Overview
What is Federation Of Exchange Accommodators?
The Federation of Exchange Accommodators, based in Ankeny, Iowa, serves as a platform for professionals involved in like-kind exchanges under Internal Revenue Code Section 1031. Their primary mission is to represent this industry, offering resources and updates to their member companies. They provide valuable tools and education to help consumers effectively utilize 1031 exchanges to defer gains associated with the disposal of business use or investment properties. The organization also actively works on legislation to ensure consumer and industry protection, collaborating closely with professionals such as realtors, lawyers, CPAs, replacement property brokers, escrow agents, and financial institutions. Regular conferences, conventions, meetings, and webinars allow for the sharing of industry developments and the exchange of ideas.
Official website here: www.1031.org
Is Federation Of Exchange Accommodators legitimate?
Federation Of Exchange Accommodators is a legitimate nonprofit organization registered as a 501(c)(6) entity. Federation Of Exchange Accommodators submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.1031.org
What is the mission statement of Federation Of Exchange Accommodators?
The Federation of Exchange Accommodators (FEA) serves as an advocate for professionals engaged in like-kind exchanges under Internal Revenue Code Section 1031. Their primary mission is to offer resources and legislative updates to its member companies. The organization strives to educate consumers on utilizing 1031 exchanges to defer gains related to the disposal of business use or investment properties. FEA is also dedicated to driving legislation that ensures appropriate consumer and industry protection. The federation collaborates closely with professions associated with the 1031 industry, such as realtors, lawyers, CPAs, replacement property brokers, escrow agents, and financial institutions.
Official website here: www.1031.org
Who is the CEO of Federation Of Exchange Accommodators?
James Miller is the Director of Federation Of Exchange Accommodators.
Official website here: www.1031.org
What is the revenue of Federation Of Exchange Accommodators?
Federation Of Exchange Accommodators's revenue in 2022 was $1,272,956.
Official website here: www.1031.org
Who are the executives of Federation Of Exchange Accommodators and what are their salaries?
There 200 volunteers at Federation Of Exchange Accommodators.
Here are 16 key members and their salaries:
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Official website here: www.1031.org
Where can I find the form 990 for Federation Of Exchange Accommodators?
Federation Of Exchange Accommodators's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.1031.org
Learn more at the official website: www.1031.org
Mission Statement of Federation Of Exchange Accommodators
The Federation of Exchange Accommodators, often abbreviated as FEA, serves as a representative body for professionals involved in like-kind exchanges under Internal Revenue Code Section 1031. This nonprofit organization's primary mission is to act as a resource and voice for the 1031 exchange industry. To fulfill this role, FEA diligently provides its member companies with essential tools, resources, and legislative updates. This includes keeping them informed about any changes or developments in the field of 1031 exchanges.
In addition to supporting its member companies, FEA also aims to educate consumers on the effective use of 1031 exchanges. This involves helping individuals understand how they can defer gains associated with the disposal of business use or investment property. By doing so, FEA empowers consumers to make informed decisions about their financial strategies.
Furthermore, FEA is committed to driving legislation that ensures appropriate consumer and industry protection. This means advocating for policies that safeguard the interests of both consumers and businesses involved in 1031 exchanges. The organization also works closely with professions affiliated with the 1031 industry, such as realtors, lawyers, CPAs, replacement property brokers, escrow agents, and financial institutions. By collaborating with these professionals, FEA seeks to strengthen the 1031 exchange industry and promote best practices within it.
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Impact
October, 2024
The Federation of Exchange Accommodators (FEA) plays a pivotal role in the 1031 exchange industry, acting as a crucial voice for professionals engaged in like-kind exchanges under Internal Revenue Code Section 1031. By organizing conferences, conventions, meetings, and webinars, FEA fosters an environment conducive to professional development and the exchange of innovative ideas.
Through its activities, the FEA equips its members with essential tools, resources, and legislative updates, helping them navigate the complexities of 1031 exchanges effectively. Additionally, it educates consumers on how to utilize these exchanges to defer gains associated with the sale of business-use or investment properties. This educational outreach empowers property owners and investors to make informed decisions, enhancing their financial strategies.
Moreover, FEA actively engages in legislative advocacy to propel policies that protect both consumers and industry professionals. By collaborating with affiliated professions, including realtors, lawyers, CPAs, and financial institutions, FEA ensures a comprehensive understanding and effective implementation of 1031 exchange processes. Through these efforts, the Federation significantly enhances the integrity and growth of the 1031 exchange industry, ultimately driving community improvement and economic advancement.
This information is meant to be a general summary of Federation Of Exchange Accommodators. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $15,773
- Program Service Revenue: $1,209,683
- Gross Receipts: $1,272,956
Assets and Liabilities:
- Total Assets: $2,942,833
- Total Liabilities: $242,082
- Net Assets: $2,700,751
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$854,344
CONFERENCES & MEETINGS
Revenue
$298,240
CERTIFIED EXCHANGE SPECIALIST
Revenue
$51,262
EDUCATIONAL WEBINARS
Revenue
$5,837
Organization Details
Founding Year
1989
Phone
(515) 244-6515Principal Officer
James Miller
Main Address
1255 SW PRAIRIE TRAIL PARKWAY, ANKENY, IA, 500237068
Website
www.1031.orgNTEE Category
Code: S41 - Community improvement
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