Form 990, Page 6, Part VI, Line 2
“Pierre pons pauline pons president vice-preside spouses”
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Up$281,179
Up $240,859 (+597%) from 2019
Net Assets
Up$161,179
Up $120,859 (+300%) from 2019
Liabilities
Up$120,000
Up $120,000 from 2019
Revenue And Expenses
Revenue
Down$192,000
Down $160,100 (-45%) from 2019
Expenses
Down$71,141
Down $209,076 (-75%) from 2019
Net Income
Up$120,859
Up $48,976 (+68%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2019 to Sep 30, 2020
- Signed
- Oct 27, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $192,000
Mission and Program Overview
Mission
The corporation is organized for the primary purpose of training owners, directors, officers, employees and other individuals interested in furthering the educational process of the business of operating automobile auctions throughout the country by conduxting educational programs on subjects appropriate to the current business environment.
To provide a more formal training and education environment for young leadership coming into the auto auction industry whether as owners or employees.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | - | $180,000 | - |
| Rtn Earn Endowment Incm Other Fnds | $40,320 | $161,179 | ▲ $120,859 |
| Cash and Non-Interest-Bearing Accounts | $10,320 | $91,179 | ▲ $80,859 |
| Accounts Receivable | $30,000 | $10,000 | ▼ $20,000 |
| Total Assets | $40,320 | $281,179 | ▲ $240,859 |
| Liabilities | |||
| Other Liabilities | - | $120,000 | - |
| Total Liabilities | $0 | $120,000 | ▲ $120,000 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $40,320 | $161,179 | ▲ $120,859 |
| Total Liabilities and Net Assets / Fund Balance | $40,320 | $281,179 | ▲ $240,859 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Penny Wanna | President |
| Pierre Pons | CEO |
| Pauline Pons | Vice-preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $192,000
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $120,859
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $71,141 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Travel | $28,914 | - | - | $28,914 |
| Fees for Services Management | - | $20,000 | - | $20,000 |
| Fees for Services Other | $5,500 | - | - | $5,500 |
| Advertising | $4,981 | - | - | $4,981 |
| Fees for Services Accounting | $1,500 | - | - | $1,500 |
| Fees for Services Legal | $420 | - | - | $420 |
| Other Expenses | $15 | - | - | $15 |
| Total Functional Expenses | $51,141 | $20,000 | $0 | $71,141 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Tpc Management Company | Owners | Management | No | $100,000 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Sba Loan | $120,000 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- No
- Business relationship with 35% controlled entity
- Yes
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- Yes
Governance Explanations
Form 990, Page 6, Part VI, Line 3
“Management of the organization is handled by tpc management company.”
Form 990, Page 6, Part VI, Line 11B
“A copy of form 990 is provided to each board member for review prior to filing.”
Form 990, Page 6, Part VI, Line 12C
“The board of directors periodically reviews the policy to ensure compliance.”
Form 990, Page 6, Part VI, Line 19
“Governing documents are made available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- The Auction Academy
- EIN
- 46-1333580
- Phone
- 6155914544
- Address
- 341 COOL SPRINGS BLVD SUITE 430, FRANKLIN, TN 37067
Signing Officer
- Name
- Pierre Pons
- Title
- CEO
- Phone
- 6155914544
- Signed
- 2020-10-27
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Pierre Pons
- Formed
- 2012
- Legal Domicile
- Tn
- Voting Board Members
- 3
- Independent Board Members
- 2
- Employees
- 0
Preparer
- Firm
- Blankenship CPA Group Pllc
- Address
- 215 WARD CIRCLE, BRENTWOOD, TN 37027-2304
- Preparer
- Jan Kolb CPA
- Phone
- 6153733771
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“The corporation is organized for the primary purpose of training owners, directors, officers, employees and other individuals interested in furthering the educational process of the business of operating automobile auctions throughout the country by conduxting educational programs on subjects appropriate to the current business environment.”
Form 990, Page 2, Part III, Line 4A
“Auction academy provides training and development experience for the automotive auction professioanl that is designed to enhance essential skill sets, promote best practices, and yield better results. More than casual knowledge is required to succeed in today's competitive marketplace. The auction academy two-year curriculum is designed to help auctions and staff to learn, understand, meet and exceed business goals. The curriculum begins with a raw parcel of land, and starts with the building and layout process of an auto auction property - permitting, staffing, equipment, technology, licensing, and then very specific training in dealer consignment, fleet/lease, factory - both sales and operations with special emphesis on new technologies internet and social networking. Quarterly classroom training is augmented with quarterly field trips to auctions around the country for firsthand learning. The academy worked with 3 different classes during the year.”
Raw XML Appendix295 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 30000 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 10000 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE A MORE FORMAL TRAINING AND EDUCATION ENVIRONMENT FOR YOUNG LEADERSHIP COMING INTO THE AUTO AUCTION INDUSTRY WHETHER AS OWNERS OR EMPLOYEES. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 4981 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 4981 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | PENNY WANNA |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6155914544 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 682111 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FRANKLIN |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 37068 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | true |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 10320 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 91179 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 71141 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 192000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 120859 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 71141 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 192000 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/Desc | 0 | AUCTION ACADEMY PROVIDES TRAINING AND DEVELOPMENT EXPERIENCE FOR THE AUTOMOTIVE AUCTION PROFESSIOANL THAT IS DESIGNED TO ENHANCE ESSENTIAL SKILL SETS, PROMOTE BEST PRACTICES, AND YIELD BETTER RESULTS. MORE THAN CASUAL KNOWLEDGE IS REQUIRED TO SUCCEED IN TODAY'S COMPETITIVE MARKETPLACE. THE AUCTION ACADEMY TWO-YEAR CURRICULUM IS DESIGNED TO HELP AUCTIONS AND STAFF TO LEARN, UNDERSTAND, MEET AND EXCEED BUSINESS GOALS. THE CURRICULUM BEGINS WITH A RAW PARCEL OF LAND, AND STARTS WITH THE BUILDING AND LAYOUT PROCESS OF AN AUTO AUCTION PROPERTY - PERMITTING, STAFFING, EQUIPMENT, TECHNOLOGY, LICENSING, AND THEN VERY SPECIFIC TRAINING IN DEALER CONSIGNMENT, FLEET/LEASE, FACTORY - BOTH SALES AND OPERATIONS WITH SPECIAL EMPHESIS ON NEW TECHNOLOGIES INTERNET AND SOCIAL NETWORKING. QUARTERLY CLASSROOM TRAINING IS AUGMENTED WITH QUARTERLY FIELD TRIPS TO AUCTIONS AROUND THE COUNTRY FOR FIRSTHAND LEARNING. THE ACADEMY WORKED WITH 3 DIFFERENT CLASSES DURING THE YEAR. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 51141 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 1500 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1500 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 420 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 420 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 20000 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 20000 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 5500 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5500 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | PENNY WANNA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAULINE PONS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PIERRE PONS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE-PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | CEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2012 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 192000 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | TN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE OF TRAINING OWNERS, DIRECTORS, OFFICERS, EMPLOYEES AND OTHER INDIVIDUALS INTERESTED IN FURTHERING THE EDUCATIONAL PROCESS OF THE BUSINESS OF OPERATING AUTOMOBILE AUCTIONS THROUGHOUT THE COUNTRY BY CONDUXTING EDUCATIONAL PROGRAMS ON SUBJECTS APPROPRIATE TO THE CURRENT BUSINESS ENVIRONMENT. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 40320 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 161179 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | CONTRACT LABOR |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 2 | INSURANCE |
| IRS990/OtherExpensesGrp/Desc | 3 | BANK SERVICE CHARGES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 7450 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 1250 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 1111 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 15 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 7450 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 1250 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 1111 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 15 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 120000 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 180000 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | PIERRE PONS |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611430 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611430 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SPONSORSHIP |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 111500 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 80500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 111500 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 80500 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 280217 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 352100 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 71883 |
| IRS990/PYTotalExpensesAmt | 0 | 280217 |
| IRS990/PYTotalRevenueAmt | 0 | 352100 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 120859 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 40320 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 161179 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 120000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | SBA LOAN |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 120000 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | RACIALLY NONDISCRIMINATORY POLICY IS DISPLAYED PROMINENTLY ON WEBSITE. THE POLICY IS ALSO PUBLICIZED IN TRADE PERIODICALS USED BY THE COMMUNITY THE ORGANIZATION SERVES. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | TPC MANAGEMENT COMPANY |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | OWNERS |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 100000 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | MANAGEMENT |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE OF TRAINING OWNERS, DIRECTORS, OFFICERS, EMPLOYEES AND OTHER INDIVIDUALS INTERESTED IN FURTHERING THE EDUCATIONAL PROCESS OF THE BUSINESS OF OPERATING AUTOMOBILE AUCTIONS THROUGHOUT THE COUNTRY BY CONDUXTING EDUCATIONAL PROGRAMS ON SUBJECTS APPROPRIATE TO THE CURRENT BUSINESS ENVIRONMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | AUCTION ACADEMY PROVIDES TRAINING AND DEVELOPMENT EXPERIENCE FOR THE AUTOMOTIVE AUCTION PROFESSIOANL THAT IS DESIGNED TO ENHANCE ESSENTIAL SKILL SETS, PROMOTE BEST PRACTICES, AND YIELD BETTER RESULTS. MORE THAN CASUAL KNOWLEDGE IS REQUIRED TO SUCCEED IN TODAY'S COMPETITIVE MARKETPLACE. THE AUCTION ACADEMY TWO-YEAR CURRICULUM IS DESIGNED TO HELP AUCTIONS AND STAFF TO LEARN, UNDERSTAND, MEET AND EXCEED BUSINESS GOALS. THE CURRICULUM BEGINS WITH A RAW PARCEL OF LAND, AND STARTS WITH THE BUILDING AND LAYOUT PROCESS OF AN AUTO AUCTION PROPERTY - PERMITTING, STAFFING, EQUIPMENT, TECHNOLOGY, LICENSING, AND THEN VERY SPECIFIC TRAINING IN DEALER CONSIGNMENT, FLEET/LEASE, FACTORY - BOTH SALES AND OPERATIONS WITH SPECIAL EMPHESIS ON NEW TECHNOLOGIES INTERNET AND SOCIAL NETWORKING. QUARTERLY CLASSROOM TRAINING IS AUGMENTED WITH QUARTERLY FIELD TRIPS TO AUCTIONS AROUND THE COUNTRY FOR FIRSTHAND LEARNING. THE ACADEMY WORKED WITH 3 DIFFERENT CLASSES DURING THE YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PIERRE PONS PAULINE PONS PRESIDENT VICE-PRESIDE SPOUSES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MANAGEMENT OF THE ORGANIZATION IS HANDLED BY TPC MANAGEMENT COMPANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BOARD OF DIRECTORS PERIODICALLY REVIEWS THE POLICY TO ENSURE COMPLIANCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 40320 |
| IRS990/TotalAssetsEOYAmt | 0 | 281179 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 40320 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 281179 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 20000 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 51141 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 71141 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 120000 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 120000 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 40320 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 161179 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 51141 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 192000 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 192000 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 192000 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 40320 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 281179 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 28914 |
| IRS990/TravelGrp/TotalAmt | 0 | 28914 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 341 COOL SPRINGS BLVD SUITE 430 |
| IRS990/USAddress/CityNm | 0 | FRANKLIN |
| IRS990/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/USAddress/ZIPCd | 0 | 37067 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 3 |
| IRS990/VotingMembersIndependentCnt | 0 | 2 |
| IRS990/WebsiteAddressTxt | 0 | AUCTIONACADEMY.NET |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PIERRE PONS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6155914544 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-10-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE AUCTION ACADEMY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | AUCT |
| ReturnHeader/Filer/EIN | 0 | 461333580 |
| ReturnHeader/Filer/PhoneNum | 0 | 6155914544 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 341 COOL SPRINGS BLVD SUITE 430 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FRANKLIN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 37067 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 450491842 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BLANKENSHIP CPA GROUP PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 215 WARD CIRCLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BRENTWOOD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 370272304 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6153733771 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-03-14 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAN KOLB CPA |
| ReturnHeader/ReturnTs | 0 | 2021-03-14T08:33:09-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-09-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $281,179
- Liabilities
- $120,000
- Net assets
- $161,179
- Revenue
- $192,000
- Expenses
- $71,141
- Net income
- $120,859