Nonprofit · EIN 85-0269621
NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC
Tax-exempt · ALBUQUERQUE, NM 87107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $658,962 | $437,293 | $221,669 | $1,409,828 | $240,337 | $1,169,491 |
| December 31, 2023 | 990 | $636,807 | $553,801 | $83,006 | $1,275,911 | $328,089 | $947,822 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100
- Program service revenue
- $404,959
- Investment income
- $132,883
- Net rental income
- $96,570
- Net income from fundraising events
- $22,593
- Other revenue
- $121,020
Expenses
- Grants and similar amounts paid
- $16,497
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $37,585
- Occupancy
- $46,213
- Travel
- $1,874
- Depreciation
- $45,225
Balance sheet and other
- Total assets, start of year
- $1,275,911
- Total assets, end of year
- $1,409,828
- Total liabilities, end of year
- $240,337
- Net assets, end of year
- $1,169,491
- Land, buildings and equipment
- $844,000
- Net assets without donor restrictions
- $1,169,491
- Gross unrelated business income
- $96,570
- Gross receipts
- $675,919
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1962
- State of legal domicile
- NM
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC P POWELL | EXECUTIVE DIRECTOR Officer | 15 | $0 | $221,168 | $3,733 |
| ROBERT MARTINEZ | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| LUIS SOTO | VICE PRESIDENT (THRU 1/24) Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MARK BECKER | VICE PRESIDENT (AS OF 1/24) Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JOE MAILANDER | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| CARLOS BAZO | DIRECTOR (THRU 4/24) Trustee or director | 2 | $0 | $0 | $0 |
| DANIEL FISKE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIKE GODING | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DANIEL LANG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIKE PETERS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| REESE SPOFFORD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANNA TIDWELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MAXINE VEGA | DIRECTOR (AS OF 3/24) Trustee or director | 2 | $0 | $0 | $0 |
| SUSAN WHEELER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARC P POWELL | EXECUTIVE DIRECTOR Officer | 15 | $0 | $201,216 | $3,486 |
| JEDA CRADDICK | BOARD CHAIR UNTIL 12/31/2024 Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ROBERT MARTINEZ | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| LUIS SOTO | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| MARK BECKER | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| CARLOS BAZO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DANIEL CORDOVA | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| LISA ENOS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DANIEL LANG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIKE PETERS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS RANGEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| REESE SPOFFORD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ANNA VIECK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SUSAN WHEELER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2202 MENAUL BLVD NE STE 1, ALBUQUERQUE, NM 87107-1733
- Principal officer (990 for 2024)
- MARC P POWELL, 2202 MENAUL BLVD NE 1, ALBUQUERQUE, NM 87107
- Signed the 990
- MARC P POWELL, EXECUTIVE DIRECTOR
- Phone
- (505) 232-0809
- Website
- WWW.NMIADA.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
ENCOURAGE AUTO DEALERS OF NM TO JOIN TOGETHER. ADVANCE THE INTERESTS OF INDEPENDENT DEALERS AND THE AUTOMOBILE INDUSTRY AS A WHOLE. ENABLE MEMBERS TO WORK EFECTIVELY WITH THE NM MVD'S LAWS AND REQUIREMENTS AND TO PROVIDE THE HIGHEST STANDARDS OF BUSINESS TO THE PUBLIC.
Program accomplishments
- ANNUAL NM CONVENTION FOR MEMBERS PROVIDING EDUCATIONAL OPPORTUNITIES FOR DEALERS FROM NM. FEATURED SPEAKERS ON VARIOUS ASPECTS OF THE INDUSTRY INCLUDING STRENGTHENING DEALER RELATIONS WITH THE NM MOTOR VEHICLE DEPARTMENT AND EMPHASIS ON BEST PRACTICES. VENDOR BOOTHS AND EXHIBITS WITH INFORMATION ON TECHNOLOGY, FINANCING, LEGAL, INSURANCE AND OTHER ASPECTS RELATED TO THE INDUSTRY.
- BI-MONTHLY NEWSLETTER PROVIDING ARTICLES RELATED TO COMPLIANCE, LEGAL, LEGISLATIVE, REGULATORY MATTERS, OPPORTUNITIES FOR UPDATES & EDUCATION RELATED TO COMPLIANCE, ACCOUNTING PRACTICES IN THE INDUSTRY, MARKETING & PROMOTION, FINANCING, COMPLIANCE BEST PRACTICES, FORM USE, PRODUCT KNOWLEDGE AND TO PROVIDE INFORMATION GARNERED FROM NATIONAL CONVENTIONS OF OTHER ORGANIZATIONS WITH SIMILAR INTEREST AND CONCERNS.
- PRE-LICENSING SEMINARS FOR INDVIDIUALS WANTING TO BECOME DEALERS, CONTINUING EDUCATION SEMINARS INCLUDING COMPLIANCE WITH THE FEDERAL TRADE COMMISSION RED FLAG RULES.
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
- 85-0269621
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,409,828
- Income (IRS master file)
- $675,919
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $658,962 | $437,293 | $1,409,828 | XML |
| 990 | December 2023 | $636,807 | $553,801 | $1,275,911 | XML |
| 990 | December 2022 | $864,040 | $734,072 | $1,131,899 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-0269621).
Questions about NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC
- What is the EIN of NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
- The employer identification number (EIN) of NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC is 85-0269621.
- Is NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1988.
- Are donations to NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO 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 NEW MEXICO 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 NEW MEXICO 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 NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names MARC P POWELL.
- Who are the officers and directors of NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO INDEPENDENT AUTOMOBILE DEALERS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $658,962, expenses of $437,293 and total assets of $1,409,828 at year end.
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