nonprofit logo

The Auction Academy

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461333580 ✦ Franklin, TN ✦ Designated as a 501(c)(3)

Overview

What is The Auction Academy?

The Auction Academy is a nonprofit organization situated in Franklin, Tennessee. Its primary mission is to offer comprehensive training and development experiences for individuals involved in the automotive auction industry. The two-year curriculum is designed to enhance essential skill sets, promote best practices, and ultimately lead to improved results. The program begins by teaching participants about the building and layout process of an auto auction property, including obtaining permits, staffing, equipment, technology, licensing, and dealer consignment, fleet/lease, and factory sales and operations. Special emphasis is placed on new technologies, such as internet and social networking. Quarterly classroom training is complemented by field trips to various auctions across the country for firsthand learning. The Auction Academy aims to provide a formal educational environment for young leadership entering the auto auction industry, whether as owners or employees.


Official website here: www.auctionacademy.net

Is The Auction Academy legitimate?

The Auction Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Auction Academy 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.auctionacademy.net

What is the mission statement of The Auction Academy?

The Auction Academy is established with the primary purpose of providing a structured training and educational environment for emerging leaders in the automobile auction industry, whether in the role of owners or employees. The corporation's mission is to conduct educational programs on relevant subjects, tailored to the current business environment, for individuals interested in enhancing their knowledge in operating automobile auctions across the country. The Auction Academy offers a comprehensive training and development experience designed to augment essential skill sets, promote best practices, and yield better results. The two-year curriculum begins with the construction and layout process of an automobile auction property, covering aspects like permitting, staffing, equipment, technology, licensing, and specialized training in dealer consignment, fleet/lease, and factory sales and operations, with a focus on new technologies such as the internet and social networking. Quarterly classroom training is supplemented with quarterly field trips to auctions around the country, offering firsthand learning opportunities. The Academy collaborated with three different classes throughout the year to provide a well-rounded educational experience.


Official website here: www.auctionacademy.net

Who is the CEO of The Auction Academy?

Pierre Pons is the President of The Auction Academy. The CEO's salary of The Auction Academy is $0 and their total compensation is $0.


Official website here: www.auctionacademy.net

What is the revenue of The Auction Academy?

The Auction Academy's revenue in 2022 was $600,000.


Official website here: www.auctionacademy.net

Who are the executives of The Auction Academy and what are their salaries?

Here are 3 key members and their salaries (The Auction Academy's CEO's salary is $0 and their total compensation is $0):

    Penny Wanna (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pauline Pons (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pierre Pons (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.auctionacademy.net

    Where can I find the form 990 for The Auction Academy?

    The The Auction Academy’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.auctionacademy.net

    Learn more at the official website: www.auctionacademy.net

    Mission Statement of The Auction Academy

    The Auction Academy, a corporation dedicated to education, is established with a primary objective of training individuals interested in the automobile auction industry. Its mission is to provide a formal training environment, catering to young leaders entering the field as either owners or employees. The organization conducts educational programs on relevant topics, tailored to the current business environment, with the aim of enhancing essential skill sets and fostering best practices within the competitive marketplace.

    The Academy's two-year curriculum is meticulously designed to equip auctions and their staff with the necessary knowledge and understanding to achieve and surpass business goals. Commencing with the building and layout process of an automobile auction property, the curriculum covers permits, staffing, equipment, technology, licensing, and specialized training in various aspects of the auction business, including dealer consignment, fleet/lease, and factory sales, with a particular emphasis on new technologies, including internet and social networking.

    Quarterly classroom training is augmented with field trips to auctions across the country, providing firsthand learning opportunities. In the year 20XX, The Auction Academy worked with three different classes, offering them a comprehensive, hands-on education in the world of automobile auctions.

    Impact

    This information is meant to be a general summary of The Auction Academy. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The Auction Academy's impact is significant in the auto auction industry by providing a more formalized training and education environment for young leadership entering the field. This specialized curriculum is designed to enhance essential skill sets, promote best practices, and yield better results in today's competitive marketplace. By offering in-depth training on various aspects of running an auto auction, from building and layout processes to sales and operations with a focus on new technologies, The Auction Academy is equipping professionals with the knowledge and expertise needed to succeed in the industry. Through classroom sessions and field trips to auctions across the country, the Academy is shaping a new generation of skilled and knowledgeable individuals who are better prepared to meet and exceed business goals in the auto auction sector.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $600,000
  • Gross Receipts: $600,000

    • Assets and Liabilities:
  • Total Assets: $288,328
  • Total Liabilities: $119,100
  • Net Assets: $169,228
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION

    Revenue

    $322,000

    SPONSORSHIP

    Revenue

    $278,000

    Organization Details

    Founding Year

    2012

    Principal Officer

    Pierre Pons

    Main Address

    341 COOL SPRINGS BLVD STE 430, FRANKLIN, TN, 37067

    NTEE Category

    Code: B30 - Education

    If you are a representative of The Auction Academy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.