Autonomous Vehicle Industry Association
- Assets
- $2.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 81-3117705
Organization Overview
Autonomous Vehicle Industry Association is located in Washington, DC. 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, Autonomous Vehicle Industry Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Autonomous Vehicle Industry 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, Autonomous Vehicle Industry Association generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 34.9% per year over the past 3 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 ADVOCATE FOR THE SAFE AND TIMELY DEPLOYMENT OF AUTONOMOUS DRIVING TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE U.S. DEPARTMENT OF TRANSPORTATION HAS PROJECTED THAT AVS COULD SIGNIFICANTLY REDUCE THE SEVERITY AND FREQUENCY OF CRASHES AND FATALITIES. ACCORDING TO THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION (NHTSA), NEARLY 43,000 LIVES WERE LOST ON U.S. ROADS IN 2021. THOUSANDS OF ROAD ACCIDENTS ARE CAUSED BY HUMAN ERROR, INCLUDING DRUNK, RECKLESS AND DISTRACTED DRIVING. THE AUTONOMOUS VEHICLE INDUSTRY ASSOCIATION WORKS WITH LAWMAKERS, REGULATORS, AND THE PUBLIC TO REALIZE THE SAFETY AND SOCIETAL BENEFITS OF AUTONOMOUS VEHICLES AVS. THE ASSOCIATION IS COMPRISED OF COMPANIES WITH TECHNICAL EXPERTISE AND EXPERIENCE IN THE TECHNOLOGY, AUTOMOBILE, AND TRANSPORTATION NETWORK SECTORS. BRINGING TOGETHER THEIR VARIOUS BACKGROUNDS, THE COMPANIES FORMED THE ASSOCIATION TO ADVANCE AVS' TREMENDOUS SAFETY, MOBILITY AND ECONOMIC BENEFITS TO CONSUMERS IN THE SAFEST AND SWIFTEST MANNER POSSIBLE. AV TECHNOLOGY HAS THE GREAT POTENTIAL TO IMPROVE PUBLIC SAFETY AND MOBILITY FOR THE ELDERLY AND DISABLED, REDUCE TRAFFIC CONGESTION, IMPROVE ENVIRONMENTAL QUALITY, ADDRESS INEQUITY, BOOST SUPPLY CHAINS, CREATE JOBS AND ADVANCE TRANSPORTATION EFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Farrah CEO | Officer | 40 | $430,329 |
David Quinalty Director | OfficerTrustee | 1 | $0 |
Katherine Yehl Director | Trustee | 1 | $0 |
Melissa Froelich Treasurer | OfficerTrustee | 1 | $0 |
Tony Reinhart Chairman | Trustee | 1 | $0 |
Sam Wempe Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Black Rock Group Llc Communications | 12/30/23 | $240,103 |
Venable Llp Legal & Lobbying Services | 12/30/23 | $916,312 |
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 | $2,205,492 |
| Investment income | $0 |
| 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 | $2,205,492 |
| 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. | $430,329 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,466 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $636,484 |
| Fees for services: Accounting | $17,126 |
| Fees for services: Lobbying | $553,135 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,253 |
| Advertising and promotion | $241,863 |
| Office expenses | $3,271 |
| Information technology | $16,820 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,233 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,948 |
| All other expenses | $0 |
| Total functional expenses | $2,006,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,616,333 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,415,954 |
| Accounts payable and accrued expenses | $130,338 |
| Grants payable | $0 |
| Deferred revenue | $1,648,750 |
| 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 | $313 |
| Total liabilities | $1,779,401 |
| Net assets without donor restrictions | $636,553 |
| 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 | $2,415,954 |