Central Florida Auto Dealers Association Inc
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Sanford, FL
- Founding
- 07/1966
- Data as of
- 12/2021
- EIN
- 59-1111836
Organization Overview
Central Florida Auto Dealers Association Inc is located in Sanford, FL. The organization was established in 1966. 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. As of 12/2021, Central Florida Auto Dealers Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Florida Auto 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.
For the year ending 12/2021, Central Florida Auto Dealers Association Inc generated $1.2m 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 (5.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Central Florida Auto Dealers Association Inc has awarded 49 individual grants totaling $572,272. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION AND PROMOTION OF AUTO SHOW EVENT, EDUCATIONAL PROGRAMS RELATED TO THE AUTO INDUSTRY, AND DONATION OF FUNDS TO CHARITABLE AND EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ANNUALLY PUTS ON AN AUTO SHOW HELD IN THE ORLANDO CONVENTION CENTER. THE SHOW IS OPEN TO THE PUBLIC TO INTRODUCE THE NEWEST PRODUCTS IN THE AUTO INDUSTRY.
THE ORGANIZATION MAKES NUMEROUS CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS ANNUALLY IN ORDER TO BENEFIT COMMUNITIES. HELPING TO BUILD BETTER COMMUNITIES IS ONE OF THE GOALS OF THE ORGANIZATION.
EDUCATIONAL PROGRAMS OFFERED TO TRAIN AND EDUCATE PEOPLE IN THE AUTOMOTIVE INDUSTRY. THE ORGANIZATION HAS PARTNERED WITH SEMINOLE STATE COLLEGE TO DONATE FUNDS TO HELP THE SCHOOL'S DEGREED MECHANICS PROGRAM. THE PROGRAM TRAINS AND EDUCATES FUTURE MECHANICS IN THE AREA. IN ADDITION, THE ORGANIZATION SUPPORTS OTHER STATE AND LOCAL EDUCATIONAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evelyn Cardenas President/ceo | OfficerTrustee | 40 | $132,520 |
George Nahas Director | OfficerTrustee | 0 | $0 |
Richard Sox Counsel | OfficerTrustee | 0 | $0 |
Randy Parks Secretary/treasurer | OfficerTrustee | 0 | $0 |
John Mantione Director | OfficerTrustee | 0 | $0 |
Raj Lally Director | OfficerTrustee | 0 | $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 | $1,198,066 |
| Investment income | $14,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $1,212,387 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,500 |
| 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. | $132,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,414 |
| Pension plan accruals and contributions | $48,496 |
| Other employee benefits | $0 |
| Payroll taxes | $13,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,850 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186 |
| Advertising and promotion | $43,087 |
| Office expenses | $49,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,371 |
| Travel | $48,027 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $693,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,753 |
| All other expenses | $0 |
| Total functional expenses | $1,215,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $881,328 |
| Savings and temporary cash investments | $2,458,248 |
| 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 | $3,339,576 |
| 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 | $41,039 |
| Total liabilities | $41,039 |
| Net assets without donor restrictions | $0 |
| 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 | $3,298,537 |
| Total liabilities and net assets/fund balances | $3,339,576 |
Grants Awarded
Over the last fiscal year, Central Florida Auto Dealers Association Inc has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Orlando, FL PURPOSE: SUPPORT | $25,000 |
FOUNDATION FOR SCC PURPOSE: SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gwinnett Convention And Visitors Bureau Inc Duluth, GA | $29,610,598 | $21,705,089 |
Icamr Inc Neocity, FL | $16,807,579 | $18,482,877 |
Nassau-Paradise Island Promotion Board Ltd Plantation, FL | $7,848,897 | $14,831,769 |
Asian American Hotel Owners Association Atlanta, GA | $22,232,306 | $14,292,123 |
Osceola Convention And Visitors Bureau Inc Kissimmee, FL | $12,721,814 | $18,220,107 |
Panama City Beach Convention And Vistors Bureau Inc Panama City Beach, FL | $6,910,172 | $13,906,597 |
Florida Reliability Coordinating Council Tampa, FL | $10,138,227 | $13,874,923 |
Midtown Business Association Inc Atlanta, GA | $4,952,556 | $10,845,776 |
Corenet Global Inc Atlanta, GA | $22,405,208 | $10,074,155 |
Visit Pensacola Inc Pensacola, FL | $2,535,965 | $7,930,486 |
Allinial Global Lawrenceville, GA | $3,508,006 | $7,173,344 |
The Florida Restaurant & Lodging Association Inc Tallahassee, FL | $14,927,226 | $6,472,755 |