Nonprofit · EIN 56-0340390
NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,378,437 | $2,288,701 | $1,089,736 | $8,308,955 | $1,450,872 | $6,858,083 |
| December 31, 2023 | 990 | $2,776,078 | $2,602,424 | $173,654 | $7,205,289 | $1,558,290 | $5,646,999 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,046,451
- Membership dues
- $768,051
- Program service revenue
- $928,028
- Investment income
- $641,804
- Royalties
- $603,774
- Net gain from sales of assets
- $377,484
- Other revenue
- $762,154
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $256,530
- Other salaries and wages
- $400,082
- Salaries, compensation and benefits (total)
- $807,083
- Professional fundraising fees
- $0
- Legal fees
- $23,559
- Accounting fees
- $178,062
- Occupancy
- $64,809
- Depreciation
- $14,276
Balance sheet and other
- Total assets, start of year
- $7,205,289
- Total assets, end of year
- $8,308,955
- Total liabilities, end of year
- $1,450,872
- Net assets, end of year
- $6,858,083
- Land, buildings and equipment
- $83,218
- Publicly traded securities
- $7,274,382
- Net assets without donor restrictions
- $6,099,988
- Net assets with donor restrictions
- $758,095
- Gross unrelated business income
- $158,380
- Gross receipts
- $4,995,095
- Employees
- 9
- Volunteers
- 22
- Year formed
- 1935
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| T JOHN POLICASTRO | PRESIDENT Officer | 40 | $253,480 | $3,050 |
| ROBERT GLASER | FORMER PRESIDENT Former | 0 | $252,262 | $3,050 |
| RANDY HUNTER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ROB KING | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK FISHER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRAD TYSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALYCIA W KELLUM | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| MIKE ALFORD | NADA DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM PARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG WESTCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY MARGARET LATHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGGIE ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX CREECH | DIRECTOR Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| DARRYL JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW BIRCKHEAD | DIRECTOR Trustee or director | 1 | $0 |
| NEILL NELSON | DIRECTOR Trustee or director | 1 | $0 |
| ERIC FLOW | DIRECTOR Trustee or director | 1 | $0 |
| GRANT LOFTIN | DIRECTOR Trustee or director | 1 | $0 |
| MITCH ABERNETHY | DIRECTOR Trustee or director | 1 | $0 |
| EASON BRYAN | DIRECTOR Trustee or director | 1 | $0 |
| RUSS ELLETT | DIRECTOR Trustee or director | 1 | $0 |
| TONY BERTSCHI | DIRECTOR Trustee or director | 1 | $0 |
| SPORT DURST | PAST CHAIR THRU JUNE 2024 Trustee or director | 1 | $0 |
| TIM MICHAEL | DIRECTOR THRU JUNE 2024 Trustee or director | 1 | $0 |
| LAWRENCE WHITE | DIRECTOR THRU JUNE 2024 Trustee or director | 1 | $0 |
| GARSON RICE | DIRECTOR THRU JUNE 2024 Trustee or director | 1 | $0 |
| RAY VRSCAK | DIRECTOR THRU JUNE 2024 Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT GLASER | FORMER PRESIDENT Former | 0 | $537,150 | $2,850 |
| T JOHN POLICASTRO | PRESIDENT Officer | 40 | $145,950 | $4,050 |
| MIKE ALFORD | NADA DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF MICHAEL | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| SPORT DURST | PAST CHAIR Trustee or director | 1 | $0 | $0 |
| ALYCIA W KELLUM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GREG YORK | TREASURER THRU JUNE 2023 Trustee or director, Officer | 1 | $0 | $0 |
| MARK FISHER | SECRETARY FROM JUNE 2023 Trustee or director, Officer | 1 | $0 | $0 |
| RANDY HUNTER | VICE CHAIR FROM JUNE 2023 Trustee or director, Officer | 1 | $0 | $0 |
| MARK CARTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM PARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAY VRSCAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM MICHAEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY MARGARET LATHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAWRENCE WHITE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REGGIE ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARSON RICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REX CREECH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROB KING | TREASURER FROM JUNE 2023 Trustee or director, Officer | 1 | $0 | $0 |
| DARRYL JACKSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRAD TYSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEILL NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC FLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GRANT LOFTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MITCH ABERNETHY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EASON BRYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSS ELLETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TONY BERTSCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE LEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1029 WADE AVE, RALEIGH, NC 27605-1158
- Principal officer (990 for 2024)
- T JOHN POLICASTRO, P O BOX 12167, RALEIGH, NC 276052167
- Signed the 990
- T JOHN POLICASTRO, PRESIDENT
- Phone
- (919) 828-4421
- Website
- WWW.NCADA.COM
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
PROMOTE THE WELFARE OF THE AUTOMOBILE RETAIL INDUSTRY
Program accomplishments
- CONVENTION AND EDUCATION PROGRAMS: THE ASSOCIATION HAS AN ANNUAL CONVENTION WHICH ENHANCES MEMBER AWARENESS OF ISSUES RELATED TO THE INDUSTRY AND ENCOURAGES NETWORKING. THE ASSOCIATION ALSO PRESENTS SEVERAL SEMINARS EACH YEAR, WHICH EDUCATE MEMBERS ON MATTERS PERTINENT TO THEIR BUSINESS AND INDUSTRY, AND SPONSORS AUTOMOTIVE EDUCATION PROGRAMS.
- MEMBERSHIP SERVICES: THE ASSOCIATION DEVELOPS PROGRAMS AND PROVIDES PRODUCTS AND SERVICES THAT BENEFIT MEMBERS.
- LEGISLATIVE AND GOVERNMENT RELATIONS: THE ASSOCIATION MONITORS AND EDUCATES MEMBERS, AND IN SOME CASES ATTEMPTS TO INFLUENCE LEGISLATION THAT IMPACTS MEMBERS AND THE INDUSTRY.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0340390
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,308,955
- Income (IRS master file)
- $4,995,095
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,378,437 | $2,288,701 | $8,308,955 | IRS |
| 990 | December 2023 | $2,776,078 | $2,602,424 | $7,205,289 | XML |
| 990 | December 2022 | $2,760,744 | $2,786,197 | $6,794,328 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 56-0340390).
Questions about NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC
- What is the EIN of NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC?
- The employer identification number (EIN) of NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC is 56-0340390.
- Is NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1937.
- Are donations to NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH CAROLINA 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 NORTH CAROLINA 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 NORTH CAROLINA 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 NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names T JOHN POLICASTRO.
- Who are the officers and directors of NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 2 received compensation from the organization, the highest $253,480 (T JOHN POLICASTRO, PRESIDENT).
- How much revenue does NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,378,437, expenses of $2,288,701 and total assets of $8,308,955 at year end.
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