Virginia Automobile Dealers Assn General Fund
- Assets
- $18.6m
- Revenue
- $3.7m
- Investments
- $3.6m
- Employees
- 12
- Location
- Richmond, VA
- Founding
- 11/1961
- Data as of
- 06/2021
- EIN
- 54-0450515
Organization Overview
Virginia Automobile Dealers Assn General Fund is located in Richmond, VA. The organization was established in 1961. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. As of 06/2021, Virginia Automobile Dealers Assn General Fund employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Automobile Dealers Assn General Fund 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 06/2021, Virginia Automobile Dealers Assn General Fund generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 0.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION EXISTS IN ORDER TO IMPROVE BUSINESS CONDITIONS IN THE AUTOMOTIVE DEALERSHIP INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND PROTECT TRADE AND COMMERCE AMONG DEALERS IN AUTOMOBILES, AIRSHIPS, ACCESSORIES, MOTOR EQUIPPED UTILITIES AND THEIR ALLIED TRADES.
THE VIRGINIA INTERNATIONAL AUTO SHOW IS A PUBLIC EVENT DESIGNED TO INFORM THE PUBLIC AND MEDIA OF THE LATEST TRENDS IN THE AUTOMOBILE INDUSTRY INCLUDING SHOWCASING THE LATEST AUTO AND TRUCK MODELS AND SOME OF THE NEW TECHNOLOGY. THE EVENT IS DESIGNED TO STIMULATE CONSUMER INTEREST. THE SHOW INCLUDES DISPLAYS FROM THE MAJORITY OF VEHICLE MANUFACTURERS AS WELL AS EDUCATIONAL EXHIBITS ON NEW TECHNOLOGIES LIKE HYBRID DRIVE SYSTEMS AND ALTERNATIVE FUEL VEHICLES. THE SHOW IS THE LARGEST EVENT OF ITS KIND IN THE COMMONWEALTH OF VIRGINIA AND THE ESTIMATED ATTENDANCE IS 50,000.
VADA PRODUCES NUMEROUS EDUCATIONAL AND INFORMATIONAL PUBLICATIONS, PRINT AND DIGITAL, FOR MEMBERS, THE MEDIA AND THE PUBLIC. THE VADA DEALER DIRECTORY PROVIDES DEALERSHIP CONTACT INFORMATION FOR MEMBERS AS WELL AS KEY CONTACTS WITH LEGISLATIVE AND REGULATORY AGENCIES. THE NEW CAR SALES REPORTS ARE STATISTICAL REPORTS WHICH TRACK NEW VEHICLE REGISRATIONS IN VIRGINIA AND ARE PROVIDED TO DEALERS AND THE MEDIA IN VARIOUS FORMATS. VADA ALSO PRODUCES NEWSLETTERS, EXECUTIVE BRIEFS AND OTHER ISSUE-SPECIFIC WHITE PAPERS DEALING WITH LEGAL, REGULATORY AND LEGISLATIVE ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald L Hall President - CEO | Officer | 60 | $761,664 |
Anne Garmbardella Director Of Legislative/le | Officer | 60 | $175,463 |
Mike Beyer Secretary | Officer | 1 | $0 |
Elizabeth Myers Borches Treasurer | Officer | 1 | $0 |
Tom Bates Chairman | Officer | 1 | $0 |
Dave Perno Immediate Past Chair | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,108,800 |
| Investment income | $252,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,474,995 |
| Net Rental Income | $70,000 |
| Net Gain/Loss on Asset Sales | $235,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,701,847 |
| 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. | $266,582 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $745,027 |
| Pension plan accruals and contributions | $81,988 |
| Other employee benefits | $71,277 |
| Payroll taxes | $78,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,222 |
| Fees for services: Accounting | $30,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,955 |
| Fees for services: Other | $10,067 |
| Advertising and promotion | $88,323 |
| Office expenses | $13,100 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,572 |
| Travel | $6,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,702 |
| Insurance | $15,672 |
| All other expenses | $53,205 |
| Total functional expenses | $2,095,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $236,606 |
| 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 | $167,775 |
| Net Land, buildings, and equipment | $536,149 |
| Investments—publicly traded securities | $12,372,190 |
| Investments—other securities | $3,602,853 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,409 |
| Total assets | $18,570,785 |
| Accounts payable and accrued expenses | $295,240 |
| 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 | $821,031 |
| Total liabilities | $1,116,271 |
| Net assets without donor restrictions | $17,123,593 |
| Net assets with donor restrictions | $330,921 |
| 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 | $18,570,785 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
Council Of Independent Colleges Washington, DC | $74,304,856 | $12,399,028 |
Johnston-Lee-Harnett Community Action Incorporated Smithfield, NC | $2,342,060 | $13,580,773 |
University Of Maryland Family Medicine Associates Pa Baltimore, MD | $1,189,573 | $10,954,092 |
Friedreichs Ataxia Research Alliance Fara Springfield, VA | $7,478,784 | $7,717,778 |
International Society On Thrombosis And Haemostasis Inc Carrboro, NC | $25,182,348 | $9,872,487 |
Institute For Medical Research Inc Durham, NC | $6,550,784 | $5,925,427 |
Council Of The Great City Schools Washington, DC | $15,898,076 | $7,382,134 |
National Grain And Feed Association Arlington, VA | $10,815,590 | $5,604,417 |
Copper Development Association Inc Mclean, VA | $5,141,566 | $5,540,739 |
Heineman-Robicsek Foundation Inc Charlotte, NC | $7,695,245 | $5,065,349 |