Nonprofit · EIN 38-2326624
NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS
Tax-exempt · LARGO, MD 20774
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,433,846 | $3,988,120 | -$2,554,274 | $118,901 | $199,285 | -$80,384 |
| December 31, 2023 | 990 | $4,304,785 | $3,699,132 | $605,653 | $2,729,135 | $255,245 | $2,473,890 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,432,916
- Membership dues
- $258,295
- Program service revenue
- $0
- Investment income
- $930
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $35,000
- Other salaries and wages
- $304,906
- Salaries, compensation and benefits (total)
- $389,028
- Professional fundraising fees
- $0
- Accounting fees
- $26,575
- Occupancy
- $66,747
- Travel
- $132,209
- Program services (functional)
- $3,550,758
- Management and general (functional)
- $385,109
- Fundraising (functional)
- $52,253
Balance sheet and other
- Total assets, start of year
- $2,729,135
- Total assets, end of year
- $118,901
- Total liabilities, end of year
- $199,285
- Net assets, end of year
- -$80,384
- Net assets without donor restrictions
- -$80,384
- Gross receipts
- $1,433,846
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1980
- State of legal domicile
- MD
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 |
|---|---|---|---|
| PERRY WATSON IV | PRESIDENT Trustee or director, Officer | 40 | $200,000 |
| RAY FREGIA JR | VICE CHAIRMAN Trustee or director | 40 | $0 |
| ROBERT VALDES | TREASURER Trustee or director | 40 | $0 |
| JAMES RIVCHIN | SECRETARY Trustee or director | 40 | $0 |
| DAMIAN MILLS | IMMEDIATE PAST CHAIRMAN Trustee or director | 1 | $0 |
| JAY GILL | CMDA APPOINTEE Trustee or director | 1 | $0 |
| BILL LYNCH | GMMDA PRESIDENT Trustee or director | 1 | $0 |
| ROBERT BROGDEN | GMMDA APPOINTEE Trustee or director | 1 | $0 |
| ANTHONY GORDON | FORD-MDA CHAIRMAN Trustee or director | 1 | $0 |
| ZACH BRANDT | FORD-MDA APPOINTEE Trustee or director | 1 | $0 |
| LUIS SOMOANO | FORD-MDA APPOINTEE Trustee or director | 1 | $0 |
| JAMES COLON | TLOMDA PRESIDENT Trustee or director | 1 | $0 |
| WINSTON PITTMAN | TLOMDA APPOINTEE Trustee or director | 1 | $0 |
| JOE ALVAREZ | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| GREG BARANCO | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAY FREGIA SR | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| JOSE POZOS | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| GUS PALMAR | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| FERNANDO VARELA | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| JULIE HERRERA | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| KARMALA SUTTON | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| ANDREA ZADD | CHAIRMAN APPOINTEE Trustee or director | 1 | $0 |
| AV FLEMING | EXECUTIVE DIRECTOR OF FORD-MDA Trustee or director | 1 | $0 |
| OSVALDO GARCIA | FORD MDA APPOINTEE Trustee or director | 1 | $0 |
| MARJORIE STATEN | EXECUTIVE DIRECTOR OF GMMDA Trustee or director | 1 | $0 |
| MITCH MITCHELL | EXECUTIVE DIRECTOR OF CMDA Trustee or director | 1 | $0 |
| ROBERT HATCHETT | EXECUTIVE DIRECTOR OF TLOMDA Trustee or director | 1 | $0 |
| DAMON LESTER | EXECUTIVE CHAIRPERSON Trustee or director | 40 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PERRY WATSON | VICE PRESIDENT Highest-paid employee | 40 | $119,018 |
| WINSTON PITTMAN | DIRECTOR Trustee or director | 1 | $0 |
| SANDY WOODS | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE SLAUGHTER | DIRECTOR Trustee or director | 1 | $0 |
| RANDY HARRIS | DIRECTOR Trustee or director | 1 | $0 |
| CARLOS LIRIANO | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT VALDEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL LYNCH | BOARD MEMBER Trustee or director | 1 | $0 |
| RAY FREGIA Jr | DIRECTOR Trustee or director | 1 | $0 |
| GREG BARANCO | DIRECTOR Trustee or director | 40 | $0 |
| IRVING MATTHEWS | DIRECTOR Trustee or director | 40 | $0 |
| DAMON LESTER | PRESIDENT Trustee or director | 40 | $0 |
| RAY FREGIA Sr | DIRECTOR Trustee or director | 1 | $0 |
| DAMIAN MILLS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT BROGDEN | DIRECTOR Trustee or director | 1 | $0 |
| JOSE POZOS | DIRECTOR Trustee or director | 1 | $0 |
| JAMES DAVIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9475 LOTTSFORD RD STE 150, LARGO, MD 20774-5351
- Principal officer (990 for 2024)
- PERRY WATSON, 9475 LOTTSFORD ROAD, UPPER MARLBORO, MD 20774
- Signed the 990
- PERRY WATSON, PRESIDENT
- Phone
- (301) 306-1614
- Website
- WWW.NAMAD.ORG
- Return prepared by
- FENNER MELSTROM & DOOLING PLC
Mission
THE NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS (NAMAD) IS A 501C3 NONPROFIT ORGANIZATION HEADQUARTERED IN LARGO MARYLAND. NAMAD'S MISSION IS TO PROVIDE VIABLE OPPORTUNITIES FOR ETHNIC MINORITIES IN THE AUTOMOBILE INDUSTRY.
Program accomplishments
- ADVOCATE FOR THE INCREASE OF ETHNIC MINORITY NEW AUTOMOBILE DEALERSExpenses $3,270,281 · grants $35,000 · revenue $819,641
- MEMBERSHIP SUPPORT - 10Expenses $119,070 · revenue $258,295
- INDUSTRY RELATIONS - 60Expenses $161,407 · revenue $354,980
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
- 38-2326624
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Civil rights, social action and advocacy (R22)
- Assets (IRS master file)
- $118,901
- Income (IRS master file)
- $1,433,846
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,433,846 | $3,988,120 | $118,901 | XML |
| 990 | December 2023 | $4,304,785 | $3,699,132 | $2,729,135 | XML |
| 990 | December 2022 | $2,803,390 | $2,642,095 | $1,972,184 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 38-2326624).
Questions about NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS
- What is the EIN of NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS?
- The employer identification number (EIN) of NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS is 38-2326624.
- Is NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Which annual return does NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS 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 NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS 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 NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS 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 NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS?
- The 990 for the year ended December 31, 2024 names PERRY WATSON.
- Who are the officers and directors of NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS?
- The 990 for the year ended December 31, 2024 lists 28 people; 1 received compensation from the organization, the highest $200,000 (PERRY WATSON IV, PRESIDENT).
- How much revenue does NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,433,846, expenses of $3,988,120 and total assets of $118,901 at year end.
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