Rhode Island Automobile Dealers Association
- Assets
- $1.5m
- Revenue
- $301.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Warwick, RI
- Founding
- 05/1988
- Data as of
- 03/2024
- EIN
- 05-0207835
Organization Overview
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 03/2024, 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 03/2024, Rhode Island Automobile Dealers Association generated $301.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $354.7k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 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
2024
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Perkins Exec. Direc. | Officer | 40 | $144,981 |
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 |
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 | $180,251 |
| Investment income | $39,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,099 |
| Net Gain/Loss on Asset Sales | $57,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,897 |
| 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. | $186,235 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,834 |
| Pension plan accruals and contributions | $2,800 |
| Other employee benefits | $13,693 |
| Payroll taxes | $14,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,000 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,764 |
| Fees for services: Other | $854 |
| Advertising and promotion | $0 |
| Office expenses | $12,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,102 |
| Travel | $7,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $442 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878 |
| Insurance | $2,827 |
| All other expenses | $280 |
| Total functional expenses | $354,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,423 |
| Savings and temporary cash investments | $190,849 |
| 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 | $16,438 |
| Investments—publicly traded securities | $1,322,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,549,386 |
| 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 | $1,548,636 |
| 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 | $1,549,386 |