Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBER DUES

  total $5,662,579 · related or exempt $5,662,579

• 2b · Program service revenue: MANAGEMENT FEES

  total $2,870,518 · related or exempt $2,870,518

• 2c · Program service revenue: SPONSORSHIP REVENUE

  total $1,587,688 · related or exempt $1,587,688

• 2d · Program service revenue: PRODUCT SALES

  total $189,855 · related or exempt $189,855

• 3 · Investment income

  total $313,220 · excluded $313,220

• 5 · Royalties

  total $1,159,606 · excluded $1,159,606

• 6a · Gross rents

  real property $339,698

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $339,698

• 6d · Net rental income or loss

  total $339,698 · excluded $339,698

• 7a · Gross sales of assets other than inventory

  securities $1,127,345

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

  securities $1,381,430

• 7c · Gain or loss

  securities -$254,085

• 7d · Net gain or loss

  total -$254,085 · excluded -$254,085

• 11d · All other revenue

  total $38,732 · related or exempt $38,732

• 11e · Other revenue, total

  $38,732

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $125,000

• 2 · Grants to domestic individuals

  total $42,750

• 5 · Compensation of officers, directors and key employees

  total $2,583,450

• 7 · Other salaries and wages

  total $3,551,690

• 8 · Pension plan contributions

  total $296,850

• 9 · Other employee benefits

  total $365,509

• 10 · Payroll taxes

  total $325,875

• 11b · Fees: legal

  total $151,047

• 11c · Fees: accounting

  total $56,181

• 11g · Fees: other

  total $905,859

• 12 · Advertising and promotion

  total $115,570

• 13 · Office expenses

  total $977,782

• 14 · Information technology

  total $787,897

• 16 · Occupancy

  total $462,934

• 17 · Travel

  total $261,334

• 19 · Conferences, conventions and meetings

  total $59,482

• 22 · Depreciation, depletion and amortization

  total $248,195

• 23 · Insurance

  total $517,473

• 24a · Other expenses: COMMUNITY RELATIONS

  total $65,517

• 24b · Other expenses: TAXES

  total $65,391

• 24c · Other expenses: AWARDS & PRIZES

  total $54,598

• 24d · Other expenses: PARKING EXPENSES

  total $46,854

• 24e · All other expenses

  total $921,479

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,217,178 · end of year $947,441

• 4 · Accounts receivable

  beginning of year $206,897 · end of year $296,388

• 9 · Prepaid expenses and deferred charges

  beginning of year $355,151 · end of year $265,633

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

  $9,801,828

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

  $6,639,822

• 10c · Land, buildings and equipment, net

  beginning of year $3,075,690 · end of year $3,162,006

• 11 · Investments: publicly traded securities

  beginning of year $11,063,687 · end of year $11,138,189

• 12 · Investments: other securities

  beginning of year $11,881,802 · end of year $10,834,643

• 14 · Intangible assets

  end of year $988,889

• 15 · Other assets

  beginning of year $796,261 · end of year $1,146,271

• 17 · Accounts payable and accrued expenses

  beginning of year $1,967,396 · end of year $1,216,401

• 19 · Deferred revenue

  beginning of year $969,121 · end of year $722,123

• 25 · Other liabilities

  beginning of year $27,709 · end of year $1,524,035

• 27 · Net assets without donor restrictions

  beginning of year $25,632,440 · end of year $25,316,901

The filer's explanations (Part III)

PART I, LINE 1A

PER EMPLOYMENT CONTRACT, ROBERT RUSBULDT, CEO, MAY FLY FIRST CLASS. PER COMPANY POLICY, THE CHAIR AND CHAIR-ELECT FLY FIRST CLASS IF THE FLIGHT TIME IS AT LEAST FOUR HOURS. TRAVEL FOR COMPANIONS BENEFIT IS RECEIVED BY ROBERT RUSBULDT, CEO AND THE IIABA EXECUTIVE COMMITTEE. GROSS-UP PAYMENTS ARE ALLOWED FOR THOSE RECEIVING TRAVEL FOR COMPANIONS BENEFITS. ROBERT RUSBULDT (CEO) RECEIVES GROSS-UP PAYMENTS ON ALL BENEFITS.

PART I, LINE 1B

IIABA HAS AN EXPENSE REPORT POLICY WHICH SPECIFICALLY ADDRESSES SPOUSAL TRAVEL REIMBURSEMENT AND THE GROSS UP PAYMENT.

Related corporations and trusts

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

• BIG I ADVANTAGE

  INSURANCE AGENTS · DE · 100% owned · share of income $19,004,053 · share of assets $7,270,982 · controlled entity

• IIAA MEMBERSHIP SERVICES INC

  PUBLISHING · VA · controlled entity

  Directly controlled by BIG I ADVANTAGE

• IIAA AGENCY ADMINISTRATIVE SERVICES INC

  INSURANCE AGENTS · VA · controlled entity

  Directly controlled by BIG I ADVANTAGE