Automobile Dealers Association Of Alabama Incorporated is located in Montgomery, AL. The organization was established in 1944. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2022, Automobile Dealers Association Of Alabama Incorporated employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automobile Dealers Association Of Alabama Incorporated 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, Automobile Dealers Association Of Alabama Incorporated generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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
TO REPRESENT AND SERVE THE INTERESTS OF ALABAMA'S FRANCHISED NEW CAR AND TRUCK DEALERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS EFFECTIVE IN PURSUING A FAVORABLE POLITICAL ENVIRONMENT WHICH PROVIDED OPPORTUNITIES FOR THE AUTO DEALERSHIP INDUSTRY IN ALABAMA. MEMBERSHIP WAS PROVIDED WITH IMPORTANT INFORMATION RELATIVE TO THE INDUSTRY. AUTOMOBILE DEALERSHIP INDUSTRY WAS PROMOTED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Mitchell Jr Director | Trustee | 0 | $0 |
Donny Crowe Director | Trustee | 0 | $0 |
Ryan Mayer Director | Trustee | 0 | $0 |
Bill Porter Director | Trustee | 0 | $0 |
Danny Braden Director | Trustee | 0 | $0 |
Win Harbin Director | Trustee | 0 | $0 |
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 | $693,534 |
Investment income | $130,751 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $338,288 |
Net Rental Income | $712 |
Net Gain/Loss on Asset Sales | $16,778 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,900,486 |
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. | $540,915 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $261,985 |
Pension plan accruals and contributions | $26,805 |
Other employee benefits | $47,633 |
Payroll taxes | $36,354 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,052 |
Fees for services: Accounting | $17,850 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,000 |
Advertising and promotion | $0 |
Office expenses | $37,713 |
Information technology | $10,185 |
Royalties | $0 |
Occupancy | $17,505 |
Travel | $18,387 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $347,222 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,773 |
Insurance | $9,423 |
All other expenses | $0 |
Total functional expenses | $1,448,888 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $59,444 |
Savings and temporary cash investments | $620,321 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $43,610 |
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 | $30,495 |
Net Land, buildings, and equipment | $280,796 |
Investments—publicly traded securities | $5,476,135 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,886 |
Total assets | $6,551,687 |
Accounts payable and accrued expenses | $93,162 |
Grants payable | $0 |
Deferred revenue | $7,500 |
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 | $100,662 |
Net assets without donor restrictions | $6,451,025 |
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 | $6,551,687 |