North American Car Of The Year Corporation
- Assets
- $204.7k
- Revenue
- $155.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- Data as of
- 12/2022
- EIN
- 81-3797373
Organization Overview
North American Car Of The Year Corporation is located in Lansing, MI. North American Car Of The Year Corporation 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, North American Car Of The Year Corporation generated $155.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $223.5k during the year ending 12/2022. 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 PURPOSE IS TO PROVIDE THE BUYING PUBLIC WITH AN INFORMED CONSENSUS OPINION, CONGREGATED FROM 50 OR MORE JOURNALISTS FROM THE TOP AUTOMOTIVE PUBLICATIONS IN THE U.S. AND CANADA, TO HELP CONSUMERS MAKE WISE BUYING DECISIONS FOR THE NEWEST CAR, TRUCK, AND UTILITY VEHICLE RELEASED EACH YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVE IS TO HELP BUYERS DETERMINE WHICH ARE THE BEST NEW CAR, TRUCK AND SPORT UTILITY VEHICLE OF EACH YEAR.
GROW THE REACH OF OUR AWARDS SO MORE BUYERS WILL KNOW TO TRUST THE RESULTS AND MAKE BUYING DECISIONS BASED ON THEM. THIS IS DONE THROUGH SOCIAL MEDIA, PRESS RELEASES, AND THE AWARDS CEREMONY FOR THE ANNUAL NORTH AMERICAN CAR OF THE YEAR, TRUCK OF THE YEAR AND SPORT UTILITY VEHICLE OF THE YEAR. A PRESS RELEASE FOR THE AWARDS CEREMONY IS PICKED UP BY MORE THAN 100 MEDIA OUTLETS, AND THEY RUN STORIES REACHING POTENTIALLY MILLIONS OF PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Gilbert President | OfficerTrustee | 10 | $0 |
Jack Nerad Vice President | OfficerTrustee | 10 | $0 |
Greg Migliore Treasurer | OfficerTrustee | 10 | $0 |
Nicole Wakelin Secretary | OfficerTrustee | 10 | $0 |
John Davis Membership Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,650 |
| 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 | $7,650 |
| Total Program Service Revenue | $150,000 |
| 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 | -$2,097 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $155,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,198 |
| Fees for services: Accounting | $2,492 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,614 |
| Advertising and promotion | $64,611 |
| Office expenses | $561 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,623 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,429 |
| All other expenses | $0 |
| Total functional expenses | $223,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,523 |
| 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 | $2,200 |
| 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 | $204,723 |
| 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 | $0 |
| 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 | $204,723 |
| Total liabilities and net assets/fund balances | $204,723 |
Grants Awarded
Over the last fiscal year, North American Car Of The Year Corporation has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEBBLE BEACH COMPANY FOUNDATION PURPOSE: TO PROMOTE OPPORTUNITIES FOR TEH YOUTH OF MONTEREY COUNTY BY PROVIDING SUPPORT FOR TEH ARTS, ATHLETICS, SCIENCES, EDUCATIONAL ORGANIZATIONS AND COMMUNITY PROGRAMS. | $10,000 |
ST JUDE CHILDREN'S HOSPITAL INC PURPOSE: ADVANCE CURES, AND MEANS OF PREVENTION, FOR PEDIATRIC CATASTROPHIC DISEASES THROUGH RESEARCH AND TREATMENT. | $10,000 |