Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $719,711

• 2a · Program service revenue: DUES

  total $2,033,499 · related or exempt $2,033,499

• 2b · Program service revenue: CONVENTION

  total $1,059,045 · related or exempt $658,570 · excluded $400,475

• 2c · Program service revenue: LEADERSHIP DIVISION

  total $135,180 · related or exempt $135,180

• 2d · Program service revenue: LEGISLATIVE FUND

  total $104,570 · related or exempt $104,570

• 2e · Program service revenue: ADVERTISING

  total $15,765 · unrelated business $15,765

• 2f · All other program service revenue

  total $6,950 · related or exempt $6,950

• 3 · Investment income

  total $665,314 · excluded $665,314

• 5 · Royalties

  total $1,070,266 · excluded $1,070,266

• 6a · Gross rents

  real property $5,441

• 6c · Rental income or loss

  real property $5,441

• 6d · Net rental income or loss

  total $5,441 · excluded $5,441

• 7a · Gross sales of assets other than inventory

  other assets $5,326,152

• 7b · Less cost or other basis and sales expenses

  other assets $1,390,798

• 7c · Gain or loss

  other assets $3,935,354

• 7d · Net gain or loss

  total $3,935,354 · excluded $3,935,354

• 11a · Other revenue: REIMBURSEMENTS

  total $8,000 · related or exempt $8,000

• 11b · Other revenue: MISCELLANEOUS

  total $2,527 · related or exempt $2,527

• 11e · Other revenue, total

  $10,527

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,223,825

• 7 · Other salaries and wages

  total $1,187,484

• 8 · Pension plan contributions

  total $45,092

• 9 · Other employee benefits

  total $218,778

• 10 · Payroll taxes

  total $168,063

• 11b · Fees: legal

  total $40,133

• 11c · Fees: accounting

  total $24,906

• 11f · Fees: investment management

  total $14,222

• 11g · Fees: other

  total $770,575

• 12 · Advertising and promotion

  total $19,997

• 13 · Office expenses

  total $373,885

• 14 · Information technology

  total $27,557

• 16 · Occupancy

  total $142,179

• 17 · Travel

  total $216,471

• 18 · Travel or entertainment for public officials

  total $3,061

• 19 · Conferences, conventions and meetings

  total $1,149,783

• 20 · Interest

  total $4

• 22 · Depreciation, depletion and amortization

  total $30,162

• 23 · Insurance

  total $47,032

• 24a · Other expenses: UBIT

  total $1,656

• 24b · Other expenses: SUBSCRIPTIONS

  total $61,159

• 24c · Other expenses: BAD DEBT EXPENSE

  total $50,000

• 24d · Other expenses: DUES/ MEMBERSHIPS

  total $28,831

• 24e · All other expenses

  total $63,902

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $548,070 · end of year $506,770

• 2 · Savings and temporary cash investments

  beginning of year $240,111 · end of year $3,170,237

• 4 · Accounts receivable

  beginning of year $283,943 · end of year $260,460

• 5 · Loans and receivables from officers and key people

  beginning of year $20,000 · end of year $20,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $177,421 · end of year $284,577

• 10a · Land, buildings and equipment: cost or other basis

  $583,713

• 10b · Land, buildings and equipment: accumulated depreciation

  $445,665

• 10c · Land, buildings and equipment, net

  beginning of year $1,457,841 · end of year $138,048

• 11 · Investments: publicly traded securities

  end of year $2,079,221

• 12 · Investments: other securities

  beginning of year $4,666 · end of year $4,666

• 15 · Other assets

  beginning of year $4,101,242 · end of year $4,914,418

• 17 · Accounts payable and accrued expenses

  beginning of year $80,040 · end of year $46,958

• 19 · Deferred revenue

  beginning of year $966,836 · end of year $1,002,828

• 25 · Other liabilities

  beginning of year $517,735 · end of year $759,935

• 27 · Net assets without donor restrictions

  beginning of year $5,268,683 · end of year $9,568,676

The filer's explanations (Part III)

SCHEDULE J, PART III

FORM 990, SCH J: IBAT IS THE COMMON PAYMASTER FOR ITSELF AND ITS RELATED ENTITIES. AMOUNTS LISTED ON FORM 990, PART VII, SECTION A, COLUMN E AND SCHEDULE J, PART II, ROW II REPRESENTS ALLOCATION OF SHARED PAYROLL EXPENSES TO IBAT'S RELATED ENTITIES.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• IBAT SERVICES INC

  C CORP · SERVICES · TX · 100% owned · share of income $960,286 · share of assets $1,324,102 · controlled entity

  Directly controlled by IBAT

• IBAT MARKETING INC

  C CORP · SERVICES · TX · 100% owned · share of income $568,046 · share of assets $378,587 · controlled entity

  Directly controlled by IBAT

• IBAT FINANCIAL SERVICES INC

  C CORP · INSURANCE · TX · 100% owned · share of income $30,049 · share of assets $1,127,373 · controlled entity

  Directly controlled by IBAT

• IBAT BOND TRUST

  TRUST · INSURANCE · TX · 100% owned · share of income $30,137 · share of assets $864,106 · controlled entity

  Directly controlled by IBAT

• IBAT PERFORMANCE

  C CORP · SERVICES · TX · 100% owned · share of income $805,834 · share of assets $525,552 · controlled entity

  Directly controlled by IBAT