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Nonprofiteer
← KENTUCKY AUTOMOBILE DEALERS ASSN INC

Form 990 for tax year 2023

Filed by KENTUCKY AUTOMOBILE DEALERS ASSN INC.

Totals

Total revenue
$1,169,221
Total expenses
$968,991
Contributions and grants received
$366,875
Grants paid
$0
Program service revenue
$393,349
Investment income
$30,935
Other revenue
$378,062
Total assets, end of year
$2,206,420
Total liabilities, end of year
$240,188
Net assets or fund balances, end of year
$1,966,232
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1b · Membership dues

    $317,375

  • 1f · All other contributions, gifts and grants

    $49,500

  • 2a · Program service revenue: CONVENTION, SEIMINARES & MTGS

    total $375,369 · related or exempt $375,369

  • 2b · Program service revenue: OTHER INCOME

    total $14,970 · related or exempt $14,970

  • 2c · Program service revenue: LEGAL WORKSHOPS

    total $3,010 · related or exempt $3,010

  • 3 · Investment income

    total $30,935 · excluded $30,935

  • 5 · Royalties

    total $351,125 · related or exempt $351,125

  • 8a · Fundraising events: gross income

    $43,600

  • 8b · Fundraising events: direct expenses

    $16,663

  • 8c · Net income from fundraising events

    total $26,937 · excluded $26,937

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $410,256

  • 8 · Pension plan contributions

    total $47,931

  • 9 · Other employee benefits

    total $33,017

  • 10 · Payroll taxes

    total $26,497

  • 11g · Fees: other

    total $28,423

  • 13 · Office expenses

    total $3,445

  • 17 · Travel

    total $35,106

  • 19 · Conferences, conventions and meetings

    total $261,821

  • 22 · Depreciation, depletion and amortization

    total $10,305

  • 23 · Insurance

    total $5,505

  • 24a · Other expenses: LEGISLATIVE EXP.

    total $38,579

  • 24b · Other expenses: TECHNOLOGY MAINT.

    total $14,059

  • 24c · Other expenses: DUES, SUBSCRIPTIONS & CON

    total $13,794

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $10,160

  • 24e · All other expenses

    total $30,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,102 · end of year $297,603

  • 2 · Savings and temporary cash investments

    beginning of year $1,472,665 · end of year $475,182

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,375 · end of year $17,214

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

    $427,298

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

    $108,901

  • 10c · Land, buildings and equipment, net

    beginning of year $280,470 · end of year $318,397

  • 11 · Investments: publicly traded securities

    end of year $1,098,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,120 · end of year $2,358

  • 19 · Deferred revenue

    beginning of year $313,767 · end of year $237,830

  • 27 · Net assets without donor restrictions

    beginning of year $1,638,798 · end of year $1,868,804

  • 28 · Net assets with donor restrictions

    beginning of year $47,927 · end of year $97,428

Mission and programs · 2023

Mission

THE PRINCIPLES OF THE KENTUCKY AUTOMOBILE DEALERS ASSOCIATION, INC. ARE TO PROMOTE AND MAINTAIN HONESTY AND DEPENDABILITY IN OUR BUSINESSS OPERATIONS. TO EMPLOY TRUTH AND ACCURACY IN OUR ADVERTISING AND SELLING OF AUTOMOTIVE PRODUCTS. TO STRIVE CONSTANTLY TO IMROVE OUR INDUSTRY.

Activities or mission (Part I)

THE PURPOSE OF THE ASSOCIATION AND THE OBJECTIVES TO BE PROMOTED AND CARRIED OUT, IN ACCORDANCE WITH THE BY-LAWS, ARE AS FOLLOWS: TO FACILITATE THE EXCHANGE OF IDEAS AND INFORMATION AMONG ITS MEMBERS. TO ENCOURAGE SOUND BUSINESS PRACTICES AND POLICES. TO ENHANCE CONFIDENCE, RESPECT AND GOOD FELLOWSHIP AMONG ALL WHO ARE ENGAGED DIRECTLY OR INDIRECTLY IN THE MOTOR VEHICLE INDUSTRY AND TO PROTECT TRADE & COMMERCE AMONG DEALERS AND THEIR ALLIED PARTNERS IN THE COMMONWEALTH OF KENTUCKY

  • THE KADA CONVENTION IS OUR ANNUAL MEETING FOR MEMBERS AND THEIR KEY EMPLOYEES. THE MEETING INCLUDES WORKSHOPS, BOARD MEETING AND EVENTS. WORKSHOPS ADDRESS A RANGE OF ISSUES FROM WORK PLACE SAFETY, CURRENT ECONOMIC ISSUES, REGULARTORY CONCERNS, ETC.

  • KADA HELD 5 DISTRICT MEETINGS IN 2023 THAT HAD ABOUT 225 ATTENDEES. MEETINGS ARE HELD TO DISCUSS CURRENT INDUSTRY ISSUES.

  • THE NADA CONVENTION IS AN ANNUAL MEETING FOR THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION. THIS CONVENTION INCLUDES MANY WORKSHOPS, TRADESHOWS AND OTHER EVENTS. THE CONVENTION WAS HELD IN JANUARY OF 2023 IN DALLAS, TEXAS. THE WASHINGTON CONFERENCE IS SPONSORED BY NADA EVERY YEAR. IT IS A TIME WHERE ALL STATE ASSOCIATIONS SEND KEY PEOPLE TO GO TO WASHINGTON D.C. AND VISIT WITH THEIR CONGRESSMEN TO RELAY ANY IMPORTANT ISSUES PERTAINING TO THE AUTOMOTOVE INDUSTRY. IN 2023 KADA SENT FOUR AUTO DEALER MEMBERS WHO SERVE ON THE BOARD.

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

Listed in Part VII

  • Jason Wilson

    PRESIDENT

    Total calculated
    $285,215
    From this org
    $254,657
    From related orgs
    $0
    Other
    $30,558

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $29,657
    Other
    not reported
    Deferred
    $30,558
    Nontaxable benefits
    $17,710
    Filer's total
    $285,215

  • See Attached

    BOARD MEMBER

    Total calculated
    $0

  • Joe Cummins

    CHAIR

    Total calculated
    $0

  • Ray Cottrell Jr

    TREASURER

    Total calculated
    $0

  • Rob Marshall

    VICE CHAIR

    Total calculated
    $0

  • David Moore

    CHAIR-ELECT

    Total calculated
    $0

  • Nancy Sparks

    PAST CHAIR

    Total calculated
    $0

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

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
5 November 2024
IRS schema version
2023v5.0
Source object
202403189349303070

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