Nonprofit · EIN 52-1917086
INDUSTRIAL AUCTIONEERS ASSOCIATION INC
Tax-exempt · MUNDELEIN, IL 60060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $457,487 | $461,756 | -$4,269 | $534,866 | $0 | $534,866 |
| December 31, 2023 | 990 | $427,929 | $499,587 | -$71,658 | $542,074 | $0 | $542,074 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $457,487
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $13,000
- Compensation of officers, directors and key employees
- $38,120
- Salaries, compensation and benefits (total)
- $38,120
- Professional fundraising fees
- $0
- Occupancy
- $435
Balance sheet and other
- Total assets, start of year
- $542,074
- Total assets, end of year
- $534,866
- Total liabilities, end of year
- $0
- Net assets, end of year
- $534,866
- Gross receipts
- $457,487
- Employees
- 0
- Volunteers
- 36
- Year formed
- 1995
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samantha Chiappe | Executive Director Trustee or director, Key employee, Highest-paid employee | 10 | $38,000 |
| Ghislaine Duikmelings | Director Trustee or director | 0.25 | $0 |
| Jasen Kisber | Director Trustee or director | 0.25 | $0 |
| David Fiegel | Director Trustee or director | 0.25 | $0 |
| Terrance Jacobs | Director Trustee or director | 0.25 | $0 |
| Elizabeth Matxed | Director Trustee or director | 0.25 | $0 |
| Adam Alexander | Secratary Institutional trustee | 2 | $0 |
| Duncanc Ainscough | President Institutional trustee | 2 | $0 |
| Aaron Morgenstern | Vice President Institutional trustee | 2 | $0 |
| Nicholas Dove | Treasurer Institutional trustee | 2 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Samantha Chiappe | Executive Director Trustee or director, Key employee, Highest-paid employee | 10 | $33,833 |
| Ghislaine Duikmelings | Director Trustee or director | 0.25 | $0 |
| Jasen Kisber | Director Trustee or director | 0.25 | $0 |
| David Fiegel | Director Trustee or director | 0.25 | $0 |
| Terrance Jacobs | Director Trustee or director | 0.25 | $0 |
| Elizabeth Matxed | Director Trustee or director | 0.25 | $0 |
| Adam Alexander | Secratary Institutional trustee | 0.5 | $0 |
| Duncanc Ainscough | President Institutional trustee | 2 | $0 |
| Aaron Morgenstern | Vice President Institutional trustee | 0.5 | $0 |
| Nicholas Dove | Treasurer Institutional trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1425 HUNTINGTON DR, MUNDELEIN, IL 60060-3207
- In care of
- % CENTURION SERVICE GROUP
- Principal officer (990 for 2024)
- Samantha Chiappi, 1425 Huntington Dr, Mundelein, IL 60060
- Signed the 990
- Nick Dove, Treasurer
- Phone
- (312) 863-0977
Mission
Meetings and conventions to provide a forum for promoting and discussing the benefits of the auction method as a primary choice of liquidations for industrial machinery and equipment and to raise the awareness of the profession.
Program accomplishments
- meetings, conventions, and promotions helped raise awareness of the industrial auctioneering profession and the use of the auction method to dispose of industrial assets
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1917086
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $534,866
- Income (IRS master file)
- $457,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $457,487 | $461,756 | $534,866 | IRS |
| 990 | December 2023 | $427,929 | $499,587 | $542,074 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1917086).
Questions about INDUSTRIAL AUCTIONEERS ASSOCIATION INC
- What is the EIN of INDUSTRIAL AUCTIONEERS ASSOCIATION INC?
- The employer identification number (EIN) of INDUSTRIAL AUCTIONEERS ASSOCIATION INC is 52-1917086.
- Is INDUSTRIAL AUCTIONEERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to INDUSTRIAL AUCTIONEERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDUSTRIAL AUCTIONEERS ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDUSTRIAL AUCTIONEERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRIAL AUCTIONEERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDUSTRIAL AUCTIONEERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names Samantha Chiappi.
- Who are the officers and directors of INDUSTRIAL AUCTIONEERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $38,000 (Samantha Chiappe, Executive Director).
- How much revenue does INDUSTRIAL AUCTIONEERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $457,487, expenses of $461,756 and total assets of $534,866 at year end.
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