Florida Automobile Dealers Association
- Assets
- $5.6m
- Revenue
- $1.5m
- Investments
- $271.1k
- Employees
- 4
- Location
- Tallahassee, FL
- Founding
- 04/1945
- Data as of
- 09/2022
- EIN
- 59-0245515
Organization Overview
Florida Automobile Dealers Association is located in Tallahassee, FL. The organization was established in 1945. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 09/2022, Florida Automobile Dealers Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Automobile Dealers Association 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 09/2022, Florida Automobile Dealers Association generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $732.9k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FLORIDA AUTOMOBILE DEALERS ASSOCIATION (FADA) HAS THE FOLLOWING MISSION:1) FACILITATE THE EXCHANGE OF IDEAS AMONG ITS MEMBERS; PROVIDE INFORMATION, TECHNICAL ASSISTANCE, EDUCATION AND PRODUCTS AND SERVICES TO ALL MEMBER DEALERSHIPS.2) ENCOURAGE SOUND BUSINESS POLICIES AND PROMOTE ETHICAL STANDARDS.3) WORK WITH THE FLORIDA LEGISLATURE TO PROMOTE LEGISLATION THAT WILL ENHANCE THE AUTOMOBILE INDUSTRY IN FLORIDA.4) REPRESENT NEW CAR, FRANCHISED AUTO DEALERS THROUGH LIAISON WITH ALL LINE MAKE MANUFACTURERS5) PROMOTE A COMPETITIVE MARKETPLACE FOR FLORIDA CONSUMERS.6) WORK CLOSELY WITH THE FLORIDA AGENCIES THAT REGULATE THE AUTOMOBILE INDUSTRY TO ENSURE THE FAIR TREATMENT OF MEMBERS WHILE MAINTAINING THE INTERESTS OF CONSUMERS.7) WORK CLOSELY WITH THE MEDIA AND CONSUMER GROUPS TO EDUCATE AND ENLIGHTEN THE PUBLIC ON ALL AUTOMOBILE INDUSTRY ISSUES.8) WORK WITH OTHER BUSINESS AND INDUSTRY COALITIONS TO PROMOTE AND ENHANCE FLORIDA'S BUSINESS CLIMATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FADA PROMOTES THE AUTOMOBILE INDUSTRY IN THE STATE OF FLORIDA; PROTECTS AND SUPPORTS THE INTERESTS OF FLORIDA'S FRANCHISED NEW CAR DEALERS; REPRESENTS INTERESTS OF FADA MEMBERS BEFORE FLORIDA LEGISLATURE.
AUTOMOTIVE YOUTH EDUCATIONAL SYSTEMS (AYES): AUTO DEALERS AND MANUFACTURERS WORK HAND-IN-HAND WITH LOCAL SECONDARY AND POSTSECONDARY SCHOOLS TO CREATE A SEAMLESS EDUCATIONAL EXPERIENCE THAT PRODUCES SOME OF THE MOST TALENTED AND SOUGHT AFTER EMPLOYEES IN TODAY'S AUTOMOTIVE MARKET. STUDENTS PARTICIPATE IN JOB SHADOWING AND PAID SUMMER INTERNSHIPS WHILE COMPLETING THEIR HIGH SCHOOL DEGREES.
FADA UNIVERSITY BRINGS PROFESSIONAL DEVELOPMENT TO THE DEALERSHIPS IN FLORIDA THROUGH WEB-BASED LEARNING COURSES, WEBINARS, ON-LINE POSTINGS, AND SEMINARS (I.E. DEALER DRIVE-INS, TOWN HALLS, AND TOPIC SPECIFIC SEMINARS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Mcnamara Chairman | OfficerTrustee | 2 | $0 |
Greg Douglas Chairman-Elect | OfficerTrustee | 2 | $0 |
Greg Soulliere Treasurer | OfficerTrustee | 2 | $0 |
Allen Turner Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Jonathan Chariff Adiab Rep/director | Trustee | 2 | $0 |
Telis Assimenios Adiab Rep/director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $456,774 |
| 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 | $456,774 |
| Total Program Service Revenue | $694,053 |
| Investment income | $23,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $275,435 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,471,249 |
| 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. | $280,986 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,528 |
| Pension plan accruals and contributions | $13,241 |
| Other employee benefits | $41,631 |
| Payroll taxes | $22,065 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,865 |
| Fees for services: Accounting | $54,594 |
| Fees for services: Lobbying | $106,716 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $66,134 |
| Information technology | $4,547 |
| Royalties | $0 |
| Occupancy | $10,231 |
| Travel | $63,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,402 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,953 |
| Insurance | $14,255 |
| All other expenses | -$298,151 |
| Total functional expenses | $732,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,051,333 |
| Savings and temporary cash investments | $2,625,879 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,690 |
| 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 | $395,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $271,098 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,553,448 |
| Accounts payable and accrued expenses | $84,933 |
| Grants payable | $0 |
| Deferred revenue | $442,275 |
| 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 | $17,475 |
| Total liabilities | $544,683 |
| Net assets without donor restrictions | $4,972,765 |
| Net assets with donor restrictions | $36,000 |
| 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 | $5,553,448 |