Overview
What is Virginia Automobile Dealers Association?
The Virginia Automobile Dealers Association is a nonprofit organization situated in Richmond, Virginia, specifically at 1800 WEST GRACE STREET with a ZIP code of 23220. With a team of eleven dedicated individuals, its primary objective is to foster and safeguard business transactions within the automobile dealer industry. The association's scope extends to franchised automobile dealers and their allied trades. To achieve this mission, they engage in various activities such as advocating for improved business conditions in the automotive dealership industry and supporting educational and informational initiatives for dealers and the public.
Official website here: www.vada.com
Is Virginia Automobile Dealers Association legitimate?
Virginia Automobile Dealers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Automobile Dealers Association 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: $274,376
Professional Fundraising Fees: $0
Other Salaries and Wages: $805,216
For more financial information, click here
Official website here: www.vada.com
What is the mission statement of Virginia Automobile Dealers Association?
The Virginia Automobile Dealers Association aims to enhance business conditions within the automotive dealership industry. Its mission encompasses encouraging and safeguarding trade and commerce among dealers specializing in automobiles, airships, accessories, motor-equipped utilities, and their allied trades. The organization sponsors and supports educational and informational activities for dealers and the public. By carrying out these endeavors, the Virginia Automobile Dealers Association fosters a thriving and successful industry environment.
Official website here: www.vada.com
Who is the CEO of Virginia Automobile Dealers Association?
Michael T Burch is the Director of Virginia Automobile Dealers Association. The CEO's salary of Virginia Automobile Dealers Association is $783,931 and their total compensation is $909,888.
Official website here: www.vada.com
What is the revenue of Virginia Automobile Dealers Association?
Virginia Automobile Dealers Association's revenue in 2022 was $13,205,058.
Official website here: www.vada.com
Who are the executives of Virginia Automobile Dealers Association and what are their salaries?
The average compensation at Virginia Automobile Dealers Association during 2022 was $98,145. There are 11 employees at Virginia Automobile Dealers Association.
Here are 37 key members and their salaries (Virginia Automobile Dealers Association's CEO's salary is $783,931 and their total compensation is $909,888):
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- Compensation: $783,931
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- Compensation: $114,916
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- Other: $14,292
Official website here: www.vada.com
Where can I find the form 990 for Virginia Automobile Dealers Association?
Virginia Automobile Dealers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vada.com
Learn more at the official website: www.vada.com
Mission Statement of Virginia Automobile Dealers Association
The Virginia Automobile Dealers Association, also known as VADA, is a nonprofit organization dedicated to enhancing business conditions within the automotive dealership industry. Its primary mission is to encourage and safeguard trade and commerce among franchised automobile dealers and their allied trades. To fulfill this objective, VADA sponsors, supports, and promotes educational and informational activities for dealers and the public.
In more detail, VADA advocates for the interests of dealers in the automobile sector, as well as in airships, accessories, motor equipped utilities, and their associated industries. By doing so, the organization plays a crucial role in fostering a favorable business climate for its members. Additionally, VADA is committed to providing educational resources and information to the dealers and the public, further contributing to the growth and success of the industry. Ultimately, the Virginia Automobile Dealers Association serves as a vital platform for advancing the interests and expertise of dealers in various automotive fields.
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Impact
October, 2024
The Virginia Automobile Dealers Association plays a crucial role in enhancing business conditions within the automotive dealership industry. By fostering trade and commerce among automobile dealers, airship vendors, accessory providers, and related trades, it creates a supportive environment for these businesses to thrive. The association actively encourages educational and informational initiatives that benefit both dealers and the public, promoting best practices and facilitating knowledge sharing across the industry. Its efforts not only strengthen local economies but also contribute to the overall health and sustainability of the automotive marketplace in Virginia. This commitment to community improvement and support ensures that dealers remain competitive and capable of meeting consumer needs effectively.
This information is meant to be a general summary of Virginia Automobile Dealers Association. 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: $639,612
- Program Service Revenue: $1,009,467
- Gross Receipts: $17,253,172
Assets and Liabilities:
- Total Assets: $26,817,260
- Total Liabilities: $1,107,239
- Net Assets: $25,710,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONVENTION & MEETINGS
Revenue
$487,937
MEMBERSHIP DUES
Revenue
$350,422
PUBLICATIONS
Revenue
$91,366
AUTO SHOW
Revenue
$79,742
Organization Details
Founding Year
1943
Phone
(804) 359-3578Principal Officer
Michael T Burch
Main Address
1800 WEST GRACE STREET, RICHMOND, VA, 23220
Website
www.vada.comNTEE Category
Code: S41 - Community improvement
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