Kentucky Automobile Dealers Association Inc

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

EIN: 610244725 ✦ Frankfort, KY ✦ Designated as a 501(c)(6)

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Overview

What is Kentucky Automobile Dealers Association Inc?

Kentucky Automobile Dealers Association Inc, based in Frankfort, Kentucky, serves as a platform for car dealers in the state. Its primary objective is to facilitate the exchange of ideas and information among its members, promoting sound business practices and policies. The association organizes an annual meeting, known as the KADA Convention, which includes workshops, board meetings, and events to address various issues such as workplace safety, economic concerns, and regulatory matters. The association is committed to upholding honesty and dependability in business operations, employing truth and accuracy in advertising, and continuously improving the industry. With around four employees, the Kentucky Automobile Dealers Association Inc aims to protect trade and commerce among dealers and their allies in Kentucky.


Official website here: www.kyada.com

Is Kentucky Automobile Dealers Association Inc legitimate?

Kentucky Automobile Dealers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Automobile Dealers Association 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: $323,895

For more financial information, click here


Official website here: www.kyada.com

What is the mission statement of Kentucky Automobile Dealers Association Inc?

The Kentucky Automobile Dealers Association Inc, as per its mission statement, aims to foster a conducive environment for the exchange of ideas and information among its members. It encourages adherence to sound business practices and policies, promoting confidence, respect, and good fellowship within the motor vehicle industry. The association upholds integrity and honesty in its business operations, employing truth and accuracy in advertising and selling of automotive products. It is committed to continually improving its industry.


Official website here: www.kyada.com

Who is the CEO of Kentucky Automobile Dealers Association Inc?

Nancy Sparks is the President of Kentucky Automobile Dealers Association Inc.


Official website here: www.kyada.com

What is the revenue of Kentucky Automobile Dealers Association Inc?

Kentucky Automobile Dealers Association Inc's revenue in 2022 was $935,046.


Official website here: www.kyada.com

Who are the executives of Kentucky Automobile Dealers Association Inc and what are their salaries?

The average compensation at Kentucky Automobile Dealers Association Inc during 2022 was $80,974. There are 4 employees at Kentucky Automobile Dealers Association Inc.


Here are 7 key members and their salaries:


Jason Wilson (President)
  • Compensation: $174,861
  • Related: $0
  • Other: $23,596
See Attached (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Cummins (Chair-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Huffman (Past Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Marshall (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Moore (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Sparks (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kyada.com

Where can I find the form 990 for Kentucky Automobile Dealers Association Inc?

Kentucky Automobile Dealers Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kyada.com

Learn more at the official website: www.kyada.com

Mission Statement of Kentucky Automobile Dealers Association Inc

Kentucky Automobile Dealers Association Inc, with a strong commitment to maintaining integrity and reliability in the automotive industry, has established principles that guide its business operations. The association endeavors to promote honesty and dependability, ensuring truth and accuracy in advertising and sales of automotive products. It continually strives to improve the industry, demonstrating a dedication to enhancing the experience for both dealers and their allied partners. The Kentucky Automobile Dealers Association Inc is not just a facilitator of ideas and information exchange among its members, but also an advocate for sound business practices and policies, fostering a sense of unity and goodwill among all involved in the motor vehicle industry.

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Impact




October, 2024

Kentucky Automobile Dealers Association Inc. plays a significant role in advancing the interests and practices of the motor vehicle industry within the Commonwealth of Kentucky. By facilitating the exchange of ideas and information among its members, the association fosters a collaborative environment that encourages sound business practices and policies. This collective approach enhances confidence and respect among stakeholders in the industry, ultimately strengthening the relationships between dealers and their allied partners.

Through its annual KADA Convention, the association provides crucial resources such as workshops that address a wide range of relevant issues, including workplace safety, economic challenges, and regulatory concerns. This ongoing education empowers members to navigate the complexities of the automotive market more effectively.

Additionally, the association champions principles of honesty and dependability in business operations, promoting truth and accuracy in advertising and sales. By striving to improve the industry continuously, Kentucky Automobile Dealers Association Inc. not only elevates the standards of automotive dealers but also contributes to the overall economic vitality and community improvement within the region.




This information is meant to be a general summary of Kentucky Automobile Dealers Association 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.

Revenue
$935,046 (2022)
Expenses
$823,484 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,215
  • Program Service Revenue: $317,867
  • Gross Receipts: $946,560

Assets and Liabilities:

  • Total Assets: $2,006,612
  • Total Liabilities: $319,887
  • Net Assets: $1,686,725

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Programs

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

CONVENTION, SEIMINARES & MTGS

Revenue

$317,625

LEGAL WORKSHOPS

Revenue

$242

Organization Details

Founding Year

1938

Principal Officer

Nancy Sparks

Main Address

152 CONSUMER LANE, FRANKFORT, KY, 40601

NTEE Category

Code: S41 - Community improvement

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