Mississippi Automobile Dealers Association
- Assets
- $2.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Jackson, MS
- Founding
- 09/1943
- Data as of
- 12/2021
- EIN
- 64-0350026
Organization Overview
Mississippi Automobile Dealers Association is located in Jackson, MS. The organization was established in 1943. 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 12/2021, Mississippi Automobile Dealers Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi 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 12/2021, Mississippi Automobile Dealers Association generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $644.0k during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AMONG ITS MEMBERS AN UNDERSTANDING OF CURRENT ISSUES AND TO EDUCATE ITS MEMBERS AND TO ADVOCATE, PROMOTE & PROTECT FRANCHISED AUTOMOBILE DEALERS IN MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ATTEMPTS TO FOSTER AN UNDERSTANDING OF CURRENT ISSUES IN THE AUTOMOBILE INDUSTRY THROUGH ITS VARIOUS PUBLICATIONS WHICH ARE MADE AVAILABLE TO ITS MEMBERS AND THE GENERAL PUBLIC. THE ORGANIZATION'S MISSION IS TO ADVOCATE, PROMOTE & PROTECT FRANCHISED AUTOMOBILE DEALERS IN MISSISSIPPI.
THE ORGANIZATION FOSTERS AN UNDERSTANDING OF CURRENT ISSUES IN THE INDUSTRY AND EDUCATES THE PUBLIC THROUGH VARIOUS PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Joe Cannon Nada Directo | OfficerTrustee | 2 | $0 |
Bill Griffis Imm. Past Ch | OfficerTrustee | 2 | $0 |
Jeff Field Chairman-Ele | OfficerTrustee | 2 | $0 |
Jm Milstead President | OfficerTrustee | 40 | $0 |
Trudy Moody Secretary-Tr | OfficerTrustee | 2 | $0 |
Jonathan Allen Chairman | 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 | $856,005 |
| Investment income | $159,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,121 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,782 |
| Pension plan accruals and contributions | $22,778 |
| Other employee benefits | $32,234 |
| Payroll taxes | $14,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,859 |
| Fees for services: Accounting | $12,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,252 |
| Information technology | $1,290 |
| Royalties | $0 |
| Occupancy | $24,283 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,363 |
| Insurance | $5,838 |
| All other expenses | $17,354 |
| Total functional expenses | $644,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,805 |
| Net Land, buildings, and equipment | $49,054 |
| Investments—publicly traded securities | $1,884,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $2,115,307 |
| 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 | $40,607 |
| Total liabilities | $40,607 |
| Net assets without donor restrictions | $2,074,700 |
| 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 | $2,115,307 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Nashville Downtown Partnership Inc Nashville, TN | $5,610,530 | $12,726,748 |
National Cotton Council Of America Cordova, TN | $27,244,437 | $12,698,051 |
Radio Music License Committee Brentwood, TN | $1,028,521 | $6,574,625 |
Nashville Area Chamber Of Commerce Nashville, TN | $10,414,739 | $9,196,086 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Memphis Area Chamber Of Commerce Memphis, TN | $3,591,167 | $6,894,505 |
Tennessee Bankers Association Incorporated Nashville, TN | $20,990,156 | $6,097,018 |