International Association of Commercial Administrators

The International Association of Commercial Administrators (IACA) is a U.S.-based nonprofit organization designated as a 501(c)(6) business league. It serves as a professional association for government administrators responsible for business organization and secured transaction registries at various governmental levels, including state, provincial, territorial, and international levels[1][3].

Overview

IACA aims to foster education, exchange of ideas, and collaboration among its members. The association focuses on enhancing efficiency in government services and providing superior customer service at minimal cost[1]. Membership in IACA extends across six continents, facilitating global networking and knowledge sharing among registry professionals[3].

Governance and Activities

IACA is governed by a Board of Directors, which includes key positions such as President, Vice Presidents, Secretary, and Treasurer. The board also comprises First Alternate, Second Alternate, and Immediate Past President roles, ensuring continuity and diverse perspectives[1].

IACA organizes annual conferences, providing a platform for collaborative learning and discussion of specialized topics relevant to business registries and secured transactions. Additional activities include workshops, list serves, and office hours to promote communication among members[1]. The association has four main sections:

• Business Organization Section (BOS): Focuses on best practices for business registries.
• Secured Transaction Section (STS): Deals with standardized procedures for secured transactions.
• Information Technology Section (ITS): Supports technology solutions and security for registries.
• International Relations Section (IRS): Facilitates international collaboration and development of registry systems[3].

Financial Overview

IACA derives its income primarily from program services and contributions. As of recent fiscal years, program services constituted around 92% of total revenue, while contributions accounted for approximately 7.9%[2]. The organization maintains substantial assets and minimal liabilities, reflecting its financial stability[2].

Mission and Impact

IACA plays a crucial role in setting best practices for registry management and fostering global collaboration. By providing a network for professionals to share experiences and solutions, it helps jurisdictions develop efficient business and secured transaction registries. This collaboration is facilitated through various forums and surveys, such as the International Business Registers Survey[3].