2024-11-15T17:20:10-06:00 2023-12-31 721396621 CARR RIGGS & INGRAM LLC 2424 LOUISIANA BLVD NE STE 300 ALBUQUERQUE NM 87110 990 2023-01-01 850098960 NEW MEXICO AUTOMOTIVE DEALERS ASSOCIATION NEWM 5053456060 3815 HAWKINS ST NE ALBUQUERQUE NM 87109 KENNETH ORTIZ EXECUTIVE DIRECTOR 5053456060 2024-11-14 1 1 TIMOTHY REYNOLDS P00535985 5058832727 2024-11-14 2023 2024-10-15 13:58:12Z KENNETH ORTIZ 3815 HAWKINS ST NE ALBUQUERQUE NM 87109 658018 0 X WWW.NMADA.ORG X 1951 NM PROVIDES OPERATIONAL AND LEGISLATIVE SUPPORT SERVICES FOR NEW CAR AND TRUCK DEALERS IN NM. 11 11 5 11 0 0 0 0 423072 474233 91886 77999 0 0 514958 552232 245 500 0 0 145798 169346 0 0 0 343688 339612 489731 509458 25227 42774 551948 653494 26261 40730 525687 612764 TO EFFECT, PROMULGATE, AND ENFORCE A CODE OF ETHICS DESIGNED TO MAINTAIN HIGH BUSINESS STANDARDS AND SOUND BUSINESS METHODS IN THE AUTOMOTIVE DEALERS INDUSTRY WITHIN THE STATE OF NEW MEXICO. 0 0 SPONSORS (1) AUTOCAP - A DISPUTE RESOLUTION SERVICE FOR CAR BUYERS AND DEALERS; AND (2) THE DEALER ADVERTISEMENT REVIEW COMMITTEE - A PROGRAM OFFERING ADVERTISING GUIDELINES. IN 2023, APPROXIMATELY 42 PEOPLE PARTICIPATED IN THE AUTOCAP PROGRAM. SPONSORS A CONVENTION TO UPDATE AUTO DEALERS ON RECENT OPERATIONAL, LEGAL AND REGULATORY CHANGES AFFECTING THE INDUSTRY. IN 2023, APPROXIMATELY 180 PEOPLE ATTENDED THE CONVENTION. ADVISES NEW MEXICO AUTO DEALERS ON ALL ISSUES AFFECTING THE OPERATION OF NEW CAR DEALERSHIPS AND PUBLISHES AN INFORMATIONAL NEWSLETTER FOR ITS MEMBERS. ALSO, THE ORGANIZATION LOBBYS THE STATE LEGISLATURE ON BILLS THAT PROMOTES AND SUPPORTS AUTO DEALERSHIPS. IN 2023, THE ORGANIZATION HAD APPROXIMATELY 108 MEMBERS. 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 1 1 0 1 1 0 0 1 0 0 1 1 1 0 X X THE ORGANIZATION 5053456060 3815 HAWKINS ST NE ALBUQUERQUE NM 87109 X DEREK KULACH CHAIRMAN 2.00 2.00 X X 0 0 0 ROB SNEED VICE CHAIRMAN 2.00 2.00 X X 0 0 0 BRADY LOVELADY SECRETARY 2.00 2.00 X X 0 0 0 TRAVIS HICKS TREASURER 2.00 2.00 X X 0 0 0 PERRY M WEBB IMMEDIATE PAST CHAIR 2.00 2.00 X X 0 0 0 TERI L GARCIA REGIONAL DIRECTOR 2.00 2.00 X 0 0 0 YVETTE ROYBAL REGIONAL DIRECTOR 2.00 2.00 X 0 0 0 DAN SISBARRO REGIONAL DIRECTOR 2.00 2.00 X 0 0 0 DANI KUYKENDALL REGIONAL DIRECTOR 2.00 2.00 X 0 0 0 TRAVIS EDENS REGIONAL DIRECTOR 2.00 2.00 X 0 0 0 ANNETTE DILORENZO THAYER NADA DIRECTOR 2.00 2.00 X 0 0 0 KENNETH F ORTIZ EXECUTIVE DIRECTOR 24.00 12.00 X 83118 0 13158 PATSI J HUBBARD OUTGOING CFO 16.00 18.00 X 26321 0 10476 109439 0 23634 0 0 0 0 0 DUES 561000 226942 226942 CONVENTION 541800 179450 179450 LEGAL DEFENSE FUND 541100 60500 60500 LEGISLATIVE DINNER 541800 3800 3800 ADMIN FEE 561000 2925 2925 616 616 474233 88017 88017 95768 105786 -10018 -10018 -10018 552232 474233 0 77999 500 133074 14208 4526 4140 13398 31824 21439 62460 5641 29056 394 26855 5844 6669 13658 94351 8665 11832 STAFF PROFESSIONAL DEVE 13103 MISCELLANEOUS EXPENSES 6066 REPAIRS & MAINTENANCE 1755 509458 89525 108491 25713 34277 22491 20468 25954 18659 378110 421483 10155 50116 551948 653494 15148 40730 608 0 10505 0 26261 40730 X 525687 612764 525687 612764 551948 653494 42774 44303 0 X X 0 0 0 0 0 0 0 226942 73855 73855 79430 -5575 PART I-A, LINE 1: N/A FORM 990, SCHEDULE C, PART III-B, LINE 2A TOTAL EXPENSES WERE REDUCED TO 80% OF TOTAL IN ORDER TO REFLECT ONLY THOSE EFFORTS MADE TOWARD DIRECT LOBBYING OF NEW STATE INITIATIVES, AND THUS TO EXCLUDE ACTIONS TAKEN TO CONDUCT INDIRECT RESEARCH AND OTHER ACTIVITIES. 0 INVESTMENT IN AFFILIATE 1000 DUE FROM AFFILIATES 49116 50116 X PART X, LINE 2: INCLUDED IN DRAFT OF 2023 AUDIT REPORT: THE ASSOCIATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023 AND 2022, THE ASSOCIATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FOR 990 AUDIT IN PROCESS NOTE THE ORGANIZATION'S AUDIT IS STILL IN PROCESS, SO THIS TAX RETURN INCLUDES AMOUNTS THAT MAY CHANGE ONCE THE AUDIT IS COMPLETE. WHEN THE AUDIT IS COMPLETED, WE WILL PREPARE AN AMENDED RETURN. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD VICE CHAIRMAN, DAVID DI LORENZO, IS RELATED TO BOARD DIRECTOR, ANNETTE DI LORENZO-THAYER; THEY ARE BROTHER AND SISTER. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERSHIP. ACTIVE MEMBERSHIP IN THE ASSOCIATION IS OPEN TO ANY INDIVIDUAL, PARTNERSHIP, FIRM OR CORPORATION ACTIVELY ENGAGED IN AND DEVOTING A SUBSTANTIAL PORTION OF TIME TO THE BUSINESS OF NEW MOTOR VEHICLE RETAILING, WHO IS OPERATING A PERMANENTLY ESTABLISHED PLACE OF BUSINESS ANYWHERE WITHIN THE BOUNDARIES OF THE STATE OF NEW MEXICO UNDER AN AUTHORIZED FRANCHISE CURRENTLY IN FORCE WITH THE MANUFACTURER OR DISTRIBUTOR. ASSOCIATED MEMBERSHIP IN THE ASSOCIATION IS OPEN TO ANY INDIVIDUAL, PARTNERSHIP, FIRM OR CORPORATION ENGAGED IN A BUSINESS ALLIED IN ANY WAY WITH THAT OF DEALING IN NEW MOTOR VEHICLE RETAILING WITHIN THE BOUNDARIES OF THE STATE OF NEW MEXICO. ONLY ACTIVE MEMBERS IN GOOD STANDING ARE ELIGIBLE FOR MEMBERSHIP ON THE BOARD OF DIRECTORS OR TO HOLD OFFICE IN THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A EACH ACTIVE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO CAST ONE VOTE IN ANY AND ALL ELECTIONS OF DIRECTORS FROM THE COUNTY IN WHICH SAID MEMBER'S DEALERSHIP IS LOCATED. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE FORM 990 BY THE INDEPENDENT ACCOUNTING FIRM, THE CFO COMPARES IT TO THE AUDITED FINANCIALS, REVIEWS THE 990, AND THEN PRESENTS FORM 990 TO THE BOARD OF DIRECTORS FOR THE BOARD'S REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. IN THAT DETERMINATION, INDUSTRY COMPARATIVES ARE REVIEWED AND CONSIDERED. ANY COMPENSATION INCREASE REQUIRES APPROVAL BY THE EXECUTIVE COMMITTEE. THIS PROCESS IS UNDERTAKEN AS INCREASES OCCUR. THIS PROCESS WAS LAST COMPLETED IN 2022. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS SUBSTANTIATION AND DELIBERATION OF THE DECISION. THE CFO COMPENSATION REQUIRES APPROVAL BY THE EXECUTIVE COMMITTEE. THE CEO PERFORMS THE REVIEW OF COMPARATIVES, WHICH INCLUDES SPEAKING WITH OTHER ASSOCIATION EXECUTIVES IN OTHER STATES AND NEW MEXICO. THE CEO THEN MAKES A RECOMENDATION, WHICH IS PRESENTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS SUBSTANTIATION AND DELIBERATION OF THE DECISION. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 UPON ANY PUBLIC REQUEST, THE CFO IS DIRECTED TO PROVIDE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS. THE ORGANIZATION IS IN THE PROCESS OF DRAFTING A CONFLICT OF INTEREST POLICY, AND IT WILL BE MADE AVAILABLE TO THE PUBLIC IN THE SAME MANNER AS THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS. FORM 990, PART VII, SECTION A, LINE 1A - OFFICER COMPENSATION: THE W-2'S FOR OFFICER COMPENSATION ARE ISSUED BY NEW MEXICO AUTOMOTIVE DEALERS ASSOCIATION BUT INCLUDE AMOUNTS PAID FOR RELATED ORGANIZATIONS. THE W-2 ALSO INCLUDES AMOUNTS PAID TO UNRELATED ORGANIZATIONS UNDER A SHARED AGREEMENT. THESE AMOUNTS ARE NOT REFLECTED IN PART VII. THE PORTION ATTIRBUTABLE TO THE FILING ORGANIZATION IS BEING REPORTED IN LINE 1A, COLUMN D. FORM 990, PART XII, LINE 2C EXPLANATION: THE ORGANIZATION'S EXECUTIVE COMMITTEE SELECTS THE AUDITORS AND OVERSEES THE AUDIT PROCESS. THIS HAS NOT CHANGED FROM THE PRIOR YEAR. AS OF THE FILING OF THIS TAX RETURN THE AUDIT WAS UNDERWAY, BUT NOT YET COMPLETED. AUTOMOTIVE DEALERS SERVICE CORP 3815 HAWKINS SE ALBUQUERQUE NM 87109 850167400 MISCELLANEOUS SERVICES TO AUTO DEALER MEMBERS NM NEW MEXICO AUTOMOTIVE DEALERS ASSOC C 351006 1119350 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 DISREGARDED TRANSACTION UNDER 50000 D DISREGARDED TRANSACTION UNDER 50000 E DISREGARDED TRANSACTION UNDER 50000 N AUTOMOTIVE DEALERS SERVICE CORPORATION O 127993 FMV DISREGARDED TRANSACTION UNDER 50000 P DISREGARDED TRANSACTION UNDER 50000 Q DISREGARDED TRANSACTION UNDER 50000 S