Ford Minority Dealers Association
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Lathrup Village, MI
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 37-1656497
Organization Overview
Ford Minority Dealers Association is located in Lathrup Village, MI. The organization was established in 2015. 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, Ford Minority Dealers Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ford Minority 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 12/2023, Ford Minority Dealers Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 6.3% 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
TO IMPROVE THE QUALITY AND QUANTITY OF FORD MOTOR MINORITY OWNED DEALERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MEMBER DEALERSHIPS WITH TECHNICAL ADVICE AND EXPERTISE FOR USE IN IMPROVING THE PERFORMANCE OF THEIR DEALERSHIPS VIA A COHESIVE GROUP OF EXPERIENCED DEALERS. THE ORGANIZATION UTILIZES A WEBSITE AND SERIES OF CONFERENCES TO DISEMINATE THIS INFORMATION TO ITS MEMBERSHIP.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merlton Brandenberg Secretary | OfficerTrustee | 4 | $0 |
Anthony Gordon Treasurer | OfficerTrustee | 4 | $0 |
Ray Fregia Jr Past Chairman | OfficerTrustee | 4 | $0 |
Eddie Hall III Director | Trustee | 4 | $0 |
Jay Gill Director | Trustee | 4 | $0 |
Robert Valdes Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,318,822 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,449,072 |
| Total Program Service Revenue | $0 |
| Investment income | $12,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,461,532 |
| 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. | $141,131 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $70,709 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,341 |
| Payroll taxes | $19,996 |
| Fees for services: Management | $108,584 |
| Fees for services: Legal | $14,745 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,619 |
| Information technology | $17,508 |
| Royalties | $0 |
| Occupancy | $9,056 |
| Travel | $53,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $443,665 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,253 |
| Insurance | $1,032 |
| All other expenses | $18,379 |
| Total functional expenses | $1,046,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,769 |
| Savings and temporary cash investments | $227,794 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,625 |
| 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 | $36,494 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $267,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,343,045 |
| Accounts payable and accrued expenses | $11,120 |
| 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 | $0 |
| Total liabilities | $11,120 |
| Net assets without donor restrictions | $1,331,925 |
| 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 | $1,343,045 |