Madison Automotive Apprentices Inc is located in Harrisonburg, VA. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Automotive Apprentices Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Madison Automotive Apprentices Inc generated $186.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $219.3k during the year ending 12/2022. While expenses have increased by 15.6% 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
TO SHARE THE LOVE OF THE AUTOMOBILE WITH THE NEXT GENERATION, TO PROVIDE EDUCATIONAL AND BRIDGING OPPORTUNITIES FOR AUTOMOTIVE RESTORATION/PRESERVATION AND MOTORSPORT EXPERIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON AUTOMOTIVE APPRENTICES OFFERED A "FOR-CREDIT" COURSE DURING THE JMU MAYMESTER SESSION '22 FOR DEGREE SEEKING STUDENTS THROUGH THE COLLEGE OF INTEGRATED SCIENCE AND ENGINEERING AT JAMES MADISON UNIVERSITY. THE TOPIC WAS ANALYSIS OF AUTOMOTIVE SYSTEMS APPLICABLE TO MOTORSPORT AND HISTORIC AUTOMOTIVE RESTORATION AND 5 STUDENTS SIGNED UP FOR THE CLASS. THIS CLASS WAS FUNDED BY MAAP TO FEATURE EXPERTISE FROM BUSINESS, ENGINEERING, AND THE HUMANITIES/SOCIAL SCIENCES PRIMARILY FOR THOSE INTERESTED IN MOTORSPORT AND AUTOMOTIVE RESTORATION CAREERS. SUCCESSFUL CERTIFICATE COURSE STUDENTS ALSO INTEGRATED HEAD-AND-HAND EXPERIENCE WITHIN BUSINESS, ENGINEERING, AND HISTORICAL CONTEXTS TO PREPARE FOR PROFESSIONAL OPPORTUNITIES AVAILABLE IN THE AUTOMOTIVE FIELD.
FEE FOR SERVICE AUTOMOTIVE RESTORATION ACTIVITY CONTINUES TO BRING IN REVENUE FOR MAAP, AS WE PROVIDE RESTORATION SERVICES FOR BOTH COMPONENT AND OVERALL VEHICLE RESTORATION SERVICES. THIS YEAR MAAP COMPLETED A MULTI-YEAR RESTORATION ON A 1959 PORSCHE 356A, RESTORATION SERVICES CONTINUE TO BE SIGNIFICANT AS THE RESTORATION FEE FOR SERVICE INCOME GENERATED 27% OF OUR TOTAL WORKSHOP REVENUE FOR 2022. SERVICES ARE BILLED TO CLIENTS WILLING TO LET STUDENTS PERFORM THESE SERVICES WHILE SUPERVISED BY THE EXECUTIVE DIRECTOR IN THE MAAP WORKSHOP, WHICH IS ALSO USED AS TRAINING FOR STUDENT EMPLOYEES, INTERNS AND VOLUNTEERS. THESE STUDENT-LED SERVICES INCLUDE DISASSEMBLY AND PREPARATION OF VINTAGE VEHICLES USING PROGRAM MANAGEMENT PRINCIPLES, RESTORATION OF COMPONENT PARTS, OVERSIGHT OF OUTSIDE VENDORS (FOR EXAMPLE THE RE-CHROMING AND PLATING OF COMPONENT PARTS) AND FINAL ASSEMBLY OF THE AUTOMOBILE.
FEE FOR SERVICE MOTORSPORT ACTIVITY INCLUDES DYNAMIC CHASSIS MEASUREMENT AND ADJUSTMENT, PREPARATION AND SUPPORT ACTIVITIES FOR MOTORSPORT VEHICLES AND GENERAL ENGINEERING ASSESSMENTS FOR IMPROVING PERFORMANCE. THESE ACTIVITIES PROVIDED 73% OF WORKSHOP REVENUE FOR MAAP, MOSTLY THROUGH A CONTRACT WITH INTERNATIONAL MOTORSPORT ASSOCIATION (IMSA) TEAM JDC-MILLER MOTORSPORTS. THESE ACTIVITIES ARE SUPERVISED BY THE EXECUTIVE DIRECTOR COLE SCROGHAM WHO IS ALSO AN ACCOMPLISHED MOTORSPORT ENGINEER. A HIGHLIGHT FOR MAAP STUDENTS WAS ACTUALLY BEING ABLE TO PARTICIPATE IN AN IMSA RACING SEASON WITHIN THE MICHELIN PILOT RACING SERIES IN SUPPORT OF THE TEAM'S AUDI RS3 TOURING CAR, FINISHING WITH 3 SEASON WINSAND 3RD IN THE IMSA MICHELIN PILOT SERIES TCR CHAMPIONSHIP. STUDENTS LEARN THE ENGINEERING PROCESS, DATA ACQUISITION TECHNIQUES AND OVERALL WORKFLOW FOR A MOTORSPORT EVENT BY ACTUALLY PARTICIPATING AT THE EVENT, WHICH PROVIDES THEM WITH A UNIQUE PERSPECTIVE ON THEIR FUTURE INVOLVEMENT IN THE SPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Cole Scrogham Executive Director | OfficerTrustee | 40 | $50,000 |
Teresa Hangar Vice President | OfficerTrustee | 5 | $0 |
Alan Landes Treasurer | OfficerTrustee | 2 | $0 |
Kevin Borg Board Member | Trustee | 10 | $0 |
Danny Marshall Board Member | Trustee | 2 | $0 |
Bill Wyatt Board Member | Trustee | 2 | $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 | $107,893 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $107,893 |
Total Program Service Revenue | $79,966 |
Investment income | $6,569 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$8,293 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $186,135 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,750 |
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. | $74,671 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $42,479 |
Advertising and promotion | $10,239 |
Office expenses | -$215 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $13,572 |
Travel | $21,638 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,556 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,948 |
Insurance | $3,300 |
All other expenses | $0 |
Total functional expenses | $219,261 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $153,021 |
Savings and temporary cash investments | $226,270 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,000 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $81 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $16,172 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $397,544 |
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 | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $397,544 |
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 | $397,544 |