Indiana Association Of School Business Officials Inc
- Assets
- $2.3m
- Revenue
- $675.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 04/1988
- Data as of
- 12/2022
- EIN
- 35-1396052
Organization Overview
Indiana Association Of School Business Officials Inc is located in Indianapolis, IN. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Indiana Association Of School Business Officials Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Association Of School Business Officials Inc 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 12/2022, Indiana Association Of School Business Officials Inc generated $675.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $661.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, INC (IASBO) IS TO STRIVE FOR THE PROMOTION AND UNION OF THOSE INDIVIDUALS INVOLVED IN SCHOOL BUSINESS AFFAIRS. IASBO CURRENTLY HAS OVER 1,300 MEMBERS REPRESENTING OVER 95% OF INDIANA'S PUBLIC SCHOOL CORPORATIONS. IASBO PROVIDES PROGRAMS AND SERVICES TO PROMOTE THE HIGHEST STANDARDS OF SCHOOL BUSINESS MANAGMENT PRACTICES, PROFESSIONAL GROWTH, AND EFFECTIVE USE OF EDUCATIONAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES - IN ORDER TO SUPPORT THE PROMOTION AND UNION OF ITS MEMBERS, THE INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS, INC. (IASBO) HOLDS AN ANNUAL CONVENTION, PRODUCES A NEWSLETTER, AND PROVIDES EACH MEMBER WITH A DIRECTORY. IN ADDITION, IASBO PROVIDES VARIOUS SCHOOL CORPORATIONS WITH COPIES OF WEST LAW BOOKS TO KEEP THEM UPDATED ON THE CHANGES IN THE INDIANA CODE AFFECTING EDUCATION/SCHOOLS.
PROFESSIONAL DEVELOPMENT SEMINARS - IASBO HAS DEVELOPED A PROGRAM OF PROFESSIONAL REGISTRATION AND CONTINUING EDUCATION IN ORDER TO RECOGNIZE STANDARDS OF COMPETENCE FOR SCHOOL BUSINESS OFFICIALS WITH IASBO ACTIVE MEMBERSHIP. PROFESSIONAL REGISTRATION IS AVAILABLE IN ONE OF THREE DIVISIONS: REGISTERED SCHOOL BUSINESS ADMINISTRATORS, REGISTERED SCHOOL BUSINESS OFFICIALS, AND REGISTERED SCHOOL BUSINESS SPECIALISTS. PROFESSIONAL DEVELOPMENT SEMINAR TOPICS RANGE IN NATURE AND INCLUDE BUDGETING, TECHNICAL ISSUES, SCHOOL SECURITY, AND CUSTODIAL ISSUES.
CERTIFICATION PROGRAM - IASBO HAS ESTABLISHED A VOLUNTARY CERTIFICATION PROGRAM FOR ALL IASBO ACTIVE MEMBERS. THE PROGRAM IS DESIGNED TO TRAIN CURRENT AND PROSPECTIVE SCHOOL BUSINESS OFFICIALS AND OFFER PRACTICAL INFORMATION TO ASSIST THE MEMBER IN SUCCEEDING AND EXCELLING IN THEIR PROFESSION. THE PROGRAM PROVIDES A SERIES OF THREE-HOUR REQUIRED AND ELECTIVE CLASSES FOR THREE CLASSIFICATIONS OF SCHOOL BUSINESS MANAGEMENT - CHIEF BUSINESS OFFICER, ASSISTANT CHIEF BUSINESS OFFICER, AND BUSINESS OFFICE SPECIALIST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis L Costerison Executive Di | 40 | $102,500 | |
April Fitterling Director | Trustee | $0 | |
Greg Hunt Director | Trustee | $0 | |
Dawn Cook Director | Trustee | $0 | |
Michelle Cronk Director | Trustee | $0 | |
Dr Chris Kuhn Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,096 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,439 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,535 |
| Total Program Service Revenue | $429,865 |
| Investment income | $2,767 |
| 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 | $675,162 |
| 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 | $222,500 |
| Pension plan accruals and contributions | $28,925 |
| Other employee benefits | $37,324 |
| Payroll taxes | $13,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,719 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,005 |
| Insurance | $0 |
| All other expenses | $66,872 |
| Total functional expenses | $661,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,264,018 |
| Savings and temporary cash investments | $627,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250,261 |
| 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 | $0 |
| Net Land, buildings, and equipment | $32,188 |
| Investments—publicly traded securities | $110,494 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,284,790 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $62,216 |
| 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 | $31,769 |
| Total liabilities | $93,985 |
| Net assets without donor restrictions | $2,190,805 |
| 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 | $2,284,790 |