Nada Foundation: FY2023 Nonprofit Profile & Form 990 (EIN 54-1008060)

The Foundations' Ambassador Program gives grants to worthy hospitals, organizations, schools, colleges, and universities. Also, the Foundation provides assistance to canine companions for independence and other worthy causes.

$193Kprogram expense

02

The Foundation promotes workforce development in franchised new-car and -truck dealerships.

$105Kprogram expense

03

The Foundation provides emergency relief for dealership employees impacted by disasters.

$29Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Rochester Automobile Dealers Association INCFY2025$5K

Total grants receivedfrom 1 funder$5K

Grants paid · 85 grants · $4.0M · 2020–2024

Unitemized GrantFY2024$511,550

Canine Companions for IndependenceCA · FY2024$136,000

Vehicles for Change INCMD · FY2024$25,000

Canine Companions for IndependenceCA · FY2023$183,000

Urban League of LouisianaLA · FY2023$70,000

Unitemized GrantFY2023$26,169

Vehicles for Change INCMD · FY2023$15,000

Northstar FoundationNE · FY2023$10,000

Teammates Mentoring ProgramNE · FY2023$8,000

The Backstoppers INC FkaMO · FY2023$8,000

Ivy Tech Foundation INCIN · FY2023$6,000

Unitemized GrantFY2022$381,750

Canine Companions for IndependenceCA · FY2022$108,720

National Urban League INCNY · FY2022$100,000

Center for Automotive Education and Training INCNY · FY2022$34,000

SADD INCAZ · FY2022$22,000

Ase Education FoundationVA · FY2022$20,000

Hazelwild Farm Educational FoundationVA · FY2022$14,000

See all 85 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$439K

Ln 12

Gifts and grantsLn 1h$760K

Investment incomeLn 3$302K

Money outPt IX

$438K

Ln 25

Programscol B$327K

Managementcol C$83K

Fundraisingcol D$28K

Owns and owesPt X

$19.2M

net assets · Ln 32

Cash and savingsLn 1–2$1.1M

Total assetsLn 16$19.2M

LiabilitiesLn 26$34K

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$760K

Investment incomeLn 3$302K

Gains on assetsLn 7−$623K

Total revenueLn 12$439K

Assets in detailPt X, end of year

SavingsLn 2$1.1M

Cash and savings togetherLn 1–2$1.1M

InvestmentsLn 11–13$18.1M

Total assetsLn 16$19.2M

LiabilitiesLn 26$34K

Net assetsLn 32$19.2M

OperationsPt I, VI

EmployeesI 50

VolunteersI 613

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$655K	$1.1M
InvestmentsLn 11–13	$15.6M	$18.1M
Total assetsLn 16	$16.2M	$19.2M
LiabilitiesLn 26	$36K	$34K
Net assetsLn 32	$16.2M	$19.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$253K	$253K
Grants to domestic individualsLn 2	$26K	$26K
Accounting feesLn 11c	$22K	$4K	$13K	$4K
Investment management feesLn 11f	$60K	$12K	$36K	$12K
Other fees for servicesLn 11g	$15K	$15K
Office expensesLn 13	$10K	$2K	$6K	$2K
TravelLn 17	$25K	$9K	$12K	$4K
Conferences, conventions and meetingsLn 19	$23K	$5K	$14K	$5K
InterestLn 20	$5K	$943	$3K	$943
Other expenses (24a–d)Ln 24	$250			$250
Total functional expensesLn 25	$438K	$327K	$83K	$28K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$3.1M	$812K	$2.3M	$22.4M	990 PDF
FY2023 Viewing	$439K	$438K	$598	$19.2M	990 PDF
FY2022	$1.3M	$2.2M	−$966K	$16.2M	990 PDF
FY2021	$6.0M	$1.4M	$4.6M	$20.7M	990 PDF
FY2020	$911K	$774K	$137K	$19.3M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $439,028 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,168,391$759,785

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $87,678−$320,757

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,256,069$439,028

I-13 Grants and similar amounts paidPrior year $2,021,130$279,499

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $201,393$158,931

I-18 Total expensesPrior year $2,222,523$438,430

I-19 Revenue less expensesPrior year −$966,454$598

Part VI · Governance 13 of 13 board members independent, 3 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $439,028 across 5 lines filed

VIII-1f All other contributions, gifts and grants$759,785

VIII-1h Total contributions, gifts and grants$759,785

VIII-3 Investment incomeExcluded from tax $302,438$302,438

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$623,195−$623,195

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$320,757$439,028

Part IX · Statement of functional expenses $438,430 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $253,330$253,330

IX-2 Grants to domestic individualsPrograms $26,169$26,169

IX-11c Accounting feesPrograms $4,300 · Management $12,900 · Fundraising $4,300$21,500

IX-11f Investment management feesPrograms $11,914 · Management $35,741 · Fundraising $11,914$59,569

IX-11g Other fees for servicesPrograms $15,000$15,000

IX-13 Office expensesPrograms $1,961 · Management $5,883 · Fundraising $1,961$9,805

IX-17 TravelPrograms $8,811 · Management $12,362 · Fundraising $4,121$25,294

IX-19 Conferences, conventions and meetingsPrograms $4,560 · Management $13,679 · Fundraising $4,560$22,799

IX-20 InterestPrograms $943 · Management $2,828 · Fundraising $943$4,714

IX-24 Other expenses (24a–d)Fundraising $250$250

IX-25 Total functional expensesPrograms $326,988 · Management $83,393 · Fundraising $28,049$438,430

Part X · Balance sheet $19,216,040 assets, 11 lines filed

Asset lines not itemized here account for $35,893; see the IRS return.

X-2 Savings and temporary cash investmentsStart of year $654,960$1,099,208

X-11 Publicly traded securitiesStart of year $8,444,775$8,704,374

X-12 Other securitiesStart of year $7,119,732$9,376,565

X-16 Total assetsStart of year $16,240,401$19,216,040

X-17 Accounts payable and accrued expensesStart of year $27,986$25,221

X-19 Deferred revenueStart of year $8,313$8,313

X-26 Total liabilitiesStart of year $36,299$33,534

X-27 Net assets without donor restrictionsStart of year $14,815,569$17,613,510

X-28 Net assets with donor restrictionsStart of year $1,388,533$1,568,996

X-32 Total net assets or fund balancesStart of year $16,204,102$19,182,506

X-33 Total liabilities and net assetsStart of year $16,240,401$19,216,040

Part XI · Reconciliation of net assets $19,182,506 net assets at year end

XI-1 Total revenue$439,028

XI-2 Total expenses$438,430

XI-3 Revenue less expenses$598

XI-4 Net assets at start of year$16,204,102

XI-5 Net unrealized gains (losses) on investments$2,978,100

XI-8 Prior period adjustments−$294

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$19,182,506

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Nada Foundation FY2023 filing

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Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Nada Foundation