Form 990 for tax year 2023
Filed by THE AUTOMOTIVE AFTERMARKET CHARITABLE FOUNDATION INC.
Totals
- Total revenue
- $799,478
- Total expenses
- $589,537
- Contributions and grants received
- $786,907
- Grants paid
- $261,080
- Program service revenue
- $0
- Investment income
- $81,338
- Other revenue
- -$68,767
- Total assets, end of year
- $4,175,468
- Total liabilities, end of year
- $8,510
- Net assets or fund balances, end of year
- $4,166,958
- Program services expenses (Part IX)
- $336,067
- Management and general expenses
- $189,075
- Fundraising expenses
- $64,395
- Program service expenses (Part III)
- $336,067
Program services were 57.0% 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
$581,745
-
1f · All other contributions, gifts and grants
$205,162
-
3 · Investment income
total $81,338 · excluded $81,338
-
8a · Fundraising events: gross income
$26,500
-
8a · Fundraising events: contributions included on line 1c
$581,745
-
8b · Fundraising events: direct expenses
$95,267
-
8c · Net income from fundraising events
total -$68,767 · excluded -$68,767
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $261,080 · program services $261,080
-
5 · Compensation of officers, directors and key employees
total $167,053 · program services $50,116 · management and general $66,821 · fundraising $50,116
-
7 · Other salaries and wages
total $48,921 · program services $19,568 · management and general $19,569 · fundraising $9,784
-
10 · Payroll taxes
total $16,328 · program services $5,303 · management and general $6,530 · fundraising $4,495
-
11c · Fees: accounting
total $22,917 · management and general $22,917
-
11f · Fees: investment management
total $30,000 · management and general $30,000
-
11g · Fees: other
total $100 · management and general $100
-
12 · Advertising and promotion
total $15,463 · management and general $15,463
-
13 · Office expenses
total $21,764 · management and general $21,764
-
17 · Travel
total $2,520 · management and general $2,520
-
23 · Insurance
total $3,391 · management and general $3,391
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,446 · end of year $565,531
-
2 · Savings and temporary cash investments
beginning of year $590,204 · end of year $289,562
-
3 · Pledges and grants receivable
beginning of year $47,896 · end of year $14,200
-
11 · Investments: publicly traded securities
beginning of year $2,876,702 · end of year $3,306,175
-
17 · Accounts payable and accrued expenses
beginning of year $8,755 · end of year $8,510
-
27 · Net assets without donor restrictions
beginning of year $3,562,211 · end of year $4,159,676
-
28 · Net assets with donor restrictions
beginning of year $16,282 · end of year $7,282
Mission and programs · 2023
Mission
TO RAISE FUNDS TO PROVIDE SUPPORT FOR THE CARE, HOSPITALIZATION, AND ASSISTANCE OF NEEDY PERSONS ASSOCIATED WITH THE AUTOMOTIVE AFTERMARKET INDUSTRY IN THE UNITED STATES.
Activities or mission (Part I)
PROVIDE SUPPORT AND FINANCIAL ASSISTANCE TO INDIVIDUALS IN THE AUTOMOTIVE AFTERMARKET THAT DUE TO A CATOSTROPHIC EVENT ARE IN FINANCIAL NEED.
-
SUPPORT AND FINANCIAL ASSISTANCE PROVIDED TO APPROXIMATELY 49 INDIVIDUALS ASSOCIATED WITH THE AUTOMOTIVE AFTERMARKET INDUSTRY.
Expenses $336,067 · Grants $261,080
As filed on the 2023 return.
Listed in Part VII
-
Larry Magee Thru 1231LARRY MAGEE THRU 1231
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Luanne BrownLUANNE BROWN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jon Owens Thru 1231JON OWENS THRU 1231
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Ross KogelROSS KOGEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
George AfremowGEORGE AFREMOW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael CoccioMICHAEL COCCIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andy DudashANDY DUDASH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bill HanveyBILL HANVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HelfrichJEFF HELFRICH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marko IbrahimMARKO IBRAHIM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew JohnsonANDREW JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Scott KrinskySCOTT KRINSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jacki LutzJACKI LUTZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim MerleJIM MERLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul McCarthyPAUL MCCARTHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike WilcoxMIKE WILCOX
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chuck McCourtCHUCK MCCOURT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike PeaceMIKE PEACE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn ReinhardtKATHRYN REINHARDT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chuck RogersCHUCK ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Todd SandersTODD SANDERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth SkoveELIZABETH SKOVE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rich ScovnerRICH SCOVNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sheldon SilvermanSHELDON SILVERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shane WillisSHANE WILLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Wes WiseWES WISE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jay WoodallJAY WOODALL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David YoungDAVID YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joel AyresJOEL AYRES
EXECUTIVE DIRECTOR
- Total calculated
- $167,053
- From this org
- $167,053
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,053
- Bonus
- $0
- Other
- $10,000
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $167,053
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 · Written employment contract
- 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
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413169349303616
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