Carolinas Independent Automobile Dealers Association Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
John W Brown
Executive Di
$157,112
Steve Wetmore
President
$0
Michael Threadgill
President El
$0
Jerry Padrick
VP North Car
$0
Kevin Pendergrass
Chairman Sc
$0
Dean Cantey
VP South Car
$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$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

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