Kentucky Automobile Dealers Assn Inc
- Assets
- $2.0m
- Revenue
- $935.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Frankfort, KY
- Founding
- 05/1945
- Data as of
- 12/2022
- EIN
- 61-0244725
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 12/2022, Kentucky Automobile Dealers Assn Inc employed 4 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 12/2022, Kentucky Automobile Dealers Assn Inc generated $935.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $823.5k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 AMONG 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 HELD 5 DISTRICT MEETINGS IN 2022 THAT HAD ABOUT 220 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 WAS HELD IN MARCH OF 2022 IN LAS VEGAS. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Wilson President | Officer | 40 | $174,861 |
See Attached Board Member | Officer | $0 | |
Joe Cummins Chair-Elect | Officer | $0 | |
Kim Huffman Past Chairma | Officer | $0 | |
Rob Marshall Treasurer | Officer | $0 | |
David Moore Vice-Chair | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $312,960 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,210 |
| Total Program Service Revenue | $317,867 |
| Investment income | $4,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $255,768 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $935,046 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $323,895 |
| Pension plan accruals and contributions | $34,789 |
| Other employee benefits | $16,743 |
| Payroll taxes | $24,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,752 |
| Advertising and promotion | $0 |
| Office expenses | $4,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,422 |
| Insurance | $5,625 |
| All other expenses | $28,669 |
| Total functional expenses | $823,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,102 |
| Savings and temporary cash investments | $1,472,665 |
| 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 | $5,375 |
| Net Land, buildings, and equipment | $280,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,006,612 |
| Accounts payable and accrued expenses | $6,120 |
| Grants payable | $0 |
| Deferred revenue | $313,767 |
| 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 | $319,887 |
| Net assets without donor restrictions | $1,638,798 |
| Net assets with donor restrictions | $47,927 |
| 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 | $2,006,612 |