Indian Gaming Association Notes to Financial Statements
Note 8: Net Assets with Donor Restriction
Donor imposed restricted net assets of IGA at December 31, 2025 and 2024 were available for the following purposes:
2025
2024
Building loan Book project
$ 100,000 $ 100,000
26,000 124,116
26,000
Tribal Leaders Lounge
-
Net assets with donor restrictions
$ 250,116 $ 126,000
Net assets released from restrictions of $75,884 and $5,500 during the years ended December 31, 2025 and 2024, respectively, represent amounts that satisfied specific purpose restrictions. Note 9: Revenue Concentration IGA is a non profit organization supported by trade show booth sales, workshop and seminar fees, membership fees, associated membership fees and contributions from various organizations and tribes. 69% of IGA's revenue is derived from its annual conferences and trade show booth sales. Note 10: Employee Retirement Plan IGA has established a 401(k) Profit Sharing Plan and Trust (the "Plan"). The plan covers substantially all full-time employees and regular part-time employees who work more than 1,000 hours per year. Under the plan, employees may contribute a portion of their compensation to the plan and, IGA, to the extent funds are available, will contribute a matching amount to the plan equal to 50% of an employee's contribution up to $10,000. IGA contributed $46,395 and $46,841 to the plan during the years ended December 31, 2025 and 2024, respectively. Employees are 100% vested in their contributions and are 100% vested in IGA's contributions over a two-year period. IGA has a qualified profit sharing plan that covers substantially all full-time employees meeting certain eligibility. The annual contributions is discretionary as determined by the Board, however, the contributions cannot exceed 7.5% of compensation for the eligible employees in any one year. No profit sharing has been declared for the year ended December 31, 2025. Note 11: Commitment IGA entered into a contract with Clarion Events, Inc. for 8 years effective 2022. Clarion Events, Inc., has been engaged to manage all aspect of the trade shows of IGA. In addition to the management fee, Clarion Events, Inc. is paid a percentage of the revenues from the events it manages.
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