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Nonprofit · EIN 23-7305962

CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC

Tax-exempt · HARRISBURG, NC 28075

Financials

$879K$1.3M2023$1.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,095,308$1,270,173-$174,865$2,493,072$287,488$2,205,584
December 31, 2023990$878,523$1,306,071-$427,548$1,936,002$122,781$1,813,221
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$614
Program service revenue
$857,216
Investment income
-$6,177
Royalties
$32,306
Net rental income
-$3,328
Net gain from sales of assets
-$6,308
Net income from fundraising events
$9,961
Net income from sales of inventory
$39,284
Other revenue
$243,655

Expenses

Grants and similar amounts paid
$3,000
Compensation of officers, directors and key employees
$435,768
Other salaries and wages
$28,195
Salaries, compensation and benefits (total)
$516,766
Professional fundraising fees
$0
Legal fees
$10,308
Accounting fees
$16,200
Occupancy
$107,679
Travel
$6,340
Depreciation
$29,931

Balance sheet and other

Total assets, start of year
$1,936,002
Total assets, end of year
$2,493,072
Total liabilities, end of year
$287,488
Net assets, end of year
$2,205,584
Land, buildings and equipment
$566,878
Net assets without donor restrictions
$2,205,584
Gross unrelated business income
$39,284
Gross receipts
$1,188,999
Employees
10
Volunteers
7
Year formed
1955
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN W BROWNEXECUTIVE DI
Officer
40$191,732$11,504
MARTY W COATESACTING EXEC
Officer
40$148,580$0
DEBBIE BRASWELLCONTROLLER/C
Officer
40$79,136$4,816
JERRY PADRICKCHAIRMAN NC
Trustee or director, Officer
1$0$0
DEAN CANTEYPRESIDENT SC
Trustee or director, Officer
1$0$0
DALE MATTHEWSPRES ELECT N
Trustee or director, Officer
1$0$0
WENDY PISORVP SOUTH CAR
Trustee or director, Officer
1$0$0
KELLY MIDGETTVP NORTH CAR
Trustee or director, Officer
1$0$0
FRANKIE BORDEAUXTREASURER
Trustee or director, Officer
1$0$0
MICHAEL YARBOROUGHSECRETARY
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
JOHN W BROWNEXECUTIVE DI
Officer
40$192,412$11,545
DEBBIE BRASWELLCONTROLLER/C
Officer
40$76,320$4,655
MICHAEL THREADGILLCHAIRMAN SC
Trustee or director, Officer
1$0$0
JERRY PADRICKPRESIDENT NC
Trustee or director, Officer
1$0$0
DEAN CANTEYPRES ELECT S
Trustee or director, Officer
1$0$0
DALE MATTHEWSVP NORTH CAR
Trustee or director, Officer
1$0$0
WENDY PISORVP SOUTH CAR
Trustee or director, Officer
1$0$0
FRANKIE BORDEAUXTREASURER
Trustee or director, Officer
1$0$0
MICHAEL YARBOROUGHSECRETARY
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
5643 HARRISBURG INDUSTRIAL PARK DR, HARRISBURG, NC 28075-0000
Principal officer (990 for 2024)
JOHN W BROWN, 5643 HARRISBURG INDUSTRIAL PARK DR, HARRISBURG, NC 28075
Signed the 990
MARTY W COATES, ACTING EXEC DIR/COO
Phone
(800) 432-4232
Return prepared by
CARTER P C

Mission

TO PROMOTE AND BENEFIT THE INDEPENDENT AUTOMOBILE DEALERS IN NORTH AND SOUTH CAROLINA.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED THE EDUCATIONAL MATERIALS AND CONTINUING EDUCATION REQUIRED TO MEET CURRENT REQUIREMENTS AND OBTAIN NEW AND RENEWED STATE DEALER LICENSES TO INDEPENDENT AUTOMOBILE DEALERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7305962
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,493,072
Income (IRS master file)
$1,188,999

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,095,308$1,270,173$2,493,072IRS
990December 2023$878,523$1,306,071$1,936,002XML
990December 2022$1,172,754$1,211,138$1,968,138IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7305962).

Questions about CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC

What is the EIN of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
The employer identification number (EIN) of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC is 23-7305962.
Is CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1974.
Are donations to CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 names JOHN W BROWN.
Who are the officers and directors of CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $191,732 (JOHN W BROWN, EXECUTIVE DI).
How much revenue does CAROLINAS INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,095,308, expenses of $1,270,173 and total assets of $2,493,072 at year end.

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