2024-11-15T17:37:21-06:00 2023-12-31 481108284 IFFT & CO PA 11030 GRANADA LN SUITE 100 OVERLAND PARK KS 66211 990 2023-01-01 356027658 NATIONAL AUCTIONEERS ASSOCIATION NATI 9135635422 8880 BALLENTINE OVERLAND PARK KS 66214 AILIE BYERS TREASURER 9135635422 2024-11-15 1 1 MARK W EATON P00556079 9133451120 2023 2024-10-15 13:58:12Z AILIE BYERS 8880 BALLENTINE OVERLAND PARK KS 66214 3441554 0 X WWW.AUCTIONEERS.ORG X 1949 KS PROVIDE CRITICAL RESOURCES TO AUCTION PROFESSIONALS THAT WILL ENHANCE THEIR SKILLS AND SUCCESSES. 11 11 16 70 61581 0 8000 0 2130092 2345873 37911 44922 72346 220011 2248349 2610806 0 0 0 0 1015618 1052421 0 0 0 1676548 1814171 2692166 2866592 -443817 -255786 1676971 1383683 1221825 1105041 455146 278642 PROVIDE CRITICAL RESOURCES TO AUCTION PROFESSIONALS THAT WILL ENHANCE THEIR SKILLS AND SUCCESSES. 0 0 ANNUAL CONVENTIONS AND SEMINARS TO EDUCATE AND INFORM AUCTIONEERS OF ITEMS AFFECTING THE PROFESSION AND TO UNITE IN COMMON ORGANIZATION THOSE PROFESSIONALLY ENGAGED AS AUCTIONEERS. DESIGNATION PROGRAMS - THE CERTIFIED AUCTIONEER INSTITUTE (CAI) AND ACCREDITED AUCTIONEER REAL ESTATE (AARE) ARE PROVIDED SO THAT MEMBERS CAN CONTINUE TO DEVELOP THEIR PROFESSIONAL SKILL IN A NUMBER OF AREAS. AUCTIONEER MAGAZINE - PROVIDES NAA AUCTION PROFESSIONALS WITH INSIGHTFUL CONTENT TO HELP THEM ADVANCE THEIR CAREERS, GROW THEIR BUSINESS, STAY CONNECTED TO THE INDUSTRY AND REMAIN COMPETITIVE IN AN EVER-CHANGING AUCTION MARKETPLACE. 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 24 0 1 16 1 1 1 0 0 0 1 1 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 KS X X THE ORGANIZATION 9135635422 8880 BALLENTINE OVERLAND PARK KS 66214 LANCE WALKER PRESIDENT 2.00 X X 0 0 0 JOHN SCHULTZ VICE PRESIDENT 2.00 X X 0 0 0 AILIE BYERS TREASURER 2.00 X X 0 0 0 SHERMAN HOSTETTER CHAIRMAN OF THE BOARD 2.00 X 0 0 0 MIKE FISHER DIRECTOR 2.00 X 0 0 0 JOFF VAN REENEN DIRECTOR 2.00 X 0 0 0 WADE BAER DIRECTOR 2.00 X 0 0 0 T KYLE SWICEGOOD DIRECTOR 2.00 X 0 0 0 JAMES CASH DIRECTOR 2.00 X 0 0 0 MORGAN HOPSON DIRECTOR 2.00 X 0 0 0 AARON ENSMINGER CHIEF EXECUTIVE OFFICER 40.00 X 143664 0 1336 143664 0 1336 1 0 0 0 0 MEMBERSHIP DUES 611710 964271 964271 PROGRAM DESIGNATION FE 611710 721757 721757 CONFERENCES & SEMINARS 611710 598264 598264 ADVERTISING 541800 61581 61581 2345873 21437 21437 24000 0 24000 24000 24000 854233 830748 23485 23485 23485 OTHER 900099 143019 143019 MANAGEMENT FEE 900099 52992 52992 196011 2610806 2284292 61581 264933 145000 759432 9295 68688 70006 11214 22005 6919 5221 15592 29202 129796 103365 62610 649087 21038 11758 DESIGNATION PROGRAMS 557836 BANK & CREDIT CARD FEES 69661 MEMBERSHIP DEVELOPMENT 60635 PUBLICATIONS 56615 1617 2866592 54762 19073 24125 2915 15544 10847 61310 133448 1936444 1649044 308439 287400 735134 512299 477657 417701 1676971 1383683 317317 186851 672508 734190 232000 184000 1221825 1105041 X 455146 278642 455146 278642 1676971 1383683 -255786 79282 0 X X 0 1 X 1 0 423398 -2999 2698 417701 489102 -62982 2722 423398 425006 66998 2902 489102 609531 600 -60688 122014 2423 425006 589310 42548 -3258 17500 1569 609531 1.00000 0 0 134061 134061 1376585 1226057 150528 105486 102675 2811 320312 320312 0 287400 LIFETIME MEMBERSHIP DESIGNATED FUNDS 417687 BUILDING MAINTENANCE DESIGNATED FUNDS 14 417701 DEFERRED RENT 184000 184000 X 2683168 79282 79282 2603886 6920 6920 2610806 2859672 0 2859672 6920 6920 2866592 PART V, LINE 4: RESTRICTED BY THE NAA BOARD OF DIRECTORS TO COVER LIFETIME MEMBERSHIP COSTS. PART X, LINE 2: THE ASSOCIATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, BUT MAY BE SUBJECT TO UNRELATED BUSINESS INCOME TAX. NO UNRELATED BUSINESS INCOME TAX WAS INCURRED FOR THE YEARS ENDED DECEMBER 31, 2023 OR 2022. THE ASSOCIATION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE ASSOCIATION IS SUBJECT TO INCOME TAX REGULATIONS IN THE U.S. FEDERAL JURISDICTION AND CERTAIN STATE JURISDICTIONS. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO THE INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE APPLICABLE TAX AUTHORITIES FOR THE YEARS BEFORE 2019. IF ANY WERE TO BE INCURRED, THE ASSOCIATION'S POLICY IS TO RECORD PENALTIES AND INTEREST ASSESSED BY INCOME TAX AUTHORITIES AS OPERATING EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 6,920. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 6,920. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS AN ASSOCIATION THAT CONSISTS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY AT NATIONAL CONFERENCES. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS VOTE ON DECISIONS MADE BY THE GOVERNING BODY AT NATIONAL CONFERENCES. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE AND AUDIT COMMITTEE REVIEWS THE FORM 990 PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL REPORTS OF A VIOLATION OF THE CONFLICT OF INTEREST POLICY ARE REPORTED IN WRITING TO THE PRESIDENT. THE REPORT SPECIFIES THE NATURE AND CHARACTER OF THE VIOLATION, TIME AND PLACE WHERE THE VIOLATION OCCURRED AND SHALL BE SIGNED BY THE SUBMITTER OF THE COMPLAINT. A SPECIAL COMMITTEE SHALL BE APPOINTED TO INVESTIGATE ANY COMPLAINT RECEIVED BY THE PRESIDENT. AFTER THE SPECIAL COMMITTEE HAS INVESTIGATED THE COMPLAINT, A FORMAL REPORT SHALL BE PRESENTED TO THE BOARD OF DIRECTORS. IF THE INVESTIGATION HAS FOUND THE COMPLAINT MERITLESS, THE BOARD MAY ELECT TO DISMISS THE COMPLAINT. THE BOARD ALSO HAS THE RIGHT TO INSTRUCT THE SPECIAL COMMITTEE TO INVESTIGATE FURTHER INTO THE MATTER. IF THE COMMITTEE THINKS THE COMPLAINT HAS MERIT, THEY SHALL PRESENT THEIR FINDINGS TO THE PRESIDENT, WHO WILL ATTACH THE FINDINGS TO THE ORIGINAL COMPLAINT AND PRESENT THE ACCUSATION TO THE ACCUSED VIOLATOR, THEREBY NOTIFYING HIM OF THE ACCUSATION AND ALLOWING THE ACCUSED TO RESPOND TO THE ACCUSATION. UPON RECEIPT OF THE ANSWER FROM THE ACCUSED, THE PRESIDENT SHALL PRESENT THE COMPLAINT, FINDINGS, AND ANSWER TO THE BOARD OF DIRECTORS. THE BOARD CAN CENSURE, SUSPEND, OR REMOVE THROUGH A MAJORITY VOTE. THE VOTE CANNOT OCCUR UNTIL 15 DAYS AFTER THE STATEMENT OF THE COMPLAINT HAS BEEN MAILED BY REGISTERED MAIL TO THE ACCUSED DIRECTOR, ALONG WITH A NOTICE OF THE TIME AND PLACE WHERE THE BOARD OF DIRECTORS IS TO TAKE ACTION ON THE COMPLAINT. IF THE PRESIDENT AND/OR VICE PRESIDENT ARE THE ACCUSED PARTY, THE SECRETARY/TREASURER SHALL ACT AS PRESIDENT AS DESCRIBED ABOVE. AN IMPARTIAL RECORDING OF THE MEETING TO HANDLE THE CONFLICT OF INTEREST COMPLAINT SHALL BE KEPT, AND SWORN TESTIMONY AND EVIDENTIAL MATTERS MAY BE RENDERED DURING THE MEETING. THE NONINTERESTED BOARD MEMBERS MUST DELIBERATE ON THE GUILT OR INNOCENCE OF THE ACCUSED PARTY IMMEDIATELY FOLLOWING THE COMPLETION OF THE TAKING OF TESTIMONY ON THE COMPLAINT. A MAJORITY VOTE IS REQUIRED TO FIND THE ACCUSED GUILTY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS EMPLOY THE CHIEF EXECUTIVE OFFICER TO WHOM IT DELEGATES RESPONSIBILITY FOR THE DAY-TO-DAY MANAGEMENT OF THE ORGANIZATION. THE CHIEF EXECUTIVE OFFICER AND OTHER TOP MANAGEMENT ARE GIVEN ANNUAL PERFORMANCE REVIEWS. COMPENSATION AND BENEFITS ARE AT A LEVEL THAT IS COMPETITIVE WITH SIMILAR ORGANIZATIONS WITHIN THE COMMUNITY AND CONSISTENT WITH THE ORGANIZATION'S OVERALL FINANCIAL ABILITY AND OBJECTIVE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, QUESTION 2C: THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. THE NATIONAL AUCTIONEERS ASSN FOUNDATION 8880 BALLENTINE OVERLAND PARK KS 66214 363258500 TO ADVANCE AND ENRICH THE AUCTION COMMUNITY. TO PROVIDE FUNDING TO NAA KS 501(C)(3) 170(B)(1) (A)(VI) 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0