Carolinas Independent Automobile Dealers Association Inc is located in Harrisburg, NC. The organization was established in 1974. 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 12/2021, Carolinas Independent Automobile Dealers Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolinas Independent 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 12/2021, Carolinas Independent Automobile Dealers Association Inc generated $921.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $964.0k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND BENEFIT THE INDEPENDENT AUTOMOBILE DEALERS IN NORTH AND SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED THE EDUCATIONAL MATERIALS AND CONTINUING EDUCATION REQUIRED TO MEET CURRENT REQUIREMENTS AND OBTAIN NEW AND RENEWED STATE DEALER LICENSES TO INDEPENDENT AUTOMOBILE DEALERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John W Brown Executive Di | Officer | 40 | $157,112 |
Steve Wetmore President | OfficerTrustee | 1 | $0 |
Michael Threadgill President El | OfficerTrustee | 1 | $0 |
Jerry Padrick VP North Car | OfficerTrustee | 1 | $0 |
Kevin Pendergrass Chairman Sc | OfficerTrustee | 1 | $0 |
Dean Cantey VP South Car | OfficerTrustee | 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 | $10,725 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $10,725 |
Total Program Service Revenue | $832,465 |
Investment income | $83 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $22,738 |
Net Rental Income | -$5,670 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $14,988 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $34,221 |
Miscellaneous Revenue | $0 |
Total Revenue | $921,702 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,100 |
Grants and other assistance to domestic individuals. | $3,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $157,112 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $92,070 |
Pension plan accruals and contributions | $9,367 |
Other employee benefits | $18,624 |
Payroll taxes | $27,538 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,025 |
Fees for services: Lobbying | $54,912 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,328 |
Advertising and promotion | $16,758 |
Office expenses | $99,765 |
Information technology | $38,061 |
Royalties | $63,242 |
Occupancy | $19,950 |
Travel | $9,451 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $245,232 |
Interest | $6,154 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,459 |
Insurance | $9,713 |
All other expenses | $63,179 |
Total functional expenses | $964,040 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $36,889 |
Savings and temporary cash investments | $16,880 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $30,866 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $544,199 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $591,067 |
Investments—publicly traded securities | $0 |
Investments—other securities | $633,694 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,539 |
Total assets | $1,860,134 |
Accounts payable and accrued expenses | $35,894 |
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 | $51,940 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $89,519 |
Total liabilities | $177,353 |
Net assets without donor restrictions | $1,682,781 |
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 | $1,860,134 |
Organization Name | Assets | Revenue |
---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |