Vermont Automobile Dealers Association
- Assets
- $900.3k
- Revenue
- $533.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Montpelier, VT
- Founding
- 09/1967
- Data as of
- 12/2023
- EIN
- 03-0213537
Organization Overview
Vermont Automobile Dealers Association is located in Montpelier, VT. The organization was established in 1967. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Vermont Automobile Dealers Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Automobile Dealers Association 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 12/2023, Vermont Automobile Dealers Association generated $533.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $383.0k during the year ending 12/2023. 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
VADA OFFERS ITS MEMBERS THE OPPORTUNITY FOR MUTUAL ADVANCEMENT AND THE PROTECTION OF THEIR RESPECTIVE BUSINESSES IN STATE AND FEDERAL LEGISLATIVE, REGULATORY ARENAS AND IN THE COMMUNITY AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP PROGRAM - SUPPORT MEMBERS THROUGH AN ONGOING COMMITMENT TO PROMOTE AND ENCOURAGE SOUND BUSINESS POLICIES AND PRACTICES THAT CONFORM TO STATE AND FEDERAL LAWS, RULES AND REGULATIONS AND HELP THEM OPERATE IN ACCORDANCE WITH THESE RULES AND REGULATIONS. SPONSORS AND OPERATES AUTOCAP, A CONSUMER COMPLAINT MEDIATION PROGRAM FOR MEMBER CUSTOMERS.
ENVIRONMENTAL COMPLIANCE PROGRAM - ASSIST MEMBERS WITH TRAINING AND INSTRUCTION TO COMPLY WITH ENVIRONMENTAL REGULATIONS. ON-SITE EMPLOYEE SAFETY TRAINING PROGRAM COVERING INDUSTRY-RELATED VOSHA AND DOL REQUIREMENTS.
EDUCATIONAL ACTIVITIES - PROGRAM TO INFORM AND EDUCATE CONSUMERS IN THE BUSINESS ACTIVITIES OF MEMBERS, AND TO FURTHER THE EDUCATION OF POTENTIAL EMPLOYEES.WORK WITH SECONDARY AND POST-SECONDARY TECH SCHOOL INSTRUCTORS ON CONTINUING EDUCATION, PROFESSIONAL DEVELOPMENT AND MAINTAINING INDUSTRY STANDARDS. PROVIDES FINANCIAL SUPPORT FOR AUTO TECH STUDENTS BASED ON ACADEMIC ACHIEVEMENT AND PARTICIPATION IN AUTO TECH COMPETITIONS REGIONALLY AND NATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cota Managing Dir. | OfficerTrustee | 40 | $60,000 |
Denise Alosa Director | Trustee | 1 | $0 |
Mitchell Jay Treasurer | OfficerTrustee | 1 | $0 |
Jack Castellaneta President | OfficerTrustee | 1 | $0 |
Brian Hoar Director | Trustee | 1 | $0 |
John Dubrul Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $496,408 |
| Investment income | $19,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $533,226 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,994 |
| Pension plan accruals and contributions | $3,032 |
| Other employee benefits | $0 |
| Payroll taxes | $6,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206 |
| Fees for services: Accounting | $20,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,192 |
| All other expenses | $45,602 |
| Total functional expenses | $382,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $861,410 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,569 |
| 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 | $21,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $900,250 |
| Accounts payable and accrued expenses | $1,449 |
| Grants payable | $0 |
| Deferred revenue | $159,833 |
| 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 | $161,282 |
| Net assets without donor restrictions | $738,968 |
| Net assets with donor restrictions | $0 |
| 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 | $900,250 |