National Auto Auction Association Inc
- Assets
- $4.5m
- Revenue
- $4.4m
- Investments
- $1.0k
- Employees
- 10
- Location
- Frederick, MD
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 84-6045987
Organization Overview
National Auto Auction Association Inc is located in Frederick, MD. The organization was established in 1967. 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 12/2022, National Auto Auction Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Auto Auction Association 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, National Auto Auction Association Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. While expenses have increased by 5.4% 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
THE NATIONAL AUTO AUCTION ASSOCIATION PROVIDES A UNIFIED VOICE FOR THE AUTO AUCTION INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETINGTO PROVIDE FORUM AND NETWORKING FOR MEMBERS AND THOSE INTERESTED IN THE WHOLESALE AUTO AUCTION INDUSTRY.
MEMBERSHIP SERVICESNATIONAL AUTO AUCTION ASSOCIATION MEMBER SERVICES INCLUDE A WIDE RANGE OF EDUCATIONAL OFFERINGS, INCLUDING TRAINING, INDUSTRY STANDARDS AND CERTIFICATION; PUBLIC RELATIONS, INDUSTRY AND GOVERNMENT REPRESENTATION. THE ASSOCIATION ALSO PROVIDES A SPRING BUSINESS MEETING/ANNUAL CONVENTION AND EXPOSITION AND EDUCATIONAL TRAINING SEMINARS. NATIONAL AUTO AUCTION ASSOCIATION SERVICES CORPORATION, A SEPARATE REVENUE PRODUCING CORPORATION ALSO BENEFITS MEMBERS. THE ORGANIZATION ALSO PRINTS A MEMBERSHIP DIRECTORY TO FACILITATE COMMUNICATION WITH MEMBERS AND ALLOW NON-MEMBERS TO CONTACT MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Charles Nichols Chair Of The Board | OfficerTrustee | 5 | $0 |
Charlotte Pyle Secretary | OfficerTrustee | 1 | $0 |
Doug Shore Treasurer | OfficerTrustee | 1 | $0 |
Garrison Hudkins President | OfficerTrustee | 1 | $0 |
Eric Autenrieth President-Elect | OfficerTrustee | 1 | $0 |
Mike Browning Executive Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Accounting | 12/30/22 | $131,834 |
Miles And Stockbridge Pc Legal | 12/30/22 | $265,907 |
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 | $488,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,462 |
| Total Program Service Revenue | $1,091,050 |
| Investment income | $1,930,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $425,623 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,410,054 |
| 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. | $755,722 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,661 |
| Pension plan accruals and contributions | $92,424 |
| Other employee benefits | $144,902 |
| Payroll taxes | $77,785 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $418,284 |
| Fees for services: Accounting | $297,416 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,973 |
| Fees for services: Other | $165,104 |
| Advertising and promotion | $119,065 |
| Office expenses | $222,106 |
| Information technology | $66,502 |
| Royalties | $0 |
| Occupancy | $105,534 |
| Travel | $324,758 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $963,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,851 |
| Insurance | $34,670 |
| All other expenses | $695 |
| Total functional expenses | $4,466,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024,832 |
| Savings and temporary cash investments | $56,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,905 |
| 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 | $128,881 |
| Net Land, buildings, and equipment | $131,011 |
| Investments—publicly traded securities | $2,172,781 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $957,508 |
| Total assets | $4,546,285 |
| Accounts payable and accrued expenses | $728,448 |
| Grants payable | $0 |
| Deferred revenue | $149,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $315,743 |
| 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 | $825,544 |
| Total liabilities | $2,019,635 |
| Net assets without donor restrictions | $2,526,650 |
| 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 | $4,546,285 |