Greater Metropolitan Automobile Dealers Assoc Of Minnesota In
- Assets
- $376.1k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- West St Paul, MN
- Founding
- 04/1972
- Data as of
- 06/2023
- EIN
- 41-0978387
Organization Overview
Greater Metropolitan Automobile Dealers Assoc Of Minnesota In is located in West St Paul, MN. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Metropolitan Automobile Dealers Assoc Of Minnesota In 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 06/2023, Greater Metropolitan Automobile Dealers Assoc Of Minnesota In generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.3m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. 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 PROMOTE THE AUTOMOBILE INDUSTRY IN THE SEVEN COUNTY METRO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GMADA IS A VOLUNTARY ORGANIZATION OF THE MAJORITY OF NEW CAR AND TRUCK FRANCHISED DEALERSHIPS IN THE GREATER EIGHT COUNTY MINNEAPOLIS/SAINT PAUL METROPOLITAN AREA. GMADA OPERATES THE LARGEST AUTO SHOW IN THE UPPER MIDWEST EACH YEAR. AMONG OTHER PROGRAMS, GMADA TAKES THE RESPONSIBILITY OF KEEPING THE PUBLIC INFORMED OF THE GENERAL HIGH CHARACTER AND REPUTATION OF NEWLY FRANCHISED AUTOMOBILE AND TRUCK DEALERS, NEWS RELEASES REGARDING THE INDUSTRY ARE FURNISHED TO NEWSPAPERS AND LOCAL RADIO AND TELEVISION STATIONS. THE ORGANIZATION HAS RECEIVED NATIONAL ATTENTION FOR THEIR BBB ADVERTISING REVIEW PROGRAM FOR HELPING DEALERSHIPS IN MINNESOTA MAINTAIN ETHICAL STANDARDS IN THEIR ADVERTISING. THE MINNESOTA ATTORNEY GENERAL HAS PRAISED THE PROGRAM AS AN EXAMPLE OF HOW AN INDUSTRY GROUP CAN WORK WITH THE BBB TO PROMOTE ETHICAL PRACTICES THROUGH SELF-REGULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Sutter Chair | OfficerTrustee | 2 | $0 |
Barbara Hilbert Immediate Past Chair | OfficerTrustee | 2 | $0 |
Tim Carter Vice Chair | OfficerTrustee | 2 | $0 |
Dave Roen Treasurer | OfficerTrustee | 2 | $0 |
Gary Thibert Director (mada Chair) Thru 12/22 | Trustee | 2 | $0 |
Tom Leonard Director (mada Chair) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adstrategies Inc Event Coordination | 6/29/23 | $412,115 |
Stinson Legal Services | 6/29/23 | $375,516 |
Minnesota Automobile Dealer's Associatio Management Services | 6/29/23 | $285,963 |
Fern Exposition Services Llc Trade Show Services | 6/29/23 | $278,248 |
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 | $2,445,639 |
| Investment income | $3,372 |
| 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 | $2,449,011 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $250,000 |
| Fees for services: Legal | $103,526 |
| Fees for services: Accounting | $20,211 |
| Fees for services: Lobbying | $75,923 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $577,013 |
| Advertising and promotion | $533,074 |
| Office expenses | $51,779 |
| Information technology | $65,119 |
| Royalties | $0 |
| Occupancy | $461,167 |
| Travel | $8,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,014 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,332 |
| Insurance | $22,140 |
| All other expenses | $11,633 |
| Total functional expenses | $2,342,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,670 |
| Savings and temporary cash investments | $247,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,412 |
| 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 | $3,421 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,107 |
| Accounts payable and accrued expenses | $42,899 |
| Grants payable | $0 |
| Deferred revenue | $112,878 |
| 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 | $155,777 |
| Net assets without donor restrictions | $0 |
| 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 | $220,330 |
| Total liabilities and net assets/fund balances | $376,107 |
Grants Awarded
Over the last fiscal year, Greater Metropolitan Automobile Dealers Assoc Of Minnesota In has awarded $20,343 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNESOTA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION PURPOSE: General support | $20,343 |