Cleveland Automobile Dealers Association
- Assets
- $7.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Broadview Heights, OH
- Founding
- 10/1946
- Data as of
- 10/2023
- EIN
- 34-0650839
Organization Overview
Cleveland Automobile Dealers Association is located in Broadview Heights, OH. The organization was established in 1946. 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 10/2023, Cleveland Automobile Dealers Association employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland 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 10/2023, Cleveland Automobile Dealers Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.6m during the year ending 10/2023. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
ENCOURAGE AND PROMOTE TRADE AND COMMERCE BY AFFORDING THE OPPORTUNITY FOR ITS MEMBERS TO ASSOCIATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE AND PROMOTE TRADE AND COMMERCE BY AFFORDING THE OPPORTUNITY FOR ITS MEMBERS TO ASSOCIATE, EXCHANGE VIEWS AND DISSEMINATE INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Vitantonio Jr President/ Secretary | OfficerTrustee | 40 | $242,361 |
Barry Axelrod Chairman | Trustee | 1 | $0 |
Nathan Lancry 1st Vice Chairman | Trustee | 1 | $0 |
Pat O'brien 2nd Vice Chairman | Trustee | 1 | $0 |
Pat Preston Treasurer | Trustee | 1 | $0 |
Kirt Frye Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $360,555 |
| 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 | $360,555 |
| Total Program Service Revenue | $1,270,239 |
| Investment income | $103,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $18,071 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,144 |
| Net Income from Fundraising Events | -$74,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,264,761 |
| 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. | $522,018 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $324,572 |
| Pension plan accruals and contributions | $15,679 |
| Other employee benefits | $91,577 |
| Payroll taxes | $38,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,070 |
| Advertising and promotion | $34,876 |
| Office expenses | $31,341 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,284 |
| Travel | $9,946 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,526 |
| Interest | $0 |
| Payments to affiliates | $379,733 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,446 |
| All other expenses | $51,205 |
| Total functional expenses | $1,557,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,673,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $480,436 |
| 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 | $58,352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,368,073 |
| Intangible assets | $0 |
| Other assets | $1,943,650 |
| Total assets | $7,523,827 |
| Accounts payable and accrued expenses | $112,044 |
| 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 | $1,381,424 |
| Total liabilities | $1,493,468 |
| Net assets without donor restrictions | $6,030,359 |
| 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 | $7,523,827 |