Automotive Aftermarket Association Southeast Inc is located in Pike Road, AL. The organization was established in 1952. 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 09/2023, Automotive Aftermarket Association Southeast Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automotive Aftermarket Association Southeast 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 09/2023, Automotive Aftermarket Association Southeast Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE BUSINESS INTEREST OF THE AUTOMOTIVE EQUIPMENT AFTERMARKET INDUSTRY AND EDUCATE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNCIL AND COMITTEE MEETINGS AND ANNUAL CONVENTION FOR ENTIRE MEMBERSHIP
INFORMING MEMBERSHIP OF ITEMS RELATED TO THE AUTOMOTIVE WHOLESALE PARTS INDUSTRY TO SERVE THE ENTIRE MEMBERSHIP
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Randal Ward President | OfficerTrustee | 40 | $407,692 |
Liz Burleson-Barrett Director | Trustee | 1 | $0 |
Danny Durbin First Vice C | OfficerTrustee | 2 | $0 |
Fred Forsythe Director | Trustee | 1 | $0 |
Jay Galimore Director | Trustee | 1 | $0 |
Richard Gerard Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $114,577 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $121,808 |
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 | $236,385 |
Total Program Service Revenue | $641,095 |
Investment income | $33,367 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,048,901 |
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. | $407,692 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $351,212 |
Pension plan accruals and contributions | $62,652 |
Other employee benefits | $0 |
Payroll taxes | $42,615 |
Fees for services: Management | $27,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $43,318 |
Advertising and promotion | $0 |
Office expenses | $22,986 |
Information technology | $24,978 |
Royalties | $0 |
Occupancy | $20,763 |
Travel | $5,636 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,338 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $25,710 |
Insurance | $62,275 |
All other expenses | $962 |
Total functional expenses | $1,149,990 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,007 |
Savings and temporary cash investments | $86,464 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,300 |
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 | $338,467 |
Investments—publicly traded securities | $990,931 |
Investments—other securities | $1,009,863 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $324,665 |
Total assets | $2,767,697 |
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 | $14,095 |
Total liabilities | $14,095 |
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 | $2,753,602 |
Total liabilities and net assets/fund balances | $2,767,697 |