Texas Automobile Dealers Association
- Assets
- $14.6m
- Revenue
- $6.5m
- Investments
- $1.3m
- Employees
- 10
- Location
- Austin, TX
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 74-0937730
Organization Overview
Texas Automobile Dealers Association is located in Austin, TX. The organization was established in 1944. 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 12/2023, Texas Automobile Dealers Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Automobile Dealers Association 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 12/2023, Texas Automobile Dealers Association generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 3.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE INTERESTS OF THE AUTOMOBILE INDUSTRY IN THE STATE OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION HELD FOR EDUCATIONAL AND FELLOWSHIP PURPOSES.
LEGAL DEFENSE FUND PROVIDES FOR THE PROTECTION OF THE INDUSTRY. PROMOTE POLICIES THAT IMPROVE THE ECONOMIC AND BUSINESS CONDITIONS FOR THE OVERALL ECONOMY AND THE RETAIL AUTOMOBILE INDUSTRY. PREVENT UNFAIR PRACTICES IN THE MANUFACTURING AND DISTRIBUTION OF MOTOR VEHICLES IN THE STATE OF TEXAS. PRESERVE THE INTEGRITY OF THE NEW MOTOR VEHICLE FRANCHISE SYSTEM IN THE STATE OF TEXAS.
DEALER PERFORMANCE GROUP ALLOWS DEALERS OF SIMILAR SIZE, SALES VOLUME, AND STAFF WHO ARE IN NON-COMPETITIVE MARKETS THE OPPORTUNITY TO DISCUSS A VARIETY OF SALES, MARKETING AND MANAGEMENT TOPICS. OFTEN INDUSTRY EXPERTS ARE INVITED TO PROVIDE ADDITIONAL TRAINING.(DISCONTINUED 12/31/23).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Whitehurst President | Officer | 40 | $450,769 |
Karen Phillips Exc Vice Pre | Officer | 40 | $397,946 |
Albert Ploch V.P. Finance | Officer | 40 | $314,804 |
Chuck Price VP - Marketi | Officer | 40 | $249,722 |
Kate Mcgrath Dir. Of Legi | 40 | $225,949 | |
Rob Braziel Chief Legis | Officer | 40 | $348,189 |
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 | $894,605 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,605 |
| Total Program Service Revenue | $4,131,887 |
| Investment income | $321,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,237,459 |
| Net Rental Income | -$1,710 |
| Net Gain/Loss on Asset Sales | -$69,148 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,528,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,145 |
| 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. | $2,005,431 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $651,177 |
| Pension plan accruals and contributions | $65,117 |
| Other employee benefits | $64,670 |
| Payroll taxes | $121,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415,263 |
| Fees for services: Accounting | $28,200 |
| Fees for services: Lobbying | $120,555 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,259 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $119,206 |
| Information technology | $149,425 |
| Royalties | $0 |
| Occupancy | $182,614 |
| Travel | $1,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,090 |
| Insurance | $11,829 |
| All other expenses | $70,387 |
| Total functional expenses | $5,426,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,936 |
| Savings and temporary cash investments | $2,332,239 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,026,809 |
| 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 | $48,846 |
| Net Land, buildings, and equipment | $6,600 |
| Investments—publicly traded securities | $9,751,665 |
| Investments—other securities | $1,275,518 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,437 |
| Total assets | $14,637,050 |
| Accounts payable and accrued expenses | $106,464 |
| Grants payable | $0 |
| Deferred revenue | $1,827,285 |
| 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 | $2,437 |
| Total liabilities | $1,936,186 |
| Net assets without donor restrictions | $11,149,915 |
| Net assets with donor restrictions | $1,550,949 |
| 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 | $14,637,050 |
Grants Awarded
Over the last fiscal year, Texas Automobile Dealers Association has awarded $113,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NADA FOUNDATION PURPOSE: EMERGENCY RELIEF FUND | $81,000 |
TEXAS NATIONAL GUARD FAMILY SUPPORT FOUNDATION PURPOSE: SPONSORSHIP | $6,000 |
CHAMPIONS OFF THE FIELD PURPOSE: GENERAL SUPPORT | $6,000 |
CHILDREN'S MEDICAL CENTER FOUNDATION OF CENTRAL TEXAS PURPOSE: GENERAL SUPPORT | $10,000 |
EASTER SEALS OF GREATER HOUSTON INC PURPOSE: GENERAL SUPPORT | $10,000 |