National Independent Automobile Dealers Association Foundation
- Assets
- $1.0m
- Revenue
- $78.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, TX
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 41-2197030
Organization Overview
National Independent Automobile Dealers Association Foundation, operating under the name Dealers Association Foundation, is located in Arlington, TX. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dealers Association Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Dealers Association Foundation generated $78.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $120.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.1%) 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
THE NIADA FOUNDATION EXISTS TO IDENTIFY AND PROMOTE VALUE-ADDED OPPORTUNITIES FOR ITS MEMBERS AND CORPORATE PARTNERS TO UNDERSTAND AND RESPOND TO COMPELLING EDUCATION AND CHARITABLE NEEDS AT THE LOCAL AND NATIONAL LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF CURRENT INDUSTRY MEMBERS RELATED TO COMPLIANCE AND BUSINESS TRENDS AND PRACTICES IN THE USED CAR INDUSTRY. SCHOLARSHIP OPPORTUNITIES FOR STUDENTS PURSUING A DEGREE WITH THE INTENT TO ENTER THE AUTOMOTIVE SPACE. THE FOUNDATION PARTNERS WITH CORPORATE PARTNERS AND EDUCATION LEADERS TO ENSURE THESE OPPORTUNITIES CONTINUE INTO THE FUTURE, SUPPORTING THE FUTURE LEADERS OF THE INDUSTRY.
THE FOUNDATION HAS ESTABLISHED SEVERAL CHARITABLE PROGRAMS DESIGNED TO RESPOND TO SPECIFIC NEEDS OF THE USED CAR DEALER COMMUNITY. WORKING WITH CORPORATE PARTNERS AND STATE AFFILIATES, CHARITABLE PROGRAMS RESPOND TO PERSONAL TRAGEDY, ILLNESS, NATURAL DISASTER RELIEF, AND VETERAN WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Martin President/ceo | OfficerTrustee | 1 | $0 |
Mark Weida Chairman | OfficerTrustee | 1 | $0 |
Michael Darrow Vice Chairman | OfficerTrustee | 1 | $0 |
Michael Brill Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jason Jager Board Trustee | Trustee | 1 | $0 |
Jake Frank Board Trustee | Trustee | 1 | $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 | $56,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,200 |
| Total Program Service Revenue | $0 |
| Investment income | $9,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,149 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $15,250 |
| 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 | $73,767 |
| Pension plan accruals and contributions | $1,491 |
| Other employee benefits | $5,694 |
| Payroll taxes | $5,407 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,458 |
| 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 | $2,060 |
| Information technology | $1,330 |
| Royalties | $0 |
| Occupancy | $1,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $728 |
| All other expenses | $0 |
| Total functional expenses | $120,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,352 |
| Savings and temporary cash investments | $219 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $584,078 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $352 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $262,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,004,989 |
| Accounts payable and accrued expenses | $118,197 |
| Grants payable | $0 |
| Deferred revenue | $40,671 |
| 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 | $158,868 |
| Net assets without donor restrictions | $844,621 |
| Net assets with donor restrictions | $1,500 |
| 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 | $1,004,989 |
Grants Awarded
Over the last fiscal year, National Independent Automobile Dealers Association Foundation has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS AT ARLINGTON PURPOSE: SCHOLARSHIP ENDOWMNT | $25,000 |
NORTHWOOD UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |