Wake County New Vehicle Dealers Association Inc
- Assets
- $592.4k
- Revenue
- -$19.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 56-1666351
Organization Overview
Wake County New Vehicle Dealers Association Inc is located in Raleigh, NC. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Wake County New Vehicle Dealers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake County New Vehicle Dealers Association 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.
Since 2016, Wake County New Vehicle Dealers Association Inc has awarded 13 individual grants totaling $307,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC EDUCATION CONCERNING AUTOMOBILE & TRUCK INDUSTRY. PROCEEDS FROM SPECIAL EVENTS ARE USED TO SUPPORT LOCAL CHARITIES AND SCHOOL PROGRAMS. NUMBER OF PERSONS BENEFITED ARE NOT KNOWN. GEOGRAPHIC AREA AFFECTED IS WAKE COUNTY, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Director | Trustee | 0 | $0 |
Name Not Listed Director | Trustee | 0 | $0 |
Name Not Listed Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $550 |
| 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 | $550 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$20,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$19,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| 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. | $66,677 |
| 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 | $3,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,175 |
| Fees for services: Accounting | $7,102 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,669 |
| All other expenses | $0 |
| Total functional expenses | $175,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,494 |
| Savings and temporary cash investments | $497,881 |
| 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 | $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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $592,375 |
| Accounts payable and accrued expenses | $0 |
| 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 | $352 |
| Total liabilities | $352 |
| Net assets without donor restrictions | $592,023 |
| 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 | $592,375 |
Grants Awarded
Over the last fiscal year, Wake County New Vehicle Dealers Association Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION PURPOSE: Victory fund | $30,000 |
WAKE TECH FOUNDATION PURPOSE: Auto center excellence fund | $60,000 |