Florida Independent Automobile Dealers Assn
- Assets
- $859.8k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Deland, FL
- Founding
- 07/1963
- Data as of
- 12/2022
- EIN
- 59-0801406
Organization Overview
Florida Independent Automobile Dealers Assn is located in Deland, FL. The organization was established in 1963. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Florida Independent Automobile Dealers Assn employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Independent Automobile Dealers Assn 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 12/2022, Florida Independent Automobile Dealers Assn generated $308.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $470.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ANTICIPATE, RECOGNIZE AND RESPOND TO THE MEMBERS' NEED FOR EDUCATION, INFORMATION AND RESOURCES. TO SUPPORT AND ASSIST MEMBERS IN UNDERSTANDING AND COMPLYING WITH REGULATORY ISSUES. TO ADVOCATE FAIR LEGISLATION ON BEHALF OF INDEPENDENT DEALERS AND THEIR CUSTOMERS. TO INCREASE MEMBERSHIP. PROMOTE A CODE OF ETHICS. ENHANCE THE IMAGE OF THE USED CAR DEALER. IMPROVE CUSTOMER CONFIDENCE AND SATISFACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE PUBLIC INTEREST AND TO BENEFIT INDEPENDENT AUTOMOBILE DEALERS BY FOSTERING THE HIGH STANDARDS OF BUSINESS CONDUCT THAT MERIT PUBLIC CONFIDENCE
TO DISSEMINATE INFORMATION HELPFUL TO INDEPENDENT DEALERS AND TO FACILITATE THE EXCHANGE OF IDEAS AMONG MEMBERS
TO PRESENT INFORMATION TO THE PUBLIC AND TO GOVERNMENTAL AGENCIES THAT WILL HELP THEM UNDERSTAND THE ROLE OF THE INDEPENDENT AUTOMOBILE DEALER IN THE ECONOMY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ejola Cook From 322 Executive Di | Officer | 45 | $61,579 |
Ejola Cook Thru 222 Regional VP | OfficerTrustee | 1.17 | $0 |
Dexter Beard Treasurer | OfficerTrustee | 1.17 | $0 |
Chris Ellis President | OfficerTrustee | 1.17 | $0 |
Michael Fernandez Regional VP | OfficerTrustee | 1.17 | $0 |
Frank Fuzy Past Pres & | Trustee | 1.17 | $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 | $299,890 |
| Investment income | $1,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,653 |
| Net Rental Income | $5,675 |
| Net Gain/Loss on Asset Sales | -$1,118 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $308,739 |
| 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. | $61,579 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,374 |
| Payroll taxes | $1,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,652 |
| Fees for services: Accounting | $225 |
| Fees for services: Lobbying | $27,928 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84 |
| Advertising and promotion | $45,392 |
| Office expenses | $39,478 |
| Information technology | $11,030 |
| Royalties | $0 |
| Occupancy | $8,782 |
| Travel | $10,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,107 |
| Interest | $0 |
| Payments to affiliates | $21,220 |
| Depreciation, depletion, and amortization | $14,801 |
| Insurance | $9,572 |
| All other expenses | $0 |
| Total functional expenses | $470,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,263 |
| Savings and temporary cash investments | $319,869 |
| 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 | $149,503 |
| Net Land, buildings, and equipment | $334,178 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $859,813 |
| Accounts payable and accrued expenses | $22,318 |
| Grants payable | $0 |
| Deferred revenue | $156,604 |
| 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 | $178,922 |
| Net assets without donor restrictions | $680,891 |
| 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 | $859,813 |