TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Inspection
Name of the organization
NEW MEXICO INDEPENDENT AUTOMOBILE
DEALERS ASSOCIATION
DEALERS ASSOCIATION
Employer identification number
85-0269621
85-0269621
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III: | ENCOURAGE JOINING TOGETHER AS AN ASSOCIATION, AUTO DEALERS OF NM, TO ADVANCE THE INTERESTS OF THE INDEPENDENT AUTOMOBILE DEALERS AND THE AUTOMOBILE INDUSTRY AS A WHOLE ENABLING THEM TO FUNCTION WELL WITH THE NM MOTOR VEHICLE DEPARTMENT BY UNDERSTANDING LAWS AND REQUIREMENTS AND TO PRACTICE HIGHEST STANDARDS OF BUSINESS PRACTICE AS IT RELATES TO THE PUBLIC. |
| FORM 990, PART V, LINE 2: | THE ORGANIZATION USES A CONTROLLED ENTITY, NM DEALER SUPPORT SERVICE, INC. (NMDSS), AS A COMMON PAYMASTER FOR TWO EMPLOYEES. THE ORGANIZATION REIMBURSES THE COMMON PAYMASTER FOR IT'S SHARE OF SALARIES AND WAGES, APPLICABLE PAYROLL TAXES, PENSIONS (SIMPLE-IRA), AND EMPLOYEE BENEFITS. THE COMMON PAYMASTER, IADSC, WHOSE EIN IS 85-0471018, FILES APPROPRIATE FORMS W-3, W-2, AND OTHER REQUIRED FEDERAL UNEMPLOYEMENT TAX RETURNS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS A 501(C)(6) MEMBERSHIP TRADE ORGANIZATION. IT HAS THE FOLLOWING CLASSES OF MEMBERS: - REGULAR MEMBERS WHO CONSIST OF LICENSED INDEPENDENT AUTOMOBILE DEALERS, WHETHER INDIVIDUAL OR CORPORATION, WHO ARE ENGAGED IN THE BUSINESS OF BUYING AND SELLING MOTOR VEHICLES IN AN ESTABLISHED PLACE OF BUSINESS IN THE STATE OF NM. ONLY REGULAR MEMBERS SHALL BE ENTITLED TO VOTE OR HOLD OFFICE IN THE ASSOCIATION. - ASSOCIATE/SPONSOR MEMBERS WHO CONSIST OF PERSONS, COMPANIES, AND/OR CORPORATIONS RESIDING IN NM THAT ARE ENGAGED IN A BUSINESS RELATING TO, OR ASSOCATED WITH, OR ASSISTING PERSONS ENGAGED IN THE AUTOMOBILE BUSINESS SUCH AS USED CAR DEPARTMENTS OWNED AND OPERATED BY FRANCHISED NEW CAR DEALERS, FINANCE COMPANIES, BANKS, AUTO ACCESSORY AND PARTS DEALERS AND REPAIR SHOPS AND GRADUATES OF NM DEALER PRELICENSING EDUCATION. ASSOCIATE MEMBERS WILL ALSO BE KNOW AS SPONSOR MEMBERS. - HONORARY MEMBERS. AN HONORY MEMBERSHIP MAY BE BESTOWED ON INDIVIDUALS, COMPANIES OR CORPORATIONS FOR THEIR EXEMPLARY SERVICE TO THIS ASSOCATION, AS DULY CHOSEN FOR SUCH AN HONOR BY THE BOARD OF DIRECTORS. - SPECIAL MEMBERS. A SPECIAL MEMBERSHIP SHALL BE AVAILABLE TO INDIVIDUALS, PARTNERS, A COLLECTION OF INDIVIDUALS, COMPANIES OR CORPORATIONS WHO WANT TO BECOME AFFILIATED WITH THE ASSOCIATION PRIOR TO AND DURING THE ANNUAL CONVENTION OR ANY OTHER MAJOR ASSOCIATION EVENT UPON PAYMENT OF THE SPECIAL MEMBERSHIP FEES AS DETERMINED BY THE BOARD OF DIRCTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | BOARD MEMBERS ARE ELECTED BY THE REGULAR MEMBERS OF THE ORGANIZATION ANNUALLY AND SERVE A ONE YEAR TERM OR UNTIL THEIR SUCCSSORS ARE ELECTED AND QUALIFIED. ONLY REGULAR MEMBERS CAN SERVE ON THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 8B | NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS OF THE ORGANIZATION PRIOR TO ITS FILING AND INDIVIDUAL BOARD MEMBERS READ AND SUBMIT QUESTIONS AS APPLICABLE TO MANAGEMENT AND/OR THE OUTSIDE TAX RETURN PREPARER PRIOR TO ITS FILING. FORM INSTRUCTIONS AND CHECKLIST ARE MADE AVAILABLE TO THE BOARD MEMBERS FOR THE PROCESS. |
| FORM 990, PART VI, SECTION B, LINE 12C | PERSONS COVERED BY THE POLICY ARE DIRECTORS OR PRINCIPAL OFFICERS OF THE ASSOCIATION OR MEMBERS OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, IF APPLICABLE. THE INDIVIDUAL IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS OR, IF APPLICABLE, THE MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. AFTER DISCLOSURE OF FACTS THE INDIVIDUAL LEAVES THE MEETING TO ALLOW FOR DISCUSSION, AND VOTE ON THE POSSIBLE CONFLICT OF INTEREST. A DUTY TO DISCLOSE IS CONSIDERED APPROPRIATE, BUT IF THERE IS FAILURE TO DISCLOSE THE GOVERNING BODY MAY MAKE INQUIRIES AND TAKE DISCIPLINARY AND CORRECTIVE ACTION IF NECESSARY. THE BOARD DISCUSSES CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST IN PERIODIC TELECONFERENCES OF THE BOARD OF DIRECTORS. EACH DIRECTOR AN DPRINCIPAL OFFICER ANNUALLY SIGNS A STATEMENT REGARDING THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | NO COMPENSATION IS PAID BY THIS ORGANIZATION. THE EXECUTIVE DIRECTOR'S COMPENSATION IS PAID BY A CONTROLLED CORPORATION, SEE SCHEDULE R. |
| FORM 990, PART VI, SECTION C, LINE 19 | APPLICABLE DOCUMENTS ARE PROVIDED UPON REQUEST IN PRINTED FORMAT OR OTHER FORMAT IF MORE FEASIBLE. |
| FORM 990, PART IX, LINE 24E | DONATIONS (POLITICAL) 3,500. DUES AND SUBSCRIPTIONS 1,325. DONATIONS (TO 501 C 3'S) 500. CASH SHORT OVER -27. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019
Additional Data
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