Albuquerque New Car & Truck Dealers Assn
- Assets
- $615.9k
- Revenue
- $102.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/1959
- Data as of
- 12/2021
- EIN
- 85-6009191
Organization Overview
Albuquerque New Car & Truck Dealers Assn is located in Albuquerque, NM. The organization was established in 1959. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque New Car & Truck Dealers Assn 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 12/2021, Albuquerque New Car & Truck Dealers Assn generated $102.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $61.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AUTOMOTIVE DEALER TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES COMMUNICATION OF AUTO DEALER VIEWS TO LOCAL GOVERNING BODIES.
MAKE CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS ON BEHALF OF AUTO DEALERS AND AWARD SCHOLARSHIPS TO HIGH-SCHOOL STUDENTS WITH PERFECT ATTENDANCE. HOWEVER, FOR 2020 AND 2021 THE PERFECT ATTENDANCE SCHOLARSHIPS WERE SUSPENDED DUE TO COVID-19 GOVERNMENT MANDATED CHANGES FOR ALBUQUERQUE PUBLIC SCHOOLS.
ASSIST DEALERS WITH VARIOUS LEGAL AND REGULATORY MATTERS OF GENERAL INTEREST TO ALBUQUERQUE AUTO DEALERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Henson Outgoing Executive Director | Officer | 2 | $8,295 |
Patsi Hubbard CFO | Officer | 2 | $8,125 |
Kenneth Ortiz Executive Director | Officer | 2 | $5,250 |
Ryon Bornemeier President | OfficerTrustee | 2 | $0 |
Travis Edens Secretary/treasurer | OfficerTrustee | 2 | $0 |
Derek Kulach Immediate Past President | OfficerTrustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,500 |
| Investment income | $16,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,651 |
| 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. | $27,405 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,092 |
| Pension plan accruals and contributions | $972 |
| Other employee benefits | $1,160 |
| Payroll taxes | $2,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,379 |
| Fees for services: Other | $1,391 |
| Advertising and promotion | $0 |
| Office expenses | $4,809 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,117 |
| Travel | $1,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,571 |
| Insurance | $1,731 |
| All other expenses | $0 |
| Total functional expenses | $61,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,442 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,750 |
| 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 | $0 |
| Investments—publicly traded securities | $592,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $615,898 |
| Accounts payable and accrued expenses | $7,596 |
| 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 | $7,596 |
| Net assets without donor restrictions | $608,302 |
| 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 | $615,898 |