,732$19,732
IX-20 InterestPrograms $7,742$7,742
IX-23 InsurancePrograms $1,451$1,451
IX-24 Other expenses (24a–d)Programs $57,286$57,286
IX-24e All other expensesPrograms $5,696$5,696
IX-25 Total functional expensesPrograms $377,192 · Management $100,000 · Fundraising $0$477,192
Part X · Balance sheet $113,774 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $30,940$93,274
X-4 Accounts receivableStart of year $96,000$20,500
X-16 Total assetsStart of year $126,940$113,774
X-25 Other liabilitiesStart of year $403,573$119,100
X-26 Total liabilitiesStart of year $403,573$119,100
X-31 Retained earnings or endowmentStart of year −$276,633−$5,326
X-32 Total net assets or fund balancesStart of year −$276,633−$5,326
X-33 Total liabilities and net assetsStart of year $126,940$113,774
Part XI · Reconciliation of net assets −$5,326 net assets at year end
XI-1 Total revenue$748,502
XI-2 Total expenses$477,192
XI-3 Revenue less expenses$271,310
XI-4 Net assets at start of year−$276,633
XI-9 Other changes in net assets−$3
XI-10 Net assets at end of year−$5,326

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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