Overview
What is New Mexico Automotive Dealers Association?
The New Mexico Automotive Dealers Association is a nonprofit organization situated in Albuquerque, New Mexico. With a staff of around 4 individuals, its primary purpose is to provide operational and legislative support services to new car and truck dealers within the state. To uphold ethical business standards and sound business practices in the automotive dealers industry, the association promotes and enforces a code of ethics. The organization's activities include sponsoring two programs: AutoCap, a dispute resolution service for car buyers and dealers, and the Dealer Advertisement Review Committee, offering advertising guidelines. In 2022, approximately 24 people participated in the AutoCap program.
Official website here: www.nmada.org
Is New Mexico Automotive Dealers Association legitimate?
New Mexico Automotive Dealers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico Automotive 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: $120,728
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,612
For more financial information, click here
Official website here: www.nmada.org
What is the mission statement of New Mexico Automotive Dealers Association?
The New Mexico Automotive Dealers Association is dedicated to upholding a code of ethics aimed at maintaining high business standards and sound business practices within the automotive dealers industry in New Mexico. This organization provides operational and legislative support services to new car and truck dealers in the state, with the ultimate goal of promoting and enforcing these ethical business guidelines. To further support its mission, the association offers dispute resolution services through AutoCap for car buyers and dealers, as well as advertising guidelines through the Dealer Advertisement Review Committee. In 2022, approximately 24 individuals participated in the AutoCap program.
Official website here: www.nmada.org
Who is the CEO of New Mexico Automotive Dealers Association?
Kenneth Ortiz is the Chairman of New Mexico Automotive Dealers Association.
Official website here: www.nmada.org
What is the revenue of New Mexico Automotive Dealers Association?
New Mexico Automotive Dealers Association's revenue in 2022 was $514,958.
Official website here: www.nmada.org
Who are the executives of New Mexico Automotive Dealers Association and what are their salaries?
The average compensation at New Mexico Automotive Dealers Association during 2022 was $32,585. There are 4 employees and 9 volunteers at New Mexico Automotive Dealers Association.
Here are 11 key members and their salaries:
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- Compensation: $72,000
- Related: $36,000
- Other: $13,159
- Compensation: $25,093
- Related: $40,730
- Other: $10,476
Official website here: www.nmada.org
Where can I find the form 990 for New Mexico Automotive Dealers Association?
New Mexico Automotive Dealers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmada.org
Learn more at the official website: www.nmada.org
Mission Statement of New Mexico Automotive Dealers Association
The New Mexico Automotive Dealers Association, a prominent entity in the automotive industry, is committed to upholding a code of ethics aimed at maintaining high business standards and sound business practices among new car and truck dealers within New Mexico. This organization works tirelessly to effect, promulgate, and enforce these ethical guidelines, thereby ensuring a reputable and reliable industry landscape. The association's mission is twofold: firstly, it strives to support its members through operational and legislative services, thereby fostering a conducive business environment; secondly, it seeks to maintain the integrity of the industry by promoting ethical business conduct. In 2022, approximately 24 individuals benefited from the association's dispute resolution service, AutoCap, which serves as a testament to its commitment to resolving conflicts in a fair and equitable manner. Additionally, the association offers the Dealer Advertisement Review Committee, a program that provides advertising guidelines, further demonstrating its dedication to upholding ethical business practices.
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Impact
October, 2024
The New Mexico Automotive Dealers Association plays a crucial role in supporting new car and truck dealers across the state by providing operational and legislative assistance. By advocating for high business standards and ethical practices, the organization helps maintain a robust automotive industry in New Mexico.
One significant impact of the association is through programs like AutoCAP, which offers a dispute resolution service for car buyers and dealers. This program establishes a platform for fair conflict resolution, improving relationships between consumers and dealers. In 2022, approximately 24 individuals participated in this program, indicating its relevance in addressing disputes and enhancing customer satisfaction.
Additionally, the Dealer Advertisement Review Committee ensures that advertising practices align with established guidelines, fostering transparency and integrity in marketing efforts within the automotive sector.
Through these initiatives, the New Mexico Automotive Dealers Association not only promotes ethical business practices but also contributes to community improvement, ultimately benefitting both consumers and dealers in the state.
This information is meant to be a general summary of New Mexico Automotive 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: $91,886
- Program Service Revenue: $423,072
- Gross Receipts: $603,212
Assets and Liabilities:
- Total Assets: $551,948
- Total Liabilities: $26,261
- Net Assets: $525,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DUES
Revenue
$217,439
CONVENTION
Revenue
$139,801
LEGAL DEFENSE FUND
Revenue
$58,800
LEGISLATIVE DINNER
Revenue
$3,650
ADMIN FEE
Revenue
$2,882
Organization Details
Founding Year
1951
Phone
(505) 345-6060Principal Officer
Kenneth Ortiz
Main Address
3815 HAWKINS ST NE, ALBUQUERQUE, NM, 87109
Website
www.nmada.orgNTEE Category
Code: S41 - Community improvement
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