Kentucky Automobile Dealers Assn Inc

Organization Overview

Kentucky Automobile Dealers Assn Inc is located in Frankfort, KY. The organization was established in 1945. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kentucky Automobile Dealers Assn Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Automobile Dealers Assn 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, Kentucky Automobile Dealers Assn Inc generated $933.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $727.0k during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE ASSOCIATION AND THE OBJECTIVES TO BE PROMOTED AND CARRIED OUT, IN ACCORDANCE WITH THE BY-LAWS, ARE AS FOLLOWS: TO FACILITATE THE EXCHANGE OF IDEAS AND INFORMATION AMOUNG ITS MEMBERS. TO ENCOURAGE SOUND BUSINESS PRACTICES AND POLICES. TO ENHANCE CONFIDENCE, RESPECT AND GOOD FELLOWSHIP AMONG ALL WHO ARE ENGAGED DIRECTLY OR INDIRECTLY IN THE MOTOR VEHICLE INDUSTRY AND TO PROTECT TRADE & COMMERCE AMONG DEALERS AND THEIR ALLIED PARTNERS IN THE COMMONWEALTH OF KENTUCKY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KADA CONVENTION IS OUR ANNUAL MEETING FOR MEMBERS AND THEIR KEY EMPLOYEES. THE MEETING INCLUDES WORKSHOPS, BOARD MEETING AND EVENTS. WORKSHOPS ADDRESS A RANGE OF ISSUES FROM WORK PLACE SAFETY, CURRENT ECONOMIC ISSUES, REGULARTORY CONCERNS, ETC.


KADA HOLD 4 DISTRICT MEETINGS EACH YEAR THAT ON AVERAGE HAVE ABOUT 175 ATTENDEES. MEETINGS ARE HELD TO DISCUSS CURRENT INDUSTRY ISSUES.


THE NADA CONVENTION IS AN ANNUAL MEETING FOR THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION. THIS CONVENTION INCLUDES MANY WORKSHOPS, TRADESHOWS AND OTHER EVENTS. THE CONVENTION IS TYPICALLY HELD IN JANUARY EACH YEAR, HOWEVER, DUE TO COVID-19 IT WAS NOT HELD IN 2021. THE WASHINGTON CONFERENCE IS SPONSORED BY NADA EVERY YEAR. IT IS A TIME WHERE ALL STATE ASSOCIATIONS SEND KEY PEOPLE TO GO TO WASHINGTON D.C. AND VISIT WITH THEIR CONGRESSMEN TO RELAY ANY IMPORTANT ISSUES PERTAINING TO THE AUTOMOTOVE INDUSTRY. KADA TYPICALLY SENDS ON AVERAGE AROUND 10 AUTO DEALER MEMBERS WHO SERVE ON THE BOARD. HOWEVER, IT WAS CANCELED FOR 2021.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$317,420
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$25,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$343,170
Total Program Service Revenue$215,514
Investment income $6,694
Tax Exempt Bond Proceeds $0
Royalties $306,953
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $19,792
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $933,523

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