Federation of Exchange Accommodators

Nonprofit profile at a glance

EIN
330368053
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Ankeny, IA, USA
Phone
5152446515
Rating confidence
Limited

Official website

Reported finances

Revenue
$1,422,013
Expenses
$1,075,553
Assets
$4,519,259
Liabilities
$526,618

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • ALBINO CAPORALE (PAST PRESIDENT)
  • CRAIG BROWN (PRESIDENT)
  • STEVE HOLTKAMP (VICE PRESIDENT)
  • KIMBERLY STEENHOEK (EXECUTIVE DIRECTOR)

People named in this filing

  • ALBINO CAPORALE (PAST PRESIDENT)
  • CRAIG BROWN (PRESIDENT)
  • STEVE HOLTKAMP (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Fea is the voice for the 1031 exchange industry and works diligently to provide tools, resources and legislative updates to member companies, educate consumers on effectively using 1031 exchanges to defer gains associated with the disposition of business use/investment property, drive legislation to ensure appropriate consumer and industry protection, and work closely with professions affiliated with the 1031 industry including realtors, lawyers, cpas, replacement property brokers, escrow agents, and financial institutions.

What it reported doing in 2025

Conferences, conventions, meetings and webinars give members the opportunity to learn about developments in the industry and provide an environment that allows for the free exchange of ideas. Advocates to preserve section 1031 as part of the federal tax code and educates members on regulatory issues related to section 1031.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 94
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 24.4%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 4.2; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 7.7% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 15.7% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 15 of 15 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 19 people listed
  • Highest-paid contractors: 2 contractors listed · $685K reported
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.