Overview
What is Consumer Motor Vehicle Recovery Corporation?
Consumer Motor Vehicle Recovery Corporation is a nonprofit organization based in San Rafael, California. Its primary mission is to safeguard consumers who have suffered financial losses in transactions with vehicle dealers. The corporation evaluates and pays claims filed by consumers who have experienced issues with dealers or lessor-retailers failing to remit fees, pay off liens, or honor proceeds from consignment sales. In 2022, the organization paid out a substantial amount totaling $1,714,158.24, demonstrating its commitment to supporting affected consumers.
Official website here: www.cmvrc.org
Is Consumer Motor Vehicle Recovery Corporation legitimate?
Consumer Motor Vehicle Recovery Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Consumer Motor Vehicle Recovery Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cmvrc.org
What is the mission statement of Consumer Motor Vehicle Recovery Corporation?
The Consumer Motor Vehicle Recovery Corporation's mission is to protect consumers who have experienced financial losses in transactions with vehicle dealers. Their exempt purpose is to safeguard individuals who have encountered issues such as dealers or lessor-retailers failing to remit license or registration fees, not paying proceeds from a consignment sale, or failing to fulfill obligations secured by vehicle liens. These consumers, often unable to recover their losses due to the dealer or lessor-retailer's closure or insolvency, can turn to this organization for assistance. The Corporation aims to help these consumers have their claims against the dealers or lessor-retailers satisfactorily resolved.
Official website here: www.cmvrc.org
Who is the CEO of Consumer Motor Vehicle Recovery Corporation?
Lawrence C Blazer is the Vice President of Consumer Motor Vehicle Recovery Corporation.
Official website here: www.cmvrc.org
What is the revenue of Consumer Motor Vehicle Recovery Corporation?
Consumer Motor Vehicle Recovery Corporation's revenue in 2022 was $1,985,121.
Official website here: www.cmvrc.org
Who are the executives of Consumer Motor Vehicle Recovery Corporation and what are their salaries?
There 6 volunteers at Consumer Motor Vehicle Recovery Corporation.
Here are 6 key members and their salaries:
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Official website here: www.cmvrc.org
Where can I find the form 990 for Consumer Motor Vehicle Recovery Corporation?
Consumer Motor Vehicle Recovery Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmvrc.org
Learn more at the official website: www.cmvrc.org
Mission Statement of Consumer Motor Vehicle Recovery Corporation
Consumer Motor Vehicle Recovery Corporation, abbreviated as CMVRC, is an organization with a mission to safeguard consumers who have experienced financial losses in transactions with vehicle dealers. Specifically, the corporation aims to protect individuals who have suffered monetary losses due to various reasons, such as a California licensed dealer or lessor-retailer of motor vehicles failing to remit license or registration fees, not paying proceeds from a consignment sale, failing to discharge obligations secured by liens on vehicles traded in or other actions during a trade-in or consignment sale activity, and being unable to have their claims against the dealer or lessor-retailer satisfied due to the dealer or lessor-retailer's closure or insolvency. The organization serves as a valuable resource for these consumers, providing a means to address their grievances and seek resolution when dealing with the often complex and intimidating world of vehicle dealerships.
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Impact
October, 2024
Consumer Motor Vehicle Recovery Corporation plays a crucial role in safeguarding consumers who have experienced financial losses in transactions with vehicle dealers. By evaluating and compensating claims, the organization directly addresses situations where dealers or lessor-retailers have failed to meet their obligations—such as remitting registration fees, paying off liens on trade-in vehicles, or properly disbursing proceeds from consignment sales.
In 2022, the corporation demonstrated its impact by paying a total of $1,714,158.24 across various claims. This included one claim from 2020, fifty-four claims from 2021, and six claims from 2022, showing a strong response to consumer needs during a time when many individuals are vulnerable to financial loss due to dealer misconduct. By providing compensation, the organization helps restore some financial certainty and security to consumers who might otherwise feel powerless in the face of unscrupulous business practices. Overall, its efforts contribute significantly to community improvement by ensuring accountability within the vehicle sales industry and protecting consumer rights in California.
This information is meant to be a general summary of Consumer Motor Vehicle Recovery Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,985,121
- Gross Receipts: $1,985,121
Assets and Liabilities:
- Total Assets: $2,105,331
- Total Liabilities: $0
- Net Assets: $2,105,331
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEALERSHIP
Revenue
$1,985,121
Organization Details
Founding Year
2009
Phone
(415) 461-0410Principal Officer
Lawrence C Blazer
Main Address
ONE MCINNIS PARKWAY 250, SAN RAFAEL, CA, 94903
Website
www.cmvrc.orgNTEE Category
Code: S41 - Community improvement
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