Greater Charlotte Automobile Dealers Inc
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $1.7m
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 56-0904527
Organization Overview
Greater Charlotte Automobile Dealers Inc is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greater Charlotte Automobile Dealers Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Charlotte Automobile Dealers Inc 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, Greater Charlotte Automobile Dealers Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. 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
PROMOTE AUTO INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT INTERNATIONAL AUTO SHOW AND PROMOTE AUTO INDUSTRY BY AREA DEALERS.
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 |
|---|---|---|---|
Jennifer H Boswell Former Executive Director | Officer | 40 | $123,894 |
Mark Cohen Auto Show Chairman | OfficerTrustee | 0 | $0 |
Scott Mccorkle Vice President | OfficerTrustee | 0 | $0 |
Jeff Viner President | OfficerTrustee | 0 | $0 |
Claude Burns Director | Trustee | 0 | $0 |
Pete D'angelo Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,000 |
| 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 | $41,000 |
| Total Program Service Revenue | $1,142,575 |
| Investment income | $70,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,262 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,288,897 |
| 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. | $127,613 |
| Compensation of current officers, directors, key employees. | $63,807 |
| Compensation to disqualified persons | $193,280 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,587 |
| Other employee benefits | $0 |
| Payroll taxes | $26,391 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,688 |
| Fees for services: Accounting | $29,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,367 |
| Fees for services: Other | $0 |
| Advertising and promotion | $117,199 |
| Office expenses | $9,175 |
| Information technology | $65,361 |
| Royalties | $0 |
| Occupancy | $137,140 |
| Travel | $15,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,805 |
| Insurance | $14,647 |
| All other expenses | $174,499 |
| Total functional expenses | $1,604,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $292,268 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,194 |
| 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 | $4,662 |
| Net Land, buildings, and equipment | $16,822 |
| Investments—publicly traded securities | $1,169,466 |
| Investments—other securities | $1,664,046 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,261,458 |
| Accounts payable and accrued expenses | $101,826 |
| 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 | $101,826 |
| Net assets without donor restrictions | $3,159,632 |
| 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 | $3,261,458 |