Inter-Industry Conference On Auto Collision Repairs
- Assets
- $121.1m
- Revenue
- $75.1m
- Investments
- $6.6m
- Employees
- 515
- Location
- Hoffman Estates, IL
- Founding
- 05/1981
- Data as of
- 12/2023
- EIN
- 36-3117579
Organization Overview
Inter-Industry Conference On Auto Collision Repairs is located in Hoffman Estates, IL. The organization was established in 1981. 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 12/2023, Inter-Industry Conference On Auto Collision Repairs employed 515 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inter-Industry Conference On Auto Collision Repairs 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 12/2023, Inter-Industry Conference On Auto Collision Repairs generated $75.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $69.4m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 9 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
I-CAR'S VISION IS THAT EVERY PERSON IN THE COLLISION REPAIR INDUSTRY HAS THE INFORMATION, KNOWLEDGE AND SKILLS REQUIRED TO PERFORM COMPLETE, SAFE AND QUALITY REPAIRS FOR THE ULTIMATE BENEFIT OF THE CONSUMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING: I-CAR DEVELOPS AND DELIVERS TECHNICAL TRAINING PROGRAMS TO PROFESSIONALS IN ALL AREAS OF THE COLLISION REPAIR INDUSTRY. DURING 2023, I-CAR CONDUCTED LIVE, ONLINE, AND VIRTUAL TRAINING CLASSES TO 74,630 STUDENTS.
TESTING: DURING 2023, I-CAR CONDUCTED 11,261 WELDING TRAINING AND CERTIFICATION EVENTS COMPRISED OF 18,471 STUDENTS. I-CAR CONDUCTED 12,038 HANDS-ON SKILL DEVELOPMENT EVENTS COMPRISED OF 20,680 STUDENTS.
COMMUNICATIONS: THROUGH WEBSITE, E-NEWSLETTER, MEETINGS AND CONFERENCES, I-CAR PROVIDES A COMMUNICATION FORUM ON PROPER COLLISION REPAIR FOR I-CAR MEMBERS, OTHER PROFESSIONALS IN THE COLLISION REPAIR INDUSTRY AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Evans Vice-Chair/secretary | OfficerTrustee | 1.22 | $0 |
Jennifer Goforth Secretary/vice-Chair | OfficerTrustee | 1.3 | $0 |
Jim Guthrie Chair | OfficerTrustee | 1.14 | $0 |
Paul Krauss Director/treasurer | OfficerTrustee | 0.65 | $0 |
Dan Friedman Treasurer | OfficerTrustee | 0.88 | $0 |
Kyle Thompson Immediate Past Chair | OfficerTrustee | 0.91 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Divihn Integration Inc It Services | 12/30/23 | $1,414,684 |
Push 22 Advertising/marketing Services | 12/30/23 | $356,492 |
Populus Advisors Human Resource Services | 12/30/23 | $299,812 |
Tek Systems Talent Solutions Services | 12/30/23 | $257,705 |
Cranemorley Inc Curriculum And Training Services | 12/30/23 | $238,823 |
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 | $72,366,559 |
| Investment income | $2,671,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,052 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,101,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $255,000 |
| 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. | $1,253,742 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,200,385 |
| Pension plan accruals and contributions | $1,111,350 |
| Other employee benefits | $3,770,344 |
| Payroll taxes | $2,738,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $274,665 |
| Fees for services: Accounting | $71,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $208,946 |
| Fees for services: Other | $3,235,859 |
| Advertising and promotion | $1,482,054 |
| Office expenses | $2,680,791 |
| Information technology | $3,455,966 |
| Royalties | $0 |
| Occupancy | $881,062 |
| Travel | $3,678,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $490,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,195,037 |
| Insurance | $398,992 |
| All other expenses | $154,944 |
| Total functional expenses | $69,438,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,971,051 |
| Savings and temporary cash investments | $11,118,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,614,371 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,025,071 |
| Prepaid expenses and deferred charges | $3,863,068 |
| Net Land, buildings, and equipment | $9,883,506 |
| Investments—publicly traded securities | $64,545,116 |
| Investments—other securities | $6,583,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,503,725 |
| Total assets | $121,108,345 |
| Accounts payable and accrued expenses | $9,605,434 |
| Grants payable | $0 |
| Deferred revenue | $12,479,437 |
| 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 | $3,837,659 |
| Total liabilities | $25,922,530 |
| Net assets without donor restrictions | $95,185,815 |
| 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 | $121,108,345 |