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Nonprofiteer
← NADA FOUNDATION

Form 990 for tax year 2024

Filed by NADA FOUNDATION.

Totals

Total revenue
$3,096,588
Total expenses
$812,059
Contributions and grants received
$1,020,532
Grants paid
$677,565
Program service revenue
$0
Investment income
$2,076,056
Other revenue
$0
Total assets, end of year
$22,447,416
Total liabilities, end of year
$31,599
Net assets or fund balances, end of year
$22,415,817
Program services expenses (Part IX)
$742,870
Management and general expenses
$21,770
Fundraising expenses
$47,419
Program service expenses (Part III)
$742,870

Program services were 91.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,020,532

  • 3 · Investment income

    total $334,526 · excluded $334,526

  • 7a · Gross sales of assets other than inventory

    securities $36,054,530

  • 7b · Less cost or other basis and sales expenses

    securities $34,313,000

  • 7c · Gain or loss

    securities $1,741,530

  • 7d · Net gain or loss

    total $1,741,530 · excluded $1,741,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $166,015 · program services $166,015

  • 2 · Grants to domestic individuals

    total $511,550 · program services $511,550

  • 11c · Fees: accounting

    total $22,150 · program services $13,290 · management and general $4,430 · fundraising $4,430

  • 11f · Fees: investment management

    total $40,594 · program services $24,356 · management and general $8,119 · fundraising $8,119

  • 12 · Advertising and promotion

    total $4,286 · fundraising $4,286

  • 13 · Office expenses

    total $15,754 · program services $9,452 · management and general $3,151 · fundraising $3,151

  • 17 · Travel

    total $23,605 · program services $13,502 · management and general $4,501 · fundraising $5,602

  • 19 · Conferences, conventions and meetings

    total $20,263 · fundraising $20,263

  • 20 · Interest

    total $7,842 · program services $4,705 · management and general $1,569 · fundraising $1,568

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,099,208 · end of year $14,144,529

  • 5 · Loans and receivables from officers and key people

    beginning of year $35,893 · end of year $33,312

  • 9 · Prepaid expenses and deferred charges

    end of year $310

  • 11 · Investments: publicly traded securities

    beginning of year $8,704,374 · end of year $8,269,265

  • 12 · Investments: other securities

    beginning of year $9,376,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,221 · end of year $23,286

  • 19 · Deferred revenue

    beginning of year $8,313 · end of year $8,313

  • 27 · Net assets without donor restrictions

    beginning of year $17,613,510 · end of year $20,849,609

  • 28 · Net assets with donor restrictions

    beginning of year $1,568,996 · end of year $1,566,208

Mission and programs · 2024

Mission

The NADA Foundation operates exclusively for charitable and educational purposes.

Activities or mission (Part I)

Operates exclusively for charitable and educational purposes.

  • The Foundation provides emergency relief for dealership employees impacted by disasters.

    Expenses $518,510 · Grants $511,550

  • The Foundation promotes workforce development in franchised new-car and -truck dealerships. Also, the Foundation provides assistance to canine companions for independence and other worthy causes.

    Expenses $191,977 · Grants $166,015

  • The Foundations' Ambassador Program gives grants to worthy hospitals, organizations, schools, colleges, and universities.

    Expenses $32,383

As filed on the 2024 return.

Listed in Part VII

  • Annette Sykora

    Chairwoman

    Total calculated
    $0
    Hours/week
    5

  • Gary Gilchrist

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • John Devlin

    ATAE/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Don Hicks

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Sandra Angelo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Trace Beck

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tom Castriota

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mike DeSilva

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kirt Frye

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joe Massarelli

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bobby Sight

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bob Vail

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Collegio

    Executive Director (till Nov)

    Total calculated
    $694,710
    From this org
    $0
    From related orgs
    $646,756
    Other
    $47,954
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,012 related
    Bonus
    $0
    Other
    $0 + $328,744 related
    Deferred
    $0 + $21,653 related
    Nontaxable benefits
    $0 + $26,301 related
    Filer's total
    $0 + $694,710 related

  • Joe Cowden

    Assistant Treasurer (till Nov)

    Total calculated
    $655,604
    From this org
    $0
    From related orgs
    $595,844
    Other
    $59,760
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $467,594 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $28,250 related
    Deferred
    $0 + $24,834 related
    Nontaxable benefits
    $0 + $34,926 related
    Filer's total
    $0 + $655,604 related

  • Andrew Koblenz

    Asst Treasurer(Jan-Nov)/Exec Dir(Dec)

    Total calculated
    $919,665
    From this org
    $0
    From related orgs
    $856,748
    Other
    $62,917
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,744 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $32,004 related
    Deferred
    $0 + $19,748 related
    Nontaxable benefits
    $0 + $43,169 related
    Filer's total
    $0 + $919,665 related

  • Stephen R Pugh

    Assistant Treasurer (from Dec)

    Total calculated
    $84,152
    From this org
    $0
    From related orgs
    $74,297
    Other
    $9,855
    Hours/week
    1 + 40 related

  • James C Minnis

    Assistant Secretary (from Dec)

    Total calculated
    $621,948
    From this org
    $0
    From related orgs
    $557,806
    Other
    $64,142
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $492,944 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $14,862 related
    Deferred
    $0 + $25,508 related
    Nontaxable benefits
    $0 + $38,634 related
    Filer's total
    $0 + $621,948 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
Air fare that is directly related to foundation business as outlined in the company's travel policy. All board travel submitted for reimbursement is required to include the appropriate supporting documentation. Per IRS guidelines, a form 1099 will be issued when required. The foundation also advises its board members to have a tax professional review any payments from the foundation so they can be treated properly under the IRS code.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533159349300343

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