Civic Intelligence

The Auction Academy

990 • Fiscal year 2018 • EIN 46-1333580

Oct 01, 2017 to Sep 30, 2018 • Filed on Jan 30, 2019

Organization ProfileAUCTIONACADEMY.NET
PO Box 682111Franklin, TN 37068

(615) 591-4544

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.72x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.20x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

10th percentile

-41%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

6th percentile

-65%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

28th percentile

-16%

Faster revenue growth than 28% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$43,767

Down $79,739 (-65%) from 2017

Net Assets

Down

-$31,563

Down $155,069 (-126%) from 2017

Liabilities

Up

$75,330

Up $75,330 from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin10th percentile

Revenue

Down

$379,000

Down $71,000 (-16%) from 2017

Expenses

Up

$534,069

Up $155,736 (+41%) from 2017

Net Income

Down

-$155,069

Down $226,736 (-316%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0-$200K-$400KAssets 2013: $86,460Liabilities 2013: $0Net Assets 2013: $86,4602013Assets 2014: $59,704Liabilities 2014: $0Net Assets 2014: $59,7042014Assets 2015: $202,083Liabilities 2015: $0Net Assets 2015: $202,0832015Assets 2016: $51,839Liabilities 2016: $0Net Assets 2016: $51,8392016Assets 2017: $123,506Liabilities 2017: $0Net Assets 2017: $123,5062017Assets 2018: $43,767Liabilities 2018: $75,330Net Assets 2018: -$31,5632018Assets 2019: $40,320Liabilities 2019: $0Net Assets 2019: $40,3202019Assets 2020: $298,017Liabilities 2020: $120,000Net Assets 2020: $178,0172020Assets 2021: $68,182Liabilities 2021: $120,000Net Assets 2021: -$51,8182021Assets 2022: $288,328Liabilities 2022: $119,100Net Assets 2022: $169,2282022Assets 2023: $126,940Liabilities 2023: $403,573Net Assets 2023: -$276,6332023Assets 2024: $113,774Liabilities 2024: $119,100Net Assets 2024: -$5,3262024Assets 2025: $190,541Liabilities 2025: $118,503Net Assets 2025: $72,0382025

Highlighted filing

2018

Assets$43,767
Liabilities$75,330
Net Assets-$31,563
Open 2018 Filing

Operations Trend

Revenue Growth28th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $535,374Expenses 2013: $448,914Net Income 2013: $86,4602013Revenue 2014: $340,000Expenses 2014: $366,756Net Income 2014: -$26,7562014Revenue 2015: $513,465Expenses 2015: $371,086Net Income 2015: $142,3792015Revenue 2016: $430,334Expenses 2016: $580,578Net Income 2016: -$150,2442016Revenue 2017: $450,000Expenses 2017: $378,333Net Income 2017: $71,6672017Revenue 2018: $379,000Expenses 2018: $534,069Net Income 2018: -$155,0692018Revenue 2019: $352,100Expenses 2019: $280,217Net Income 2019: $71,8832019Revenue 2020: $25,000Expenses 2020: $8,162Net Income 2020: $16,8382020Revenue 2021: $249,000Expenses 2021: $478,835Net Income 2021: -$229,8352021Revenue 2022: $600,000Expenses 2022: $378,954Net Income 2022: $221,0462022Revenue 2023: $499,206Expenses 2023: $805,505Net Income 2023: -$306,2992023Revenue 2024: $748,502Expenses 2024: $477,192Net Income 2024: $271,3102024Revenue 2025: $733,761Expenses 2025: $656,397Net Income 2025: $77,3642025

Highlighted filing

2018

Revenue$379,000
Expenses$534,069
Net Income-$155,069
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$379,000
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
LineBeginningEndChange
Assets
Loans From Officers Directors-$75,330-
Accounts Receivable$29,000$35,250▲ $6,250
Cash and Non-Interest-Bearing Accounts$94,506$8,517▼ $85,989
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$123,506$-31,563▼ $155,069
Total Assets$123,506$43,767▼ $79,739
Liabilities
Total Liabilities$0$75,330▲ $75,330
Net Assets / Fund Balance
Total Net Assets Fund Balance$123,506$-31,563▼ $155,069
Total Liabilities and Net Assets / Fund Balance$123,506$43,767▼ $79,739
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Pierre PonsPresident
Pauline PonsVice President, Treasurer
Penny WannaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$379,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-155,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$531,069
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$260,000-$260,000
Travel$117,707--$117,707
Information Technology$14,905--$14,905
Advertising$6,624--$6,624
Office Expenses$4,651--$4,651
Grants to Domestic Orgs$3,000--$3,000
Fees for Services Accounting$2,956--$2,956
Other Expenses$1,250--$1,250
Insurance$955--$955
All Other Expenses$500--$500
Total Functional Expenses$274,069$260,000$0$534,069
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 PartyRelationshipDescriptionShared RevenueAmount
-Two Members of the Board Are Also Owners of Tpc Management Company.Management FeesNo$260,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$75,330-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Section A, Line 2

“Two of the board members are husband and wife and two of the board members are siblings.”

Form 990, Part VI, Section A, Line 3

“Management of the organization is handled by tpc management company.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to each board member for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Periodic review by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Form 990 is made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Auction Academy
EIN
46-1333580
Phone
6155914544
Address
PO BOX 682111, FRANKLIN, TN 37068

Signing Officer

Name
Pierre Pons
Title
President
Phone
6155917579
Signed
2019-01-30
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
Volunteers
0

Preparer

Firm
Mauldin & Jenkins
Address
537 MARKET STREET SUITE 300, CHATTANOOGA, TN 37402-1239
Preparer
Jim Vaughn
Phone
4237566133
Raw XML Appendix383 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.

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IRS990/Desc0AUCTION ACADEMY PROVIDES TRAINING AND DEVELOPMENT EXPERIENCE FOR THE AUTOMOTIVE AUCTION PROFESSIONAL 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 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS ARE HUSBAND AND WIFE AND TWO OF THE BOARD MEMBERS ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT OF THE ORGANIZATION IS HANDLED BY TPC MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERIODIC REVIEW BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd037068
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0260000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt196230
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt275330
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt043767
IRS990/TotalAssetsGrp/BOYAmt0123506
IRS990/TotalAssetsGrp/EOYAmt043767
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0260000
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0274069
IRS990/TotalFunctionalExpensesGrp/TotalAmt0534069
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt075330
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt075330
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123506
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-31563
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0274069
IRS990/TotalProgramServiceRevenueAmt0379000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0379000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0379000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0117707
IRS990/TravelGrp/TotalAmt0117707
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 682111
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037068
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTP://AUCTIONACADEMY.NET
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/PhoneNum06155917579
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-30
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O TPC MANAGEMENT COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0AUCT
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ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 682111
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.192.51.169
ReturnHeader/FilingSecurityInformation/IPDt02019-01-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:55:05
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580692043
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0537 MARKET STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0374021239
ReturnHeader/PreparerPersonGrp/PhoneNum04237566133
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JIM VAUGHN
ReturnHeader/ReturnTs02019-02-13T15:24:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,767
Liabilities
$75,330
Net assets
-$31,563
Revenue
$379,000
Expenses
$534,069
Net income
-$155,069
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.91$1.19$0.72$7.34$6.56$0.77
2024Detailed filing. Detailed filing data is available for this year.$1.14$1.19$0.05$7.49$4.77$2.71
2023Detailed filing. Detailed filing data is available for this year.$1.27$4.04$2.77$4.99$8.06$3.06
2022Detailed filing. Detailed filing data is available for this year.$2.88$1.19$1.69$6.00$3.79$2.21
2021Detailed filing. Detailed filing data is available for this year.$0.68$1.20$0.52$2.49$4.79$2.30
2020Detailed filing. Detailed filing data is available for this year.$2.98$1.20$1.78$0.25$0.08$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$3.52$2.80$0.72
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.75$0.32$3.79$5.34$1.55
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$4.50$3.78$0.72
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$4.30$5.81$1.50
2015Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$5.13$3.71$1.42
2014Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$3.40$3.67$0.27
2013Summary only. Only limited summary data is available for this year.$0.86$0.00$0.86$5.35$4.49$0.86