Overview
What is Maryland Automobile Dealers Association Foundation Inc?
Maryland Automobile Dealers Association Foundation Inc is a nonprofit organization situated in Annapolis, Maryland. Their primary focus is to sponsor and finance educational and safety programs, aiming to highlight the significance of the new retail automobile industry. The foundation's mission is to offer educational benefits to individuals seeking career prospects in Maryland's automobile sector. Their initiatives serve to promote awareness and safety within the industry, ultimately benefiting the community as a whole.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
The Maryland Automobile Dealers Association Foundation Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its overall performance, which is primarily assessed through its Accountability & Finance metrics. The foundation excels in areas such as board independence and the absence of material diversion of assets, both of which received perfect scores. However, the absence of key policies such as a whistleblower policy and document retention guidelines has contributed to a lower overall rating.
Despite strengths in governance, the foundation's program expense ratio of 57.78% suggests that a significant portion of its expenses may not be directed towards its programs. This raises questions about the effectiveness of its financial management and resource allocation. While the foundation demonstrates transparency in providing board meeting minutes, these limitations in policy frameworks could hinder its accountability.
Overall, while the Maryland Automobile Dealers Association Foundation Inc shows some promising aspects in governance, its lack of essential policies and lower program expense ratio highlight areas that need improvement to enhance its effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland Automobile Dealers Association Foundation Inc legitimate?
Maryland Automobile Dealers Association Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Automobile Dealers Association Foundation Inc 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Maryland Automobile Dealers Association Foundation Inc?
The Maryland Automobile Dealers Association Foundation Inc's mission is centered around sponsoring and financing educational and safety programs. The primary objective of these initiatives is to promote the significance of the new retail automobile industry. The foundation, in line with its mission, provides educational benefits to individuals who are interested in pursuing career opportunities within this industry. It is dedicated to contributing to programs that emphasize the value of the automobile industry, with a focus on safety as well.
Who is the CEO of Maryland Automobile Dealers Association Foundation Inc?
J Peter Kitzmiller is the Secretary/Treasurer of Maryland Automobile Dealers Association Foundation Inc.
What is the revenue of Maryland Automobile Dealers Association Foundation Inc?
Maryland Automobile Dealers Association Foundation Inc's revenue in 2022 was $23,004.
Who are the executives of Maryland Automobile Dealers Association Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Maryland Automobile Dealers Association Foundation Inc?
Maryland Automobile Dealers Association Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maryland Automobile Dealers Association Foundation Inc
The Maryland Automobile Dealers Association Foundation Inc is committed to fulfilling its mission by providing educational benefits to individuals pursuing career opportunities within the Maryland automobile industry. This nonprofit organization dedicates its resources to sponsoring and funding educational and safety programs, aiming to promote the value of the new retail automobile industry. By doing so, the Foundation aims to contribute positively to this sector, fostering growth and development within it.
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Impact
August, 2024
Maryland Automobile Dealers Association Foundation Inc sponsors and funds education and safety programs aimed at promoting the value of the new retail automobile industry. Their focus on education and safety is crucial in ensuring that individuals have the necessary skills and knowledge for career opportunities in the Maryland automobile industry. By providing educational benefits and emphasizing safety measures, the foundation contributes to the growth and development of this industry, ultimately benefiting both businesses and individuals seeking employment opportunities.
This information is meant to be a general summary of Maryland Automobile Dealers Association Foundation Inc. 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.
- Investment Income: $19,949
- Gross Receipts: $30,790
Assets and Liabilities:
- Total Assets: $548,412
- Total Liabilities: $0
- Net Assets: $548,412
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Organization Details
Founding Year
2010
Phone
(301) 261-1717Principal Officer
J Peter Kitzmiller
Main Address
7 STATE CIRCLE 301, ANNAPOLIS, MD, 214011904
NTEE Category
Code: J20 - Employment
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