Dealer Forum Resources Inc
- Assets
- $1.5m
- Revenue
- $746.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-4917022
Organization Overview
Dealer Forum Resources Inc is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dealer Forum Resources Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Dealer Forum Resources Inc generated $746.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $749.8k during the year ending 12/2023. 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
THE CORPORATION IS ORGANIZED FOR THE PURPOSE OF PROMOTING THE COMMON INTERESTS OF ITS MEMBERS; TO PROVIDE RESEARCH, STUDY, EXAMINATION, AND GUIDANCE TO THE BMW NATIONAL DEALER FORUM (THE FORUM); TO AID THE FORUM IN ITS CONSULTATION WITH THE MANAGEMENT OF BMW OF NORTH AMERICA, LLC (BMW NA) ON ISSUES AFFECTING DEALER OPERATIONS AND TO REVIEW AND DISCUSS PROPOSED REQUIREMENTS AND PROCESSES AFFECTING THE DEALER NETWORK; TO PROMOTE AND IMPROVE THE FORUMS REPRESENTATION, INTERACTION, AND RELATIONSHIP WITH BMW NA; TO TAKE ALL OTHER APPROPRIATE ACTION IN FURTHERANCE OF SUCH PURPOSES; AND CONSISTENT WITH THE ABOVE, TO EXERCISE ALL POWERS AVAILABLE TO NONSTOCK CORPORATIONS ORGANIZED PURSUANT TO THE DGCL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDS TO LOBBYISTS AND CONSULTANTS TO FURTHER THE MEMEBERS' INTEREST RELATED TO THE BMW NATIONAL DEALER FORUM AND BMW OF NORTH AMERICA, LLC ON ISSUES THAT MIGHT AFFECT DEALER OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Fields Officer | Trustee | $0 | |
Chris Kern Officer | Trustee | $0 | |
Ed Luckey Officer | Trustee | $0 | |
Eric Maas Officer | Trustee | $0 | |
Manfred Scharmach Officer | Trustee | $0 | |
Ed Mcgill Secretary/tr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $702,338 |
| 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 | $702,338 |
| Total Program Service Revenue | $0 |
| Investment income | $44,486 |
| 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 | $746,824 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,929 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $731,998 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,884 |
| All other expenses | $0 |
| Total functional expenses | $749,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $532,452 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $986,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,519,277 |
| 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 | $1,519,277 |
| 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 | $1,519,277 |