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← INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO

Form 990 for tax year 2023

Filed by INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO.

Totals

Total revenue
$1,003,579
Total expenses
$876,825
Contributions and grants received
$250,800
Grants paid
$1,600
Program service revenue
$221,544
Investment income
$28,698
Other revenue
$502,537
Total assets, end of year
$3,901,955
Total liabilities, end of year
$1,344,585
Net assets or fund balances, end of year
$2,557,370
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $250,800

  • 2a · Program service revenue: EDUCATION REVENUE

    total $194,632 · related or exempt $194,632

  • 2b · Program service revenue: PARTNER PROGRAM REBATE

    total $16,612 · unrelated business $16,612

  • 2c · Program service revenue: CALENDAR SPONSOR

    total $9,300 · unrelated business $9,300

  • 2d · Program service revenue: ADVERTISING ON WEBSITE

    total $1,000 · unrelated business $1,000

  • 3 · Investment income

    total $44,932 · excluded $44,932

  • 6a · Gross rents

    real property $330,831

  • 6b · Less rental expenses

    real property $354,817

  • 6c · Rental income or loss

    real property -$23,986

  • 6d · Net rental income or loss

    total -$23,986 · excluded -$23,986

  • 7a · Gross sales of assets other than inventory

    securities $273,658

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

    securities $289,892

  • 7c · Gain or loss

    securities -$16,234

  • 7d · Net gain or loss

    total -$16,234 · related or exempt -$16,234

  • 8a · Fundraising events: gross income

    $41,175

  • 8b · Fundraising events: direct expenses

    $27,366

  • 8c · Net income from fundraising events

    total $13,809 · excluded $13,809

  • 10a · Gross sales of inventory

    $753,633

  • 10b · Cost of goods sold

    $240,919

  • 10c · Net income from sales of inventory

    total $512,714 · related or exempt $512,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,600

  • 4 · Benefits paid to or for members

    total $117,493

  • 5 · Compensation of officers, directors and key employees

    total $214,436

  • 7 · Other salaries and wages

    total $191,121

  • 8 · Pension plan contributions

    total $2,899

  • 9 · Other employee benefits

    total $28,615

  • 10 · Payroll taxes

    total $28,401

  • 11b · Fees: legal

    total $17,000

  • 11c · Fees: accounting

    total $9,458

  • 11d · Fees: lobbying

    total $40,132

  • 11f · Fees: investment management

    total $11,790

  • 11g · Fees: other

    total $15,599

  • 12 · Advertising and promotion

    total $18,183

  • 13 · Office expenses

    total $25,726

  • 14 · Information technology

    total $14,529

  • 16 · Occupancy

    total $56,440

  • 17 · Travel

    total $20,271

  • 19 · Conferences, conventions and meetings

    total $14,291

  • 22 · Depreciation, depletion and amortization

    total $1,773

  • 23 · Insurance

    total -$65

  • 24a · Other expenses: UBIT

    total $4,000

  • 24b · Other expenses: BANK CHARGES

    total $27,210

  • 24c · Other expenses: AUTO EXPENSE

    total $8,654

  • 24d · Other expenses: POSTAGE

    total $6,145

  • 24e · All other expenses

    total $1,124

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $320,431 · end of year $354,180

  • 2 · Savings and temporary cash investments

    beginning of year $115,569 · end of year $31,220

  • 4 · Accounts receivable

    beginning of year $141,467 · end of year $148,432

  • 8 · Inventories for sale or use

    beginning of year $56,469 · end of year $40,037

  • 10a · Land, buildings and equipment: cost or other basis

    $2,116,693

  • 10b · Land, buildings and equipment: accumulated depreciation

    $173,194

  • 10c · Land, buildings and equipment, net

    beginning of year $1,928,978 · end of year $1,943,499

  • 11 · Investments: publicly traded securities

    beginning of year $1,095,547 · end of year $1,368,085

  • 14 · Intangible assets

    beginning of year $14,278 · end of year $13,682

  • 15 · Other assets

    beginning of year $2,770 · end of year $2,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,124 · end of year $6,814

  • 23 · Secured mortgages and notes payable

    beginning of year $1,174,797 · end of year $1,171,985

  • 25 · Other liabilities

    beginning of year $126,285 · end of year $165,786

  • 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 $2,369,303 · end of year $2,557,370

Mission and programs · 2023

Mission

ADVOCATE FOR INDEPENDENT AUTOMOBILE DEALERS IN COLORADO.

Activities or mission (Part I)

ADVOCATE FOR INDEPENDENT AUTOMOBILE DEALERS IN COLORADO

  • SALES OF STATE OF COLORADO SECURED FORMS AND BONDS REQUIRED TO BE USED IN AUTOMOBILE SALES TRANSACTIONS. SALES OF FORMS ARE TO ALL LICENSED AUTOMOBILE DEALERS REGARDLESS OF THE ASSOCIATION MEMBERSHIP STATUS OF THE DEALER ALTHOUGH MEMBERS GET A PRICE BREAK. SALES OF BONDS ARE LIMITED TO MEMBERS WITH THE OCCASIONAL EXCEPTION FOR SALESPERSON BONDS.

  • PROVIDE EDUCATION AND INFORMATION TO MEMBER AND NON-MEMBER DEALERS TO IMPROVE INTERACTION WITH THE PUBLIC, TO HALT FRAUD, TO SUPPORT TRUTH AND ACCURACY IN ADVERTISING, AND TO ADHERE TO AND HONOR GUARANTEES. ASSISTS DEALERS FROM THE INITIAL DEALER APPLICATION TO BECOMING A DEALER.

  • PROVIDE NEWS AND INFORMATION ABOUT THE AUTOMOBILE INDUSTRY THROUGH PUBLICATIONS FROM THE ORGANIZATION AND THE NATIONAL USED CAR DEALER ASSOCIATION AND MAINTAINING WEBSITE.

  • REPRESENT INDEPENDENT AUTOMOBILE DEALERS BEFORE STATE REGULATORY AGENCIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teshome Tesfaye

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Mike Whistance

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Mike Widhalm

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Ajet Zalli

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Tim Gaylord

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Fuentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Abe Aryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Anson Damosso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jambo Woldyohannis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dario Arnautovic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jim Bahne

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dan Berkenkotter

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Bonicelli

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Peppe De Marco

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dean Gunter

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Roger Kirlin

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Stan Martin

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Joe McCloskey

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dean Strawn

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John Lindberg

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Bode

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Karsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mark Weida

    PAST PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Cardella

    CEO

    Total calculated
    $201,582
    From this org
    $195,270
    From related orgs
    $0
    Other
    $6,312
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $175,270
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,312
    Filer's total
    $201,582

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION COMMITTEE WAS FORMED TO ESTABLISH THE COMPENSATION PACKAGE FOR THE INCOMING CEO. THEY LOOKED AT THE 990'S OF OTHER SIMILARLY SITUATED ORGANIZATIONS FROM AN ONLINE NONPROFIT LABOR DATABASE. CALCULATIONS WERE DONE TO DETERMINE THE MAXIMUM AMOUNT OF COMPENSATION THAT COULD RESULT AND THEN EXISTING IRS CASE LAW AND GUIDANCE WERE CONSIDERED TO HELP DETERMINE THE REASONABLENESS OF THE PACKAGE. THE COMPENSATION PACKAGE WAS APPROVED BY THE COMMITTEE AND DOCUMENTED IN WRITING.

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

No itemized grants to organizations 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CIADA PROPERTY HOLDINGS LLC

    COMMERCIAL PROPERTY RENTAL · CO · income $330,831 · assets $1,954,350

    Directly controlled by INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION OF COLORADO

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202432079349300023

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