Nonprofit · EIN 56-1565225
NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION
Also known as NCADA CHARITABLE FOUNDATION
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $245,461 | $114,705 | $130,756 | $826,341 | $29,934 | $796,407 |
| December 31, 2023 | 990 | $139,726 | $114,648 | $25,078 | $676,040 | $17,176 | $658,864 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $197,167
- Program service revenue
- $0
- Investment income
- $48,294
- Net gain from sales of assets
- $23,482
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $46,600
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,500
- Program services (functional)
- $87,570
- Management and general (functional)
- $27,135
Balance sheet and other
- Total assets, start of year
- $676,040
- Total assets, end of year
- $826,341
- Total liabilities, end of year
- $29,934
- Net assets, end of year
- $796,407
- Publicly traded securities
- $635,805
- Net assets without donor restrictions
- $622,540
- Net assets with donor restrictions
- $173,867
- Gross receipts
- $356,077
- Employees
- 0
- Volunteers
- 33
- Year formed
- 1988
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| T JOHN POLICASTRO | PRESIDENT Officer | 1 | $0 | $253,480 | $3,050 |
| CYNTHIA MYNATT | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DAVID FARRIS | VICE-CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES BARBER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRUCE BIGGS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| HARRY C BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BILL BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NORWOOD F BRYAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DON O BULLUCK JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| THOMAS B BURTON JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| THOM DILLARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LARRY J GEOHAGAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN D GREENE SR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| WILLIAM P HOWARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE JOHNSON | DIRECTOR Trustee or director | 0.1 | $0 |
| HARRY L LAND JR | DIRECTOR Trustee or director | 0.1 | $0 |
| WILLIAM MUSGRAVE | DIRECTOR Trustee or director | 0.1 | $0 |
| JOE H NELSON | DIRECTOR Trustee or director | 0.1 | $0 |
| CARL S RAGSDALE | DIRECTOR Trustee or director | 0.1 | $0 |
| GUY P SMITH | DIRECTOR Trustee or director | 0.1 | $0 |
| DALE A STEARNS | DIRECTOR Trustee or director | 0.1 | $0 |
| D WAYNE THOMAS | DIRECTOR Trustee or director | 0.1 | $0 |
| NATALIE TINDOL | DIRECTOR Trustee or director | 0.1 | $0 |
| DOUGLAS WILKINSON JR | DIRECTOR Trustee or director | 0.1 | $0 |
| DONALD WILLIAMSON | DIRECTOR Trustee or director | 0.1 | $0 |
| OMNIA FOWLER | DIRECTOR Trustee or director | 0.1 | $0 |
| GEORGE ANDERSON | DIRECTOR Trustee or director | 0.1 | $0 |
| TIM ILDERTON | DIRECTOR Trustee or director | 0.1 | $0 |
| JOHN HIESTER | DIRECTOR Trustee or director | 0.1 | $0 |
| JAY WYATT | DIRECTOR Trustee or director | 0.1 | $0 |
| SPORT DURST | DIRECTOR Trustee or director | 0.1 | $0 |
| JEFF MICHAEL | DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ROBERT GLASER | FORMER PRESIDENT Former | 0 | $0 | $537,150 | $2,850 |
| T JOHN POLICASTRO | PRESIDENT Officer | 1 | $0 | $145,950 | $4,050 |
| CYNTHIA MYNATT | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DAVID FARRIS | VICE-CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JAMES BARBER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BRUCE BIGGS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| HARRY C BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BILL BROWN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NORWOOD F BRYAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DON O BULLUCK JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| THOMAS B BURTON JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| THOM DILLARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| LARRY J GEOHAGAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN D GREENE SR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| WILLIAM P HOWARD | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MIKE JOHNSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| HARRY L LAND JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| WILLIAM MUSGRAVE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOE H NELSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| CARL S RAGSDALE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GUY P SMITH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DALE A STEARNS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| D WAYNE THOMAS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NATALIE TINDOL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DOUGLAS WILKINSON JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DONALD WILLIAMSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| OMNIA FOWLER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GEORGE ANDERSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TIM ILDERTON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN HIESTER | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JAY WYATT | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SPORT DURST | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JEFF MICHAEL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1029 WADE AVE, RALEIGH, NC 27605-1158
- Principal officer (990 for 2024)
- T JOHN POLICASTRO, 1029 WADE AVENUE, RALEIGH, NC 27605
- Signed the 990
- JOHN POLICASTRO, PRESIDENT
- Phone
- (919) 828-4421
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
PROMOTE EDUCATION OF INDIVIDUALS IN THE AUTOMOTIVE FIELD
Program accomplishments
- HONOR FIRST RESPONDERS FOR THEIR CONTRIBUTIONS TO THE COMMUNITY.Expenses $51,670 · grants $12,700
- SUPPORT THEIR COMMUNITY, NATION AND THE AUTOMOTIVE INDUSTRY.Expenses $1,000 · grants $1,000
- SUPPORT HURRICANE DISASTER RELIEFExpenses $34,900 · grants $32,900
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
- 56-1565225
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $826,341
- Income (IRS master file)
- $356,077
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $245,461 | $114,705 | $826,341 | IRS |
| 990 | December 2023 | $139,726 | $114,648 | $676,040 | XML |
| 990 | December 2022 | $44,899 | $77,488 | $600,771 | 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 56-1565225).
Questions about NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION
- What is the EIN of NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION?
- The employer identification number (EIN) of NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION is 56-1565225.
- Is NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION 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 CHARITABLE FOUNDATION 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 CHARITABLE FOUNDATION 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 CHARITABLE FOUNDATION?
- 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 CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 33 people; 0 received compensation from the organization.
- How much revenue does NORTH CAROLINA AUTOMOBILE DEALERS ASSOCIATION CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $245,461, expenses of $114,705 and total assets of $826,341 at year end.
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