Form 990 for tax year 2022
Filed by USED CAR DEALERS OF COLORADO CHARITY FUND INC.
Totals
- Total revenue
- $240,815
- Total expenses
- $299,519
- Contributions and grants received
- $314,271
- Grants paid
- $284,102
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$73,456
- Total assets, end of year
- $1,573,706
- Total liabilities, end of year
- $9,389
- Net assets or fund balances, end of year
- $1,564,317
- Program services expenses (Part IX)
- $284,102
- Management and general expenses
- $15,417
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $284,102
Program services were 94.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$314,271
-
1g · Noncash contributions included above
$89,163
-
6a · Gross rents
real property $38,442
-
6b · Less rental expenses
real property $81,530
-
6c · Rental income or loss
real property -$43,088
-
6d · Net rental income or loss
total -$43,088 · excluded -$43,088
-
8a · Fundraising events: gross income
$173,252
-
8a · Fundraising events: contributions included on line 1c
$314,271
-
8b · Fundraising events: direct expenses
$203,620
-
8c · Net income from fundraising events
total -$30,368 · excluded -$30,368
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $235,602 · program services $235,602
-
2 · Grants to domestic individuals
total $48,500 · program services $48,500
-
11c · Fees: accounting
total $3,080 · management and general $3,080
-
11g · Fees: other
total $20 · management and general $20
-
12 · Advertising and promotion
total $2,771 · management and general $2,771
-
13 · Office expenses
total $8 · management and general $8
-
14 · Information technology
total $213 · management and general $213
-
17 · Travel
total $18 · management and general $18
-
19 · Conferences, conventions and meetings
total $2,696 · management and general $2,696
-
24a · Other expenses: BANK SERVICE CHARGES
total $6,611 · management and general $6,611
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $548,956 · end of year $486,493
-
4 · Accounts receivable
beginning of year $3,378 · end of year $5,873
-
10a · Land, buildings and equipment: cost or other basis
$1,158,554
-
10b · Land, buildings and equipment: accumulated depreciation
$77,214
-
10c · Land, buildings and equipment, net
beginning of year $1,102,255 · end of year $1,081,340
-
25 · Other liabilities
beginning of year $10,878 · end of year $9,389
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,643,711 · end of year $1,564,317
Mission and programs · 2022
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER I.R.C. SECTION 501(C)(3). THE CORPORATION'S PURPOSE IS TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.
Activities or mission (Part I)
TO REPRESENT THE GOODWILL OF INDEPENDENT USED CAR DEALERS TO HELP ALL COLORADO COMMUNITIES WITH AID, SCHOLARSHIPS AND SUPPORT IN ORDER TO MAKE A POSITIVE DIFFERENCE WITH FAMILIES OF COLORADO.
-
SEVEN SCHOLARSHIPS OF $2,500 EACH AND ONE SCHOLARHSIP OF $5,000 PAID TO RECIPIENTS ATTENDING THE UNIVERSITY OF COLORADO, BROWN UNIVERSITY, RMCAD, ARAPAHOE COMMUNITY COLLEGE, GRAND CANYON UNIVERSITY, THE UNIVERSITY OF TEXAS AT TYLER, AND METROPOLITAN STATE UNIVERSITY.
Expenses $22,500 · Grants $22,500
-
CASH DONATIONS TO COLORADO BASED 501(C)(3) ENTITIES
Expenses $235,602 · Grants $235,602
-
CASH DONATIONS TO INDIVIDUALS.
Expenses $26,000 · Grants $26,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John LindbergJOHN LINDBERG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Stan MartinSTAN MARTIN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Bart BarnettBART BARNETT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Mark WeidaMARK WEIDA
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Mike WidhalmMIKE WIDHALM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Ajet ZalliAJET ZALLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Teshome TesfayeTESHOME TESFAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Michele NoblittMICHELE NOBLITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
Mike WhistanceMIKE WHISTANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
David CardellaDAVID CARDELLA
CEO
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$135,895
GENERAL CONTRIBUTION
-
$76,000
GENERAL CONTRIBUTION
-
$10,000
GENERAL CONTRIBUTION
-
$5,000
GENERAL CONTRIBUTION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO
501(C)(6) · NONPROFIT MEMBERSHIP ORGANIZATION · CO
Directly controlled by INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349322756
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