Independent Auto Damage Appraisers

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 340967203 ✦ Reston, VA ✦ Designated as a 501(c)(6)

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Overview

What is Independent Auto Damage Appraisers?

Independent Auto Damage Appraisers is a nonprofit organization situated in Reston, Virginia. Their primary focus is to enhance education and elevate the quality of independent auto damage appraisals within the insurance industry. The organization upholds high standards for its members and their performance, providing substantial savings on services and purchases for its members. The mission of Independent Auto Damage Appraisers is to maintain the highest standards of conduct, integrity, and proficiency among independent automotive damage appraisers.


Official website here: www.iada.org

Is Independent Auto Damage Appraisers legitimate?

Independent Auto Damage Appraisers is a legitimate nonprofit organization registered as a 501(c)(6) entity. Independent Auto Damage Appraisers 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: $75,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iada.org

What is the mission statement of Independent Auto Damage Appraisers?

Independent Auto Damage Appraisers have set a mission to uphold the highest standards of conduct, integrity, and proficiency among independent automotive damage appraisers. Their primary objective is to improve the quality of independent appraisals, supporting the insurance industry. They also strive to maintain high standards for their members, ensuring the excellence of their performance. Furthermore, they assist their member appraisers in achieving substantial savings on services and purchases.


Official website here: www.iada.org

Who is the CEO of Independent Auto Damage Appraisers?

Tony Serio is the President of Independent Auto Damage Appraisers.


Official website here: www.iada.org

What is the revenue of Independent Auto Damage Appraisers?

Independent Auto Damage Appraisers's revenue in 2022 was $746,801.


Official website here: www.iada.org

Who are the executives of Independent Auto Damage Appraisers and what are their salaries?

There 5 volunteers at Independent Auto Damage Appraisers.


Here are 6 key members and their salaries:


Tony Serio (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Marsden (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonidas Papadadtonakis (Regional Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Correa (Regional Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Willison (Regional Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Sheehan (Officer)
  • Compensation: $85,749
  • Related: $0
  • Other: $0


Official website here: www.iada.org

Where can I find the form 990 for Independent Auto Damage Appraisers?

Independent Auto Damage Appraisers's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iada.org

Learn more at the official website: www.iada.org

Mission Statement of Independent Auto Damage Appraisers

Independent Auto Damage Appraisers, a renowned organization in the field of independent automotive damage appraisals, is committed to upholding the highest standards among its members. Their mission is twofold: firstly, to ensure that the conduct, integrity, and proficiency of its members are of the utmost quality. Secondly, they strive to improve the quality of independent appraisals, thereby supporting the insurance industry. By maintaining high standards for its members and their performance, Independent Auto Damage Appraisers contributes to the reliability and credibility of the appraisal process. Additionally, the organization provides substantial savings on services and purchases for its members, enhancing their overall efficiency and competitiveness in the industry.

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Impact




October, 2024

Independent Auto Damage Appraisers significantly enhances the landscape of automotive damage appraisal by fostering high standards of conduct, integrity, and proficiency. By focusing on education and improving the quality of independent appraisals, the organization plays a pivotal role in supporting the insurance industry.

Members benefit from substantial savings on services and purchases, which directly enhances their operational efficacy and competitiveness. The emphasis on maintaining high standards for member performance not only elevates individual appraisers but also uplifts the overall industry standard. This commitment to excellence ensures that consumers and businesses alike can rely on accurate and trustworthy appraisals, ultimately contributing to community improvement and consumer protection in the automotive insurance sector.




This information is meant to be a general summary of Independent Auto Damage Appraisers. 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.

Revenue
$746,801 (2022)
Expenses
$708,891 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $746,801
  • Gross Receipts: $746,801

Assets and Liabilities:

  • Total Assets: $299,888
  • Total Liabilities: $140,693
  • Net Assets: $159,195

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CENTRAL BILLING

Revenue

$546,325

INSURANCE PREMIUMS

Revenue

$103,847

DUES

Revenue

$84,640

CONFERENCES

Revenue

$7,689

ALL OTHER

Revenue

$4,300

Organization Details

Founding Year

1964

Principal Officer

Tony Serio

Main Address

11107 SUNSET HILLS ROAD SUITE 100, RESTON, VA, 20190

NTEE Category

Code: S40 - Community improvement

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