Avixa INC FY2023 filing

Not tax-deductible

Fairfax, VA501(c)(6)Since 1939Mutual / membership EIN 54-0621493Revenue $36.5M in FY2023

On file with the IRSavixa.org11242 Waples Mill Rd Ste 200, 22030-6079 · Fairfax, VATax-exempt since Aug 1982

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To provide expositions, education/training, industry technology updates, certification, market research, and networking opportunities to enterprises and professionals in the AV industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$3.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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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
3 of 5
filings with a surplus
Average surplus $2.0M a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$3.7M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $40.9M in investments, Pt X · Ln 11–13
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21.9M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.5M
+26% vs prior year
Spent
$33.0M
Net assets
$34.6M
By yearFY2020–FY2024
Revenue
$36.5M
FY2023▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.6M
FY2021$24.1M
FY2022$28.9M
FY2023$36.5M
FY2024$47.1M
Expenses
$33.0M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$31.5M
FY2021$26.1M
FY2022$30.2M
FY2023$33.0M
FY2024$40.3M
Net assets
$34.6M
FY2023▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$34.8M
FY2021$33.9M
FY2022$28.1M
FY2023$34.6M
FY2024$32.7M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Aug 1982.

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

Who runs it and what they're paid

22 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
$1,125,181Pt VII · Sec A
Senior VP, Expositions
$420,195Pt VII · Sec A
$374,145Pt VII · Sec A
$373,587Pt VII · Sec A
$346,283Pt VII · Sec A
VP of IT
$235,449Pt VII · Sec A
SR Director of Finance & Admin
$226,686Pt VII · Sec A
SR Director of Market Intelligence
$215,600Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Labuskes$1,221,751$1,125,181$1,042,026$1,019,787$952,143
Rochelle Richardson$576,600$420,195$409,065$392,770$391,128
Heidi Voorhees————$411,431
Daniel Goldstein$391,656$374,145$354,360$349,754$346,869
Gregory Feehan$386,194$373,587$358,110$346,523$346,474
Sarah Joyce$360,143$346,283$347,698$329,810$286,577
Terence O'Brien$236,142$226,686$213,228$205,202$210,033
Kapil Kher$233,403$235,449$226,225$217,244$222,334

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Connects AV industry professionals with training, updates, and networking.

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3 programs · in their own filed words · FY2023
01

Provide resources and information about the audiovisual industry, including standards on industry technology and processes, market research, and organize conferences and industry events offering content on industry developments and networking opportunities.

Pt IX · col B
02

Organize trade shows in multiple countries, to provide enterprises a venue to exhibit current audiovisual technologies and solutions and to offer industry professionals a place to network, see technologies and receive av industry training.

Pt IX · col B
03

Provide education and training on industry specific topics as well as offer certification to av professionals and companies.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$36.5M
Ln 12
Fees for servicesLn 2g$35.6M
Investment incomeLn 3$972K
Money outPt IX
$33.0M
Ln 25
Owns and owesPt X
$34.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.0M
Total assetsLn 16$56.5M
LiabilitiesLn 26$21.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A10
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$35.6M
Investment incomeLn 3$972K
Gains on assetsLn 7−$267K
Total revenueLn 12$36.5M
Assets in detailPt X, end of year
CashLn 1$583K
SavingsLn 2$6.4M
Cash and savings togetherLn 1–2$7.0M
InvestmentsLn 11–13$40.9M
Land, buildings, equipmentLn 10c$180K
Other assetsLn 15$318K
Total assetsLn 16$56.5M
LiabilitiesLn 26$21.9M
Net assetsLn 32$34.6M
OperationsPt I, VI
EmployeesI 5125
VolunteersI 6532
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$4.4M$7.0M
InvestmentsLn 11–13$33.4M$40.9M
Land, buildings, equipmentLn 10c$168K$180K
Total assetsLn 16$46.8M$56.5M
LiabilitiesLn 26$18.7M$21.9M
Net assetsLn 32$28.1M$34.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.8M
Other salaries and wagesLn 7$10.7M
Pension plan contributionsLn 8$387K
Other employee benefitsLn 9$1.1M
Payroll taxesLn 10$878K
Legal feesLn 11b$205K
Accounting feesLn 11c$170K
Investment management feesLn 11f$160K
Other fees for servicesLn 11g$2.2M
Advertising and promotionLn 12$627K
Office expensesLn 13$868K
Information technologyLn 14$1.9M
OccupancyLn 16$890K
TravelLn 17$1.5M
Conferences, conventions and meetingsLn 19$4.1M
InterestLn 20$154
Depreciation, depletion and amortizationLn 22$120K
InsuranceLn 23$333K
Other expenses (24a–d)Ln 24$4.1M
All other expensesLn 24e$40K
Total functional expensesLn 25$33.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $47.1M$40.3M$6.8M$32.7M 990 PDF
FY2023 Viewing $36.5M$33.0M$3.5M$34.6M 990 PDF
FY2022 $28.9M$30.2M−$1.3M$28.1M 990 PDF
FY2021 $24.1M$26.1M−$2.0M$33.9M 990 PDF
FY2020 $34.6M$31.5M$3.2M$34.8M 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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $36,525,136 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $28,792,433$35,552,978
I-10 Investment incomePrior year $137,165$972,158
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $28,929,598$36,525,136
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,863,612$15,903,045
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,329,046$17,111,807
I-18 Total expensesPrior year $30,192,658$33,014,852
I-19 Revenue less expensesPrior year −$1,263,060$3,510,284
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $36,525,136 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,690,576 · Excluded from tax $29,862,402$35,552,978
VIII-3 Investment incomeExcluded from tax $1,239,490$1,239,490
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$267,332−$267,332
VIII-12 Total revenueRelated to mission $5,690,576 · Unrelated business $0 · Excluded from tax $30,834,560$36,525,136
Part IX · Statement of functional expenses $33,014,852 across 20 lines filed
IX-5 Pay of current officers, directors and key staff$2,837,477
IX-7 Other salaries and wages$10,711,520
IX-8 Pension plan contributions$386,525
IX-9 Other employee benefits$1,089,375
IX-10 Payroll taxes$878,148
IX-11b Legal fees$204,713
IX-11c Accounting fees$169,540
IX-11f Investment management fees$160,012
IX-11g Other fees for services$2,185,180
IX-12 Advertising and promotion$626,998
IX-13 Office expenses$868,021
IX-14 Information technology$1,873,809
IX-16 Occupancy$889,767
IX-17 Travel$1,499,165
IX-19 Conferences, conventions and meetings$4,054,906
IX-20 Interest$154
IX-22 Depreciation, depletion and amortization$120,242
IX-23 Insurance$332,518
IX-24 Other expenses (24a–d)$4,086,579
IX-24e All other expenses$40,203
IX-25 Total functional expenses$33,014,852
Part X · Balance sheet $56,484,767 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $623,103$582,574
X-2 Savings and temporary cash investmentsStart of year $3,808,740$6,444,228
X-4 Accounts receivableStart of year $114,109$501,168
X-9 Prepaid expenses and deferred chargesStart of year $1,955,403$1,998,494
X-10c Land, buildings and equipment, netStart of year $168,073$179,813
X-11 Publicly traded securitiesStart of year $30,938,074$39,403,643
X-12 Other securitiesStart of year $2,475,307$1,464,301
X-14 Intangible assetsStart of year $6,201,963$5,592,790
X-15 Other assetsStart of year $512,149$317,756
X-16 Total assetsStart of year $46,796,921$56,484,767
X-17 Accounts payable and accrued expensesStart of year $5,575,067$4,982,830
X-19 Deferred revenueStart of year $12,419,615$15,920,223
X-25 Other liabilitiesStart of year $669,382$958,268
X-26 Total liabilitiesStart of year $18,664,064$21,861,321
X-27 Net assets without donor restrictionsStart of year $28,132,857$34,623,446
X-32 Total net assets or fund balancesStart of year $28,132,857$34,623,446
X-33 Total liabilities and net assetsStart of year $46,796,921$56,484,767
Part XI · Reconciliation of net assets $34,623,446 net assets at year end
XI-1 Total revenue$36,525,136
XI-2 Total expenses$33,014,852
XI-3 Revenue less expenses$3,510,284
XI-4 Net assets at start of year$28,132,857
XI-5 Net unrealized gains (losses) on investments$2,980,305
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$34,623,446

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

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