Federation Of Exchange Accommodators
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Ankeny, IA
- Founding
- 10/1990
- Data as of
- 12/2021
- EIN
- 33-0368053
Organization Overview
Federation Of Exchange Accommodators is located in Ankeny, IA. The organization was established in 1990. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Exchange Accommodators is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Federation Of Exchange Accommodators generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $958.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT PROFESSIONALS WHO CONDUCT LIKE-KIND EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1031.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES, CONVENTIONS AND MEETINGS GIVE MEMBERS THE OPPORTUNITY TO LEARN ABOUT DEVELOPMENTS IN THE INDUSTRY AND PROVIDE AN ENVIRONMENT THAT ALLOWS FOR THE FREE EXCHANGE OF IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Peterson President | OfficerTrustee | 8 | $0 |
James Miller Incoming Pre | OfficerTrustee | 8 | $0 |
Julie Baird Past Preside | OfficerTrustee | 8 | $0 |
Amanda Schmunk Secretary/tr | OfficerTrustee | 8 | $0 |
Lynn Harkin Executive Di | Officer | 20 | $0 |
Lee David Medinets Director | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Williams & Jenson Lobbying | 12/30/21 | $350,000 |
Amplify Association Management Management | 12/30/21 | $181,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,053,548 |
| Investment income | $2,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,055,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $181,882 |
| Fees for services: Legal | $170,464 |
| Fees for services: Accounting | $10,450 |
| Fees for services: Lobbying | $282,977 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $552 |
| Office expenses | $15,309 |
| Information technology | $19,079 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,038 |
| All other expenses | $0 |
| Total functional expenses | $958,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,165,753 |
| Savings and temporary cash investments | $258,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,302 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,019,905 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,450,742 |
| Accounts payable and accrued expenses | $43,602 |
| Grants payable | $0 |
| Deferred revenue | $101,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $145,302 |
| Net assets without donor restrictions | $2,305,440 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,450,742 |
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