Colorado Automobile Dealers Association
- Assets
- $4.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Denver, CO
- Founding
- 03/1940
- Data as of
- 12/2023
- EIN
- 84-0368453
Organization Overview
Colorado Automobile Dealers Association is located in Denver, CO. The organization was established in 1940. 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, Colorado Automobile Dealers Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 12/2023, Colorado Automobile Dealers Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.9m 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 ASSOCIATION FACILITATES COMMUNICATION, ENCOURAGES SOUND BUSINESS PRACTICES, DEVELOPS CONSTRUCTIVE COMMUNITY AND GOVERNMENTAL RELATIONSHIPS AND PROMOTES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF A NEWSLETTER ON A PERIODIC BASIS FOR DISTRIBUTION TO APPROXIMATELY 400 MEMBERS AND 60 NON-MEMBERS.
REGIONAL MEETING HELD AT DIFFERENT LOCATIONS FOR THE BENEFIT OF MEMBERS TO EXCHANGE IDEAS, DISCUSS CURRENT MATTERS, AND DISCUSS INDUSTRY ISSUES.
ANNUAL MEETING FOR DEALER AND AFFILIATE MEMBERS TO ELECT OFFICERS AND DIRECTORS, DISCUSS CURRENT AND PROPOSED LEGISLATION, AND REVIEW THE YEAR'S ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Jackson President/ceo-Outgoing | Officer | 20 | $256,546 |
Matthew Groves President/ceo | Officer | 20 | $151,557 |
George Black Director District 1 | Trustee | 2 | $0 |
Mike Dellenbach Director District 2 | Trustee | 2 | $0 |
Anthony Banno Director District 3 | Trustee | 2 | $0 |
Jessica Zumbrun Director District 4 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brownstein Hyatt Farber Schrek Lobbying/legal | 12/30/23 | $106,074 |
Adpro Llc Advertising | 12/30/23 | $185,573 |
Old Town Media Marketing | 12/30/23 | $100,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,176,676 |
| 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 | $1,176,676 |
| Total Program Service Revenue | $22,839 |
| Investment income | $168,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $559,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,418,620 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,504 |
| 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. | $442,767 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,121 |
| Pension plan accruals and contributions | $32,491 |
| Other employee benefits | $3,859 |
| Payroll taxes | $44,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,416 |
| Fees for services: Accounting | $13,495 |
| Fees for services: Lobbying | $208,272 |
| Fees for services: Fundraising | $32,462 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,622 |
| Advertising and promotion | $97,126 |
| Office expenses | $122,093 |
| Information technology | $101,756 |
| Royalties | $0 |
| Occupancy | $169,723 |
| Travel | $20,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,371 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,863 |
| Insurance | $77,524 |
| All other expenses | $0 |
| Total functional expenses | $1,930,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $743,190 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $517,500 |
| 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 | $142,813 |
| Net Land, buildings, and equipment | $1,065,628 |
| Investments—publicly traded securities | $2,076,262 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,288 |
| Total assets | $4,619,681 |
| Accounts payable and accrued expenses | $172,005 |
| Grants payable | $0 |
| Deferred revenue | $99,533 |
| 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 | $10,104 |
| Total liabilities | $281,642 |
| Net assets without donor restrictions | $4,338,039 |
| 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 | $4,619,681 |