Form 990 for tax year 2024
Filed by INTERNATIONAL ASSOCIATION OF COMMERCIAL COLLECTORS INC.
Totals
- Total revenue
- $296,921
- Total expenses
- $242,089
- Contributions and grants received
- $138,673
- Grants paid
- $0
- Program service revenue
- $147,155
- Investment income
- $10,954
- Other revenue
- $139
- Total assets, end of year
- $564,877
- Total liabilities, end of year
- $153,224
- Net assets or fund balances, end of year
- $411,653
- Program services expenses (Part IX)
- $216,810
- Management and general expenses
- $25,279
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $216,810
Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$138,673
-
2a · Program service revenue: CONVENTIONS & SEMINARS
total $147,155 · related or exempt $147,155
-
3 · Investment income
total $10,954 · excluded $10,954
-
11a · Other revenue: OTHER REVENUE
total $139 · related or exempt $139
-
11e · Other revenue, total
$139
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $59,482 · program services $40,720 · management and general $18,762
-
11b · Fees: legal
total $317 · management and general $317
-
11c · Fees: accounting
total $6,200 · management and general $6,200
-
12 · Advertising and promotion
total $2,192 · program services $2,192
-
13 · Office expenses
total $997 · program services $997
-
19 · Conferences, conventions and meetings
total $145,919 · program services $145,919
-
23 · Insurance
total $3,526 · program services $3,526
-
24a · Other expenses: BOARD EXPENSE
total $14,332 · program services $14,332
-
24b · Other expenses: BANK FEES
total $8,673 · program services $8,673
-
24c · Other expenses: NEWSLETTER
total $1,000 · program services $1,000
-
24d · Other expenses: DUES AND SUBSCRIPTION
total -$549 · program services -$549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $365,851 · end of year $125,816
-
2 · Savings and temporary cash investments
beginning of year $105,864 · end of year $370,064
-
4 · Accounts receivable
beginning of year $5,006 · end of year $51,294
-
9 · Prepaid expenses and deferred charges
beginning of year $11,462 · end of year $17,703
-
17 · Accounts payable and accrued expenses
beginning of year $38,689 · end of year $808
-
19 · Deferred revenue
beginning of year $92,094 · end of year $152,416
-
25 · Other liabilities
beginning of year $579 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $356,821 · end of year $411,653
Mission and programs · 2024
Mission
THE INTERNATIONAL ASSOCIATION OF COMMERCIAL COLLECTORS, INC. (IACC)ENHANCES THE GROWTH OF ITS MEMBERS BY DELIVERING EDUCATION AND PROFESSIONAL RESOURCES IN A COLLABORATIVE ENVIRONMENT.
-
IACC HOLDS AN ANNUAL CONVENTION AND SEVERAL ONLINE SEMINARS EACH YEAR. CONVENTION ATTENDANCE IS TYPICALLY APPROXIMATELY 150 MEMBERS. ONLINE SEMINARS/TELESEMINARS AVERAGE 10-20 ATTENDEES EACH.
Expenses $216,810 · Revenue $147,294
-
IACC PUBLISHES SCOPE, A BI-MONTHLY MEMBERS ONLY NEWSLETTER THAT IS SENT TO APPROXIMATELY 250 MEMBERS.
-
IACC HAS A COLLECTOR CERTFICATION PROGRAM. THERE ARE APPX 140 CERTIFIED COLLECTORS ACTIVE IN THE PROGRAM.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jassim DarwishJASSIM DARWISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Greg CohenGREG COHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim McConvilleJIM MCCONVILLE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Randy FrazeeRANDY FRAZEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert TharnishROBERT THARNISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary TierGARY TIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tony TerryTONY TERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Valerie IngoldVALERIE INGOLD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Wanda BorgesWANDA BORGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erwin FalknerERWIN FALKNER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Bill MannBILL MANN
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601909349300230
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