Maine Automobile Dealers Association Inc
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Augusta, ME
- Founding
- 10/1947
- Data as of
- 08/2023
- EIN
- 01-0191203
Organization Overview
Maine Automobile Dealers Association Inc is located in Augusta, ME. The organization was established in 1947. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Maine Automobile Dealers Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Automobile Dealers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Maine Automobile Dealers Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $1.1m during the year ending 08/2023. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS AND SERVICES THAT ARE BENEFICIAL TO THE COLLECTIVE MEMBERSHIP SUCH AS TRADE CONVENTIONS, EDUCATIONAL MEETINGS, AND SEMINARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES PROGRAMS AND SERVICES THAT ARE BENEFICIAL TO THE COLLECTIVE MEMBERSHIP SUCH AS TRADE CONVENTIONS, EDUCATIONAL MEETINGS, AND SEMINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas T Brown Jr President | Officer | 40 | $199,696 |
Christopher L Gaunce Chair | OfficerTrustee | 2 | $0 |
Samuel J Hight Vice Chair | OfficerTrustee | 2 | $0 |
Stacy E Chandler Director | Trustee | 2 | $0 |
Jay Darling Director | Trustee | 2 | $0 |
John L Emerson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $438,349 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,349 |
| Total Program Service Revenue | $152,310 |
| Investment income | $35,889 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,609 |
| Net Gain/Loss on Asset Sales | $33,862 |
| Net Income from Fundraising Events | $10,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,140,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $209,381 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,191 |
| Pension plan accruals and contributions | $12,532 |
| Other employee benefits | $31,684 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160,436 |
| Fees for services: Accounting | $34,480 |
| Fees for services: Lobbying | $128,670 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,296 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,220 |
| Travel | $35,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,685 |
| Insurance | $18,390 |
| All other expenses | $43 |
| Total functional expenses | $1,094,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $525,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,818 |
| Net Land, buildings, and equipment | $37,649 |
| Investments—publicly traded securities | $1,885,512 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,508,982 |
| Accounts payable and accrued expenses | $9,220 |
| Grants payable | $0 |
| Deferred revenue | $15,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,820 |
| Net assets without donor restrictions | $2,295,346 |
| Net assets with donor restrictions | $188,816 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,508,982 |