Rhode Island Automobile Dealers Association is located in Warwick, RI. The organization was established in 1988. 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 03/2022, Rhode Island Automobile Dealers Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island 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 03/2022, Rhode Island Automobile Dealers Association generated $337.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $427.5k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ETHICAL BEHAVIOR AMONG AUTO DEALERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL OUTING - THIS ACTIVITY IS ORGANIZED TO PROMOTE THE EXCHANGE OF IDEAS AMONG THE MEMBERS AND ASSOCIATE MEMBERS. ALSO TO BRING POTENTIAL MEMBERS.
AUTO SHOW - THIS IS A TRADE SHOW WHEREBY MEMBERS AND ASSOCIATE MEMBERS DISPLAY THEIR PRODUCTS FOR THE PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jack Perkins Exec. Direc. | Officer | 40 | $201,234 |
Maureen Bailey Director | Trustee | 1 | $0 |
Jim Hagan Vice Preside | Trustee | 1 | $0 |
Robert Tasca Jr Secretary/tr | Trustee | 1 | $0 |
Jay L'archevesque Director | Trustee | 1 | $0 |
Barbara Radebach Director | Trustee | 1 | $0 |
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 | $225,469 |
Investment income | $43,704 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $6,718 |
Net Gain/Loss on Asset Sales | $61,498 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $337,389 |
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. | $244,123 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $23,371 |
Pension plan accruals and contributions | $2,872 |
Other employee benefits | $10,649 |
Payroll taxes | $15,447 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,000 |
Fees for services: Accounting | $2,800 |
Fees for services: Lobbying | $18,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $19,441 |
Fees for services: Other | $2,425 |
Advertising and promotion | $0 |
Office expenses | $10,703 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $14,283 |
Travel | $7,441 |
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 | $878 |
Insurance | $2,808 |
All other expenses | $0 |
Total functional expenses | $427,454 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,871 |
Savings and temporary cash investments | $241,818 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $18,192 |
Investments—publicly traded securities | $1,715,544 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,988,425 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $750 |
Total liabilities | $750 |
Net assets without donor restrictions | $1,987,675 |
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 | $1,988,425 |
Organization Name | Assets | Revenue |
---|---|---|
Ll Global Inc Of Connecticut Windsor, CT | $82,107,687 | $49,999,799 |
Key Human Services Inc Wethersfield, CT | $14,644,434 | $25,649,507 |
Network Inc Andover, CT | $11,161,726 | $23,443,256 |
Warren Alpert Foundation Providence, RI | $0 | $34,230,713 |
Rhode Island Automobile Insurance Plan Johnston, RI | $25,251,183 | $13,070,810 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |