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← NADA FOUNDATION

Form 990 for tax year 2023

Filed by NADA FOUNDATION.

Totals

Total revenue
$439,028
Total expenses
$438,430
Contributions and grants received
$759,785
Grants paid
$279,499
Program service revenue
$0
Investment income
-$320,757
Other revenue
$0
Total assets, end of year
$19,216,040
Total liabilities, end of year
$33,534
Net assets or fund balances, end of year
$19,182,506
Program services expenses (Part IX)
$326,988
Management and general expenses
$83,393
Fundraising expenses
$28,049
Program service expenses (Part III)
$326,988

Program services were 74.6% 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

    $759,785

  • 3 · Investment income

    total $302,438 · excluded $302,438

  • 7a · Gross sales of assets other than inventory

    securities $1,866,074

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

    securities $2,489,269

  • 7c · Gain or loss

    securities -$623,195

  • 7d · Net gain or loss

    total -$623,195 · excluded -$623,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $253,330 · program services $253,330

  • 2 · Grants to domestic individuals

    total $26,169 · program services $26,169

  • 11c · Fees: accounting

    total $21,500 · program services $4,300 · management and general $12,900 · fundraising $4,300

  • 11f · Fees: investment management

    total $59,569 · program services $11,914 · management and general $35,741 · fundraising $11,914

  • 11g · Fees: other

    total $15,000 · program services $15,000

  • 13 · Office expenses

    total $9,805 · program services $1,961 · management and general $5,883 · fundraising $1,961

  • 17 · Travel

    total $25,294 · program services $8,811 · management and general $12,362 · fundraising $4,121

  • 19 · Conferences, conventions and meetings

    total $22,799 · program services $4,560 · management and general $13,679 · fundraising $4,560

  • 20 · Interest

    total $4,714 · program services $943 · management and general $2,828 · fundraising $943

  • 24a · Other expenses: Bad Debt

    total $250 · fundraising $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $654,960 · end of year $1,099,208

  • 3 · Pledges and grants receivable

    beginning of year $250

  • 5 · Loans and receivables from officers and key people

    beginning of year $20,684 · end of year $35,893

  • 11 · Investments: publicly traded securities

    beginning of year $8,444,775 · end of year $8,704,374

  • 12 · Investments: other securities

    beginning of year $7,119,732 · end of year $9,376,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,986 · end of year $25,221

  • 19 · Deferred revenue

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

  • 27 · Net assets without donor restrictions

    beginning of year $14,815,569 · end of year $17,613,510

  • 28 · Net assets with donor restrictions

    beginning of year $1,388,533 · end of year $1,568,996

Mission and programs · 2023

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 $29,477 · Grants $26,169

  • The Foundations' Ambassador Program gives grants to worthy hospitals, organizations, schools, colleges, and universities. Also, the Foundation provides assistance to canine companions for independence and other worthy causes.

    Expenses $192,821 · Grants $168,330

  • The Foundation promotes workforce development in franchised new-car and -truck dealerships.

    Expenses $104,690 · Grants $85,000

As filed on the 2023 return.

Listed in Part VII

  • Annette Sykora

    Chairwoman

    Total calculated
    $0
    Hours/week
    5

  • Gary Gilchrist

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Brian Maas

    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

  • Jamie Auffenberg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Connelly

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kirt Frye

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wes Lutz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Geoffrey Pohanka

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rhett Ricart

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Paul Walser

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bill Willis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Collegio

    Executive Director

    Total calculated
    $709,948
    From this org
    $0
    From related orgs
    $641,667
    Other
    $68,281
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $515,290 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $26,377 related
    Deferred
    $0 + $22,822 related
    Nontaxable benefits
    $0 + $45,459 related
    Filer's total
    $0 + $709,948 related

  • Joe Cowden

    Assistant Treasurer

    Total calculated
    $585,849
    From this org
    $0
    From related orgs
    $527,496
    Other
    $58,353
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,794 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $34,702 related
    Deferred
    $0 + $23,419 related
    Nontaxable benefits
    $0 + $34,934 related
    Filer's total
    $0 + $585,849 related

  • Andy Koblenz

    Assistant Secretary

    Total calculated
    $1,012,508
    From this org
    $0
    From related orgs
    $953,148
    Other
    $59,360
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,894 related
    Bonus
    $0 + $250,000 related
    Other
    $0 + $28,254 related
    Deferred
    $0 + $16,341 related
    Nontaxable benefits
    $0 + $43,019 related
    Filer's total
    $0 + $1,012,508 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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202433059349302578

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