Hampton Roads Auto Dealers Assoc
- Assets
- $907.1k
- Revenue
- $130.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1967
- Data as of
- 12/2021
- EIN
- 54-0808620
Organization Overview
Hampton Roads Auto Dealers Assoc is located in Richmond, VA. The organization was established in 1967. 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. Hampton Roads Auto Dealers Assoc 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 12/2021, Hampton Roads Auto Dealers Assoc generated $130.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $140.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HRADA'S MISSION IS TO PROMOTE THE ENVIRONMENT OF AUTOMOBILE SALES AND SERVICES BY BRINGING LOCAL AUTOMBILE DEALERS TOGETHER TO SHARE INFORMATION AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AUTOMOBILE SHOW: TO PROVIDE THE PUBLIC AN OPPORTUNITY TO SEE ALMOST EVERY MAKE AND MODEL VEHICLE AVAILABLE IN ONE PLACE.
DEALER MEETINGS AND BOARD OF DIRECTORS MEETINGS: TO BRING THE AUTOMOBILE DEALERSHIP OWNERS AND EMPLOYEES TOGETHER TO EXCHANGE IDEAS, DISCUSS BUSINESS TRENDS AND SHARE AUTOMOTIVE INFORMATION WITH EACH OTHER.
GOLF TOURNAMENT: TO PROMOTE COOPERATION AND CAMARADERIE AMONG THE AREA AUTOMOBILE DEALERSHIP OWNERS AND EMPLOYEES AND TO PROMOTE THE AUTOMOBILE INDUSTRY IN THE HAMPTON ROADS AREA FOR THE BENEFIT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Banister Past President | Officer | 4 | $0 |
Donald L Hall Executive Vice President | Officer | 4 | $0 |
David Pickett President | Officer | 4 | $0 |
Alan Rice Secretary | Officer | 4 | $0 |
Pat Fields Treasurer | Officer | 4 | $0 |
Rebecca Wilson Vice President | Officer | 4 | $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 | $80,585 |
| Investment income | $9,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,055 |
| 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 | $39,000 |
| Fees for services: Legal | $3,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52 |
| Fees for services: Other | $64,458 |
| Advertising and promotion | $97 |
| Office expenses | $67 |
| Information technology | $7,645 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $140,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,991 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $347,616 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $907,124 |
| Accounts payable and accrued expenses | $14,226 |
| Grants payable | $0 |
| Deferred revenue | $469,382 |
| 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 | $483,608 |
| Net assets without donor restrictions | $423,516 |
| 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 | $907,124 |
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|---|---|---|
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American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
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Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |