New Mexico Independent Automobile Dealers Association

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

EIN: 850269621 ✦ Albuquerque, NM ✦ Designated as a 501(c)(6)

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Overview

What is New Mexico Independent Automobile Dealers Association?

The New Mexico Independent Automobile Dealers Association is a nonprofit organization that primarily serves its member automobile dealers. Their primary mission is to provide education and resources related to government requirements, appropriate forms, and permits. They achieve this by offering bi-monthly newsletters and promoting industry standards and quality. The association also has the approval of the New Mexico Motor Vehicle Department to provide approved forms. In essence, the New Mexico Independent Automobile Dealers Association aims to support and empower its members in the automobile industry by providing valuable information and resources.


Official website here: www.nmiada.com

Is New Mexico Independent Automobile Dealers Association legitimate?

New Mexico Independent Automobile Dealers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico Independent 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nmiada.com

What is the mission statement of New Mexico Independent Automobile Dealers Association?

The New Mexico Independent Automobile Dealers Association serves its member auto dealers by providing education on government requirements, appropriate forms, and permits. They issue bi-monthly newsletters and promote industry standards and quality. The association also provides the State of New Mexico Motor Vehicle Department with approved forms. Their primary mission is to support their member dealers in adhering to necessary regulations and maintaining high industry standards.


Official website here: www.nmiada.com

Who is the CEO of New Mexico Independent Automobile Dealers Association?

Marc P Powell is the Executive Director of New Mexico Independent Automobile Dealers Association.


Official website here: www.nmiada.com

What is the revenue of New Mexico Independent Automobile Dealers Association?

New Mexico Independent Automobile Dealers Association's revenue in 2022 was $864,040.


Official website here: www.nmiada.com

Who are the executives of New Mexico Independent Automobile Dealers Association and what are their salaries?

There 14 volunteers at New Mexico Independent Automobile Dealers Association.


Here are 15 key members and their salaries:


Marc P Powell (Executive Director)
  • Compensation: $0
  • Related: $196,960
  • Other: $3,848
Jeda Craddick (Chairperson Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Martinez (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis Soto (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Becker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Bazo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Cordova (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Enos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Lang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Peters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Rangel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reese Spofford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maxine Vega (Director (Through 2/15/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Anna Vieck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nmiada.com

Where can I find the form 990 for New Mexico Independent Automobile Dealers Association?

New Mexico Independent Automobile Dealers Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nmiada.com

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

Mission Statement of New Mexico Independent Automobile Dealers Association

The New Mexico Independent Automobile Dealers Association is dedicated to serving its member auto dealers by providing education on government requirements, appropriate forms, and permits. This organization ensures that its members are well-informed and comply with the necessary regulations. In addition, the association promotes industry standards and quality, fostering a sense of professionalism within the automobile dealing sector. They also produce a bi-monthly newsletter, keeping their members updated on industry developments and trends. The New Mexico Independent Automobile Dealers Association has been approved by the State of New Mexico's Motor Vehicle Department to provide the necessary forms, further streamlining the process for its members. Overall, the association plays a crucial role in supporting and guiding its member dealers in the complex world of automobile dealing, ensuring they have the necessary tools and resources to operate successfully.

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Impact




October, 2024

The New Mexico Independent Automobile Dealers Association plays a crucial role in supporting auto dealer members throughout the state. By offering comprehensive education on government requirements, they ensure that dealers are well-informed about necessary forms, permits, and regulations. The bi-monthly newsletter serves as a vital resource for industry updates, helping dealers stay current with changes that could affect their operations.

Moreover, the association promotes industry standards and quality, fostering a more professional and ethical environment within the auto sales sector. They provide approved forms from the New Mexico Motor Vehicle Department, which helps streamline the regulatory compliance process for dealers.

Overall, the organization strengthens the automotive community in New Mexico, enhancing the knowledge and capabilities of its members while promoting best practices in the industry.




This information is meant to be a general summary of New Mexico Independent 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.

Revenue
$864,040 (2022)
Expenses
$734,072 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $82,205
  • Program Service Revenue: $692,096
  • Gross Receipts: $1,237,954

Assets and Liabilities:

  • Total Assets: $1,131,899
  • Total Liabilities: $251,905
  • Net Assets: $879,994

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Programs

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

EDUCATION PROGRAMS

Revenue

$286,243

COVID TESTING

Revenue

$284,785

MEMBERSHIP DUES

Revenue

$65,833

ASSOC MEMBR/SPONSOR

Revenue

$55,235

Organization Details

Founding Year

1962

Principal Officer

Marc P Powell

Main Address

2202 MENAUL BLVD NE 1, ALBUQUERQUE, NM, 87107

NTEE Category

Code: S41 - Community improvement

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